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/ADate: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 is a durable strength: it lowers default and refinancing risk, gives management flexibility on timing and structure of capital raises, and allows the company to pursue project development or M&A without fixed interest burdens that can strain cash flow over the medium term.
Negative Factors
Pre-revenue profile
A sustained pre-revenue status means the business depends on external capital rather than operating cash flows. Over the 2–6 month horizon this structural profile elevates execution and financing risk: delays to production or permitting directly lengthen the path to self-sustaining cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt is a durable strength: it lowers default and refinancing risk, gives management flexibility on timing and structure of capital raises, and allows the company to pursue project development or M&A without fixed interest burdens that can strain cash flow over the medium term.
Read all positive factors
Greenheart Gold Inc. (GHRT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$179.11M
Dividend YieldN/A
Average Volume (3M)83.83K
Price to Earnings (P/E)―
Beta (1Y)1.94
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding144,444,600
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. engages in exploring gold strategies in the Guiana Shield of South America. It focuses on its exploration of the Majorodam Project in Suriname. The company was founded on April 19, 2024 and is headquartered in Toronto, Canada....
Greenheart Gold Inc. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | 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% | |
52 Neutral | C$179.11M | -7.44 | -47.65% | ― | ― | ― | |
52 Neutral | C$165.97M | -41.57 | -2.44% | ― | ― | 9.68% | |
52 Neutral | C$92.29M | -23.57 | -15.57% | ― | ― | -502.38% | |
50 Neutral | C$109.11M | -13.67 | -7.77% | ― | ― | -108.70% | |
42 Neutral | C$113.37M | -27.33 | 1090.02% | ― | 48211.75% | -16.28% |
* Basic Materials Sector Average
TSE:GHRT
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Greenheart Gold Inc. Corporate Events
Business Operations and Strategy
Greenheart Gold Unveils New High-Grade Trends at Igab and Advances Tosso Creek in Suriname
Positive
Feb 23, 2026
Greenheart Gold reported the discovery of two new gold-mineralized trends, Koela West and Koela East, at its Igab project in Suriname, where trenching returned high-grade intercepts over meaningful widths and grab samples assayed up to 90 grams pe...
Business Operations and Strategy
Greenheart Gold Expands Majorodam Footprint With New Gowtu Target and 10,000 m Drill Program
Positive
Feb 17, 2026
Greenheart Gold reported encouraging Phase 2 diamond drill results at its Majorodam Project in Suriname, highlighted by hole D-014 at Heuvel West, which intersected 15.3 metres grading 3.72 grams per tonne gold, including 8.0 metres at 6.57 g/t, a...
Business Operations and StrategyExecutive/Board Changes
Greenheart Gold Grants 4.18 Million Stock Options to Align Team with Exploration Strategy
Positive
Jan 29, 2026
Greenheart Gold Inc. has granted incentive stock options to acquire up to 4,175,000 common shares at an exercise price of C$0.85 per share to certain officers, directors, employees and key consultants, with a five-year term expiring in 2031 and ve...
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.