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Harvest Gold
(HVG)
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Rating:43Neutral
Price Target:
C$0.05
▼(-11.67% Downside)
Action:Reiterated
Date:04/25/26
The score is driven primarily by weak financial performance (no revenue, persistent losses, and cash burn) and bearish technicals (trading below key moving averages with negative MACD). Valuation is not supportive because losses make the negative P/E less informative and no dividend yield is provided.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet materially lowers refinancing and interest-rate risk, giving management long-term flexibility to fund exploration or wait for favorable market conditions. This structural strength reduces insolvency risk versus peers with leveraged capital structures.
Negative Factors
No revenue base
Without any operating revenue, the business cannot self-fund exploration or cover overhead; margins are non-existent and all progress depends on external capital. This creates persistent financing dependency and elevates execution risk for multi-year projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet materially lowers refinancing and interest-rate risk, giving management long-term flexibility to fund exploration or wait for favorable market conditions. This structural strength reduces insolvency risk versus peers with leveraged capital structures.
Read all positive factors
Harvest Gold (HVG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.56M
Dividend YieldN/A
Average Volume (3M)234.59K
Price to Earnings (P/E)―
Beta (1Y)1.37
Revenue GrowthN/A
EPS Growth-306.96%
CountryCA
EmployeesN/A
SectorConsumer Defensive
Sector Strength42
IndustryGold
Share Statistics
EPS (TTM)-0.06
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 operates as an exploration-stage enterprise, concentrating its efforts on discovering, evaluating, and advancing natural resource properties. The company primarily targets copper-gold porphyry deposits. Harvest Gold posses...
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
0.05
Negative
0.06
Negative
0.07
Negative
Market Momentum
>-0.01
Negative
39.34
Neutral
>-0.01
Positive
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 above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.05, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 39.34 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, 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% | |
46 Neutral | C$7.62M | -2.08 | -107.25% | ― | ― | 1.12% | |
45 Neutral | C$5.75M | -322,818,021,289,917,000.00 | -46.43% | ― | ― | 94.57% | |
44 Neutral | C$3.23M | -12.50 | -89.21% | ― | ― | 38.46% | |
44 Neutral | C$4.97M | -0.94 | -13.58% | ― | ― | -765.25% | |
43 Neutral | C$5.56M | -0.72 | -93.08% | ― | ― | -306.96% | |
43 Neutral | C$4.83M | 1.74 | ― | ― | ― | ― |
* Consumer Defensive Sector Average
TSE:HVG
Harvest Gold
0.05
-0.06
-55.00%
TSE:WINS
Winshear Gold
0.11
0.03
37.50%
TSE:TRU
TRU Precious Metals Corp.
0.04
0.02
75.00%
TSE:VGD
Visible Gold Mines
0.13
0.06
91.18%
TSE:GCN
Goldcliff Resource
0.04
<0.01
14.29%
TSE:EDGM
Edgemont Gold Corp.
0.18
0.00
0.00%
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...
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.