Nevada King Gold Corp (NKG) AI Stock Analysis

• Market Cap: C$78.46M
• Dividend Yield: N/A
• Average Volume (3M): 523.24K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.15
• Revenue Growth: N/A
• EPS Growth: 42.92%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 424,094,800
• 10 Day Avg. Volume: 682,625
• 30 Day Avg. Volume: 523,244
• PEG Ratio: 0.13
• Price to Book (P/B): 5.78
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.34
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$0.60
• Price Target Upside: 233.35% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: C$0.24 ▲(33.33% Upside)

The score is held back primarily by weak financial performance (no revenue, ongoing losses and cash burn, and shrinking equity/asset base), despite being debt-free. Technicals are constructive but look overextended (overbought). Positive corporate events around resource expansion and a fully funded exploration program provide a meaningful offset, while valuation is constrained by lack of profitability and no dividend support.

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, which include 12 patented and 639 unpatented mineral lode claims covering an area of 5166 hectares located in Lincoln County, Nevada; and Iron Point vanadium project consisting of 730 unpatented lode claims and 4 patented mining claims covering an area of approximately 5,197 hectares located in Humboldt County, Nevada. In addition, the company holds interest in the Carico Lake Cedars gold project, Crescent Valley project, Evana Vanadium project, Golconda gold project, Horse Mountain Mill creek project, Hilltop South project, Kobeh Valley project, Nevada Fluorspar project, Buffalo Valley gold project, and Lewis project. The company was formerly known as Victory Metals Inc. and changed its name to Nevada King Gold Corp in April 2021. Nevada King Gold Corp is based in Vancouver, Canada.

How the Company Makes Money

Nevada King Gold Corp generates revenue primarily through the exploration and development of its mineral properties. The company makes money by discovering and proving up gold resources, which it can then sell or develop into operational mines. This can involve joint ventures or partnerships with other mining companies to share the costs and profits of developing these resources. Additionally, NKG may engage in strategic transactions such as selling or leasing its properties to other mining companies. Revenue is also generated from potential future production of gold once its properties are fully developed and operational.

Nevada King Gold Corp Financial Statement Overview

Summary

Income statement and cash flow are very weak: no revenue, recurring sizable losses, and ongoing negative operating/free cash flow (despite improvement in 2025). The key offset is a debt-free balance sheet, but equity and assets have fallen sharply over time, signaling continued capital consumption.

Income Statement

The company reports no revenue across all periods provided, while losses have been consistently large. Net loss narrowed materially in 2025 (about -$15.0M vs. -$27.0M in 2024), but profitability remains very weak with negative gross profit and deeply negative operating results, indicating an early-stage/non-producing profile and limited earnings visibility.

Balance Sheet

The balance sheet shows no debt, which reduces financial risk and provides flexibility. However, equity and total assets have fallen sharply since 2022 (equity down from ~$70.4M to ~$17.3M by 2025), reflecting sustained losses and potential dilution/asset erosion; returns on equity are strongly negative, highlighting ongoing value burn.

Cash Flow

Cash generation is weak with persistently negative operating cash flow and negative free cash flow each year. Cash burn improved meaningfully in 2025 (operating/free cash flow about -$12.0M vs. -$27.0M in 2024), but free cash flow growth remains negative and the business is still funding operations externally rather than through self-sustaining cash generation.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 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

• Technical Analysis Sentiment: Negative
• Last Price: 0.18
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NKG, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.21, below the 50-day MA of 0.19, and above the 200-day MA of 0.17, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 42.68 is Neutral, neither overbought nor oversold. The STOCH value of 11.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NKG.

Nevada King Gold Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RUA	55 Neutral	C$101.35M	-2.35	-294.20%	―	―	-97.52%
NKG	50 Neutral	C$78.46M	-5.04	-74.18%	―	―	42.92%
TOC	47 Neutral	C$72.24M	-62.43	―	―	―	23.78%
SLG	46 Neutral	C$195.17M	-295.56	-14.39%	―	―	―

Nevada King Gold Corp Corporate Events

Nevada King Boosts Atlanta Gold Resources and Sets Fully Funded 2026 Exploration Plan

Nevada King Gold Corp. reported a transformative 2025 at its Atlanta Gold Mine Project, highlighted by a 122% increase in measured and indicated resources to more than 1 million ounces of oxide gold at notably high open-pit grades, along with metallurgical work that supports a simplified, lower-cost processing flowsheet using run-of-mine heap leaching and two-stage crushing. The company’s 30,000-metre Phase 3 drilling program delivered multiple new oxide gold targets beyond the main resource zone, with Silver Park East emerging as the most advanced discovery, while additional progress at Atlanta South, Atlanta North, and the Western Rim target has created a pipeline of regional opportunities; combined with a strengthened leadership team and a fully funded 20,000-metre Phase 4 program for 2026, Nevada King is positioning itself for continued resource growth and de-risking at Atlanta, with potential implications for its standing among North American oxide gold developers.

The most recent analyst rating on (TSE:NKG) stock is a Buy with a C$0.40 price target. To see the full list of analyst forecasts on Nevada King Gold Corp stock, see the TSE:NKG Stock Forecast page.

Nevada King Gold Corp Launches Phase 4 Exploration at Atlanta Gold Mine

Nevada King Gold Corp has announced the initiation of its fully-funded Phase 4 exploration program at the Atlanta Gold Mine Project, following the successful completion of Phase 3. This phase involves 20,000 meters of drilling to advance multiple regional targets, particularly focusing on Silver Park East, and aims to expand the potential resource base. The program is designed to enhance the company’s exploration efforts by identifying new oxide zones and advancing promising targets, thereby strengthening its position in the gold mining sector.

The most recent analyst rating on (TSE:NKG) stock is a Buy with a C$0.40 price target. To see the full list of analyst forecasts on Nevada King Gold Corp stock, see the TSE:NKG Stock Forecast page.

Nevada King Gold Corp Expands with Silver Park Acquisition

Nevada King Gold Corp has completed the purchase of the Silver Park patented mining claims, enhancing its exploration and development potential near the Atlanta Resource Zone. This acquisition is part of their Phase III regional exploration program, which has identified significant gold and silver mineralization. The company has also engaged Atrium Research Corporation to provide research reports and interviews, aiming to enhance investor understanding and visibility of its operations.

The most recent analyst rating on (TSE:NKG) stock is a Buy with a C$0.40 price target. To see the full list of analyst forecasts on Nevada King Gold Corp stock, see the TSE:NKG Stock Forecast page.

Nevada King Gold Corp. Partners with Marketing Firm to Boost Investor Relations

Nevada King Gold Corp. has engaged Outside The Box Capital Inc., a Toronto-based marketing services firm, to enhance its marketing and investor relations efforts. This engagement, costing $150,000 over six months, aims to boost investor awareness and improve the company’s social media presence, potentially impacting its market visibility and stakeholder engagement.

The most recent analyst rating on (TSE:NKG) stock is a Buy with a C$0.80 price target. To see the full list of analyst forecasts on Nevada King Gold Corp stock, see the TSE:NKG Stock Forecast page.

Nevada King Gold Corp Expands Mineralization at Silver Park East

Nevada King Gold Corp announced significant results from its Phase III drill program at the Silver Park East target, part of its Atlanta Gold Mine Project. The drill results revealed gold and silver mineralization over a 450m by 300m area, with potential for further expansion. This discovery suggests Silver Park East could become a new satellite oxide gold and silver zone, enhancing the company’s resource base and strategic positioning in the region. The continuity and scale of mineralization, along with the shared geochemical signatures with the Atlanta Resource Zone, indicate a promising mineralizing system, potentially impacting future exploration and development plans.

The most recent analyst rating on (TSE:NKG) stock is a Buy with a C$0.50 price target. To see the full list of analyst forecasts on Nevada King Gold Corp stock, see the TSE:NKG Stock Forecast page.

Nevada King Gold Corp. Appoints New VP of Exploration to Boost Growth

Nevada King Gold Corp. has appointed Justin Daley as Vice President Exploration, bringing his extensive experience in mineral exploration and innovative technologies to the company. This strategic appointment aligns with Nevada King’s vision for growth, particularly at the Atlanta Gold Mine Project, where Daley’s expertise in AI and advanced analytics is expected to enhance exploration efficiency and precision. Additionally, the company has granted stock options to directors and officers, further aligning leadership incentives with company performance.

The most recent analyst rating on (TSE:NKG) stock is a Buy with a C$0.50 price target. To see the full list of analyst forecasts on Nevada King Gold Corp stock, see the TSE:NKG Stock Forecast page.