Canagold Resources (CCM) AI Stock Analysis

• Market Cap: C$71.78M
• Dividend Yield: N/A
• Average Volume (3M): 21.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.53
• Revenue Growth: N/A
• EPS Growth: 24.91%
• Country: CA
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 184,056,340
• 10 Day Avg. Volume: 18,140
• 30 Day Avg. Volume: 20,998
• PEG Ratio: 0.96
• Price to Book (P/B): 0.64
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.75
• Enterprise Value/Market Cap: 0.13
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -118.06
• Enterprise Value/Ebitda: -1.33
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 43 Neutral
• Price Target: ―

Canagold Resources faces significant financial challenges due to its pre-revenue status, reflected in low financial performance scores. Technical indicators show a positive trend, but valuation metrics remain unattractive. The recent corporate milestone provides a positive outlook for future development, slightly bolstering the overall score.

Canagold Resources Business Overview & Revenue Model

Company Description

Canagold Resources Ltd. engages in the acquisition, exploration, and development of precious metal properties in the United States and Canada. The company explores for gold, silver, and copper deposits. Its flagship property is its 100% interest in the New Polaris gold mine project that consist of 61 mineral claims and 1 grid claim covering an area of approximately 2,956 acres located at Tulsequah River Valley. The company was formerly known as Canarc Resource Corp. and changed its name to Canagold Resources Ltd. in December 2020.Canagold Resources Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Canagold Resources generates revenue primarily through the exploration and development of mineral properties, with a focus on gold. The company's revenue model is centered on increasing the value of its mining assets through exploration success and advancing projects towards production, which can lead to potential sales of mineral resources or partnerships with larger mining companies. Significant factors contributing to its earnings include successful drilling results that increase resource estimates, joint ventures, and strategic partnerships that provide funding and share exploration risks. Additionally, Canagold may raise capital through equity financing to fund its exploration and development activities, which in turn supports its long-term goal of transitioning from an explorer to a producer.

Canagold Resources Financial Statement Overview

Summary

Canagold Resources is in a development stage with no revenue generation, resulting in ongoing operational losses. Despite a strong equity base and low leverage risk, the company faces significant cash flow management challenges.

Income Statement

The company has consistently reported zero revenue over the years, reflecting its pre-revenue status typical in the mining industry. This results in negative gross profit and net income, indicating ongoing operational losses without any top-line income. The absence of revenue growth and persistent negative margins highlight significant challenges in achieving profitability.

Balance Sheet

The balance sheet shows a strong equity base with low levels of debt, as evidenced by a favorable debt-to-equity ratio. This implies a low financial leverage risk. However, the lack of revenue generation raises concerns about long-term sustainability despite the currently strong equity position.

Cash Flow

Operating cash flows remain negative, reflecting the company's ongoing cash burn without corresponding revenue. The large capital expenditures indicate investments in potential growth, but free cash flow remains negative, underscoring liquidity challenges. Positive financing cash flow suggests reliance on external funding.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	-60.00K	-55.00K	-48.00K
	EBIT
-1.46M	-1.63M	-2.25M	-2.36M	-1.58M
	EBITDA
-1.43M	-1.53M	-2.19M	-2.30M	-1.53M
	Net Income Common Stockholders
-1.12M	-3.05M	-2.71M	-1.83M	-1.71M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
894.00K	4.34M	4.68M	3.31M	7.44M
	Total Assets
32.74M	33.23M	32.63M	27.58M	23.64M
	Total Debt
150.00K	215.00K	257.00K	21.00K	51.00K
	Net Debt
-526.00K	-2.60M	-3.57M	-1.99M	-6.07M
	Total Liabilities
2.77M	2.49M	3.12M	1.29M	526.00K
	Stockholders Equity
29.98M	30.74M	29.51M	26.29M	23.11M
Cash Flow		Free Cash Flow
-6.03M	-6.28M	-5.93M	-9.10M	-2.20M
	Operating Cash Flow
-364.00K	-1.73M	-1.33M	-893.00K	-1.41M
	Investing Cash Flow
-4.56M	-2.79M	-4.28M	-7.55M	-501.00K
	Financing Cash Flow
2.95M	3.24M	8.21M	4.40M	6.24M

Canagold Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.38
• 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:CCM, the sentiment is Positive. The current price of 0.38 is above the 20-day moving average (MA) of 0.38, above the 50-day MA of 0.36, and above the 200-day MA of 0.33, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.70 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CCM.

Canagold Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SOMA	70 Outperform	C$121.81M	17.05	40.43%	―	15.89%	426.28%
Sector *	51 Neutral	$2.04B	-1.21	-21.10%	3.95%	2.90%	-30.45%
CCM	43 Neutral	C$71.78M	―	-4.68%	―	―	24.91%
WVM	43 Neutral	C$75.39M	―	-6.14%	―	―	-54.14%
OMI		£27.95M	―		―	―	―
WHGOF		$36.98M	―	-2.14%	―	―	―
CRDOF		$70.56M	14.86	11.46%	―	―	―

Canagold Resources Corporate Events

Canagold Advances New Polaris Project with Key Permitting Milestone

Canagold Resources Ltd. has achieved a significant milestone in the permitting process for its New Polaris Project in British Columbia, as it has received a process order from the British Columbia Environmental Assessment Office. This order allows the project to move to the Application Development and Review phase of the Environmental Assessment, a critical step in advancing the project. Canagold emphasizes its commitment to responsible mining practices and collaboration with Indigenous Nations and stakeholders, as it aims to develop the New Polaris Project into a sustainable gold mining operation.

Canagold Uncovers Antimony Potential at New Polaris, Enhancing Project Value

Canagold Resources Ltd. has identified significant antimony mineralization at its New Polaris Gold Project, alongside its gold resources. This discovery could enhance the project’s value given the rising demand and prices for antimony, driven by global supply constraints and its classification as a critical mineral. The potential for antimony production will be integrated with existing gold plans without affecting current timelines, supported by promising metallurgical test results showing high recovery rates of antimony in concentrates.