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Baru Gold
(BARU)
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Rating:49Neutral
Price Target:
C$0.07
▲(8.33% Upside)
Action:Reiterated
Date:09/09/26
The score is held back primarily by weak financial performance (pre-revenue, ongoing losses, and rising cash burn), which elevates financing risk. Technicals provide some support given a positive trend and momentum, but the elevated RSI reduces confidence. Valuation remains constrained by negative earnings and no dividend support.
Positive Factors
Improving leverage
The sharp reduction in debt-to-equity indicates improving financial leverage and may reduce balance-sheet pressure over the next several quarters. If maintained, deleveraging could preserve more flexibility for exploration, permitting, and project development financing.
Negative Factors
Pre-revenue business model
Baru Gold remains effectively pre-revenue, so the business has not yet demonstrated operating income from its Sangihe project. Until commercial production begins, development spending must be funded without recurring mining revenue, keeping execution and financing risk elevated.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
The sharp reduction in debt-to-equity indicates improving financial leverage and may reduce balance-sheet pressure over the next several quarters. If maintained, deleveraging could preserve more flexibility for exploration, permitting, and project development financing.
Read all positive factors
Baru Gold (BARU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$26.23M
Dividend YieldN/A
Average Volume (3M)475.69K
Price to Earnings (P/E)―
Beta (1Y)1.20
Revenue GrowthN/A
EPS Growth25.71%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding403,615,260
10 Day Avg. Volume380,180
30 Day Avg. Volume475,693
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)8.32
Price to Sales (P/S)0.00
P/FCF Ratio-52.57
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
Baru Gold Business Overview & Revenue Model
Company Description
Baru Gold Corporation is an entity primarily focused on the exploration and assessment of mineral resources within Indonesia. The company holds a significant 70% ownership in the Sangihe gold-silver project, a 42,000-hectare site located on Sangih...
How the Company Makes Money
Baru Gold’s primary intended source of revenue is the sale of gold (and any by-product metals, if produced) from its Sangihe Gold Project once the project reaches commercial production. Prior to production, the company typically does not generate ...
Baru Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
42
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 7.03K | 0.00 |
| Gross Profit | -59.20K | -65.56K | -43.13K | -125.00K | -125.00K | -52.29K |
| EBITDA | -2.52M | -2.61M | -1.47M | -2.00M | -1.80M | -4.04M |
| Net Income | -2.80M | -3.26M | -2.30M | -3.28M | -2.30M | -4.07M |
Balance Sheet | ||||||
| Total Assets | 11.68M | 11.86M | 9.70M | 9.40M | 8.20M | 6.55M |
| Cash, Cash Equivalents and Short-Term Investments | 12.46K | 885.90K | 48.33K | 38.11K | 511.37K | 1.93M |
| Total Debt | 2.35M | 3.15M | 2.69M | 1.95M | 1.63M | 10.01K |
| Total Liabilities | 8.35M | 8.97M | 8.41M | 6.89M | 3.14M | 1.43M |
| Stockholders Equity | 3.34M | 2.89M | 1.29M | 2.51M | 5.06M | 5.12M |
Cash Flow | ||||||
| Free Cash Flow | -2.30M | -457.22K | -595.48K | -734.14K | -4.86M | -4.82M |
| Operating Cash Flow | -820.51K | -457.22K | -505.54K | -283.43K | -2.30M | -3.22M |
| Investing Cash Flow | -2.61M | -2.08M | -89.94K | -450.71K | -2.56M | -1.59M |
| Financing Cash Flow | 3.11M | 3.38M | 605.70K | 260.88K | 3.44M | 6.18M |
Baru Gold Technical Analysis
Positive
0.06
Price Trends
0.05
Positive
0.04
Positive
0.05
Positive
Market Momentum
<0.01
Positive
70.71
Negative
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BARU, the sentiment is Positive. The current price of 0.06 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.05, and above the 200-day MA of 0.05, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 70.71 is Negative, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BARU.
Baru Gold Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | C$49.94M | -42.61 | -4.66% | ― | ― | 19.44% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | C$36.14M | -10.58 | -108.16% | ― | ― | -0.98% | |
49 Neutral | C$26.23M | -7.69 | -89.43% | ― | ― | 25.71% | |
49 Neutral | C$96.41M | -41.75 | -11.17% | ― | ― | -232.26% | |
46 Neutral | C$27.35M | 85.29 | 2.42% | ― | ― | ― | |
43 Neutral | C$15.90M | -1.47 | -161.75% | ― | ― | -78.95% |
* General Sector Average
TSE:BARU
Baru Gold
0.06
-0.02
-25.00%
TSE:PHNM
Phenom Resources Corp
0.38
0.18
87.50%
TSE:PUMA
Puma Exploration
0.15
0.04
38.10%
TSE:CANX
CANEX Metals
0.43
0.33
330.00%
TSE:VAU
Viva Gold
0.22
0.11
91.30%
TSE:KALO
Kalo Gold Holdings
0.16
-0.21
-56.94%
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.