Mayfair Gold (MFG) AI Stock Analysis

• Market Cap: C$190.15M
• Dividend Yield: N/A
• Average Volume (3M): 43.44K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.19
• Revenue Growth: N/A
• EPS Growth: 17.11%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 56
• Industry: Gold
• EPS (TTM): -0.15
• Shares Outstanding: 109,283,005
• 10 Day Avg. Volume: 71,109
• 30 Day Avg. Volume: 43,444
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 1470.62
• Price to Cash Flow (P/CF): -21.10
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Mayfair Gold faces significant financial challenges with no current revenue and negative cash flows. Technical indicators show a bearish trend, and the company's valuation is unattractive due to its unprofitability. However, positive corporate events, such as a new CEO and project advancements, offer potential for future improvement.

Mayfair Gold Business Overview & Revenue Model

Company Description

Mayfair Gold Corp., an exploration-stage company, acquires, explores, evaluates, and develops mineral properties. It holds a 100% interest in the Fenn-Gib gold project that covers an area of 4,800 hectares comprising 21 fee simple patented properties, 153 unpatented mining claims, and 144 patented leasehold mining claims located in the Guibord, Munro, Michaud, and McCool Townships in northeast Ontario, Canada. The company was incorporated in 2019 and is headquartered in Matheson, Canada.

How the Company Makes Money

Mayfair Gold makes money through the exploration and development of gold properties, which can lead to revenue generation through the sale of mined gold or through partnerships and joint ventures with larger mining companies. The company may also earn income by selling stakes in its projects or securing royalties and streaming agreements. Key revenue streams include the sale of gold extracted from their developed mines and potential earnings from strategic partnerships that provide funding or operational support in exchange for a share of future profits. Mayfair Gold's success is influenced by factors such as gold market prices, exploration success, and the ability to efficiently manage operational costs.

Mayfair Gold Financial Statement Overview

Summary

Mayfair Gold demonstrates financial instability with recurring losses, a lack of revenue, and reliance on external financing. The balance sheet is stable with no long-term debt, but negative cash flows indicate operational challenges.

Income Statement

Mayfair Gold's income statement shows a pattern of persistent losses with no reported revenue over the years. Key metrics like gross profit margin, net profit margin, EBIT margin, and EBITDA margin are negative due to the lack of revenue and high operating costs. This reflects ongoing operational challenges and a lack of profitability.

Balance Sheet

The balance sheet is relatively stable with a strong equity position and no long-term debt, indicated by a zero debt-to-equity ratio. However, the company’s total assets have decreased over the most recent period, and there's a significant decrease in stockholders' equity. The equity ratio remains healthy, but the company is not generating value for shareholders as evidenced by negative ROE.

Cash Flow

Cash flow analysis reveals consistent negative operating cash flows, indicative of operational inefficiencies and a lack of income generation. Although financing cash flow is positive, likely due to external funding, the company maintains a negative free cash flow, signaling cash usage exceeding incoming funds.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-50.44K	-78.98K	-15.75M	-9.79M	-421.20K	0.00
	EBIT
-16.51M	-19.01M	-21.40M	-12.90M	-2.18M	-122.78K
	EBITDA
-17.95M	-19.02M	-21.30M	-12.81M	-2.72M	-122.82K
	Net Income Common Stockholders
-15.49M	-15.95M	-15.06M	-10.26M	-3.80M	-122.78K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
18.60M	13.50M	6.79M	12.04M	2.13M	1.00
	Total Assets
33.58M	28.49M	21.81M	27.37M	16.53M	1.00
	Total Debt
0.00	0.00	9.97K	68.83K	0.00	0.00
	Net Debt
-18.60M	-13.50M	-6.78M	-11.97M	-2.13M	-1.00
	Total Liabilities
3.73M	2.55M	2.51M	2.03M	339.57K	122.78K
	Stockholders Equity
29.84M	25.95M	19.30M	25.33M	16.19M	-122.78K
Cash Flow		Free Cash Flow
-15.63M	-16.78M	-16.46M	-12.74M	-15.45M	0.00
	Operating Cash Flow
-15.63M	-16.76M	-16.35M	-12.56M	-1.09M	0.00
	Investing Cash Flow
0.00	-25.50K	-116.43K	-186.02K	-14.36M	0.00
	Financing Cash Flow
15.27M	23.51M	11.21M	22.65M	18.12M	1.00

Mayfair Gold Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.74
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MFG, the sentiment is Neutral. The current price of 1.74 is above the 20-day moving average (MA) of 1.72, below the 50-day MA of 1.75, and below the 200-day MA of 1.84, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.33 is Neutral, neither overbought nor oversold. The STOCH value of 75.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:MFG.

Mayfair Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EDV	73 Outperform	C$9.70B	―	-9.94%	3.43%	22.47%	-791.36%
FVL	50 Neutral	C$560.14M	―	-1.12%	―	―	66.34%
Sector *	48 Neutral	$1.92B	-1.99	-22.85%	3.95%	0.94%	-27.31%
MFG	36 Underperform	C$190.15M	―	-79.21%	―	―	17.11%

Mayfair Gold Corporate Events

Mayfair Gold Appoints New CEO Amid Fenn-Gib Project Advancements

Mayfair Gold Corp. has appointed Nicholas Campbell as the new CEO, succeeding Darren McLean. Campbell, with over 20 years in the mining industry, will lead the company as it transitions the Fenn-Gib project towards production. The project, which has a 4.3 million-ounce indicated mineral resource, is well-positioned for swift development due to its strategic location with highway access and nearby power. The company plans to bolster its management team and release a Pre-Feasibility Study by the second half of 2025, aiming for a smaller initial operation concentrating on the higher-grade gold deposits.