Cora Gold Ltd. (GB:CORA)
LSE:CORA
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Cora Gold
(LSE:CORA)
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Rating:48Neutral
Price Target:
9.50 p
▼(-19.15% Downside)
Action:N/A
Date:05/19/26
The score is primarily constrained by weak financial performance (pre-revenue losses and persistent cash burn), partially offset by a debt-free balance sheet. Technicals are mixed with longer-term trend support but muted momentum, while valuation signals are limited due to negative earnings and no dividend data.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces solvency and interest-rate risk for an early-stage explorer. Over a 2–6 month horizon this conservatism preserves flexibility to fund drilling or negotiate JV terms without immediate interest burdens that can strain cash flows.
Negative Factors
Pre-revenue operations
Being pre-revenue means core activities consume cash without offsetting sales, forcing dependence on external capital. Over the next several months this structural lack of operating income constrains self-funding of drill campaigns and increases dilution or financing execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces solvency and interest-rate risk for an early-stage explorer. Over a 2–6 month horizon this conservatism preserves flexibility to fund drilling or negotiate JV terms without immediate interest burdens that can strain cash flows.
Read all positive factors
Cora Gold (CORA) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£74.59M
Dividend YieldN/A
Average Volume (3M)392.90K
Price to Earnings (P/E)―
Beta (1Y)0.18
Revenue GrowthN/A
EPS Growth-15.00%
CountryUK
Employees26
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding765,054,700
10 Day Avg. Volume443,676
30 Day Avg. Volume392,905
Financial Highlights & Ratios
PEG Ratio-1.22
Price to Book (P/B)1.54
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Cora Gold Business Overview & Revenue Model
Company Description
Cora Gold Limited, together with its subsidiaries, engages in the exploration and development of mineral projects in West Africa. The company primarily explores for gold deposits. Its flagship project is the Sanankoro Gold project comprising 5 con...
How the Company Makes Money
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Cora Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
25
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.54M | -827.98K | -60.00K | -866.00K | -1.07M |
| Net Income | -1.48M | -1.09M | -4.97M | -2.66M | -386.00K |
Balance Sheet | |||||
| Total Assets | 28.28M | 26.09M | 24.38M | 27.16M | 18.24M |
| Cash, Cash Equivalents and Short-Term Investments | 1.53M | 879.00K | 461.00K | 5.38M | 4.51M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 159.06K | 216.00K | 193.00K | 570.00K | 216.00K |
| Stockholders Equity | 28.12M | 25.88M | 24.18M | 26.59M | 18.02M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -2.35M | -4.92M | -9.22M | -2.99M |
| Operating Cash Flow | -1.24M | -1.00M | -1.65M | -847.00K | -641.00K |
| Investing Cash Flow | -1.56M | -1.34M | -3.26M | -8.38M | -2.35M |
| Financing Cash Flow | 3.46M | -13.63M | 0.00 | 10.08M | 5.44M |
Cora Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | £15.59M | -38.09 | -17.24% | ― | ― | -100.00% | |
51 Neutral | £54.37M | -9.45 | -32.61% | ― | ― | 6.19% | |
48 Neutral | £74.59M | -29.36 | -3.83% | ― | ― | -15.00% | |
48 Neutral | £9.80M | -163.55 | -14.14% | ― | ― | 67.08% | |
46 Neutral | £51.00M | -0.63 | -28.28% | ― | ― | -458.82% | |
44 Neutral | £15.40M | -46.64 | -4.26% | ― | ― | -209.09% |
* Basic Materials Sector Average
GB:CORA
Cora Gold
9.75
1.50
18.18%
GB:AAU
Ariana Resources
1.95
0.69
54.76%
GB:ORR
Oriole Resources PLC
0.32
0.11
52.38%
GB:WSBN
Wishbone Gold
28.50
11.50
67.65%
GB:LEX
Lexington Gold
3.40
0.10
3.03%
GB:PAT
Panthera Resources Plc
20.75
7.25
53.70%
Cora Gold Corporate Events
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Cora Gold Publishes 2025 Annual Report and Sets June AGM as Key Projects Advance
Neutral
May 19, 2026
Cora Gold Limited, the West Africa-focused gold developer listed on AIM, has published its 2025 Annual Report and consolidated financial statements, along with the notice of its 2026 Annual General Meeting. These documents, approved by the board o...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresPrivate Placements and FinancingShareholder Meetings
Cora Gold Secures Strategic Funding as Sanankoro DFS Boosts Reserves
Positive
May 18, 2026
Cora Gold has reported further progress at its Sanankoro project, where a 2024 mineral resource estimate confirmed more than 1 million ounces of gold and a 2025 definitive feasibility study outlined a 26% increase in reserves, robust economics and...
Business Operations and StrategyPrivate Placements and Financing
Cora Gold Issues New Shares on Option Exercise as Mali Project Advances
Positive
Apr 20, 2026
Cora Gold Limited, a West African-focused gold developer with key assets in Mali and Senegal, is advancing its flagship Sanankoro open-pit oxide gold project in southern Mali, supported by strong feasibility metrics and a management team experienc...
Business Operations and StrategyPrivate Placements and Financing
Cora Gold Secures US$120m Stream to Fully Fund Mali Project
Positive
Apr 17, 2026
Cora Gold has secured a binding US$120 million gold stream financing from major shareholder Eagle Eye Asset Holdings to fully fund its Sanankoro Gold Project in southern Mali through to production, alongside a recent £15.7 million equity rais...
Business Operations and StrategyPrivate Placements and Financing
Cora Gold Closes £15.7m Fundraise and Expands Share Option Pool
Positive
Apr 1, 2026
Cora Gold Limited, the AIM-quoted West African gold developer, has closed a previously announced fundraise, securing gross proceeds of £15.707 million and boosting its cash and cash equivalents to more than US$20.5 million. The strengthened b...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Cora Gold Raises £15.7m, Reshapes Board as Eagle Eye Takes 29.9% Stake
Positive
Mar 27, 2026
Cora Gold has completed a £15.7m equity fundraise via a subscription and retail offering at 6 pence per share, bringing in Singapore-based single-family office Eagle Eye Asset Holdings as a new strategic investor with a 29.9% stake. The proce...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Cora Gold Wins Strong Shareholder Backing for Capital Flexibility as Sanankoro Project Advances
Positive
Mar 24, 2026
Cora Gold Limited, the AIM-listed West Africa-focused gold developer, has its core assets in Mali and Senegal with a flagship open-pit oxide project at Sanankoro in the Yanfolila Gold Belt. Backed by a management team experienced in developing mul...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.