GFG Resources Inc (TSE:GFG)
:GFG
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GFG Resources
(GFG)
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Rating:52Neutral
Price Target:
C$0.19
▲(20.00% Upside)
Action:Reiterated
Date:05/15/26
The score is held back primarily by weak financial performance (no revenue, persistent losses, and ongoing cash burn), partially offset by a low-debt balance sheet. Technicals are moderately supportive with price above key moving averages and neutral-to-positive momentum, while valuation is constrained by negative earnings and no dividend support.
Positive Factors
Low leverage / strong balance sheet
Very low leverage and near-zero debt-to-equity reduce refinancing and default risk for an exploration company. This durable financial conservatism preserves optionality to fund staged exploration, supports creditor confidence, and lowers the immediate pressure to monetize assets under adverse market conditions.
Negative Factors
No revenue base
The absence of operating revenue is a fundamental limitation: the business cannot self-fund operations and exploration from cash flows. Over the medium term this creates structural dependency on external financing, increasing dilution risk and making project continuity contingent on capital markets and successful asset milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low leverage and near-zero debt-to-equity reduce refinancing and default risk for an exploration company. This durable financial conservatism preserves optionality to fund staged exploration, supports creditor confidence, and lowers the immediate pressure to monetize assets under adverse market conditions.
Read all positive factors
GFG Resources (GFG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$60.50M
Dividend YieldN/A
Average Volume (3M)166.89K
Price to Earnings (P/E)―
Beta (1Y)0.23
Revenue GrowthN/A
EPS Growth-159.70%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding302,489,750
10 Day Avg. Volume305,593
30 Day Avg. Volume166,891
Financial Highlights & Ratios
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 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)N/A
Revenue Forecast (FY)N/A
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 go...
How the Company Makes Money
null...
GFG Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Sep 2025 | Sep 2023 | Sep 2021 | Jun 2020 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -36.14K | -35.08K | -34.90K | -35.85K | -40.98K | -43.17K |
| EBITDA | -1.67M | -1.26M | -1.03M | -816.00K | -339.00K | -748.00K |
| Net Income | -1.16M | 1.54M | -1.25M | -860.00K | -391.00K | -807.00K |
Balance Sheet | ||||||
| Total Assets | 47.62M | 43.35M | 35.16M | 39.03M | 35.74M | 37.27M |
| Cash, Cash Equivalents and Short-Term Investments | 5.29M | 5.03M | 2.13M | 1.21M | 1.57M | 7.01M |
| Total Debt | 129.18K | 14.06K | 51.40K | 148.25K | 88.13K | 116.61K |
| Total Liabilities | 2.70M | 1.34M | 1.45M | 873.22K | 1.04M | 2.43M |
| Stockholders Equity | 44.92M | 42.02M | 33.71M | 38.15M | 34.71M | 34.84M |
Cash Flow | ||||||
| Free Cash Flow | -3.74M | -5.67M | -3.88M | -3.10M | -5.21M | -3.51M |
| Operating Cash Flow | -1.69M | -1.56M | -1.51M | -1.32M | -1.33M | -1.22M |
| Investing Cash Flow | -4.58M | -2.72M | -2.15M | -2.08M | -4.06M | -2.26M |
| Financing Cash Flow | 6.96M | 6.77M | 2.32M | 3.03M | -34.07K | 8.95M |
GFG Resources Technical Analysis
Positive
0.16
Price Trends
0.17
Positive
0.16
Positive
0.15
Positive
Market Momentum
<0.01
Positive
54.14
Neutral
55.56
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 below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.17, and above the 200-day MA of 0.15, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.14 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 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
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% | |
52 Neutral | C$60.50M | -29.83 | -2.99% | ― | ― | -159.70% | |
47 Neutral | C$74.40M | -57.04 | 2880.25% | ― | ― | -990.32% | |
46 Neutral | C$29.19M | -8.99 | -22.31% | ― | ― | -11.54% | |
45 Neutral | C$47.84M | -5.10 | -30.23% | ― | ― | 17.86% | |
42 Neutral | C$31.03M | -12.18 | -37.41% | ― | ― | -8.24% | |
42 Neutral | C$43.67M | -1.79 | -35.31% | ― | ― | -516.45% |
* Basic Materials Sector Average
TSE:GFG
GFG Resources
0.19
<0.01
2.70%
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GFG Resources Corporate Events
Business Operations and StrategyM&A Transactions
GFG Resources Secures 100% of WWCC, Expands Exploration Push in Timmins District
Positive
Apr 13, 2026
GFG Resources has exercised its option to acquire a 100% interest in the 6,500-hectare WWCC Property from International Explorers and Prospectors, consolidating it into the now fully owned 15,000-hectare-plus Goldarm Property in the Timmins Gold D...
Business Operations and StrategyExecutive/Board Changes
GFG Resources Grants Stock Options and Sets Global Investor Conference Schedule
Positive
Feb 26, 2026
GFG Resources has granted stock options to directors, officers, employees and senior consultants to purchase 3,530,000 common shares at an exercise price of $0.145 per share, with a five-year term and standard vesting provisions. The move undersco...
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.