Altamira Gold Corp (ALTA) AI Stock Analysis

• Market Cap: C$66.71M
• Dividend Yield: N/A
• Average Volume (3M): 242.63K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.31
• 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: 296,491,400
• 10 Day Avg. Volume: 140,481
• 30 Day Avg. Volume: 242,625
• PEG Ratio: 1.03
• Price to Book (P/B): 1.14
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -19.54
• 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: 45 Neutral
• Price Target: C$0.24 ▼(-14.64% Downside)
• Action: Reiterated Date: 01/31/26
• Date: Action: Reiterated 01/31/26

The score is primarily held back by weak financial performance (pre-revenue losses and ongoing cash burn) and bearish technical signals (below key moving averages with negative MACD). A debt-free balance sheet provides some stability, but valuation support is limited by negative earnings and no indicated dividend.

Positive Factors

Debt-free balance sheet

A zero-debt capital structure with roughly $32.9M of equity materially reduces solvency and interest-rate risk for an exploration company. This structural strength gives management time to advance drills and studies, supports partner deals, and lowers bankruptcy/dilution pressure over the medium term.

Clear exploration focus

A concentrated business model centered on gold exploration in Brazil creates scalable optionality: successful drilling or resource definition can re-rate the company. The model is capital-efficient relative to operating mines and aligns with structural demand for near-mine discoveries and JV/asset-sale exits over 2–6 months to years.

Strengthening capital base

Rising equity levels versus prior periods improve funding flexibility and reduce near-term reliance on dilutive raises. A stronger capital base enhances the company's ability to underwrite planned exploration programs, secure earn-ins or partnerships, and negotiate financing on better terms over the coming funding cycles.

Negative Factors

Pre-revenue losses

Ongoing net losses in a pre-revenue profile indicate the company has not yet converted exploration activity into monetizable resources. Persistently negative earnings increase dependence on capital markets for operating funding, raising dilution and execution risk for multi-stage exploration campaigns over the medium term.

Negative cash generation

Consistent negative operating and free cash flow means the company must continually raise capital to fund exploration and corporate costs. This structural cash-burn profile constrains program continuity, can force project-scale backlogs during weak markets, and increases financing dilution risk over the next funding cycles.

Low capital efficiency

A negative ROE and absence of revenue demonstrate the current inability to convert invested capital into returns. For shareholders this signals a long lead time to monetization of exploration assets and persistent inefficiency in capital deployment until a significant resource or JV accelerates value realization.

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

Early-stage, pre-revenue profile with persistent losses (TTM net loss ~-$1.66M) and cash burn (TTM operating cash flow ~-$1.23M; free cash flow ~-$4.06M). The key offset is a stronger balance sheet with zero debt and sizable equity (~$32.9M), reducing near-term solvency risk despite negative ROE.

Income Statement

Altamira Gold Corp is still pre-revenue (revenue is 0 across periods), with persistent operating losses. TTM (Trailing-Twelve-Months) net loss is about -$1.66M and EBIT is about -$1.73M, showing the business has not yet reached a self-sustaining earnings profile. Loss levels have not meaningfully improved versus recent annual results, which keeps profitability and earnings quality weak despite slightly better results than some prior years.

Balance Sheet

The balance sheet is a relative strength: total debt is 0 in TTM (Trailing-Twelve-Months) and equity is sizable (~$32.9M) versus total assets (~$33.4M), indicating low financial leverage. Equity has grown versus prior annual periods, improving the capital base. The key weakness is negative returns on equity (TTM return on equity around -6.5%), reflecting ongoing losses and limited near-term balance-sheet efficiency.

Cash Flow

Cash generation remains weak with negative operating cash flow in TTM (Trailing-Twelve-Months) (~-$1.23M) and deeply negative free cash flow (~-$4.06M), implying continued cash burn to fund exploration and corporate costs. While free cash flow trends are volatile (TTM shows positive growth off a weaker prior base), the company is not yet close to breakeven cash flow. A positive factor is that the burn is not being driven by high leverage (debt is minimal), but funding needs remain a core risk.

Breakdown	TTM	May 2024	May 2022	May 2020	Feb 2019	Feb 2017
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-59.83K	-56.81K	-10.20K	-13.09K	-26.66K	-18.54K
EBITDA	-1.60M	-1.48M	-1.75M	-1.58M	-1.18M	-1.99M
Net Income	-1.66M	-1.54M	-1.78M	-1.60M	-1.13M	-1.99M
Balance Sheet
Total Assets	33.43M	21.65M	19.52M	15.44M	11.77M	14.68M
Cash, Cash Equivalents and Short-Term Investments	9.14M	753.62K	1.58M	4.03M	123.74K	2.18M
Total Debt	0.00	0.00	111.88K	245.65K	88.47K	54.92K
Total Liabilities	563.40K	193.48K	726.68K	434.24K	323.55K	773.47K
Stockholders Equity	32.86M	21.46M	18.80M	15.01M	11.44M	13.90M
Cash Flow
Free Cash Flow	-4.06M	-3.91M	-1.19M	-1.07M	-955.28K	-1.34M
Operating Cash Flow	-1.23M	-1.00M	-987.46K	-1.06M	-931.54K	-1.27M
Investing Cash Flow	-2.55M	-2.91M	-3.01M	-288.08K	-892.68K	-1.90M
Financing Cash Flow	11.54M	0.00	105.11K	4.62M	885.21K	4.95M

Altamira Gold Corp Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.28
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• 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 Neutral. The current price of 0.28 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.24, and above the 200-day MA of 0.20, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.13 is Neutral, neither overbought nor oversold. The STOCH value of 47.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$117.01M	-36.84	-12.97%	―	―	33.77%
BRAU	57 Neutral	C$119.11M	-37.84	-24.87%	―	―	60.96%
SOI	53 Neutral	C$86.27M	-59.72	-2.23%	―	―	-50.00%
GGO	50 Neutral	C$160.07M	-90.91	-3.92%	―	―	―
ALTA	45 Neutral	C$66.71M	-33.09	-5.78%	―	―	37.37%

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.