Lumina Gold (LUM) AI Stock Analysis

• Market Cap: C$522.93M
• Dividend Yield: N/A
• Average Volume (3M): 687.96K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.79
• Revenue Growth: N/A
• EPS Growth: -97.12%
• Country: CA
• Employees: 72
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 418,345,370
• 10 Day Avg. Volume: 537,272
• 30 Day Avg. Volume: 687,956
• PEG Ratio: -0.03
• Price to Book (P/B): -24.96
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.92
• Enterprise Value/Market Cap: 0.28
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: -1.49
• 1Y Price Target: C$1.50
• Price Target Upside: 20.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 48 Neutral
• Price Target: ―

Lumina Gold's overall score is heavily impacted by poor financial performance, characterized by zero revenue and ongoing losses. Despite strong technical indicators and a positive acquisition announcement, the lack of profitability and high financial risk remain significant concerns.

Lumina Gold Business Overview & Revenue Model

Company Description

Lumina Gold Corp., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of mineral resources in Ecuador. The company primarily explores for gold and copper deposits. It focuses on the Cangrejos project consisting of ten mineral concessions covering an area of approximately 6,373 hectares located in El Oro Province, southwest Ecuador. The company was formerly known as Odin Mining and Exploration Ltd. and changed its name to Lumina Gold Corp. in November 2016. Lumina Gold Corp. was incorporated in 1988 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Lumina Gold makes money through the exploration and potential development of its mineral properties, primarily the Cangrejos Project. The company generates revenue by advancing its projects to attract investment partnerships or potential sale to larger mining companies. Lumina Gold's revenue model relies heavily on the appreciation of its mining assets and securing funding for exploration activities. Key revenue streams include equity financing, joint ventures, and strategic partnerships that provide the necessary capital to further develop its projects. Additionally, any eventual production and sale of mined resources would contribute to its earnings. However, as an exploration company, its primary focus remains on increasing the value of its projects rather than immediate production.

Lumina Gold Financial Statement Overview

Summary

Lumina Gold has consistently reported zero revenue and significant operating losses, leading to high financial distress. The balance sheet shows negative equity and high liabilities. The company relies on external financing for cash flow, indicating liquidity risks.

Income Statement

Lumina Gold has consistently reported zero revenue over the analyzed periods, resulting in no gross or net profit margins. The company is experiencing significant operating losses as evidenced by negative EBIT and EBITDA figures. The lack of revenue growth and continuous net losses highlight substantial financial challenges.

Balance Sheet

The company's balance sheet shows high liabilities compared to its negative equity, leading to a negative equity position. The lack of revenue generation and consistent net losses have eroded equity over time. The debt-to-equity ratio cannot be calculated due to negative equity, but the absolute debt level remains low compared to total liabilities.

Cash Flow

Lumina Gold shows negative operating and free cash flows, indicating cash outflows exceed inflows. The company relies on financing activities for cash, as seen by positive financing cash flows. This unsustainable cash flow pattern presents liquidity risks without revenue generation.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
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
	EBIT
-20.55M	-16.67M	-21.85M	-7.77M	-7.92M
	EBITDA
-20.40M	-16.53M	-21.65M	-7.59M	-7.72M
	Net Income Common Stockholders
-35.44M	-17.25M	-22.24M	-7.92M	-7.97M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
7.28M	13.64M	795.21K	12.03M	535.78K
	Total Assets
20.97M	22.00M	6.56M	17.86M	6.40M
	Total Debt
0.00	46.73K	8.01M	0.00	1.45M
	Net Debt
-7.28M	-13.59M	7.22M	-12.03M	918.51K
	Total Liabilities
62.18M	29.96M	10.56M	712.69K	1.60M
	Stockholders Equity
-41.21M	-7.97M	-4.00M	17.15M	4.81M
Cash Flow		Free Cash Flow
-23.27M	-17.97M	-20.30M	-6.15M	-7.80M
	Operating Cash Flow
-17.78M	-15.51M	-20.24M	-6.11M	-6.85M
	Investing Cash Flow
-5.24M	-2.28M	-38.54K	-81.17K	-908.16K
	Financing Cash Flow
16.66M	30.62M	9.04M	17.69M	2.04M

Lumina Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LUM, the sentiment is Positive. The current price of 1.25 is above the 20-day moving average (MA) of 1.24, above the 50-day MA of 1.11, and above the 200-day MA of 0.68, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 71.33 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:LUM.

Lumina Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MND	81 Outperform	C$493.19M	6.15	25.03%	―	41.30%	340.97%
GAU	61 Neutral	$530.53M	64.72	-7.13%	―	644.76%	-80.13%
ASE	61 Neutral	C$731.67M	―	-2232.66%	―	13.51%	3.80%
RBX	60 Neutral	C$646.44M	―	-5.78%	―	19.84%	84.50%
Sector *	51 Neutral	$2.03B	-1.27	-21.09%	3.98%	2.91%	-30.50%
LUM	48 Neutral	C$522.93M	―	105.38%	―	―	-97.12%
ATX	41 Neutral	C$606.76M	―	-357.27%	―	―	-138.15%

Lumina Gold Corporate Events

Lumina Gold Acquired by CMOC in C$581 Million Deal

Lumina Gold Corp. has announced its acquisition by CMOC Singapore Pte. Ltd. for approximately C$581 million, marking a significant premium over its recent trading prices. This all-cash transaction, supported by a majority of Lumina’s shareholders, offers immediate liquidity and removes future risks associated with dilution and commodity fluctuations. The acquisition includes a concurrent US$20 million convertible note financing to support ongoing needs at the Cangrejos project, ensuring continued development under CMOC’s management.

Spark’s Take on TSE:LUM Stock

According to Spark, TipRanks’ AI Analyst, TSE:LUM is a Neutral.

Lumina Gold’s overall score is largely impacted by its poor financial performance, characterized by zero revenue and ongoing losses. While positive technical indicators and recent corporate developments provide some optimism, the lack of profitability and high financial risk weigh heavily on the stock’s attractiveness.

To see Spark’s full report on TSE:LUM stock, click here.

Lumina Gold Secures Final US$3.1 Million Draw from Wheaton Agreement

Lumina Gold Corp. has drawn the final installment of US$3.1 million from its US$300 million precious metals purchase agreement with Wheaton Precious Metals. This draw is intended for pre-construction acquisition transactions, and the agreement has been amended to provide Lumina with more flexibility, allowing them until December 31, 2025, to spend the funds. The remaining US$252 million will be advanced once specific construction conditions are met, potentially impacting Lumina’s operations and positioning in the precious metals industry.

Spark’s Take on TSE:LUM Stock

According to Spark, TipRanks’ AI Analyst, TSE:LUM is a Neutral.

Lumina Gold’s overall score is largely impacted by its poor financial performance, characterized by zero revenue and ongoing losses. While positive technical indicators and recent corporate developments provide some optimism, the lack of profitability and high financial risk weigh heavily on the stock’s attractiveness.

To see Spark’s full report on TSE:LUM stock, click here.