NuLegacy Gold (NUG) AI Stock Analysis

• Market Cap: $3.62M
• Dividend Yield: N/A
• Average Volume (3M): 444.50K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.13
• Revenue Growth: N/A
• EPS Growth: -2283.33%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Gold
• EPS (TTM): -0.07
• Shares Outstanding: 723,773,900
• 10 Day Avg. Volume: 134,942
• 30 Day Avg. Volume: 444,497
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 34796.82
• Price to Cash Flow (P/CF): -7.40
• P/FCF Ratio: 0.00
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

NuLegacy Gold's overall score is primarily impacted by its weak financial performance, characterized by ongoing losses, no revenue, and negative cash flows. The absence of technical indicators and poor valuation metrics further affect the stock's attractiveness, suggesting caution for investors.

NuLegacy Gold Business Overview & Revenue Model

Company Description

NuLegacy Gold (NUG) is a mineral exploration company specializing in the acquisition and development of gold mining properties. Headquartered in Canada, the company primarily focuses on exploring and advancing gold projects located in Nevada, USA, which is one of the most prolific gold-producing regions in the world. NuLegacy Gold's core service is the exploration of its Red Hill Project, where it aims to discover and delineate significant gold resources.

How the Company Makes Money

NuLegacy Gold makes money through its mineral exploration activities, primarily by increasing the value of its mining claims and properties through successful exploration and resource identification. The company seeks to enhance shareholder value by making significant gold discoveries, which can then be monetized through various means such as selling the developed projects to larger mining companies, forming joint ventures, or entering into royalty agreements. Partnerships with other exploration and mining firms can also contribute to its revenue by sharing exploration costs and risks while retaining a stake in any future discoveries. The company's financial performance is largely dependent on the successful exploration and development of its projects and prevailing gold market conditions.

NuLegacy Gold Financial Statement Overview

Summary

NuLegacy Gold is facing significant financial challenges with no revenue generation and continuous losses. The balance sheet shows limited liabilities but declining equity and assets, indicating financial strain. Cash flows are negative, raising concerns about operational viability and long-term sustainability.

Income Statement

NuLegacy Gold has consistently reported zero revenue, which is concerning for long-term profitability and sustainability. The company shows negative gross profit and net income, indicating financial distress. The absence of revenue growth further exacerbates the situation, with continuous net losses and negative EBIT and EBITDA margins, reflecting ongoing operational challenges.

Balance Sheet

The company maintains a low debt profile with zero total debt, which is a positive aspect. However, the declining stockholders' equity and total assets over time suggest weakening financial stability. The equity ratio is decreasing, indicating potential risks in asset management.

Cash Flow

NuLegacy Gold's cash flow statements reveal negative operating and free cash flows, with no signs of improvement. The lack of positive cash generation poses significant concerns for sustaining operations. The company relies on financing activities to manage operations, which is unsustainable in the long term.

Breakdown
Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-45.48K	-71.71K	-126.50K	-81.95K	-74.61K
	EBIT
-1.38M	-2.23M	-2.24M	-1.48M	-2.41M
	EBITDA
-1.38M	-1.71M	-2.17M	-2.17M	-1.74M
	Net Income Common Stockholders
-1.46M	-1.49M	-2.57M	-3.40M	-1.81M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
203.77K	1.98M	5.21M	15.77M	5.35M
	Total Assets
46.60M	46.79M	47.94M	50.22M	34.68M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-199.71K	-1.98M	-5.17M	-15.68M	-5.25M
	Total Liabilities
265.23K	166.37K	169.89K	648.00K	153.24K
	Stockholders Equity
46.34M	46.62M	47.77M	49.57M	34.53M
Cash Flow		Free Cash Flow
-3.01M	-3.40M	-10.36M	-7.41M	-4.03M
	Operating Cash Flow
-1.35M	-1.38M	-2.05M	-2.57M	-1.42M
	Investing Cash Flow
-1.52M	-2.02M	-8.39M	-4.84M	-2.81M
	Financing Cash Flow
1.10M	0.00	0.00	17.83M	6.88M

NuLegacy Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	81 Outperform	C$3.05B	19.68	26.82%	―	77.93%	236.93%
WDO	78 Outperform	C$2.53B	18.62	27.15%	―	67.54%	―
NGD	73 Outperform	$3.72B	26.72	11.14%	―	18.32%	―
BTO	66 Neutral	$5.90B	―	-18.54%	4.56%	-0.18%	-2195.85%
Sector *	49 Neutral	$1.95B	-1.59	-21.99%	3.77%	0.61%	-27.45%
PRB	45 Neutral	C$404.99M	―	-109.44%	―	―	10.27%
NUG	25 Underperform	$3.62M	―	-196.38%	―	―	-2283.33%

NuLegacy Gold Corporate Events

NuLegacy Gold Announces Reorganization and Board Changes

NuLegacy Gold Corporation has announced a reorganization that involves reverting the responsibility for its Red Hill property in Nevada back to its underlying owners. Additionally, the company has made significant changes to its board of directors, appointing Patrick De Witt as CEO and Chris Cooper as CFO, while Albert Matter steps down as CEO but remains a director. The company also announced the resignation of three board members, expressing gratitude for their service.

Spark’s Take on TSE:NUG Stock

According to Spark, TipRanks’ AI Analyst, TSE:NUG is a Underperform.

NuLegacy Gold’s overall score is primarily impacted by its weak financial performance, characterized by ongoing losses, no revenue, and negative cash flows. The absence of technical indicators and poor valuation metrics further affect the stock’s attractiveness, suggesting caution for investors.

To see Spark’s full report on TSE:NUG stock, click here.