Liberty Gold Corp (TSE:LGD)
TSX:LGD
Top Page
Liberty Gold
(TSX:LGD)
Select Model
Select Model
Rating:46Neutral
Price Target:
C$1.00
▼(-20.00% Downside)
Action:ReiteratedDate:03/27/26
The score is primarily held back by weak financial performance (no revenue, ongoing losses, and negative free cash flow implying continued financing dependence). Technicals add pressure with bearish near-term signals (below key short-term moving averages and negative MACD). Valuation provides limited support because the company is loss-making and no dividend yield is available.
Positive Factors
Low leverage / strong balance sheet
Very low reported debt materially reduces refinancing and solvency risk for a pre-production developer. This structural balance-sheet strength gives the company time to advance projects, negotiate JV or farm-out terms, and avoid near-term distress financing that could impair project economics.
Negative Factors
No revenue / persistent losses
The company remains pre-revenue and records sizable recurring net losses, which is structural for exploration firms but limits internal funding capacity. Persistent negative earnings mean value creation depends on successful resource advancement or external capital, increasing execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low reported debt materially reduces refinancing and solvency risk for a pre-production developer. This structural balance-sheet strength gives the company time to advance projects, negotiate JV or farm-out terms, and avoid near-term distress financing that could impair project economics.
Read all positive factors
Liberty Gold (LGD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$651.95M
Dividend YieldN/A
Average Volume (3M)1.78M
Price to Earnings (P/E)―
Beta (1Y)2.32
Revenue GrowthN/A
EPS Growth0.31%
CountryCA
Employees14
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding521,559,300
10 Day Avg. Volume1,197,858
30 Day Avg. Volume1,775,084
Financial Highlights & Ratios
PEG Ratio-0.62
Price to Book (P/B)7.22
Price to Sales (P/S)0.00
P/FCF Ratio-13.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$5.02Price Target Upside301.24% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.02
Revenue Forecast (FY)C$1.00M
Liberty Gold Business Overview & Revenue Model
Company Description
Liberty Gold Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada, the United States and Turkey. The company primarily explores for gold, silver, lead, zinc, copper, and othe...
How the Company Makes Money
Liberty Gold primarily makes money indirectly by creating value through the discovery, delineation, and advancement of gold projects rather than through recurring operating revenue from mining (production-stage revenue is null if the company is no...
Liberty Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
66
Positive
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -215.86K | 0.00 | 0.00 | -353.00K | -337.00K |
| EBITDA | -23.96M | -16.41M | -16.96M | -28.22M | -24.87M |
| Net Income | -23.86M | -18.14M | -20.19M | -21.10M | -30.29M |
Balance Sheet | |||||
| Total Assets | 44.01M | 24.44M | 35.34M | 47.95M | 53.33M |
| Cash, Cash Equivalents and Short-Term Investments | 28.03M | 6.97M | 9.08M | 19.81M | 17.26M |
| Total Debt | 651.98K | 255.63K | 126.60K | 330.31K | 598.78K |
| Total Liabilities | 6.55M | 3.28M | 4.93M | 5.35M | 13.00M |
| Stockholders Equity | 37.47M | 21.16M | 27.64M | 38.95M | 32.80M |
Cash Flow | |||||
| Free Cash Flow | -19.38M | -13.46M | -16.75M | -24.91M | -21.70M |
| Operating Cash Flow | -19.34M | -13.44M | -15.80M | -24.51M | -20.94M |
| Investing Cash Flow | 2.35M | 3.16M | -80.52K | 6.80M | 7.06M |
| Financing Cash Flow | 37.96M | 9.07M | 5.39M | 22.61M | 14.32M |
Liberty Gold Technical Analysis
Positive
1.25
Price Trends
1.27
Negative
1.06
Positive
0.79
Positive
Market Momentum
-0.02
Negative
54.11
Neutral
79.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LGD, the sentiment is Positive. The current price of 1.25 is above the 20-day moving average (MA) of 1.15, below the 50-day MA of 1.27, and above the 200-day MA of 0.79, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 54.11 is Neutral, neither overbought nor oversold. The STOCH value of 79.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:LGD.
Liberty Gold 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% | |
56 Neutral | C$558.15M | -44.17 | -3.53% | ― | ― | -445.00% | |
53 Neutral | C$334.79M | -39.83 | -10.35% | ― | ― | -69.66% | |
46 Neutral | C$651.95M | -11.34 | -76.97% | ― | ― | 0.31% | |
46 Neutral | C$369.80M | -29.69 | -8.36% | ― | ― | 37.78% | |
45 Neutral | C$259.10M | -7.24 | -27.79% | ― | ― | ― |
* Basic Materials Sector Average
TSE:LGD
Liberty Gold
1.25
0.93
284.62%
TSE:BYN
Banyan Gold
1.34
1.11
475.11%
TSE:NEXG
Treasury Metals
1.52
0.87
133.85%
TSE:GOLD
GoldMining
1.73
0.68
64.76%
TSE:SIG
Sitka Gold Corp.
0.86
0.35
68.63%
Liberty Gold Corporate Events
Business Operations and Strategy
Liberty Gold’s 2025 Black Pine Drilling Boosts Resources and Expansion Potential
Positive
Apr 8, 2026
Liberty Gold Corp., a U.S.-focused gold developer, is advancing its 100%-owned Black Pine oxide gold project in Idaho’s Great Basin, a past-producing heap-leach deposit moving through feasibility and permitting toward a modern open-pit mine....
Business Operations and StrategyRegulatory Filings and Compliance
Liberty Gold Reaches Key NEPA Milestone for Black Pine Gold Project
Positive
Apr 4, 2026
Liberty Gold has reached a key permitting milestone for its Black Pine oxide gold project in southeastern Idaho as the U.S. Forest Service published a Notice of Intent to prepare an Environmental Impact Statement, formally launching the federal NE...
Business Operations and StrategyM&A Transactions
Liberty Gold Sells Gage Project to Blue Moon Metals for US$2 Million
Positive
Apr 2, 2026
Liberty Gold has completed the sale of its Gage Project to Blue Moon Metals for total consideration of about US$2 million, consisting of 420,935 Blue Moon common shares and a 2.0% net smelter return royalty. The divestiture further concentrates Li...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Liberty Gold Advances Black Pine With Resource Growth and Key U.S. Permitting Wins
Positive
Mar 26, 2026
Liberty Gold reported its 2025 year-end financial and operating results, highlighting substantial progress at its flagship Black Pine gold project in Idaho. The company advanced Black Pine through resource expansion, the launch of a feasibility st...
Business Operations and StrategyM&A Transactions
Liberty Gold Sells Goldstrike Project to Fund Flagship Black Pine Asset
Positive
Mar 23, 2026
Liberty Gold has agreed to sell its Goldstrike Project in southern Utah to Heliostar Metals for total consideration of US$72.5 million, comprising staged cash payments and Heliostar shares. The deal, approved by Liberty Gold’s board and supp...
Business Operations and StrategyRegulatory Filings and Compliance
Liberty Gold Wins Fast-Tracked, Coordinated Permitting Path for Black Pine Project
Positive
Mar 23, 2026
Liberty Gold has secured a coordinated federal and state permitting schedule for its Black Pine Oxide Gold Project in Idaho under the U.S. FAST-41 framework, making it the first U.S. mining project with both federal and state agencies aligned to a...
Business Operations and StrategyRegulatory Filings and Compliance
Idaho FAST-41 Alignment Gives Liberty Gold’s Black Pine a Permitting Edge
Positive
Mar 20, 2026
Liberty Gold has secured a key permitting advantage for its Black Pine Oxide Gold Project in southern Idaho after the State of Idaho formally agreed to align its permitting timelines with the U.S. federal FAST-41 framework. The move makes Black Pi...
Business Operations and StrategyM&A Transactions
Liberty Gold Sells Non-Core Gage Project to Blue Moon Metals for Shares and Royalty
Positive
Mar 18, 2026
Liberty Gold has agreed to sell its non-core Gage copper-gallium-germanium project in southern Utah to a subsidiary of Blue Moon Metals, receiving about US$2 million in Blue Moon shares and retaining a 2.0% net smelter return royalty, with Blue Mo...
Business Operations and Strategy
Liberty Gold Lifts Black Pine Resource to Nearly 6 Million Ounces
Positive
Feb 10, 2026
Liberty Gold has released an updated independent mineral resource estimate for its Black Pine oxide gold project in Idaho, reporting 4.88 million ounces of indicated gold and 1.05 million ounces of inferred gold at a 0.10 g/t cut-off. The update r...
Business Operations and Strategy
Liberty Gold Drilling Expands High-Grade Oxide Gold at Black Pine’s Rangefront Zone
Positive
Jan 22, 2026
Liberty Gold has reported new reverse circulation and core drilling results from its 2025 program at the Black Pine Oxide Gold Project in Idaho, highlighting both infill and step-out holes aimed at tightening the geological model and expanding the...
Business Operations and StrategyRegulatory Filings and Compliance
Liberty Gold’s Black Pine Project Accepted into U.S. FAST-41 Permitting Framework
Positive
Jan 21, 2026
Liberty Gold Corp. has secured acceptance of its Black Pine Oxide Gold Project in southeastern Idaho into the U.S. Federal Permitting Improvement Steering Committee’s FAST-41 framework as a Covered Project, granting the company access to a c...
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.