GoldQuest Mining Corp (TSE:GQC)
:GQC
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GoldQuest Mining
(GQC)
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Rating:40Underperform
Price Target:
C$0.51
▼(-68.33% Downside)
Action:Downgraded
Date:05/08/26
The score is primarily weighed down by weak financial performance (no revenue, sharply higher losses and cash burn in 2025) and very bearish technical signals (price far below moving averages with negative MACD). A debt-free balance sheet and higher 2025 equity provide some support, but do not offset the current execution and funding risk indicated by ongoing losses and negative cash flow.
Positive Factors
Debt-free balance sheet
A consistently debt-free balance sheet meaningfully lowers solvency risk and preserves financial flexibility. For an exploration-stage miner this reduces fixed interest costs, supports continued drilling and permitting activity, and lengthens runway versus peers reliant on debt financing.
Negative Factors
Pre-revenue with widening losses
A sustained pre-revenue profile with sharply widening losses increases dependence on external capital and delays any path to self-sustaining operations. Persistent negative profitability means management must rely on markets or equity issuances, elevating dilution and execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A consistently debt-free balance sheet meaningfully lowers solvency risk and preserves financial flexibility. For an exploration-stage miner this reduces fixed interest costs, supports continued drilling and permitting activity, and lengthens runway versus peers reliant on debt financing.
Read all positive factors
GoldQuest Mining (GQC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$168.43M
Dividend YieldN/A
Average Volume (3M)360.19K
Price to Earnings (P/E)―
Beta (1Y)-0.11
Revenue GrowthN/A
EPS Growth-247.00%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.05
Shares Outstanding382,801,360
10 Day Avg. Volume560,885
30 Day Avg. Volume360,191
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)9.48
Price to Sales (P/S)0.00
P/FCF Ratio-58.04
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 does not operate producing mines and, as an exploration/development-stage company, generally does not generate recurring revenue from the sale of minerals. null...
GoldQuest Mining Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
58
Neutral
Cash Flow
12
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -19.86K | -16.49K | -11.54K | -24.27K | -31.60K |
| EBITDA | -12.38M | -2.68M | -2.56M | -2.71M | -2.36M |
| Net Income | -11.95M | -2.69M | -2.58M | -2.71M | -2.40M |
Balance Sheet | |||||
| Total Assets | 57.25M | 15.54M | 9.73M | 12.08M | 14.27M |
| Cash, Cash Equivalents and Short-Term Investments | 56.07M | 15.30M | 9.40M | 11.80M | 14.05M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.50M | 154.96K | 155.17K | 140.72K | 155.72K |
| Stockholders Equity | 53.76M | 15.39M | 9.57M | 11.94M | 14.12M |
Cash Flow | |||||
| Free Cash Flow | -8.78M | -2.53M | -2.40M | -2.26M | -1.53M |
| Operating Cash Flow | -8.15M | -2.53M | -2.35M | -2.25M | -1.53M |
| Investing Cash Flow | -631.26K | 18.60K | -44.68K | -7.84K | 0.00 |
| Financing Cash Flow | 49.55M | 8.42M | 0.00 | 0.00 | 0.00 |
GoldQuest Mining Technical Analysis
Negative
1.62
Price Trends
1.80
Negative
1.96
Negative
1.58
Negative
Market Momentum
-0.46
Positive
19.82
Positive
20.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GQC, the sentiment is Negative. The current price of 1.62 is above the 20-day moving average (MA) of 1.07, below the 50-day MA of 1.80, and above the 200-day MA of 1.58, indicating a bearish trend. The MACD of -0.46 indicates Positive momentum. The RSI at 19.82 is Positive, neither overbought nor oversold. The STOCH value of 20.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
49 Neutral | C$431.08M | 21.49 | 1.72% | ― | ― | ― | |
48 Neutral | C$485.86M | -118.64 | -5.64% | ― | ― | 3.45% | |
46 Neutral | C$513.09M | -31.50 | 13.55% | ― | ― | 7.10% | |
44 Neutral | C$96.40M | -13.99 | -23.71% | ― | ― | -17.08% | |
42 Neutral | C$637.24M | -17.05 | -91.05% | ― | ― | -369.48% | |
40 Underperform | C$168.43M | -42.67 | -38.34% | ― | ― | -247.00% |
* Basic Materials Sector Average
TSE:GQC
GoldQuest Mining
0.44
-0.07
-13.73%
TSE:ETG
Entree Gold
2.46
0.12
5.13%
TSE:EMO
Emerita Resources
0.33
-0.76
-69.91%
TSE:ERD
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6.16
0.16
2.67%
TSE:REG
Regulus Resources
3.87
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82.55%
TSE:BZ
Benz Mining
1.91
1.55
430.56%
GoldQuest Mining Corporate Events
Business Operations and Strategy
GoldQuest Uncovers New High-Grade Polymetallic Zone at Cachimbo in Dominican Republic
Positive
Mar 23, 2026
GoldQuest Mining has reported a new high-grade polymetallic massive sulphide discovery at its Cachimbo target in the Dominican Republic, identifying a previously unknown parallel mineralized structure northeast of the main zone. The key intercept ...
Business Operations and StrategyExecutive/Board Changes
GoldQuest refreshes board with new directors as Romero project advances
Positive
Feb 26, 2026
GoldQuest Mining has appointed Coille Van Alphen and Jose Michelen to its board, replacing long-serving directors Bill Fisher and Julio Espaillat, as the company advances its Romero gold-copper project in the Dominican Republic. Van Alphen brings ...
Business Operations and StrategyFinancial Disclosures
GoldQuest Surges Into 2026 TSX Venture 50 on Romero-Fueled Rally
Positive
Feb 18, 2026
GoldQuest Mining has been named one of the 2026 TSX Venture 50, an annual ranking of the top-performing companies on the TSX Venture Exchange based on share price appreciation, market capitalization growth, and trading value. The recognition follo...
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.