Nevgold Corp (TSE:NAU)
:NAU
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Nevgold Corp
(NAU)
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Rating:51Neutral
Price Target:
C$1.00
▼(-4.23% Downside)
Action:ReiteratedDate:01/07/26
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and accelerating cash burn) and an unattractive earnings-based valuation (negative P/E with no dividend support). These are partially offset by strong technical strength, with the stock trading above key moving averages and showing positive momentum.
Positive Factors
Balance Sheet Health
Moderate leverage (D/E ~0.15) gives the company structural financial flexibility versus highly leveraged peers, lowering immediate solvency risk. This supports continued project funding ability and access to credit over the medium term while operations remain pre-revenue.
Negative Factors
Pre-revenue and Widening Losses
Remaining pre-revenue while operating at rising losses means the company cannot self-fund growth or sustain operations from operations. Persistent negative profitability forces reliance on external financing, increasing dilution and execution risk until commercial production or revenue ramps.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Health
Moderate leverage (D/E ~0.15) gives the company structural financial flexibility versus highly leveraged peers, lowering immediate solvency risk. This supports continued project funding ability and access to credit over the medium term while operations remain pre-revenue.
Read all positive factors
Nevgold Corp (NAU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$200.55M
Dividend YieldN/A
Average Volume (3M)433.07K
Price to Earnings (P/E)―
Beta (1Y)1.48
Revenue GrowthN/A
EPS Growth-38.35%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding139,273,120
10 Day Avg. Volume917,683
30 Day Avg. Volume433,067
Financial Highlights & Ratios
PEG Ratio-0.95
Price to Book (P/B)0.82
Price to Sales (P/S)0.00
P/FCF Ratio-9.14
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
Nevgold Corp Business Overview & Revenue Model
Company Description
NevGold Corp. engages in the exploration and development of mineral properties. The company explores for gold and silver polymetallic deposits. It owns interests in the Limousine Butte and Cedar Wash projects in Nevada, the United States; and the ...
How the Company Makes Money
Nevgold Corp makes money primarily through the exploration and development of mineral resources, specifically gold and other precious metals. The company generates revenue by increasing the value of its mining projects through successful explorati...
Nevgold Corp Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
52
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2024 | Mar 2024 | Mar 2023 | Mar 2022 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -70.26K | -68.88K | -67.91K | -62.45K | -9.14K | -3.86K |
| EBITDA | -4.44M | -3.35M | -2.31M | -2.44M | -2.88M | -73.18K |
| Net Income | -4.83M | -3.47M | -2.59M | -2.53M | -2.89M | -59.97K |
Balance Sheet | ||||||
| Total Assets | 31.29M | 29.32M | 22.28M | 18.42M | 11.11M | 6.30M |
| Cash, Cash Equivalents and Short-Term Investments | 2.22M | 1.14M | 151.52K | 2.50M | 2.76M | 91.70K |
| Total Debt | 3.67M | 3.31M | 210.74K | 272.77K | 301.50K | 0.00 |
| Total Liabilities | 5.42M | 5.76M | 2.47M | 825.73K | 608.56K | 351.77K |
| Stockholders Equity | 25.06M | 22.75M | 18.81M | 17.60M | 10.50M | 5.95M |
Cash Flow | ||||||
| Free Cash Flow | -1.93M | -2.04M | -1.12M | -2.04M | -2.22M | -100.93K |
| Operating Cash Flow | -1.93M | -2.04M | -1.12M | -2.01M | -1.24M | -70.66K |
| Investing Cash Flow | -1.49M | -2.11M | -2.12M | -4.28M | -2.85M | -30.80K |
| Financing Cash Flow | 5.09M | 5.14M | 875.97K | 6.02M | 6.88M | 191.85K |
Nevgold Corp Technical Analysis
Positive
1.04
Price Trends
1.20
Positive
1.05
Positive
0.71
Positive
Market Momentum
0.04
Negative
66.56
Neutral
92.57
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NAU, the sentiment is Positive. The current price of 1.04 is below the 20-day moving average (MA) of 1.23, below the 50-day MA of 1.20, and above the 200-day MA of 0.71, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 66.56 is Neutral, neither overbought nor oversold. The STOCH value of 92.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NAU.
Nevgold Corp Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | C$119.57M | 12.43 | 33.85% | ― | 112.93% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | C$182.21M | -3.64 | -195.55% | ― | ― | 63.18% | |
52 Neutral | C$108.77M | -5.27 | -67.67% | ― | ― | -57.64% | |
51 Neutral | C$200.55M | -14.09 | -20.18% | ― | ― | -38.35% | |
47 Neutral | C$98.69M | -4.18 | -32.67% | ― | -19.44% | -2980.00% | |
45 Neutral | C$185.20M | -11.30 | -418.93% | ― | ― | -66.51% |
* Basic Materials Sector Average
TSE:NAU
Nevgold Corp
1.44
1.14
372.13%
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0.49
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TSE:SCOT
Scottie Resources Corp
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183.53%
TSE:VIPR
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377.55%
TSE:PGLD
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846.67%
TSE:EMPR
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0.50
112.36%
Nevgold Corp Corporate Events
Business Operations and Strategy
NevGold Expands High-Grade Gold-Antimony Mineralization and Unveils New Oxide Gold Discovery at Limousine Butte
Positive
Jan 22, 2026
NevGold reported high-grade oxide antimony and gold intercepts from step-out drilling at the Bullet Zone within its Limousine Butte project, including 5.89% antimony over 3.0 meters within a broader 53.3-meter zone of gold-antimony mineralization,...
Business Operations and Strategy
NevGold Targets Near-Term Antimony Output From Historic Leach Pads at Nevada’s Limousine Butte
Positive
Jan 6, 2026
NevGold has identified 2.4 million to 3.0 million tonnes of previously mined material in historical crushed and run-of-mine leach pads at its Limousine Butte project in Nevada, with consistent antimony grades averaging around 0.27–0.31% Sb a...
Business Operations and StrategyProduct-Related Announcements
NevGold Expands Antimony-Gold Footprint at Limousine Butte Project
Positive
Dec 17, 2025
NevGold Corp has expanded its Limousine Butte project in Nevada by staking an additional 90 claims, adding approximately 6 square kilometers of land with significant antimony-gold potential. The newly acquired area shares geological similarities w...
Business Operations and Strategy
NevGold Corp Expands High-Grade Antimony Discovery at Limousine Butte
Positive
Dec 2, 2025
NevGold Corp has announced significant high-grade antimony drill results at the newly discovered Bullet Zone within its Limousine Butte Project in Nevada. The discovery expands the gold-antimony mineralization footprint, and the company plans to a...
Business Operations and StrategyPrivate Placements and Financing
NevGold Corp. Secures C$10 Million to Advance Key Projects
Positive
Nov 19, 2025
NevGold Corp. has successfully closed a C$10 million brokered private placement financing, enhancing its financial position to advance its asset portfolio, particularly the Limousine Butte gold-antimony project in Nevada, following a significant d...
Private Placements and Financing
NevGold Corp. Announces C$10M Private Placement Financing
Positive
Nov 6, 2025
NevGold Corp. has announced a C$10 million brokered private placement financing agreement with Clarus Securities Inc. to advance its mineral projects in Nevada and Idaho. The funds will be used for the Limousine Butte gold-antimony project, Nutmeg...
Business Operations and Strategy
NevGold Achieves Breakthrough in Antimony Recovery at Limousine Butte Project
Positive
Nov 5, 2025
NevGold Corp has announced successful Phase II metallurgical testwork results at its Limousine Butte Project in Nevada, achieving up to 85% recovery of antimony across various grades. This advancement is significant as it demonstrates the project&...
Business Operations and Strategy
NevGold Achieves High Antimony Recovery at Limousine Butte Project
Positive
Nov 5, 2025
NevGold Corp has announced positive results from its Phase II metallurgical testwork at the Limousine Butte Project in Nevada, achieving up to 85% recovery of antimony without affecting gold recovery. This development is significant as it enhances...
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.