Unigold (UGD) AI Stock Analysis

• Market Cap: C$60.15M
• Dividend Yield: N/A
• Average Volume (3M): 400.83K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.02
• Revenue Growth: N/A
• EPS Growth: 35.45%
• Country: CA
• Employees: 105
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 300,752,660
• 10 Day Avg. Volume: 300,475
• 30 Day Avg. Volume: 400,831
• PEG Ratio: 0.22
• Price to Book (P/B): 47.99
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.15
• 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: 47 Neutral
• Price Target: C$0.22 ▲(27.65% Upside)

The score is primarily held down by weak financial performance (no revenue, continuing losses, and ongoing cash burn despite being debt-free) and a negative P/E tied to lack of profitability. Technicals provide partial support with a price trend above key moving averages and positive MACD, but overbought readings (RSI/Stoch) temper the upside.

Positive Factors

Low Financial Leverage

A debt-free balance sheet materially reduces financial risk for an exploration firm, giving flexibility to time asset monetizations or raising capital on better terms. This conservatism supports resilience through commodity cycles and funding gaps over the next months.

Monetization Pathways

A project-based economic model focused on advancing and then monetizing assets provides clear, structural exit routes (JV, sale, option payments). That aligns incentives to de-risk deposits and can convert exploration work into non-dilutive or strategic financing outcomes long-term.

Focused Exploration Program

A disciplined focus on drilling, resource estimation and technical studies increases the chance of defining economically meaningful deposits. Consistent technical progress de-risks projects, making them more attractive to partners or buyers over a multi-month development horizon.

Negative Factors

No Revenue Generation

Lack of operating revenue means the company is entirely dependent on financing or asset transactions to sustain operations. That structural absence of sales makes long-term viability contingent on external capital or successful disposals, increasing execution risk.

Material Cash Burn

Sustained negative operating and free cash flow requires intermittent capital raises or asset monetization to fund exploration. Over 2–6 months this creates dilution and constrains the pace and scale of drilling programs, limiting the company's ability to advance multiple targets.

Negative Returns & Equity Erosion

Persistent net losses erode shareholder equity and reduce internal capacity to fund growth. Negative returns signal that capital deployed into exploration has yet to create shareholder value, increasing reliance on external financing and raising long-term dilution and governance pressure risks.

Unigold Business Overview & Revenue Model

Company Description

Unigold Inc., a junior natural resource company, focuses on exploring and developing gold projects in Canada and the Dominican Republic. The company also explores for copper, silver, and zinc deposits. It holds an 100% interest in the Neita property covering an area of 21,031 hectares in the Dominican Republic. The company was formerly known as Caribgold Resources Inc. and changed its name to Unigold Inc. in December 2002. Unigold Inc. was incorporated in 1990 and is headquartered in Toronto, Canada.

How the Company Makes Money

Unigold Inc. generates revenue primarily through the exploration and development of its mineral properties, with a focus on identifying and expanding gold reserves. The company aims to increase its value by advancing exploration projects to the point where they can be sold, joint ventured, or developed into producing mines. Unigold may also engage in strategic partnerships or joint ventures with larger mining companies to fund exploration activities or share in the development costs, thereby reducing financial risk and enhancing its revenue potential.

Unigold Financial Statement Overview

Summary

Income statement remains very weak with no revenue and ongoing operating/net losses (TTM net loss ~ $2.0M), though losses have narrowed versus 2021–2022. Balance sheet is lower risk due to zero debt, but equity has been pressured and ROE is deeply negative due to persistent losses. Cash flow is still negative with continued burn (TTM operating cash flow and FCF ~ -$1.34M), implying funding dependence despite improvement versus prior years.

Income Statement

TTM (Trailing-Twelve-Months) and prior annual periods show no revenue and consistently negative gross profit, with large operating losses and net losses each year (TTM net loss of about $2.0M). Losses have narrowed versus 2021–2022, which is a positive trajectory, but the business is still not generating sales or earnings power, keeping profitability and visibility weak.

Balance Sheet

The balance sheet is conservatively levered with zero reported debt across periods, which reduces financial risk. However, equity and total assets have been volatile and generally lower than earlier years, and returns on equity are deeply negative (TTM roughly -2.8) due to ongoing losses, indicating continuing value erosion despite the low leverage profile.

Cash Flow

Cash burn remains material, with TTM (Trailing-Twelve-Months) operating cash flow and free cash flow both around -$1.34M. Cash outflow has improved meaningfully versus prior years (positive free cash flow growth from a less negative base), but cash generation is still negative and operating cash flow does not cover net losses, implying continued reliance on external funding or asset monetization over time.

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	-112.20K	-137.69K	-160.96K	-249.55K	-252.52K	-58.64K
EBITDA	-1.96M	-2.19M	-2.95M	-6.13M	-7.19M	-4.89M
Net Income	-2.00M	-2.33M	-3.17M	-6.38M	-7.45M	-5.10M
Balance Sheet
Total Assets	1.39M	723.39K	1.54M	1.16M	4.36M	5.29M
Cash, Cash Equivalents and Short-Term Investments	987.84K	245.52K	825.74K	314.03K	3.12M	4.32M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	424.21K	351.92K	371.32K	712.83K	374.52K	107.32K
Stockholders Equity	964.38K	371.47K	1.17M	442.82K	3.98M	5.18M
Cash Flow
Free Cash Flow	-1.34M	-2.19M	-3.18M	-5.47M	-7.00M	-5.21M
Operating Cash Flow	-1.34M	-2.19M	-3.18M	-5.39M	-6.62M	-4.60M
Investing Cash Flow	0.00	0.00	-1.60K	-85.55K	-384.59K	-614.30K
Financing Cash Flow	2.09M	1.51M	3.75M	2.72M	5.97M	7.88M

Unigold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.17
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:UGD, the sentiment is Positive. The current price of 0.17 is below the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.18, and above the 200-day MA of 0.15, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.24 is Neutral, neither overbought nor oversold. The STOCH value of 87.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:UGD.

Unigold 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%
BRW	53 Neutral	C$62.27M	-20.34	-13.12%	―	―	74.95%
RYR	50 Neutral	C$63.77M	-10.91	-71.61%	―	―	53.78%
KLDC	48 Neutral	C$41.11M	-15.00	-16.97%	―	―	―
UGD	47 Neutral	C$60.15M	-28.17	-141.64%	―	―	35.45%
NPR	47 Neutral	C$43.68M	-8.71	-30.23%	―	―	41.41%
GLDC	43 Neutral	C$61.93M	-7.41	-38.12%	―	―	-592.74%

Unigold Corporate Events

Unigold Switches Transfer Agent to Endeavor Trust Corporation

Unigold Inc. has appointed Endeavor Trust Corporation as its new transfer agent, replacing Computershare Trust Company effective January 5, 2026, with no action required from shareholders as a result of the change. The move centralizes all share-related inquiries, including records, transfers, lost certificates, and address changes, under Endeavor Trust, signaling an operational shift in the company’s shareholder services infrastructure that may streamline administrative processes and potentially improve service for its investor base.

The most recent analyst rating on (TSE:UGD) stock is a Hold with a C$0.16 price target. To see the full list of analyst forecasts on Unigold stock, see the TSE:UGD Stock Forecast page.

Unigold Appoints Endeavor Trust as New Transfer Agent

Unigold Inc., a mining and exploration company listed in Canada, the U.S. OTC market and Germany, has updated its shareholder services framework as part of its ongoing corporate administration. The company has appointed Endeavor Trust Corporation as its new transfer agent, replacing Computershare Trust Company effective January 5, 2026, with no action required from shareholders; all share-related inquiries, including transfers, lost certificates and address changes, will now be handled by Endeavor Trust, signalling a routine but important shift in the infrastructure that supports Unigold’s shareholder base.

The most recent analyst rating on (TSE:UGD) stock is a Hold with a C$0.16 price target. To see the full list of analyst forecasts on Unigold stock, see the TSE:UGD Stock Forecast page.

Unigold Shifts Director Fees and Staff Compensation Toward Equity Incentives

Unigold Inc. has granted deferred share units to its independent directors, partly in lieu of cash director fees and partly as year-end incentives, all priced at $0.20, reinforcing an equity-based approach to board compensation. The company has also approved the issuance of up to 4.8 million incentive stock options to officers, employees and consultants, exercisable at $0.20 per share until the end of 2030, a move that underscores its reliance on long-term share incentive plans to retain key personnel and align compensation with future share price performance.

The most recent analyst rating on (TSE:UGD) stock is a Hold with a C$0.16 price target. To see the full list of analyst forecasts on Unigold stock, see the TSE:UGD Stock Forecast page.

Unigold Inc. Proposes Warrant Expiry Extension to 2026

Unigold Inc. has announced its intention to extend the expiry dates of over 53 million share purchase warrants to March 31, 2026, with all other terms remaining unchanged. This extension, subject to TSX Venture Exchange approval, includes warrants issued through various private placements and involves related party transactions, highlighting the company’s strategic efforts to manage its financial instruments and maintain investor engagement.