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Cora Gold
(LSE:CORA)
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Rating:48Neutral
Price Target:
10.00 p
▲(5.26% 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
Debt-free balance sheet
The absence of reported debt reduces interest expense, refinancing exposure, and solvency pressure while the company advances its projects. This gives Cora greater financial flexibility than a similarly loss-making explorer carrying material leverage, although it does not by itself create profitability.
Negative Factors
Pre-revenue business model
Cora has not yet established recurring revenue from gold production, leaving its financial profile dependent on exploration success, asset transactions, partnerships, or capital markets funding. This makes near-term earnings visibility weak and increases dependence on progressing projects toward value-realisation events.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of reported debt reduces interest expense, refinancing exposure, and solvency pressure while the company advances its projects. This gives Cora greater financial flexibility than a similarly loss-making explorer carrying material leverage, although it does not by itself create profitability.
Read all positive factors
Cora Gold (CORA) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£76.53M
Dividend YieldN/A
Average Volume (3M)241.73K
Price to Earnings (P/E)―
Beta (1Y)-0.26
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. Volume105,590
30 Day Avg. Volume241,729
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 | 952.00K | -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
Neutral
9.50
Price Trends
10.32
Negative
9.42
Positive
9.44
Positive
Market Momentum
-0.13
Positive
39.66
Neutral
20.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CORA, the sentiment is Neutral. The current price of 9.5 is below the 20-day moving average (MA) of 10.89, below the 50-day MA of 10.32, and above the 200-day MA of 9.44, indicating a neutral trend. The MACD of -0.13 indicates Positive momentum. The RSI at 39.66 is Neutral, neither overbought nor oversold. The STOCH value of 20.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | £13.22M | 14.61 | 6.50% | ― | ― | ― | |
50 Neutral | £60.19M | -26.86 | -73.69% | ― | ― | 16.67% | |
48 Neutral | £76.53M | -41.60 | -4.96% | ― | ― | -13.64% | |
46 Neutral | £36.33M | -3.65 | -12.69% | 22.22% | ― | -416.67% | |
43 Neutral | £3.51M | -1.69 | -13.94% | ― | ― | 58.80% | |
43 Neutral | £10.83M | -22.52 | -3.73% | ― | ― | 16.67% |
* Basic Materials Sector Average
GB:CORA
Cora Gold
10.00
1.50
17.65%
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GB:PAT
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Cora Gold Corporate Events
Business Operations and Strategy
Cora Gold Drilling Extends Selin Mineralisation at Mali’s Sanankoro Project
Positive
Oct 19, 2026
Cora Gold has reported further drill results from its 2026 mineral resource growth programme at the Selin deposit within the Sanankoro project in Mali, confirming gold mineralisation outside the current resource model. The 21 reverse circulation h...
Business Operations and StrategyExecutive/Board Changes
Cora Gold Backs Shareholder Restructuring as Sanankoro Development Advances
Positive
Oct 19, 2026
Cora Gold Limited, a West African-focused gold developer active in Mali and Senegal, is advancing its flagship Sanankoro Gold Project as an open pit oxide mine supported by robust reserves and a fully funded development plan. The company is also p...
Business Operations and StrategyShareholder Meetings
Cora Gold to Update Investors on Fully Funded Sanankoro Project and West African Growth Plans
Positive
Oct 16, 2026
West Africa-focused gold developer Cora Gold Limited will host a live investor presentation on 19 October 2026 via the Investor Meet Company platform. Chief executive Bert Monro is set to brief shareholders and prospective investors on recent oper...
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...
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.