Altamira Gold Corp (ALTA) AI Stock Analysis

• Market Cap: C$63.74M
• Dividend Yield: N/A
• Average Volume (3M): 242.63K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.32
• Revenue Growth: N/A
• EPS Growth: 37.37%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 296,476,380
• 10 Day Avg. Volume: 140,481
• 30 Day Avg. Volume: 242,625
• PEG Ratio: 0.66
• Price to Book (P/B): 0.99
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.42
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: C$0.25 ▼(-11.79% Downside)

The score is held back primarily by weak financial performance (no revenue, ongoing losses and cash burn) despite a low-debt balance sheet. Technicals and recent corporate updates are supportive, but valuation remains challenged due to negative earnings and no dividend support.

Positive Factors

Strategic Positioning

Expanding resources at key projects like Cajueiro strengthens Altamira's strategic position in the mining sector, potentially attracting partnerships and investments that can drive future development.

Exploration Potential

The discovery of new mineralized structures at Cajueiro enhances the project's potential, supporting long-term growth prospects through resource expansion and increased gold extraction capabilities.

Balance Sheet Strength

A strong balance sheet with no debt provides financial stability and flexibility, allowing the company to invest in growth opportunities without the burden of interest payments.

Negative Factors

Negative Margins

Persistent negative margins indicate ongoing operational inefficiencies and cost management issues, which could undermine efforts to achieve sustainable profitability and investor confidence.

Cash Flow Instability

Negative free cash flow reflects liquidity risks and limits the company's ability to fund operations and growth initiatives without external financing, impacting financial health.

Profitability Challenges

The absence of revenue and persistent operating losses highlight significant challenges in achieving profitability, which could hinder long-term financial sustainability and growth.

Altamira Gold Corp Business Overview & Revenue Model

Company Description

Altamira Gold Corp. engages in the acquisition, exploration, development, and mining of mineral properties in Brazil. Its primarily explores for gold deposits. It primarily holds interest in the Cajueiro project, covering an area of 24,076 hectares; the Apiacas project, which covers 80,231 hectares; and the Santa Helena project that covers 58,867 hectares in the Alta Floresta Gold Belt in Northern Mato Grosso, Brazil. The company was formerly known as Equitas Resources Corp. and changed its name to Altamira Gold Corp. in April 2017. Altamira Gold Corp. was incorporated in 1994 and is headquartered in Vancouver, Canada.

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

Exploration-stage profile with no revenue and recurring net losses, alongside consistently negative operating and free cash flow (ongoing cash burn). The key offset is a conservative balance sheet with essentially no debt, reducing leverage risk, but continued funding needs raise dilution risk.

Income Statement

Altamira Gold remains a pre-revenue business across the full history provided (including TTM (Trailing-Twelve-Months)), with total revenue at 0 and recurring operating losses. Losses have not meaningfully improved on a multi-year basis (TTM net loss of ~1.4M vs. ~1.6–1.8M in prior years), and negative gross profit indicates ongoing overhead without offsetting commercial sales. The key strength is modest loss containment versus some prior periods, but profitability and operating leverage are still absent.

Balance Sheet

The balance sheet is conservatively positioned with essentially no debt (0 debt in the most recent annual period and in TTM (Trailing-Twelve-Months)), which reduces financial risk and interest burden. Equity has grown versus earlier years, supporting the asset base and providing flexibility for exploration-stage execution. The main weakness is persistent negative returns on equity (around -6% to -10% across periods), reflecting ongoing losses and value dilution risk if the company must continue funding operations without revenue.

Cash Flow

Cash generation is weak, with operating cash flow consistently negative (TTM operating cash flow about -1.2M) and free cash flow materially negative (TTM about -3.9M), indicating ongoing cash burn. Free cash flow volatility is high year-to-year (including a sharp deterioration from 2024 to 2025 annual results), which increases funding uncertainty. A relative positive is that the operating cash burn is not accelerating dramatically versus prior years, but the business still requires external capital to sustain activities.

Breakdown	TTM	Dec 2024	Dec 2024	Dec 2022	Dec 2022	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-59.83K	-11.33K	-56.81K	-9.44K	-10.20K	-25.69K
EBITDA	-1.60M	-1.62M	-1.48M	-1.51M	-1.75M	-1.06M
Net Income	-1.66M	-1.63M	-1.54M	-1.58M	-1.78M	-1.11M
Balance Sheet
Total Assets	33.43M	24.96M	21.65M	19.81M	19.52M	12.73M
Cash, Cash Equivalents and Short-Term Investments	9.14M	4.69M	753.62K	5.50M	1.58M	767.40K
Total Debt	0.00	39.48K	0.00	168.34K	111.88K	124.81K
Total Liabilities	563.40K	712.32K	193.48K	457.38K	726.68K	577.99K
Stockholders Equity	32.86M	24.24M	21.46M	19.35M	18.80M	12.15M
Cash Flow
Free Cash Flow	-4.06M	-1.42M	-3.91M	-1.27M	-1.19M	-753.12K
Operating Cash Flow	-1.23M	-1.07M	-1.00M	-913.31K	-987.46K	-752.82K
Investing Cash Flow	-2.55M	-1.70M	-2.91M	-2.36M	-3.01M	-927.26K
Financing Cash Flow	11.54M	5.93M	0.00	4.79M	105.11K	2.32M

Altamira Gold Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.28
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 0.28 is above the 20-day moving average (MA) of 0.26, above the 50-day MA of 0.25, and above the 200-day MA of 0.19, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.07 is Neutral, neither overbought nor oversold. The STOCH value of 25.13 is Neutral, 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
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ARIC	58 Neutral	C$78.11M	-24.67	-12.97%	―	―	33.77%
ALTA	56 Neutral	C$63.74M	-31.62	-5.78%	―	―	37.37%
SOI	55 Neutral	C$77.21M	-81.25	-2.23%	―	―	-50.00%
BRAU	54 Neutral	C$85.38M	-34.27	-24.87%	―	―	60.96%
GGO	50 Neutral	C$142.67M	-81.82	-3.92%	―	―	―

Altamira Gold Corp Corporate Events

Altamira Gold Extends High-Grade Mineralization at Cajueiro and Starts Drilling New Porphyry Targets in Brazil

Altamira Gold has reported new assay results from resource-extension drilling at its Cajueiro Central project in Brazil, including one hole outside the current resource that confirmed gold mineralization beyond existing boundaries and another within the resource that delivered the highest-grade primary intercept to date in the Baldo sector, suggesting potential for higher-grade shoots within established structures. In parallel, the company has begun drilling two previously untested porphyry targets, Mombaque and Guillermo, along the Maria Bonita–Morro Verde trend, as part of a broader district-wide campaign aimed at expanding gold ounces and upgrading existing resources from Inferred to Indicated, which could enhance the scale, confidence and long-term development prospects of its Cajueiro and Maria Bonita deposits.

The most recent analyst rating on (TSE:ALTA) stock is a Hold with a C$0.27 price target. To see the full list of analyst forecasts on Altamira Gold Corp stock, see the TSE:ALTA Stock Forecast page.

Altamira Gold Strengthens Exploration Team with Renowned Porphyry Expert

Altamira Gold Corp has appointed Dr. Richard Sillitoe, a leading authority on porphyry and epithermal systems, as a technical advisor to enhance exploration efforts in its Cajueiro Porphyry Gold District in Brazil. This strategic move aims to leverage Dr. Sillitoe’s expertise in refining targeting and advancing the porphyry potential of the district, aligning with ongoing drilling activities at the Maria Bonita and Cajueiro Central deposits. The appointment is expected to bolster Altamira’s exploration capabilities and potentially unlock further value from its extensive land package, reinforcing its position within the gold exploration industry.

Altamira Gold Discovers High-Grade Gold at Morro Verde Target

Altamira Gold Corp has announced the discovery of high-grade gold mineralization within a new porphyry body at the Morro Verde target in the Cajueiro District, Brazil. This discovery, which includes a significant drill intercept, extends the corridor of interest and suggests potential for economically viable mining operations. The company is advancing its exploration efforts with two drill rigs on site, aiming to expand known resources and explore additional targets in the district.

Altamira Gold Raises $6.3 Million to Boost Brazilian Exploration

Altamira Gold Corp announced it has raised $6.3 million through the exercise of share purchase warrants, reflecting shareholder confidence in its Cajueiro porphyry gold district in Brazil. The funds will be used to advance drilling programs aimed at increasing mineral resources and exploring new target areas, potentially enhancing the company’s position in the gold exploration industry.

Altamira Gold Expands Drilling Operations in Brazil’s Cajueiro District

Altamira Gold Corp has announced the deployment of a second diamond drill rig to the Cajueiro gold district in Brazil, targeting the expansion of known resources in the Central Resource Area and testing new porphyry targets. This strategic move is expected to enhance the company’s drilling capacity, potentially increasing its resource base and strengthening its position in the gold mining industry.