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Mayfair Gold (TSE:MFG)
:MFG
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Mayfair Gold (MFG) AI Stock Analysis

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TSE:MFG

Mayfair Gold

(MFG)

Rating:36Underperform
Price Target:
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 (MFG) vs. iShares MSCI Canada ETF (EWC)

Mayfair Gold Business Overview & Revenue Model

Company DescriptionMayfair 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 MoneyMayfair 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
15
Very Negative
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
30
Negative
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
20
Very Negative
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-16.81K-58.52K-78.98K-15.75M-9.79M-421.20K
EBITDA-11.69M-11.04M-19.02M-21.30M-12.81M-2.72M
Net Income-11.19M-12.68M-15.95M-15.06M-10.26M-3.80M
Balance Sheet
Total Assets22.67M24.49M28.49M21.81M27.37M16.53M
Cash, Cash Equivalents and Short-Term Investments7.68M9.53M13.50M6.79M12.04M2.13M
Total Debt0.000.000.009.97K68.83K0.00
Total Liabilities507.52K749.93K2.55M2.51M2.03M339.57K
Stockholders Equity22.16M23.74M25.95M19.30M25.33M16.19M
Cash Flow
Free Cash Flow-12.11M-13.84M-16.78M-16.46M-12.74M-15.45M
Operating Cash Flow-12.10M-13.84M-16.76M-16.35M-12.56M-1.09M
Investing Cash Flow-3.00M-221.00-25.50K-116.43K-186.02K-14.36M
Financing Cash Flow9.80M9.87M23.51M11.21M22.65M18.12M

Mayfair Gold Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.79
Price Trends
50DMA
1.67
Positive
100DMA
1.68
Positive
200DMA
1.73
Positive
Market Momentum
MACD
0.01
Negative
RSI
66.46
Neutral
STOCH
65.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MFG, the sentiment is Positive. The current price of 1.79 is above the 20-day moving average (MA) of 1.67, above the 50-day MA of 1.67, and above the 200-day MA of 1.73, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 66.46 is Neutral, neither overbought nor oversold. The STOCH value of 65.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MFG.

Mayfair Gold Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
$10.28B6.210.76%2.84%3.10%-36.03%
51
Neutral
C$268.45M-4.81%73.54%
50
Neutral
C$206.19M-156.63%54.01%-254.83%
36
Underperform
C$195.62M-37.04%58.22%
$169.54M13.98-49.21%
$148.56M8.4214.79%3.15%
$212.32M-7.40%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:MFG
Mayfair Gold
1.80
0.05
2.86%
VGZ
Vista Gold
1.37
0.79
136.21%
TSE:FF
First Mining Gold
0.22
0.08
57.14%
TSE:MAI
Minera Alamos
0.36
0.12
50.00%
DNGDF
Dynacor Gold Mines
3.49
>-0.01
-0.29%
SITKF
Sitka Gold Corp.
0.60
0.44
275.00%

Mayfair Gold Corporate Events

Executive/Board ChangesBusiness Operations and Strategy
Mayfair Gold Appoints New CEO Amid Fenn-Gib Project Advancements
Positive
Jan 28, 2025

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.

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: Jan 29, 2025