TNR Gold Corp (new) (TNR) AI Stock Analysis

• Market Cap: C$36.04M
• Dividend Yield: N/A
• Average Volume (3M): 280.56K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.66
• Revenue Growth: N/A
• EPS Growth: -18.18%
• Country: CA
• Employees: N/A
• Sector: General
• Sector Strength: N/A
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 211,981,780
• 10 Day Avg. Volume: 549,839
• 30 Day Avg. Volume: 280,560
• PEG Ratio: 0.07
• Price to Book (P/B): -105.87
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -10.27
• 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: C$0.35
• Price Target Upside: 105.88% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: C$0.16 ▼(-5.29% Downside)

The score is primarily constrained by weak financial performance (pre-revenue profile, persistent operating and free-cash-flow losses) and a loss-driven negative P/E. Technicals are only neutral to mildly positive, with modest support from price being above longer-term averages and a slightly positive MACD, but momentum is not strong enough to offset fundamental risks.

Positive Factors

Strategic Partnerships

Strategic partnerships allow TNR Gold to leverage external expertise and financial resources, enhancing project development and potential revenue generation.

Project Development

The start of production at the Mariana Lithium Project signifies progress in TNR Gold's portfolio, potentially increasing future revenue streams and market competitiveness.

Tax Incentives

Securing tax incentives for the Los Azules project could improve financial viability, attracting investors and enhancing long-term profitability.

Negative Factors

Non-Revenue Generation

The lack of revenue generation is a critical issue, affecting profitability and limiting the company's ability to reinvest in growth opportunities.

Negative Cash Flow

Persistent negative cash flow highlights liquidity challenges, potentially restricting operational efficiency and investment in future projects.

Historical Negative Equity

Historical negative equity raises concerns about financial stability, limiting the company's ability to withstand economic downturns or fund new initiatives.

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 southwestern Alaska. The company also has royalty interests in the Los Azules Copper and Mariana Lithium projects located in Argentina. The company was incorporated in 1988 and is headquartered in Vancouver, Canada.

How the Company Makes Money

TNR Gold Corp makes money through a combination of exploration and development activities, strategic partnerships, and potential future production revenues. The company focuses on identifying and acquiring promising mineral properties, which are then explored to determine their viability and resource potential. TNR Gold often enters into joint ventures or similar agreements with other mining companies, leveraging their expertise and financial resources to advance exploration projects. Revenue is primarily generated through these partnerships, as well as through any future royalties or production revenues that may arise from successful exploration and development of their mineral assets. Additionally, they may earn income from selling interests in projects or properties to other mining firms.

TNR Gold Corp (new) Financial Statement Overview

Summary

Financial quality is weak: the company reports zero revenue with negative gross profit and large operating losses across periods, and operating/free cash flow are consistently negative (ongoing cash burn). Balance-sheet risk has improved with total debt now at zero and equity returning modestly positive in TTM, but equity was negative in 2024 and remains small/unstable, limiting resilience if losses continue.

Income Statement

Operating performance is weak: the company reports zero revenue across both annual periods and TTM (Trailing-Twelve-Months), with consistently negative gross profit and large operating losses (EBIT and EBITDA negative in most periods). Net income is volatile—2023 shows a one-time-looking profit while surrounding years (2024 and TTM) revert to sizable losses—suggesting earnings are not supported by an underlying revenue engine. Overall, profitability and quality of earnings are poor, with limited visibility to sustainable improvement based on the provided data.

Balance Sheet

Leverage risk has improved materially versus 2020–2022: total debt is now reported at zero (2024 and TTM), reducing balance-sheet pressure. However, financial strength remains mixed—equity was negative in 2024 and only modestly positive in TTM, and returns on equity are extreme/unstable due to small equity and losses. Assets remain small, so the company has limited balance-sheet capacity if losses persist.

Cash Flow

Cash generation is consistently negative: operating cash flow and free cash flow are negative in every period shown, indicating ongoing cash burn. While TTM (Trailing-Twelve-Months) cash outflow is smaller than 2024, free cash flow growth is negative in TTM and cash flow does not demonstrate a durable path to self-funding operations. The main strength is that free cash flow broadly tracks reported earnings levels, but both remain unfavorable in the latest periods.

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	-3.50K	-4.33K	-13.32K	-99.22K	-31.58K	-8.65K
EBITDA	-1.31M	-1.01M	-1.39M	911.74K	-894.07K	-658.28K
Net Income	-1.32M	-1.02M	7.89M	-303.68K	-1.96M	-1.56M
Balance Sheet
Total Assets	207.42K	74.51K	642.19K	274.01K	24.52K	62.20K
Cash, Cash Equivalents and Short-Term Investments	110.20K	12.31K	581.91K	235.05K	7.07K	57.25K
Total Debt	0.00	0.00	0.00	7.17M	13.71M	5.80M
Total Liabilities	33.13K	154.00K	35.30K	7.38M	7.17M	6.20M
Stockholders Equity	174.29K	-79.49K	606.89K	-7.11M	-7.14M	-6.14M
Cash Flow
Free Cash Flow	-279.07K	-819.20K	-1.55M	-872.53K	-696.07K	-492.30K
Operating Cash Flow	-275.52K	-819.20K	-1.55M	-872.53K	-696.07K	-492.30K
Investing Cash Flow	-3.55K	0.00	9.85M	915.67K	0.00	8.79K
Financing Cash Flow	130.79K	249.71K	-7.95M	189.21K	652.44K	526.38K

TNR Gold Corp (new) Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.17
• 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:TNR, the sentiment is Neutral. The current price of 0.17 is below the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.16, and above the 200-day MA of 0.11, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.66 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:TNR.

TNR Gold Corp (new) Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TIG	53 Neutral	C$41.79M	-14.00	-72.48%	―	―	-204.88%
AAN	52 Neutral	C$81.57M	-5.82	―	―	―	―
DAU	52 Neutral	C$21.64M	-7.34	-468.03%	―	―	13.49%
EMNT	50 Neutral	C$55.40M	-24.63	-25.92%	―	―	44.28%
SKP	50 Neutral	C$11.85M	-3.38	-462.59%	―	―	70.98%
TNR	45 Neutral	C$36.04M	-23.85	-494.44%	―	―	-18.18%

TNR Gold Corp (new) Corporate Events

TNR Gold Adds Governance Expertise to Board with New Director Appointment

TNR Gold Corp. has strengthened its board by appointing business transformation specialist Leopold Sutton as a director, while long-serving director Tobias Higgins has stepped down to pursue new professional commitments. The company expects Sutton’s experience in financial transformation and governance to reinforce its audit oversight and corporate governance practices as it advances its portfolio of royalties and gold assets in the growing green energy metals and precious metals markets.

The most recent analyst rating on (TSE:TNR) stock is a Hold with a C$0.17 price target. To see the full list of analyst forecasts on TNR Gold Corp (new) stock, see the TSE:TNR Stock Forecast page.

TNR Gold Corp Announces Strategic Review Amidst M&A Interest

TNR Gold Corp has announced a strategic review of developing M&A opportunities, highlighting its position in the green energy metals and gold sectors. The company has successfully marketed its GEM Royalty Story, attracting increased M&A interest and defending against hostile takeover attempts. TNR Gold’s strategic actions have resulted in strong shareholder value, with the company’s share price performing above market averages during challenging times. The company continues to focus on maximizing shareholder value through strategic transactions and further royalty acquisitions.

The most recent analyst rating on (TSE:TNR) stock is a Buy with a C$0.30 price target. To see the full list of analyst forecasts on TNR Gold Corp (new) stock, see the TSE:TNR Stock Forecast page.