Baru Gold (TSE:BARU)
:BARU
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Baru Gold
(BARU)
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Rating:43Neutral
Price Target:
C$0.04
▼(-35.00% Downside)
Action:ReiteratedDate:03/17/26
The score is driven primarily by weak financial performance (pre-revenue, widening losses, and rising cash burn) and a bearish technical setup (price below all major moving averages with negative MACD). Valuation provides limited offset because the negative P/E reflects ongoing losses and there is no dividend support.
Positive Factors
Clear gold development focus (Indonesia)
The company’s core model is advancing mining assets through exploration, permitting and development planning toward gold production. That focused upstream model aligns with long-term value creation for juniors: project advancement can convert exploration value into production cash flows if permitting and development succeed.
Negative Factors
Pre-revenue status
Being pre-revenue is a structural constraint: there are no operating cash inflows to fund development, meaning progress depends on external financing or partners. Until commercial production or a monetization event occurs, the business model has limited internal resilience and higher execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Clear gold development focus (Indonesia)
The company’s core model is advancing mining assets through exploration, permitting and development planning toward gold production. That focused upstream model aligns with long-term value creation for juniors: project advancement can convert exploration value into production cash flows if permitting and development succeed.
Read all positive factors
Baru Gold (BARU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$15.26M
Dividend YieldN/A
Average Volume (3M)416.95K
Price to Earnings (P/E)―
Beta (1Y)1.66
Revenue GrowthN/A
EPS Growth5.41%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding381,569,520
10 Day Avg. Volume538,692
30 Day Avg. Volume416,946
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)8.32
Price to Sales (P/S)0.00
P/FCF Ratio-52.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Baru Gold Business Overview & Revenue Model
Company Description
Baru Gold Corporation engages in the exploration and evaluation assets in Indonesia. The company holds a 70% interest in Sangihe gold-silver project located on the island of Sangihe covering an area of 42,000 hectares. It also holds interest in th...
How the Company Makes Money
Primary intended revenue generation is from mining and selling gold (and potentially associated by-products, if any are produced) from its Indonesian gold project(s). In a typical model for a gold developer/producer, earnings would come from (1) g...
Baru Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 7.03K | 0.00 |
| Gross Profit | -65.56K | -43.13K | -125.00K | -125.00K | -52.29K |
| EBITDA | -2.61M | -1.47M | -2.00M | -1.80M | -4.04M |
| Net Income | -3.26M | -2.30M | -3.28M | -2.30M | -4.07M |
Balance Sheet | |||||
| Total Assets | 11.86M | 9.70M | 9.40M | 8.20M | 6.55M |
| Cash, Cash Equivalents and Short-Term Investments | 885.90K | 48.33K | 38.11K | 511.37K | 1.93M |
| Total Debt | 3.15M | 2.69M | 1.95M | 1.63M | 10.01K |
| Total Liabilities | 8.97M | 8.41M | 6.89M | 3.14M | 1.43M |
| Stockholders Equity | 2.89M | 1.29M | 2.51M | 5.06M | 5.12M |
Cash Flow | |||||
| Free Cash Flow | -457.22K | -595.48K | -734.14K | -4.86M | -4.82M |
| Operating Cash Flow | -457.22K | -505.54K | -283.43K | -2.30M | -3.22M |
| Investing Cash Flow | -2.08M | -89.94K | -450.71K | -2.56M | -1.59M |
| Financing Cash Flow | 3.38M | 605.70K | 260.88K | 3.44M | 6.18M |
Baru Gold Technical Analysis
Negative
0.06
Price Trends
0.05
Negative
0.06
Negative
0.07
Negative
Market Momentum
>-0.01
Negative
38.22
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BARU, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.05, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 38.22 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BARU.
Baru 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% | |
52 Neutral | C$39.99M | -22.12 | -5.33% | ― | ― | ― | |
49 Neutral | C$45.90M | -34.62 | -7.05% | ― | ― | -52.00% | |
47 Neutral | C$25.27M | -3.15 | -446.15% | ― | ― | -58.16% | |
44 Neutral | C$30.16M | -13.82 | -7.17% | ― | ― | 34.69% | |
44 Neutral | C$24.09M | -12.63 | -144.44% | ― | ― | ― | |
43 Neutral | C$15.26M | -5.87 | -206.46% | ― | ― | 5.41% |
* Basic Materials Sector Average
TSE:BARU
Baru Gold
0.04
0.00
0.00%
TSE:PHNM
Phenom Resources Corp
0.34
0.10
41.67%
TSE:PUMA
Puma Exploration
0.15
0.08
114.29%
TSE:CANX
CANEX Metals
0.22
0.17
340.00%
TSE:VAU
Viva Gold
0.14
0.01
7.69%
TSE:KALO
Kalo Gold Holdings
0.22
0.01
7.50%
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.