STLLR Gold (STLR) AI Stock Analysis

• Market Cap: C$285.77M
• Dividend Yield: N/A
• Average Volume (3M): 192.13K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.78
• Revenue Growth: N/A
• EPS Growth: 15.32%
• Country: CA
• Employees: 31
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.05
• Shares Outstanding: 151,198,490
• 10 Day Avg. Volume: 228,150
• 30 Day Avg. Volume: 192,126
• PEG Ratio: 1.73
• Price to Book (P/B): 1.65
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.36
• 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): -0.05
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: C$2.00 ▲(14.29% Upside)
• Action: Reiterated Date: 03/03/26
• Date: Action: Reiterated 03/03/26

The score is held back primarily by weak financial performance (no revenue, widening losses, and heavy cash burn despite a low-debt balance sheet). Technicals are a supportive secondary factor due to a clear uptrend, but overbought signals reduce confidence. Valuation provides limited support because the company is loss-making and no dividend yield is available.

Positive Factors

Low Leverage

Very low reported debt relative to a large equity base materially reduces refinancing and solvency risk, giving management time and flexibility to advance exploration and development without immediate pressure to service large interest-bearing liabilities. This enhances strategic optionality over the medium term.

Growing Capital Base

A materially larger equity and asset base provides a deeper capital reservoir to fund exploration and project development, lowering short-term financing urgency. Sustained asset/capital growth improves the company’s ability to pursue multi-stage projects and negotiate project financing or JV terms from a stronger footing.

Modest FCF Improvement

The reported modest uptick in free cash flow growth in 2025 could signal early operational or capital-discipline gains. If sustained, this trend would reduce future external funding needs and strengthen internal cash generation, improving funding stability for ongoing exploration and reducing dilution risk.

Negative Factors

Pre-Revenue

Being pre-revenue means the company has not yet monetized its assets, leaving its business model dependent on successful exploration or development events. Without revenue visibility, operational plans hinge on uncertain project outcomes and continued access to external capital to sustain activity.

Widening Losses

Rapidly widening net losses reflect increasing spend without offsetting revenue, eroding retained equity and raising questions about spending efficiency. Persistent deepening losses increase the likelihood of future dilutive financings or slowed project timelines as management balances cash preservation with development goals.

High Cash Burn

Significantly negative operating and free cash flow over several years shows heavy cash burn and dependence on external funding to continue operations. This raises execution and funding risk: sustained negative cash flow can constrain exploration, force asset sales or dilution, and limit ability to capitalize on opportunities.

STLLR Gold Business Overview & Revenue Model

Company Description

STLLR Gold Inc., a gold development company, focuses on the exploration and development of mineral resource properties in Canada. The company explores for gold deposits. Its flagship projects are the Tower gold project, which is located in the Timmins region of Northeastern Ontario; and the Colomac Gold project located on the Indin Lake Property in the Northwest Territories. The company was formerly known as Moneta Gold Inc. and changed its name to STLLR Gold Inc. in February 2024. STLLR Gold Inc. was incorporated in 1910 and is headquartered in Toronto, Canada.

How the Company Makes Money

Moneta Gold makes money through the exploration and development of gold mining projects. The company's primary revenue model involves discovering and expanding gold mineral resources and eventually bringing these resources into production. Revenue is generated from the sale of gold extracted from its mining operations. Additionally, Moneta Gold may engage in joint ventures or partnerships with other mining companies to share exploration costs and risks, potentially benefiting from shared revenues from these collaborations. The company's earnings are significantly influenced by the market price of gold, operational efficiency, and successful project development and expansion.

STLLR Gold Financial Statement Overview

Summary

Overall financial quality is constrained by being pre-revenue with widening net losses and persistently negative operating/free cash flow, indicating significant ongoing cash burn and reliance on external funding. The main offsetting strength is a low-debt balance sheet with substantial equity, which reduces solvency risk while the company develops its assets.

Income Statement

The company remains pre-revenue (revenue is 0 across all reported years), with persistent operating losses and negative profitability. Losses have widened meaningfully over time (net loss grew from about -$4.3M in 2020 to -$25.6M in 2025), indicating higher spending without a corresponding revenue base. While this is not unusual for an early-stage gold developer/explorer, the lack of revenue visibility and escalating losses weigh heavily on the income statement quality.

Balance Sheet

The balance sheet is a relative strength: leverage is very low (debt is minimal, including ~$1.2M in 2025 against ~$128.1M of equity), which reduces refinancing and solvency risk. Equity and assets have grown substantially since 2020, providing a larger capital base to fund development. The key weakness is ongoing negative returns on equity (losses on a growing equity base), which underscores that the capital is not yet translating into earnings.

Cash Flow

Cash generation is weak, with consistently negative operating and free cash flow each year (operating cash flow roughly -$5.0M in 2020 deteriorating to about -$25.1M in 2025). Free cash flow remains deeply negative and has generally worsened versus earlier years, implying continued reliance on external funding to sustain operations. A modest improvement in free cash flow growth in 2025 does not change the overall picture of high cash burn.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Mar 2022
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-417.00K	-299.13K	-106.06K	-57.53K	-17.62K
EBITDA	-29.52M	-27.43M	-21.46M	-23.00M	-15.09M
Net Income	-25.61M	-20.98M	-16.21M	-18.79M	-13.54M
Balance Sheet
Total Assets	139.54M	128.97M	68.92M	64.65M	68.82M
Cash, Cash Equivalents and Short-Term Investments	41.73M	32.31M	12.05M	8.34M	13.35M
Total Debt	1.20M	0.00	0.00	60.00K	60.00K
Total Liabilities	11.47M	10.45M	9.17M	9.11M	7.08M
Stockholders Equity	128.07M	118.53M	59.75M	55.54M	61.74M
Cash Flow
Free Cash Flow	-25.32M	-24.91M	-20.30M	-20.58M	-15.99M
Operating Cash Flow	-25.13M	-24.76M	-19.75M	-19.90M	-13.85M
Investing Cash Flow	-7.25M	21.71M	-774.12K	-679.55K	-2.15M
Financing Cash Flow	34.45M	23.31M	24.24M	15.61M	23.44M

STLLR Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:STLR, the sentiment is Positive. The current price of 1.75 is above the 20-day moving average (MA) of 1.71, above the 50-day MA of 1.68, and above the 200-day MA of 1.27, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 60.98 is Neutral, neither overbought nor oversold. The STOCH value of 71.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:STLR.

STLLR 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%
WGO	56 Neutral	C$467.23M	-77.48	-2.02%	―	―	-40.00%
STLR	52 Neutral	C$285.77M	-8.26	-23.72%	―	―	15.32%
BSX	52 Neutral	C$564.94M	-26.65	-47.58%	―	―	32.22%
GRZ	49 Neutral	C$652.84M	-5.32	-39.84%	―	―	-141.86%
ELO	44 Neutral	C$290.12M	-79.39	-10.89%	―	―	44.76%

STLLR Gold Corporate Events

STLLR Gold Wins Ontario’s First Recovery of Minerals Permit for Hollinger Tailings Project

STLLR Gold has secured Ontario’s first-ever Recovery of Minerals permit for its Hollinger Tailings Project in Timmins, positioning the company at the forefront of a new provincial regime aimed at speeding responsible mineral recovery from historical mine sites. The permit, issued under a streamlined framework enacted in 2025, allows STLLR to advance technical work toward reprocessing century-old tailings, with backing from provincial, municipal, and federal representatives who frame the project as a driver of jobs, environmental cleanup, and regional economic growth.

Management says the Hollinger project offers a low-capital, low-cost route to near-term cash flow in a strong gold price environment, while simultaneously remediating a legacy site and supporting the company’s broader growth pipeline in a capital-efficient way. Being first through the new permitting system underscores regulatory alignment and could give STLLR an early-mover advantage in turning legacy tailings into a profitable, environmentally focused asset class, with implications for shareholders and Northern Ontario communities alike.

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

STLLR Gold Files NI 43-101 Report for Hollinger Tailings and Strengthens HR Leadership

STLLR Gold has filed an NI 43-101 technical report for its Hollinger Tailings Project in Timmins, Ontario, formalizing the maiden mineral resource estimate and providing an independent validation of the project’s geological and resource data, which supports the company’s strategy to unlock near-term value from this asset. The company also promoted Kristen Picavet to Vice President, Human Resources, a move aimed at strengthening its organizational and human capital capabilities as it advances multiple Canadian gold projects through key development milestones.

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