Goliath Resources (TSE:GOT)
:GOT
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Goliath Resources
(GOT)
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Rating:43Neutral
Price Target:
C$1.50
▼(-8.54% Downside)
Action:Reiterated
Date:05/29/26
The score is pressured primarily by weak financial performance (no revenue, persistent losses, and rising cash burn), partially offset by a debt-free balance sheet. Technicals are neutral-to-weak with only modest short-term support, and valuation remains challenged due to negative earnings and no dividend support.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces financial leverage and interest burden, improving the company’s resilience during long exploration cycles. This structural strength lowers bankruptcy risk and preserves flexibility to allocate future equity or partner financing toward drilling and development.
Negative Factors
No revenue; widening losses
Persistent zero revenue and materially increasing net losses are structural drawbacks for a non-producing explorer: operating economics remain unproven and value depends entirely on discovery. Sustained losses erode capital and necessitate repeated financing, pressuring long-term shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces financial leverage and interest burden, improving the company’s resilience during long exploration cycles. This structural strength lowers bankruptcy risk and preserves flexibility to allocate future equity or partner financing toward drilling and development.
Read all positive factors
Goliath Resources (GOT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$292.07M
Dividend YieldN/A
Average Volume (3M)352.67K
Price to Earnings (P/E)―
Beta (1Y)1.95
Revenue GrowthN/A
EPS Growth41.99%
CountryCA
Employees12
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.16
Shares Outstanding173,853,910
10 Day Avg. Volume264,742
30 Day Avg. Volume352,669
Financial Highlights & Ratios
PEG Ratio0.80
Price to Book (P/B)8.92
Price to Sales (P/S)0.00
P/FCF Ratio-10.59
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)-0.39
Revenue Forecast (FY)N/A
Goliath Resources Business Overview & Revenue Model
Company Description
Goliath Resources Limited, a junior resource exploration company, engages in the acquisition and exploration of mineral properties in British Columbia, Canada. The company explores for gold, silver, copper, and molybdenum. It has an option to acqu...
How the Company Makes Money
null...
Goliath Resources Financial Statement Overview
Summary
Income Statement
10
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Sep 2025 | Jun 2024 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -31.70K | -111.79K | -108.04K | 0.00 | 0.00 | 0.00 |
| EBITDA | -31.64M | -30.86M | -24.98M | -20.97M | -13.52M | -5.81M |
| Net Income | -26.51M | -30.97M | -25.09M | -20.97M | -13.47M | -5.84M |
Balance Sheet | ||||||
| Total Assets | 53.35M | 45.25M | 4.65M | 9.98M | 14.86M | 5.93M |
| Cash, Cash Equivalents and Short-Term Investments | 50.99M | 43.40M | 3.14M | 9.09M | 13.55M | 5.24M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 11.43M | 11.92M | 1.25M | 3.86M | 642.57K | 459.77K |
| Stockholders Equity | 41.92M | 33.32M | 3.40M | 6.12M | 14.22M | 5.47M |
Cash Flow | ||||||
| Free Cash Flow | -40.98M | -28.06M | -18.74M | -17.15M | -7.98M | -2.77M |
| Operating Cash Flow | -40.98M | -28.06M | -18.71M | -16.95M | -7.98M | -2.77M |
| Investing Cash Flow | 23.53M | 0.00 | -22.68K | -200.90K | 0.00 | 0.00 |
| Financing Cash Flow | 57.74M | 57.16M | 12.86M | 12.67M | 16.38M | 7.77M |
Goliath Resources Technical Analysis
Positive
1.64
Price Trends
1.63
Positive
1.97
Negative
2.31
Negative
Market Momentum
>-0.01
Negative
52.36
Neutral
67.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GOT, the sentiment is Positive. The current price of 1.64 is below the 20-day moving average (MA) of 1.64, above the 50-day MA of 1.63, and below the 200-day MA of 2.31, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.36 is Neutral, neither overbought nor oversold. The STOCH value of 67.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GOT.
Goliath Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | C$401.37M | 35.00 | 19.43% | ― | 154.42% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | C$509.84M | -124.02 | -3.98% | ― | ― | -8.89% | |
48 Neutral | C$451.71M | -22.02 | -105.31% | ― | ― | -9.75% | |
46 Neutral | C$435.32M | -76.38 | -4.59% | ― | ― | -7.48% | |
46 Neutral | C$239.03M | -21.16 | -22.79% | ― | ― | -51.83% | |
43 Neutral | C$292.07M | -11.07 | -90.85% | ― | ― | 41.99% |
* Basic Materials Sector Average
TSE:GOT
Goliath Resources
1.68
-0.35
-17.24%
TSE:BRC
Blackrock Silver
1.23
0.87
241.67%
TSE:SLVR
Silver Tiger Metals
0.78
0.42
113.70%
TSE:SSV
Southern Silver Exploration
0.59
0.33
129.41%
TSE:SM
Sierra Madre Gold & Silver Ltd.
2.04
1.39
213.85%
TSE:BRVO
Bravo Mining Corp.
3.72
1.10
41.98%
Goliath Resources Corporate Events
Business Operations and StrategyM&A Transactions
Goliath Resources Secures 100% of Golddigger Property and Lets McEwen Warrants Expire
Positive
Mar 10, 2026
Goliath Resources has secured full ownership of its Golddigger Property in British Columbia’s Golden Triangle, issuing 3,000,000 common shares to the J2 Syndicate to acquire the remaining 51% interest and consolidate 100% control over the hi...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Goliath Resources Seeks Six-Month Extension on McEwen Inc. Warrants
Positive
Feb 28, 2026
Goliath Resources Limited, a precious metals explorer in British Columbia’s Golden Triangle, is advancing large-scale drilling programs in a stable Canadian mining jurisdiction. Backed by high-profile investors and aligned with academic-indu...
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.