Altamira Gold Corp (ALTA) AI Stock Analysis

• Market Cap: C$41.51M
• Dividend Yield: N/A
• Average Volume (3M): 242.63K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.71
• 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: 44 Neutral
• Price Target: C$0.14 ▼(-51.43% Downside)
• Action: Reiterated Date: 03/17/26
• Date: Action: Reiterated 03/17/26

The score is primarily held back by weak financial performance (pre-revenue losses and material free-cash-flow burn) and bearish technicals (below major moving averages with negative MACD). A debt-free balance sheet provides some stability, but valuation support is limited given negative earnings and no dividend data.

Positive Factors

Debt-free Balance Sheet

A zero-debt balance sheet materially reduces financing risk for an exploration company. With no interest burden, management can allocate capital to drilling and technical studies without near-term debt repayments, providing durable financial flexibility through multi-stage exploration cycles.

Sizable Equity Base / Capital Base

A growing, sizable equity base strengthens the company's runway to fund exploration programs and technical work. This capital cushion lowers immediate dilution pressure and supports multi-period project advancement, a structural advantage for realizing value from resource definition.

Focused Exploration Business Model

A clear, consistent exploration mandate—project acquisition, surveying, drilling and resource evaluation—provides strategic focus. Over 2-6 months this business model offers optionality: successful discoveries can scale value, while the stage-based model allows capital prioritization across targets.

Negative Factors

Pre-revenue Persistent Losses

Being pre-revenue with recurring losses is a structural constraint: sustained negative earnings erode equity unless offset by financing or discovery milestones. Over months this raises uncertainty about the timing and size of future resource-driven revenue or the need for dilutive capital raises.

Negative Cash Generation / Free Cash Burn

Material negative operating and free cash flow indicate ongoing burn to fund exploration. Even with a decent equity base, persistent negative cash generation forces financing decisions that can constrain program continuity or require dilution, a lasting operational risk until cashflow improves.

Negative Return on Equity

A sustained negative ROE shows the company is not converting capital into positive returns, signaling low capital efficiency. For an exploration firm this reflects that deployed capital has yet to yield definable economic resources, a structural concern until resource economics improve.

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

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Altamira Gold Corp Financial Statement Overview

Summary

Income statement and cash flow are weak due to being pre-revenue with persistent losses (TTM net loss ~-$1.66M) and ongoing cash burn (TTM operating cash flow ~-$1.23M; free cash flow ~-$4.06M). The balance sheet is a partial offset with zero debt and a sizable equity base (~$32.9M), but negative ROE reflects continued unprofitability.

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: Negative
• Last Price: 0.28
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• 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 0.28 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.22, and above the 200-day MA of 0.20, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 23.85 is Positive, neither overbought nor oversold. The STOCH value of 16.87 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
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ARIC	58 Neutral	C$75.59M	-15.92	-13.22%	―	―	33.77%
SOI	53 Neutral	C$93.46M	-30.79	-3.56%	―	―	-50.00%
GGO	50 Neutral	C$118.72M	-11.76	-3.83%	―	―	―
ALTA	44 Neutral	C$41.51M	-31.32	-6.52%	―	―	37.37%
BRAU	42 Neutral	C$82.24M	-17.00	-35.87%	―	―	60.96%

Altamira Gold Corp Corporate Events

Altamira Gold Hits High-Grade at New Guillermo Target and Extends Maria Bonita Deposit in Brazil

Altamira Gold reported that its first diamond drill hole at the Guillermo target in Brazil’s Cajueiro district intersected a high-grade zone of 7 metres grading 4.2 grams per tonne of gold, including 0.9 metres at 18.1 grams per tonne, correlating with previous trench sampling and confirming Guillermo as a promising new satellite prospect. Ongoing drilling at the Maria Bonita deposit also extended known gold mineralization below the existing open-pit resource model, while an expert review of multiple targets across the district underscores the broader potential to expand Altamira’s resource base and strengthen its position within the regional gold corridor.

CEO Mike Bennett said the positive intercepts at Guillermo, along with earlier successes at Tavares Norte and Morro Verde, highlight an 8km east-west trend of mineralized intrusions that could support near-term resource growth. The latest results at Maria Bonita, which already hosts a substantial open-pit resource, suggest additional gold-bearing porphyry bodies at depth and beyond the current footprint, potentially enhancing the project’s scale and long-term development options for stakeholders.

The most recent analyst rating on (TSE:ALTA) stock is a Sell with a C$0.15 price target. To see the full list of analyst forecasts on Altamira Gold Corp stock, see the TSE:ALTA Stock Forecast page.

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.