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Nevgold Corp
(NAU)
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Rating:55Neutral
Price Target:
C$2.00
▲(92.31% Upside)
Action:Reiterated
Date:06/01/26
Overall score is held back primarily by weak financial performance (no revenue, widening losses, and higher cash burn) despite a low-debt balance sheet. Technicals are a key positive with strong upward momentum, but overbought signals add near-term risk. Valuation is pressured by negative earnings and no dividend data.
Positive Factors
Low leverage and large equity base
A sizable equity base with minimal debt provides durable financial flexibility for an exploration company. Low leverage reduces solvency and interest-cost risk, enabling continued funding of drilling and studies without immediate pressure to service debt, supporting multi-month project advancement.
Negative Factors
Pre-revenue with widening losses
A persistent pre-revenue profile combined with materially widening losses indicates the business consumes capital while not generating operating cash. Over a 2–6 month horizon this elevates financing dependency and threatens project continuity if exploration doesn’t rapidly yield monetizable results.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and large equity base
A sizable equity base with minimal debt provides durable financial flexibility for an exploration company. Low leverage reduces solvency and interest-cost risk, enabling continued funding of drilling and studies without immediate pressure to service debt, supporting multi-month project advancement.
Read all positive factors
Nevgold Corp (NAU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$352.51M
Dividend YieldN/A
Average Volume (3M)433.07K
Price to Earnings (P/E)―
Beta (1Y)1.75
Revenue GrowthN/A
EPS Growth-105.96%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.08
Shares Outstanding170,293,090
10 Day Avg. Volume917,683
30 Day Avg. Volume433,067
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)2.82
Price to Sales (P/S)0.00
P/FCF Ratio-31.55
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. is dedicated to the discovery and advancement of mineral properties. The company's primary focus is on unearthing gold, silver, and other valuable polymetallic deposits. It holds interests in the Limousine Butte and Cedar Wash projec...
How the Company Makes Money
Nevgold Corp does not primarily generate recurring operating revenue from product sales because it is generally an exploration-stage mining company; information indicating stable, material revenue from mineral production is not available (null). I...
Nevgold Corp Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
64
Positive
Cash Flow
23
Negative
| Breakdown | Mar 2026 | Dec 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -70.22K | -68.88K | -67.91K | -62.45K | -9.14K |
| EBITDA | -5.26M | -3.35M | -2.31M | -2.44M | -2.88M |
| Net Income | -7.78M | -3.47M | -2.59M | -2.53M | -2.89M |
Balance Sheet | |||||
| Total Assets | 37.70M | 29.32M | 22.28M | 18.42M | 11.11M |
| Cash, Cash Equivalents and Short-Term Investments | 9.58M | 1.14M | 151.52K | 2.50M | 2.76M |
| Total Debt | 1.96M | 3.31M | 210.74K | 272.77K | 301.50K |
| Total Liabilities | 4.69M | 5.76M | 2.47M | 825.73K | 608.56K |
| Stockholders Equity | 33.18M | 22.75M | 18.81M | 17.60M | 10.50M |
Cash Flow | |||||
| Free Cash Flow | -2.96M | -2.04M | -1.12M | -2.04M | -2.22M |
| Operating Cash Flow | -2.96M | -2.04M | -1.12M | -2.01M | -1.24M |
| Investing Cash Flow | -3.65M | -2.11M | -2.12M | -4.28M | -2.85M |
| Financing Cash Flow | 15.07M | 5.14M | 875.97K | 6.02M | 6.88M |
Nevgold Corp Technical Analysis
Negative
1.04
Price Trends
2.35
Negative
1.86
Positive
1.31
Positive
Market Momentum
-0.07
Positive
42.26
Neutral
23.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NAU, the sentiment is Negative. The current price of 1.04 is below the 20-day moving average (MA) of 2.28, below the 50-day MA of 2.35, and below the 200-day MA of 1.31, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 42.26 is Neutral, neither overbought nor oversold. The STOCH value of 23.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | C$114.57M | 7.55 | 40.18% | ― | 137.61% | 383.62% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | C$352.51M | -27.80 | -29.21% | ― | ― | -105.96% | |
49 Neutral | C$151.71M | -10.36 | -62.72% | ― | ― | -85.00% | |
48 Neutral | C$188.20M | -8.87 | -385.60% | ― | ― | -2651.52% | |
44 Neutral | C$62.83M | -2.83 | -23.99% | ― | -2.25% | 18.99% | |
40 Underperform | C$49.20M | -1.22 | -125.61% | ― | ― | -153.31% |
* Basic Materials Sector Average
TSE:NAU
Nevgold Corp
2.07
1.72
491.43%
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0.31
0.00
0.00%
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TSE:VIPR
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TSE:PGLD
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TSE:EMPR
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45.00%
Nevgold Corp Corporate Events
Business Operations and Strategy
NevGold Drill Results Strengthen Case for Near-Term Antimony Production at Limousine Butte
Positive
Apr 14, 2026
NevGold reported positive, consistent sonic drill results from historic gold leach pads at its Limousine Butte project in Nevada, with multiple holes returning antimony grades around 0.3% and gold grades near 0.4–0.5 grams per tonne over int...
Business Operations and Strategy
NevGold Advances Limousine Butte Toward Maiden Antimony-Gold Resource and Near-Term Output
Positive
Apr 9, 2026
NevGold reported further strong oxide antimony-gold drill results from its Limousine Butte project in Nevada, highlighted by an intercept of 1.93 g/t gold equivalent over 100.6 meters from surface at Resurrection Ridge, including 1.11% antimony ov...
Business Operations and Strategy
NevGold Reports Strong Gold Recoveries and New Antimony at Nevada Project
Positive
Apr 2, 2026
NevGold reported Phase II metallurgical testwork from its Limousine Butte project showing sequential leaching of antimony followed by gold yields average gold recoveries above 93% from residual tailings. The results confirm that antimony recovery ...
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.