Kenorland Minerals (TSE:KLD)
:KLD
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Kenorland Minerals
(KLD)
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Rating:52Neutral
Price Target:
C$2.50
▼(-11.97% Downside)
Action:Reiterated
Date:04/21/26
The score is driven primarily by mixed financial fundamentals: a strong, low-debt balance sheet and improved recent cash flow are outweighed by ongoing losses and volatile profitability. Technical indicators are broadly neutral, while valuation is a headwind due to the high P/E and lack of dividend support.
Positive Factors
Balance Sheet Strength
Very low leverage and a strong balance sheet provide durable financial flexibility for a mineral explorer. This reduces solvency risk, supports multi-year exploration programs, and allows Kenorland to fund or partner projects through cycles without immediate pressure to sell assets or accept highly dilutive terms.
Negative Factors
Negative Operating Profit
Persistent negative EBIT/EBITDA and widening net losses indicate the business is not yet self-sustaining from operations. For an explorer, this means continued dependency on external funding or partner earn-ins; prolonged operating deficits could pressure capital structure and limit ability to advance multiple projects simultaneously.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Very low leverage and a strong balance sheet provide durable financial flexibility for a mineral explorer. This reduces solvency risk, supports multi-year exploration programs, and allows Kenorland to fund or partner projects through cycles without immediate pressure to sell assets or accept highly dilutive terms.
Read all positive factors
Kenorland Minerals (KLD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$171.88M
Dividend YieldN/A
Average Volume (3M)35.52K
Price to Earnings (P/E)―
Beta (1Y)1.38
Revenue Growth65.30%
EPS Growth-163.88%
CountryCA
Employees45
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.14
Shares Outstanding79,943,690
10 Day Avg. Volume14,410
30 Day Avg. Volume35,523
Financial Highlights & Ratios
PEG Ratio-0.14
Price to Book (P/B)4.83
Price to Sales (P/S)43.45
P/FCF Ratio693.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$4.00Price Target Upside40.85% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kenorland Minerals Business Overview & Revenue Model
Company Description
Kenorland Minerals Ltd., a mineral exploration Company, engages in the acquisition and exploration of precious metal mineral properties in North America. It explores for gold, silver, and other precious metals. The company's flagship properties ar...
How the Company Makes Money
Kenorland Minerals makes money primarily through the exploration-property business model, where it generates and advances mineral exploration projects and seeks to monetize them via option/earn-in agreements, joint ventures, royalties, or outright...
Kenorland Minerals Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Mar 2025 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.72M | 2.85M | 3.72M | 2.47M | 2.00M |
| Gross Profit | 4.62M | 2.76M | 3.67M | 2.46M | 1.97M |
| EBITDA | -2.10M | -1.94M | -4.13M | 18.97M | 1.04M |
| Net Income | -10.11M | -3.69M | -4.42M | 16.24M | 1.11M |
Balance Sheet | |||||
| Total Assets | 53.52M | 58.86M | 50.08M | 55.55M | 24.48M |
| Cash, Cash Equivalents and Short-Term Investments | 20.62M | 28.19M | 25.43M | 24.13M | 9.42M |
| Total Debt | 137.45K | 217.71K | 286.96K | 0.00 | 112.47K |
| Total Liabilities | 11.13M | 9.24M | 7.64M | 10.58M | 3.99M |
| Stockholders Equity | 42.39M | 49.62M | 42.45M | 44.97M | 20.49M |
Cash Flow | |||||
| Free Cash Flow | 295.54K | 1.12M | -179.16K | -444.11K | -21.75M |
| Operating Cash Flow | 302.73K | 1.12M | -137.97K | -431.18K | -3.04M |
| Investing Cash Flow | -8.73M | -9.08M | 1.40M | 8.57M | -5.37M |
| Financing Cash Flow | 851.60K | 10.72M | 34.29K | 6.57M | 5.29M |
Kenorland Minerals Technical Analysis
Negative
2.84
Price Trends
2.41
Negative
2.60
Negative
2.33
Negative
Market Momentum
-0.06
Positive
38.14
Neutral
13.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KLD, the sentiment is Negative. The current price of 2.84 is above the 20-day moving average (MA) of 2.31, above the 50-day MA of 2.41, and above the 200-day MA of 2.33, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 38.14 is Neutral, neither overbought nor oversold. The STOCH value of 13.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:KLD.
Kenorland Minerals 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% | |
52 Neutral | C$171.88M | -10.36 | -21.67% | ― | 65.30% | -163.88% | |
50 Neutral | C$155.90M | 2.68 | 12.09% | ― | ― | ― | |
49 Neutral | C$144.34M | -64.93 | -19.16% | ― | ― | 21.13% | |
47 Neutral | C$293.59M | -51.40 | -157.48% | ― | ― | 21.97% | |
44 Neutral | C$162.91M | -20.06 | -45.94% | ― | ― | -134.86% | |
44 Neutral | C$162.29M | -5.66 | -42.23% | ― | ― | -234.46% |
* Basic Materials Sector Average
TSE:KLD
Kenorland Minerals
2.07
0.64
44.76%
TSE:TSK
Talisker Resources
1.31
0.82
167.35%
TSE:FURY
Fury Gold Mines
0.80
0.30
60.00%
TSE:GRSL
GR Silver Mining
0.31
0.16
110.34%
TSE:DMX
District Metals
0.77
0.37
92.50%
TSE:TDG
TDG Gold
0.55
-0.07
-11.29%
Kenorland Minerals Corporate Events
Business Operations and Strategy
Kenorland and Auranova Advance Phase 3 Drilling at South Uchi Gold Project in Red Lake District
Positive
Apr 1, 2026
Kenorland Minerals has launched a Phase 3 spring diamond drill campaign at its South Uchi Project in Ontario, operated under an option agreement with Auranova Resources. The program will test up to 3,000 metres over six holes at the Papaonga targe...
Business Operations and StrategyM&A Transactions
Kenorland Minerals Expands Ontario Gold Exploration Footprint With Lang Lake and Muskrat Dam Acquisitions
Positive
Mar 26, 2026
Kenorland Minerals has expanded its exploration footprint in northern Ontario through agreements to acquire 10,200 hectares of mineral claims at Lang Lake and 58,700 hectares at Muskrat Dam, consolidating 100% ownership of both projects. The Lang ...
Business Operations and Strategy
Kenorland and Auranova Launch Phase 3 Drilling at South Uchi Gold Project
Positive
Mar 18, 2026
Kenorland Minerals and Auranova Resources have approved a Phase 3 diamond drill program at the South Uchi Project in Ontario, planning up to 3,000 metres of drilling across six holes at the Papaonga target area beginning by the end of March. The c...
Business Operations and StrategyRegulatory Filings and Compliance
Kenorland Files NI 43-101 Report Confirming 2.55 Moz Inferred Gold at Frotet’s Regnault Deposit
Positive
Jan 29, 2026
Kenorland Minerals has filed an NI 43-101 technical report for the Frotet Project’s Regnault gold deposit in Quebec, confirming an initial inferred mineral resource of 14.5 million tonnes grading 5.47 grams per tonne gold for 2.55 million ou...
Business Operations and Strategy
Kenorland and Auranova Uncover New Gold-Bearing Corridor at South Uchi Project
Positive
Jan 28, 2026
Kenorland Minerals and Auranova Resources reported full assay results from their 2025 fall diamond drill program at the South Uchi Project in Ontario’s Red Lake District, where 13 holes totaling 7,075 metres expanded the Papaonga gold target...
Business Operations and Strategy
Kenorland Minerals Issues 4.08 Million Stock Options to Align Stakeholder Incentives
Positive
Jan 23, 2026
Kenorland Minerals has granted stock options to directors, officers, employees and consultants for a total of 4,080,000 common shares at an exercise price of $3.31 per share, with a five-year term and staggered vesting over three years. The move s...
Business Operations and Strategy
Kenorland Minerals Unveils Grassroots Gold Discovery at Opinaca Project in Quebec
Positive
Jan 21, 2026
Kenorland Minerals has announced a grassroots gold discovery at the Opinaca Project in Quebec’s James Bay region, where it is the operator and holds a 3% NSR royalty on ground owned by Targa Exploration. The maiden drill program, comprising ...
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.