Lake Victoria Gold Ltd (TSE:LVG)
:LVG
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Lake Victoria Gold Ltd
(LVG)
Select Model
Select Model
Rating:53Neutral
Price Target:
C$0.26
▼(-8.97% Downside)
Action:ReiteratedDate:12/30/25
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow requiring funding). Offsetting this, technicals show a clear uptrend (though overbought), and recent corporate updates have been positive around exploration results and a potential near-term production plan.
Positive Factors
Low financial leverage
Very low trailing debt-to-equity (~0.07) provides durable financial flexibility for an exploration-stage miner. Lower leverage reduces bankruptcy and interest burdens, enabling the company to pursue exploration and development steps without immediate heavy debt servicing constraints.
Negative Factors
Pre-revenue, persistent net losses
Being pre-revenue with multi-year net losses means the business model remains unproven at scale and value creation depends entirely on exploration success and project development. This fundamental state raises execution risk and makes long-term viability contingent on hitting production milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
Very low trailing debt-to-equity (~0.07) provides durable financial flexibility for an exploration-stage miner. Lower leverage reduces bankruptcy and interest burdens, enabling the company to pursue exploration and development steps without immediate heavy debt servicing constraints.
Read all positive factors
Lake Victoria Gold Ltd (LVG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$60.88M
Dividend YieldN/A
Average Volume (3M)406.46K
Price to Earnings (P/E)―
Beta (1Y)0.80
Revenue GrowthN/A
EPS Growth40.00%
CountryCA
Employees4
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.01
Shares Outstanding196,400,940
10 Day Avg. Volume367,931
30 Day Avg. Volume406,457
Financial Highlights & Ratios
PEG Ratio-0.71
Price to Book (P/B)3.37
Price to Sales (P/S)0.00
P/FCF Ratio-21.76
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)C$28.00M
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
The company makes money primarily through the extraction and sale of gold. Its revenue model focuses on mining operations where gold is extracted from the earth, processed, and then sold in the form of gold bars or other gold products to various m...
Lake Victoria Gold Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -41.73K | 0.00 | -29.49K | -27.59K | -25.13K | -26.89K |
| EBITDA | -2.70M | -3.02M | -2.88M | -2.14M | -1.89M | -1.69M |
| Net Income | -2.86M | -3.25M | -2.94M | -3.30M | -1.90M | -1.73K |
Balance Sheet | ||||||
| Total Assets | 19.90M | 8.90M | 7.43M | 7.18M | 7.58M | 6.74M |
| Cash, Cash Equivalents and Short-Term Investments | 3.91M | 31.39K | 627.11K | 2.26M | 650.48K | 47.17K |
| Total Debt | 1.02M | 1.00M | 345.20K | 353.50K | 44.00K | 77.42K |
| Total Liabilities | 4.42M | 3.84M | 1.18M | 1.12M | 563.61K | 563.81K |
| Stockholders Equity | 15.48M | 5.06M | 6.26M | 6.07M | 7.02M | 6.18M |
Cash Flow | ||||||
| Free Cash Flow | -1.25M | -782.49K | -4.07M | -7.05M | -1.64M | -1.77M |
| Operating Cash Flow | -501.48K | -775.96K | -2.17M | -4.67M | -1.49M | -1.55M |
| Investing Cash Flow | -2.32M | -884.08K | -1.90M | 4.42M | -142.38K | -225.17K |
| Financing Cash Flow | 6.03M | 1.06M | 2.47M | 2.14M | 2.24M | 1.81M |
Lake Victoria Gold Ltd Technical Analysis
Positive
0.29
Price Trends
0.29
Positive
0.26
Positive
0.22
Positive
Market Momentum
0.01
Negative
52.77
Neutral
15.15
Positive
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 0.30, below the 50-day MA of 0.29, and above the 200-day MA of 0.22, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 52.77 is Neutral, neither overbought nor oversold. The STOCH value of 15.15 is Positive, 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% | |
53 Neutral | C$60.88M | -5.89 | -27.09% | ― | ― | 40.00% | |
48 Neutral | C$74.49M | -8.79 | -78.97% | ― | ― | -592.74% | |
47 Neutral | C$88.22M | -8.41 | -7.69% | ― | ― | ― | |
46 Neutral | C$67.26M | -9.01 | -177.75% | ― | ― | 47.21% | |
45 Neutral | C$47.47M | -14.83 | -948.21% | ― | ― | -2000.00% | |
43 Neutral | C$61.31M | -13.21 | -22.48% | ― | ― | 28.32% |
* Basic Materials Sector Average
TSE:LVG
Lake Victoria Gold Ltd
0.31
0.14
77.14%
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244.44%
Lake Victoria Gold Ltd Corporate Events
Business Operations and Strategy
Lake Victoria Gold Advances Imwelo Toward Development With Key Geotechnical Work Completed
Positive
Jan 26, 2026
Lake Victoria Gold Ltd. has completed key geotechnical field data collection and specific gravity studies at its Imwelo Project’s Area C, advancing the final open-pit mine design for the project’s planned initial production area. Two d...
Business Operations and Strategy
Lake Victoria Gold Grants 1 Million Stock Options to Investor Relations Consultants
Positive
Jan 22, 2026
Lake Victoria Gold Ltd. has granted a total of 1,000,000 stock options to investor relations consultants SIDIS Holdings and Market IQ Media Group at an exercise price of $0.20 per share for a three-year term under its stock option plan. The option...
Business Operations and StrategyPrivate Placements and Financing
Lake Victoria Gold Pays Debenture Interest in Shares to Preserve Cash
Neutral
Jan 14, 2026
Lake Victoria Gold Ltd has issued 148,885 common shares at a price of $0.30 per share to its convertible debenture holders, settling approximately $44,666 in accrued interest on $750,000 of debentures outstanding as of December 31, 2025. The share...
Business Operations and StrategyPrivate Placements and Financing
Lake Victoria Gold to Settle Debenture Interest Through Share Issuance
Neutral
Jan 5, 2026
Lake Victoria Gold Ltd. has elected to pay C$44,665.64 in interest accrued on its C$750,000 of convertible debentures, issued in mid-2024, by issuing 148,886 common shares at a deemed price of C$0.30 per share, subject to TSX Venture Exchange appr...
Business Operations and Strategy
Lake Victoria Gold Reports High-Grade Tembo Samples and Moves Toward Near-Term Production Plan
Positive
Dec 18, 2025
Lake Victoria Gold has reported high-grade grab sample results from artisanal mining sites across its Tembo Project in Tanzania, with assays reaching up to 35.45 g/t gold at Ngula 1 and similarly strong grades at Ngula 2, Nyakagwe East, Nyangomang...
Business Operations and Strategy
Lake Victoria Gold Expands Mineralization at Imwelo Project
Positive
Dec 15, 2025
Lake Victoria Gold Ltd has announced additional drill results from its ongoing 4,000-metre drill program at the Imwelo Gold Project in Tanzania. The results confirm the extension of mineralization beyond the current pit design, both vertically and...
Business Operations and Strategy
Lake Victoria Gold Extends Mineralization at Imwelo Project
Positive
Nov 26, 2025
Lake Victoria Gold Ltd has announced promising initial results from its ongoing 4,000-meter drill program at the Imwelo Gold Project in Tanzania. The first five holes have confirmed the extension of mineralization beyond the current open-pit desig...
Business Operations and Strategy
Lake Victoria Gold Reports Q3 2025 Exploration Progress on Tembo Licenses
Positive
Nov 24, 2025
Lake Victoria Gold Ltd announced an update on its Q3 2025 exploration activities for the licenses sold to Bulyanhulu Gold Mine Limited, a joint venture between Barrick Mining Corporation and the Government of Tanzania. The exploration program, aim...
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.