Northstar Gold (TSE:NSG)
:NSG
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Northstar Gold
(NSG)
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Rating:45Neutral
Price Target:
C$0.06
▲(47.50% Upside)
Action:ReiteratedDate:04/09/26
The score is primarily held down by weak financial performance (no revenue, ongoing losses, and continued cash burn), partially offset by very low leverage. Technicals are mixed with neutral momentum and a negative MACD, while valuation is constrained by negative earnings and no dividend support.
Positive Factors
Low Leverage / Balance Sheet Strength
Very low debt materially reduces refinancing and interest-rate risk for a small exploration company. This strengthens financial optionality over the coming months, allowing management to prioritize drilling and target work without immediate debt servicing constraints, preserving runway for value-accretive discovery programs.
Negative Factors
No Revenue / Ongoing Operating Losses
Absence of operating revenue means the business cannot self-fund exploration or administrative costs, forcing reliance on capital markets. Persistent operating losses limit operating leverage visibility and increase dilution or fundraising frequency risk, which can constrain long-term project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Balance Sheet Strength
Very low debt materially reduces refinancing and interest-rate risk for a small exploration company. This strengthens financial optionality over the coming months, allowing management to prioritize drilling and target work without immediate debt servicing constraints, preserving runway for value-accretive discovery programs.
Read all positive factors
Northstar Gold (NSG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$8.44M
Dividend YieldN/A
Average Volume (3M)144.99K
Price to Earnings (P/E)―
Beta (1Y)-0.02
Revenue GrowthN/A
EPS Growth34.71%
CountryCA
Employees4
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding140,600,890
10 Day Avg. Volume167,113
30 Day Avg. Volume144,992
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.53
Price to Sales (P/S)0.00
P/FCF Ratio-1.84
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
Northstar Gold Business Overview & Revenue Model
Company Description
Northstar Gold Corp. engages in the identification, evaluation, and exploration of mineral properties in Canada. Its flagship property is the Miller Gold property covering an area of 1,100 hectares located to the southeast of Kirkland Lake, Ontari...
How the Company Makes Money
null...
Northstar Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
63
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jul 2025 | Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -42.00 | -59.00 | -780.00 | -1.06K | -1.87K | -2.05K |
| EBITDA | -1.43M | -1.26M | -1.32M | -2.51M | -3.01M | -1.96M |
| Net Income | -1.39M | -1.47M | -1.54M | -2.37M | -3.01M | -1.96M |
Balance Sheet | ||||||
| Total Assets | 5.32M | 4.99M | 5.01M | 5.42M | 6.00M | 6.32M |
| Cash, Cash Equivalents and Short-Term Investments | 340.46K | 43.39K | 109.84K | 709.00K | 1.26M | 905.38K |
| Total Debt | 190.08K | 0.00 | 0.00 | 60.00K | 60.00K | 35.00K |
| Total Liabilities | 1.14M | 715.93K | 434.48K | 461.74K | 769.99K | 365.85K |
| Stockholders Equity | 4.18M | 4.28M | 4.57M | 4.96M | 5.23M | 5.95M |
Cash Flow | ||||||
| Free Cash Flow | -761.14K | -1.24M | -1.35M | -2.57M | -2.73M | -1.98M |
| Operating Cash Flow | -755.06K | -1.24M | -1.35M | -2.49M | -2.72M | -1.98M |
| Investing Cash Flow | -17.25K | -5.76K | -4.70K | -75.00K | 492.84K | -502.84K |
| Financing Cash Flow | 831.51K | 1.18M | 1.20M | 2.02M | 2.58M | 3.30M |
Northstar Gold Technical Analysis
Positive
0.04
Price Trends
0.06
Negative
0.06
Positive
0.04
Positive
Market Momentum
>-0.01
Negative
54.43
Neutral
88.89
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NSG, the sentiment is Positive. The current price of 0.04 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 54.43 is Neutral, neither overbought nor oversold. The STOCH value of 88.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NSG.
Northstar Gold 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% | |
48 Neutral | C$7.42M | 2.34 | ― | ― | ― | 38.50% | |
48 Neutral | C$6.95M | -23.89 | -5.00% | ― | ― | 21.43% | |
45 Neutral | C$8.44M | -4.06 | -30.58% | ― | ― | 34.71% | |
43 Neutral | C$3.26M | -34.21 | -22.19% | ― | ― | -4.55% | |
42 Neutral | C$2.83M | 15.92 | -89.21% | ― | ― | -64.52% |
* Basic Materials Sector Average
TSE:NSG
Northstar Gold
0.06
0.04
200.00%
TSE:KGC
Kestrel Gold
0.03
0.00
0.00%
TSE:VGD
Visible Gold Mines
0.20
0.13
194.12%
TSE:GCN
Goldcliff Resource
0.04
0.02
75.00%
TSE:EDW.H
Edgewater Exploration
0.15
0.07
80.00%
TSE:ZFR
Zephyr Minerals
0.08
0.05
128.57%
Northstar Gold Corporate Events
Business Operations and Strategy
Northstar Gold Extends High-Grade Copper Mineralization at Cam Copper Mine
Positive
Mar 12, 2026
Northstar Gold Corp. has reported definition drilling results from Zone 2 at its Cam Copper Mine that confirm a high-grade polymetallic VMS system with increasing copper, gold, silver and molybdenum grades and thickness at depth. The program inter...
Business Operations and StrategyPrivate Placements and Financing
Northstar Gold Raises $558,000 in First Tranche to Advance Cam Copper Surgical Mining Project
Positive
Mar 9, 2026
Northstar Gold Corp. has closed the first tranche of a non-brokered private placement, raising $558,000 through the issuance of 9.3 million units priced at $0.06, each comprising a share and a five-year warrant, to strategic investors. The company...
Business Operations and StrategyPrivate Placements and Financing
Northstar Gold launches financing to advance Surgical Mining at Cam Copper
Positive
Feb 26, 2026
Northstar Gold Corp. has launched a non-brokered private placement of up to C$800,000 to fund permitting, engineering and the initial rollout of Novamera’s Surgical Mining system at its Cam Copper Project in Ontario. The financing, priced at...
Business Operations and StrategyPrivate Placements and Financing
Northstar Gold Secures Up to $4 Million in Digital Co-Investment to Advance Cam Copper Surgical Mining
Positive
Jan 28, 2026
Northstar Gold Corp. and its consortium partners have secured approval for up to $4 million in co-investment funding from DIGITAL – Canada’s Global Innovation Cluster for digital technologies, with Northstar eligible for approximately ...
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.