Harvest Gold Corp (TSE:HVG)
:HVG
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Harvest Gold
(HVG)
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Select Model
Rating:49Neutral
Price Target:
C$0.06
▲(0.00% Upside)
Action:ReiteratedDate:03/05/26
The score is primarily held back by weak financial performance (no revenue, recurring losses, and cash burn), only partly offset by the benefit of having no debt. Technical indicators provide some near-term support, but valuation remains challenged due to negative earnings and no dividend.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet materially lowers solvency and refinancing risk for an exploration company that lacks operating cash flows. This structural strength lengthens runway per unit of capital raised and preserves strategic optionality when funding or JV decisions are needed.
Negative Factors
No revenue and recurring net losses
Lacking any operating revenue, the company cannot self-fund exploration or build margins; persistent net losses mean ongoing reliance on external capital. Over months this undermines financial resilience, increases execution risk, and makes project timelines contingent on financing outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet materially lowers solvency and refinancing risk for an exploration company that lacks operating cash flows. This structural strength lengthens runway per unit of capital raised and preserves strategic optionality when funding or JV decisions are needed.
Read all positive factors
Harvest Gold (HVG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.42M
Dividend YieldN/A
Average Volume (3M)234.59K
Price to Earnings (P/E)―
Beta (1Y)1.25
Revenue GrowthN/A
EPS Growth-230.94%
CountryCA
EmployeesN/A
SectorConsumer Defensive
Sector Strength42
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding123,604,790
10 Day Avg. Volume203,008
30 Day Avg. Volume234,594
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)2.22
Price to Sales (P/S)0.00
P/FCF Ratio-3.75
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
Harvest Gold Business Overview & Revenue Model
Company Description
Harvest Gold Corporation, an exploration stage company, engages in the acquisition, exploration, and development of natural resource properties. It explores for copper-gold porphyry projects. The company holds 100% interest in the Emerson project ...
How the Company Makes Money
null...
Harvest Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
55
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -3.16M | -357.01K | -263.00K | -309.00K | -744.00K | -440.00K |
| Net Income | -3.18M | -2.63M | -464.00K | -435.00K | -594.00K | -504.00K |
Balance Sheet | ||||||
| Total Assets | 3.95M | 1.03M | 2.79M | 3.04M | 3.51M | 1.13M |
| Cash, Cash Equivalents and Short-Term Investments | 1.23M | 170.69K | 311.84K | 514.81K | 819.03K | 818.21K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 362.92K | 290.95K | 212.48K | 79.10K | 112.90K | 146.58K |
| Stockholders Equity | 3.59M | 737.21K | 2.57M | 2.96M | 3.39M | 978.46K |
Cash Flow | ||||||
| Free Cash Flow | -336.13K | -436.69K | -335.01K | -524.88K | -2.95M | -490.79K |
| Operating Cash Flow | -708.23K | -436.69K | -225.03K | -227.28K | -665.50K | -266.26K |
| Investing Cash Flow | -1.68M | -396.69K | 22.06K | -76.94K | -2.33M | -208.54K |
| Financing Cash Flow | 3.43M | 692.23K | 0.00 | 0.00 | 2.99M | 1.16M |
Harvest Gold Technical Analysis
Negative
0.06
Price Trends
0.06
Negative
0.06
Negative
0.08
Negative
Market Momentum
>-0.01
Positive
43.32
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HVG, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.32 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:HVG.
Harvest Gold Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
50 Neutral | C$7.05M | 0.50 | ― | ― | ― | 38.50% | |
49 Neutral | C$7.42M | -7.56 | -93.08% | ― | ― | -230.94% | |
48 Neutral | C$9.04M | 3.99 | -46.43% | ― | ― | 94.57% | |
45 Neutral | C$8.66M | -2.08 | -107.25% | ― | ― | ― | |
42 Neutral | C$3.23M | 15.92 | -89.21% | ― | ― | -64.52% | |
| ― | C$4.97M | -6.73 | -13.58% | ― | ― | -50.00% |
* Consumer Defensive Sector Average
TSE:HVG
Harvest Gold
0.06
0.04
200.00%
TSE:WINS
Winshear Gold
0.13
0.05
78.57%
TSE:TRU
TRU Precious Metals Corp.
0.06
0.04
175.00%
TSE:VGD
Visible Gold Mines
0.19
0.12
171.43%
TSE:GCN
Goldcliff Resource
0.04
0.02
100.00%
TSE:EDGM
Edgemont Gold Corp.
0.18
0.02
12.50%
Harvest Gold Corporate Events
Business Operations and Strategy
Harvest Gold Identifies Strong New Gold Targets at 100% Owned LaBelle Project
Positive
Mar 19, 2026
Harvest Gold reported results from its 2025 soil geochemistry program at its LaBelle gold project, outlining multiple strong gold-in-soil and associated pathfinder element anomalies along the Kiask River Deformation Corridor. The newly defined ano...
Business Operations and StrategyM&A Transactions
Harvest Gold Expands Mosseau Footprint With New Claims in Urban Barry Belt
Positive
Mar 12, 2026
Harvest Gold has signed definitive agreements to acquire 24 additional mineral claims totaling 1,356 hectares from two prospector groups, expanding its Mosseau Project both north and south in Quebec’s Urban Barry Greenstone Belt. The newly a...
Business Operations and Strategy
Harvest Gold Hits 105 g/t Gold at Central Mosseau, Expands Kiask River Corridor
Positive
Feb 11, 2026
Harvest Gold reported high-grade drill results from the central part of its Mosseau Property in Quebec, highlighted by an interval of 105.0 g/t gold over 1.15 metres with visible gold in hole MO-25-25. The intercept lies within the Kiask River Def...
Business Operations and Strategy
Harvest Gold Hits Mosseau Spend Milestone, Advances Toward 80% Ownership in Flagship Quebec Asset
Positive
Feb 3, 2026
Harvest Gold has fulfilled the $1.25 million exploration expenditure requirement for 2025 at its flagship Mosseau property in Quebec’s Urban Barry Belt, satisfying a key condition of its mineral agreement with Vior Gold Corporation. Meeting ...
Business Operations and Strategy
Harvest Gold Uncovers Broad Gold-Silver-Copper Halos at Flagship Mosseau Property
Positive
Jan 29, 2026
Harvest Gold has identified multiple broad near-surface gold-silver-copper halos in the northern part of its Mosseau Property in Quebec’s Urban Barry Belt, following a detailed reassessment of both recent 2025 drilling and historical drill d...
Business Operations and Strategy
Harvest Gold Expands Gold-Silver-Copper System at Mosseau Dilation Zone
Positive
Jan 8, 2026
Harvest Gold reported the second set of assay results from its maiden drill program at the Mosseau property, highlighting the discovery of a significant gold-silver-copper halo associated with a major structural dilation zone southeast of the hist...
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.