Garibaldi Resources (GGI) AI Stock Analysis

• Market Cap: C$18.24M
• Dividend Yield: N/A
• Average Volume (3M): 48.28K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.71
• 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: 43 Neutral
• Price Target: C$0.15 ▲(31.82% Upside)
• Action: Reiterated Date: 02/07/26
• Date: Action: Reiterated 02/07/26

The score is primarily held down by weak financial performance (pre-revenue status, worsening losses, and persistent negative cash flow) and only modestly supported by the low-debt balance sheet. Technical indicators also lean bearish (negative MACD and price below the 20-day average), while valuation is constrained by a negative P/E and no dividend support.

Positive Factors

Low leverage / conservative balance sheet

Minimal debt materially reduces near-term solvency risk and interest burden for an exploration junior. This conservatism preserves flexibility to pursue drilling or option deals without heavy fixed financing costs, supporting project advancement over the coming months.

Exploration-focused, optionality-rich business model

As an early-stage explorer, the company’s model creates durable strategic optionality: it can advance prospects, seek joint-ventures, sell claims, or secure earn-ins. Those non-operational monetization paths are structural levers to realize value and fund further exploration over 2–6 months.

Improving operational cash burn rate versus prior years

An improving cash-burn trend, even if still negative, suggests tighter operational control and potentially more efficient program spending. Sustained improvement slows depletion of cash/equity, extending runway and reducing near-term financing frequency risk.

Negative Factors

No revenue generation

Absence of operating revenue means the business cannot self-fund exploration or corporate costs; value hinges on discoveries or third-party transactions. This structural lack of recurring cash inflows increases financing dependency and execution risk over the medium term.

Persistent negative operating and free cash flow

Consistent negative operating and free cash flow signals ongoing reliance on external financing or asset sales to sustain programs. Over 2–6 months this constraint can force dilutive equity raises or stressed asset disposals, limiting strategic optionality and shareholder value retention.

Material erosion in equity and weakened financial flexibility

A sharp drop in equity reduces the company’s buffer against shocks and its ability to draw non-dilutive financing. Lower net assets constrain bargaining leverage in JV or sale discussions and heighten the probability of dilutive transactions to fund near-term exploration plans.

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

Financial performance is weak: no revenue across the periods provided, sizable and worsening losses in the most recent period (TTM net loss far larger than FY2024), and consistently negative operating/free cash flow. Low debt helps reduce near-term solvency risk, but the sharp erosion in equity materially weakens financial flexibility and increases funding risk.

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	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 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: Negative
• Last Price: 0.11
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GGI, the sentiment is Negative. The current price of 0.11 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.14, and below the 200-day MA of 0.11, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.71 is Neutral, neither overbought nor oversold. The STOCH value of 18.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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%
LLG	50 Neutral	C$13.54M	-0.32	22.72%	―	―	158.45%
CPAU	49 Neutral	C$21.09M	-1.81	-7.76%	―	―	-123.32%
WLF	46 Neutral	C$16.27M	-5.43	-34.77%	―	―	86.96%
MTS	45 Neutral	C$15.81M	-7.52	-92.01%	―	―	―
ELEF	44 Neutral	C$10.39M	0.16	-179.75%	―	―	15.69%
GGI	43 Neutral	C$18.24M	-21.60	-110.71%	―	―	-2850.00%