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McLaren Resources Inc (TSE:MCL)
:MCL
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McLaren Resources (MCL) AI Stock Analysis

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TSE:MCL

McLaren Resources

(MCL)

Rating:36Underperform
Price Target:
McLaren Resources is significantly impacted by financial struggles, with no revenue generation and negative equity severely limiting its financial performance. Despite some positive technical indicators, the stock's high P/E ratio due to lack of profitability and absence of dividends reduce its appeal. These financial weaknesses are the primary factors leading to the low overall score.

McLaren Resources (MCL) vs. iShares MSCI Canada ETF (EWC)

McLaren Resources Business Overview & Revenue Model

Company DescriptionMcLaren Resources Inc. engages in the acquisition, exploration, and development of gold properties in Canada. It holds 100% interests in the Augdome Gold Property that consists of 22 patented claims covering an area of 414 hectares located in Tisdale and Whitney Townships in the prolific Timmins Gold District, Northeastern Ontario; the McCool property that consists of 1,650 hectares of mining leases located in the southern portion of McCool Township, Ontario; and the Kerrs Property consisting of 771 hectares located in Kerrs Township, Ontario. The company also holds interests in the Blue Quartz Property, which consists of 25 mining claims covering approximately 400 hectares located in the Beatty Township, Ontario; and the Timginn property that comprises 9 mining claims covering an area of approximately 238 hectares located in the Tisdale Township in Central Timmins. McLaren Resources Inc. was incorporated in 1999 and is based in Toronto, Canada.
How the Company Makes MoneyMcLaren Resources makes money through the exploration and development of mining projects. The company's revenue model involves identifying promising mineral deposits, conducting feasibility studies, and securing necessary permits for mineral extraction. Once these projects are operational, McLaren Resources generates income from the sale of extracted minerals. Key revenue streams include the sale of commodities like gold, silver, and other valuable minerals. The company may also enter into joint ventures or partnerships with other mining firms, which can provide additional capital and expertise to enhance project development and profitability. Strategic partnerships and market demand for minerals significantly contribute to the company's earnings.

McLaren Resources Financial Statement Overview

Summary
McLaren Resources is facing significant financial challenges, with no revenue and consistent losses impacting profitability. Despite having no debt, the negative equity and weak cash flows highlight the need for strategic changes to improve financial health.
Income Statement
10
Very Negative
McLaren Resources has reported no revenue over the periods analyzed, leading to negative EBIT and Net Income. The lack of revenue generation and consistent losses suggest significant operational struggles, impacting the potential for profitability.
Balance Sheet
20
Very Negative
The balance sheet indicates a negative stockholders' equity in the TTM period, pointing to financial distress. The absence of debt is a positive aspect, but the overall financial position is weak due to the negative equity and liabilities exceeding assets in recent periods.
Cash Flow
15
Very Negative
Operating cash flows have improved to positive in the TTM period, but previous years show negative free cash flow, primarily due to significant net losses. The recent positive free cash flow is overshadowed by the historical trend of cash outflows.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue0.000.000.000.000.00
Gross Profit0.000.000.000.000.00
EBITDA-14.20K-465.00K-1.04M-346.00K-406.00K
Net Income-14.20K-465.00K-961.00K-343.00K-361.00K
Balance Sheet
Total Assets489.31K171.67K468.14K456.29K495.32K
Cash, Cash Equivalents and Short-Term Investments478.80K159.78K371.07K445.11K470.12K
Total Debt0.000.000.000.000.00
Total Liabilities411.33K79.50K302.56K33.80K46.48K
Stockholders Equity77.97K92.17K165.58K422.49K448.85K
Cash Flow
Free Cash Flow315.23K-565.69K-759.60K-301.05K-212.82K
Operating Cash Flow315.23K-565.69K-759.60K-301.05K-212.82K
Investing Cash Flow0.000.000.000.000.00
Financing Cash Flow0.00355.52K684.42K278.26K

McLaren Resources Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.06
Price Trends
50DMA
0.06
Positive
100DMA
0.06
Positive
200DMA
0.05
Positive
Market Momentum
MACD
<0.01
Negative
RSI
56.38
Neutral
STOCH
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MCL, the sentiment is Positive. The current price of 0.06 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and above the 200-day MA of 0.05, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.38 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MCL.

McLaren Resources Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
C$4.76M65.005.62%11.59%-54.55%
61
Neutral
$10.32B6.250.71%2.93%3.36%-36.41%
43
Neutral
C$10.33M-32.57%-101.65%
36
Underperform
C$5.93M-16.69%34.48%
$9.59M-6.14%
$13.10M-97.97%
$2.60M-9.04%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:MCL
McLaren Resources
0.06
0.02
50.00%
TSE:ARQ
Argo Gold
0.06
-0.01
-14.29%
TSE:ICM
Iconic Minerals
0.08
0.06
300.00%
NOMNF
CANEX Metals
0.05
0.01
25.00%
RYES
Rise Gold
0.14
0.02
16.67%
SXNTF
Sixty North Gold Mining
0.06
-0.11
-64.71%
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.Date of analysis: Mar 13, 2025