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Eloro Resources
(TSX:ELO)
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Rating:43Neutral
Price Target:
C$2.00
▲(22.70% Upside)
Action:Reiterated
Date:07/01/26
The score is held down primarily by the lack of revenue, ongoing net losses, and continued cash burn, which make results highly dependent on external funding and project advancement. Technicals add further pressure with the stock trading below major moving averages. The balance sheet strength (very low debt and expanded equity) is a key stabilizer but not enough to offset weak operating fundamentals.
Positive Factors
Low Leverage / Strong Balance Sheet
Very low debt relative to equity provides durable financial flexibility for an exploration company, reducing default and interest-rate risk. This structural strength enables the firm to pursue multi-year drilling programs, negotiate joint ventures, and time financings from a position of stability.
Negative Factors
No Operating Revenue
Absence of operating revenue is a fundamental constraint: the business cannot self-fund exploration or development and remains entirely dependent on external capital. Over the medium term this increases dilution risk and makes project advancement contingent on successful financings or partner deals.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Balance Sheet
Very low debt relative to equity provides durable financial flexibility for an exploration company, reducing default and interest-rate risk. This structural strength enables the firm to pursue multi-year drilling programs, negotiate joint ventures, and time financings from a position of stability.
Read all positive factors
Eloro Resources (ELO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$245.32M
Dividend YieldN/A
Average Volume (3M)397.55K
Price to Earnings (P/E)―
Beta (1Y)2.91
Revenue GrowthN/A
EPS Growth-73.80%
CountryCA
Employees39
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.07
Shares Outstanding119,669,840
10 Day Avg. Volume273,850
30 Day Avg. Volume397,547
Financial Highlights & Ratios
PEG Ratio-0.36
Price to Book (P/B)2.14
Price to Sales (P/S)0.00
P/FCF Ratio-45.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.34
Revenue Forecast (FY)N/A
Eloro Resources Business Overview & Revenue Model
Company Description
Eloro Resources Ltd. specializes in the discovery and advancement of mineral resources. The company actively seeks out deposits containing a wide array of valuable commodities, such as gold, silver, iron ore, zinc, tin, lead, and lithium. A signif...
How the Company Makes Money
Eloro Resources does not have recurring operating revenue from mineral production because it is an exploration-stage company and, to the extent publicly available information indicates, it does not run producing mines. Its funding typically comes ...
Eloro Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
74
Positive
Cash Flow
18
Very Negative
| Breakdown | Mar 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -44.35K | -44.35K | -44.35K | -44.35K | -43.06K |
| EBITDA | -7.99M | -3.72M | -16.95M | -8.07M | -7.00M |
| Net Income | -8.04M | -3.77M | -17.01M | -7.99M | -7.11M |
Balance Sheet | |||||
| Total Assets | 96.81M | 59.46M | 59.36M | 58.49M | 37.90M |
| Cash, Cash Equivalents and Short-Term Investments | 25.26M | 624.23K | 4.06M | 8.83M | 9.45M |
| Total Debt | 39.08K | 88.18K | 133.95K | 176.59K | 216.27K |
| Total Liabilities | 1.65M | 1.35M | 2.45M | 1.87M | 1.24M |
| Stockholders Equity | 95.16M | 58.11M | 56.91M | 56.62M | 36.66M |
Cash Flow | |||||
| Free Cash Flow | -4.43M | -7.06M | -14.68M | -23.67M | -20.47M |
| Operating Cash Flow | -4.43M | -1.87M | -2.42M | -3.81M | -3.33M |
| Investing Cash Flow | -12.89M | -5.18M | -13.06M | -20.24M | -17.39M |
| Financing Cash Flow | 41.83M | 3.97M | 9.87M | 23.34M | 1.83M |
Eloro Resources Technical Analysis
Positive
1.63
Price Trends
1.79
Positive
1.92
Positive
2.12
Negative
Market Momentum
0.08
Negative
66.12
Neutral
93.66
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ELO, the sentiment is Positive. The current price of 1.63 is below the 20-day moving average (MA) of 1.77, below the 50-day MA of 1.79, and below the 200-day MA of 2.12, indicating a neutral trend. The MACD of 0.08 indicates Negative momentum. The RSI at 66.12 is Neutral, neither overbought nor oversold. The STOCH value of 93.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ELO.
Eloro 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% | |
57 Neutral | C$478.54M | -97.29 | -3.60% | ― | ― | -57.14% | |
53 Neutral | C$267.94M | -10.90 | -19.03% | ― | ― | 31.97% | |
48 Neutral | C$700.40M | -63.59 | -37.55% | ― | ― | ― | |
43 Neutral | C$245.32M | -26.04 | -10.31% | ― | ― | -73.80% |
* Basic Materials Sector Average
TSE:ELO
Eloro Resources
2.07
0.66
46.81%
TSE:BSX
Belo Sun Mining
1.24
0.98
367.92%
TSE:STLR
STLLR Gold
1.76
0.91
107.06%
TSE:WGO
White Gold
2.15
1.65
334.34%
TSE:CERT
Cerrado Gold
2.34
1.43
157.14%
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.