Nevgold Corp (TSE:NAU)
:NAU
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Nevgold Corp
(NAU)
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Rating:56Neutral
Price Target:
C$2.00
▲(92.31% Upside)
Action:ReiteratedDate:05/02/26
The score is held back primarily by weak financial performance (no revenue, widening losses, and rising cash burn), partially offset by a low-leverage balance sheet. Technically, the stock shows strong bullish momentum (price above key moving averages with positive MACD), while valuation remains constrained by ongoing losses and no dividend yield.
Positive Factors
Low leverage and sizable equity base
A sizable equity cushion and very low debt-to-equity (~0.06 in 2025) provide durable financial flexibility for an exploration company. This reduces immediate solvency risk, supports multi-year drilling programs, and lowers bankruptcy risk while management pursues value-accretive partnerships or asset sales.
Negative Factors
No revenue and widening net losses
Persistent zero revenue and a materially larger net loss in 2025 signal structural profitability risk. Continued loss expansion erodes equity over time, increases the need for external capital, and makes it harder to finance multi-year exploration without significant dilution or asset disposals.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and sizable equity base
A sizable equity cushion and very low debt-to-equity (~0.06 in 2025) provide durable financial flexibility for an exploration company. This reduces immediate solvency risk, supports multi-year drilling programs, and lowers bankruptcy risk while management pursues value-accretive partnerships or asset sales.
Read all positive factors
Nevgold Corp (NAU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$286.85M
Dividend YieldN/A
Average Volume (3M)433.07K
Price to Earnings (P/E)―
Beta (1Y)1.69
Revenue GrowthN/A
EPS Growth-90.27%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.07
Shares Outstanding139,925,460
10 Day Avg. Volume917,683
30 Day Avg. Volume433,067
Financial Highlights & Ratios
PEG Ratio-0.10
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. 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 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
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | 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
Positive
1.04
Price Trends
1.35
Positive
1.16
Positive
0.79
Positive
Market Momentum
0.23
Negative
80.02
Negative
77.88
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 1.04 is below the 20-day moving average (MA) of 1.57, below the 50-day MA of 1.35, and above the 200-day MA of 0.79, indicating a bullish trend. The MACD of 0.23 indicates Negative momentum. The RSI at 80.02 is Negative, neither overbought nor oversold. The STOCH value of 77.88 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | C$117.67M | 5.39 | 33.85% | ― | 117.33% | 597.46% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$286.85M | -5.38 | -20.18% | ― | ― | -90.27% | |
49 Neutral | C$175.41M | 9.42 | -62.72% | ― | ― | -85.00% | |
48 Neutral | C$195.63M | -5.15 | -418.93% | ― | ― | -2651.52% | |
47 Neutral | C$104.52M | -4.18 | -27.28% | ― | 0.53% | -44.82% | |
42 Neutral | C$84.60M | -5.44 | -125.61% | ― | ― | -153.31% |
* Basic Materials Sector Average
TSE:NAU
Nevgold Corp
2.05
1.73
540.62%
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TSE:VIPR
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TSE:EMPR
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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 ...
Business Operations and Strategy
NevGold Advances High-Grade Antimony-Gold Project at Limousine Butte With Strong Drill Results
Positive
Mar 19, 2026
NevGold reported further high-grade oxide antimony-gold drill results from its Limousine Butte project in Nevada, including an intercept of 11.42 g/t gold equivalent over 7.7 meters within a broader 27.4-meter zone at 4.91 g/t gold equivalent. Add...
Business Operations and Strategy
NevGold Moves to Define Near-Term Antimony Production at Nevada’s Limousine Butte
Positive
Mar 12, 2026
NevGold has received permits and mobilized a drill rig to test historical gold heap leach pads at its Limousine Butte project in Nevada, aiming to define a Mineral Resource Estimate for near-term antimony production by early Q2 2026. The company v...
Business Operations and Strategy
NevGold Unveils High-Grade Armory Fault Discovery at Nevada Gold-Antimony Project
Positive
Feb 18, 2026
NevGold reported a high-grade oxide gold-antimony discovery at the newly defined Armory Fault within the Bullet Zone at its Limousine Butte project in Nevada, highlighted by an intercept of 8.51 g/t AuEq over 10.6 meters within a broader 2.32 g/t ...
Business Operations and Strategy
NevGold Extends High-Grade Gold-Antimony Mineralization at Nevada’s Limousine Butte
Positive
Feb 10, 2026
NevGold Corp. reported further high-grade oxide gold-antimony intercepts from its Bullet Zone discovery at the Limousine Butte Project in Nevada, including 12.42 g/t gold equivalent over 3.1 meters within a broader 32.0-meter interval grading 3.30...
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.