Leocor Gold (LECR) AI Stock Analysis

• Market Cap: C$5.91M
• Dividend Yield: N/A
• Average Volume (3M): 30.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.51
• Revenue Growth: N/A
• EPS Growth: 97.05%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): N/A
• Shares Outstanding: 118,232,400
• 10 Day Avg. Volume: 14,281
• 30 Day Avg. Volume: 30,191
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.87
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -10.85
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: C$0.05 ▼(-20.00% Downside)
• Action: Reiterated Date: 03/17/26
• Date: Action: Reiterated 03/17/26

The score is primarily held down by weak financial performance (no revenue, recurring losses, and ongoing cash burn with a declining equity base). Technicals add further pressure with a below-average price and bearish momentum signals. Valuation provides limited support because losses make the negative P/E less informative and no dividend yield is available.

Positive Factors

Zero reported debt / conservative leverage

Zero reported debt materially lowers financial distress risk for an exploration company that faces multi-year projects. It preserves flexibility to time equity or partner financings, reduces fixed cash obligations, and lengthens the runway to advance claims before needing urgent capital raises.

Asset monetization business model (JV/sale)

A clear monetization pathway via property sales, option/JV deals or M&A aligns incentives with large miners and financiers. Structurally, this model lets the company de-risk targets and capture value through discrete milestones without needing to fund mine construction, matching sector norms.

Active early-stage exploration programs

Ongoing mapping, sampling and drilling generate the technical data necessary to de-risk prospects and create partner-attractive milestones. These activities are durable value drivers: positive drill results can re-rate project economics and enable option or JV transactions over a multi-month horizon.

Negative Factors

Pre-revenue with recurring losses

No operating revenue means the company cannot self-fund exploration and must rely on external capital. Persistent losses erode equity and amplify dilution risk over time, making long-term project advancement contingent on continued financing or partner deals rather than operational cash flow.

Persistent operating cash burn

Consistent negative operating and free cash flow forces recurring financings to sustain exploration programs. That increases execution risk, creates timing pressure to secure partners or raises, and can delay or truncate campaigns if capital markets tighten, impeding discovery timelines.

Declining equity base / funding dilution

A materially smaller equity base reduces the balance-sheet cushion for exploration setbacks and implies prior dilution or losses. Continued shrinkage makes future capital raises more dilutive and signals reliance on external funding, which can undermine long-term shareholder value retention.

Leocor Gold Business Overview & Revenue Model

Company Description

Leocor Gold Inc., an exploration stage company, engages in the acquisition and exploration precious metal projects in Canada. It explores for copper, molybdenum, gold, and silver deposits. The company holds an option to acquire 100% interest in the Robert's Arm project, Lemington project, and Hodge's Hill project situated in Newfoundland; and the Dorset gold project, Five Mile Brook project, and Copper Creek project located in Newfoundland and Labrador. It also holds an option to acquire 100% interest in the Star Trek project situated in Gander, Newfoundland. The comany was formerly known as Leocor Ventures Inc. and changed its name to Leocor Gold Inc. in August 2020. Leocor Gold Inc. was incorporated in 2018 and is based in Vancouver, Canada.

How the Company Makes Money

Leocor Gold is an exploration-stage company; specific, recurring operating revenue from product sales or mine production is not publicly indicated in the provided context. As a result, its typical economic model is to (1) raise capital—most commonly through issuing equity (and potentially other financings such as warrants/flow-through shares where applicable)—to fund exploration and corporate overhead, and (2) create shareholder value by advancing exploration assets to the point where they can be monetized through a transaction such as a property sale, option/joint venture with a larger mining company, or a merger/acquisition. Any current revenue streams from mining operations, royalties, or offtake agreements are not available here and are therefore null. Significant partnerships or specific deal terms contributing to earnings: null.

Leocor Gold Financial Statement Overview

Summary

Pre-revenue profile with structurally negative profitability and recurring losses. Balance sheet strength is a key offset (no reported debt), but equity has declined materially over time and both operating cash flow and free cash flow remain persistently negative, indicating ongoing funding/burn risk.

Income Statement

The company reports no revenue across all provided annual periods, which is typical of an early-stage exploration story but results in structurally negative profitability. Losses have been volatile: net income improved sharply from a large loss in 2023 (-8.14M) to a much smaller loss in 2024 (-0.11M), but then deteriorated again in 2025 (-1.77M). EBIT also remains consistently negative (2025: -0.68M), indicating ongoing cost burn without operating scale.

Balance Sheet

The balance sheet is conservatively levered with zero reported debt in every period, which reduces financial risk and provides flexibility. However, equity has trended down meaningfully from 2022 (14.91M) to 2025 (8.06M), consistent with cumulative losses and/or funding dilution. Returns on equity are negative across all years (2025 ROE about -22%), underscoring that the asset base is not yet generating profits.

Cash Flow

Cash generation is weak, with operating cash flow negative every year (2025: -0.65M; 2024: -0.38M), and free cash flow also persistently negative (2025: -0.65M). Free cash flow improved in 2024 versus 2023, but worsened again in 2025 (free cash flow growth about -59%). While free cash flow to net income appears near 1.0 in 2024–2025, that largely reflects both figures being negative (cash burn tracking accounting losses rather than indicating quality earnings).

Breakdown	Oct 2025	Jan 2025	Jan 2024	Jan 2023	Jan 2022
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00
EBITDA	-679.51K	-110.00K	-280.00K	242.58K	-2.45M
Net Income	-1.77M	-110.00K	-8.14M	-507.00K	-2.45M
Balance Sheet
Total Assets	8.52M	9.55M	7.25M	15.44M	15.22M
Cash, Cash Equivalents and Short-Term Investments	4.76M	6.87M	3.81M	5.50M	9.18M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	460.80K	339.60K	215.29K	525.68K	634.93K
Stockholders Equity	8.06M	9.21M	7.04M	14.91M	14.58M
Cash Flow
Free Cash Flow	-648.33K	-383.51K	-1.69M	-3.84M	-3.65M
Operating Cash Flow	-648.33K	-383.51K	-85.19K	-731.76K	-1.92M
Investing Cash Flow	-1.20M	-3.13M	-1.61M	-3.11M	-1.68M
Financing Cash Flow	615.83K	2.25M	0.00	159.70K	10.62M

Leocor Gold Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LECR, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.07, and above the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.50 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:LECR.

Leocor Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GLD	51 Neutral	C$6.88M	-26.07	-40.98%	―	―	79.47%
XGC	49 Neutral	C$52.32M	-10.20	-18.03%	―	―	―
MASS	48 Neutral	C$8.49M	-10.26	-187.07%	―	―	-42.86%
LECR	43 Neutral	C$5.91M	-3.97	-5.66%	―	―	97.05%
MEX	43 Neutral	C$4.56M	-2.76	-604.93%	―	―	18.99%

Leocor Gold Corporate Events

Leocor Mining to Launch VTEM Survey at Baie Verte Gold-Copper Project in Newfoundland

Leocor Mining plans to conduct a VTEM airborne electromagnetic survey over its 2,002-hectare Baie Verte gold-copper project on Newfoundland’s north-central coast to refine drill targets across the entire property. The program follows last summer’s discovery of volcanogenic massive sulphide-style mineralization at the Copper Creek area, which management views as a strong rationale for further drilling.

The survey is expected to generate detailed conductivity data that should help the company prioritize high-potential zones for follow-up drilling within the VMS system identified to date. By applying time-domain EM methods well suited to detecting highly conductive sulphide bodies, Leocor aims to advance the Baie Verte project more efficiently and potentially enhance the overall exploration upside of its broader district-scale land position.

The most recent analyst rating on (TSE:LECR) stock is a Sell with a C$0.04 price target. To see the full list of analyst forecasts on Leocor Gold stock, see the TSE:LECR Stock Forecast page.