Ongold Resources Ltd (TSE:ONAU)
:ONAU
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Ongold Resources Ltd
(ONAU)
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Rating:42Neutral
Price Target:
C$0.83
▼(-4.60% Downside)
Action:Reiterated
Date:04/30/26
The score is primarily driven by weak financial performance (pre-revenue with large losses and accelerating cash burn) and bearish technicals (below major moving averages with negative MACD). Valuation provides limited support because the company is loss-making and no dividend yield is available.
Positive Factors
Low Leverage
No reported debt materially lowers financial risk and interest burden, giving management flexibility to fund exploration or operations via equity or partnerships rather than servicing loans. This durable structural strength improves solvency and reduces default risk over months.
Negative Factors
Pre-revenue with Large Losses
Absent any revenue, the company relies entirely on capital markets or partners to fund operations. Large, persistent losses steadily erode equity and limit optionality; until commercialization or asset monetization occurs, earnings visibility and internal cash generation remain nil.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
No reported debt materially lowers financial risk and interest burden, giving management flexibility to fund exploration or operations via equity or partnerships rather than servicing loans. This durable structural strength improves solvency and reduces default risk over months.
Read all positive factors
Ongold Resources Ltd (ONAU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)73.69K
Price to Earnings (P/E)―
Beta (1Y)0.84
Revenue GrowthN/A
EPS Growth71.84%
CountryCA
Employees6
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.10
Shares Outstanding56,956,814
10 Day Avg. Volume49,949
30 Day Avg. Volume73,687
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)12.22
Price to Sales (P/S)0.00
P/FCF Ratio-9.80
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
Ongold Resources Ltd Business Overview & Revenue Model
Company Description
ONgold Resources Ltd. engages in the ownership of mineral exploration assets located in Northern Ontario. It holds interest in the TPK and October Gold projects. The company was founded on February 17, 2022 and is headquartered in Toronto, Canada....
How the Company Makes Money
null...
Ongold Resources Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
54
Neutral
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 |
| EBITDA | -8.41M | -11.27M | -149.03K |
| Net Income | -7.65M | -11.27M | -149.03K |
Balance Sheet | |||
| Total Assets | 7.88M | 6.14M | 3.04M |
| Cash, Cash Equivalents and Short-Term Investments | 7.64M | 5.88M | 3.74K |
| Total Debt | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.49M | 913.18K | 3.07M |
| Stockholders Equity | 5.39M | 5.23M | -29.73K |
Cash Flow | |||
| Free Cash Flow | -6.73M | -2.59M | -124.87K |
| Operating Cash Flow | -6.73M | -2.59M | -124.87K |
| Investing Cash Flow | 0.00 | 2.99M | 0.00 |
| Financing Cash Flow | 8.49M | 5.47M | 3.09M |
Ongold Resources Ltd 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% | |
49 Neutral | C$1.13M | -77.27 | -88.34% | ― | ― | 99.81% | |
44 Neutral | C$2.50M | -5.01 | -16.68% | ― | ― | 90.48% | |
42 Neutral | ― | -6.29 | -254.78% | ― | ― | 71.84% | |
41 Neutral | C$11.36M | -3.34 | ― | ― | ― | -8.00% | |
| ― | C$1.24M | -3.18 | -10.56% | ― | ― | -250.31% | |
| ― | C$1.24M | -9.18 | ― | ― | ― | ― |
* Basic Materials Sector Average
TSE:ONAU
Ongold Resources Ltd
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Ongold Resources Ltd Corporate Events
Business Operations and StrategyExecutive/Board Changes
ONGold Tightens Geological Model at Monument Bay as Study Points to Expansion Potential
Positive
Mar 2, 2026
ONGold Resources has completed a major geological and structural review at its Monument Bay gold and tungsten project, re-logging 83 historical drill holes totaling 11,400 metres across 19 sections to refine its understanding of mineralization con...
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.