Lake Victoria Gold Ltd (TSE:LVG)
:LVG
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Lake Victoria Gold Ltd
(LVG)
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Rating:48Neutral
Price Target:
C$0.30
▲(4.14% Upside)
Action:ReiteratedDate:04/27/26
The score is held down primarily by weak financial performance: no revenue, sustained losses, and materially higher cash burn in 2025 imply ongoing funding needs. Technicals are somewhat supportive with price above longer-term moving averages, but momentum is mixed. Valuation is constrained by negative earnings and no dividend support.
Positive Factors
Improved balance-sheet scale
The sharp expansion of equity and assets in 2025 materially increases the company’s financial cushion versus prior years. That larger capital base provides durable runway extension, stronger counterparty credibility and more optionality to fund exploration or secure conditional financing over the next several months.
Negative Factors
No revenue base
Absent any revenue, the business cannot internally fund operations or growth, leaving it fully dependent on external capital or asset monetization. Over 2–6 months this structural lack of operating cash inflows elevates financing and execution risk until a revenue-generating asset or sale event occurs.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved balance-sheet scale
The sharp expansion of equity and assets in 2025 materially increases the company’s financial cushion versus prior years. That larger capital base provides durable runway extension, stronger counterparty credibility and more optionality to fund exploration or secure conditional financing over the next several months.
Read all positive factors
Lake Victoria Gold Ltd (LVG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$58.92M
Dividend YieldN/A
Average Volume (3M)406.46K
Price to Earnings (P/E)―
Beta (1Y)0.74
Revenue GrowthN/A
EPS Growth29.41%
CountryCA
Employees4
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding196,400,940
10 Day Avg. Volume367,931
30 Day Avg. Volume406,457
Financial Highlights & Ratios
PEG Ratio0.50
Price to Book (P/B)2.83
Price to Sales (P/S)0.00
P/FCF Ratio-11.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$0.50Price Target Upside72.41% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Lake Victoria Gold Ltd Business Overview & Revenue Model
Company Description
Lake Victoria Gold Ltd., a junior mineral exploration company, engages in the acquisition and exploration of mineral properties in Tanzania. The company primarily explores for gold deposits. Its flagship project is the Tembo gold property covering...
How the Company Makes Money
null...
Lake Victoria Gold Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very 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 | -22.41K | 0.00 | -29.49K | -27.59K | -25.13K |
| EBITDA | -3.43M | -3.02M | -2.88M | -2.14M | -1.89M |
| Net Income | -3.44M | -3.25M | -2.94M | -3.30M | -1.90M |
Balance Sheet | |||||
| Total Assets | 18.50M | 8.90M | 7.43M | 7.18M | 7.58M |
| Cash, Cash Equivalents and Short-Term Investments | 1.87M | 31.39K | 627.11K | 2.26M | 650.48K |
| Total Debt | 1.02M | 1.00M | 345.20K | 353.50K | 44.00K |
| Total Liabilities | 2.10M | 3.84M | 1.18M | 1.12M | 563.61K |
| Stockholders Equity | 16.40M | 5.06M | 6.26M | 6.07M | 7.02M |
Cash Flow | |||||
| Free Cash Flow | -4.22M | -782.49K | -4.07M | -7.05M | -1.64M |
| Operating Cash Flow | -4.22M | -775.96K | -2.17M | -4.67M | -1.49M |
| Investing Cash Flow | -1.40M | -884.08K | -1.90M | 4.42M | -142.38K |
| Financing Cash Flow | 7.46M | 1.06M | 2.47M | 2.14M | 2.24M |
Lake Victoria Gold Ltd Technical Analysis
Positive
0.29
Price Trends
0.29
Positive
0.27
Positive
0.23
Positive
Market Momentum
<0.01
Positive
51.76
Neutral
30.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LVG, the sentiment is Positive. The current price of 0.29 is below the 20-day moving average (MA) of 0.31, below the 50-day MA of 0.29, and above the 200-day MA of 0.23, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.76 is Neutral, neither overbought nor oversold. The STOCH value of 30.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:LVG.
Lake Victoria Gold Ltd 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% | |
49 Neutral | C$67.24M | -13.21 | -22.48% | ― | ― | 44.20% | |
48 Neutral | C$58.92M | -13.51 | -25.64% | ― | ― | 29.41% | |
48 Neutral | C$68.59M | -8.79 | -78.97% | ― | ― | 15.98% | |
47 Neutral | C$104.47M | -12.67 | -7.69% | ― | ― | 48.64% | |
46 Neutral | C$65.39M | -9.01 | -177.75% | ― | ― | 42.07% | |
45 Neutral | C$49.58M | -14.83 | -948.21% | ― | ― | -329.41% |
* Basic Materials Sector Average
TSE:LVG
Lake Victoria Gold Ltd
0.30
0.10
55.26%
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TSE:LVX
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Lake Victoria Gold Ltd Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Lake Victoria Gold Lines Up US$25 Million Gold Loan and C$3 Million Debenture to Advance Tanzanian Projects
Positive
Apr 1, 2026
Lake Victoria Gold has arranged a gold-denominated loan facility of up to 6,000 ounces, or about US$25 million, with Monetary Metals to fund development of its Imwelo Gold Project in Tanzania. The structure, which carries a 15% annual interest rat...
Business Operations and StrategyRegulatory Filings and Compliance
Lake Victoria Gold Advances Tanzanian Tembo Project Toward Near-Term Output
Positive
Mar 25, 2026
Lake Victoria Gold has begun the formal process to incorporate the Tanzanian government’s 16% non-dilutable free carried interest into the Tembo mining licences, aligning the project with the country’s statutory mining framework. This ...
Business Operations and Strategy
Lake Victoria Gold Confirms High Recoveries at Imwelo, De-Risking Tanzanian Project
Positive
Mar 18, 2026
Lake Victoria Gold has reported metallurgical test results from drill core at the Imwelo Gold Project’s Area C in northern Tanzania, confirming the mineralization is largely free-milling with gold recoveries of about 96–97% using conve...
Business Operations and Strategy
Lake Victoria Gold Confirms Pit Expansion Potential at Imwelo as Project Advances Toward Production
Positive
Feb 5, 2026
Lake Victoria Gold has completed a drill program at the fully permitted Imwelo Area C in Tanzania, confirming down-dip continuity of gold mineralization and identifying new extensions to the west and east of the planned open pit. The results, whic...
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.