Treasury Metals J (TSE:NEXG)
:NEXG
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Treasury Metals
(NEXG)
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Rating:45Neutral
Price Target:
C$1.50
▼(-15.25% Downside)
Action:ReiteratedDate:03/28/26
The score is driven primarily by weak financial performance (no revenue, widening losses, and increasing cash burn), partially mitigated by a low-leverage balance sheet. Technical indicators add downside bias, and valuation is constrained by negative earnings and no dividend.
Positive Factors
Low leverage and larger equity base
A very low debt-to-equity ratio and a meaningful increase in shareholders' equity reduce near-term default and interest-rate pressure. This strengthens the company’s ability to pursue development milestones or secure project financing on better terms over a multi-month horizon, improving optionality.
Negative Factors
No revenue and widening net losses
Being pre-production with no operating revenue, the company depends entirely on capital markets to cover accelerating losses. The sharp widening of net loss increases the amount and frequency of required external funding, eroding shareholder value and constraining long-term self-funding capacity until production.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and larger equity base
A very low debt-to-equity ratio and a meaningful increase in shareholders' equity reduce near-term default and interest-rate pressure. This strengthens the company’s ability to pursue development milestones or secure project financing on better terms over a multi-month horizon, improving optionality.
Read all positive factors
Treasury Metals (NEXG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$259.10M
Dividend YieldN/A
Average Volume (3M)1.14M
Price to Earnings (P/E)―
Beta (1Y)1.86
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees22
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.04
Shares Outstanding170,458,300
10 Day Avg. Volume1,290,026
30 Day Avg. Volume1,141,039
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)1.23
Price to Sales (P/S)0.00
P/FCF Ratio-8.22
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)-0.11
Revenue Forecast (FY)C$213.00M
Treasury Metals Business Overview & Revenue Model
Company Description
NeXGold Mining Corp. operates as a gold exploration and development company in Canada. The company's flagship asset is the 100%-owned Goliath Gold Complex, an advanced stage high-grade gold deposit near Dryden, Ontario, which includes the Goliath,...
How the Company Makes Money
Treasury Metals is a pre-production mineral exploration/development company; as such, it typically does not generate recurring operating revenue from gold sales unless it is producing (no such revenue information is provided here). Its economic mo...
Treasury Metals Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -836.44K | -455.83K | -202.38K | -235.74K | -124.54K |
| EBITDA | -37.83M | -18.16M | -12.26M | -20.19M | -15.01M |
| Net Income | -40.99M | -19.59M | -13.39M | -20.29M | -15.93M |
Balance Sheet | |||||
| Total Assets | 256.45M | 191.48M | 117.68M | 123.74M | 132.17M |
| Cash, Cash Equivalents and Short-Term Investments | 109.17M | 20.28M | 10.10M | 16.68M | 10.78M |
| Total Debt | 7.82M | 25.30M | 16.94M | 18.41M | 5.41M |
| Total Liabilities | 15.77M | 32.21M | 18.22M | 19.65M | 9.40M |
| Stockholders Equity | 240.68M | 159.27M | 99.46M | 104.09M | 122.76M |
Cash Flow | |||||
| Free Cash Flow | -36.10M | -15.07M | -11.32M | -17.81M | -17.96M |
| Operating Cash Flow | -35.93M | -15.02M | -11.31M | -17.79M | -17.82M |
| Investing Cash Flow | 6.08M | 24.75M | -13.56K | 14.20M | 150.62K |
| Financing Cash Flow | 101.19M | -2.76M | 4.73M | 9.52M | 23.33M |
Treasury Metals Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | C$343.23M | -77.48 | -2.03% | ― | ― | -40.00% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$294.29M | -7.99 | -44.86% | ― | ― | -222.22% | |
47 Neutral | C$396.85M | -88.74 | -1.51% | ― | ― | 62.97% | |
46 Neutral | C$369.80M | -29.69 | -8.36% | ― | ― | 37.78% | |
45 Neutral | C$259.10M | -7.24 | -27.79% | ― | ― | ― | |
| ― | C$811.55M | -33.01 | -7.77% | ― | ― | -111.93% |
* General Sector Average
TSE:NEXG
Treasury Metals
1.52
0.87
133.85%
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TSE:WGO
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Treasury Metals Corporate Events
Business Operations and Strategy
NexGold Starts 30,000-Metre Infill Drill Program at Goldboro Project
Positive
Mar 25, 2026
NexGold Mining Corp. has launched a 30,000‑metre reverse circulation infill drilling program at its Goldboro Gold Project in Nova Scotia, targeting shallow zones expected to supply the first years of production. The closely spaced drilling a...
Business Operations and Strategy
NexGold Hits High-Grade Gold in Goldlund Infill Drilling at Goliath Complex
Positive
Feb 25, 2026
NexGold Mining reported new diamond drill results from its ongoing 25,000-metre program at the Goldlund deposit within the Goliath Gold Complex in Ontario, highlighting intersections such as 9.30 g/t gold over 11.0 metres and 2.31 g/t gold over 21...
Business Operations and Strategy
NexGold to Court Investors at Red Cloud Pre-PDAC Mining Showcase
Positive
Feb 24, 2026
NexGold Mining Corp. will showcase its portfolio at the Red Cloud Pre-PDAC Mining Showcase 2026 in Toronto, seeking to strengthen investor awareness ahead of the major PDAC conference. The company’s CFO, Orin Baranowsky, is scheduled to pres...
Business Operations and StrategyExecutive/Board Changes
NexGold Grants Equity Awards to Align Leadership With Shareholders
Positive
Feb 9, 2026
NexGold Mining Corp. has approved grants of 671,742 Restricted Share Units and 348,607 Deferred Share Units to its officers and non-executive directors under its 2024 Omnibus Equity Incentive Plan, with the awards vesting in three equal tranches s...
Business Operations and Strategy
NexGold Reports High-Grade Infill Results at Goldlund to Bolster Goliath Gold Complex
Positive
Feb 2, 2026
NexGold Mining Corp. reported strong initial results from its ongoing 25,000-metre diamond drilling program at the Goldlund Deposit, part of the Goliath Gold Complex in Ontario, highlighted by intercepts such as 3.31 g/t gold over 20.0 metres and ...
Business Operations and Strategy
NexGold Starts 25,000-metre Infill Drill Campaign at Ontario’s Goliath Gold Complex
Positive
Jan 28, 2026
NexGold has launched a 25,000-metre infill diamond drilling program at the Goldlund deposit within its Goliath Gold Complex in Ontario, targeting the deeper portions of the open-pit resource to increase drill density and test the continuity of hig...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
NexGold Caps Transformational 2025, Sets Construction-Focused Agenda for 2026
Positive
Jan 12, 2026
NexGold reported a transformational 2025 marked by securing all major federal and provincial permits needed to advance its flagship Goldboro Gold Project toward a construction decision, implementing key community and Indigenous benefits agreements...
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.