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Allegiant Gold (TSE:AUAU)
:AUAU

Allegiant Gold (AUAU) AI Stock Analysis

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TSE:AUAU

Allegiant Gold

(AUAU)

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Neutral 57 (OpenAI - 5.2)
Rating:57Neutral
Price Target:
C$1.50
▲(7.91% Upside)
The score is primarily constrained by weak operating fundamentals (no revenue, losses, and persistent negative operating/free cash flow) despite a strong, low-debt balance sheet. Technicals add support due to a strong uptrend and positive MACD, but overbought momentum indicators temper the outlook. Valuation is also a headwind given the negative P/E and lack of dividend yield data.
Positive Factors
Low leverage / strong balance sheet
Minimal to zero debt materially reduces refinancing and interest-rate vulnerability for an exploration company. This durable strength preserves optionality to fund drilling or wait for favorable markets, lowering solvency risk versus highly leveraged junior miners over the next 2-6 months.
Growing equity base
A materially larger equity base signals sustained investor funding and capital access. For an explorer, this supports continued programs without immediate debt, reducing near-term dilution risk and enabling multi-phase exploration campaigns over the medium term.
Operations focused in Nevada
Concentrating activity in Nevada provides a structural advantage: strong mining infrastructure, permitting experience, and active investor interest. This jurisdictional strength improves chances of advancing projects and partnering or monetizing discoveries over time.
Negative Factors
No reported revenue
Absence of operating revenue means the business lacks a repeatable cash-generating core and remains fully reliant on financing or asset sales. Over 2-6 months this limits self-funding, increases reliance on capital markets, and raises execution risk if markets tighten.
Persistent negative operating and free cash flow
Consistent cash burn is a durable weakness: ongoing negative operating and free cash flow require periodic financing and can force dilution or project scaling back. This constrains the company's ability to sustain exploration programs without raising capital.
Volatile profitability; recent net loss
Swinging from prior profits to a sizable net loss shows inconsistent returns on invested capital. For investors and partners this reduces predictability of future project economics and may hinder deal-making or raise financing costs over the medium term.

Allegiant Gold (AUAU) vs. iShares MSCI Canada ETF (EWC)

Allegiant Gold Business Overview & Revenue Model

Company DescriptionAllegiant Gold Ltd. engages in the exploration and evaluation of resource properties in the United States. Its flagship project is the 100% owned Eastside Gold project covering an area of 72 square kilometers located in Tonopah, Nevada. The company was incorporated in 2017 and is headquartered in Vancouver, Canada.
How the Company Makes MoneyAllegiant Gold makes money through the exploration and development of gold mining projects. The company's primary revenue model involves the discovery and enhancement of gold resources, which can lead to increased property values and potential sales or joint ventures with larger mining companies. Key revenue streams include proceeds from the sale of gold resources once they are commercially viable, as well as potential income from strategic partnerships or joint ventures. Additionally, Allegiant Gold may generate income through the sale of equity or interests in its projects to raise capital for further exploration and development activities. The success of these projects and the company's ability to monetize discovered resources are critical factors contributing to its earnings.

Allegiant Gold Financial Statement Overview

Summary
Financial profile is mixed: a strong, low-to-zero debt balance sheet and growing equity support stability, but fundamentals are weak with no reported revenue, recurring EBIT losses, a swing to a sizable net loss in 2025, and persistently negative operating and free cash flow (ongoing cash burn).
Income Statement
18
Very Negative
The company reports no revenue across the provided annual periods, which makes profitability dependent on non-operating items rather than a repeatable operating base. Losses widened in the latest year (net loss of about $2.5M in 2025 vs. net income in 2024), and operating results remain consistently negative (EBIT losses each year). A positive in prior years is that net income was sometimes positive (2020, 2023, 2024), but the volatility and lack of revenue-driven earnings significantly weaken income statement quality and visibility.
Balance Sheet
74
Positive
The balance sheet is a clear strength: debt is minimal to zero (2025 shows zero debt; 2024 debt-to-equity is ~0.01), indicating very low leverage and financial risk from creditors. Equity has also grown over time (from ~$27.4M in 2020 to ~$47.5M in 2025), supporting balance-sheet stability. The main weakness is that returns on equity are inconsistent and turned negative in 2025, reflecting that capital is not currently generating consistent profits.
Cash Flow
27
Negative
Cash generation is weak and consistently negative: operating cash flow is negative every year shown (roughly -$1.0M to -$1.7M annually), and free cash flow is also negative throughout, indicating ongoing cash burn. The cash burn improved in 2025 versus 2024 (free cash flow became more negative-to-less negative, with strong reported growth off a negative base), but the business still does not self-fund operations. A relative positive is the absence of meaningful debt, which reduces near-term refinancing pressure, but continued negative operating cash flow remains the key risk.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-4.94K-6.58K-26.78K-36.48K-28.51K-28.22K
EBITDA-2.48M-2.48M2.28M792.24K-1.69M-1.54M
Net Income-2.49M-2.49M1.51M474.65K-1.73M-2.85M
Balance Sheet
Total Assets48.23M48.23M37.16M34.10M33.84M29.70M
Cash, Cash Equivalents and Short-Term Investments11.99M11.99M2.88M2.39M4.98M4.81M
Total Debt0.000.00337.85K24.20K60.69K142.83K
Total Liabilities695.03K695.03K1.28M329.13K1.13M608.87K
Stockholders Equity47.54M47.54M35.89M33.77M32.72M29.09M
Cash Flow
Free Cash Flow-957.16K-1.54M-1.29M-4.57M-4.97M-3.56M
Operating Cash Flow-956.78K-1.54M-1.29M-1.73M-974.56K-1.34M
Investing Cash Flow-1.00M-694.83K1.56M-2.04M-3.13M-1.86M
Financing Cash Flow10.02M13.24M384.49K-39.85K3.91M4.59M

Allegiant Gold Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.39
Price Trends
50DMA
0.92
Positive
100DMA
0.90
Positive
200DMA
0.70
Positive
Market Momentum
MACD
0.10
Negative
RSI
79.05
Negative
STOCH
81.18
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AUAU, the sentiment is Positive. The current price of 1.39 is above the 20-day moving average (MA) of 1.04, above the 50-day MA of 0.92, and above the 200-day MA of 0.70, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 79.05 is Negative, neither overbought nor oversold. The STOCH value of 81.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:AUAU.

Allegiant Gold Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
57
Neutral
C$132.23M-32.37-6.43%-216.92%
56
Neutral
C$60.78M-27.94-5.78%37.37%
54
Neutral
C$99.38M-35.96-24.87%60.96%
53
Neutral
C$93.30M-44.55-4.12%50.45%
52
Neutral
C$97.22M-55.26-2.88%36.67%
43
Neutral
C$68.91M-11.50-42.27%28.32%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:AUAU
Allegiant Gold
1.34
1.04
346.67%
TSE:BRAU
Big Ridge Gold
0.32
0.24
285.54%
TSE:ALTA
Altamira Gold Corp
0.19
0.09
90.00%
TSE:TSG
Tristar Gold
0.25
0.11
77.54%
TSE:YGT
Gold Terra Resource
0.21
0.13
162.50%
TSE:LVX
Leviathan Gold
0.62
0.56
968.97%

Allegiant Gold Corporate Events

Business Operations and StrategyPrivate Placements and Financing
A2Gold Raises $5.8 Million Through Completion of Warrant Incentive Program
Positive
Jan 30, 2026

A2Gold Corp. has completed its warrant exercise incentive program, raising approximately $5.8 million through the exercise of over 8.28 million warrants originally issued in a 2025 private placement and issuing about 2.76 million new incentive warrants exercisable at $1.00 for 12 months. The fresh capital will fund expanded drilling at the company’s flagship Eastside project in Nevada and general corporate purposes, potentially accelerating resource growth and project advancement, while the program’s structure—subject to final TSX Venture Exchange approval and including participation by company insiders—also deepens shareholder engagement and may increase future equity dilution if the new incentive warrants are exercised.

The most recent analyst rating on (TSE:AUAU) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Allegiant Gold stock, see the TSE:AUAU Stock Forecast page.

Business Operations and Strategy
A2Gold Ramps Up Eastside Exploration With 30,000-Metre Drill Program
Positive
Jan 26, 2026

A2Gold Corp. has launched a fully funded 30,000‑metre reverse circulation drill program at its Eastside Gold-Silver Project in Nevada, significantly expanding a previously planned 18,000‑metre campaign. The year-long program, run with multiple rigs, will combine step-out and infill drilling in known mineralized zones with exploration of new high-priority targets, including efforts to test continuity of mineralization between the McIntosh and Castle deposits, underscoring the company’s technical confidence in Eastside and its strategy to grow and upgrade resources at this district-scale asset.

The most recent analyst rating on (TSE:AUAU) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Allegiant Gold stock, see the TSE:AUAU Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
A2Gold Launches Largest-Ever 30,000-Metre Drill Program at Eastside Project
Positive
Jan 20, 2026

A2Gold Corp. has expanded its 2026 reverse circulation drill program at the Eastside Gold-Silver Project in Nevada from 18,000 metres to 30,000 metres, making it the largest drilling campaign in the company’s history. The enlarged program will focus on both advancing and expanding known mineralization at the McIntosh and Castle zones while allocating roughly two-thirds of the budget to high-impact exploration aimed at discovering new mineralized zones, including extensions of McIntosh and geophysical targets in the Range and Pediment areas. Management emphasizes that the fully funded program, backed by a strong balance sheet and led by a newly appointed vice president of exploration, is intended to position Eastside as a district-scale opportunity and potentially unlock significant additional resource upside for shareholders as drilling begins within weeks and results are reported over time.

The most recent analyst rating on (TSE:AUAU) stock is a Buy with a C$1.70 price target. To see the full list of analyst forecasts on Allegiant Gold stock, see the TSE:AUAU Stock Forecast page.

Business Operations and Strategy
A2Gold Extends High-Grade Mineralization at Eastside Ahead of Major Drill Program
Positive
Jan 15, 2026

A2Gold Corp. reported strong core drilling results from three holes at the McIntosh zone of its Eastside Gold–Silver Project in Nevada, highlighted by 2.9 g/t gold and 9.8 g/t silver over 20 metres in hole ES-331, including higher-grade sub-intervals, and additional mineralized intercepts in holes ES-337 and ES-338. The latest drilling extends known gold and silver mineralization roughly 70 metres deeper to about 480 metres vertical depth and confirms broad, laterally extensive and vertically continuous mineralized zones, which the company says de-risks the project, underpins its strategy of resource expansion through systematic in-fill and step-out drilling, and will feed into an upcoming NI 43-101 resource update and an 18,000-metre reverse-circulation drill campaign set to begin in mid-January 2026 focusing on resource growth and high-priority exploration targets.

The most recent analyst rating on (TSE:AUAU) stock is a Buy with a C$1.70 price target. To see the full list of analyst forecasts on Allegiant Gold stock, see the TSE:AUAU Stock Forecast page.

Business Operations and StrategyDelistings and Listing Changes
A2Gold Secures Frankfurt Listing to Court European Investors and Boost Liquidity
Positive
Jan 15, 2026

A2Gold Corp. has commenced trading on the Börse Frankfurt under the ticker RR7, adding a euro‑denominated listing to its existing TSX Venture Exchange and OTC markets and broadening access for European institutional and retail investors. Management positions the Frankfurt listing as a key step in its global capital markets strategy to enhance liquidity, increase visibility, and tap European demand for North American precious metals equities, which could support future financing and project advancement. In conjunction with the listing, the company granted 565,000 stock options and 1,120,000 restricted stock units to directors, officers and consultants, aligning management and key personnel with shareholders as A2Gold advances its Eastside Gold-Silver Project and broader Nevada portfolio.

The most recent analyst rating on (TSE:AUAU) stock is a Buy with a C$1.70 price target. To see the full list of analyst forecasts on Allegiant Gold stock, see the TSE:AUAU Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
A2Gold Strengthens Exploration Team With Appointment of John Marma as VP Exploration
Positive
Jan 5, 2026

A2Gold Corp. has appointed veteran geologist John Marma as Vice President of Exploration, strengthening its technical leadership as it advances its Nevada portfolio. Marma brings over two decades of mineral exploration, development and production experience, largely in Nevada, with a track record that includes key discoveries at the Midas Mine and senior roles at Hecla Mining, Klondex Mines, Newmont and most recently as CEO of White Pine Metals. Management highlighted that Marma’s expertise in epithermal, Carlin-type, orogenic and porphyry gold systems, combined with A2Gold’s strong treasury, will support aggressive exploration at its flagship Eastside project, including an 18,000-metre RC drill program, and could help unlock further growth opportunities and enhance the company’s position in the Nevada gold sector.

The most recent analyst rating on (TSE:AUAU) stock is a Buy with a C$1.70 price target. To see the full list of analyst forecasts on Allegiant Gold stock, see the TSE:AUAU Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
A2Gold Launches Warrant Incentive Program to Accelerate Capital Injection
Positive
Dec 29, 2025

A2Gold Corp. has launched a 30-day warrant exercise incentive program covering 10.5 million outstanding warrants issued in a September 2025 private placement, aiming to accelerate the conversion of these warrants into equity and strengthen its near-term balance sheet. Holders who exercise their warrants at $0.70 during the incentive window ending January 28, 2026 will receive one-third of an additional warrant for each exercised, with each full incentive warrant allowing the purchase of an extra common share at $1.00 for 12 months, subject to a standard hold period and final TSX Venture Exchange approval; the company also clarified that previously granted 250,000 stock options to Machai Capital Inc. carry a 15‑month expiry from the date of grant.

The most recent analyst rating on (TSE:AUAU) stock is a Buy with a C$1.70 price target. To see the full list of analyst forecasts on Allegiant Gold stock, see the TSE:AUAU Stock Forecast page.

Business Operations and Strategy
A2Gold Corp. Identifies New Drill Targets at Eastside Project
Positive
Nov 20, 2025

A2Gold Corp. has identified several high-priority drill targets from its comprehensive geophysical program at the Eastside Project in Nevada. This development suggests a larger potential mineralized system, which could significantly expand the project’s resource potential. The company plans to commence a substantial RC drilling program in early 2026, aiming to explore these targets further and update its resource estimates. This strategic move could enhance A2Gold’s positioning in the gold mining sector and offer promising opportunities for stakeholders.

The most recent analyst rating on (TSE:AUAU) stock is a Buy with a C$1.20 price target. To see the full list of analyst forecasts on Allegiant Gold stock, see the TSE:AUAU Stock Forecast page.

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.Date of analysis: Feb 04, 2026