Mayfair Gold (TSE:MFG)
:MFG
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Mayfair Gold
(MFG)
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Rating:46Neutral
Price Target:
C$4.50
▼(-13.46% Downside)
Action:ReiteratedDate:04/06/26
The score is held down primarily by the company’s pre-revenue status with ongoing losses and cash burn, and by weak-to-neutral technical momentum (below key moving averages with a negative MACD). The main offset is a comparatively strong balance sheet with minimal debt and higher equity, providing financial flexibility despite continued funding dependence.
Positive Factors
Low leverage / strong balance sheet
Mayfair’s virtually debt-free balance sheet and a marked equity increase provide durable financial flexibility. For an exploration company this reduces near-term solvency risk, supports continued drilling and studies without immediate debt servicing, and improves optionality for partnerships or staged project development over the next several months.
Negative Factors
Pre-revenue with persistent net losses
Mayfair remains an exploration-stage firm with no revenue and recurring losses, making profitability dependent on realizing future project value. Persistent negative results structurally limit internal funding ability, prolong dependency on external capital and create execution risk around converting exploration success into economic returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Mayfair’s virtually debt-free balance sheet and a marked equity increase provide durable financial flexibility. For an exploration company this reduces near-term solvency risk, supports continued drilling and studies without immediate debt servicing, and improves optionality for partnerships or staged project development over the next several months.
Read all positive factors
Mayfair Gold (MFG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$286.43M
Dividend YieldN/A
Average Volume (3M)262.34K
Price to Earnings (P/E)―
Beta (1Y)0.75
Revenue GrowthN/A
EPS Growth50.13%
CountryCA
Employees13
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.05
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
62
Positive
Cash Flow
25
Negative
| Breakdown | Dec 2025 | 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
Negative
5.20
Price Trends
5.01
Negative
4.92
Negative
4.30
Negative
Market Momentum
-0.19
Negative
40.80
Neutral
60.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MFG, the sentiment is Negative. The current price of 5.2 is above the 20-day moving average (MA) of 4.36, above the 50-day MA of 5.01, and above the 200-day MA of 4.30, indicating a bearish trend. The MACD of -0.19 indicates Negative momentum. The RSI at 40.80 is Neutral, neither overbought nor oversold. The STOCH value of 60.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MFG.
Mayfair Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$343.23M | -77.48 | -2.03% | ― | ― | -40.00% | |
53 Neutral | C$334.79M | -39.83 | -10.35% | ― | ― | -69.66% | |
49 Neutral | C$294.29M | -7.99 | -44.86% | ― | ― | -222.22% | |
46 Neutral | C$286.43M | -28.98 | -28.16% | ― | ― | 50.13% | |
45 Neutral | C$259.10M | -7.24 | -27.79% | ― | ― | ― | |
| ― | C$811.55M | -33.01 | -7.77% | ― | ― | -111.93% |
* Basic Materials Sector Average
TSE:MFG
Mayfair Gold
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29.39%
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Mayfair Gold Corporate Events
Business Operations and Strategy
Mayfair Gold Reports Encouraging Initial Grade Control Results at Fenn-Gib
Positive
Feb 11, 2026
Mayfair Gold has released initial results from its 2025 tight-spaced grade control drilling program at the near-surface Phase 1 starter pit of the Fenn-Gib gold project in Northern Ontario. The work, involving 56 short vertical diamond drill holes...
Business Operations and Strategy
Mayfair Gold’s Initial Grade Control Results Bolster Confidence at Fenn-Gib
Positive
Feb 11, 2026
Mayfair Gold has reported initial results from its 2025 grade control drilling program at the Fenn-Gib Project in Northern Ontario, covering 36 of 56 closely spaced diamond drill holes within the Phase 1 starter pit. The program targets roughly on...
Business Operations and StrategyRegulatory Filings and Compliance
Mayfair Gold Files Notice of Project Status for Fenn-Gib Mine in Ontario
Positive
Feb 5, 2026
Mayfair Gold has formally submitted a Notice of Project Status for its wholly owned Fenn-Gib Gold Project in northeastern Ontario, officially registering the planned mine with the provincial government and signaling its intent to advance the asset...
Business Operations and StrategyExecutive/Board Changes
Mayfair Gold Taps Veteran Mine Builder Pierre Beaudoin as Strategic Advisor for Fenn-Gib Project
Positive
Feb 3, 2026
Mayfair Gold has appointed veteran mining executive and mineral processing specialist Pierre Beaudoin as a strategic advisor to support the advancement of its Fenn-Gib gold project in Northern Ontario. Beaudoin, whose track record includes leading...
Business Operations and StrategyDelistings and Listing Changes
Mayfair Gold Begins Trading on NYSE American Under Ticker “MINE”
Positive
Jan 27, 2026
Mayfair Gold has commenced trading on the NYSE American under the ticker “MINE,” while maintaining its listing on the TSX Venture Exchange and discontinuing trading on the OTCQX market. Management frames the uplisting as a key step in ...
Business Operations and Strategy
Mayfair Gold Issues 645,000 Incentive Stock Options as Fenn-Gib Project Advances
Positive
Jan 26, 2026
Mayfair Gold has granted incentive stock options to directors, officers, employees and advisors to purchase a total of 645,000 common shares at an exercise price of $5.94 per share, exercisable over five years to January 26, 2031, as part of its o...
Business Operations and StrategyDelistings and Listing Changes
Mayfair Gold Wins NYSE American Listing as It Advances Fenn-Gib Project
Positive
Jan 22, 2026
Mayfair Gold Corp. has received approval to list its common shares on the NYSE American, where trading is scheduled to begin on January 27, 2026 under the ticker symbol “MINE,” while the company’s shares will continue to trade on...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Mayfair Gold Files NI 43-101 Technical Report for Fenn-Gib as VP Technical Services Moves to Semi-Retirement
Positive
Jan 16, 2026
Mayfair Gold has filed a NI 43-101-compliant technical report and pre-feasibility study for its Fenn-Gib Gold Project in Northeastern Ontario, a key regulatory and technical milestone that provides detailed engineering and economic analysis for po...
Business Operations and StrategyFinancial Disclosures
Mayfair Gold Unveils High-Return Pre-Feasibility Study for Fenn-Gib Project
Positive
Jan 8, 2026
Mayfair Gold has delivered a robust 2026 pre-feasibility study for its Fenn-Gib gold project in Ontario, outlining a high-margin, 14.3-year mine life with an after-tax NPV (5%) of $652 million and a 24% IRR at a US$3,100/oz base gold price, and si...
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.