SolGold (SOLG) AI Stock Analysis

• Market Cap: £840.78M
• Dividend Yield: N/A
• Average Volume (3M): 9.60M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.04
• Revenue Growth: N/A
• EPS Growth: 1.86%
• Country: UK
• Employees: 288
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 3,002,773,700
• 10 Day Avg. Volume: 10,821,866
• 30 Day Avg. Volume: 9,601,503
• PEG Ratio: 0.20
• Price to Book (P/B): 1.18
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -101.89
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £46.16
• Price Target Upside: 64.84% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: 29.00p ▲(3.57% Upside)

The score is held back primarily by weak financial performance (no revenue, sizable losses, and equity erosion with meaningful leverage), partially offset by a constructive technical trend and positive corporate catalysts (revised takeover offer and supportive project developments). Valuation remains challenged due to loss-making earnings and no dividend support.

SolGold Business Overview & Revenue Model

Company Description

SolGold Plc, a mineral exploration and development company, explores for and develops mineral properties in Ecuador, Australia, and Solomon Islands. The company primarily explores for copper, gold, silver, and molybdenum deposits. Its flagship project is the Alpala project that covers an area of approximately 50 square kilometers located in Imbabura province, Northern Ecuador. The company was formerly known as Solomon Gold plc and changed its name to SolGold plc in May 2012. SolGold Plc was incorporated in 2005 and is headquartered in Brisbane, Australia.

How the Company Makes Money

SolGold makes money through the exploration and development of mineral properties, primarily focusing on copper and gold. The company's revenue model involves discovering valuable mineral deposits, conducting feasibility studies to assess the economic viability of these projects, and advancing them through various stages of development. As these projects progress, SolGold seeks partnerships or joint ventures with larger mining companies to share the costs and risks associated with developing large-scale mining operations. Additionally, SolGold may generate income through the sale of its interests in exploration projects to other mining companies. Revenue is primarily driven by the eventual production and sale of copper and gold extracted from its projects, as well as potential royalties or licensing fees from partners or buyers of its developed assets.

SolGold Financial Statement Overview

Summary

SolGold's financial performance is weak, with persistent losses, no revenue generation, and negative cash flows highlighting financial viability concerns. Heavy reliance on debt financing and shrinking equity base further exacerbates financial risks.

Income Statement

The income statement shows persistent losses, with no revenue generation and negative EBIT and EBITDA figures. The company has not generated any revenue over the reported periods, indicating a lack of operational income. Net profit margins are negative due to the absence of revenue, resulting in substantial net losses, which is a significant concern for financial health.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio due to a high level of total debt relative to stockholders' equity. The company's equity ratio shows a reasonable proportion of equity financing, but the growing liabilities indicate potential financial risks. Despite these concerns, the company maintains a fair amount of total assets, though the declining trend in stockholders' equity suggests weakening financial stability.

Cash Flow

The cash flow statement indicates negative operating and free cash flows, highlighting the company’s challenges in generating cash from operations. The lack of positive free cash flow growth and negative cash flow ratios compared to net income suggest difficulties in covering operational expenses and capital expenditures through internally generated funds. Overall, the cash flow situation highlights potential liquidity challenges.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-92.48K	-117.06K	0.00	-298.00K	-619.00K	0.00
EBITDA	-39.57M	-14.50M	-13.49M	-22.12M	-16.95M	-12.28M
Net Income	-53.64M	-38.47M	-60.30M	-50.34M	-1.70M	-22.89M
Balance Sheet
Total Assets	379.63M	493.42M	463.85M	478.34M	429.16M	456.91M
Cash, Cash Equivalents and Short-Term Investments	25.36M	11.84M	6.03M	32.48M	26.10M	109.56M
Total Debt	216.57M	210.75M	199.16M	147.57M	84.79M	107.52M
Total Liabilities	305.94M	254.44M	209.23M	165.41M	97.91M	118.29M
Stockholders Equity	152.38M	238.99M	254.61M	312.93M	332.44M	335.34M
Cash Flow
Free Cash Flow	22.72M	-2.78M	-10.48M	-78.63M	-82.66M	-95.94M
Operating Cash Flow	45.41M	19.42M	-10.24M	-33.66M	-11.01M	-14.05M
Investing Cash Flow	-23.31M	-21.63M	-25.24M	-43.92M	-71.65M	-81.76M
Financing Cash Flow	-14.58M	7.65M	9.05M	84.11M	-485.39K	157.40M

SolGold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 28.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SOLG, the sentiment is Positive. The current price of 28 is above the 20-day moving average (MA) of 26.93, above the 50-day MA of 25.03, and above the 200-day MA of 14.40, indicating a bullish trend. The MACD of 0.77 indicates Positive momentum. The RSI at 63.83 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SOLG.

SolGold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RIO	82 Outperform	£106.71B	12.99	18.43%	4.75%	-3.50%	-7.04%
GFM	68 Neutral	£483.86M	74.05	3.23%	―	-32.18%	-58.29%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SOLG	58 Neutral	£840.78M	-17.72	-27.65%	―	―	1.86%
ATM	54 Neutral	£85.10M	-7.98	-33.80%	―	26.18%	―
ARS	51 Neutral	£58.54M	-11.50	-908.21%	―	―	―
ARCM	49 Neutral	£10.14M	-2.69	-32.02%	―	―	―

SolGold Corporate Events

SolGold Confirms Share Capital of Just Over 3.0 Billion Shares

SolGold plc has confirmed that as of 31 December 2025 its issued share capital stands at 3,009,973,641 ordinary shares of 1p each, all carrying voting rights and with no shares held in treasury. This updated share count provides investors with the official denominator needed to calculate and report any notifiable holdings or changes in their interests under UK disclosure and transparency rules, reinforcing regulatory compliance and clarity around the company’s ownership structure.

The most recent analyst rating on (GB:SOLG) stock is a Hold with a £29.00 price target. To see the full list of analyst forecasts on SolGold stock, see the GB:SOLG Stock Forecast page.

SolGold Shareholders Back Board, Auditors and Capital Authorities at AGM

SolGold plc reported that all resolutions proposed at its Annual General Meeting in Zug, Switzerland, were approved by shareholders via a poll combining proxy and in-person votes. Investors backed the company’s financial statements, directors’ remuneration and the re-election or election of all directors, although support for director Nick Mather and for authorities to allot equity shares and disapply pre-emption rights was more divided, indicating some governance and dilution concerns. Shareholders also reappointed PwC as auditors and approved their remuneration, collectively reinforcing the existing board and capital-raising flexibility as SolGold advances its copper and gold development strategy.

The most recent analyst rating on (GB:SOLG) stock is a Hold with a £29.00 price target. To see the full list of analyst forecasts on SolGold stock, see the GB:SOLG Stock Forecast page.

SolGold Receives Revised Cash Offer from Jiangxi Copper

SolGold PLC has received a revised non-binding indicative cash offer from Jiangxi Copper (Hong Kong) Investment Company Limited, valuing SolGold at approximately £842 million. This offer represents a significant premium over recent share prices, and major shareholders such as BHP Billiton Holdings Limited and Newmont Corporation have expressed support through letters of intent. The SolGold board is inclined to recommend the offer if a firm intention is announced, potentially impacting the company’s market position and shareholder value.

The most recent analyst rating on (GB:SOLG) stock is a Buy with a £46.00 price target. To see the full list of analyst forecasts on SolGold stock, see the GB:SOLG Stock Forecast page.

SolGold Announces 2025 Annual General Meeting Details

SolGold has announced that its 2025 Annual General Meeting will be held on December 30, 2025, in Zug, Switzerland. This meeting is a significant event for shareholders and interested investors, as it will provide insights into the company’s operations and future strategies. The notice and information circular for the AGM are available on SEDAR+ and the SolGold website, ensuring transparency and accessibility for stakeholders.

The most recent analyst rating on (GB:SOLG) stock is a Buy with a £46.00 price target. To see the full list of analyst forecasts on SolGold stock, see the GB:SOLG Stock Forecast page.

SolGold Rejects Jiangxi Copper’s Preliminary Acquisition Proposal

SolGold PLC, a company involved in the mining industry, has received a preliminary and conditional non-binding proposal from Jiangxi Copper Company Limited for a potential cash offer to acquire all of SolGold’s share capital at 26 pence per share. However, the SolGold Board has unanimously rejected this proposal, advising shareholders to take no action. The board remains confident in the company’s standalone prospects. This announcement has initiated an offer period, requiring Jiangxi Copper to decide by December 26, 2025, whether to proceed with a formal offer or not.

The most recent analyst rating on (GB:SOLG) stock is a Buy with a £46.00 price target. To see the full list of analyst forecasts on SolGold stock, see the GB:SOLG Stock Forecast page.

SolGold Seeks ‘Designated Foreign Issuer’ Status in Canada

SolGold plc has applied to the Ontario Securities Commission for an exemption under Canadian securities laws to be recognized as a ‘designated foreign issuer,’ following its voluntary delisting from the Toronto Stock Exchange. If granted, this decision would relieve SolGold from certain continuous disclosure requirements in Canada, aligning its obligations with those in the UK, and potentially impacting its operational transparency and regulatory compliance in the Canadian market.

The most recent analyst rating on (GB:SOLG) stock is a Buy with a £46.00 price target. To see the full list of analyst forecasts on SolGold stock, see the GB:SOLG Stock Forecast page.

SolGold Announces Director Resignation Amid Strategic Shift

SolGold has announced the resignation of Mr. Adrian (Steve) van Barneveld as a Non-Executive Director, effective immediately. This change aligns with the company’s strategic shift of its corporate nexus to Switzerland. Despite his resignation, Mr. van Barneveld will continue to contribute to SolGold through a consultancy agreement as part of the Technical Peer Review Panel, ensuring his expertise remains accessible to the company.

The most recent analyst rating on (GB:SOLG) stock is a Buy with a £46.00 price target. To see the full list of analyst forecasts on SolGold stock, see the GB:SOLG Stock Forecast page.

SolGold Advances Cascabel Project with High-Confidence Starter Pit

SolGold plc has announced progress in evaluating a potential near-surface starter-pit at the Tandayama-América deposit, part of the Cascabel project. The 60.2 Mt open-pit resource, characterized by a high proportion of Measured resources and a low strip ratio, offers a high-confidence source of early mill feed. This development is expected to accelerate the project’s timeline, enhance early production and cash flow, and de-risk future operations, providing near-term returns for shareholders.

The most recent analyst rating on (GB:SOLG) stock is a Buy with a £46.00 price target. To see the full list of analyst forecasts on SolGold stock, see the GB:SOLG Stock Forecast page.

SolGold Reports Promising Drilling Results at Tandayama-América

SolGold has reported promising drilling results at the Tandayama-América deposit, part of its Cascabel project in Ecuador. The results indicate significant near-surface copper-gold mineralization, reinforcing the potential for open-pit mining and accelerating the project’s development. This advancement is expected to enhance SolGold’s strategic flexibility, allowing for phased development and improved project economics, while also supporting the company’s broader vision of establishing a significant copper-gold mining district in Ecuador.

The most recent analyst rating on (GB:SOLG) stock is a Buy with a £46.00 price target. To see the full list of analyst forecasts on SolGold stock, see the GB:SOLG Stock Forecast page.

SolGold PLC Announces Total Issued Share Capital Update

SolGold PLC announced its total issued share capital consists of 3,002,773,641 ordinary shares with voting rights, and it holds no shares in treasury. This update is crucial for shareholders to determine their interest in the company’s share capital, reflecting SolGold’s commitment to transparency and regulatory compliance.

The most recent analyst rating on (GB:SOLG) stock is a Buy with a £46.00 price target. To see the full list of analyst forecasts on SolGold stock, see the GB:SOLG Stock Forecast page.

SolGold Reports Promising Drilling Results at Tandayama América, Boosting Project Prospects

SolGold has announced robust drilling results from its Tandayama América deposit, part of the Cascabel copper-gold project in Ecuador. The results highlight significant near-surface mineralisation, supporting SolGold’s strategy of a phased development pathway with low-capex, near-surface production. This approach aims to enhance project economics, provide early mill feed to Alpala’s processing facilities, and accelerate cash flow generation. The new findings reinforce the potential for open-pit evaluation and de-risk the overall project plan, offering a value-accretive opportunity for stakeholders.

The most recent analyst rating on (GB:SOLG) stock is a Buy with a £46.00 price target. To see the full list of analyst forecasts on SolGold stock, see the GB:SOLG Stock Forecast page.