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Patagonia Gold
(PGDC)
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Rating:41Neutral
Price Target:
C$0.54
▲(167.50% Upside)
Action:Reiterated
Date:06/23/26
The score is primarily weighed down by weak financial performance—large ongoing losses, negative cash flow, and a stressed balance sheet with negative equity and rising debt. Technicals also reflect a clear downtrend (price below key moving averages and negative MACD), with oversold signals that are not yet confirmed as a reversal. Valuation metrics are limited by negative earnings and no dividend yield data.
Positive Factors
Revenue growth trend
A stabilized and modestly improving revenue base (TTM +9.44% YoY) indicates the company is progressing from prior troughs. Over 2-6 months this trend supports project advancement, improves revenue visibility and slightly reduces the pace at which external funding is needed to sustain operations.
Negative Factors
Highly stressed balance sheet
Negative equity and a near threefold rise in reported debt materially constrain financial flexibility. Over a multi-month horizon this elevates refinancing, covenant and liquidity risk, increases the probability of dilution or distressed financing, and weakens the firm's ability to fund development internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth trend
A stabilized and modestly improving revenue base (TTM +9.44% YoY) indicates the company is progressing from prior troughs. Over 2-6 months this trend supports project advancement, improves revenue visibility and slightly reduces the pace at which external funding is needed to sustain operations.
Read all positive factors
Patagonia Gold (PGDC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$239.57M
Dividend YieldN/A
Average Volume (3M)52.54K
Price to Earnings (P/E)―
Beta (1Y)1.74
Revenue Growth20.25%
EPS Growth36.72%
CountryCA
Employees154
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding469,751,500
10 Day Avg. Volume53,830
30 Day Avg. Volume52,539
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)-15.90
Price to Sales (P/S)13.86
P/FCF Ratio-3.09
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
Patagonia Gold Business Overview & Revenue Model
Company Description
Patagonia Gold Corp. operates as a mining and exploration firm primarily dedicated to discovering, extracting, and advancing mineral deposits throughout Argentina. Its flagship asset is the Calcatreu project, situated in south-central Rio Negro Pr...
How the Company Makes Money
null...
Patagonia Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
14
Very Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.16M | 8.83M | 8.22M | 12.34M | 18.10M |
| Gross Profit | ― | -549.00K | -2.41M | -2.81M | 4.54M |
| EBITDA | -4.46M | -7.31M | -10.17M | -13.07M | -6.29M |
| Net Income | -6.49M | -11.55M | -6.30M | -4.22M | -11.17M |
Balance Sheet | |||||
| Total Assets | 98.11M | 50.96M | 49.57M | 54.29M | 57.74M |
| Cash, Cash Equivalents and Short-Term Investments | 2.85M | 948.00K | 185.00K | 231.00K | 291.00K |
| Total Debt | 52.60M | 47.75M | 37.01M | 29.35M | 22.98M |
| Total Liabilities | 68.92M | 55.89M | 42.31M | 41.49M | 40.04M |
| Stockholders Equity | -7.99M | -2.96M | 8.87M | 14.30M | 19.09M |
Cash Flow | |||||
| Free Cash Flow | -41.04M | -8.26M | -6.19M | -5.64M | -4.82M |
| Operating Cash Flow | -4.78M | -5.15M | -5.74M | -5.33M | -591.00K |
| Investing Cash Flow | -36.16M | -3.07M | -294.00K | -286.00K | -3.89M |
| Financing Cash Flow | 42.57M | 8.20M | 5.55M | 5.58M | 3.87M |
Patagonia Gold Technical Analysis
Negative
0.20
Price Trends
0.70
Negative
0.80
Negative
0.60
Negative
Market Momentum
-0.04
Negative
42.56
Neutral
34.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PGDC, the sentiment is Negative. The current price of 0.2 is below the 20-day moving average (MA) of 0.56, below the 50-day MA of 0.70, and below the 200-day MA of 0.60, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 42.56 is Neutral, neither overbought nor oversold. The STOCH value of 34.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PGDC.
Patagonia Gold Risk Analysis
Patagonia Gold disclosed 48 risk factors in its most recent earnings report. Patagonia Gold reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Patagonia 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% | |
49 Neutral | C$104.78M | -301.72 | -3.38% | ― | ― | 87.68% | |
45 Neutral | C$63.95M | -26.98 | -4.50% | ― | ― | 42.54% | |
44 Neutral | C$81.76M | -15.95 | -56.49% | ― | ― | -83.16% | |
41 Neutral | C$239.57M | -22.24 | 626.64% | ― | 20.25% | 36.72% | |
41 Neutral | C$39.50M | -6.68 | -47.23% | ― | ― | -29.44% | |
40 Underperform | C$63.47M | -12.22 | -26.36% | ― | ― | 9.03% |
* Basic Materials Sector Average
TSE:PGDC
Patagonia Gold
0.51
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628.57%
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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.