GoldQuest Mining Corp (TSE:GQC)
:GQC
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GoldQuest Mining
(GQC)
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Rating:48Neutral
Price Target:
C$2.00
▲(23.46% Upside)
Action:ReiteratedDate:01/23/26
The score is held down primarily by weak financial performance (pre-revenue, widening losses, and ongoing cash burn), partially offset by a low-leverage balance sheet. Technical momentum is strong but appears overbought, while valuation support is limited due to ongoing losses and no dividend data.
Positive Factors
Exploration Program
The new exploration program with a substantial budget aims to identify significant new resources, enhancing GoldQuest's market position and potential future revenue streams.
Negative Factors
No Revenue Generation
The lack of revenue generation indicates operational challenges and limits the company's ability to fund exploration and development activities from internal cash flows.
Read all positive and negative factors
Positive Factors
Negative Factors
Exploration Program
The new exploration program with a substantial budget aims to identify significant new resources, enhancing GoldQuest's market position and potential future revenue streams.
Read all positive factors
GoldQuest Mining (GQC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$867.34M
Dividend YieldN/A
Average Volume (3M)360.19K
Price to Earnings (P/E)―
Beta (1Y)-0.07
Revenue GrowthN/A
EPS Growth-130.77%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding382,089,300
10 Day Avg. Volume560,885
30 Day Avg. Volume360,191
Financial Highlights & Ratios
PEG Ratio-13.02
Price to Book (P/B)4.56
Price to Sales (P/S)0.00
P/FCF Ratio-27.69
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
GoldQuest Mining Business Overview & Revenue Model
Company Description
Goldquest Mining Corp., together with its subsidiaries, engages in the identification, acquisition, and exploration of mineral properties. It primarily owns a 100% interest in the Romero gold-copper project that comprises 2 mineral deposits coveri...
How the Company Makes Money
GoldQuest Mining Corp generates revenue primarily through the exploration and development of mineral resources, particularly gold and copper. The company aims to bring its mineral properties to the production stage, at which point it could earn mo...
GoldQuest Mining Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
56
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -17.87K | -16.49K | -11.54K | -24.27K | -31.60K | -23.63K |
| EBITDA | -7.21M | -2.68M | -2.56M | -2.71M | -2.36M | -1.59M |
| Net Income | -6.74M | -2.69M | -2.58M | -2.71M | -2.40M | -1.62M |
Balance Sheet | ||||||
| Total Assets | 27.99M | 15.54M | 9.73M | 12.08M | 14.27M | 15.89M |
| Cash, Cash Equivalents and Short-Term Investments | 27.13M | 15.30M | 9.40M | 11.80M | 14.05M | 15.59M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 848.14K | 154.96K | 155.17K | 140.72K | 155.72K | 292.07K |
| Stockholders Equity | 27.14M | 15.39M | 9.57M | 11.94M | 14.12M | 15.60M |
Cash Flow | ||||||
| Free Cash Flow | -4.80M | -2.53M | -2.40M | -2.26M | -1.53M | -1.57M |
| Operating Cash Flow | -4.52M | -2.53M | -2.35M | -2.25M | -1.53M | -1.49M |
| Investing Cash Flow | -279.95K | 18.60K | -44.68K | -7.84K | 0.00 | -77.99K |
| Financing Cash Flow | 24.28M | 8.42M | 0.00 | 0.00 | 0.00 | 308.75K |
GoldQuest Mining Technical Analysis
Positive
1.62
Price Trends
2.30
Negative
1.95
Positive
1.46
Positive
Market Momentum
0.01
Positive
48.46
Neutral
18.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GQC, the sentiment is Positive. The current price of 1.62 is below the 20-day moving average (MA) of 2.31, below the 50-day MA of 2.30, and above the 200-day MA of 1.46, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 48.46 is Neutral, neither overbought nor oversold. The STOCH value of 18.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GQC.
GoldQuest Mining 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% | |
48 Neutral | C$867.34M | -30.84 | -31.25% | ― | ― | -130.77% | |
48 Neutral | C$502.18M | -118.64 | -5.64% | ― | ― | -67.96% | |
44 Neutral | C$494.32M | -25.43 | 13.55% | ― | ― | -41.18% | |
44 Neutral | C$121.62M | -13.99 | -46.38% | ― | ― | 19.55% | |
43 Neutral | C$457.67M | -61.49 | -14.49% | ― | ― | -1422.76% | |
42 Neutral | C$794.05M | -17.05 | -91.05% | ― | ― | -524.41% |
* Basic Materials Sector Average
TSE:GQC
GoldQuest Mining
2.27
1.82
404.44%
TSE:ETG
Entree Gold
2.37
0.31
15.05%
TSE:EMO
Emerita Resources
0.41
-0.91
-68.94%
TSE:ERD
Erdene Resources
6.54
1.92
41.56%
TSE:REG
Regulus Resources
4.00
1.99
99.00%
TSE:BZ
Benz Mining
2.38
2.07
667.74%
GoldQuest Mining Corporate Events
Business Operations and StrategyPrivate Placements and Financing
GoldQuest Raises C$42 Million as Final Tranche of Private Placement Closes
Positive
Jan 13, 2026
GoldQuest Mining has closed the third and final tranche of its non-brokered private placement, issuing 2,744,542 units at C$1.21 per unit for gross proceeds of approximately C$3.3 million. Together with the earlier tranches, the financing totals a...
Business Operations and StrategyPrivate Placements and Financing
GoldQuest Raises Additional C$8.7 Million in Second Tranche of Private Placement
Positive
Jan 9, 2026
GoldQuest Mining has closed the second tranche of its non-brokered private placement, issuing 7,172,813 units at C$1.21 each for gross proceeds of about C$8.7 million, bringing total funds raised across the first two tranches to roughly C$40 milli...
Business Operations and StrategyPrivate Placements and Financing
GoldQuest Raises C$30 Million in First Tranche of Expanded Private Placement
Positive
Dec 23, 2025
GoldQuest Mining has closed the first tranche of its enlarged non-brokered private placement, issuing 24.8 million units at C$1.21 each for gross proceeds of about C$30 million, with each unit comprising one common share and half a warrant exercis...
Business Operations and StrategyPrivate Placements and Financing
GoldQuest Upsizes Private Placement to $42 Million on Strong Institutional Demand
Positive
Dec 18, 2025
GoldQuest Mining Corp. has increased the size of its previously announced non-brokered private placement to up to 34.7 million units at $1.21 per unit, for potential gross proceeds of about $42 million. Each unit consists of one common share and h...
Business Operations and StrategyPrivate Placements and Financing
GoldQuest Mining Secures C$30 Million for Dominican Projects
Positive
Dec 16, 2025
GoldQuest Mining Corp. has announced a C$30 million private placement to fund exploration and early development activities in the Dominican Republic. The financing, which includes participation from a new institutional investor and support from es...
Business Operations and Strategy
GoldQuest Advances Drilling and Metallurgical Program at Romero Project
Neutral
Dec 3, 2025
GoldQuest Mining Corp. has provided an update on its 2025 drilling and metallurgical program at the Romero Gold-Copper Project in the Dominican Republic. The company has completed five metallurgical drill holes totaling 1,906 meters, with advanced...
Business Operations and StrategyDelistings and Listing Changes
GoldQuest Mining Begins Trading on OTCQX to Boost U.S. Investor Access
Positive
Nov 26, 2025
GoldQuest Mining Corp. has commenced trading on the OTCQX Best Market under the symbol GDQMF, marking a significant milestone aimed at increasing visibility and access to U.S. investors. This move is expected to attract more institutional and reta...
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.