Canagold Resources (CCM) AI Stock Analysis

• Market Cap: C$96.98M
• Dividend Yield: N/A
• Average Volume (3M): 59.49K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.64
• 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: 55 Neutral
• Price Target: C$0.51 ▲(10.22% Upside)

The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow), partially offset by a strong low-debt balance sheet. Technical indicators are supportive with price above key moving averages and positive MACD, while valuation remains unattractive due to a negative P/E and no dividend support.

Positive Factors

Low leverage

Very low debt-to-equity (~0.3% TTM) materially reduces refinancing and interest burden, giving Canagold flexibility to fund exploration and project advancement from its balance sheet. This lowers bankruptcy and liquidity risk and preserves optionality through commodity cycles.

Expanding asset base

Equity and total assets have grown materially versus 2020, strengthening the company’s capital foundation. A larger asset/equity base enhances capacity to finance exploration or development, reduces near-term dilution needs, and supports the multi-step timeline to advance New Polaris toward resource definition.

Project-stage gold asset

Owning the New Polaris project provides a clear, tangible development pathway typical of juniors: exploration, resource delineation, then permitting/development. Successful project advancement would create durable optionality to generate future revenues and transform the balance sheet into operating assets.

Negative Factors

No revenue / ongoing losses

The company reports no revenue and sustained operating losses, meaning it cannot self-fund operations. This structural lack of operating income forces reliance on external capital to continue exploration and development, increasing dilution risk and delaying a path to profitability.

Negative cash generation

Consistent negative operating cash flow and deeply negative free cash flow indicate ongoing cash burn to fund activities. Over a multi-month horizon this necessitates fresh financings to maintain operations, constraining exploration pacing and raising the prospect of dilutive capital raises if production is not achieved.

Negative return on equity

TTM ROE around -4.8% shows the firm is not converting its expanded equity base into profits. Low capital efficiency undermines investor confidence, makes organic funding difficult, and implies continued dependence on external capital to progress projects rather than internally generated returns.

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	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: Positive
• Last Price: 0.46
• 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 0.46 is below the 20-day moving average (MA) of 0.47, above the 50-day MA of 0.45, and above the 200-day MA of 0.42, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 59.74 is Neutral, neither overbought nor oversold. The STOCH value of 62.80 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
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CCM	55 Neutral	C$96.98M	-43.10	-4.63%	―	―	45.79%
TECT	48 Neutral	C$88.56M	-3.39	-174.89%	―	―	-48.84%
AE	48 Neutral	C$103.60M	-11.28	-48.84%	―	―	17.15%
GPAC	43 Neutral	C$60.92M	-3.70	-43.89%	―	―	―
AUAU	39 Underperform	C$87.52M	-20.18	-6.43%	―	―	-216.92%

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.

Canagold Strengthens Permitting Team with New VP Appointment

Canagold Resources Ltd. has appointed Collen Middleton as Vice President of Permitting and Compliance to enhance its permitting expertise and capacity. Middleton’s extensive experience in environmental consulting and regulatory permitting across western Canada will support the company’s commitment to advancing the New Polaris permitting process efficiently and engaging meaningfully with stakeholders.