Unigold Inc (TSE:UGD)
:UGD
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Unigold
(UGD)
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Rating:43Neutral
Price Target:
C$0.23
▲(33.53% Upside)
Action:Reiterated
Date:05/31/26
The score is driven primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow despite improvement and no debt). Technicals also lean bearish with the stock below key moving averages and negative MACD, while valuation support is limited given the negative P/E and no dividend yield.
Positive Factors
Debt-free capital structure
A zero-debt balance sheet materially lowers financial distress risk for an exploration company, preserving strategic optionality. It reduces mandatory interest or principal outflows, allowing cash to be directed to drilling and development or to negotiate JV/partner funding without debt covenant constraints.
Negative Factors
No revenue; persistent operating losses
Absence of operating revenue means the company cannot self-fund exploration from cash flows. Persistent losses must be financed externally, which constrains long-term sustainability and raises execution risk if capital markets or partners tighten over a multi-month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free capital structure
A zero-debt balance sheet materially lowers financial distress risk for an exploration company, preserving strategic optionality. It reduces mandatory interest or principal outflows, allowing cash to be directed to drilling and development or to negotiate JV/partner funding without debt covenant constraints.
Read all positive factors
Unigold (UGD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$84.02M
Dividend YieldN/A
Average Volume (3M)400.83K
Price to Earnings (P/E)―
Beta (1Y)0.53
Revenue GrowthN/A
EPS Growth-6.41%
CountryCA
Employees105
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding338,803,800
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. functions as a developing natural resource enterprise, primarily focusing its efforts on identifying and advancing gold prospects in both Canada and the Dominican Republic. Beyond its gold endeavors, the company also conducts explorat...
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
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | Mar 2026 | 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
0.32
Negative
0.32
Negative
0.25
Negative
Market Momentum
-0.02
Negative
41.60
Neutral
46.87
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 0.26, below the 50-day MA of 0.32, and below the 200-day MA of 0.25, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 41.60 is Neutral, neither overbought nor oversold. The STOCH value of 46.87 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$48.01M | -16.30 | -11.17% | ― | ― | 72.22% | |
48 Neutral | C$45.84M | -7.99 | -30.23% | ― | ― | 21.96% | |
46 Neutral | C$63.31M | -9.33 | -71.61% | ― | ― | -32.42% | |
45 Neutral | C$73.48M | -8.47 | -83.71% | ― | ― | 20.17% | |
45 Neutral | C$54.81M | -22.26 | -15.36% | ― | ― | 34.73% | |
43 Neutral | C$84.02M | -29.09 | -72.19% | ― | ― | -6.41% |
* Basic Materials Sector Average
TSE:UGD
Unigold
0.25
0.11
77.14%
TSE:BRW
Brunswick Exploration
0.17
0.05
41.67%
TSE:GLDC
Cassiar Gold
0.46
0.23
97.83%
TSE:RYR
Royal Road Minerals
0.22
0.09
72.00%
TSE:KLDC
Warrior Gold Inc
0.34
0.30
750.00%
TSE:NPR
North Peak Resources
0.92
0.14
17.95%
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...
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.