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Nevgold Corp
(NAU)
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Rating:47Neutral
Price Target:
C$1.50
▲(44.23% Upside)
Action:Reiterated
Date:07/09/26
The score is primarily held back by weak financial performance—no revenue, widening losses, and elevated cash burn that increases funding and dilution risk—despite a relatively low-leverage balance sheet. Technicals add further caution with bearish momentum (below key moving averages and negative MACD). Valuation is only mildly supportive because negative earnings and no dividend limit traditional valuation support.
Positive Factors
Balance sheet strength
A sizable equity base and minimal debt provide Nevgold durable financial flexibility typical of explorers. Low leverage reduces near-term insolvency and interest burdens, allowing continued funding of drill programs, option negotiations or staged project advancement without heavy debt servicing constraints.
Negative Factors
No revenue / widening losses
The company remains pre-revenue with materially widening net losses. Persistent negative earnings erode equity and leave long-term value hinged on successful exploration outcomes. Without commercial mineral sales, sustained losses increase the need for external capital and raise execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A sizable equity base and minimal debt provide Nevgold durable financial flexibility typical of explorers. Low leverage reduces near-term insolvency and interest burdens, allowing continued funding of drill programs, option negotiations or staged project advancement without heavy debt servicing constraints.
Read all positive factors
Nevgold Corp (NAU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$278.30M
Dividend YieldN/A
Average Volume (3M)433.07K
Price to Earnings (P/E)―
Beta (1Y)2.06
Revenue GrowthN/A
EPS Growth-105.96%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.08
Shares Outstanding171,793,090
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
2.31
Negative
1.96
Negative
1.41
Positive
Market Momentum
-0.15
Positive
32.07
Neutral
9.69
Positive
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 2.05, below the 50-day MA of 2.31, and below the 200-day MA of 1.41, indicating a neutral trend. The MACD of -0.15 indicates Positive momentum. The RSI at 32.07 is Neutral, neither overbought nor oversold. The STOCH value of 9.69 is Positive, 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$104.03M | 6.94 | 40.18% | ― | 137.61% | 383.62% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | C$154.01M | -10.68 | -62.72% | ― | ― | -85.00% | |
48 Neutral | C$211.73M | -9.91 | -385.60% | ― | ― | -2651.52% | |
47 Neutral | C$278.30M | -21.34 | -29.21% | ― | ― | -105.96% | |
44 Neutral | C$63.86M | -2.91 | -23.99% | ― | -2.25% | 18.99% | |
40 Underperform | C$39.60M | -0.98 | -125.61% | ― | ― | -153.31% |
* Basic Materials Sector Average
TSE:NAU
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Nevgold Corp Corporate Events
Business Operations and StrategyDividends
Source Rock Royalties Declares Monthly Dividend and Grants RSUs to Management
Positive
Jul 16, 2026
Source Rock Royalties has declared a monthly cash dividend of $0.0065 per common share, payable on August 14, 2026 to shareholders of record on July 31, 2026, and designated it as an eligible dividend for Canadian tax purposes. The distribution un...
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.