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Cora Gold
(LSE:CORA)
Select Model
Select Model
Rating:48Neutral
Price Target:
12.00 p
▲(26.32% Upside)
Action:Reiterated
Date:10/02/26
The score is primarily held back by weak financial performance (pre-revenue losses and ongoing cash burn), with additional pressure from valuation signals tied to negative earnings. Technicals provide partial support due to a clear uptrend, but overbought momentum indicators increase near-term risk.
Positive Factors
Exploration-led value creation
The exploration-led model can create value before production by advancing resources and improving project quality. Asset sales, farm-outs, joint ventures or project-level transactions provide several potential monetisation routes, while partnerships may reduce Cora’s funding burden and preserve upside exposure.
Negative Factors
Pre-revenue operating model
Cora has no reported operating revenue to fund exploration, so its financial performance depends on advancing projects toward future transactions or production. Until that transition occurs, earnings visibility remains limited and the company cannot rely on recurring customer cash inflows.
Read all positive and negative factors
Positive Factors
Negative Factors
Exploration-led value creation
The exploration-led model can create value before production by advancing resources and improving project quality. Asset sales, farm-outs, joint ventures or project-level transactions provide several potential monetisation routes, while partnerships may reduce Cora’s funding burden and preserve upside exposure.
Read all positive factors
Cora Gold (CORA) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£88.01M
Dividend YieldN/A
Average Volume (3M)320.98K
Price to Earnings (P/E)―
Beta (1Y)-0.35
Revenue GrowthN/A
EPS Growth-13.64%
CountryUK
Employees19
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding765,296,800
10 Day Avg. Volume487,718
30 Day Avg. Volume320,982
Financial Highlights & Ratios
PEG Ratio-1.22
Price to Book (P/B)1.54
Price to Sales (P/S)0.00
P/FCF Ratio-15.84
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)>-0.01
Revenue Forecast (FY)N/A
Cora Gold Business Overview & Revenue Model
Company Description
Cora Gold Limited, operating alongside its subsidiaries, concentrates on the discovery and progression of mineral resources throughout West Africa. The primary objective of the company is to identify gold deposits. Its principal asset is the Sanan...
How the Company Makes Money
Cora Gold’s business model is primarily to create value through gold exploration and project advancement rather than through ongoing gold production. As a result, recurring operating revenue from selling gold is generally not applicable unless a s...
Cora Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
25
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.22M | -1.54M | -827.98K | -1.22M | -60.00K | -866.00K |
| Net Income | -1.88M | -1.48M | -1.09M | -2.95M | -4.97M | -2.66M |
Balance Sheet | ||||||
| Total Assets | 48.17M | 28.28M | 26.09M | 40.77M | 24.38M | 27.16M |
| Cash, Cash Equivalents and Short-Term Investments | 14.67M | 1.53M | 879.00K | 16.85M | 461.00K | 5.38M |
| Total Debt | 0.00 | 0.00 | 0.00 | 15.86M | 0.00 | 0.00 |
| Total Liabilities | 670.46K | 159.06K | 216.00K | 16.12M | 193.00K | 570.00K |
| Stockholders Equity | 47.50M | 28.12M | 25.88M | 24.66M | 24.18M | 26.59M |
Cash Flow | ||||||
| Free Cash Flow | -852.21K | -2.74M | -2.35M | -2.17M | -4.92M | -9.22M |
| Operating Cash Flow | -1.04M | -1.24M | -1.00M | -382.00K | -1.65M | -847.00K |
| Investing Cash Flow | -7.20M | -1.56M | -1.34M | -1.79M | -3.26M | -8.38M |
| Financing Cash Flow | 20.91M | 3.46M | -13.63M | 18.56M | 0.00 | 10.08M |
Cora Gold Technical Analysis
Positive
9.50
Price Trends
9.55
Positive
9.20
Positive
9.09
Positive
Market Momentum
0.56
Negative
72.56
Negative
85.35
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CORA, the sentiment is Positive. The current price of 9.5 is below the 20-day moving average (MA) of 10.49, below the 50-day MA of 9.55, and above the 200-day MA of 9.09, indicating a bullish trend. The MACD of 0.56 indicates Negative momentum. The RSI at 72.56 is Negative, neither overbought nor oversold. The STOCH value of 85.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CORA.
Cora Gold 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% | |
50 Neutral | £13.71M | 15.15 | 6.50% | ― | ― | ― | |
50 Neutral | £62.81M | -27.89 | -73.69% | ― | ― | 16.67% | |
48 Neutral | £88.01M | -47.59 | -4.96% | ― | ― | -13.64% | |
46 Neutral | £39.69M | -3.99 | -12.69% | 22.22% | ― | -416.67% | |
43 Neutral | £7.02M | -5.82 | -12.39% | ― | ― | 86.31% | |
43 Neutral | £10.90M | -23.43 | -3.73% | ― | ― | 16.67% |
* Basic Materials Sector Average
GB:CORA
Cora Gold
11.50
2.00
21.05%
GB:AAU
Ariana Resources
1.48
-0.20
-11.94%
GB:ORR
Oriole Resources PLC
0.28
-0.02
-6.67%
GB:WSBN
Wishbone Gold
18.50
-108.50
-85.43%
GB:LEX
Lexington Gold
2.30
-1.55
-40.26%
GB:PAT
Panthera Resources Plc
22.75
7.75
51.67%
Cora Gold Corporate Events
Business Operations and Strategy
Cora Gold Advances Sanankoro FEED and Pre-Construction Ahead of Permitting
Positive
Sep 21, 2026
Cora Gold Limited has reported solid progress on front-end engineering design and early works for its flagship Sanankoro Gold Project in southern Mali as it prepares for construction. Engineering leader SENET has completed all field work and 3D pl...
Business Operations and StrategyExecutive/Board Changes
Cora Gold Grants Share Options to New Director as Project Development Advances
Positive
Sep 8, 2026
Cora Gold Limited has granted share options to newly appointed non-executive director Russell White as part of its long-standing share option scheme, issuing options over 1,000,000 ordinary shares, or 0.13% of its current share capital, at an exer...
Business Operations and Strategy
Cora Gold’s Sanankoro Drilling Uncovers High-Grade Gold Outside Existing Resource
Positive
Sep 7, 2026
Cora Gold has reported the first assay results from its 2026 drilling programme at the Sanankoro Gold Project in southern Mali, with Zone B returning several high-grade gold intercepts outside the existing mineral resource model. Highlight results...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresPrivate Placements and Financing
Cora Gold Secures Full Funding as Sanankoro Nears Construction
Positive
Sep 4, 2026
Cora Gold Limited has completed a £15.7 million equity raise and secured a binding US$120 million gold stream, leaving its Sanankoro project in Mali fully funded through to production. Singapore-based Eagle Eye Asset Holdings emerged as the l...
Business Operations and StrategyPrivate Placements and Financing
Cora Gold Extends Financing Flexibility as Sanankoro Permitting Advances
Positive
Aug 26, 2026
Cora Gold has provided an update on financing for its Sanankoro Gold Project in south Mali, where it previously agreed a US$120 million gold stream with Eagle Eye Asset Holdings to fund development through to production. The stream entitles Eagle ...
Business Operations and StrategyRegulatory Filings and Compliance
Cora Gold Secures Key Sanankoro Permit Renewal as Mali Eases Mining Moratorium
Positive
Aug 24, 2026
Cora Gold has secured the first interim renewal of its Sanankoro II exploration permit in southern Mali, a key step in consolidating mining infrastructure under a single permit for the flagship Sanankoro Gold Project. The permit, originally grante...
Business Operations and StrategyPrivate Placements and Financing
Cora Gold to Outline Sanankoro Growth Strategy in Investor Webinar
Positive
Jul 7, 2026
Cora Gold Limited, the AIM-listed West African gold developer, will host an investor webinar on 16 July 2026, led by CEO Bert Monro. The event, organised by Turner Pope Investments, is open to shareholders and interested parties and will feature a...
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.