TDG Gold (TDG) AI Stock Analysis

• Market Cap: C$295.95M
• Dividend Yield: N/A
• Average Volume (3M): 886.41K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.38
• Revenue Growth: N/A
• EPS Growth: -109.66%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 308,281,740
• 10 Day Avg. Volume: 378,866
• 30 Day Avg. Volume: 886,410
• PEG Ratio: -1.03
• Price to Book (P/B): 1.32
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -17.15
• 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: 52 Neutral
• Price Target: C$0.98 ▲(3.16% Upside)

The score is held down primarily by very weak operating performance and sustained cash burn despite a strong, low-debt balance sheet. Technicals are modestly constructive in the near term, and corporate events are positive (exploration progress, acquisition, and financing), but valuation support is limited given ongoing losses and no dividend data.

Positive Factors

Market Expansion

Achieving DTCC eligibility enhances TDG Gold's market presence in the U.S., potentially attracting more investors and improving liquidity, which is crucial for long-term growth and stability.

Strategic Exploration

The discovery of new copper-gold porphyry targets could significantly enhance TDG Gold's resource base, supporting future growth and strengthening its competitive position in the mining sector.

Financing and Capital

Securing C$4 million in financing provides TDG Gold with necessary capital to fund exploration and operational activities, supporting its strategic initiatives and potential growth.

Negative Factors

Negative Cash Flow

Persistent negative free cash flow highlights operational inefficiencies and challenges in generating sufficient cash, which can hinder long-term financial stability and growth.

Profitability Issues

Ongoing profitability issues, with negative net income and margins, suggest operational inefficiencies and a need for strategic realignment to achieve sustainable profitability.

Declining Equity Ratio

A declining equity ratio indicates weakening financial health and capital structure, which may limit the company's ability to leverage opportunities and sustain growth.

TDG Gold Business Overview & Revenue Model

Company Description

TDG Gold Corp. engages in the identification, acquisition, exploration, and development of mineral resource projects in British Columbia. The company explores for gold, silver, and copper deposits. It holds interests in the Baker-Shasta property covering an area of approximately 6,000 hectares; the Oxide Peak property covering an area of 8,437 hectares; the Bot property covers an area of 8,600 hectares; and the Mets property covering an area of 200 hectares located in the Toodoggone region of British Columbia. The company is headquartered in White Rock, Canada.

How the Company Makes Money

TDG Gold generates revenue primarily through the discovery, extraction, and sale of gold. The company's key revenue streams include the sale of gold extracted from its mining operations and potential partnerships or joint ventures with other mining entities to develop and commercialize its projects. Revenue is further influenced by factors such as gold market prices, operational efficiency, and successful exploration outcomes. TDG Gold may also engage in contractual agreements with other firms for exploration or mining rights, contributing additional income.

TDG Gold Financial Statement Overview

Summary

TDG Gold is facing significant financial challenges across its income statement, balance sheet, and cash flow. Persistent negative net income, EBIT, and EBITDA figures highlight operational inefficiencies. Despite having no debt, the declining equity ratio and negative ROE are concerning. The cash flow statement indicates poor operational efficiency with negative free cash flow growth.

Income Statement

TDG Gold's income statement indicates significant challenges, highlighted by persistently negative net income, EBIT, and EBITDA figures over the years. The company has struggled to generate revenue, with the TTM showing a slight revenue figure but accompanied by a negative gross profit margin of -3832.82%. There is no substantial revenue growth, and the net profit margin remains heavily negative at -135.14%. These factors suggest a need for strategic redirection to achieve profitability.

Balance Sheet

The balance sheet reveals a mixed picture. On the positive side, TDG Gold maintains zero debt in the TTM, indicating no leverage risk. However, the equity ratio has decreased over the years, falling to 82.79% in the TTM period from 73.16% the previous year. The return on equity is alarmingly negative, reflecting continuous net losses. The company needs to address its capital structure and improve asset utilization to enhance shareholder value.

Cash Flow

Cash flow analysis shows consistent negative free cash flow, indicating ongoing operational struggles. The operating cash flow to net income ratio is slightly above 1 in the TTM, suggesting poor operational efficiency. Free cash flow growth remains negative, highlighting cash management issues. Despite some financing activities providing liquidity, the fundamental cash flow position remains weak.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	2.63K	0.00	0.00	0.00
Gross Profit	-117.20K	-129.72K	-98.20K	-52.83K	-12.55K
EBITDA	-6.78M	-4.46M	-6.61M	-11.49M	-4.48M
Net Income	-6.96M	-4.59M	-6.71M	-11.55M	-4.83M
Balance Sheet
Total Assets	87.02M	9.15M	9.13M	15.51M	12.32M
Cash, Cash Equivalents and Short-Term Investments	40.68M	714.71K	1.59M	6.96M	4.81M
Total Debt	17.66K	16.56K	15.92K	47.21K	0.00
Total Liabilities	11.98M	1.69M	2.13M	4.13M	2.41M
Stockholders Equity	75.04M	7.46M	7.00M	11.38M	9.91M
Cash Flow
Free Cash Flow	-5.79M	-5.61M	-8.71M	-13.07M	-3.36M
Operating Cash Flow	-5.75M	-5.51M	-8.59M	-13.07M	-3.09M
Investing Cash Flow	1.10M	-200.00K	260.68K	-851.43K	-482.04K
Financing Cash Flow	44.61M	4.83M	2.96M	16.07M	6.56M

TDG Gold Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.95
• 50DMA: Negative
• 100DMA: Negative
• 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:TDG, the sentiment is Negative. The current price of 0.95 is below the 20-day moving average (MA) of 0.98, above the 50-day MA of 0.94, and above the 200-day MA of 0.82, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.62 is Neutral, neither overbought nor oversold. The STOCH value of 14.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TDG.

TDG 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%
WM	56 Neutral	C$115.91M	-9.79	-3.76%	―	―	9.35%
TDG	52 Neutral	C$295.95M	-14.64	-40.36%	―	―	-109.66%
DBG	52 Neutral	C$331.98M	-232.20	-5.12%	―	―	47.32%
FURY	50 Neutral	C$182.87M	-1.43	-82.29%	―	―	-683.46%
NKG	50 Neutral	$86.94M	-5.72	-74.18%	―	―	42.92%
NCX	49 Neutral	C$925.03M	-93.59	-31.51%	―	―	11.83%

TDG Gold Corporate Events

TDG Gold Extends Aurora West Mineralization and Ramps Up 2026 Drilling at Greater Shasta-Newberry

TDG Gold Corp. reported new Phase I drilling results from the Aurora West Zone at its Greater Shasta-Newberry project, with drill hole TDG25-013 intersecting 1.25 g/t gold, 2.2 g/t silver and 0.33% copper over 128.7 metres, extending known mineralization a further 100 metres south along the property boundary. The company also identified visually similar sulphide mineralization in step-out hole TDG25-020 about 500 metres north-northwest of the current Aurora West footprint and confirmed that mobilization for its 2026 winter drilling program is on schedule, with work set to focus on completing paused holes, further expanding Aurora West, testing the broader Aurora Complex, and probing extensions to the near-surface Shasta resource, underscoring growing scale potential for the district and continued results-driven exploration momentum.

The most recent analyst rating on (TSE:TDG) stock is a Hold with a C$0.98 price target. To see the full list of analyst forecasts on TDG Gold stock, see the TSE:TDG Stock Forecast page.

TDG Gold Corp. Reports Transformational Year and Plans for Continued Growth in 2026

TDG Gold Corp. has reported significant achievements in 2025, including a 600% increase in share price driven by exploration success at Aurora West and the acquisition of the Anyox Copper Project. The company has strengthened its financial position with a C$28.75 million financing and plans to continue its aggressive exploration strategy into 2026, focusing on high-impact programs and resource expansion at Shasta.

TDG Gold Extends Mineralization at Aurora West Zone

TDG Gold Corp. has announced significant progress in its Phase I drilling program at the Aurora West Zone within the Greater Shasta-Newberry project. The latest results have extended the mineralization 150 meters west of the property boundary, with notable intersections including 1.26 g/t gold, 0.29% copper over 82.3 meters. This expansion demonstrates the potential scale and continuity of the mineralization, with further drilling planned to explore untested areas. These developments highlight TDG’s strategic positioning in the mining sector and potential implications for stakeholders as the company continues to delineate its resource base.