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McLaren Resources
(MCL)
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Rating:44Neutral
Price Target:
C$0.03
▼(-43.33% Downside)
Action:Reiterated
Date:07/12/26
The score is primarily held down by weak financial performance: no revenue, persistent losses, and ongoing cash burn suggest funding dependence. Technical signals also remain bearish with the stock trading below major moving averages and a negative MACD. Valuation provides limited support because the negative P/E reflects losses and there is no dividend yield to offset risk.
Positive Factors
Debt-free balance sheet
A consistent lack of debt materially reduces fixed interest obligations and financial distress risk. For a non-revenue gold explorer, this preserves strategic optionality and lowers near-term cash requirements for servicing debt, helping the company sustain operations while pursuing project development or fundraising.
Negative Factors
No revenue; persistent losses
The firm remains pre-revenue and recorded widening net losses (roughly -14k in FY2024 to ~-441k in FY2025 to ~-628k TTM). Without an operational revenue base, profit margins and scalability are unproven, making the business reliant on external capital and exposing investors to high execution and funding risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A consistent lack of debt materially reduces fixed interest obligations and financial distress risk. For a non-revenue gold explorer, this preserves strategic optionality and lowers near-term cash requirements for servicing debt, helping the company sustain operations while pursuing project development or fundraising.
Read all positive factors
McLaren Resources (MCL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$3.85M
Dividend YieldN/A
Average Volume (3M)7.38K
Price to Earnings (P/E)―
Beta (1Y)0.12
Revenue GrowthN/A
EPS Growth-333.33%
CountryCA
Employees4
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding110,124,510
10 Day Avg. Volume8,425
30 Day Avg. Volume7,375
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-18.32
Price to Sales (P/S)0.00
P/FCF Ratio-14.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
McLaren Resources Business Overview & Revenue Model
Company Description
McLaren Resources Inc. is an enterprise dedicated to identifying, acquiring, exploring, and developing prospective gold deposits primarily located across Canada. The company holds full ownership of the Augdome Gold Property, a collection of 22 pat...
McLaren Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Sep 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -570.93K | -441.44K | -14.20K | -465.00K | -1.04M | -342.58K |
| Net Income | -627.61K | -441.44K | -14.20K | -465.00K | -961.00K | -343.00K |
Balance Sheet | ||||||
| Total Assets | 605.03K | 29.32K | 489.31K | 171.67K | 468.14K | 456.29K |
| Cash, Cash Equivalents and Short-Term Investments | 464.61K | 15.86K | 478.80K | 159.78K | 371.07K | 445.11K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 340.40K | 378.29K | 411.33K | 79.50K | 302.56K | 33.80K |
| Stockholders Equity | 264.62K | -348.96K | 77.97K | 92.17K | 165.58K | 422.49K |
Cash Flow | ||||||
| Free Cash Flow | -418.96K | -455.12K | 315.23K | -565.69K | -759.60K | -301.05K |
| Operating Cash Flow | -418.96K | -455.12K | 315.23K | -565.69K | -759.60K | -301.05K |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 824.89K | 0.00 | 0.00 | 355.52K | 684.42K | 278.26K |
McLaren Resources Technical Analysis
Negative
0.06
Price Trends
0.04
Negative
0.05
Negative
0.05
Negative
Market Momentum
>-0.01
Negative
47.80
Neutral
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MCL, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.80 is Neutral, 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 Negative sentiment for TSE:MCL.
McLaren Resources Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | C$5.37M | 14.06 | 13.24% | ― | ― | ― | |
45 Neutral | C$3.28M | -13.10 | -12.58% | ― | ― | -10.53% | |
44 Neutral | C$3.85M | -6.86 | ― | ― | ― | -333.33% | |
44 Neutral | C$5.77M | -6.35 | -6.09% | ― | -32.20% | -311.67% | |
44 Neutral | C$2.43M | -9.38 | -89.21% | ― | ― | 38.46% | |
41 Neutral | C$4.27M | -10.16 | -234.17% | ― | ― | 7.25% |
* General Sector Average
TSE:MCL
McLaren Resources
0.04
-0.02
-30.00%
TSE:KIP
Kiplin Metals
0.22
-0.22
-49.32%
TSE:ARQ
Argo Gold
0.08
<0.01
14.29%
TSE:GCN
Goldcliff Resource
0.03
>-0.01
-14.29%
TSE:GGC
Generic Gold Corp.
0.07
-0.04
-35.00%
TSE:TRG
Tarachi Gold
0.05
0.02
50.00%
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.