Altamira Gold Corp (ALTA) AI Stock Analysis

• Market Cap: C$20.14M
• Dividend Yield: N/A
• Average Volume (3M): 69.49K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.80
• Revenue Growth: N/A
• EPS Growth: -38.89%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 211,977,280
• 10 Day Avg. Volume: 82,555
• 30 Day Avg. Volume: 69,488
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -14.60
• P/FCF Ratio: 0.00
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Altamira Gold Corp has significant challenges with profitability and cash flow due to zero revenue, but it benefits from a strong balance sheet. The technical analysis suggests a neutral to mildly positive trend, but the valuation is weak due to ongoing losses. Recent positive developments in exploration projects offer potential for future growth, but the overall financial state remains a critical weakness.

Altamira Gold Corp Business Overview & Revenue Model

Company Description

Altamira Gold Corp (ALTA) is a Canadian-based resource exploration company primarily engaged in the acquisition, exploration, and development of gold properties in Brazil. The company's focus is on its flagship Cajueiro project, which has significant gold resources and potential for further exploration. Altamira Gold Corp operates within the mining sector, concentrating on identifying and advancing high-quality gold assets in underexplored regions.

How the Company Makes Money

Altamira Gold Corp makes money through the exploration and development of gold mining projects, with the ultimate goal of extracting and selling gold. Revenue is primarily generated through the sale of gold extracted from its mining operations. Additionally, the company may enter into joint ventures or partnerships with other mining companies or investors to fund exploration and development activities, which can also provide a source of income. Altamira Gold Corp's earnings are influenced by factors such as gold prices, exploration success, and operational efficiency.

Altamira Gold Corp Financial Statement Overview

Summary

Altamira Gold Corp faces significant challenges with profitability and cash flow generation due to zero revenue and persistent losses, though it benefits from a strong balance sheet with no debt. The company must focus on generating revenue to improve its financial health and leverage its solid equity position.

Income Statement

Altamira Gold Corp has consistently reported zero revenue, which is a significant concern for profitability. The company has negative EBIT and EBITDA margins, indicating operating losses. Net profit margins are also negative, reflecting ongoing net losses. The lack of revenue growth and persistent negative margins are critical weaknesses in the income statement.

Balance Sheet

The company's balance sheet shows a solid equity base with no debt, resulting in a strong debt-to-equity ratio. The equity ratio is high, indicating financial stability. However, the lack of revenue and profits limits the return on equity potential. The balance sheet's strength lies in its low leverage and high equity levels, but profitability remains a challenge.

Cash Flow

Free cash flow is negative, and the operating cash flow to net income ratio indicates cash flow challenges relative to net losses. The company has experienced fluctuating free cash flow growth rates, indicating instability in cash generation. Despite some financing inflows, negative operating and free cash flows highlight liquidity risks.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-42.08K	-11.33K	-10.20K	-9.44K	-13.09K	-25.69K
	EBIT
-1.49M	-1.65M	-1.57M	-1.53M	-1.31M	-1.09M
	EBITDA
-2.07M	-1.62M	-1.75M	-1.51M	-1.58M	-1.07M
	Net Income Common Stockholders
-2.11M	-1.63M	-1.78M	-1.58M	-1.60M	-1.11M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
4.69M	4.69M	1.58M	5.50M	4.03M	767.40K
	Total Assets
24.96M	24.96M	19.52M	19.81M	15.44M	12.73M
	Total Debt
39.48K	39.48K	111.88K	168.34K	245.65K	124.81K
	Net Debt
-4.65M	-4.69M	-1.46M	-5.33M	-3.79M	-642.59K
	Total Liabilities
712.32K	712.32K	726.68K	457.38K	434.24K	577.99K
	Stockholders Equity
24.24M	24.24M	18.80M	19.35M	15.01M	12.15M
Cash Flow		Free Cash Flow
-2.92M	-1.42M	-1.19M	-1.27M	-1.07M	-753.12K
	Operating Cash Flow
-962.80K	-1.07M	-987.46K	-913.31K	-1.06M	-752.82K
	Investing Cash Flow
-3.06M	-1.70M	-3.01M	-2.36M	-288.08K	-927.26K
	Financing Cash Flow
15.53K	5.93M	105.11K	4.79M	4.62M	2.32M

Altamira Gold Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ALTA, the sentiment is Negative. The current price of 0.1 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.10, and below the 200-day MA of 0.12, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.11 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ALTA.

Altamira Gold Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FNC	62 Neutral	C$16.38M	3.11	10.15%	―	―	―
OCO	47 Neutral	C$87.58M	―	-5.17%	―	―	-26.76%
Sector *	47 Neutral	$2.43B	-3.06	-22.76%	3.59%	4.02%	-29.07%
ALTA	42 Neutral	C$20.14M	―	-9.27%	―	―	-38.89%
BTR	31 Underperform	C$39.22M	―	-91.29%	―	―	7.15%

Altamira Gold Corp Corporate Events

Altamira Gold Reports Significant Extensions at Cajueiro Project

Altamira Gold Corp has announced promising results from recent trenching activities at its Cajueiro Central Project, revealing significant extensions to the mineralized structure previously reported. A notable intercept of 17 meters at 1.46g/t gold was discovered 200 meters beyond the current resource limits, indicating potential for substantial resource additions. The company plans further drilling to expand the mineral resource footprint and test new peripheral targets, which may enhance its strategic position in the exploration sector.