Spanish Mountain Gold (TSE:SPA)
:SPA
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Spanish Mountain Gold
(SPA)
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Rating:53Neutral
Price Target:
C$0.31
▲(29.17% Upside)
Action:Reiterated
Date:06/04/26
The score is held back primarily by weak financial performance (no revenue, expanding losses, and worsening cash burn) despite a low-debt balance sheet. Technical indicators provide a moderate tailwind with a positive trend and neutral momentum, while valuation support is limited because earnings are negative and no dividend yield is provided.
Positive Factors
Low leverage
A conservatively levered balance sheet with negligible debt reduces insolvency and interest-rate risk across the next several months. Low leverage preserves flexibility to fund project development via equity or staged financing without constraining cash flows or covenants.
Negative Factors
No revenue
As a pre-production miner with zero revenue, the company lacks operational cash generation, making its durability wholly contingent on successful project development and external funding. This structural absence of revenue raises long-term financing and execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A conservatively levered balance sheet with negligible debt reduces insolvency and interest-rate risk across the next several months. Low leverage preserves flexibility to fund project development via equity or staged financing without constraining cash flows or covenants.
Read all positive factors
Spanish Mountain Gold (SPA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$163.41M
Dividend YieldN/A
Average Volume (3M)1.08M
Price to Earnings (P/E)―
Beta (1Y)0.89
Revenue GrowthN/A
EPS Growth-1.85%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding510,663,670
10 Day Avg. Volume840,083
30 Day Avg. Volume1,075,746
Financial Highlights & Ratios
PEG Ratio4.36
Price to Book (P/B)0.98
Price to Sales (P/S)0.00
P/FCF Ratio-8.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$1.00Price Target Upside316.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Spanish Mountain Gold Business Overview & Revenue Model
Company Description
Spanish Mountain Gold Ltd. functions as a resource exploration company, primarily engaged in identifying, acquiring, and advancing mineral properties across Canada. The company's principal asset is the Spanish Mountain gold project, which it fully...
How the Company Makes Money
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Spanish Mountain Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
72
Positive
Cash Flow
18
Very Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -73.98K | -75.20K | -76.35K | -72.16K | -83.72K |
| EBITDA | -2.90M | -2.44M | -2.25M | -963.06K | -1.06M |
| Net Income | -2.64M | -2.47M | -2.14M | -876.46K | -965.43K |
Balance Sheet | |||||
| Total Assets | 125.62M | 106.59M | 97.25M | 94.15M | 93.52M |
| Cash, Cash Equivalents and Short-Term Investments | 3.84M | 6.87M | 3.31M | 3.07M | 6.94M |
| Total Debt | 165.65K | 230.96K | 290.85K | 377.01K | 79.79K |
| Total Liabilities | 13.54M | 1.60M | 695.60K | 1.73M | 1.83M |
| Stockholders Equity | 112.07M | 104.99M | 96.56M | 92.42M | 91.70M |
Cash Flow | |||||
| Free Cash Flow | -13.29M | -7.31M | -5.82M | -4.95M | -6.60M |
| Operating Cash Flow | -2.35M | -1.76M | -2.28M | -464.79K | -465.76K |
| Investing Cash Flow | -9.61M | -5.55M | -3.29M | -4.49M | 4.50M |
| Financing Cash Flow | 8.92M | 10.79M | 6.06M | 1.08M | 723.81K |
Spanish Mountain Gold Technical Analysis
Positive
0.24
Price Trends
0.32
Positive
0.28
Positive
0.23
Positive
Market Momentum
>-0.01
Positive
50.94
Neutral
69.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SPA, the sentiment is Positive. The current price of 0.24 is below the 20-day moving average (MA) of 0.33, below the 50-day MA of 0.32, and above the 200-day MA of 0.23, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 50.94 is Neutral, neither overbought nor oversold. The STOCH value of 69.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SPA.
Spanish Mountain 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% | |
53 Neutral | C$163.41M | -61.95 | -2.44% | ― | ― | -1.85% | |
46 Neutral | C$97.57M | -39.08 | -6.45% | ― | ― | 0.91% | |
44 Neutral | C$179.26M | -22.99 | -25.07% | ― | ― | -427.54% | |
43 Neutral | C$73.19M | -11.07 | 158.78% | ― | ― | -760.87% | |
43 Neutral | C$147.88M | -41.00 | -5.16% | ― | ― | 61.72% |
* Basic Materials Sector Average
TSE:SPA
Spanish Mountain Gold
0.32
0.15
82.86%
TSE:ESM
Euro Sun Mining
0.17
0.04
32.00%
TSE:KTO
K2 Gold
0.74
0.40
114.49%
TSE:NCAU
Newcore Gold
0.52
-0.11
-17.46%
TSE:WVM
West Kirkland Mining
1.68
0.29
20.86%
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.