GFG Resources (GFG) AI Stock Analysis

• Market Cap: C$48.40M
• Dividend Yield: N/A
• Average Volume (3M): 166.89K
• Price to Earnings (P/E): 29.8
• Beta (1Y): 0.57
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 302,489,750
• 10 Day Avg. Volume: 305,593
• 30 Day Avg. Volume: 166,891
• PEG Ratio: -0.14
• Price to Book (P/B): 1.08
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.02
• 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: 52 Neutral
• Price Target: C$0.16 ▲(1.25% Upside)

The score is held back primarily by weak operating and cash-flow performance (no revenue and ongoing cash burn), partially offset by a strong low-leverage balance sheet and supportive recent corporate events (financing, asset sale, and positive exploration updates). Technicals and valuation appear broadly neutral.

Positive Factors

Low-Leverage Balance Sheet

Exceptionally low leverage provides durable financial flexibility for an exploration company. It lowers bankruptcy and interest-rate risk, makes future equity or JV financing less onerous, and allows management to fund exploration and transact from a position of strength over the next 2–6 months.

Constructive Corporate Events

Recent asset monetization, liability transfers and financings materially extend runway and reduce near-term funding pressure. Strategic investor involvement improves access to capital and potential partner alignment, supporting sustained exploration activity and value realization over the medium term.

Exploration Upside / Positive Drilling

Confirmatory drill results increase the likelihood of resource discovery and raise project economics, which are core drivers of long-term value for an explorer. Successful technical outcomes attract JV partners, non-dilutive funding, and raise chances of monetization over a 2–6 month development horizon.

Negative Factors

Pre-Revenue Business Model

Being pre-revenue means the company lacks operating cash inflows and must rely on financing or asset transactions to fund activity. This structural absence of revenue makes profitability and cash sustainability contingent on successful project milestones or capital markets access.

Persistent Negative Cash Flow

Consistently negative operating and free cash flow create a durable funding gap that forces repeated reliance on external financings. This elevates dilution risk, constrains the pace of exploration if markets tighten, and weakens the company's ability to self-fund value-creating programs.

Volatile and Unsustained Profitability Signals

Recent net income improvement is not supported by cash flow or revenue, indicating earnings volatility driven by non-operating items or one-offs. That weakens the reliability of profitability metrics for planning, partner negotiations, or forecasting over the coming months.

GFG Resources Business Overview & Revenue Model

Company Description

GFG Resources Inc., an exploration company, engages in the acquisition and exploration of mineral properties in Canada and the United States. The company primarily explores for gold deposits. It holds 100% interests in the Goldarm Property, Pen gold, and Dore gold projects located in Ontario; and the Rattlesnake Hills gold project situated in Natrona County, Wyoming. The company is headquartered in Saskatoon, Canada.

How the Company Makes Money

GFG Resources makes money primarily through the exploration and potential development of gold resources. The company's revenue model involves identifying and acquiring prospective gold properties, conducting exploration activities to assess the viability of these sites, and then either developing these sites into productive mines or selling/partnering with larger mining companies for further development. Revenue can be generated through the sale of gold produced from developed mines, joint ventures, or the sale of interests in its projects. GFG Resources may also receive funding through equity financing from investors interested in its exploration activities and future potential earnings from its projects.

GFG Resources Financial Statement Overview

Summary

Financial profile is mixed: a very strong, low-leverage balance sheet (Balance Sheet Score 74) is offset by exploration-stage fundamentals—no revenue, recurring operating losses (Income Statement Score 28), and persistently negative operating/free cash flow that implies continued funding needs (Cash Flow Score 22).

Income Statement

The company remains pre-revenue (revenue is 0 across all periods), with recurring operating losses (EBIT negative in every year and in TTM (Trailing-Twelve-Months)). Net income improved materially versus the large loss in 2023 and is positive in 2025 annual and TTM (Trailing-Twelve-Months), but the profitability signal is less durable given the lack of revenue and continued operating losses. Overall, earnings are volatile and not yet supported by a producing asset.

Balance Sheet

The balance sheet is a clear strength: leverage is extremely low (debt-to-equity ~0.03%–0.38% historically; ~0.34% in 2025 annual; ~0.34% in TTM (Trailing-Twelve-Months)), providing strong financial flexibility. Equity is sizable and has grown from 2023 to 2025, and returns on equity have improved to positive in 2025 annual and TTM (Trailing-Twelve-Months) after negative levels in prior years. Key risk is that, as an exploration-stage company, asset value and equity can be sensitive to ongoing spending and market financing conditions.

Cash Flow

Cash generation is weak: operating cash flow is consistently negative across all years and in TTM (Trailing-Twelve-Months), and free cash flow is deeply negative and deteriorated in TTM (Trailing-Twelve-Months) versus 2025 annual (free cash flow growth -3.753 in TTM (Trailing-Twelve-Months)). While net income turned positive recently, cash flow did not follow—free cash flow remains negative, highlighting reliance on external funding to sustain operations and advance projects.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-35.06K	-35.08K	-34.77K	-34.90K	-35.85K	-40.98K
EBITDA	1.68M	-1.26M	-11.74M	-1.03M	-816.00K	-339.00K
Net Income	1.27M	1.54M	-11.85M	-1.25M	-860.00K	-391.00K
Balance Sheet
Total Assets	43.54M	43.35M	33.43M	35.16M	39.03M	35.74M
Cash, Cash Equivalents and Short-Term Investments	4.61M	5.03M	3.47M	2.13M	1.21M	1.57M
Total Debt	141.33K	14.06K	121.94K	51.40K	148.25K	88.13K
Total Liabilities	1.71M	1.34M	1.29M	1.45M	873.22K	1.04M
Stockholders Equity	41.83M	42.02M	32.14M	33.71M	38.15M	34.71M
Cash Flow
Free Cash Flow	-5.46M	-5.67M	-4.20M	-3.88M	-3.10M	-5.21M
Operating Cash Flow	-1.44M	-1.56M	-1.35M	-1.51M	-1.32M	-1.33M
Investing Cash Flow	-2.63M	-2.72M	-2.49M	-2.15M	-2.08M	-4.06M
Financing Cash Flow	6.77M	6.77M	6.10M	2.32M	3.03M	-34.07K

GFG Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.16
• 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:GFG, the sentiment is Positive. The current price of 0.16 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.14, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.32 is Neutral, neither overbought nor oversold. The STOCH value of 76.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GFG.

GFG 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%
NVO	53 Neutral	C$58.51M	-6.22	-21.84%	―	―	―
GFG	52 Neutral	C$48.40M	29.81	3.36%	―	―	―
JG	50 Neutral	C$36.61M	-5.83	-22.31%	―	―	-70.25%
TAJ	50 Neutral	C$43.64M	-7.55	-606.86%	―	―	-884.85%
USGD	48 Neutral	C$61.34M	73.53	1.86%	―	―	―
NPR	47 Neutral	C$43.68M	-8.45	-30.23%	―	―	41.41%

GFG Resources Corporate Events

GFG Resources Hits Broad Gold Intercepts as It Ramps Up Exploration at Timmins’ Goldarm Property

GFG Resources reported new drilling results from its Phase 2-2025 program at the Aljo Gold Project on its Goldarm Property in the Timmins Gold District, highlighted by a broad intercept of 1.01 g/t gold over 51.5 metres including 6.36 g/t over 5.0 metres, along with several high-grade hits that confirm continuity and scale in the Hangingwall, Main and Footwall zones and the discovery of a new Footwall zone. The company says the results reinforce the robustness and expansion potential of the Aljo gold system, and, supported by a strong cash position, it plans an aggressive 2026 exploration campaign with continued infill and step-out drilling at Aljo and a larger regional program across Goldarm to grow resources and drive new discoveries, positioning GFG to benefit from a supportive gold price environment.

The most recent analyst rating on (TSE:GFG) stock is a Hold with a C$0.16 price target. To see the full list of analyst forecasts on GFG Resources stock, see the TSE:GFG Stock Forecast page.

GFG Resources Closes Sale of Rattlesnake Hills Gold Project, Secures Final Payment

GFG Resources has received the final C$1.0 million cash payment from Roxmore Resources for the sale of its Rattlesnake Hills Gold Project, bringing total consideration to approximately C$3.3 million in cash plus 3,061,224 Roxmore shares. In addition to the financial proceeds, Roxmore has assumed all environmental liabilities and replaced GFG’s US$219,000 reclamation bond, while GFG retains upside exposure through a potential contingent payment of C$1 per ounce if a future resource estimate exceeds 3 million ounces of gold, strengthening its balance sheet and preserving leverage to any exploration success on the project.

GFG Resources Reports Promising Drill Results and Launches Regional Exploration at Goldarm

GFG Resources Inc. announced promising assay results from its Phase 2-2025 drill program at the Aljo Gold Project, part of the Goldarm Property. The drilling confirmed and expanded key mineralized zones, including the discovery of a new Footwall Zone (FW4). The company plans to continue drilling in early 2026 and has initiated a regional exploration program targeting new gold discoveries across the Goldarm Property. These developments position GFG Resources well for future growth and value creation, leveraging its strong financial position and strategic location in the Timmins Gold Camp.

GFG Resources Completes Final Tranche of Financing to Boost Ontario Exploration

GFG Resources Inc. has successfully closed the final tranche of its private placement financing, raising a total of C$4,119,677. The funds will be used for exploration activities in Ontario, enhancing the company’s operations in the gold-rich Timmins district. This strategic move is expected to bolster GFG’s exploration capabilities and strengthen its position in the North American precious metals industry.

GFG Resources Secures C$2.5 Million in First Tranche Financing

GFG Resources Inc. has successfully closed the first tranche of its private placement financing, raising C$2,537,904. Alamos Gold Inc. has increased its stake in GFG to approximately 11.1% through this offering, which is expected to enhance GFG’s financial position and potentially influence its strategic operations in the gold exploration sector.

GFG Resources Upsizes Private Placement to Strengthen Exploration Efforts

GFG Resources Inc. has announced an increase in its previously declared private placement to raise gross proceeds of up to C$4.23 million through the issuance of Premium Units and flow-through shares. This move is aimed at bolstering the company’s financial position and enhancing its exploration activities in the Timmins gold district. The offering is expected to close by November 3, 2025, subject to necessary approvals, and includes participation from company insiders, highlighting confidence in GFG’s strategic direction.