Visible Gold Mines Inc (TSE:VGD)
:VGD
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Visible Gold Mines
(VGD)
Select Model
Select Model
Rating:48Neutral
Price Target:
C$0.20
▲(23.75% Upside)
Action:ReiteratedDate:04/09/26
The score is held back primarily by weak financial performance: no revenue and ongoing negative operating/free cash flow despite a low-debt balance sheet. Technical indicators are broadly neutral with only modest longer-term trend improvement, while the very low P/E appears attractive but is discounted due to earnings quality and lack of dividends.
Positive Factors
Low leverage
A very low debt-to-equity (~0.03) meaningfully reduces near-term default and interest burden risk. For an exploration company this preserves flexibility to raise project funding, pursue JV partners or absorb exploration costs without high fixed financing obligations, supporting durability.
Negative Factors
Pre-revenue profile
No operating revenue means the company relies entirely on external financing or asset transactions to fund activities. This creates structural uncertainty around sustainable operations, increases dilution risk for shareholders, and lengthens the timeline to self-funded development.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A very low debt-to-equity (~0.03) meaningfully reduces near-term default and interest burden risk. For an exploration company this preserves flexibility to raise project funding, pursue JV partners or absorb exploration costs without high fixed financing obligations, supporting durability.
Read all positive factors
Visible Gold Mines (VGD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.05M
Dividend YieldN/A
Average Volume (3M)47.33K
Price to Earnings (P/E)2.3
Beta (1Y)1.16
Revenue GrowthN/A
EPS Growth38.50%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.02
Shares Outstanding37,123,505
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. acquires and explores for gold mineral deposits in Canada. The company holds a 100% interest in the Cadillac project comprising 145 mining claims covering approximately 5,000 hectares located in west of Rouyn-Noranda, Québe...
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
Positive
0.16
Price Trends
0.20
Positive
0.17
Positive
0.14
Positive
Market Momentum
>-0.01
Positive
50.55
Neutral
61.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VGD, the sentiment is Positive. The current price of 0.16 is below the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.20, and above the 200-day MA of 0.14, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 50.55 is Neutral, neither overbought nor oversold. The STOCH value of 61.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
48 Neutral | C$7.05M | 2.34 | ― | ― | ― | 38.50% | |
43 Neutral | C$3.26M | -34.21 | -22.19% | ― | ― | -4.55% | |
| ― | C$5.16M | -20.38 | ― | ― | ― | 34.48% | |
41 Neutral | C$7.02M | -8.71 | -50.32% | ― | ― | -40.12% | |
| ― | C$4.97M | -6.73 | -13.58% | ― | ― | -50.00% |
* Basic Materials Sector Average
TSE:VGD
Visible Gold Mines
0.19
0.12
171.43%
TSE:KGC
Kestrel Gold
0.03
>-0.01
-14.29%
TSE:MCL
McLaren Resources
0.06
>-0.01
-8.33%
TSE:NVX
NV Gold
0.29
0.11
61.11%
TSE:SUI
Superior Mining International
0.07
-0.08
-53.33%
TSE:EDGM
Edgemont Gold Corp.
0.18
0.00
0.00%
Visible Gold Mines Corporate Events
Business Operations and StrategyM&A Transactions
Visible Gold Mines Expands Horsefly Property Next to IAMGOLD’s Nelligan Complex
Positive
Mar 2, 2026
Visible Gold Mines has significantly expanded its wholly owned Horsefly gold property in Québec’s Eeyou Istchee James Bay region by acquiring 304 additional mining claims adjacent to IAMGOLD’s Nelligan Mining Complex in the Chibou...
Business Operations and StrategyExecutive/Board Changes
Visible Gold Mines Taps Jean-Marc Lacoste as New CEO to Drive Next Growth Phase
Positive
Feb 23, 2026
Visible Gold Mines has appointed veteran mining executive Jean-Marc Lacoste as its new President, Chief Executive Officer and Director, while outgoing CEO Martin Dallaire remains as Chairman of the Board. Lacoste brings more than two decades of go...
Business Operations and Strategy
Visible Gold Mines Regains Full Control of MegaLi Property After SPOD Option Termination
Positive
Feb 4, 2026
Visible Gold Mines has regained full control of its MegaLi lithium property in Quebec’s James Bay region after SPOD Lithium agreed to terminate its option to earn a 50% interest in the 78-claim, 40 km² asset. The termination follows sub...
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsShareholder Meetings
Visible Gold Mines Secures Final Payment From Fokus Mining and Confirms Board, Management at AGM
Positive
Jan 15, 2026
Visible Gold Mines Inc. has received the final $750,000 cash payment from Fokus Mining Corp. for the sale of certain exploration projects, bringing total cash proceeds from the transaction to $1.5 million, alongside 10 million Fokus Mining shares ...
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.