Golden Arrow Resources (GRG) AI Stock Analysis

• Market Cap: C$14.40M
• Dividend Yield: N/A
• Average Volume (3M): 116.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.14
• Revenue Growth: N/A
• EPS Growth: 40.18%
• Country: US
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 169,416,600
• 10 Day Avg. Volume: 301,648
• 30 Day Avg. Volume: 116,194
• PEG Ratio: -0.05
• Price to Book (P/B): 1.32
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.92
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: C$0.08 ▼(-22.00% Downside)

The score is driven primarily by weak financial performance—no revenue, ongoing losses, and continued cash burn—partly offset by a low-leverage (debt-free) balance sheet. Technicals are supportive with an uptrend, but overbought signals increase pullback risk. Valuation is constrained by negative earnings and no dividend support.

Positive Factors

Debt-free balance sheet

A zero-debt profile materially reduces financial risk and interest burdens, preserving flexibility to fund exploration via non-debt routes. This structural strength supports long-term optionality for project advancement and lowers bankruptcy risk during commodity cycles.

Improving cash burn trajectory

A notable reduction in operating cash burn extends the company’s runway and indicates tighter cost control. Sustained improvement can reduce the frequency/size of dilutive financings and provide more time to advance projects toward value-creating milestones.

Exploration business optionality

The exploration model offers structural upside through JV deals, asset sales, royalties or equity financings. Successful discoveries or strategic transactions can create asymmetric returns versus cash spent, a durable advantage for juniors that can materially unlock shareholder value.

Negative Factors

No operating revenue

Absence of revenue leaves the company without an operational earnings base, increasing reliance on external capital. Long-term viability depends on successful exploration outcomes or recurring financings, raising execution and sustainability risk for project advancement.

Material equity erosion

Steep decline in equity reflects cumulative losses and likely dilution, weakening the balance sheet cushion. This structural erosion increases probability of future equity raises, diluting incumbents and constraining the company’s ability to fund larger exploration programs without adverse shareholder impact.

Persistent negative free cash flow

Ongoing negative free cash flow indicates the business cannot self-fund exploration and will require external capital. This creates dependency on markets or asset monetization, exposing the company to timing risk, dilutive financings, and potential delays in advancing projects.

Golden Arrow Resources Business Overview & Revenue Model

Company Description

Golden Arrow Resources Corporation, a natural resource company, engages in the identification, acquisition, exploration, development, and advancing of precious and base metal projects in South America. The company explores for gold, silver, zinc, and copper deposits. It holds interests in the Flecha de Oro project, Caballos Copper-Gold project, Don Bosco Copper-Gold project, Mogote Copper-Gold project, Frontera District - Potrerillos Gold-Silver project, and Yanso project located in Argentina. The company holds Rosales Copper project located in the Atacama Region, Chile; San Pietro iron-oxide copper gold project located in the Atacama region of Chile; and Tierra Dorada project located in Paraguay. Golden Arrow Resources Corporation was incorporated in 2015 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Golden Arrow Resources generates revenue through the exploration and development of mineral properties, which can include selling or leasing these properties to larger mining companies or entering into joint ventures. The company may also earn income through the sale of equity stakes in its projects or through royalties and streaming agreements with partners. Additionally, Golden Arrow Resources might secure funding through private placements or public equity offerings to finance its exploration activities.

Golden Arrow Resources Financial Statement Overview

Summary

Income statement and cash flow are very weak due to no revenue, persistent losses, and ongoing operating/free-cash-flow burn (despite some improvement in TTM loss and cash burn). The balance sheet helps somewhat with zero debt, but materially shrinking equity and deeply negative ROE indicate continued value erosion and financing dependence.

Income Statement

The company reports no revenue across the disclosed periods, while losses remain sizable. Net loss improved from 2024 (annual net loss of about -8.4M) to TTM (Trailing-Twelve-Months) (about -4.3M), suggesting some cost tightening, but the business is still firmly loss-making with negative gross profit and large operating losses. Overall profitability and scalability remain weak without a clear revenue base.

Balance Sheet

Leverage is low (TTM (Trailing-Twelve-Months) total debt is 0; debt-to-equity is effectively 0), which reduces financial risk. However, equity has fallen materially versus prior years (from ~24.6M in 2020 to ~6.9M TTM (Trailing-Twelve-Months)), reflecting sustained losses and ongoing dilution/burn risk. Returns on equity are deeply negative (about -65% TTM (Trailing-Twelve-Months)), indicating value erosion despite the clean debt profile.

Cash Flow

Cash generation is consistently negative, with operating cash flow still burning ~-2.8M TTM (Trailing-Twelve-Months) (an improvement versus 2023’s ~-7.6M). Free cash flow is also negative (~-2.8M TTM (Trailing-Twelve-Months)) and has declined versus the prior period (TTM free cash flow growth of about -24.8%). While free cash flow roughly tracks the net loss (TTM free cash flow to net income near 1.0), the core issue is ongoing cash burn and reliance on external funding.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-22.91K	-38.18K	-122.54K	-121.55K	-126.69K	-153.27K
EBITDA	-4.40M	-8.57M	-7.81M	-5.89M	-6.67M	-5.20M
Net Income	-4.32M	-8.37M	-5.82M	-6.05M	-6.05M	-5.80M
Balance Sheet
Total Assets	7.74M	6.72M	6.51M	11.44M	17.24M	25.00M
Cash, Cash Equivalents and Short-Term Investments	252.88K	868.62K	115.80K	6.23M	16.03M	23.88M
Total Debt	0.00	0.00	190.77K	427.46K	346.88K	182.32K
Total Liabilities	890.79K	1.25M	935.64K	1.01M	734.13K	450.88K
Stockholders Equity	6.87M	5.47M	5.57M	10.43M	16.50M	24.55M
Cash Flow
Free Cash Flow	-2.80M	-3.75M	-7.60M	-9.76M	-5.54M	-6.00M
Operating Cash Flow	-2.82M	-3.57M	-7.59M	-5.52M	-5.28M	-5.45M
Investing Cash Flow	-1.63M	-18.11K	6.45M	5.36M	-89.33K	9.93M
Financing Cash Flow	3.95M	4.34M	649.63K	-143.76K	-332.01K	-625.56K

Golden Arrow Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GRG, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.07, and above the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 57.06 is Neutral, neither overbought nor oversold. The STOCH value of 19.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GRG.

Golden Arrow Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
PRIZ	52 Neutral	C$14.34M	-2.84	-50.61%	―	―	-3.49%
CBI	51 Neutral	C$9.08M	-6.43	-38.11%	―	―	25.69%
BVA	47 Neutral	C$23.93M	-46.43	―	―	―	30.00%
GRG	46 Neutral	C$14.40M	-3.24	-105.74%	―	―	40.18%
BTT	37 Underperform	C$14.46M	-41.07	-5.85%	―	―	-16.67%
SUR	33 Underperform	C$11.99M	-2.73	-6.71%	―	―	61.93%

Golden Arrow Resources Corporate Events

Golden Arrow Hires Maximus to Bolster Investor Relations and Market Presence

Golden Arrow Resources has engaged Vancouver-based Maximus Investor Relations Ltd., led by Shawn Perger, as an investor relations consultant under a one-year renewable agreement valued at $125,000 annually, subject to TSX Venture Exchange approval. Maximus will support Golden Arrow’s corporate finance and investor outreach through communications, broker presentations, trade show participation, and broader marketing and investor relations programs, in a move aimed at strengthening the company’s market visibility and engagement with current and prospective shareholders.

The most recent analyst rating on (TSE:GRG) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on Golden Arrow Resources stock, see the TSE:GRG Stock Forecast page.

Golden Arrow Confirms Broad Near-Surface Gold Zone at Noemi Target in Chile

Golden Arrow Resources reported strong trenching results at the Noemi gold target within its San Pietro IOCG project in Chile, confirming a near-surface, structurally hosted gold system with multiple wide intervals above 1 g/t gold across a 380-metre strike and mineralization extending over more than three kilometres. The system remains open for expansion in several directions, and the company sees potential for a bulk-mineable, near-surface gold deposit that complements other gold-bearing structures on the property; Golden Arrow is now planning a drill program at Noemi as part of the next phase of drilling at San Pietro, alongside work to advance the Rincones-Colla IOCG deposit and to demonstrate the multi-deposit potential of the broader project area.

The most recent analyst rating on (TSE:GRG) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Golden Arrow Resources stock, see the TSE:GRG Stock Forecast page.

Golden Arrow Secures Environmental Approval for San Pietro Project in Chile

Golden Arrow Resources has received environmental approval for its San Pietro Copper-Gold Project in Chile, marking a significant milestone in its development. The approval allows for the expansion of drilling operations, which is expected to enhance resource categorization and potentially increase mineral grades. This development positions Golden Arrow strategically within a prominent IOCG district, potentially impacting its market position and stakeholder interests positively.

The most recent analyst rating on (TSE:GRG) stock is a Buy with a C$0.21 price target. To see the full list of analyst forecasts on Golden Arrow Resources stock, see the TSE:GRG Stock Forecast page.