Nevgold Corp (NAU) AI Stock Analysis

• Market Cap: C$31.56M
• Dividend Yield: N/A
• Average Volume (3M): 81.40K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.27
• Revenue Growth: N/A
• EPS Growth: -6.02%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Other Precious Metals
• EPS (TTM): -0.04
• Shares Outstanding: 92,829,650
• 10 Day Avg. Volume: 100,952
• 30 Day Avg. Volume: 81,404
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Nevgold Corp's overall stock score reflects the challenges typical of an exploration-stage mining company, including financial instability due to non-existent revenues and cash burn. However, positive technical indicators and recent promising corporate developments provide some optimism for future growth.

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 Ptarmigan silver polymetallic project in British Columbia, Canada. The company is headquartered in Vancouver, Canada.

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 exploration and development strategies, which can lead to the sale of these assets to larger mining companies or the production and sale of extracted minerals. Additionally, Nevgold may engage in joint ventures or partnerships with other mining entities to share costs and risks, enhancing its financial position and enabling future growth. The company's earnings are significantly influenced by factors such as commodity prices, exploration success, and operational efficiency.

Nevgold Corp Financial Statement Overview

Summary

Nevgold Corp's financials reflect its stage as a mining exploration company with no revenue and consistent cash outflows. The balance sheet shows a solid equity base, but ongoing losses and cash burn highlight the need for successful project development or additional funding to ensure sustainability.

Income Statement

Nevgold Corp shows no revenue as expected in the mining exploration phase, leading to negative gross, EBIT, and net margins. The lack of revenue growth and increasing losses indicate financial challenges in generating income.

Balance Sheet

The company's balance sheet reveals moderate leverage with a debt-to-equity ratio of 0.14 and a strong equity ratio of 79%. However, the increasing net losses impact the return on equity negatively.

Cash Flow

Negative operating and free cash flows reflect cash burn typical of exploration companies. Financing activities have provided necessary liquidity, but this reliance on external funding poses a risk.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-67.91K	-62.45K	-9.14K	-3.86K	-3.86K
	EBIT
-2.25M	-2.54M	-2.89M	-77.54K	-37.12K
	EBITDA
-2.31M	-2.44M	-2.88M	-73.18K	-32.79K
	Net Income Common Stockholders
-2.59M	-2.53M	-2.89M	-59.97K	28.19K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
151.52K	2.50M	2.76M	91.70K	1.31K
	Total Assets
22.28M	18.42M	11.11M	6.30M	6.18M
	Total Debt
210.74K	272.77K	301.50K	0.00	6.15K
	Net Debt
59.22K	-2.22M	-2.46M	-91.70K	4.84K
	Total Liabilities
2.47M	825.73K	608.56K	351.77K	370.27K
	Stockholders Equity
18.81M	17.60M	10.50M	5.95M	5.81M
Cash Flow		Free Cash Flow
-1.12M	-2.04M	-2.22M	-100.93K	-34.79K
	Operating Cash Flow
-1.12M	-2.01M	-1.24M	-70.66K	-33.83K
	Investing Cash Flow
-2.12M	-4.28M	-2.85M	-30.80K	-1.47K
	Financing Cash Flow
875.97K	6.02M	6.88M	191.85K	6.15K

Nevgold Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 0.34 is above the 20-day moving average (MA) of 0.34, above the 50-day MA of 0.32, and above the 200-day MA of 0.27, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.64 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NAU.

Nevgold Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	49 Neutral	$1.94B	-1.23	-21.28%	3.73%	1.19%	-29.73%
NAU	48 Neutral	C$31.56M	―	-16.68%	―	―	-6.02%
KDK	44 Neutral	C$32.05M	―	-8.20%	―	―	-22.63%
BBB	36 Underperform	C$29.33M	―	-67.17%	―	―	26.55%

Nevgold Corp Corporate Events

NevGold Unveils Promising Gold-Antimony Discoveries at Limousine Butte

NevGold Corp has announced significant new drill results at its Limousine Butte Project in Nevada, highlighting the potential for substantial gold-antimony resources. The discovery includes promising oxide gold-antimony results, which could advance the project towards an initial Mineral Resource Estimate. The company is actively exploring and re-evaluating historical data to capitalize on the project’s potential, with plans for continued drilling and metallurgical studies. This development positions NevGold strategically within the mining industry, particularly as there is growing support for domestic mineral projects in the United States.

Spark’s Take on TSE:NAU Stock

According to Spark, TipRanks’ AI Analyst, TSE:NAU is a Underperform.

Nevgold Corp’s overall score is low, reflecting its challenging financial performance and valuation metrics typical of an exploration-stage mining company. Despite positive corporate developments at the Zeus Copper Project, the lack of revenue and ongoing cash burn present significant risks. Technical indicators suggest a bearish trend, further weighing on the stock’s outlook.

To see Spark’s full report on TSE:NAU stock, click here.

NevGold Unveils Significant Gold-Antimony Discoveries at Limousine Butte

NevGold Corp has announced significant oxide gold-antimony drill results at its Cadillac Valley target area within the Limousine Butte Project in Nevada. The discovery highlights the substantial potential for further exploration and development, with promising grades and mineralization footprints. The company is actively re-evaluating historical drilling data to unlock additional opportunities, aligning with the United States’ commitment to advancing domestic mineral projects.

Spark’s Take on TSE:NAU Stock

According to Spark, TipRanks’ AI Analyst, TSE:NAU is a Underperform.

Nevgold Corp’s overall score is low, reflecting its challenging financial performance and valuation metrics typical of an exploration-stage mining company. Despite positive corporate developments at the Zeus Copper Project, the lack of revenue and ongoing cash burn present significant risks. Technical indicators suggest a bearish trend, further weighing on the stock’s outlook.

To see Spark’s full report on TSE:NAU stock, click here.

NevGold Unveils Promising Gold-Antimony Results at Nevada Project

NevGold Corp has announced significant gold-antimony drill results at its Limousine Butte Project in Nevada, showcasing the project’s potential for further exploration and development. The discovery aligns with the U.S. Executive Order to boost domestic mineral production, emphasizing antimony’s critical role. The company plans to continue its exploration activities, including re-assaying historical drill holes and conducting metallurgical studies, which could strengthen its market position and offer substantial opportunities for stakeholders.

NevGold Expands Zeus Copper Project by 50% in Idaho

NevGold Corp has expanded its Zeus Copper Project by approximately 50%, adding 1,000 hectares of land in the Hercules Copper District, Idaho. This strategic move enhances NevGold’s position in the emerging copper trend, as the newly acquired land shares geological similarities with significant copper discoveries in the area. The expansion is expected to strengthen NevGold’s exploration efforts, with plans for geophysical surveys to identify drill targets, potentially increasing the company’s resource base and market competitiveness.

NevGold Unveils Promising Copper-Gold-Molybdenum Anomalies at Zeus Project

NevGold Corp has announced significant findings from its geochemical soil sampling program at the Zeus Copper Project in Idaho’s Hercules Copper District. The discovery of a 2.4 km copper-gold-molybdenum soil anomaly at the Poseidon Target and a 1.0 km anomaly at the Thorn Springs Target underscores the project’s potential for copper-gold-molybdenum porphyry deposits. These results, which show strong geological similarities to Hercules Metals Corp’s copper porphyry discovery, bolster NevGold’s exploration efforts and plans for a 2025 drill program, potentially enhancing its industry positioning and stakeholder interest.

NevGold Unveils Promising Gold-Antimony Discoveries at Limousine Butte

NevGold Corp has announced significant gold-antimony drill results at its Limousine Butte Project in Nevada, indicating promising prospects for further exploration. The discovery highlights the project’s potential, especially given the strategic importance of antimony as a critical mineral in the United States. With all areas permitted for drilling, NevGold plans to continue evaluating and re-analyzing historical data to maximize the project’s value.

NevGold Unveils High-Grade Antimony Discovery at Nevada Project

NevGold Corp. has discovered significant antimony potential at its Limousine Butte Project in Nevada, identifying high-grade oxide gold and antimony areas through historical surface and drilling geochemical results. This discovery is poised to enhance the project’s value, particularly as antimony is a critical mineral with national security implications, and could impact the global supply chain, considering the current dominance of China, Russia, and Tajikistan in antimony production.