K2 Gold (TSE:KTO)
:KTO
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K2 Gold
(KTO)
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Rating:59Neutral
Price Target:
C$0.73
▼(-10.73% Downside)
Action:ReiteratedDate:12/30/25
The score is driven by strong technical momentum and favorable corporate de-risking/permitting progress, but capped by weak financial performance (no revenue, persistent losses and cash burn) and limited valuation support due to a negative P/E and no dividend.
Positive Factors
Conservative Balance Sheet
Essentially zero debt and a materially larger equity base provide durable financial flexibility for multi-stage exploration. This reduces bankruptcy and interest-rate risk, allows the company to fund permitting/drilling or negotiate earn-ins, and supports strategic optionality over the next 2–6 months.
Negative Factors
No Revenue / Persistent Losses
Lack of operating revenue and recurring losses are fundamental constraints: until a discovery is monetized or a partner steps in, the company cannot self-sustain exploration. Persistent operating deficits increase reliance on capital markets and raise the risk that progress stalls if financing becomes less available.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Essentially zero debt and a materially larger equity base provide durable financial flexibility for multi-stage exploration. This reduces bankruptcy and interest-rate risk, allows the company to fund permitting/drilling or negotiate earn-ins, and supports strategic optionality over the next 2–6 months.
Read all positive factors
K2 Gold (KTO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$171.55M
Dividend YieldN/A
Average Volume (3M)340.56K
Price to Earnings (P/E)―
Beta (1Y)1.74
Revenue GrowthN/A
EPS Growth-62.50%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding241,623,800
10 Day Avg. Volume249,604
30 Day Avg. Volume340,560
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)0.80
Price to Sales (P/S)0.00
P/FCF Ratio-16.55
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
K2 Gold Business Overview & Revenue Model
Company Description
K2 Gold Corporation, a junior mineral exploration company, acquires, explores for, and evaluates gold exploration projects in Canada and the United States. The company's flagship property is the Mojave Gold project that covers an area of approxima...
How the Company Makes Money
K2 Gold makes money through its exploration activities, which aim to discover economically viable gold deposits. The company's primary revenue streams include the sale of gold resources or assets, joint ventures, and partnerships with other mining...
K2 Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
66
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | -13.52K | -5.01K | 0.00 | 0.00 |
| EBITDA | -1.73M | -800.90K | 0.00 | -1.02M | -1.61M | -1.80M |
| Net Income | -1.72M | -800.90K | -1.08M | -1.24M | -1.82M | -1.80M |
Balance Sheet | ||||||
| Total Assets | 31.78M | 18.46M | 16.77M | 13.03M | 14.12M | 15.42M |
| Cash, Cash Equivalents and Short-Term Investments | 9.72M | 132.79K | 195.16K | 313.22K | 2.85M | 7.40M |
| Total Debt | 0.00 | 0.00 | 40.00K | 40.00K | 40.00K | 40.00K |
| Total Liabilities | 831.95K | 110.44K | 297.82K | 216.53K | 378.35K | 357.71K |
| Stockholders Equity | 30.95M | 18.35M | 16.47M | 12.81M | 13.74M | 15.07M |
Cash Flow | ||||||
| Free Cash Flow | -1.21M | -883.52K | -1.06M | -2.58M | -4.55M | -4.91M |
| Operating Cash Flow | -1.21M | -883.52K | -1.06M | -951.54K | -1.26M | -1.25M |
| Investing Cash Flow | -3.43M | -1.75M | -3.80M | -1.59M | -3.30M | -3.73M |
| Financing Cash Flow | 14.19M | 2.57M | 4.75M | 0.00 | 0.00 | 9.50M |
K2 Gold Technical Analysis
Neutral
0.82
Price Trends
0.75
Negative
0.71
Negative
0.54
Positive
Market Momentum
-0.02
Positive
45.68
Neutral
91.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KTO, the sentiment is Neutral. The current price of 0.82 is above the 20-day moving average (MA) of 0.73, above the 50-day MA of 0.75, and above the 200-day MA of 0.54, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 45.68 is Neutral, neither overbought nor oversold. The STOCH value of 91.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:KTO.
K2 Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | C$192.92M | 50.82 | 8.39% | ― | 39.37% | ― | |
67 Neutral | C$192.78M | 8.32 | 21.93% | ― | 145.27% | ― | |
64 Neutral | C$139.72M | 11.00 | 24.00% | ― | ― | 379.90% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | C$171.55M | -18.86 | -7.46% | ― | ― | -62.50% | |
51 Neutral | C$114.83M | -30.43 | -6.45% | ― | ― | -35.33% |
* Basic Materials Sector Average
TSE:KTO
K2 Gold
0.71
0.54
317.65%
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K2 Gold Corporate Events
Business Operations and StrategyPrivate Placements and Financing
K2 Gold Seeks Up to C$15 Million to Advance Mojave and Si2 Projects
Positive
Jan 28, 2026
K2 Gold Corporation has launched a non-brokered private placement of up to 21.43 million common shares at C$0.70 per share to raise as much as C$15 million, using a listed issuer financing exemption in most Canadian jurisdictions outside Quebec. T...
Business Operations and Strategy
K2 Gold Begins Deep-Target Drilling at Si2 Project in Nevada
Positive
Jan 22, 2026
K2 Gold has commenced drilling at its 100%-owned Si2 Gold Project in Nevada’s Walker Lane Trend, marking the first test of deeper, newly defined structural targets in what the company now interprets as an intact low-sulphidation epithermal g...
Business Operations and Strategy
K2 Gold to Launch Deeper Drilling at Nevada’s Si2 Project Targeting High-Grade Epithermal Gold
Positive
Jan 19, 2026
K2 Gold Corporation plans to begin a fully funded drill program of up to 2,000 metres at its Si2 Project near Tonopah, Nevada, on or about January 21, 2026, following 2025 geological and geophysical studies that indicate the presence of an intact ...
Business Operations and StrategyRegulatory Filings and Compliance
K2 Gold Files NI 43-101 Technical Report for Mojave and Cerro Gordo Projects
Positive
Jan 15, 2026
K2 Gold Corporation has filed an independent NI 43-101 technical report for its Mojave and Cerro Gordo projects in Inyo County, California, providing an updated, regulator-compliant overview of project location, tenure, historical work, geology, a...
Business Operations and Strategy
K2 Gold Sanctions $9.8 Million 2026 Exploration Budget to Advance Mojave and Si2 Projects
Positive
Jan 5, 2026
K2 Gold has approved a $9.8 million exploration budget for 2026 to accelerate drilling and project advancement across its portfolio, with a primary focus on the Mojave Project in California and new high-priority targets at the Si2 Project in Nevad...
Business Operations and StrategyRegulatory Filings and Compliance
K2 Gold Caps ‘Transformational’ 2025 by De‑Risking Mojave and Expanding U.S. Project Ownership
Positive
Dec 22, 2025
K2 Gold reported a transformational 2025, marked by securing 100% ownership of both its flagship Mojave Project in California and the Si2 Project in Nevada, achieving a key federal permitting milestone at Mojave with the publication of the Final E...
Business Operations and Strategy
K2 Gold Unveils Promising New Insights for Si2 Project
Positive
Dec 8, 2025
K2 Gold Corporation has announced new geological studies that strengthen the potential of its Si2 Project as a significant low-sulphidation epithermal gold deposit. The studies reveal that previous drilling only reached the upper levels of a poten...
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.