Garibaldi Resources (GGI) AI Stock Analysis

• Market Cap: C$22.81M
• Dividend Yield: N/A
• Average Volume (3M): 48.28K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.59
• Revenue Growth: N/A
• EPS Growth: -2850.00%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 152,040,560
• 10 Day Avg. Volume: 37,788
• 30 Day Avg. Volume: 48,282
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -82.80
• 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: 46 Neutral
• Price Target: C$0.15 ▲(33.64% Upside)

The score is primarily held down by very weak financial performance (pre-revenue, worsening losses, and ongoing negative cash flow despite low debt). Technicals provide some offset with a strong uptrend above major moving averages, but overbought signals increase near-term downside risk. Valuation remains challenged due to negative earnings and no indicated dividend support.

Positive Factors

Low Financial Leverage

Very low debt reduces solvency risk and preserves strategic optionality. For a junior explorer this conservative capital structure lowers default risk, allowing management to pursue drilling, farm-outs or asset sales without immediate debt servicing constraints over the next 2–6 months.

Established Funding Pathways

Clear, repeatable funding mechanisms (equity placements, warrant exercise, asset sales/JV/royalties) are structural to junior explorers. These channels provide ongoing access to capital and project exit options, making continued exploration and advancement feasible absent operating revenue.

Modest Operating Cash Burn

Operating cash burn is modest on a TTM basis and the cash‑flow note indicates improvement versus prior years. For a pre‑revenue explorer, a reduced and controllable burn rate extends runway, lowers immediate financing pressure, and supports methodical program execution over several months.

Negative Factors

Pre‑Revenue Business Model

Absence of operating revenue is structural: the company remains exploration‑stage with no internal cash generation. Continued dependence on capital markets and asset sales creates ongoing dilution risk and makes long‑term project advancement contingent on external financing or transactions.

Sharp Increase in Net Losses

A jump to a ~$28.4M TTM net loss from $0.8M the prior year is materially dilutive and suggests aggressive spending or one‑offs. This rapid deterioration erodes capital, pressures future financing needs, and weakens negotiating leverage for non‑dilutive farm‑outs or JV terms.

Material Equity Erosion

Equity decline from ~$39.9M to ~$12.0M materially reduces balance‑sheet capacity to absorb exploration write‑downs or fund programs. Lower equity weakens bargaining power for partnerships and increases reliance on dilutive financings, raising long‑term funding risk for project advancement.

Garibaldi Resources Business Overview & Revenue Model

Company Description

Garibaldi Resources Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties. The company explores for nickel, copper, cobalt, platinum, palladium, gold, and silver deposits. It holds interests in the Red Lion; Grizzly and Golden Bear; King and King South; E&L; Palm Spring; Sid, Sunrise and Atlin; Black Gold; and Tora Tora properties located in British Columbia, Canada. Garibaldi Resources Corp. was incorporated in 1993 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Garibaldi Resources generates revenue through the exploration and development of its mineral properties. The company primarily makes money by discovering economically viable mineral deposits, which can then be sold or developed into mining operations. This process often involves raising capital through equity financing to fund exploration activities. Garibaldi may also enter into joint ventures or partnerships with other mining companies to share the financial burden and technical expertise required for exploration and development. Additionally, if the exploration results are promising, the company might attract larger mining firms to acquire their properties, thereby providing significant financial returns. However, as a junior exploration company, Garibaldi does not currently generate consistent revenue from mineral production and relies heavily on investment and market conditions to finance its operations.

Garibaldi Resources Financial Statement Overview

Summary

Income statement is very weak with no revenue and sharply worsening losses in the most recent period. Cash flow is persistently negative (ongoing burn), implying continued reliance on external funding. Balance sheet leverage is conservative with minimal debt, but equity has eroded materially, reducing financial flexibility.

Income Statement

The company shows no revenue generation across the annual periods provided and TTM (Trailing-Twelve-Months), while losses are sizable and worsening versus earlier years (TTM net loss of about $28.4M vs. $0.8M in FY2024). Profitability is consistently negative, indicating the business is still in an investment/exploration phase rather than a self-sustaining operating model. A modest positive is that losses were much smaller in FY2024 than in FY2025/TTM, but the sharp step-up in losses recently is a clear negative.

Balance Sheet

Leverage appears very conservative with essentially no debt in the most recent periods (and only minimal debt historically), which reduces solvency risk. However, equity and assets have fallen materially from FY2024 levels (equity down from ~$39.9M in FY2024 to ~$12.0M in TTM), reflecting heavy losses and/or capital changes, and returns on equity are deeply negative in the most recent period. Overall, the balance sheet is helped by low debt, but weakened by the erosion in the equity base and poor returns.

Cash Flow

Cash generation remains negative, with operating cash flow and free cash flow both negative in every period shown (TTM operating cash flow about -$0.34M). The cash burn rate in operations improved versus several prior years, but cash flow remains insufficient to cover reported losses, implying ongoing dependence on external funding or asset sales to sustain activities. Free cash flow growth is volatile across years, highlighting uneven spending/investing patterns.

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	-603.00	-710.00	-890.00	-47.84K	-48.49K	-49.38K
EBITDA	-31.38M	-31.30M	-707.00K	-2.87M	-1.98M	-3.05M
Net Income	-28.43M	-28.34M	-757.00K	-3.46M	-1.85M	-3.43M
Balance Sheet
Total Assets	15.04M	14.42M	44.89M	45.43M	43.34M	44.82M
Cash, Cash Equivalents and Short-Term Investments	497.71K	19.74K	122.11K	2.09M	563.95K	258.14K
Total Debt	0.00	0.00	0.00	0.00	54.00K	108.70K
Total Liabilities	3.07M	2.83M	4.96M	5.00M	3.70M	4.10M
Stockholders Equity	11.97M	11.59M	39.93M	40.42M	39.63M	40.71M
Cash Flow
Free Cash Flow	-340.78K	-116.17K	-504.84K	-4.03M	-2.79M	-8.12M
Operating Cash Flow	-340.78K	-116.17K	-504.84K	-797.42K	-680.23K	-734.71K
Investing Cash Flow	-199.18K	7.05K	-1.62M	-2.84M	-2.11M	-7.38M
Financing Cash Flow	1.00M	0.00	158.23K	5.02M	3.10M	2.18M

Garibaldi Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.11
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GGI, the sentiment is Positive. The current price of 0.11 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.13, and above the 200-day MA of 0.10, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.67 is Neutral, neither overbought nor oversold. The STOCH value of 27.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GGI.

Garibaldi 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%
CPAU	51 Neutral	C$19.88M	-1.66	-7.76%	―	―	-123.32%
LLG	50 Neutral	C$16.08M	0.84	45.75%	―	―	158.45%
ELEF	49 Neutral	C$15.33M	-1.37	-179.75%	―	―	15.69%
GGI	46 Neutral	C$22.81M	-0.73	-110.71%	―	―	-2850.00%
MTS	45 Neutral	C$15.83M	-9.02	-92.01%	―	―	―
WLF	45 Neutral	C$15.78M	-79.17	-32.86%	―	―	86.96%

Garibaldi Resources Corporate Events

Garibaldi Resources Enhances Exploration with High-Resolution Survey at Eskay Creek

Garibaldi Resources Corp. has completed a high-resolution aeromagnetic survey over its key nickel-copper and gold properties at Eskay Creek, revealing significant magnetic anomalies that bolster the potential for expanding mineralization at its E&L and Casper projects. The survey’s results, along with advanced geophysical techniques, are expected to enhance exploration success and guide future drilling efforts, particularly as the company prepares for the next phase of exploration at the Casper gold quartz vein discovery, which has gained priority following a surge in gold prices.

Garibaldi Resources Seeks Extension on Warrant Expiry Dates

Garibaldi Resources has applied to the TSX Venture Exchange for approval to extend the expiry dates of warrants issued in December 2022 from 2025 to 2027, while maintaining the same exercise prices. This proposed extension, pending approval, could provide the company with more flexibility in managing its financial instruments and potentially enhance its market positioning.