Blue Star Gold Corp (BAU) AI Stock Analysis

• Market Cap: C$37.61M
• Dividend Yield: N/A
• Average Volume (3M): 59.03K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.27
• Revenue Growth: N/A
• EPS Growth: -268.72%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 160,029,460
• 10 Day Avg. Volume: 37,349
• 30 Day Avg. Volume: 59,033
• PEG Ratio: >-0.01
• Price to Book (P/B): 5.96
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.28
• 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$0.28 ▲(15.42% Upside)
• Action: Reiterated Date: 02/27/26
• Date: Action: Reiterated 02/27/26

The score is held down primarily by weak financial performance (pre-revenue, widening losses in 2025, and ongoing cash burn implying continued financing needs). Technicals provide partial support with the price above major moving averages and neutral momentum, while valuation offers limited help due to negative earnings and no dividend yield.

Positive Factors

Focused gold exploration in Nunavut

A clear strategic focus on gold properties in Nunavut establishes a defined project pipeline and geological optionality. For a junior explorer, concentrated, jurisdiction-specific assets improve ability to allocate capital, build project knowledge and advance targets toward development or monetization over the medium term.

Moderate leverage in latest year

Debt-to-equity around 0.55 in 2025 indicates relatively moderate leverage versus prior spikes, lowering immediate solvency strain. This improved capital structure reduces near-term default risk and gives management modest flexibility to fund continued exploration while they work to stabilize financing needs.

Cash burn reduced in 2025

Material reduction in 2025 cash outflows shows tangible improvement in cash management and lowers immediate financing pressure. While still pre-revenue, a sustained trend of lower burn enhances runway, increases chance to complete key exploration steps without urgent dilutive financings in the coming months.

Negative Factors

Pre-revenue explorer

Being pre-revenue means the company cannot self-fund operations or development from cash generated by assets. Long-term project advancement depends on external capital or asset sales, making the business highly financing-sensitive and reliant on capital markets or partners for progress.

Persistent negative cash flow

Consistent negative operating and free cash flow indicates the company lacks internal cash generation. Even with 2025 improvement, ongoing outflows mean recurring financing rounds or JV deals are likely, raising dilution risk and making multi-quarter project programs contingent on external funding availability.

Balance sheet contraction & financing risk

Substantial declines in equity and total assets alongside prior leverage spikes reflect shrinking capitalization and elevated financing risk. A contracting balance sheet constrains ability to support project escalation, increases reliance on external capital, and raises the probability of dilutive funding or asset sales.

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

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Blue Star Gold Corp Financial Statement Overview

Summary

Financials reflect a pre-revenue explorer with recurring losses and persistent negative operating and free cash flow. 2025 cash burn improved versus 2024, and latest leverage is moderate (debt-to-equity ~0.55), but profitability deteriorated in 2025 and the equity/asset base has contracted versus prior years, increasing financing risk.

Income Statement

The company reports no revenue across the provided annual periods, and profitability is consistently negative, with recurring operating losses and net losses. Losses widened meaningfully in 2025 (net loss of about 4.3M vs. near breakeven in 2024), indicating earnings volatility and limited operating leverage at this stage. A modest positive is that losses were smaller in some earlier years than 2025, but the overall profile remains pre-revenue and structurally unprofitable.

Balance Sheet

Leverage is mixed: debt-to-equity was low in 2021–2023, but it rose sharply in 2024 and improved again in 2025 (about 0.55), reflecting fluctuating capitalization and reliance on funding. Equity and total assets fell substantially from 2022–2023 levels to 2024–2025, suggesting balance sheet contraction. The balance sheet is not over-levered in the latest year, but the trend in equity/asset base and prior leverage spikes point to financing risk.

Cash Flow

Cash burn is persistent, with negative operating cash flow and negative free cash flow every year shown. 2025 improved versus 2024 (operating cash outflow reduced from about 6.9M to 3.3M, and free cash outflow improved to about 4.0M), but cash generation remains absent and funding needs likely continue. Free cash flow volatility (including very large outflows in 2020–2021) highlights execution and financing sensitivity typical of an early-stage resource company.

Breakdown	Nov 2025	Feb 2025	Feb 2024	Feb 2023	Feb 2022
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-267.41K	-305.83K	-104.00K	-157.00K	-168.00K
EBITDA	-3.66M	-7.32M	-2.38M	-1.94M	-2.88M
Net Income	-4.29M	-7.74K	-2.53M	-1.47M	-3.68M
Balance Sheet
Total Assets	7.18M	5.45M	32.66M	27.91M	23.75M
Cash, Cash Equivalents and Short-Term Investments	2.20M	845.87K	3.49M	1.06M	2.43M
Total Debt	2.29M	2.03M	1.88M	2.51M	2.43M
Total Liabilities	3.01M	3.65M	2.45M	2.86M	2.90M
Stockholders Equity	4.17M	1.79M	30.21M	25.05M	20.85M
Cash Flow
Free Cash Flow	-3.96M	-6.90M	-1.40M	-1.55M	-9.41M
Operating Cash Flow	-3.32M	-6.90M	-1.30M	-1.47M	-1.92M
Investing Cash Flow	-641.53K	0.00	-2.55M	-5.63M	-7.49M
Financing Cash Flow	5.31M	4.26M	6.29M	5.72M	11.72M

Blue Star Gold Corp Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.24
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BAU, the sentiment is Neutral. The current price of 0.24 is below the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.26, and above the 200-day MA of 0.20, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 39.59 is Neutral, neither overbought nor oversold. The STOCH value of 17.32 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$30.90M	52.27	27.05%	―	-100.00%	―
BAU	48 Neutral	C$37.61M	-5.80	-44.14%	―	―	-268.72%
KG	48 Neutral	C$55.85M	-29.03	-2.95%	―	―	-34.21%
VAU	48 Neutral	C$21.51M	-9.14	-144.44%	―	―	―
WG	45 Neutral	C$18.68M	-15.35	-16.82%	―	―	14.38%

Blue Star Gold Corp Corporate Events

Blue Star Quadruples Auma Footprint to Drive 2026 Drill Program in Nunavut

Blue Star Gold Corp. has dramatically expanded its Auma Property in Nunavut from 614 hectares to 11,794 hectares, consolidating a large, underexplored section of the High Lake Volcanic Belt. The enlarged land package now encompasses both Crown mineral claims and Inuit Owned Land, and captures stratigraphy considered prospective for orogenic gold and volcanogenic massive sulphide mineralization.

Historical work and 2025 surface exploration have outlined multiple high-grade gold zones, including grab samples exceeding 100 g/t gold and copper-gold showings at the Penny Lane prospect, while most mineralized trends remain untested at depth and along strike. Leveraging extensive historical and modern geophysical datasets, Blue Star is advancing Auma as a priority in its 2026 exploration program, with a phase-one diamond drill campaign targeting key gold zones and polymetallic targets in an effort to unlock broader district-scale potential.

The most recent analyst rating on (TSE:BAU) stock is a Hold with a C$0.19 price target. To see the full list of analyst forecasts on Blue Star Gold Corp stock, see the TSE:BAU Stock Forecast page.

Blue Star Gold Builds on Strong 2025 Results With Expanded 2026 Nunavut Exploration Push

Blue Star Gold is highlighting a strong 2025 exploration season in Nunavut’s High Lake Belt, where it expanded its Roma Project through staking the Avalliq Property, broadened the Roma agreement to include the Sand Lake copper-rich prospect, and generated multiple new high-grade gold and critical mineral targets through drilling, surface sampling and geophysical work. Building on these results, the company is rolling out a larger, discovery-focused 2026 program aimed at advancing priority gold and critical mineral prospects via ground geophysics, first-time drilling at the Auma Prospect, follow-up drilling at Nutaaq, continued work on the Ulu Fold gold corridor, and efforts to unlock further value from the Flood Zone Gold Deposit, underscoring its ambition to grow resources and strengthen its position as a key northern explorer.

The most recent analyst rating on (TSE:BAU) stock is a Hold with a C$0.19 price target. To see the full list of analyst forecasts on Blue Star Gold Corp stock, see the TSE:BAU Stock Forecast page.