Golconda Gold (TSE:GG)
:GG
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Golconda Gold
(GG)
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Rating:63Neutral
Price Target:
C$2.50
▲(3.31% Upside)
Action:ReiteratedDate:04/26/26
The score is driven primarily by improved financial performance (profitability and cash flow rebound, strengthening balance sheet) and a low P/E valuation, but is meaningfully capped by weak technical momentum (below key moving averages with negative MACD and low RSI/Stoch), which signals near-term market caution.
Positive Factors
Revenue & Profitability Rebound
A sharp 2025 revenue and earnings inflection (revenue 33.7M vs 13.8M; net income 9.8M vs -1.2M) indicates scaled commercial traction and emerging operating leverage. If sustained, this supports durable cash generation and greater ability to fund growth or reduce leverage over multiple quarters.
Negative Factors
Multi-year Profitability Volatility
Historical losses across 2021–2024 and an uneven revenue path raise doubt about the durability of the 2025 rebound. Persistent volatility implies earnings and margins can reverse with commodity or operational shocks, making long-term forecasting and capital allocation more uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Profitability Rebound
A sharp 2025 revenue and earnings inflection (revenue 33.7M vs 13.8M; net income 9.8M vs -1.2M) indicates scaled commercial traction and emerging operating leverage. If sustained, this supports durable cash generation and greater ability to fund growth or reduce leverage over multiple quarters.
Read all positive factors
Golconda Gold (GG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$174.93M
Dividend YieldN/A
Average Volume (3M)128.40K
Price to Earnings (P/E)13.2
Beta (1Y)2.26
Revenue Growth148.00%
EPS GrowthN/A
CountryCA
Employees209
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding71,401,360
10 Day Avg. Volume84,566
30 Day Avg. Volume128,395
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)3.20
Price to Sales (P/S)3.84
P/FCF Ratio22.23
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
Golconda Gold Business Overview & Revenue Model
Company Description
Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties. It operates two mines, which include the Mupane Property located in the Republic of Botswana; and the Galaxy Property that covers an area of 58.6 ...
Golconda Gold Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
67
Positive
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 33.74M | 13.83M | 9.37M | 13.17M | 2.94M |
| Gross Profit | 15.00M | 1.88M | 349.30K | 1.66M | -429.66K |
| EBITDA | 13.70M | 1.26M | -486.73K | 110.63K | 508.62K |
| Net Income | 9.82M | -1.17M | -2.15M | -970.44K | -3.95M |
Balance Sheet | |||||
| Total Assets | 55.87M | 45.70M | 42.37M | 42.62M | 58.79M |
| Cash, Cash Equivalents and Short-Term Investments | 3.79M | 335.46K | 113.21K | 639.03K | 889.56K |
| Total Debt | 2.39M | 3.89M | 4.55M | 3.03M | 2.32M |
| Total Liabilities | 15.40M | 15.61M | 11.11M | 9.27M | 27.09M |
| Stockholders Equity | 40.48M | 30.09M | 31.26M | 33.35M | 31.69M |
Cash Flow | |||||
| Free Cash Flow | 5.83M | 1.36M | -1.17M | -92.58K | -9.67M |
| Operating Cash Flow | 10.39M | 4.54M | -18.76K | 1.15M | 4.58M |
| Investing Cash Flow | -4.56M | -3.18M | -1.15M | -1.56M | -12.75M |
| Financing Cash Flow | -2.46M | -1.14M | 649.56K | 252.15K | 4.21M |
Golconda Gold Technical Analysis
Positive
2.42
Price Trends
3.05
Negative
2.80
Positive
2.13
Positive
Market Momentum
-0.04
Negative
54.78
Neutral
65.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GG, the sentiment is Positive. The current price of 2.42 is below the 20-day moving average (MA) of 2.61, below the 50-day MA of 3.05, and above the 200-day MA of 2.13, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 54.78 is Neutral, neither overbought nor oversold. The STOCH value of 65.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GG.
Golconda Gold Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | C$214.88M | 50.82 | 8.39% | ― | 39.37% | ― | |
63 Neutral | C$174.93M | 13.21 | 21.93% | ― | 148.00% | ― | |
59 Neutral | C$191.02M | -18.86 | -7.46% | ― | ― | -62.50% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | C$140.76M | 16.60 | 7.23% | 8.87% | 28.16% | -30.00% | |
52 Neutral | C$147.64M | 30.75 | 24.84% | ― | ― | 131.21% | |
44 Neutral | C$182.20M | -16.49 | -74.62% | ― | ― | -122.95% |
* General Sector Average
TSE:GG
Golconda Gold
2.51
2.13
560.53%
TSE:OGN
Orogen Royalties
3.60
2.50
227.27%
TSE:KTO
K2 Gold
0.80
0.55
220.00%
TSE:MGG
Minaurum Gold
0.36
0.20
123.75%
TSE:MJS
Majestic Gold
0.13
<0.01
1.56%
TSE:XTG
Xtra-Gold Resource
3.17
1.22
62.56%
Golconda Gold Corporate Events
Business Operations and StrategyFinancial Disclosures
Golconda Gold Hits Record Q1 Output at Galaxy Mine and Ends Quarter Debt-Free
Positive
Apr 14, 2026
Golconda Gold reported record quarterly production of 3,693 ounces of gold in the first quarter of 2026 at its Galaxy Gold Mine, marking a 7% increase over the prior quarter and a 25% rise year-on-year. Strong ore mining volumes, particularly at t...
Business Operations and StrategyDelistings and Listing Changes
Golconda Gold Upgrades to OTCQX to Boost U.S. Market Visibility
Positive
Mar 3, 2026
Golconda Gold has graduated to trading on the OTCQX Best Market, moving up from the OTCQB tier and meeting higher financial, governance and regulatory standards required for more established, investor-focused issuers. The upgrade is expected to en...
Business Operations and StrategyFinancial Disclosures
Golconda Gold Earns Spot on TSX Venture 50 After Strong Share Performance
Positive
Feb 24, 2026
Golconda Gold Ltd., a gold producer and explorer listed on the TSX Venture Exchange and OTCQB, has built its business around un-hedged exposure to gold prices through operations in South Africa and New Mexico. The company is managed by an experien...
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.