Nevada King Gold Corp (TSE:NKG)
:NKG
Want to see TSE:NKG full AI Analyst Report?
Top Page
Nevada King Gold Corp
(NKG)
Select Model
Select Model
Rating:46Neutral
Price Target:
C$0.22
▼(-10.00% Downside)
Action:ReiteratedDate:03/25/26
The score is primarily held down by weak financial performance (no revenue, continued losses, and cash burn with shrinking equity), partially offset by a debt-free balance sheet. Technicals are moderately supportive with the stock above major moving averages, while valuation is constrained by negative earnings and no dividend data.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet materially lowers financial distress risk for an exploration company that relies on periodic financings and partnerships. It preserves optionality to structure earn-ins or JV deals, lets management prioritize geology over near-term debt servicing, and supports longer runway for discovery-led value creation.
Negative Factors
No revenue
Zero operating revenue reflects the firm’s non-producing status and means valuation and sustainability rely entirely on exploration success and external funding. This removes internal cash generation as a backstop, making long-term viability contingent on costly discovery milestones or recurring capital raises.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet materially lowers financial distress risk for an exploration company that relies on periodic financings and partnerships. It preserves optionality to structure earn-ins or JV deals, lets management prioritize geology over near-term debt servicing, and supports longer runway for discovery-led value creation.
Read all positive factors
Nevada King Gold Corp (NKG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$108.14M
Dividend YieldN/A
Average Volume (3M)523.24K
Price to Earnings (P/E)―
Beta (1Y)1.68
Revenue GrowthN/A
EPS Growth34.87%
CountryCA
Employees1
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding424,094,800
10 Day Avg. Volume682,625
30 Day Avg. Volume523,244
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)5.78
Price to Sales (P/S)0.00
P/FCF Ratio-8.34
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$0.60Price Target Upside150.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.04
Revenue Forecast (FY)N/A
Nevada King Gold Corp Business Overview & Revenue Model
Company Description
Nevada King Gold Corp engages in the acquisition, exploration, and evaluation of resource properties in Nevada. The company explores for gold, silver, iron ore, vanadium, and other base metals. It owns a 100% interest in the Atlanta gold mine, whi...
How the Company Makes Money
Nevada King Gold Corp. does not typically generate recurring operating revenue because its primary business is mineral exploration, not mineral production. The company’s economic model is oriented around increasing the value of its mineral propert...
Nevada King Gold Corp Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -60.59K | -14.90K | -60.66K | -37.14K | -21.51K | 0.00 |
| EBITDA | -14.51M | -13.87M | -26.92M | 7.45M | -6.92M | -1.93M |
| Net Income | -15.82M | -15.00M | -27.01M | -53.59M | -6.89M | -1.96M |
Balance Sheet | ||||||
| Total Assets | 26.39M | 17.91M | 36.21M | 37.66M | 70.65M | 21.55M |
| Cash, Cash Equivalents and Short-Term Investments | 11.78M | 3.29M | 5.45M | 7.93M | 13.15M | 987.70K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 736.11K | 634.39K | 755.27K | 1.28M | 255.57K | 156.43K |
| Stockholders Equity | 25.66M | 17.27M | 35.45M | 36.39M | 70.40M | 21.39M |
Cash Flow | ||||||
| Free Cash Flow | -12.22M | -11.98M | -26.97M | -17.60M | -6.99M | -2.49M |
| Operating Cash Flow | -12.22M | -11.98M | -26.97M | -17.20M | -6.83M | -1.91M |
| Investing Cash Flow | -592.68K | -633.73K | -1.31M | -3.70M | 15.79M | -18.99M |
| Financing Cash Flow | 21.90M | 10.45M | 25.80M | 15.67M | 3.20M | 20.22M |
Nevada King Gold Corp Technical Analysis
Positive
0.24
Price Trends
0.22
Positive
0.20
Positive
0.18
Positive
Market Momentum
<0.01
Negative
56.08
Neutral
62.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NKG, the sentiment is Positive. The current price of 0.24 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.22, and above the 200-day MA of 0.18, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.08 is Neutral, neither overbought nor oversold. The STOCH value of 62.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NKG.
Nevada King Gold Corp Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | C$141.35M | -5.90 | -331.25% | ― | ― | 68.80% | |
46 Neutral | C$108.14M | -9.42 | -74.18% | ― | ― | 34.87% | |
46 Neutral | C$266.27M | -68.82 | -16.56% | ― | ― | -600.00% | |
43 Neutral | C$41.91M | -20.51 | -8.31% | ― | ― | 47.09% |
* Basic Materials Sector Average
TSE:NKG
Nevada King Gold Corp
0.26
<0.01
2.00%
TSE:LEO
Lion Copper and Gold
0.32
0.16
100.00%
TSE:RUA
Rua Gold
1.25
0.65
108.33%
TSE:TOC
Tocvan Ventures Corp.
0.62
-0.09
-12.68%
TSE:SLG
San Lorenzo Gold Corp
2.90
2.68
1218.18%
Nevada King Gold Corp Corporate Events
Business Operations and StrategyPrivate Placements and FinancingStock Split
Nevada King Raises C$16.3 Million with Centerra Gold Strategic Investment
Positive
Apr 10, 2026
Nevada King Gold Corp. has closed a non-brokered private placement, raising approximately C$16.3 million through the issuance of 77,739,774 common shares at C$0.21 each, including a C$10.4 million strategic investment by Centerra Gold Inc. Centerr...
Business Operations and StrategyPrivate Placements and Financing
Nevada King Secures C$16 Million Financing Backed by Centerra Gold
Positive
Mar 24, 2026
Nevada King Gold Corp. has arranged a fully subscribed, non-brokered private placement to raise approximately C$16 million, anchored by a C$10 million strategic investment from Centerra Gold Inc. at C$0.21 per share for a 9.9% stake. Chairman Coll...
Business Operations and Strategy
Nevada King Extends Silver Park East Mineralization, Expanding Atlanta Project Footprint
Positive
Feb 3, 2026
Nevada King Gold Corp reported new assay results from the Silver Park East target at its Atlanta Gold Mine Project, showing at-surface oxide gold-silver mineralization both directly west and 350 metres south of the main Silver Park East zone. Dril...
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.