P2 Gold (PGLD) AI Stock Analysis

• Market Cap: C$155.38M
• Dividend Yield: N/A
• Average Volume (3M): 899.82K
• Price to Earnings (P/E): 97.3
• Beta (1Y): 2.17
• Revenue Growth: N/A
• EPS Growth: -66.51%
• Country: CA
• Employees: 4
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 218,843,860
• 10 Day Avg. Volume: 1,396,636
• 30 Day Avg. Volume: 899,819
• PEG Ratio: -0.01
• Price to Book (P/B): -3.39
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.57
• 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: 53 Neutral
• Price Target: C$0.66 ▼(-1.49% Downside)

The score is held back primarily by weak fundamentals (pre-revenue profile and ongoing negative operating/free cash flow) and a very high P/E. Offsetting factors include strong technical momentum and positive project-progress news flow around drilling, permitting, and feasibility work at Gabbs.

P2 Gold Business Overview & Revenue Model

Company Description

P2 Gold Inc., a junior mining company, engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. It primarily explores for gold, copper, silver, lead, and zinc deposits. The company holds an interest in the Gabbs project comprising 421 unpatented lode mining claims and one patented lode mining claim covering 3,300 hectares in Nevada; the Silver Reef project covering an area of approximately 23,000 hectares; and the BAM property, which includes ten mineral tenures that covers an area of approximately 8,100 hectares. It also holds an interest in the Lost Cabin property comprising 106 unpatented lode mining claims covering an area of approximately 2,190 acres, located in Lake County, Oregon. The company was formerly known as Central Timmins Exploration Corp. and changed its name to P2 Gold Inc. in August 2020. P2 Gold Inc. was incorporated in 2017 and is headquartered in Vancouver, Canada.

How the Company Makes Money

P2 Gold Inc. generates revenue primarily through the exploration and development of mineral resources with the aim of future extraction and sale. The company invests in identifying and developing mineral-rich properties, which, once proven economically viable, can be sold or partnered with larger mining companies for further development. Revenue streams may include proceeds from the sale of mineral properties, joint venture agreements, and potential future production royalties. P2 Gold relies on strategic partnerships and investments to fund its exploration activities and create shareholder value through the appreciation of its project portfolio.

P2 Gold Financial Statement Overview

Summary

P2 Gold's financial statements reveal severe financial challenges, with no revenue and sustained losses. The company exhibits high leverage with negative equity and relies heavily on external financing, signaling financial instability and operational inefficiency.

Income Statement

P2 Gold has consistently reported zero revenue over the years, with significant negative figures in net income, EBIT, and EBITDA indicating substantial operating losses. The lack of revenue growth and persistent negative profit margins reflect weak profitability and operational challenges.

Balance Sheet

The company's balance sheet reveals negative stockholders' equity, indicating more liabilities than assets, which is a red flag for financial health. The debt-to-equity ratio cannot be calculated due to negative equity, but high total debt compared to assets suggests leverage risk. A low equity ratio further reflects financial instability.

Cash Flow

P2 Gold's cash flow statement shows negative operating cash flow and free cash flow, pointing to cash burn and insufficient cash generation to cover expenses. While there is a positive financing cash flow, it primarily indicates reliance on external funding, which may not be sustainable long-term.

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	-25.83K	-36.25K	-164.00K	-151.00K	-129.00K	-27.86K
EBITDA	1.11M	4.29M	-6.09M	-14.70M	-27.58M	-4.98M
Net Income	1.08M	4.15M	-4.46M	-12.94M	-27.39M	-5.01M
Balance Sheet
Total Assets	12.11M	685.10K	310.64K	2.41M	8.45M	1.86M
Cash, Cash Equivalents and Short-Term Investments	11.78M	539.95K	46.61K	1.47M	7.80M	1.63M
Total Debt	1.24M	2.36M	545.00K	133.45K	251.07K	0.00
Total Liabilities	2.59M	2.89M	9.67M	12.25M	12.90M	118.01K
Stockholders Equity	9.52M	-2.21M	-9.36M	-9.83M	-4.45M	1.74M
Cash Flow
Free Cash Flow	-131.12K	-1.64M	-4.70M	-13.39M	-7.69M	-4.22M
Operating Cash Flow	-131.12K	-1.64M	-4.70M	-13.30M	-7.61M	-4.19M
Investing Cash Flow	39.48K	1.83K	-98.00	70.98K	-223.04K	-5.38K
Financing Cash Flow	10.74M	2.13M	3.27M	6.90M	14.00M	5.26M

P2 Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.67
• 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:PGLD, the sentiment is Positive. The current price of 0.67 is above the 20-day moving average (MA) of 0.61, above the 50-day MA of 0.48, and above the 200-day MA of 0.25, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 70.78 is Negative, neither overbought nor oversold. The STOCH value of 83.65 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PGLD.

P2 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%
PGLD	53 Neutral	C$155.38M	97.26	36.70%	―	―	-66.51%
CGNT	53 Neutral	C$72.53M	-2.55	-369.28%	―	―	34.55%
TSLV	52 Neutral	C$47.87M	-13.91	-71.82%	―	―	44.12%
KFR	49 Neutral	C$27.12M	-19.81	-3.42%	―	―	77.78%
FTEL	44 Neutral	C$26.10M	-7.03	―	―	―	32.85%

P2 Gold Corporate Events

P2 Gold to Settle Debenture Interest with Share Issuance as Gabbs Project Advances

P2 Gold Inc. has elected to pay approximately $42,270 in interest accrued on $1,118,000 of outstanding convertible debentures through the issuance of 63,079 common shares, or about 56.42 shares per $1,000 principal amount, for the interest payment due December 31, 2025. The move, which remains subject to TSX Venture Exchange approval and includes a four-month hold period on the new shares, allows the company to preserve cash as it advances its Gabbs gold-copper project, while debenture holders retain the option to convert principal into equity at $0.10 per share until the debentures’ January 31, 2026 maturity.

The most recent analyst rating on (TSE:PGLD) stock is a Hold with a C$0.66 price target. To see the full list of analyst forecasts on P2 Gold stock, see the TSE:PGLD Stock Forecast page.

P2 Gold Grants Stock Options as It Advances Gabbs Gold-Copper Project

P2 Gold Inc. has granted stock options to its directors, officers, employees and consultants to purchase 5,350,000 common shares at an exercise price of $0.54 per share, expiring on December 17, 2027, bringing its total outstanding options to 10,066,000, or about 4.5% of its issued share capital, subject to approval by the TSX Venture Exchange. The move underscores the company’s use of equity-based compensation to align insiders and staff with shareholder interests as it advances feasibility work and ongoing exploration at the Gabbs gold-copper project in Nevada, a key asset with the potential to become a long-life, mid-size producer supported by strong infrastructure and further development milestones ahead.

P2 Gold Reports Positive Drill Results at Gabbs Project, Nevada

P2 Gold Inc. has announced the results from the first six reverse circulation drill holes at the Sullivan Zone of its Gabbs Project in Nevada. The drilling confirmed the continuity and grade of gold-copper mineralization at or near the surface, supporting the potential for a substantial mineral resource. These results are part of an ongoing Infill and Expansion Drill Program, which will culminate in an updated Mineral Resource estimate and a feasibility study expected by late 2026. This development could significantly impact P2 Gold’s operations and industry positioning by advancing the Gabbs Project towards production, thereby enhancing its value proposition to stakeholders.

P2 Gold Advances Drilling and Feasibility Studies at Gabbs Project

P2 Gold Inc. has mobilized drilling operations at its Gabbs Project in Nevada, with both reverse circulation and diamond drilling underway to support a feasibility study. The company is also awarding contracts for various studies, including pit slope stability and metallurgical testing, aiming to complete these by the second quarter of 2026. These efforts are expected to culminate in an updated mineral resource estimate and optimized mine plan, potentially impacting the company’s operational strategy and market position.