Argo Gold Inc (TSE:ARQ)
:ARQ
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Argo Gold
(ARQ)
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Rating:60Neutral
Price Target:
C$0.11
▲(10.00% Upside)
Action:ReiteratedDate:01/23/26
The score is driven primarily by mixed financial performance—positive cash flow and moderate leverage are offset by declining revenue and a return to a small loss—while technicals are strong with price well above moving averages and a positive MACD. Valuation is a key drag due to a negative P/E and no dividend yield.
Positive Factors
Positive cash generation
Sustained positive operating and free cash flow provides a durable internal funding source for exploration and project advancement, reducing immediate dilution risk. This strengthens operational runway and makes the company a more viable joint-venture partner over the next several quarters.
Negative Factors
Declining revenue and slipped profitability
Falling revenue and a return to net losses weaken the company's ability to self-fund exploration and raise concerns about sustainable operations. Persistent negative profitability can force dilutive financing or delay project milestones, impairing long-term value creation.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive cash generation
Sustained positive operating and free cash flow provides a durable internal funding source for exploration and project advancement, reducing immediate dilution risk. This strengthens operational runway and makes the company a more viable joint-venture partner over the next several quarters.
Read all positive factors
Argo Gold (ARQ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.89M
Dividend YieldN/A
Average Volume (3M)33.65K
Price to Earnings (P/E)19.7
Beta (1Y)0.20
Revenue Growth-15.28%
EPS Growth-122.22%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)<0.01
Shares Outstanding72,527,770
10 Day Avg. Volume31,354
30 Day Avg. Volume33,653
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)3.98
Price to Sales (P/S)2.62
P/FCF Ratio24.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$0.34Price Target Upside240.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Argo Gold Business Overview & Revenue Model
Company Description
Argo Gold Inc., a development stage company, focuses on the exploration and development of mineral properties in northwestern Ontario. The company explores for gold, silver, cobalt, and zinc deposits. Its flagship project is the 100% owned Uchi go...
How the Company Makes Money
Argo Gold generates revenue primarily through the exploration and potential development of its gold properties. The company focuses on advancing its projects through systematic exploration, which may lead to the discovery of economically viable mi...
Argo Gold Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
58
Neutral
Cash Flow
64
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.84M | 2.24M | 952.69K | 0.00 | 0.00 | 0.00 |
| Gross Profit | 802.39K | 1.24M | 662.99K | -3.36K | -2.14K | -1.14K |
| EBITDA | 384.89K | 949.88K | -25.43K | -1.44M | -2.17M | -1.61M |
| Net Income | -91.15K | 437.08K | -280.00K | -1.45M | -2.18M | -206.55K |
Balance Sheet | ||||||
| Total Assets | 3.18M | 3.30M | 2.78M | 1.09M | 2.14M | 4.30M |
| Cash, Cash Equivalents and Short-Term Investments | 282.33K | 289.92K | 74.89K | 85.37K | 1.15M | 3.31M |
| Total Debt | 1.11M | 1.11M | 1.11M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.76M | 1.83M | 1.83M | 478.43K | 79.16K | 345.10K |
| Stockholders Equity | 1.42M | 1.47M | 949.13K | 613.73K | 2.06M | 3.96M |
Cash Flow | ||||||
| Free Cash Flow | 399.58K | 238.17K | -1.67M | -815.06K | -1.98M | -1.52M |
| Operating Cash Flow | 763.05K | 952.43K | 122.01K | -807.70K | -1.98M | -1.39M |
| Investing Cash Flow | -374.03K | -714.26K | -1.73M | -6.92K | 673.68K | 311.89K |
| Financing Cash Flow | -115.66K | -23.14K | 1.68M | 0.00 | 322.00K | 2.76M |
Argo Gold Technical Analysis
Neutral
0.10
Price Trends
0.11
Negative
0.09
Positive
0.08
Positive
Market Momentum
>-0.01
Negative
48.58
Neutral
88.89
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ARQ, the sentiment is Neutral. The current price of 0.1 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.11, and above the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.58 is Neutral, neither overbought nor oversold. The STOCH value of 88.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ARQ.
Argo Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | C$6.89M | 19.73 | -6.09% | ― | -15.28% | -122.22% | |
50 Neutral | C$6.50M | 0.50 | ― | ― | ― | 38.50% | |
49 Neutral | C$7.42M | -7.56 | -93.08% | ― | ― | -230.94% | |
43 Neutral | C$3.26M | -34.21 | -22.19% | ― | ― | -4.55% | |
42 Neutral | C$3.23M | 15.92 | -89.21% | ― | ― | -64.52% | |
| ― | C$4.97M | -6.73 | -13.58% | ― | ― | -50.00% |
* Basic Materials Sector Average
TSE:ARQ
Argo Gold
0.10
0.02
35.71%
TSE:HVG
Harvest Gold
0.06
0.04
200.00%
TSE:KGC
Kestrel Gold
0.03
0.00
0.00%
TSE:VGD
Visible Gold Mines
0.18
0.10
150.00%
TSE:GCN
Goldcliff Resource
0.04
0.02
100.00%
TSE:EDGM
Edgemont Gold Corp.
0.18
0.02
12.50%
Argo Gold Corporate Events
Business Operations and Strategy
Argo Gold Signs 60-Day Social Media Marketing Deal to Boost Investor Visibility
Positive
Jan 20, 2026
Argo Gold Inc. has signed a 60-day advertising and e‑marketing agreement with 1001103323 Ontario Inc. to expand its digital presence across social media platforms including X, Facebook, YouTube and Reddit, for a fee of CAD$20,000, with an op...
Business Operations and StrategyFinancial Disclosures
Argo Gold Posts Positive Cash Flow From October Oil Production
Positive
Dec 22, 2025
Argo Gold Inc. reported October 2025 oil production of 1,800 barrels, averaging 58 barrels per day across its interests in the Lindbergh and Lloyd fields. With an average realized oil price of CAD$59 per barrel, the company generated oil revenue o...
Business Operations and StrategyFinancial Disclosures
Argo Gold Posts Cash-Positive October Oil Production
Positive
Dec 22, 2025
Argo Gold Inc. reported October 2025 oil production of 1,800 barrels, averaging 58 barrels per day, generating oil revenue of C$107,021 and net operating cash flow of C$57,435 at an average realized price of C$59 per barrel. Output was derived fro...
Business Operations and StrategyFinancial Disclosures
Argo Gold Reports 2025 Oil Production Amid Market Challenges
Neutral
Nov 11, 2025
Argo Gold reported its oil production for the first nine months of 2025, totaling 24,003 barrels, with an average of 88 barrels per day. The company faced challenges with the collapse of its Lloyd 2 well and did not proceed with planned drilling d...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.