Visible Gold Mines Inc (TSE:VGD)
:VGD
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Visible Gold Mines
(VGD)
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Rating:43Neutral
Price Target:
C$0.13
▼(-18.75% Downside)
Action:Reiterated
Date:05/28/26
The score is held down primarily by weak financial performance driven by a pre-revenue model and persistent negative operating/free cash flow. Technicals further pressure the score as the stock is in a clear downtrend with negative momentum. A low P/E provides some valuation support, but it is tempered by cash-burn and earnings-quality concerns.
Positive Factors
Low financial leverage
Very low debt reduces near-term solvency and interest burden, a durable advantage for an exploration firm. It provides financial flexibility to pursue drilling or JV options without heavy fixed obligations, lowering bankruptcy risk while management seeks value-driving discoveries.
Negative Factors
Pre-revenue profile with persistent losses
No revenue and ongoing historical losses mean the business lacks operating-scale cash generation. Over months this demands external capital to fund exploration, increasing dilution risk and making the company dependent on successful discoveries or asset sales to justify continued funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
Very low debt reduces near-term solvency and interest burden, a durable advantage for an exploration firm. It provides financial flexibility to pursue drilling or JV options without heavy fixed obligations, lowering bankruptcy risk while management seeks value-driving discoveries.
Read all positive factors
Visible Gold Mines (VGD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.02M
Dividend YieldN/A
Average Volume (3M)47.33K
Price to Earnings (P/E)1.8
Beta (1Y)1.07
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.07
Shares Outstanding37,155,163
10 Day Avg. Volume77,207
30 Day Avg. Volume47,328
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)-4.78
Price to Sales (P/S)0.00
P/FCF Ratio-18.54
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
Visible Gold Mines Business Overview & Revenue Model
Company Description
Visible Gold Mines Inc. is an enterprise dedicated to the acquisition and exploration of gold mineral deposits within Canada. Its significant assets include full ownership of the Cadillac project, a substantial 5,000-hectare site comprising 145 mi...
How the Company Makes Money
Visible Gold Mines generates revenue through the exploration and potential development of mineral-rich properties. The company makes money by acquiring and exploring prospective mining sites, increasing their value through geological studies, dril...
Visible Gold Mines Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -18.40K | -18.40K | 0.00 | -4.67K | -8.18K | -4.57K |
| EBITDA | 2.05M | -430.30K | -377.53K | -890.79K | -4.08M | -777.39K |
| Net Income | 2.78M | -453.73K | -702.03K | -896.03K | -4.09M | -781.97K |
Balance Sheet | ||||||
| Total Assets | 2.73M | 142.40K | 233.86K | 796.95K | 1.48M | 5.48M |
| Cash, Cash Equivalents and Short-Term Investments | 650.44K | 16.39K | 33.61K | 22.44K | 173.54K | 333.25K |
| Total Debt | 48.77K | 57.80K | 74.89K | 90.76K | 0.00 | 0.00 |
| Total Liabilities | 101.69K | 678.04K | 426.78K | 255.41K | 118.59K | 44.61K |
| Stockholders Equity | 2.62M | -535.64K | -192.92K | 541.53K | 1.36M | 5.43M |
Cash Flow | ||||||
| Free Cash Flow | -847.13K | -138.22K | -125.34K | -457.77K | -354.78K | -708.28K |
| Operating Cash Flow | -839.59K | -138.22K | -125.34K | -342.68K | -299.06K | -624.03K |
| Investing Cash Flow | 1.49M | 0.00 | 152.82K | -43.45K | 139.35K | -43.66K |
| Financing Cash Flow | -27.71K | 121.00K | -15.86K | 235.03K | 0.00 | 980.88K |
Visible Gold Mines Technical Analysis
Negative
0.16
Price Trends
0.16
Negative
0.18
Negative
0.16
Negative
Market Momentum
>-0.01
Positive
41.67
Neutral
30.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VGD, the sentiment is Negative. The current price of 0.16 is above the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.16, and above the 200-day MA of 0.16, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.67 is Neutral, neither overbought nor oversold. The STOCH value of 30.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:VGD.
Visible Gold Mines 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% | |
43 Neutral | C$5.02M | 1.81 | ― | ― | ― | ― | |
43 Neutral | C$3.26M | -6.31 | -22.19% | ― | ― | -71.43% | |
| ― | C$4.40M | -6.37 | ― | ― | ― | -333.33% | |
42 Neutral | C$8.85M | -4.69 | -50.32% | ― | ― | -110.73% | |
| ― | C$4.97M | -17.83 | -13.58% | ― | ― | -675.56% |
* Basic Materials Sector Average
TSE:VGD
Visible Gold Mines
0.14
0.07
92.86%
TSE:KGC
Kestrel Gold
0.03
-0.02
-33.33%
TSE:MCL
McLaren Resources
0.04
-0.02
-27.27%
TSE:NVX
NV Gold
0.30
0.15
100.00%
TSE:SUI
Superior Mining International
0.05
-0.08
-62.50%
TSE:EDGM
Edgemont Gold Corp.
0.18
0.00
0.00%
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.