Newcore Gold (TSE:NCAU)
:NCAU
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Newcore Gold
(NCAU)
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Rating:49Neutral
Price Target:
C$0.84
▲(39.33% Upside)
Action:ReiteratedDate:01/13/26
The score is primarily held down by weak financial performance (no revenue, ongoing losses, and negative operating/free cash flow). Technicals are supportive with strong momentum and price above major moving averages, but overbought signals raise near-term risk. Valuation provides limited support due to negative earnings and no dividend yield data.
Positive Factors
Successful Financing
The successful $15 million financing strengthens Newcore Gold's financial position, enabling further investment in exploration projects and enhancing its market standing.
Negative Factors
Equity Financing Reliance
Reliance on equity financing can dilute existing shareholders and indicates a lack of internal cash generation, posing a risk to long-term shareholder value.
Read all positive and negative factors
Positive Factors
Negative Factors
Successful Financing
The successful $15 million financing strengthens Newcore Gold's financial position, enabling further investment in exploration projects and enhancing its market standing.
Read all positive factors
Newcore Gold (NCAU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$169.13M
Dividend YieldN/A
Average Volume (3M)393.43K
Price to Earnings (P/E)―
Beta (1Y)1.45
Revenue GrowthN/A
EPS Growth-7.14%
CountryCA
Employees41
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.01
Shares Outstanding284,248,700
10 Day Avg. Volume341,895
30 Day Avg. Volume393,426
Financial Highlights & Ratios
PEG Ratio-0.14
Price to Book (P/B)1.17
Price to Sales (P/S)0.00
P/FCF Ratio-21.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$2.25Price Target Upside275.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.02
Revenue Forecast (FY)C$496.24M
Newcore Gold Business Overview & Revenue Model
Company Description
Newcore Gold Ltd., a mineral exploration and mine development company, engages in the acquisition, advancement, and development of precious mineral properties in Ghana. It holds 100% interest in the Enchi gold project covering 216 square kilometer...
How the Company Makes Money
Newcore Gold makes money by exploring and developing gold resources, which involves identifying potential gold deposits, conducting extensive exploration activities, and increasing the value of its properties. The company's revenue model primarily...
Newcore Gold Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -35.30K | -16.33K | -11.29K | -9.35K | -6.41K | 0.00 |
| EBITDA | -4.42M | -4.05M | -1.94M | -2.62M | -4.01M | -2.07M |
| Net Income | -3.55M | -5.27M | -2.42M | -2.63M | -4.02M | -2.21M |
Balance Sheet | ||||||
| Total Assets | 71.84M | 56.75M | 46.23M | 44.51M | 40.39M | 31.12M |
| Cash, Cash Equivalents and Short-Term Investments | 10.87M | 5.15M | 3.75M | 3.59M | 5.53M | 13.21M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 6.03M | 6.89M | 170.25K | 492.97K | 1.31M | 1.58M |
| Stockholders Equity | 65.81M | 49.85M | 46.06M | 44.02M | 39.08M | 29.54M |
Cash Flow | ||||||
| Free Cash Flow | -3.77M | -2.68M | -1.99M | -6.91M | -18.36M | -4.17M |
| Operating Cash Flow | -3.74M | -2.68M | -1.99M | -2.19M | -2.53M | -1.36M |
| Investing Cash Flow | -11.77M | -4.63M | 287.90K | -2.90M | -8.61M | -14.41M |
| Financing Cash Flow | 18.07M | 8.69M | 4.92M | 5.12M | 10.67M | 17.04M |
Newcore Gold Technical Analysis
Negative
0.60
Price Trends
0.73
Negative
0.71
Negative
0.69
Negative
Market Momentum
-0.03
Negative
38.63
Neutral
31.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NCAU, the sentiment is Negative. The current price of 0.6 is below the 20-day moving average (MA) of 0.64, below the 50-day MA of 0.73, and below the 200-day MA of 0.69, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 38.63 is Neutral, neither overbought nor oversold. The STOCH value of 31.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NCAU.
Newcore Gold Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | C$140.76M | 11.64 | 7.23% | 8.87% | 28.21% | -9.76% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$189.81M | -3.08 | -118.61% | ― | ― | 4.64% | |
52 Neutral | C$146.71M | 30.75 | 24.00% | ― | ― | 379.90% | |
49 Neutral | C$169.13M | -18.94 | -5.85% | ― | ― | -7.14% | |
44 Neutral | C$179.63M | -16.49 | -74.62% | ― | ― | -70.87% | |
44 Neutral | C$124.72M | -7.19 | 47.25% | ― | ― | ― |
* General Sector Average
TSE:NCAU
Newcore Gold
0.60
0.08
16.67%
TSE:PPP
Prospector Metals
1.21
1.11
1110.00%
TSE:MGG
Minaurum Gold
0.35
0.21
141.38%
TSE:MJS
Majestic Gold
0.14
0.05
66.67%
TSE:XTG
Xtra-Gold Resource
3.15
1.03
48.58%
TSE:OMI
Orosur Mining
0.32
0.10
46.51%
Newcore Gold Corporate Events
Business Operations and Strategy
Newcore Gold Hits First Visible Gold and High-Grade Intercepts at Enchi Project in Ghana
Positive
Jan 21, 2026
Newcore Gold reported significant diamond drilling results from its ongoing 45,000-metre program at the Enchi Gold Project in Ghana, including the first instance of visible gold encountered on the property. At the Boin deposit, hole KBDD100 return...
Business Operations and Strategy
Newcore Gold Hits High-Grade Deep Gold at Enchi’s Boin Deposit, Underscoring Resource Growth Potential
Positive
Jan 7, 2026
Newcore Gold has reported the first diamond drill results from its ongoing 45,000-metre program at the Enchi Gold Project’s Boin deposit in Ghana, highlighted by a very high-grade intercept of 173.75 g/t gold over 1.0 metre and a broader int...
Business Operations and Strategy
Newcore Gold Reports Positive Drilling Results at Enchi Project in Ghana
Positive
Dec 16, 2025
Newcore Gold Ltd. has announced promising results from its ongoing 45,000-metre drill program at the Enchi Gold Project in Ghana, with significant gold mineralization intersected at the Boin Gold Deposit. The drilling results, which include high-g...
Business Operations and Strategy
Newcore Gold’s Enchi Project Shows Promising Growth Potential
Positive
Nov 4, 2025
Newcore Gold Ltd. has announced promising drill results from its ongoing 45,000-metre drill program at the Enchi Gold Project in Ghana. The recent drilling at the Kwakyekrom Gold Deposit revealed significant near-surface gold mineralization, indic...
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.