Mayfair Gold (TSE:MFG)
:MFG
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Mayfair Gold
(MFG)
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Rating:42Neutral
Price Target:
C$4.00
▼(-23.08% Downside)
Action:Reiterated
Date:05/15/26
The score is primarily constrained by weak financial performance (pre-revenue, recurring losses, and sustained cash burn implying ongoing funding/dilution risk). Technicals are mixed but lean bearish with the stock below key longer-term moving averages and negative MACD. Valuation is also pressured by a negative P/E and no dividend yield.
Positive Factors
Conservative balance sheet (low leverage)
Mayfair’s near-zero debt and meaningful equity base materially reduce refinancing and interest-rate risk for an explorer. That conservative capital structure provides durable optionality to fund permitting and drill programs via equity or JV without imminent solvency pressure, supporting project advancement over months.
Negative Factors
Pre-revenue with sustained losses
Mayfair generates no operating revenue and records substantial recurring losses, which is structurally constraining. Without near-term production, ongoing negative earnings erode equity and leave long-term project economics dependent on successful resource conversion and external capital, raising execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet (low leverage)
Mayfair’s near-zero debt and meaningful equity base materially reduce refinancing and interest-rate risk for an explorer. That conservative capital structure provides durable optionality to fund permitting and drill programs via equity or JV without imminent solvency pressure, supporting project advancement over months.
Read all positive factors
Mayfair Gold (MFG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$264.30M
Dividend YieldN/A
Average Volume (3M)262.34K
Price to Earnings (P/E)―
Beta (1Y)0.87
Revenue GrowthN/A
EPS Growth-11.55%
CountryCA
Employees13
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.25
Shares Outstanding67,080,500
10 Day Avg. Volume225,028
30 Day Avg. Volume262,343
Financial Highlights & Ratios
PEG Ratio0.99
Price to Book (P/B)5.54
Price to Sales (P/S)0.00
P/FCF Ratio-32.44
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)-0.22
Revenue Forecast (FY)N/A
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 propert...
How the Company Makes Money
Mayfair Gold is an exploration-stage company; as such, it generally does not generate recurring revenue from gold sales because it does not operate producing mines. Its ability to fund operations is therefore typically driven by financing activiti...
Mayfair Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -30.43K | -58.52K | -78.98K | -15.75M | -9.79M |
| EBITDA | -10.43M | -11.04M | -19.02M | -21.30M | -12.81M |
| Net Income | -9.96M | -12.68M | -15.95M | -15.06M | -10.26M |
Balance Sheet | |||||
| Total Assets | 53.27M | 24.49M | 28.49M | 21.81M | 27.37M |
| Cash, Cash Equivalents and Short-Term Investments | 38.19M | 9.53M | 13.50M | 6.79M | 12.04M |
| Total Debt | 0.00 | 0.00 | 0.00 | 9.97K | 68.83K |
| Total Liabilities | 1.17M | 749.93K | 2.55M | 2.51M | 2.03M |
| Stockholders Equity | 52.11M | 23.74M | 25.95M | 19.30M | 25.33M |
Cash Flow | |||||
| Free Cash Flow | -8.90M | -13.84M | -16.78M | -16.46M | -12.74M |
| Operating Cash Flow | -8.89M | -13.84M | -16.76M | -16.35M | -12.56M |
| Investing Cash Flow | 35.34K | -221.00 | -25.50K | -116.43K | -186.02K |
| Financing Cash Flow | 37.51M | 9.87M | 23.51M | 11.21M | 22.65M |
Mayfair Gold Technical Analysis
Neutral
5.20
Price Trends
4.30
Negative
4.84
Negative
4.41
Negative
Market Momentum
-0.06
Negative
49.78
Neutral
39.36
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 5.2 is above the 20-day moving average (MA) of 4.10, above the 50-day MA of 4.30, and above the 200-day MA of 4.41, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 49.78 is Neutral, neither overbought nor oversold. The STOCH value of 39.36 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
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% | |
52 Neutral | C$453.94M | -43.38 | -3.14% | ― | ― | -34.97% | |
49 Neutral | C$266.71M | -5.17 | -72.34% | ― | ― | -230.77% | |
47 Neutral | C$416.54M | -42.42 | -9.39% | ― | ― | -33.63% | |
43 Neutral | C$243.76M | -8.01 | -22.30% | ― | ― | 25.70% | |
42 Neutral | C$264.30M | -9.84 | -36.90% | ― | ― | -11.55% | |
| ― | C$947.75M | -33.01 | -7.77% | ― | ― | -182.91% |
* General Sector Average
TSE:MFG
Mayfair Gold
4.19
0.81
23.96%
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Mayfair Gold Corporate Events
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Mayfair Gold Names Veteran Barrick Executive as CFO, Ties Financing to Fenn-Gib Project
Positive
Apr 7, 2026
Mayfair Gold has strengthened its executive leadership by appointing veteran mining finance executive Kevin Annett as chief financial officer, effective April 7, 2026, as it prepares to move its Fenn-Gib gold project toward construction and eventu...
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.