Patagonia Gold (TSE:PGDC)
:PGDC
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Patagonia Gold
(PGDC)
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Rating:44Neutral
Price Target:
C$0.75
▲(273.50% Upside)
Action:Reiterated
Date:05/04/26
The score is held down primarily by weak financial performance (shrinking revenue, persistent losses, negative equity, and continued cash burn with a large 2025 free-cash-flow deficit). Technicals are modestly supportive with price above key moving averages, but momentum is only neutral and valuation signals are constrained by negative earnings and no dividend yield.
Positive Factors
Focused precious‑metals development pipeline
A clear, repeatable business model focused on exploration and advancing projects toward potential production creates durable optionality. Concentrated operations in Argentina and Chile let management prioritize resource definition and permitting to de‑risk assets over months to years.
Negative Factors
Negative equity and rising leverage
Negative equity and a materially higher debt load indicate a stressed capital structure that reduces financial flexibility. This increases refinancing and covenant risk, raises funding costs, and constrains the company's ability to advance projects without dilutive or costly financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused precious‑metals development pipeline
A clear, repeatable business model focused on exploration and advancing projects toward potential production creates durable optionality. Concentrated operations in Argentina and Chile let management prioritize resource definition and permitting to de‑risk assets over months to years.
Read all positive factors
Patagonia Gold (PGDC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$360.68M
Dividend YieldN/A
Average Volume (3M)52.54K
Price to Earnings (P/E)―
Beta (1Y)1.75
Revenue Growth20.25%
EPS Growth36.72%
CountryCA
Employees154
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding468,418,150
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 (PGDC) is a mining company focused on the exploration and development of gold and silver properties in South America, particularly in Argentina and Chile. The company aims to identify and develop high-quality mineral resources, leve...
How the Company Makes Money
null...
Patagonia Gold Financial Statement Overview
Summary
Income Statement
16
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
10
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
Neutral
0.20
Price Trends
0.85
Negative
0.89
Negative
0.52
Positive
Market Momentum
-0.03
Positive
45.40
Neutral
22.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PGDC, the sentiment is Neutral. The current price of 0.2 is below the 20-day moving average (MA) of 0.83, below the 50-day MA of 0.85, and below the 200-day MA of 0.52, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 45.40 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
57 Neutral | C$97.88M | -30.82 | -56.49% | ― | ― | -83.16% | |
48 Neutral | C$108.74M | -61.44 | -19.34% | ― | ― | 37.88% | |
46 Neutral | C$66.76M | -12.99 | -26.36% | ― | ― | 9.03% | |
45 Neutral | C$73.35M | -25.64 | -4.57% | ― | ― | 42.54% | |
45 Neutral | C$67.26M | -15.35 | -47.23% | ― | ― | 4.93% | |
44 Neutral | C$360.68M | -40.49 | -1251.30% | ― | 20.25% | 36.72% |
* Basic Materials Sector Average
TSE:PGDC
Patagonia Gold
0.77
0.71
1183.33%
TSE:CTM
Canterra Minerals
0.17
0.10
126.67%
TSE:DEF
Defiance Silver
0.20
-0.10
-35.00%
TSE:MMG
Metallic Minerals
0.32
0.05
18.87%
TSE:TUO
Teuton Resources
1.82
1.01
124.69%
TSE:CUAU
Forte Minerals Corp.
1.33
0.85
177.08%
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.