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P2 Gold
(PGLD)
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Rating:48Neutral
Price Target:
C$0.88
▲(31.49% Upside)
Action:Reiterated
Date:05/09/26
The score is held down primarily by weak financial performance (no revenue, worsening losses, and accelerating cash burn), despite improved leverage. Technicals provide some support with mildly positive momentum and price holding above short-term averages, but valuation is constrained by negative earnings and no stated dividend yield.
Positive Factors
Improved Leverage
A materially lower debt-to-equity ratio in the most recent trailing twelve months reduces near-term refinancing and solvency risk. This stronger leverage profile increases financial flexibility for partner-funded drilling or staged development and makes the company a more credible JV counterparty over the coming months.
Negative Factors
Pre-Revenue Operations
Lack of operating revenue means the business cannot self-fund exploration or development and remains dependent on capital markets or partners. This structural absence of recurring cash inflows elevates dilution and execution risk until a binding sale, JV, or production is achieved.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Leverage
A materially lower debt-to-equity ratio in the most recent trailing twelve months reduces near-term refinancing and solvency risk. This stronger leverage profile increases financial flexibility for partner-funded drilling or staged development and makes the company a more credible JV counterparty over the coming months.
Read all positive factors
P2 Gold (PGLD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$232.64M
Dividend YieldN/A
Average Volume (3M)899.82K
Price to Earnings (P/E)―
Beta (1Y)2.49
Revenue GrowthN/A
EPS Growth-2651.52%
CountryCA
Employees5
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.08
Shares Outstanding261,391,080
10 Day Avg. Volume1,396,636
30 Day Avg. Volume899,819
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)50.01
Price to Sales (P/S)0.00
P/FCF Ratio-38.58
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)>-0.01
Revenue Forecast (FY)N/A
P2 Gold Business Overview & Revenue Model
Company Description
P2 Gold Inc. operates as an emerging mining firm, dedicated to securing, exploring, and developing mineral assets throughout Canada and the United States. Its core exploration activities target deposits rich in gold, copper, silver, lead, and zinc...
How the Company Makes Money
P2 Gold is an exploration-stage company, and publicly available information does not indicate recurring operating revenue from selling metals or providing services. Its primary economic model is to create value by acquiring mineral rights and then...
P2 Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
28
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -24.04K | -24.16K | -36.25K | -164.00K | -151.00K | -129.00K |
| EBITDA | -12.58M | -4.54M | 4.29M | -6.09M | -14.70M | -27.58M |
| Net Income | -19.19M | -10.09M | 4.15M | -4.46M | -12.94M | -27.39M |
Balance Sheet | ||||||
| Total Assets | 10.82M | 11.13M | 685.10K | 310.64K | 2.41M | 8.45M |
| Cash, Cash Equivalents and Short-Term Investments | 10.02M | 10.32M | 539.95K | 46.61K | 1.47M | 7.80M |
| Total Debt | 505.02K | 7.50M | 2.36M | 545.00K | 133.45K | 251.07K |
| Total Liabilities | 1.44M | 8.85M | 2.89M | 9.67M | 12.25M | 12.90M |
| Stockholders Equity | 9.38M | 2.28M | -2.21M | -9.36M | -9.83M | -4.45M |
Cash Flow | ||||||
| Free Cash Flow | -8.38M | -2.96M | -1.64M | -4.70M | -13.39M | -7.69M |
| Operating Cash Flow | -8.36M | -2.96M | -1.64M | -4.70M | -13.30M | -7.61M |
| Investing Cash Flow | 825.38K | 32.29K | 1.83K | -98.00 | 70.98K | -223.04K |
| Financing Cash Flow | 16.80M | 12.31M | 2.13M | 3.27M | 6.90M | 14.00M |
P2 Gold Technical Analysis
Positive
0.67
Price Trends
0.76
Positive
0.76
Positive
0.66
Positive
Market Momentum
0.03
Negative
63.42
Neutral
64.43
Neutral
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 below the 20-day moving average (MA) of 0.77, below the 50-day MA of 0.76, and above the 200-day MA of 0.66, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 63.42 is Neutral, neither overbought nor oversold. The STOCH value of 64.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PGLD.
P2 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$249.88M | -42.47 | -3.53% | ― | ― | -111.72% | |
55 Neutral | C$281.44M | -105.73 | -4.33% | ― | 32.29% | -179.53% | |
48 Neutral | C$232.64M | -10.53 | -385.60% | ― | ― | -2651.52% | |
46 Neutral | C$136.54M | -6.02 | -44.66% | ― | ― | -5.26% | |
45 Neutral | C$96.50M | -9.66 | -571.01% | ― | ― | -249.25% | |
41 Neutral | C$84.68M | -3.91 | 215.19% | ― | -29.42% | -68.33% |
* Basic Materials Sector Average
TSE:PGLD
P2 Gold
0.89
0.74
493.33%
TSE:CKG
Chesapeake Gold
3.25
1.25
62.50%
TSE:OCG
Outcrop Gold Corp
0.28
-0.02
-8.20%
TSE:ORV
Orvana Minerals
2.06
1.49
261.40%
TSE:NVRO
EnviroGold Global
0.16
0.07
77.78%
TSE:SGO
Sonoro Gold
0.23
0.05
28.57%
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.