Canagold Resources (CCM) AI Stock Analysis

• Market Cap: C$112.50M
• Dividend Yield: N/A
• Average Volume (3M): 59.49K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.83
• Revenue Growth: N/A
• EPS Growth: 45.79%
• Country: CA
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 193,965,700
• 10 Day Avg. Volume: 93,411
• 30 Day Avg. Volume: 59,487
• PEG Ratio: 0.42
• Price to Book (P/B): 1.09
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.40
• 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: 49 Neutral
• Price Target: C$0.59 ▲(27.61% Upside)

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.

Expanded Equity Base / Asset Base

A materially larger equity and asset base versus prior years strengthens the company's capacity to fund exploration and development steps from balance sheet resources or as equity collateral, lowering near-term dilution needs and improving credibility with partners and lenders.

Focused Project Pipeline

Concentration on the New Polaris project gives the company a clear strategic focus and a single, scalable value driver. A focused business model simplifies capital allocation and allows management to prioritize resource definition and de-risking activities over the coming months.

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.

Negative Cash Flow / Ongoing Cash Burn

Sustained negative operating and free cash flow indicates a funding gap to sustain operations and project work. Reliance on balance sheet resources or capital markets for months ahead elevates execution risk and timing uncertainty for permitting, drilling, or pre-development activity.

Very Small Operating Scale

A three-person headcount signals limited internal capability to execute complex permitting, engineering or development programs. Heavy reliance on external contractors or partners increases execution and coordination risk, potentially slowing project delivery over the next several months.

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

Operating fundamentals are weak with no reported revenue and persistent losses; cash flow is also negative with ongoing cash burn (TTM operating cash flow -1.14M; TTM free cash flow -4.65M). The key offset is a relatively strong balance sheet with very low leverage (debt-to-equity ~0.3%) and a meaningful equity base, reducing near-term financial stress.

Income Statement

Results remain structurally weak with no reported revenue across annual periods and TTM (Trailing-Twelve-Months), alongside persistent operating losses. Losses have narrowed at times (net loss improved from -3.05M in 2023 to -1.12M in 2024), but TTM (Trailing-Twelve-Months) net loss re-widened to -1.73M, indicating profitability is still not stabilizing. With negative gross profit in some periods and ongoing negative EBIT/EBITDA, the income statement profile reflects an early-stage/resource company still in a heavy spend phase rather than an earnings-generating operation.

Balance Sheet

The balance sheet is a relative strength: leverage is very low with minimal debt versus equity (debt-to-equity ~0.3% in TTM (Trailing-Twelve-Months)), which reduces financial risk and refinancing pressure. Equity has also expanded meaningfully versus earlier years (about 48.2M in TTM (Trailing-Twelve-Months) vs ~23.1M in 2020), supporting the asset base (TTM total assets ~52.9M). The key weakness is continued negative returns on equity (TTM roughly -4.8%), reflecting that the company is not yet converting its capital base into profits.

Cash Flow

Cash generation is a concern: operating cash flow is consistently negative (TTM (Trailing-Twelve-Months) -1.14M) and free cash flow is deeply negative (TTM -4.65M), implying ongoing cash burn to fund the business. Free cash flow has also deteriorated versus 2024 (decline of about 15.8% in TTM (Trailing-Twelve-Months)). While annual operating cash flow improved notably in 2024 versus 2023, the business still relies on external funding or balance sheet resources to sustain operations given the lack of positive operating cash flow.

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	-84.17K	0.00	0.00	-60.00K	-55.00K	-48.00K
EBITDA	-1.97M	-1.43M	-1.53M	-1.61M	-1.86M	-2.15M
Net Income	-1.73M	-1.12M	-3.05M	-2.71M	-1.83M	-1.71M
Balance Sheet
Total Assets	52.88M	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	158.62K	150.00K	215.00K	257.00K	21.00K	51.00K
Total Liabilities	4.71M	2.77M	2.49M	3.12M	1.29M	526.00K
Stockholders Equity	48.17M	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

• Technical Analysis Sentiment: Neutral
• Last Price: 0.46
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 Neutral. The current price of 0.46 is below the 20-day moving average (MA) of 0.61, below the 50-day MA of 0.52, and above the 200-day MA of 0.45, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 48.12 is Neutral, neither overbought nor oversold. The STOCH value of 29.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:CCM.

Canagold Resources 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%
AUAU	57 Neutral	C$132.23M	-32.37	-6.43%	―	―	-216.92%
AE	54 Neutral	C$123.99M	-12.75	-48.84%	―	―	17.15%
TECT	52 Neutral	C$259.49M	-7.97	-174.89%	―	―	-48.84%
CCM	49 Neutral	C$112.50M	-49.14	-4.63%	―	―	45.79%
GPAC	43 Neutral	C$62.45M	-3.60	-43.89%	―	―	―

Canagold Resources Corporate Events

Canagold Strengthens Collaboration with Taku River Tlingit First Nation on New Polaris Mine

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 within TRTFN’s traditional territory are conducted in accordance with TRTFN’s values, laws, and responsibilities. The TRTFN has acknowledged Canagold’s commitment to transparency, accountability, and environmental protection, marking a positive step towards responsible economic development that respects TRTFN’s constitutionally protected Aboriginal Title and Rights.