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Apollo Gold
(APGO)
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Rating:42Neutral
Price Target:
C$2.50
▼(-25.15% Downside)
Action:Reiterated
Date:09/22/26
The score is primarily held down by financial performance: the company is pre-revenue with worsening losses and increasing cash burn, raising ongoing funding/dilution risk despite minimal leverage. Technicals also lean negative with the stock trading below major moving averages, while valuation is difficult to support due to negative earnings and no dividend yield data.
Positive Factors
Minimal leverage
Debt-to-equity near zero materially limits direct solvency pressure and preserves more financial flexibility than a leveraged balance sheet would. Over the next several months, minimal debt service should leave capital allocation focused on advancing the business rather than meeting heavy fixed obligations.
Negative Factors
Pre-revenue business
A zero-revenue profile means Apollo Gold has not yet demonstrated commercial monetization or recurring customer demand. Until revenue is established, operating performance depends on development progress and financing capacity, leaving earnings visibility and the path to self-funded growth uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal leverage
Debt-to-equity near zero materially limits direct solvency pressure and preserves more financial flexibility than a leveraged balance sheet would. Over the next several months, minimal debt service should leave capital allocation focused on advancing the business rather than meeting heavy fixed obligations.
Read all positive factors
Apollo Gold (APGO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$164.91M
Dividend YieldN/A
Average Volume (3M)157.77K
Price to Earnings (P/E)―
Beta (1Y)2.91
Revenue GrowthN/A
EPS Growth-125.32%
CountryCA
Employees8
SectorGeneral
Sector StrengthN/A
IndustrySilver
Share Statistics
EPS (TTM)-0.29
Shares Outstanding63,182,800
10 Day Avg. Volume114,118
30 Day Avg. Volume157,772
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)7.18
Price to Sales (P/S)0.00
P/FCF Ratio-27.02
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
Apollo Gold Business Overview & Revenue Model
Company Description
Apollo Silver Corp. is an American-focused enterprise dedicated to the exploration and development of silver properties. The company possesses significant land interests in California's Mojave Desert, within San Bernardino County. These include th...
How the Company Makes Money
null...
Apollo Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -159.07K | -143.87K | -139.23K | -139.00K | -133.00K | -9.98K |
| EBITDA | -16.09M | -9.48M | -2.94M | -3.98M | -10.85M | -2.70M |
| Net Income | -15.72M | -9.38M | -2.99M | -4.15M | -10.61M | -2.71M |
Balance Sheet | ||||||
| Total Assets | 57.51M | 33.96M | 14.12M | 3.91M | 92.90M | 95.20M |
| Cash, Cash Equivalents and Short-Term Investments | 56.39M | 31.70M | 13.68M | 3.56M | 9.36M | 15.75M |
| Total Debt | 289.16K | 175.42K | 113.42K | 155.68K | 243.35K | 214.06K |
| Total Liabilities | 878.55K | 767.63K | 404.32K | 365.54K | 2.48M | 2.72M |
| Stockholders Equity | 56.63M | 33.20M | 13.71M | 3.54M | 90.41M | 92.49M |
Cash Flow | ||||||
| Free Cash Flow | -12.30M | -8.82M | -2.88M | -5.69M | -9.29M | -40.28M |
| Operating Cash Flow | -12.21M | -8.81M | -2.87M | -5.68K | -8.83M | -4.10M |
| Investing Cash Flow | -88.35K | -14.26K | -9.10K | -3.64K | -451.98K | -36.18M |
| Financing Cash Flow | 58.27M | 26.76M | 13.01M | -116.32K | 2.75M | 49.88M |
Apollo Gold Technical Analysis
Negative
3.34
Price Trends
3.13
Negative
3.00
Negative
3.65
Negative
Market Momentum
-0.17
Positive
38.45
Neutral
13.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:APGO, the sentiment is Negative. The current price of 3.34 is above the 20-day moving average (MA) of 3.17, above the 50-day MA of 3.13, and below the 200-day MA of 3.65, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 38.45 is Neutral, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:APGO.
Apollo Gold Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | C$123.39M | -4.12 | -76.19% | ― | ― | -134.24% | |
48 Neutral | C$435.18M | -14.84 | -42.64% | ― | ― | -42.53% | |
47 Neutral | C$116.78M | -11.35 | -12.39% | ― | ― | -44.58% | |
46 Neutral | C$292.22M | -4.89 | -59.58% | ― | 59.54% | -45.48% | |
45 Neutral | C$168.53M | ― | ― | ― | ― | -166.50% | |
42 Neutral | C$164.91M | -8.68 | -39.97% | ― | ― | -125.32% |
* General Sector Average
TSE:APGO
Apollo Gold
2.50
-1.51
-37.66%
TSE:AGAG
Argenta Silver Corp
0.41
-0.49
-54.44%
TSE:SVRS
Silver Storm Mining
0.48
0.23
93.88%
TSE:KTN
Kootenay Silver
1.09
-0.70
-39.11%
TSE:GSVR
Guanajuato Silver Company
0.37
-0.06
-13.95%
TSE:BNKR
Bunker Hill Mining
3.35
-3.82
-53.30%
Apollo Gold Corporate Events
Business Operations and Strategy
Apollo Silver Refutes Reports of Ejido Vote on Mining Ban
Neutral
Sep 21, 2026
Apollo Silver has moved to correct media reports about a September 20 community assembly of Ejido Benito Juárez in Chihuahua, Mexico, where certain outlets claimed the community voted to reaffirm a 2012 ban on mining. The company says the ass...
Business Operations and Strategy
Apollo Silver Awaits Renewed Community Vote on Access to Cinco de Mayo Project
Neutral
Sep 21, 2026
Apollo Silver Corp. says the Ejido Benito Juárez community in Chihuahua, Mexico will reconvene an assembly to consider lifting a moratorium on mineral exploration and development affecting lands that include the Cinco de Mayo project, and to ...
Business Operations and StrategyExecutive/Board Changes
Apollo Silver refreshes finance leadership as it advances key silver projects
Positive
Sep 1, 2026
Apollo Silver Corp., a silver-focused exploration and development company, is advancing the Calico Silver Project in the U.S., a large undeveloped primary silver asset with barite and zinc by-products, and holds an option on the Cinco de Mayo CRD ...
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.