Majestic Gold Corp (TSE:MJS)
:MJS
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Majestic Gold
(MJS)
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Rating:55Neutral
Price Target:
C$0.15
▼(-6.88% Downside)
Action:DowngradedDate:04/21/26
The score is driven primarily by weakening fundamentals (lower net profitability, weaker cash conversion, and higher leverage) and bearish technicals, partially offset by a relatively low P/E and very high dividend yield.
Positive Factors
High operating margins
Sustained gross (~52%) and EBIT (~37%) margins indicate the business generates substantial margin per ounce produced. These margins provide a durable cushion versus cost inflation or temporary price swings, supporting internal funding for sustaining capital, dividends, and reinvestment over the medium term.
Negative Factors
Rising leverage
The meaningful step-up in leverage reduces financial flexibility versus prior years. Higher debt increases fixed interest obligations and limits the company's capacity to fund exploration, acquisitions, or absorb commodity shocks without additional external financing, raising long-term funding risk.
Read all positive and negative factors
Positive Factors
Negative Factors
High operating margins
Sustained gross (~52%) and EBIT (~37%) margins indicate the business generates substantial margin per ounce produced. These margins provide a durable cushion versus cost inflation or temporary price swings, supporting internal funding for sustaining capital, dividends, and reinvestment over the medium term.
Read all positive factors
Majestic Gold (MJS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$151.19M
Dividend Yield8.87%
Average Volume (3M)1.02M
Price to Earnings (P/E)16.6
Beta (1Y)0.94
Revenue Growth28.21%
EPS Growth-9.76%
CountryCA
Employees86
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,042,664,400
10 Day Avg. Volume855,354
30 Day Avg. Volume1,018,969
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)0.76
Price to Sales (P/S)1.25
P/FCF Ratio9.90
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
Majestic Gold Business Overview & Revenue Model
Company Description
Majestic Gold Corp., a mining company, focuses on exploration, development, and operation of mining properties in China, Australia, and Canada. The company primarily explores for gold ores. Its flagship project is the Songjiagou gold mine located ...
How the Company Makes Money
Majestic Gold primarily makes money by producing gold and selling it into the market (i.e., revenue is largely driven by the quantity of gold produced and the realized gold price at the time of sale). Its core revenue stream is proceeds from gold ...
Majestic Gold Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
54
Neutral
Cash Flow
50
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 90.82M | 70.95M | 55.02M | 63.47M | 38.45M |
| Gross Profit | 47.48M | 36.36M | 26.57M | 33.88M | 21.71M |
| EBITDA | 44.37M | 36.83M | 26.35M | 34.01M | 18.21M |
| Net Income | 6.86M | 9.93M | 7.56M | 11.08M | 4.51M |
Balance Sheet | |||||
| Total Assets | 339.70M | 187.93M | 187.23M | 139.61M | 128.04M |
| Cash, Cash Equivalents and Short-Term Investments | 166.79M | 11.81M | 15.21M | 12.31M | 6.35M |
| Total Debt | 49.66M | 131.83K | 4.29M | 4.38M | 4.81M |
| Total Liabilities | 98.46M | 28.21M | 34.93M | 30.27M | 35.23M |
| Stockholders Equity | 149.55M | 107.93M | 105.75M | 87.05M | 82.40M |
Cash Flow | |||||
| Free Cash Flow | 11.51M | 20.55M | 13.67M | 22.85M | 6.51M |
| Operating Cash Flow | 31.45M | 28.53M | 24.49M | 30.29M | 15.46M |
| Investing Cash Flow | -24.29M | -8.39M | -3.67M | -15.10M | -8.04M |
| Financing Cash Flow | 58.00M | -15.47M | 32.04M | -1.48M | -6.95M |
Majestic Gold Technical Analysis
Negative
0.16
Price Trends
0.16
Negative
0.17
Negative
0.16
Negative
Market Momentum
>-0.01
Negative
40.02
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MJS, the sentiment is Negative. The current price of 0.16 is above the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.16, and below the 200-day MA of 0.16, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 40.02 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MJS.
Majestic 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% | |
58 Neutral | C$415.82M | -16.63 | -8.05% | ― | ― | -105.98% | |
55 Neutral | C$151.19M | 16.60 | 7.23% | 8.87% | 28.21% | -9.76% | |
55 Neutral | C$270.26M | -6.50 | -30.36% | ― | ― | -6.54% | |
53 Neutral | C$251.00M | -7.55 | -119.43% | ― | ― | -9300.00% | |
49 Neutral | C$179.08M | -18.94 | -5.85% | ― | ― | -7.14% | |
44 Neutral | C$210.42M | -16.49 | -74.62% | ― | ― | -70.87% |
* Basic Materials Sector Average
TSE:MJS
Majestic Gold
0.14
0.03
23.85%
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Aurion Resources
2.56
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220.00%
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Minaurum Gold
0.37
0.21
131.25%
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0.59
0.01
1.72%
TSE:CBR
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TSE:RVG
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Majestic Gold Corporate Events
Business Operations and Strategy
Majestic Gold Restarts Production at Mujin Project’s DGZ Underground Mine
Positive
Mar 23, 2026
Majestic Gold Corp. has resumed operations and production at the DGZ Underground Mine within its Mujin Gold Project in eastern Shandong Province, China. The restart follows a previously announced suspension of production that the company now expec...
Business Operations and Strategy
Majestic Gold Restarts Production at Songjiagou Underground Mine
Positive
Mar 17, 2026
Majestic Gold Corp. has resumed operations and production at its Songjiagou Underground Mine in eastern Shandong Province, China, signaling a restart of output at one of its core assets. The company indicated it will provide additional updates as ...
Business Operations and Strategy
Majestic Gold Restarts Production at Songjiagou Open-Pit Mine
Positive
Mar 10, 2026
Majestic Gold Corp. has resumed operations and production at its Songjiagou open-pit mine in eastern Shandong Province, restoring activity at its flagship asset after a period of suspension. The company plans to issue further updates as more infor...
Business Operations and StrategyRegulatory Filings and Compliance
Majestic Gold Halts China Operations After Regional Safety Order
Negative
Feb 10, 2026
Majestic Gold Corp., a British Columbia-based junior gold producer, operates the Songjiagou and Mujin gold projects in eastern Shandong Province, China, and targets growth through new gold property acquisitions and joint ventures. The company is a...
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.