K2 Gold (TSE:KTO)
:KTO
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K2 Gold
(KTO)
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Rating:48Neutral
Price Target:
C$0.77
▼(-5.85% Downside)
Action:Reiterated
Date:05/03/26
The score is primarily held back by weak financial performance (no revenue, widening losses, and accelerating cash burn), which increases dependence on external financing despite low leverage. Technicals are neutral-to-mixed with only slight positive momentum signals and elevated volatility. Valuation offers limited support given negative earnings and no dividend yield data.
Positive Factors
Low leverage / no debt
Very low leverage (debt-to-equity near zero) reduces solvency risk and interest burden, preserving financial flexibility to fund exploration or wait for favorable market conditions. This durable capital structure lowers short-term liquidity stress and supports optionality in funding choices.
Negative Factors
No revenue / persistent losses
Absence of revenue and widening net losses (4.8M in 2025 vs 0.8M in 2024) mean the company cannot self-fund operations. Over time this forces repeated financing or asset sales, dilutes shareholders, and leaves progress dependent on successful exploration outcomes rather than operating cash flow.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / no debt
Very low leverage (debt-to-equity near zero) reduces solvency risk and interest burden, preserving financial flexibility to fund exploration or wait for favorable market conditions. This durable capital structure lowers short-term liquidity stress and supports optionality in funding choices.
Read all positive factors
K2 Gold (KTO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$184.10M
Dividend YieldN/A
Average Volume (3M)340.56K
Price to Earnings (P/E)―
Beta (1Y)1.93
Revenue GrowthN/A
EPS Growth-280.28%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding242,238,850
10 Day Avg. Volume249,604
30 Day Avg. Volume340,560
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)6.99
Price to Sales (P/S)0.00
P/FCF Ratio-33.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$2.25Price Target Upside174.39% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
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
null...
K2 Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
68
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | -13.52K | -5.01K | 0.00 |
| EBITDA | -4.90M | -800.90K | 0.00 | -1.02M | -1.61M |
| Net Income | -4.84M | -800.90K | -1.08M | -1.24M | -1.82M |
Balance Sheet | |||||
| Total Assets | 18.42M | 18.46M | 16.77M | 13.03M | 14.12M |
| Cash, Cash Equivalents and Short-Term Investments | 10.85M | 132.79K | 195.16K | 313.22K | 2.85M |
| Total Debt | 0.00 | 0.00 | 40.00K | 40.00K | 40.00K |
| Total Liabilities | 377.22K | 110.44K | 297.82K | 216.53K | 378.35K |
| Stockholders Equity | 18.05M | 18.35M | 16.47M | 12.81M | 13.74M |
Cash Flow | |||||
| Free Cash Flow | -3.73M | -883.52K | -1.06M | -2.58M | -4.55M |
| Operating Cash Flow | -3.73M | -883.52K | -1.06M | -951.54K | -1.26M |
| Investing Cash Flow | -1.65M | -1.75M | -3.80M | -1.59M | -3.30M |
| Financing Cash Flow | 16.10M | 2.57M | 4.75M | 0.00 | 0.00 |
K2 Gold Technical Analysis
Negative
0.82
Price Trends
0.77
Negative
0.77
Negative
0.61
Positive
Market Momentum
<0.01
Positive
45.10
Neutral
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KTO, the sentiment is Negative. The current price of 0.82 is above the 20-day moving average (MA) of 0.78, above the 50-day MA of 0.77, and above the 200-day MA of 0.61, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.10 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | C$194.11M | 6.16 | 11.42% | ― | 35.24% | ― | |
63 Neutral | C$172.79M | 13.21 | 27.28% | ― | 148.00% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | C$137.39M | 21.30 | 21.84% | ― | ― | 34.36% | |
52 Neutral | C$260.76M | -5.23 | -47.65% | ― | ― | ― | |
48 Neutral | C$184.10M | -11.41 | -21.10% | ― | ― | -280.28% | |
42 Neutral | C$98.59M | -56.80 | -6.45% | ― | ― | 11.63% |
* Basic Materials Sector Average
TSE:KTO
K2 Gold
0.76
0.42
123.53%
TSE:OGN
Orogen Royalties
3.27
2.15
192.49%
TSE:GG
Golconda Gold
2.42
2.06
572.22%
TSE:WVM
West Kirkland Mining
1.70
0.49
40.50%
TSE:XTG
Xtra-Gold Resource
2.95
0.85
40.48%
TSE:GHRT
Greenheart Gold Inc.
1.26
0.48
61.54%
K2 Gold Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
K2 Gold Wins Key U.S. Approval to Launch Major Drilling at Mojave Project
Positive
Apr 8, 2026
K2 Gold Corporation, a mineral exploration company focused on gold and polymetallic deposits at its flagship Mojave Project in California’s Walker Lane Trend, has consolidated 100% ownership of the property and reports a solid treasury to su...
Business Operations and Strategy
K2 Gold Completes 3,871-Metre Drill Program at Nevada’s Si2 Project
Positive
Mar 26, 2026
K2 Gold has completed its 2026 reverse circulation drill program at the Si2 Gold Project in Nevada, drilling 3,871 metres across eight holes to test five priority target areas, including first-ever drilling at three new zones. The campaign aimed t...
Business Operations and StrategyPrivate Placements and Financing
K2 Gold Raises C$25.25 Million to Advance Mojave and Si2 Gold Projects
Positive
Feb 10, 2026
K2 Gold Corporation has closed a C$25.25 million financing under the listed issuer financing exemption, issuing 36,071,429 common shares at C$0.70 each, with post-financing share count rising to 234,341,670. The company plans to deploy the proceed...
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.