Unigold Inc (TSE:UGD)
:UGD
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Unigold
(UGD)
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Rating:44Neutral
Price Target:
C$0.31
▲(82.35% Upside)
Action:Reiterated
Date:05/08/26
The score is driven primarily by weak financial performance (no revenue, ongoing losses, and continued cash burn), partially offset by the absence of debt. Technicals are bearish with negative MACD and price below key moving averages, though oversold readings temper the downside. Valuation is constrained by a negative P/E and no dividend support.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet materially reduces financial risk for an exploration company, preserving flexibility to pursue optioning, JV or asset-sale routes without servicing debt. This durable advantage supports strategic deal-making and lowers insolvency risk over months.
Negative Factors
No revenue base
Absence of revenue means the business model lacks operating cash generation and depends entirely on financing or asset transactions. Over months this limits ability to self-fund exploration, increasing execution risk and reliance on external capital markets or partners.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet materially reduces financial risk for an exploration company, preserving flexibility to pursue optioning, JV or asset-sale routes without servicing debt. This durable advantage supports strategic deal-making and lowers insolvency risk over months.
Read all positive factors
Unigold (UGD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$82.71M
Dividend YieldN/A
Average Volume (3M)400.83K
Price to Earnings (P/E)―
Beta (1Y)0.57
Revenue GrowthN/A
EPS Growth1.14%
CountryCA
Employees105
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding300,752,660
10 Day Avg. Volume300,475
30 Day Avg. Volume400,831
Financial Highlights & Ratios
PEG Ratio8.45
Price to Book (P/B)82.91
Price to Sales (P/S)0.00
P/FCF Ratio-25.59
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
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 proper...
How the Company Makes Money
Unigold does not have publicly available information indicating ongoing commercial production or product sales; therefore, revenue from mining operations cannot be confirmed. Its economic model is typically centered on creating value by acquiring ...
Unigold Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
32
Negative
Cash Flow
12
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -117.67K | -137.69K | -160.96K | -249.55K | -252.52K |
| EBITDA | -2.37M | -2.19M | -2.95M | -6.13M | -7.19M |
| Net Income | -2.55M | -2.33M | -3.17M | -6.38M | -7.45M |
Balance Sheet | |||||
| Total Assets | 861.54K | 723.39K | 1.54M | 1.16M | 4.36M |
| Cash, Cash Equivalents and Short-Term Investments | 415.93K | 245.52K | 825.74K | 314.03K | 3.12M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 264.54K | 351.92K | 371.32K | 712.83K | 374.52K |
| Stockholders Equity | 597.01K | 371.47K | 1.17M | 442.82K | 3.98M |
Cash Flow | |||||
| Free Cash Flow | -1.93M | -2.19M | -3.18M | -5.47M | -7.00M |
| Operating Cash Flow | -1.93M | -2.19M | -3.18M | -5.39M | -6.62M |
| Investing Cash Flow | 0.00 | 0.00 | -1.60K | -85.55K | -384.59K |
| Financing Cash Flow | 2.15M | 1.51M | 3.75M | 2.72M | 5.97M |
Unigold Technical Analysis
Negative
0.17
Price Trends
0.38
Negative
0.30
Negative
0.24
Positive
Market Momentum
-0.03
Positive
39.94
Neutral
36.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:UGD, the sentiment is Negative. The current price of 0.17 is below the 20-day moving average (MA) of 0.34, below the 50-day MA of 0.38, and below the 200-day MA of 0.24, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 39.94 is Neutral, neither overbought nor oversold. The STOCH value of 36.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:UGD.
Unigold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | C$49.50M | -12.52 | -11.17% | ― | ― | 72.22% | |
48 Neutral | C$73.75M | -8.79 | -78.97% | ― | ― | 15.98% | |
45 Neutral | C$82.22M | -13.22 | -15.36% | ― | ― | 34.73% | |
45 Neutral | C$52.82M | -5.10 | -30.23% | ― | ― | 17.86% | |
44 Neutral | C$82.71M | -19.43 | -327.24% | ― | ― | 1.14% | |
44 Neutral | C$57.42M | -10.34 | -71.61% | ― | ― | -21.84% |
* Basic Materials Sector Average
TSE:UGD
Unigold
0.28
0.20
266.67%
TSE:BRW
Brunswick Exploration
0.19
0.05
35.71%
TSE:GLDC
Cassiar Gold
0.50
0.28
127.27%
TSE:RYR
Royal Road Minerals
0.20
0.10
95.00%
TSE:KLDC
Warrior Gold Inc
0.51
0.47
1175.00%
TSE:NPR
North Peak Resources
1.06
0.21
24.71%
Unigold Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Unigold Wins Neita Sur Drill Permit and Raises $8.9 Million to Advance Dominican Gold Projects
Positive
Apr 1, 2026
Unigold has secured a renewed drilling permit from the Dominican Republic’s environment ministry for its Neita Sur concession, allowing the company to resume sulphide-focused exploration at the Candelones deposits after a five-year pause. Th...
Business Operations and StrategyPrivate Placements and Financing
Unigold Alerts Investors to March 2026 Warrant Expiry and Potential Equity Inflow
Positive
Mar 10, 2026
Unigold has reminded investors that multiple series of warrants issued through private placements between August 2021 and May 2023 are scheduled to expire on March 31, 2026. Each warrant allows the holder to purchase one common share at an exercis...
Business Operations and StrategyRegulatory Filings and Compliance
Unigold Accelerates Candelones Gold Project as Community Backs Environmental Review
Positive
Feb 27, 2026
Unigold is accelerating development of its Candelones oxide gold project in the Dominican Republic after securing strong local support through recent stakeholder outreach. The company has already completed a 2022 bankable feasibility study showing...
Business Operations and StrategyPrivate Placements and Financing
Unigold Raises $1.47 Million in Insider-Backed Private Placement for Dominican Gold Projects
Positive
Feb 25, 2026
Unigold Inc. has closed a non-brokered private placement of 8,167,000 units at $0.18 per unit, raising gross proceeds of $1.47 million to fund continued exploration and development at its Neita Sur concession in the Dominican Republic and for gene...
Business Operations and StrategyExecutive/Board Changes
Unigold Refreshes Board as It Advances Dominican Gold Projects
Positive
Feb 17, 2026
Unigold has strengthened its board of directors with the appointment of mining executive Juana Barcelo and Dominican business leader Andrés Marranzini, both bringing deep experience in environmental permitting, government affairs and sustaina...
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.