TNR Gold Corp (new) (TSE:TNR)
:TNR
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TNR Gold Corp (new)
(TNR)
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Rating:45Neutral
Price Target:
C$0.21
▼(-19.23% Downside)
Action:Reiterated
Date:05/04/26
The score is primarily constrained by weak financial performance—no revenue, ongoing operating losses, and persistent cash burn—despite lower balance sheet leverage. Technical indicators are mixed-to-neutral with only modest positive trend support. Valuation is difficult to assess meaningfully due to negative earnings and no dividend yield data.
Positive Factors
Low financial leverage
Reported zero total debt across 2023–2025 materially reduces interest burden and insolvency risk, giving management greater flexibility to fund exploration via equity or JV structures. Over 2–6 months this lowers default risk and improves ability to pursue property options or partnerships without fixed debt costs.
Negative Factors
No revenue
The absence of revenue and persistent operating losses means the business cannot self-fund exploration or overhead. Reliance on capital markets or partners is structural, increasing execution risk and constraining long-term project development unless a sustainable revenue or royalty stream emerges.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
Reported zero total debt across 2023–2025 materially reduces interest burden and insolvency risk, giving management greater flexibility to fund exploration via equity or JV structures. Over 2–6 months this lowers default risk and improves ability to pursue property options or partnerships without fixed debt costs.
Read all positive factors
TNR Gold Corp (new) (TNR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$54.69M
Dividend YieldN/A
Average Volume (3M)280.56K
Price to Earnings (P/E)―
Beta (1Y)0.67
Revenue GrowthN/A
EPS Growth-12.96%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding214,481,780
10 Day Avg. Volume549,839
30 Day Avg. Volume280,560
Financial Highlights & Ratios
PEG Ratio-1.63
Price to Book (P/B)843.55
Price to Sales (P/S)0.00
P/FCF Ratio-30.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
TNR Gold Corp (new) Business Overview & Revenue Model
Company Description
TNR Gold Corp. engages in the acquisition, exploration, and evaluation of mineral properties. The company primarily explores for gold, copper, silver, and lithium deposits. It holds a 90% interest in the Shotgun gold project located in the southwe...
How the Company Makes Money
null...
TNR Gold Corp (new) Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -2.35K | -4.33K | -13.32K | -99.22K | -31.58K |
| EBITDA | -1.26M | -1.01M | -1.39M | 911.74K | -894.07K |
| Net Income | -1.26M | -1.02M | 7.89M | -303.68K | -1.96M |
Balance Sheet | |||||
| Total Assets | 112.82K | 74.51K | 642.19K | 274.01K | 24.52K |
| Cash, Cash Equivalents and Short-Term Investments | 21.42K | 12.31K | 581.91K | 235.05K | 7.07K |
| Total Debt | 0.00 | 0.00 | 0.00 | 7.17M | 13.71M |
| Total Liabilities | 72.34K | 154.00K | 35.30K | 7.38M | 7.17M |
| Stockholders Equity | 40.48K | -79.49K | 606.89K | -7.11M | -7.14M |
Cash Flow | |||||
| Free Cash Flow | -1.11M | -819.20K | -1.55M | -872.53K | -696.07K |
| Operating Cash Flow | -1.10M | -819.20K | -1.55M | -872.53K | -696.07K |
| Investing Cash Flow | -3.55K | 0.00 | 9.85M | 915.67K | 0.00 |
| Financing Cash Flow | 1.12M | 249.71K | -7.95M | 189.21K | 652.44K |
TNR Gold Corp (new) Technical Analysis
Positive
0.26
Price Trends
0.22
Positive
0.20
Positive
0.15
Positive
Market Momentum
<0.01
Negative
60.09
Neutral
96.30
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TNR, the sentiment is Positive. The current price of 0.26 is above the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.22, and above the 200-day MA of 0.15, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.09 is Neutral, neither overbought nor oversold. The STOCH value of 96.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TNR.
TNR Gold Corp (new) Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | C$46.03M | -10.68 | -24.99% | ― | ― | -87.34% | |
49 Neutral | C$50.49M | -8.26 | -429.83% | ― | ― | 37.82% | |
45 Neutral | C$54.69M | -30.37 | -1636.40% | ― | ― | -12.96% | |
43 Neutral | C$10.92M | -1.81 | -142.98% | ― | ― | 68.30% | |
43 Neutral | C$27.62M | -15.43 | -72.48% | ― | ― | -183.57% | |
41 Neutral | C$67.55M | -6.18 | ― | ― | ― | -9.28% |
* General Sector Average
TSE:TNR
TNR Gold Corp (new)
0.26
0.19
292.31%
TSE:AAN
Aton Resources
0.53
0.33
165.00%
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Desert Gold Ventures
0.14
0.06
75.00%
TSE:EMNT
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0.59
0.20
53.25%
TSE:SKP
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40.00%
TSE:TIG
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68.52%
TNR Gold Corp (new) Corporate Events
Business Operations and StrategyPrivate Placements and Financing
TNR Gold Secures CAN$4.2 Million Strategic Investment from Altius Minerals Subsidiary
Positive
Apr 6, 2026
TNR Gold Corp. has secured a CAN$4.2 million strategic, non-controlling equity investment from Altius Resources, a subsidiary of Altius Minerals, through a private placement of 23,500,000 common shares at CAN$0.1775 per share, giving Altius approx...
Business Operations and Strategy
TNR Gold Nears First Royalty Cash Flow as Ganfeng Starts Lithium Exports from Mariana
Positive
Feb 23, 2026
TNR Gold reported that Ganfeng Lithium’s subsidiary Litio Minera Argentina has completed the first export of 240 tonnes of high-purity lithium chloride from the Mariana Lithium Project in Salta Province, Argentina. This milestone validates t...
Business Operations and Strategy
TNR Gold Grants 4.9 Million Stock Options to Align Incentives with Growth Strategy
Positive
Feb 17, 2026
TNR Gold Corp. has granted 4.9 million stock options to its directors, employees and consultants under its stock option plan, with an exercise price of $0.165 per share, a five-year term and a four-month trading hold period. The move aligns manage...
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.