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Xtra-Gold Resource
(TSX:XTG)
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Rating:53Neutral
Price Target:
C$2.50
▼(-18.03% Downside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by mixed financials: a strong, low-risk balance sheet (no debt) and historically positive cash flows are offset by very weak operating performance (zero revenue, negative gross profit, and consistently negative EBIT). Technicals are neutral-to-slightly weak with price below key short-to-midterm averages and slightly negative MACD. Valuation is moderate based on the provided P/E, with no dividend yield data to support a higher score.
Positive Factors
Conservative balance sheet
Zero reported debt meaningfully reduces financial risk for an exploration company, preserving flexibility to fund drilling, studies, or joint ventures without interest burdens. This durable strength supports runway and partner negotiation leverage over months to years.
Negative Factors
No operating revenue
Absence of operating revenue across all reported periods demonstrates the company remains in a pure exploration stage with no commercialized production or sales. This structural lack of revenue lengthens time to value realization, increases execution risk, and makes cash needs and returns highly uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Zero reported debt meaningfully reduces financial risk for an exploration company, preserving flexibility to fund drilling, studies, or joint ventures without interest burdens. This durable strength supports runway and partner negotiation leverage over months to years.
Read all positive factors
Xtra-Gold Resource (XTG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$111.10M
Dividend YieldN/A
Average Volume (3M)16.95K
Price to Earnings (P/E)22.1
Beta (1Y)-0.21
Revenue GrowthN/A
EPS Growth34.36%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.07
Shares Outstanding46,486,717
10 Day Avg. Volume19,008
30 Day Avg. Volume16,947
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)7.10
Price to Sales (P/S)0.00
P/FCF Ratio125.60
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
Xtra-Gold Resource Business Overview & Revenue Model
Company Description
Xtra-Gold Resources Corp. is focused on the discovery and advancement of gold deposits throughout Ghana, West Africa. Its extensive mining interests cover a total area of 225.87 square kilometers, which includes the Kibi project at 33.65 square ki...
How the Company Makes Money
null...
Xtra-Gold Resource Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2026 | Dec 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -135.05K | 0.00 | -223.91K | -188.36K | -173.67K |
| EBITDA | ― | 2.64M | 2.27M | -939.03K | -2.06M |
| Net Income | 3.75M | 1.68M | -165.93K | 631.77K | 835.98K |
Balance Sheet | |||||
| Total Assets | 18.44M | 14.22M | 11.86M | 11.88M | 10.76M |
| Cash, Cash Equivalents and Short-Term Investments | 14.82M | 11.40M | 9.37M | 9.28M | 8.05M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.54M | 1.99M | 1.52M | 1.41M | 1.12M |
| Stockholders Equity | 16.23M | 11.86M | 10.22M | 10.53M | 9.83M |
Cash Flow | |||||
| Free Cash Flow | 917.58K | 2.24M | 1.78M | 1.27M | 462.67K |
| Operating Cash Flow | 1.17M | 2.28M | 1.81M | 1.53M | 666.09K |
| Investing Cash Flow | 209.07K | -1.08M | -269.38K | -259.60K | -203.42K |
| Financing Cash Flow | 988.05K | -172.82K | -171.32K | -163.14K | -238.60K |
Xtra-Gold Resource Technical Analysis
Negative
3.05
Price Trends
2.89
Negative
3.01
Negative
3.12
Negative
Market Momentum
-0.12
Positive
36.15
Neutral
11.31
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:XTG, the sentiment is Negative. The current price of 3.05 is above the 20-day moving average (MA) of 2.58, above the 50-day MA of 2.89, and below the 200-day MA of 3.12, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 36.15 is Neutral, neither overbought nor oversold. The STOCH value of 11.31 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:XTG.
Xtra-Gold Resource Risk Analysis
Xtra-Gold Resource disclosed 35 risk factors in its most recent earnings report. Xtra-Gold Resource reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Xtra-Gold Resource Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | C$104.27M | 10.66 | 5.42% | 8.87% | 23.78% | -36.23% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | C$111.10M | 22.10 | 21.84% | ― | ― | 34.36% | |
46 Neutral | C$88.27M | -34.88 | -6.45% | ― | ― | 0.91% | |
45 Neutral | C$96.69M | -23.85 | -5.16% | ― | ― | 61.72% | |
44 Neutral | C$171.99M | -21.02 | -25.07% | ― | ― | -427.54% | |
43 Neutral | C$64.32M | -8.71 | 158.78% | ― | ― | -760.87% |
* Basic Materials Sector Average
TSE:XTG
Xtra-Gold Resource
2.35
0.30
14.63%
TSE:ESM
Euro Sun Mining
0.14
0.00
0.00%
TSE:KTO
K2 Gold
0.74
0.39
111.43%
TSE:MJS
Majestic Gold
0.10
-0.05
-31.97%
TSE:NCAU
Newcore Gold
0.31
-0.30
-49.18%
TSE:WVM
West Kirkland Mining
1.50
0.16
11.94%
Xtra-Gold Resource Corporate Events
Business Operations and StrategyFinancial Disclosures
Xtra-Gold Doubles 2025 Profit as Self-Funded Drilling Drives Kibi Expansion
Positive
Apr 1, 2026
Xtra-Gold Resources Corp., a gold exploration company focused on Ghana’s Kibi Gold Belt, operates five mining leases spanning roughly 226 square kilometers. Its flagship Kibi Gold Project on the Apapam concession targets lode gold deposits i...
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.