Blue Star Gold Corp (BAU) AI Stock Analysis

• Market Cap: C$43.86M
• Dividend Yield: N/A
• Average Volume (3M): 59.03K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.62
• Revenue Growth: N/A
• EPS Growth: -268.72%
• Country: US
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 151,231,030
• 10 Day Avg. Volume: 37,349
• 30 Day Avg. Volume: 59,033
• PEG Ratio: 6.54
• Price to Book (P/B): 2.82
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.73
• 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: 48 Neutral
• Price Target: C$0.19 ▼(-21.67% Downside)

The score is held down primarily by weak financial performance (no revenue, ongoing losses, higher cash burn, and increased leverage/equity decline). Technicals are broadly neutral, offering limited near-term support, while valuation metrics remain unfavorable due to losses. Offsetting these, recent financings and exploration/project updates are positive for funding continuity and asset advancement.

Positive Factors

Exploration Advancements

Advancements in the Flood Zone deposit suggest potential resource expansion, which could strengthen Blue Star's market position and long-term growth prospects.

Strategic Financing

The $3.5 million private placement aims to improve financial stability and support exploration activities, potentially enhancing Blue Star's ability to execute its strategic goals.

New Exploration Targets

New exploration targets at the Axis prospect could lead to significant discoveries, bolstering Blue Star's exploration success and competitive positioning in the industry.

Negative Factors

High Leverage

High leverage poses financial risks, potentially limiting Blue Star's ability to invest in growth opportunities and affecting long-term financial stability.

Negative Cash Flow

Negative cash flow highlights liquidity risks and may constrain Blue Star's operational flexibility, impacting its ability to sustain exploration activities over time.

Revenue Absence

The lack of revenue generation underscores challenges in achieving profitability, which could hinder Blue Star's ability to fund future growth and exploration efforts.

Blue Star Gold Corp Business Overview & Revenue Model

Company Description

Blue Star Gold Corp. acquisition and exploration of mineral properties in Canada. It explores for gold and silver deposits. The company owns a 100% interest in the Hood River property covering an area of approximately 8,015 hectares located in Nunavut, Canada. It also holds interest in the Ulu property that covers an area of 947 hectares located in western Nunavut; and the Roma Project that consists of 9 mineral claims covering an area of 7,683 hectares located in the High Lake Greenstone Belt. The company was formerly known as WPC Resources Inc. and changed its name to Blue Star Gold Corp. in January 2019. Blue Star Gold Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Blue Star Gold Corp makes money primarily through the discovery, development, and eventual production of gold resources from its exploration projects. The company generates revenue by identifying promising mineral deposits and advancing these projects towards production, which can result in the sale of gold or related minerals. Additionally, Blue Star Gold may enter into joint ventures or strategic partnerships with other mining companies to share resources, reduce risks, and enhance the development of its projects. The company's earnings can also be influenced by fluctuations in gold prices, exploration success, and efficient cost management.

Blue Star Gold Corp Financial Statement Overview

Summary

Very weak fundamentals for a pre-revenue explorer: no revenue, persistent losses, and sustained negative operating/free cash flow. 2024 shows notably higher cash burn and a weaker balance sheet with materially higher leverage and reduced equity, increasing financing risk.

Income Statement

The company reports no revenue across the period provided, consistent with a pre-production explorer. Profitability remains structurally weak with recurring losses (net income negative in every year). The latest year (2024) shows a much smaller net loss than 2023, but cash-based earnings power looks worse as EBITDA swings to a deeply negative level, highlighting elevated operating costs and limited operating leverage until revenue begins.

Balance Sheet

Leverage has increased materially: debt-to-equity moves from low levels in 2021–2023 to above 1.0 in 2024, driven by a sharp drop in equity alongside higher debt. Total assets also decline significantly versus 2023, suggesting a weaker capital base. Returns on equity are negative throughout, reflecting ongoing losses and limited value creation at the current stage, which raises financing risk if losses persist.

Cash Flow

Cash generation is a key weak point: operating cash flow and free cash flow are negative every year, indicating sustained cash burn. The latest year (2024) shows a major deterioration in operating and free cash flow versus 2023, implying a higher near-term funding requirement. While free cash flow versus net income can look superficially supportive in some years, the core issue is that both earnings and cash flows are negative, leaving the business dependent on external capital.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-76.88K	-305.83K	-104.00K	-157.00K	-168.00K	-29.59K
EBITDA	-1.46M	-7.32M	-2.38M	-1.94M	-2.88M	-1.72M
Net Income	-1.97M	-7.74K	-2.53M	-1.47M	-3.68M	-2.58M
Balance Sheet
Total Assets	7.84M	5.45M	32.66M	27.91M	23.75M	14.78M
Cash, Cash Equivalents and Short-Term Investments	2.44M	845.87K	3.49M	1.06M	2.43M	128.04K
Total Debt	2.16M	2.03M	1.88M	2.51M	2.43M	7.44M
Total Liabilities	2.87M	3.65M	2.45M	2.86M	2.90M	8.57M
Stockholders Equity	4.97M	1.79M	30.21M	25.05M	20.85M	6.21M
Cash Flow
Free Cash Flow	-2.46M	-6.90M	-1.40M	-1.55M	-9.41M	-9.79M
Operating Cash Flow	-1.82M	-6.90M	-1.30M	-1.47M	-1.92M	-1.99M
Investing Cash Flow	-636.90K	0.00	-2.55M	-5.63M	-7.49M	-7.99M
Financing Cash Flow	4.05M	4.26M	6.29M	5.72M	11.72M	10.01M

Blue Star Gold Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.24
• 50DMA: Positive
• 100DMA: Positive
• 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:BAU, the sentiment is Positive. The current price of 0.24 is below the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.21, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 59.64 is Neutral, neither overbought nor oversold. The STOCH value of 79.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BAU.

Blue Star 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%
YRB	57 Neutral	C$30.00M	3.33	31.09%	―	-100.00%	―
KG	49 Neutral	C$34.22M	-26.47	-3.40%	―	―	-34.21%
BAU	48 Neutral	C$43.86M	-3.73	-44.14%	―	―	-268.72%
WG	47 Neutral	C$28.76M	-10.00	-16.82%	―	―	14.38%

Blue Star Gold Corp Corporate Events

Blue Star Gold Corp Closes $600,000 Private Placement to Fund Nunavut Exploration

Blue Star Gold Corp has successfully closed a non-brokered private placement, raising $600,000 through the issuance of 3,000,000 flow-through common shares. The proceeds will be used for Canadian exploration expenses on its projects in Nunavut and for general working capital. This financial move supports Blue Star’s ongoing exploration efforts in the region, potentially enhancing its resource growth and strengthening its position in the mineral exploration industry.

Blue Star Gold Secures $600,000 in Private Placement to Boost Exploration

Blue Star Gold Corp. has successfully closed a non-brokered private placement, raising $600,000 through the issuance of 3,000,000 flow-through common shares. The proceeds will be used for Canadian exploration expenses on its Nunavut projects and for general working capital. This financial move is expected to bolster the company’s exploration activities and enhance its positioning within the mineral exploration industry, potentially benefiting stakeholders through increased resource development and future growth opportunities.

Blue Star Gold Corp. Announces $600,000 Private Placement for Exploration

Blue Star Gold Corp. announced a non-brokered private placement to raise up to $600,000 through the issuance of 3,000,000 flow-through common shares at $0.20 each. The proceeds will be used for Canadian exploration expenses on its Nunavut projects and for general working capital. This move is expected to enhance Blue Star’s exploration capabilities and strengthen its position in the mineral exploration industry.

Blue Star Gold Completes $1.35M Private Placement for Exploration

Blue Star Gold Corp. has completed the final tranche of its non-brokered private placement, raising a total of $1,350,000. The funds will be used for Canadian exploration expenses on its projects in Nunavut and for general working capital. The issuance of 400,000 flow-through common shares at $0.25 each concluded this phase, with securities subject to a four-month hold period. This strategic financial move supports Blue Star’s exploration initiatives and strengthens its market position in the mineral exploration industry.

Blue Star Gold Expands Roma Project with Sand Lake Acquisition

Blue Star Gold Corp has expanded its Roma Project to include the Sand Lake prospect, a copper-rich VMS target with significant historical drill results. This strategic acquisition enhances Blue Star’s critical mineral portfolio and logistical capabilities in the region, providing a strong foundation for future exploration and potential development. The Sand Lake prospect, located near existing infrastructure, will be integrated into Blue Star’s 2026 exploration program, which aims to further evaluate the area’s mineral potential.

Blue Star Gold Unveils Promising Targets in Nunavut with New Geophysical Data

Blue Star Gold Corp has announced the acquisition of new high-resolution airborne geophysical data from its Roma Project, highlighting several promising critical mineral targets. The survey data has identified multiple electromagnetic anomalies near the High Lake deposit, indicating potential extensions of known mineralized zones. This development could enhance Blue Star’s exploration efforts and strengthen its position in the mineral exploration industry.

Blue Star Gold Closes First Tranche of Private Placement, Raises $1.25 Million

Blue Star Gold Corp. has successfully closed the first tranche of its non-brokered private placement, raising $1,250,000 through the issuance of 5,000,000 flow-through common shares priced at $0.25 each. The proceeds will be used for Canadian exploration expenses on its Nunavut projects and general working capital. This strategic financial move aims to bolster Blue Star’s exploration activities and strengthen its position in the mineral exploration industry. The private placement is pending final approval from the TSX Venture Exchange.

Blue Star Gold Corp Announces $1.5M Private Placement for Exploration

Blue Star Gold Corp has announced a non-brokered private placement aiming to raise $1.5 million through the issuance of 6,000,000 flow-through common shares at $0.25 per share. The proceeds will be used for Canadian exploration expenses on its Nunavut projects and for general working capital, potentially enhancing the company’s resource growth and exploration capabilities.

Blue Star Gold Unveils Promising Exploration Results at Ulu Project

Blue Star Gold Corp has announced the final results of its exploration program at the Ulu Project in Nunavut, revealing high-grade gold mineralization in the Flood Zone. The program involved mechanical stripping and channel sampling, uncovering significant gold grades at the surface, which supports the potential for future exploration and development. The findings are expected to enhance the company’s resource expansion efforts and provide more confidence in planning deeper drilling operations.

Blue Star Gold Completes Final Share Issuance Under Loan Agreement

Blue Star Gold Corp. has completed the third and final tranche of issuing 98,452 common shares at $0.37 per share as part of a loan agreement with Dr. Georg Pollert, a director and controlling shareholder. This issuance is part of a related party transaction involving a loan of $2,537,434, with the shares serving as a loan bonus payable in three tranches. The transaction is exempt from formal valuation and minority shareholder approval due to its value being less than 25% of the company’s market capitalization.

Blue Star Gold Corp. Grants Incentive Stock Options

Blue Star Gold Corp. has announced the granting of incentive stock options to purchase 3,200,000 common shares at a price of $0.245 per share for a period of five years. This move is aimed at directors, officers, consultants, and employees, aligning with the company’s stock option plan. The announcement reflects Blue Star’s strategic efforts to incentivize key stakeholders, potentially enhancing its operational capabilities and market positioning.