Big Ridge Gold (BRAU) AI Stock Analysis

• Market Cap: C$85.38M
• Dividend Yield: N/A
• Average Volume (3M): 400.11K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.06
• Revenue Growth: N/A
• EPS Growth: 60.96%
• Country: CA
• Employees: 2
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 279,934,450
• 10 Day Avg. Volume: 455,725
• 30 Day Avg. Volume: 400,109
• PEG Ratio: 0.15
• Price to Book (P/B): 4.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -13.66
• 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: 54 Neutral
• Price Target: C$0.33 ▲(81.11% Upside)

The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and continued cash burn), partially offset by a low-debt balance sheet with positive equity. Technicals are a key support, with strong upward trend and positive MACD, though momentum appears stretched (RSI > 70). Valuation is also pressured because the company is loss-making and provides no dividend yield.

Positive Factors

Low leverage / positive equity

A lightly levered balance sheet with ~10.7M of equity reduces near-term solvency risk and gives management flexibility. This durable strength supports ongoing exploration and funding options, lowering immediate refinancing pressure and improving the company’s staying power.

Improving loss trajectory

The consistent narrowing of net losses over multiple years indicates improving cost discipline and operational control. This structural trend reduces future cash needs, improves run-rate economics, and increases the likelihood management can stretch available capital until revenue generation begins.

Very small workforce

A minimal headcount materially lowers fixed overhead and conserves cash, extending runway between financings. For an early-stage gold explorer, maintaining low ongoing payroll expense is a durable way to preserve capital while focusing spend on priority programs.

Negative Factors

Pre-revenue operations

Being pre-revenue leaves the company dependent on capital markets for operational continuity and prevents visibility into scalable margins. Without recurring revenue, long-term profitability hinges on successful project monetization or recurring financing, increasing strategic execution risk.

Negative operating and free cash flow

Sustained negative operating and free cash flow (~-1.77M TTM) creates ongoing funding needs and heightens reliance on external financing. This structural cash burn can lead to dilution or constrained investment in value-driving activities if access to capital tightens over the medium term.

Weak returns and equity volatility

A deeply negative ROE and volatile equity base reflect persistent losses and past balance-sheet changes that erode shareholder value. Over time this undermines investor confidence and raises the bar for future profitability required to restore durable shareholder returns.

Big Ridge Gold Business Overview & Revenue Model

Company Description

Big Ridge Gold (BRAU) is a mining company primarily engaged in the exploration and development of gold properties in Canada. The company focuses on identifying, acquiring, and advancing mineral properties with significant potential for gold production. Big Ridge Gold's core services include geological exploration, mine development, and gold extraction, positioning itself within the metals and mining sector.

How the Company Makes Money

Big Ridge Gold makes money through the discovery, extraction, and sale of gold from its mining operations. The company's revenue model is primarily based on the sale of gold extracted from its properties. Key revenue streams include the sale of gold to refineries and traders, who then distribute the product to various markets, including jewelry manufacturers, technology companies, and investors. The company may also engage in joint ventures and partnerships to enhance its exploration and production capabilities, which can contribute to its earnings by sharing costs and risks associated with mining operations.

Big Ridge Gold Financial Statement Overview

Summary

Pre-revenue with continued TTM net losses (~2.1M) and negative operating/FCF (OCF/FCF about -1.77M) keeps fundamentals weak. Positives include improving loss/burn versus prior years and a low-debt balance sheet with positive equity (~10.7M), which reduces near-term solvency risk.

Income Statement

TTM (Trailing-Twelve-Months) results show no revenue and continued losses (net loss about 2.1M), which keeps profitability weak and limits visibility on operating leverage. Losses have narrowed versus prior annual periods (e.g., 2024 net loss ~4.8M and 2022 ~12.7M), suggesting better cost control, but the business is still pre-revenue with negative gross profit and negative operating earnings.

Balance Sheet

The balance sheet is lightly levered with essentially no debt and a low debt-to-equity level in the latest period, which reduces financial risk. Equity remains positive (~10.7M TTM), supporting staying power, but returns to shareholders are deeply negative (TTM return on equity around -56%) due to ongoing losses, and equity has fluctuated materially across years.

Cash Flow

Cash generation remains a key pressure point: operating cash flow and free cash flow are negative in TTM (about -1.77M), indicating ongoing cash burn to sustain operations. The burn rate has improved versus 2022–2024 (when outflows were substantially larger), and free cash flow broadly tracks reported losses, but the company is still reliant on financing/asset funding until revenue ramps.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-106.30K	-119.97K	-139.00K	-87.69K	-56.65K	-1.46K
EBITDA	-1.99M	-2.04M	-4.56M	-3.41M	-12.56M	-405.54K
Net Income	-2.14M	-2.32M	-4.81M	-3.68M	-12.72M	-913.00K
Balance Sheet
Total Assets	11.68M	6.17M	6.48M	5.43M	6.23M	12.95M
Cash, Cash Equivalents and Short-Term Investments	1.36M	211.68K	383.01K	95.88K	2.07M	8.83M
Total Debt	0.00	0.00	40.91K	0.00	0.00	0.00
Total Liabilities	986.91K	899.36K	513.00K	641.73K	2.23M	185.30K
Stockholders Equity	10.69M	5.27M	5.96M	4.79M	4.00M	12.77M
Cash Flow
Free Cash Flow	-1.77M	-1.55M	-3.49M	-4.41M	-9.89M	-926.72K
Operating Cash Flow	-1.77M	-1.52M	-3.47M	-4.40M	-9.32M	-925.26K
Investing Cash Flow	-3.00M	-24.08K	-10.20K	196.74K	-566.07K	-40.59K
Financing Cash Flow	4.91M	1.38M	3.77M	2.32M	3.57M	9.12M

Big Ridge Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.18
• 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:BRAU, the sentiment is Positive. The current price of 0.18 is below the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.25, and above the 200-day MA of 0.17, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 56.36 is Neutral, neither overbought nor oversold. The STOCH value of 64.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BRAU.

Big Ridge Gold 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%
BRAU	54 Neutral	C$85.38M	-34.27	-24.87%	―	―	60.96%
ANK	51 Neutral	C$70.94M	-16.99	-351.37%	―	―	-379.07%
RYR	50 Neutral	C$63.77M	-10.91	-71.61%	―	―	53.78%
IVS	45 Neutral	C$68.79M	-22.45	-3699.15%	―	―	-2000.00%
GPG	43 Neutral	C$63.75M	-53.85	-4.42%	―	―	7.14%
ROS	39 Underperform	C$67.97M	-23.85	―	―	―	22.62%

Big Ridge Gold Corporate Events

Big Ridge Gold Sets 2026 Milestones as Hope Brook PEA Advances and Destiny Drilling Progresses

Big Ridge Gold Corp. outlined key milestones for 2026, including completion of a Preliminary Economic Assessment for the Hope Brook Gold Project, finalization of metallurgical test work, and production of concentrate samples for potential offtake partners. The company is leveraging historical and recent test work showing high-grade copper-gold concentrates and emphasizing Hope Brook’s strategic tidewater location, which it expects will enhance interest from traders and support future project financing. Big Ridge also highlighted ongoing drilling at the Destiny Gold Project through its partner Caprock Mining, with initial assay results expected in the first quarter of 2026, and plans for increased investor engagement through upcoming conferences and showcases, signaling an effort to raise its profile and advance both projects toward potential development decisions.

The most recent analyst rating on (TSE:BRAU) stock is a Hold with a C$0.28 price target. To see the full list of analyst forecasts on Big Ridge Gold stock, see the TSE:BRAU Stock Forecast page.

Big Ridge Gold Wins Shareholder Backing for Directors and Amended Stock Option Plan

Big Ridge Gold Corp. reported that shareholders approved all resolutions at its annual and special meeting on December 23, 2025, including the re-election of its five directors, the reappointment of its auditor, and the adoption of an amended and restated share option plan. The updated rolling stock option plan, which reserves up to 10% of the company’s outstanding shares for equity-based incentives and aligns with TSX Venture Exchange policy, is intended to support director, officer, employee and consultant compensation, pending final exchange approval, reinforcing Big Ridge’s ability to attract and retain talent as it advances its Canadian gold projects.

Big Ridge Gold Advances Hope Brook and Destiny Projects

Big Ridge Gold Corp has consolidated 100% ownership of the Hope Brook Gold Project and is conducting a Preliminary Economic Assessment, expecting positive outcomes due to the project’s high-grade resources and strategic location. Additionally, the company is producing high-quality copper-gold concentrate samples for potential marketing and offtake agreements, while its partner Caprock Mining has initiated a Phase I drill program at the Destiny Gold Project, targeting high-grade mineralization.