Nexus Gold (NXS) AI Stock Analysis

• Market Cap: C$4.72M
• Dividend Yield: N/A
• Average Volume (3M): 35.14K
• Price to Earnings (P/E): 5.7
• Beta (1Y): 2.42
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.03
• Shares Outstanding: 14,515,325
• 10 Day Avg. Volume: 18,954
• 30 Day Avg. Volume: 35,143
• PEG Ratio: 0.02
• Price to Book (P/B): -0.60
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.89
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: C$0.37 ▲(32.14% Upside)

The score is held back mainly by weak financial fundamentals (no revenue, negative equity, and persistent cash burn). Technicals are supportive due to a strong trend above moving averages, but overbought indicators add near-term risk. Valuation appears low on P/E, though its signal quality is limited by the company’s operating profile.

Positive Factors

Portfolio-focused exploration model

Nexus Gold’s pure exploration business model provides structured upside tied to discovery and resource advancement. Over 2–6 months, disciplined project focus can translate into milestone-driven value creation, attracting targeted capital and JV partners when assays or drill results validate targets.

Improving loss/burn trajectory

Narrowing losses and reduced cash burn are durable operational improvements that extend runway and lower near-term financing pressure. Sustained cost control increases the probability management can fund essential exploration programs without immediate dilutive financings, improving execution prospects.

Trend toward less-negative free cash flow

A sustained move toward less-negative free cash flow enhances financial flexibility and reduces reliance on acute capital raises. Over several months this trend can allow the company to pace drilling and field programs more predictably and makes it easier to negotiate structured funding or partnerships.

Negative Factors

No revenue / exploration-stage economics

Zero revenue confirms Nexus is pre-commercial and reliant on exploration success to generate future cash flow. This structural lack of operating income means long-term viability depends on successful discovery or external funding, keeping intrinsic value contingent on geological outcomes.

Negative equity and elevated balance-sheet risk

Persistent negative equity and meaningful debt relative to the company scale reduce financial resilience. Over months this constrains borrowing options, raises the cost of capital, and increases the likelihood of dilutive financings or restrictive covenants that could impede long-term exploration programs.

Consistent operating losses and financing dependence

Sustained negative operating cash flow forces reliance on external financing to sustain exploration. Structurally, this makes project continuity and timeline execution dependent on capital market access and investor appetite, increasing execution risk and potential shareholder dilution over time.

Nexus Gold Business Overview & Revenue Model

Company Description

Nexus Gold Corp. engages in the exploration and evaluation of mineral properties in West Africa and Canada. The company explores for gold, silver, manganese, bauxite, copper, nickel, lead, zinc, and limestone/marble deposits. Its flagship property include the McKenzie Gold Project covering an area of approximately 1,348 hectares located in Red Lake, Ontario. The company was incorporated in 2009 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Nexus Gold generates revenue primarily through the exploration and development of mineral resource properties. The company earns money by discovering and advancing gold and mineral deposits, which can be monetized through various means such as selling stakes in its projects, entering joint ventures, or ultimately selling the developed properties to larger mining companies. Revenue streams also include strategic partnerships with other mining companies and investors who might provide funding in exchange for equity or future royalties. Additionally, the company might pursue financing options such as issuing shares or securing loans to support its exploration activities.

Nexus Gold Financial Statement Overview

Summary

Exploration-stage profile with no revenue, ongoing operating losses, and consistently negative operating/free cash flow. Balance sheet risk is elevated due to negative equity in recent periods (including TTM) and meaningful debt, despite some improvement in losses and cash burn versus prior years.

Income Statement

The company reports no revenue across the annual periods and TTM (Trailing-Twelve-Months), while gross profit and operating profit remain negative, indicating an exploration-stage/early-stage profile with ongoing cost burn. Losses have narrowed materially versus 2021–2024, and TTM shows positive net income, but this is not supported by operating results (EBIT remains deeply negative), suggesting the profit is likely driven by non-operating items and is less durable.

Balance Sheet

The balance sheet is pressured by negative equity in recent periods (including TTM), which is a key red flag and reduces financial flexibility. Debt remains meaningful (about 1.16M in TTM) and leverage metrics are distorted by the negative equity base, but directionally it indicates elevated balance-sheet risk. Total assets are relatively stable, yet the shift from positive equity in 2021–2022 to negative equity since 2023 highlights ongoing capital erosion.

Cash Flow

Cash generation is weak, with operating and free cash flow consistently negative across all periods, including TTM (Trailing-Twelve-Months), indicating ongoing funding needs. That said, cash burn improved substantially versus 2021–2022, and free cash flow has been trending less negative in the last few years. The main weakness remains that cash outflows persist despite the recent improvement, leaving the business dependent on external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-47.95K	-15.59K	-60.13K	-4.00K	-4.00K	-4.00K
EBITDA	190.54K	-179.06K	-875.04K	-1.72M	-3.45M	-5.09M
Net Income	126.39K	-229.95K	-1.12M	-2.35M	-3.70M	-5.13M
Balance Sheet
Total Assets	1.34M	1.30M	1.56M	1.89M	7.17M	7.03M
Cash, Cash Equivalents and Short-Term Investments	26.51K	9.96K	47.06K	75.11K	139.35K	2.20M
Total Debt	1.16M	1.39M	707.56K	709.83K	353.40K	98.38K
Total Liabilities	1.50M	2.07M	2.20M	1.89M	625.64K	501.18K
Stockholders Equity	-154.54K	-775.21K	-635.25K	5.03K	6.55M	6.53M
Cash Flow
Free Cash Flow	-572.35K	-79.38K	-499.88K	-694.23K	-5.50M	-5.53M
Operating Cash Flow	-572.36K	-79.38K	-499.88K	-381.32K	-3.47M	-4.47M
Investing Cash Flow	-10.00K	0.00	-33.07K	-112.92K	-1.93M	-890.56K
Financing Cash Flow	603.06K	64.72K	509.90K	385.00K	3.34M	6.37M

Nexus Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.28
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NXS, the sentiment is Positive. The current price of 0.28 is above the 20-day moving average (MA) of 0.26, above the 50-day MA of 0.21, and above the 200-day MA of 0.27, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 72.30 is Negative, neither overbought nor oversold. The STOCH value of 86.16 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NXS.

Nexus Gold 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%
NXS	50 Neutral	C$4.72M	5.67	―	―	―	―
AIS	49 Neutral	C$2.08M	-0.67	―	―	-2373.01%	53.68%
FWM	45 Neutral	C$1.00M	-3.95	-82.62%	―	―	42.77%

Nexus Gold Corporate Events

Nexus Gold Raises $1.1 Million in Private Placement, Boosting Insider Stake and Exploration Plans

Nexus Gold Corp. has closed a non-brokered private placement, issuing 10,500,452 units at $0.105 per unit for gross proceeds of approximately $1.1 million, with each unit comprising one common share and one-half warrant exercisable at $0.20 until late 2027. The funds will be used to evaluate potential new gold assets, retire certain payables and bolster working capital, while modest finder fees and warrants were issued and all new securities are subject to resale restrictions until April 2026; the financing also increases director Edward Kelly’s stake to about 15.7% of outstanding shares (and potentially higher upon warrant exercise, subject to a 19.9% cap), signaling stronger insider alignment and capital support as the company pursues growth in its West African exploration portfolio.

Nexus Gold Launches $1.1 Million Private Placement to Fund New Gold Assets

Nexus Gold Corp. has announced a non-brokered private placement of up to 10.5 million units at $0.105 per unit, for potential gross proceeds of approximately $1.1 million, with each unit comprising one common share and half a warrant exercisable at $0.20 for two years. The funds are earmarked for identifying and evaluating new gold assets, settling certain past payables and general working capital, with the financing—subject to TSX Venture Exchange approval and customary resale restrictions—intended to strengthen the company’s balance sheet and support its growth strategy in West African gold exploration.

Nexus Gold Corp. Announces Strategic Debt Settlement

Nexus Gold Corp. has announced a debt settlement transaction involving agreements with creditors to settle outstanding debts amounting to $996,429. This settlement will be achieved through the issuance of 9,489,800 settlement units, each comprising one common share and one-half-of-one common share purchase warrant. The transaction, which is subject to TSX Venture Exchange approval, aims to strengthen the company’s financial position by converting debt into equity, potentially impacting its operational flexibility and market standing. The issued securities will be subject to resale restrictions and a voluntary pooling arrangement, with gradual release scheduled for 2026, reflecting a strategic move to manage its financial obligations while maintaining stakeholder confidence.