Rua Gold (RUA) AI Stock Analysis

• Market Cap: C$99.68M
• Dividend Yield: N/A
• Average Volume (3M): 364.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.82
• Revenue Growth: N/A
• EPS Growth: -97.52%
• Country: CA
• Employees: 8
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.03
• Shares Outstanding: 83,070,650
• 10 Day Avg. Volume: 753,648
• 30 Day Avg. Volume: 364,137
• PEG Ratio: >-0.01
• Price to Book (P/B): 13.49
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.37
• 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: 55 Neutral
• Price Target: C$1.00 ▼(-25.37% Downside)

Score is held back primarily by weak financial performance (pre-revenue, sharply widening losses, and significant cash burn despite low debt). Technicals are a meaningful positive with price above major moving averages and supportive momentum, while valuation remains difficult due to negative earnings and no dividend support. Corporate actions improve liquidity and execution capability but are secondary to the funding and commercialization risk.

Positive Factors

Low leverage (debt-free balance sheet)

A debt-free capital structure meaningfully reduces financial distress risk and preserves flexibility to fund stepwise exploration or negotiate farm-outs. For an early-stage miner, low leverage sustains optionality for non-dilutive financing and reduces fixed-cost pressure over months.

Strategic asset focus in Reefton Goldfield

Concentrated ownership of targets in a historic district provides durable geological optionality and attracts partners seeking district-scale upside. That regional focus supports repeatable exploration programs and clear monetization pathways (JV, farm-out, sale) over the medium term.

Corporate actions improving liquidity and execution

Strengthened market-making and leadership/IR activity improves capital-raising ability and stakeholder engagement, which are structural enablers for exploration firms. Better liquidity and governance support more reliable access to equity or partner funding across financing cycles.

Negative Factors

Pre-revenue with sharply widening losses

A large, sudden increase in losses materially raises execution and funding risk: without operating revenue, sustained losses force reliance on external capital and accelerate dilution. Over 2–6 months this pressures runway and can delay or downscale exploration programs.

Sustained negative operating and free cash flow

Persistent cash burn at this scale weakens the company's ability to self-fund exploration, making near-term project delivery contingent on external financing or partners. This heightens dilution risk and can force program compromises that reduce discovery probability.

Eroding equity and reliance on external funding

Material equity erosion signals repeated capital raises or losses that weaken negotiating leverage with JV partners and increase the likelihood of further dilution. A smaller equity buffer reduces resilience to exploration setbacks and constrains strategic options over the medium term.

Rua Gold Business Overview & Revenue Model

Company Description

Rua Gold Inc., a resource exploration company, focuses on the acquisition, evaluation, and exploration of mineral resource properties in New Zealand. The company primarily explores for gold deposit. It holds 100% interests in the Reefton project that includes three contiguous prospecting and exploration permits covering an area of 56,104.82 hectares located in the Reefton Goldfield, the Buller Province of South Island; and the Glamorgan project covering an area of 4644.5 hectares situated in the southcentral part of the Coromandel Range, west of the Whangamata Township. The company is headquartered in Vancouver, Canada.

How the Company Makes Money

Rua Gold Financial Statement Overview

Summary

Early-stage and pre-revenue with sharply widening losses (net income roughly -25.6M vs ~-2.0M prior year) and sustained cash burn (operating and free cash flow about -6.9M). Balance sheet shows low leverage (debt reported at 0) and positive equity (~2.25M), but equity has contracted materially over time, implying continued reliance on external funding.

Income Statement

The company is still pre-revenue (revenue is 0 across all provided periods), and losses widened sharply in the latest annual period, with net income falling to about -25.6M (from roughly -2.0M in the prior year). Profitability is therefore weak and volatile, and margins are not meaningful given the lack of revenue. A modest positive is that losses were smaller in earlier years, but the recent step-up in spending materially increases execution risk.

Balance Sheet

Leverage appears low in the most recent year (total debt reported at 0), and equity remains positive (~2.25M) with total assets of ~3.51M, which helps financial flexibility. However, equity has declined significantly versus earlier periods (e.g., ~12.0M in 2022), reflecting ongoing losses and/or dilution, and return on equity is deeply negative in the latest year. Historical debt-to-equity swings (including negative ratios when equity was negative) also point to a capital structure that has not been consistently stable.

Cash Flow

Cash generation is weak: the latest annual operating cash flow is about -6.9M and free cash flow is about -6.9M, indicating sustained cash burn. While free cash flow has occasionally improved on a growth-rate basis (largely due to a low prior-year base), the absolute level of outflows has increased materially in the latest period, which likely raises near-term funding needs. A small positive is that free cash flow broadly tracks net income (the relationship is near 1x in several periods), suggesting limited non-cash distortion—but the underlying burn remains the key issue.

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	-48.27K	-37.01K	0.00	0.00	0.00	0.00
EBITDA	-26.82M	-25.52M	-1.98M	-2.38M	-1.08M	-108.46K
Net Income	-28.21M	-25.56M	-1.96M	-4.45M	-2.20M	-146.00K
Balance Sheet
Total Assets	13.50M	3.51M	516.00	1.37K	12.17M	11.36K
Cash, Cash Equivalents and Short-Term Investments	12.35M	2.15M	208.00	1.14K	9.15M	1.63K
Total Debt	0.00	0.00	805.00	22.07K	20.99K	24.88K
Total Liabilities	1.08M	1.26M	1.29K	162.00	121.22K	70.12K
Stockholders Equity	12.42M	2.25M	-779.00	1.21K	12.04M	-58.76K
Cash Flow
Free Cash Flow	-10.02M	-6.94M	-1.69K	-2.33K	-1.04M	-20.82K
Operating Cash Flow	-10.01M	-6.90M	-1.67K	-2.28K	-1.04M	-20.82K
Investing Cash Flow	-3.85M	318.07K	-49.00	-43.00	-4.48M	0.00
Financing Cash Flow	17.97M	7.65M	805.00	2.11K	12.11M	0.00

Rua Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RUA, the sentiment is Positive. The current price of 1.34 is above the 20-day moving average (MA) of 1.26, above the 50-day MA of 1.22, and above the 200-day MA of 0.88, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 47.83 is Neutral, neither overbought nor oversold. The STOCH value of 25.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RUA.

Rua Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SAM	63 Neutral	C$97.95M	36.73	1.79%	―	26.16%	-8.73%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RUA	55 Neutral	C$99.68M	-2.37	-294.20%	―	―	-97.52%
ESK	50 Neutral	C$113.81M	-48.78	-50.65%	―	―	62.70%
NKG	50 Neutral	$82.70M	-5.59	-74.18%	―	―	42.92%
SLG	46 Neutral	C$175.36M	-283.33	-14.39%	―	―	―

Rua Gold Corporate Events

Rua Gold Secures C$33 Million to Accelerate New Zealand Projects

The company raised approximately C$33 million through upsized LIFE and concurrent private placements at C$1.10 per share, boosting institutional ownership above 40% and securing capital to speed drilling at Glamorgan and development work at Reefton while covering working capital needs; the financing included cash fees and warrants for agents and finders, remains subject to TSXV acceptance, and was accompanied by new stock option grants to align management with long-term growth targets.

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

Rua Gold Upsizes Private Placement to $8 Million for New Zealand Gold Exploration

Rua Gold Inc. has upsized its previously announced non-brokered private placement of common shares to raise up to $8.0 million, increasing the offering from $5.0 million in response to strong investor demand. The proceeds will fund exploration and development at its Reefton and Glamorgan gold projects in New Zealand and support general corporate purposes, underscoring ongoing investor interest in the company’s high-grade gold portfolio and potentially strengthening its position as a leading exploration player in New Zealand, subject to customary regulatory and stock exchange approvals and resale restrictions on the new shares.

The most recent analyst rating on (TSE:RUA) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Rua Gold stock, see the TSE:RUA Stock Forecast page.

Rua Gold Launches Up to $25 Million Equity Financing for New Zealand Projects

Rua Gold Inc. has launched a combined brokered and non-brokered equity financing of up to $25 million to fund ongoing exploration and development at its Reefton and Glamorgan gold projects in New Zealand, as well as for working capital and general corporate purposes. The brokered private placement, led by Raymond James and Cormark Securities, will raise up to about $20 million through the sale of common shares under a listed issuer financing exemption, while a concurrent non-brokered placement aims to raise up to an additional $5 million, with both offerings expected to close around January 28, 2026, subject to regulatory and TSX Venture Exchange approvals, underscoring the company’s push to accelerate project advancement and strengthen its capital position.

The most recent analyst rating on (TSE:RUA) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Rua Gold stock, see the TSE:RUA Stock Forecast page.

Rua Gold Accelerates Drilling and Fast-Track Permitting at Auld Creek Gold-Antimony Project

Rua Gold has reported strong assay results and significant strike extensions at its Auld Creek gold-antimony project in the Reefton Goldfield, confirming mineralization over at least 870 metres that remains open along strike and at depth. The company has ramped up drilling to three rigs to accelerate resource definition, is mobilizing scout drilling to test a 2.5 kilometre geochemical trend, and has commissioned an updated NI 43-101 technical report and preliminary economic assessment work. In parallel, Rua Gold is advancing a permitting strategy built around New Zealand’s FAST TRACK regime, with a referral application targeted in the first half of 2026 and full application by year-end, supported by completed mine concept design, active engagement with local Māori stakeholders, and expanding community and regulatory consultations, underscoring its push to move Auld Creek toward production.

The most recent analyst rating on (TSE:RUA) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Rua Gold stock, see the TSE:RUA Stock Forecast page.

Rua Gold Grants Deferred Share Units to Non-Executive Directors

Rua Gold Inc. has granted 76,403 deferred share units to its non-executive directors at a deemed price of $1.29 per unit under its existing DSU plan, with the awards subject to a one-year vesting period and payable in common shares when directors leave the board. The move reinforces the alignment of director compensation with long-term shareholder value at a time when the company is consolidating its role as a dominant landholder and high-grade gold explorer in New Zealand’s historically productive Reefton and Hauraki districts.

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

Rua Gold Enhances Market Presence with ICP Securities Partnership

Rua Gold Inc. has engaged ICP Securities Inc. to provide automated market making services to enhance liquidity and correct temporary imbalances in the supply and demand of its shares. This strategic move aims to bolster the company’s market presence and operational efficiency, potentially impacting its industry positioning positively.