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Cora Gold (CORA) AI Stock Analysis

GB:CORA

Cora Gold

(LSE:CORA)

Select Model
Rating:49Neutral
Price Target:GBX 10.00â–²(0.00% Upside)
Action:reiterated
Date:10/02/26

The overall score is held down primarily by weak financial performance, as Cora Gold remains a pre-revenue explorer with widening losses and consistently negative cash flows, offset only partly by a debt-free, growing equity base. Technical indicators are supportive of the share price, with a clear upward trend and positive momentum, but overbought readings on RSI and stochastic raise the risk of near-term volatility and limit the technical upside contribution. Valuation offers no clear earnings or income support given the negative P/E and lack of dividends, leaving the investment case heavily dependent on successful future execution rather than current financial strength.

Positive Factors
Debt-free balance sheetNo reported debt limits interest obligations and reduces solvency pressure while projects are advanced. This gives Cora greater financial flexibility than a similarly loss-making explorer carrying material leverage, although it does not remove its funding needs.
Negative Factors
Pre-revenue operating modelWith no reported revenue, Cora lacks recurring operating income to fund exploration and corporate costs. Its financial performance therefore depends on advancing assets toward transactions or production, leaving profitability contingent on successful project development.

Cora Gold (CORA) vs. iShares MSCI United Kingdom ETF (EWC)

-25%0%25%50%75%100%125%150%GB:CORA+86.05%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 76.53M
Dividend Yield
―
Average Volume (3M)
194.44K
Price to Earnings (P/E)
-41.9
Beta (1Y)
-0.21
Revenue Growth
―
EPS Growth
-13.64%
Country
UK
Employees
19
Sector
Basic Materials
Sector Strength
61
Industry
Gold

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 Sanankor...

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 spec...

Cora Gold Financial Statement Overview

Summary

Financial performance is weak overall: Cora Gold is a pre-revenue explorer with zero reported revenue from 2020–2025, recurring and rising operating losses, and structurally negative operating and free cash flows funded by an at-risk equity base. The main mitigating strength is a debt-free balance sheet with steadily growing equity and assets, which provides some financial flexibility despite the absence of any proven profitability or self-funding capability.

Income Statement

20Very Negative

Balance Sheet

65Positive

Cash Flow

30Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue000000
Gross Profit000000
EBITDA-1.22M-1.54M-827.98K-1.22M952.00K-866.00K
Net Income-1.88M-1.48M-1.09M-2.95M-4.97M-2.66M
Balance Sheet
Total Assets48.17M28.28M26.09M40.77M24.38M27.16M
Cash, Cash Equivalents and Short-Term Investments14.67M1.53M879.00K16.85M461.00K5.38M
Total Debt00015.86M00
Total Liabilities670.46K159.06K216.00K16.12M193.00K570.00K
Stockholders Equity47.50M28.12M25.88M24.66M24.18M26.59M
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 Flow20.91M3.46M-13.63M18.56M010.08M

Cora Gold Technical Analysis

Technical Analysis SentimentNeutral
Last Price10.00

Price Trends

50DMA10.37Negative
100DMA9.44Positive
200DMA9.45Positive

Market Momentum

MACD-0.17Positive
RSI39.66Neutral
STOCH20.00Neutral

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 10.00 is below the 20-day moving average (MA) of 10.71, below the 50-day MA of 10.37, and above the 200-day MA of 9.45, indicating a neutral trend. The MACD of -0.17 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

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

GB:CORA against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
GB:ORRGB:ORR51NeutralGBP 13.22M14.616.50%―――
GB:CORAGB:CORA49NeutralGBP 76.53M-41.86-4.96%――-13.64%
GB:AAUGB:AAU45NeutralGBP 35.79M-3.59-12.69%――-416.67%
GB:LEXGB:LEX42NeutralGBP 10.83M-22.65-3.73%――16.67%
GB:WSBNGB:WSBN42NeutralGBP 3.70M-1.78-13.94%――58.80%
GB:PATGB:PAT38UnderperformGBP 59.36M-26.65-73.69%――16.67%

* Basic Materials Sector Average

Performance Comparison

-50%0%50%100%GB:CORAGB:AAUGB:ORRGB:WSBNGB:LEXGB:PATDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:CORA and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:CORACora Gold Ltd.10.004.4078.57%
GB:AAUAriana Resources1.33-0.16-10.74%
GB:ORROriole Resources PLC0.270.013.85%
GB:WSBNWishbone Gold9.75-91.75-90.39%
GB:LEXLexington Gold Ltd.2.20-1.65-42.86%
GB:PATPanthera Resources Plc21.50-2.50-10.42%

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 hole...

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 purs...

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 operati...

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 plant...

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 exercis...

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 in...

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 larg...

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 Eye...

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 granted 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.

Date of analysis: Oct 02, 2026