Greenheart Gold Inc. (TSE:GHRT)
:GHRT
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Greenheart Gold Inc.
(GHRT)
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Rating:52Neutral
Price Target:
C$1.00
▼(-7.41% Downside)
Action:N/A
Date:04/24/26
The score is primarily constrained by weak financial performance (no revenue, significantly wider losses, and sharply higher cash burn), which increases funding and dilution risk despite having no debt. Technicals are a meaningful positive with strong trend and positive momentum indicators, while valuation remains challenged due to negative earnings and no provided dividend yield.
Positive Factors
Debt-free balance sheet
Zero reported debt materially reduces refinancing and interest-rate risk, preserving financial flexibility. For a pre-revenue miner this lowers near-term liquidity pressure from lenders and gives management more options (equity, JV, or staged project spend) over the next 2–6 months.
Negative Factors
Pre-revenue with widening losses
The company remains non-producing and recorded materially wider losses year-over-year, indicating the business model has not yet generated operating cash inflows. Persistent pre-revenue status raises ongoing funding dependency and challenges the path to sustainable margins over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt materially reduces refinancing and interest-rate risk, preserving financial flexibility. For a pre-revenue miner this lowers near-term liquidity pressure from lenders and gives management more options (equity, JV, or staged project spend) over the next 2–6 months.
Read all positive factors
Greenheart Gold Inc. (GHRT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$213.16M
Dividend YieldN/A
Average Volume (3M)83.83K
Price to Earnings (P/E)―
Beta (1Y)1.83
Revenue GrowthN/A
EPS Growth-120.73%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.13
Shares Outstanding206,954,210
10 Day Avg. Volume74,319
30 Day Avg. Volume83,834
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)4.42
Price to Sales (P/S)0.00
P/FCF Ratio-10.03
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
Greenheart Gold Inc. Business Overview & Revenue Model
Company Description
Greenheart Gold Inc. is an exploration company dedicated to identifying gold opportunities across the Guiana Shield in South America. Its principal undertaking involves the exploration of the Majorodam Project, located within Suriname. The firm wa...
How the Company Makes Money
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Greenheart Gold Inc. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | Mar 2026 | Mar 2025 |
|---|---|---|
Income Statement | ||
| Total Revenue | 0.00 | 0.00 |
| Gross Profit | -141.08K | -64.31K |
| EBITDA | -16.95M | -4.24M |
| Net Income | -18.18M | -4.30M |
Balance Sheet | ||
| Total Assets | 32.72M | 48.07M |
| Cash, Cash Equivalents and Short-Term Investments | 30.00M | 46.43M |
| Total Debt | 0.00 | 0.00 |
| Total Liabilities | 2.12M | 926.69K |
| Stockholders Equity | 30.60M | 47.14M |
Cash Flow | ||
| Free Cash Flow | -13.48M | -2.62M |
| Operating Cash Flow | -13.17M | -2.50M |
| Investing Cash Flow | -2.60M | -190.15K |
| Financing Cash Flow | 212.25K | 49.12M |
Greenheart Gold Inc. 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% | |
53 Neutral | C$168.52M | -65.82 | -2.44% | ― | ― | -1.85% | |
52 Neutral | C$213.16M | -7.76 | -58.04% | ― | ― | -120.73% | |
52 Neutral | C$90.75M | -14.81 | -15.57% | ― | ― | -502.38% | |
44 Neutral | C$89.50M | -4.18 | 1459.01% | ― | 702525.37% | -10.56% | |
43 Neutral | C$124.09M | -32.21 | -7.08% | ― | ― | -50.00% |
* Basic Materials Sector Average
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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.