Canagold Resources (TSE:CCM)
TSX:CCM
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Canagold Resources
(TSX:CCM)
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Rating:49Neutral
Price Target:
C$0.59
▲(6.73% Upside)
Action:ReiteratedDate:01/21/26
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow), despite a low-debt balance sheet. Technicals add modest support due to a strong trend above moving averages, but overbought signals increase pullback risk. Valuation is also constrained by negative earnings and no provided dividend yield.
Positive Factors
Low Leverage / Strong Balance Sheet
Very low debt-to-equity (~0.3%) materially reduces refinancing and interest-rate pressure for an exploration company. This preserves financial optionality to pursue permitting, drilling or pre-development steps without immediate debt strain, supporting multi-month project advancement.
Negative Factors
No Revenue / Persistent Losses
Absence of operating revenue and recurring net losses mean the company cannot self-fund exploration or development. Continued losses increase the need for external capital, raising dilution risk and potentially delaying advancement milestones over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Balance Sheet
Very low debt-to-equity (~0.3%) materially reduces refinancing and interest-rate pressure for an exploration company. This preserves financial optionality to pursue permitting, drilling or pre-development steps without immediate debt strain, supporting multi-month project advancement.
Read all positive factors
Canagold Resources (CCM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$106.68M
Dividend YieldN/A
Average Volume (3M)59.49K
Price to Earnings (P/E)―
Beta (1Y)1.04
Revenue GrowthN/A
EPS Growth45.79%
CountryCA
Employees3
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding193,965,700
10 Day Avg. Volume93,411
30 Day Avg. Volume59,487
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)1.09
Price to Sales (P/S)0.00
P/FCF Ratio-5.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$1.20Price Target Upside118.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 i...
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 an...
Canagold Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
70
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -76.76K | 0.00 | 0.00 | -60.00K | -55.00K | -48.00K |
| EBITDA | -1.82M | -1.43M | -1.53M | -1.61M | -1.86M | -2.15M |
| Net Income | -1.51M | -1.12M | -3.05M | -2.71M | -1.83M | -1.71M |
Balance Sheet | ||||||
| Total Assets | 38.00M | 32.74M | 33.23M | 32.63M | 27.58M | 23.64M |
| Cash, Cash Equivalents and Short-Term Investments | 2.28M | 894.00K | 4.34M | 4.68M | 3.31M | 7.44M |
| Total Debt | 114.00K | 150.00K | 215.00K | 257.00K | 21.00K | 51.00K |
| Total Liabilities | 3.38M | 2.77M | 2.49M | 3.12M | 1.29M | 526.00K |
| Stockholders Equity | 34.62M | 29.98M | 30.74M | 29.51M | 26.29M | 23.11M |
Cash Flow | ||||||
| Free Cash Flow | -4.65M | -6.03M | -6.28M | -5.93M | -9.10M | -2.20M |
| Operating Cash Flow | -1.14M | -364.00K | -1.73M | -1.33M | -893.00K | -1.41M |
| Investing Cash Flow | -3.13M | -4.56M | -2.79M | -4.28M | -7.55M | -501.00K |
| Financing Cash Flow | 6.23M | 2.95M | 3.24M | 8.21M | 4.40M | 6.24M |
Canagold Resources Technical Analysis
Positive
0.55
Price Trends
0.59
Negative
0.53
Positive
0.48
Positive
Market Momentum
-0.01
Negative
51.91
Neutral
66.35
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 0.55 is below the 20-day moving average (MA) of 0.56, below the 50-day MA of 0.59, and above the 200-day MA of 0.48, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 51.91 is Neutral, neither overbought nor oversold. The STOCH value of 66.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CCM.
Canagold Resources Risk Analysis
Canagold Resources disclosed 1 risk factors in its most recent earnings report. Canagold Resources reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Canagold Resources 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% | |
54 Neutral | C$203.81M | -6.37 | -27.32% | ― | ― | 17.15% | |
49 Neutral | C$106.68M | -27.69 | -4.63% | ― | ― | 45.79% | |
47 Neutral | C$96.47M | -26.58 | -6.43% | ― | ― | -216.92% | |
46 Neutral | C$199.27M | -2.51 | -206.45% | ― | ― | -48.84% | |
43 Neutral | C$71.19M | -5.68 | -50.93% | ― | ― | ― |
* Basic Materials Sector Average
TSE:CCM
Canagold Resources
0.55
0.23
71.88%
TSE:AUAU
Allegiant Gold
0.93
0.67
257.69%
TSE:GPAC
Great Pacific Gold
0.47
0.10
25.68%
TSE:BLLG
Blue Lagoon Resources
0.78
0.43
119.72%
TSE:TECT
Tectonic Metals
2.25
1.75
350.00%
TSE:AE
American Eagle Gold
1.20
0.75
166.67%
Canagold Resources Corporate Events
Business Operations and Strategy
Canagold Strengthens Collaboration with Taku River Tlingit First Nation on New Polaris Mine
Positive
Nov 14, 2025
Canagold Resources Ltd. has announced a significant advancement in its collaboration with the Taku River Tlingit First Nation (TRTFN) regarding the New Polaris Mine project. This partnership is centered around ensuring that any mining activities w...
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.