Prospector Metals (PPP) AI Stock Analysis

• Market Cap: C$193.57M
• Dividend Yield: N/A
• Average Volume (3M): 1.43M
• Price to Earnings (P/E): ―
• Beta (1Y): 4.19
• Revenue Growth: N/A
• EPS Growth: 4.64%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.03
• Shares Outstanding: 151,149,570
• 10 Day Avg. Volume: 1,504,417
• 30 Day Avg. Volume: 1,430,168
• PEG Ratio: 0.02
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.68
• 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: 54 Neutral
• Price Target: C$1.50 ▲(20.00% Upside)

The score is held down primarily by very weak financial performance (no revenue, widening losses, and worsening cash burn), partially offset by strong technical momentum (price above key moving averages with positive MACD) and modest support from corporate developments not included in the weighted score. Valuation is not supportive due to negative earnings (negative P/E) and no dividend yield data.

Positive Factors

Very low leverage / no debt

Having no reported debt materially reduces near-term financial distress risk for an exploration junior. It lowers fixed financing obligations and preserves flexibility to fund programs via equity or partners, a durable structural advantage while projects remain non‑producing.

Flexible project monetization model

As an early‑stage explorer, the company can monetize through option/JV deals, claim sales, or royalties. Those non‑recurring but material funding routes provide multiple durable pathways to advance projects or realize value without immediate production.

Prior reduction in losses (2024 vs 2022)

A prior decline in annual losses indicates capacity for cost control or program optimization. If management sustains disciplined spend and targets partner-funded exploration, this trend could improve runway and reduce dilution risk over the coming months.

Negative Factors

No recurring revenue

Absence of operating revenue means the business depends on capital markets or asset transactions to fund operations. This structurally increases financing frequency and dilution risk, and limits forecast visibility until a material project sale or JV occurs.

Widening net losses

Growing net losses reflect higher overall cash consumption and weaken equity cushions. Persistently widening deficits reduce resilience to market or exploration setbacks, making future financing more dilutive or difficult and constraining project progression.

Persistent negative cash flow and rising burn

Consistently negative operating and free cash flow, with recent worsening, creates an ongoing funding gap. That structural cash burn forces reliance on equity raises or asset sales, increasing dilution risk and limiting the company’s ability to sustain or scale exploration programs.

Prospector Metals Business Overview & Revenue Model

Company Description

Prospector Metals Corp. identifies, explores for, and develops mineral properties in the United States and Canada. The company explores for gold, silver, and copper deposits. It owns a right to acquire a 100% interest in the Perk-Rocky project located in Williams Lake, British Columbia; the Gaffney gold property covering an area of 8,172-hectare located in central British Columbia; the Whitton Lake claim block covering an area of 4,400-hectare located in Ontario; the Fairchild Gold project covering 2,228-hectares located in the northeast of Sioux Lookout, Ontario; the Toogood claim covering 6,675 hectares and McGrath claim covering 1,800-hectares located on New World Island, Newfoundland; and the Deep Cove and Virgin Arm claims located on New World Island, Newfoundland. The company also owns a right to acquire a 100% interest in the Campbell Lake gold project located in the north of the town of Armstrong, Ontario; the Schefferville Gold Project consist of 48 mineral claims covering 2,359 hectares located in Quebec; the Bassano project located in Quebec; and the Pine Pass Project located in northeastern British Columbia. In addition, it entered into an agreement to earn 50% undivided interest in the Iron Point Project located in Nevada; 70% interest in the Savant Lake gold property located in Thunder Bay, Ontario; 70% interest in the Ligneris property located north of Rouyn-Noranda, Quebec; and 100% interest in the 325-hectare Fairbanks claim located on New World Island, Newfoundland, as well as holds interest in the Fuchsite Lake Gold Project that comprises 3750 hectares located in Fuchsite Lake Gold Project. Further, the company holds a 100% interest in the Leopard Lake Property covering an area of 7,383 hectares located to the northeast of Thunder Bay, Ontario. The company was formerly known as Ethos Gold Corp. and changed its name to Prospector Metals Corp. in April 2022. Prospector Metals Corp. was incorporated in 2007 and is based in Vancouver, Canada.

How the Company Makes Money

Ethos Gold makes money through the acquisition and development of mineral properties with significant gold and precious metal potential. The company's revenue model primarily revolves around increasing the value of its mineral assets through exploration and development activities. Ethos Gold generates income by selling or jointly developing these assets with larger mining companies once sufficient exploration progress and resource estimation have been achieved. Additionally, strategic partnerships and joint ventures with other mining companies can provide Ethos Gold with funding and technical expertise, helping to advance its projects. The company may also earn revenue from selling equity or shares to finance its exploration activities.

Prospector Metals Financial Statement Overview

Summary

Operating fundamentals are very weak: no revenue, sustained and recently widening losses (TTM net loss ~-8.7M vs. ~-6.9M in 2024), and consistently negative operating/free cash flow with higher recent burn (TTM FCF ~-5.3M vs. ~-2.8M in 2024). The main offset is low leverage (no debt in TTM/2024), but declining equity/assets and sharply negative ROE signal ongoing funding/dilution risk.

Income Statement

The company reports no revenue across all provided periods, and profitability remains deeply negative. Losses widened in TTM (Trailing-Twelve-Months) (net loss of about -$8.7M vs. -$6.9M in 2024), indicating cost pressure and limited operating leverage. A modest positive is that losses were lower in 2024 than 2022, but the more recent trajectory (TTM) has deteriorated again, keeping earnings quality and visibility weak.

Balance Sheet

Leverage appears low with total debt at $0 in TTM (Trailing-Twelve-Months) and 2024 (and only minimal debt in 2023), which reduces financial risk. However, equity and total assets have declined meaningfully from 2021–2022 levels, reflecting ongoing losses and cash burn. Returns on equity are sharply negative (roughly -119% in TTM), highlighting that the capital base is not currently generating returns.

Cash Flow

Cash generation is weak, with operating cash flow and free cash flow negative in every period provided. TTM (Trailing-Twelve-Months) free cash flow was about -$5.3M, worse than 2024 (about -$2.8M), suggesting higher cash burn recently. A relative positive is that free cash flow tracks net income closely (both negative), but the persistent and recently worsening outflows increase funding and dilution risk.

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	-26.96K	-26.96K	-82.75K	-21.82K	―	-690.00
EBITDA	-9.46M	-6.83M	-4.28M	-7.55M	-5.52M	-3.25M
Net Income	-8.65M	-6.86M	-4.31M	-7.57M	-5.52M	-3.25M
Balance Sheet
Total Assets	7.50M	6.66M	7.80M	11.16M	13.98M	6.47M
Cash, Cash Equivalents and Short-Term Investments	2.02M	1.21M	528.26K	2.65M	6.58M	4.01M
Total Debt	0.00	0.00	101.63K	0.00	0.00	0.00
Total Liabilities	506.78K	122.68K	504.11K	693.43K	1.02M	404.74K
Stockholders Equity	6.99M	6.53M	7.30M	10.47M	12.97M	6.07M
Cash Flow
Free Cash Flow	-5.27M	-2.83M	-3.53M	-6.61M	-7.85M	-4.58M
Operating Cash Flow	-5.26M	-2.71M	-3.21M	-6.26M	-7.43M	-4.07M
Investing Cash Flow	-209.00K	-37.13K	1.58M	252.66K	135.22K	-458.08K
Financing Cash Flow	5.49M	3.49M	1.21M	3.33M	8.00M	4.37M

Prospector Metals Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PPP, the sentiment is Neutral. The current price of 1.25 is below the 20-day moving average (MA) of 1.31, above the 50-day MA of 1.22, and above the 200-day MA of 0.61, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 48.77 is Neutral, neither overbought nor oversold. The STOCH value of 18.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:PPP.

Prospector Metals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MJS	71 Outperform	C$198.11M	17.12	7.20%	8.87%	28.21%	-9.76%
XTG	64 Neutral	C$160.00M	37.57	23.36%	―	―	379.90%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
PPP	54 Neutral	C$193.57M	-10.37	-71.51%	―	―	4.64%
OMI	54 Neutral	C$223.17M	36.36	―	―	―	―
MGG	51 Neutral	C$239.36M	-23.50	-89.19%	―	―	-70.87%
NCAU	49 Neutral	C$200.25M	-47.27	-5.92%	―	―	-7.14%

Prospector Metals Corporate Events

Prospector Metals Details Fully Funded 2026 Drill Plan at Yukon ML Project

Prospector Metals has unveiled a fully funded 2026 drill strategy for its ML Project in the Yukon, committing to a 25,000‑metre campaign budgeted at about $15 million, with all permits secured and three drill rigs lined up to start work in May 2026. The program will concentrate initially on expanding the newly discovered, high‑grade TESS Zone—where early holes have returned wide intervals of gold, copper and silver—and will also test several undrilled TESS “look‑alike” targets within a 4 km radius as well as other high‑priority prospects such as Skarn Ridge, reflecting a technically driven push to define the project’s mineral potential while the company remains well capitalized with over $42 million in cash.

The most recent analyst rating on (TSE:PPP) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Prospector Metals stock, see the TSE:PPP Stock Forecast page.

Prospector Metals Unveils Promising 2025 Drilling Results

Prospector Metals Corp. has announced the final assay results for its 2025 drilling campaign, revealing significant high-grade gold and copper intersections in multiple zones, including the newly discovered TESS Zone and the Skarn Ridge Zone. These results highlight the potential for further resource expansion, with a fully funded 2026 drill program planned to extend key zones and explore new targets, positioning the company for growth and increased stakeholder value.

Prospector Metals Secures $27.7 Million for Yukon Exploration

Prospector Metals Corp. announced a non-brokered private placement to raise up to $27.7 million through the issuance of flow-through and non-flow-through shares. The funds will support exploration at the ML project in Yukon, with significant investments from Alpayana S.A.C., B2Gold Corp., and Discovery Capital, enhancing Prospector’s strategic positioning in the gold exploration sector.

Prospector Metals Secures $38 Million to Boost Exploration Efforts

Prospector Metals Corp. has successfully closed a $38 million non-brokered private placement, significantly enhancing its working capital to $40.92 million. The proceeds will be used to finance exploration at the ML project in the Yukon and for general working capital, with B2Gold Corp. increasing its stake to 19.9%, indicating strong investment interest.