Independence Gold (IGO) Price & Analysis

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IGO Stock Chart & Stats

C$0.11

>-C$0.01(-2.44%)

At close: Jan 08 4:00 PM EST

C$0.11

>-C$0.01(-2.44%)

Day’s Range― - ―

52-Week RangeC$0.09 - C$0.24

Previous CloseN/A

Volume48.21K

Average Volume (3M)922.17K

Market Cap

C$25.68M

Enterprise ValueC$18.72M

Total Cash (Recent Filing)C$3.92M

Total Debt (Recent Filing)C$170.33K

Price to Earnings (P/E)―

Beta1.93

Next Earnings

Apr 29, 2026

EPS EstimateN/A

Next Dividend Ex-DateN/A

Dividend YieldN/A

Share Statistics

EPS (TTM)>-0.01

Shares Outstanding256,805,000

10 Day Avg. Volume1,159,303

30 Day Avg. Volume922,172

Financial Highlights & Ratios

PEG Ratio-0.49

Price to Book (P/B)2.65

Price to Sales (P/S)0.00

P/FCF Ratio-7.53

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

Bulls Say, Bears Say

Bulls Say

Low Leverage / Conservative Capital StructureLow leverage materially reduces financial risk for an exploration-stage miner. With debt-to-equity around 2%, the company faces minimal interest burden, preserving flexibility to allocate capital to drilling and resource definition and reducing insolvency risk during multi-stage exploration timelines.

Recent Financing Extends RunwayThe C$3.5M private placement is a structural boost to funding that extends runway for ongoing field programs and drilling. It reduces immediate financing urgency, supports advancing projects to resource milestones, and lowers the near-term probability of highly dilutive emergency raises.

Exploration Upside At 3Ts ProjectNew anomalies, expanded mineralization and an updated resource estimate at the 3Ts Project increase the firm's asset optionality. Over months this can translate into higher-confidence resources and scale, improving the likelihood of value-accretive joint ventures or development pathways rather than remaining an early-stage prospect generator.

Bears Say

Pre-revenue With Widening LossesA persistent pre-revenue profile with widening net losses structurally erodes equity and necessitates repeated external funding. Over the medium term this undermines capital efficiency, increases dilution risk for shareholders, and constrains the company’s ability to progress projects without continual access to new financing or partner deals.

Negative Operating And Free Cash FlowConsistently negative operating and free cash flow imply ongoing cash burn that closely tracks reported losses. This creates structural funding needs to sustain exploration programs, raising the likelihood of dilution or halted programs if capital markets access tightens, and limits strategic optionality compared with self-funded peers.

Weak Capital Efficiency / Negative ROEA declining, volatile equity base combined with deeply negative ROE indicates poor capital efficiency and value destruction. Structurally, this makes attracting non-dilutive financing or favourable JV partners harder, pressures future fundraising terms, and signals management has yet to translate exploration spend into shareholder value.

Independence Gold News

Independence Gold Unveils New Exploration Targets From 3Ts Geophysical Survey

Independence Gold ( ($TSE:IGO) ) has issued an announcement. Independence Gold has completed its first property-wide helicopter-borne airborne...

25d ago

Independence Gold to Showcase 3Ts Drill Core at AME Roundup 2026

An update from Independence Gold ( ($TSE:IGO) ) is now available. Independence Gold Corp. will showcase drill core...

29d ago

Independence Gold Upgrades 3Ts Resource With New NI 43-101 Report

The latest announcement is out from Independence Gold ( ($TSE:IGO) ). Independence Gold has filed an updated NI...

1M ago

Independence Gold Raises C$3.5 Million in Private Placement to Advance B.C. Exploration

Independence Gold ( ($TSE:IGO) ) has issued an announcement. Independence Gold Corp. has closed a non-brokered private placement...

2M ago

Independence Gold Corp. Launches $5 Million Financing Initiative

Independence Gold ( ($TSE:IGO) ) has provided an announcement. Independence Gold Corp. announced a non-brokered equity financing plan...

2M ago

Independence Gold Uncovers New Anomalies at 3Ts Project

The latest update is out from Independence Gold ( ($TSE:IGO) ). Independence Gold Corp. announced the discovery of...

3M ago

Independence Gold Announces Major Update to 3Ts Project Resource Estimate

An update from Independence Gold ( ($TSE:IGO) ) is now available. Independence Gold Corp. has announced a substantial...

3M ago

Independence Gold Expands Mineralization at 3Ts Project

Independence Gold ( ($TSE:IGO) ) has issued an announcement. Independence Gold Corp. has announced a significant expansion of...

4M ago

Independence Gold Launches Geophysical Survey at 3Ts and Tay Projects

Independence Gold ( ($TSE:IGO) ) has shared an update. Independence Gold Corp. has initiated a helicopter-borne geophysical survey...

5M ago

Independence Gold Resumes Exploration at 3Ts Project Post-Wildfire

The latest announcement is out from Independence Gold ( ($TSE:IGO) ). Independence Gold Corp. announced the lifting of...

5M ago

IGO FAQ

What was Independence Gold Corp’s price range in the past 12 months?

Independence Gold Corp lowest stock price was C$0.09 and its highest was C$0.23 in the past 12 months.

What is Independence Gold Corp’s market cap?

Independence Gold Corp’s market cap is C$25.68M.

When is Independence Gold Corp’s upcoming earnings report date?

Independence Gold Corp’s upcoming earnings report date is Apr 29, 2026 which is in 67 days.

How were Independence Gold Corp’s earnings last quarter?

Independence Gold Corp released its earnings results on Nov 10, 2025. The company reported -C$0.005 earnings per share for the quarter, missing the consensus estimate of N/A by -C$0.005.

Is Independence Gold Corp overvalued?

According to Wall Street analysts Independence Gold Corp’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Independence Gold Corp pay dividends?

Independence Gold Corp does not currently pay dividends.

What is Independence Gold Corp’s EPS estimate?

Independence Gold Corp’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Independence Gold Corp have?

Independence Gold Corp has 256,805,000 shares outstanding.

What happened to Independence Gold Corp’s price movement after its last earnings report?

Independence Gold Corp reported an EPS of -C$0.005 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went same 0%.

Which hedge fund is a major shareholder of Independence Gold Corp?

Currently, no hedge funds are holding shares in TSE:IGO

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Independence Gold Corp

Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in North America. It explores for gold and silver deposits. The company holds 100% interest in the 3Ts project comprising 15 mineral claims covering approximately 5,200 hectares located in the Nechako Plateau region of central British Columbia; and the Moosehorn property that consists of 82 quartz mining claims covering an area of approximately 1,720 hectares located in the Whitehorse mining district, Yukon. It also holds interests in the Boulevard project with approximately 958 quartz mining claims covering approximately 19,960 hectares situated in Whitehorse mining district, Yukon. In addition, the company has an option to acquire 60% interests in Merit property that consists of four mineral claims covering an area of approximately 1,907 hectares located in the Spences Bridge Gold Belt, British Columbia; and Nicoamen property comprises of nine mineral claims covering approximately 3,332 hectares located in the Spences Bridge Gold Belt, British Columbia. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.