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Baru Gold
(BARU)
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Rating:48Neutral
Price Target:
C$0.05
▼(-10.00% Downside)
Action:Reiterated
Date:09/12/26
The score is held down primarily by weak financial performance: pre-revenue operations, ongoing net losses, and worsening free cash flow increase financing and dilution risk despite some balance-sheet deleveraging. Technicals provide partial support with an improving uptrend and positive MACD, though RSI near overbought levels adds caution. Valuation is less supportive because negative earnings make P/E less informative and there is no dividend yield.
Positive Factors
Improving Leverage
Substantial deleveraging improves financial flexibility and reduces balance-sheet pressure as the project advances. A lower debt-to-equity ratio can make future financing more manageable, preserve a greater share of potential project value for shareholders, and strengthen resilience against development delays.
Negative Factors
Pre-Revenue Business
Without operating revenue, the company has no demonstrated commercial earnings stream to fund ongoing activities or project development. Its investment case therefore remains dependent on successfully advancing Sangihe toward production, making execution and future financing critical to long-term viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Leverage
Substantial deleveraging improves financial flexibility and reduces balance-sheet pressure as the project advances. A lower debt-to-equity ratio can make future financing more manageable, preserve a greater share of potential project value for shareholders, and strengthen resilience against development delays.
Read all positive factors
Baru Gold (BARU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$20.18M
Dividend YieldN/A
Average Volume (3M)493.27K
Price to Earnings (P/E)―
Beta (1Y)1.10
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. Volume435,894
30 Day Avg. Volume493,267
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 | -1.87M | -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
Negative
0.06
Price Trends
0.06
Negative
0.05
Positive
0.05
Positive
Market Momentum
>-0.01
Positive
16.13
Positive
22.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BARU, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 16.13 is Positive, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | C$25.32M | 73.53 | 2.42% | ― | ― | ― | |
51 Neutral | C$49.26M | -40.91 | -4.66% | ― | ― | 19.44% | |
50 Neutral | C$96.54M | -37.86 | -11.17% | ― | ― | -232.26% | |
48 Neutral | C$20.18M | -6.41 | -89.43% | ― | ― | 25.71% | |
48 Neutral | C$41.52M | -9.07 | -108.33% | ― | ― | -3.88% | |
43 Neutral | C$15.90M | -1.28 | -161.75% | ― | ― | -78.95% |
* General Sector Average
TSE:BARU
Baru Gold
0.05
-0.05
-50.00%
TSE:PHNM
Phenom Resources Corp
0.36
0.06
20.00%
TSE:PUMA
Puma Exploration
0.13
-0.05
-30.56%
TSE:CANX
CANEX Metals
0.39
0.24
160.00%
TSE:VAU
Viva Gold
0.20
0.04
21.88%
TSE:KALO
Kalo Gold Holdings
0.14
-0.19
-57.81%
Baru Gold Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Baru Gold Nears Final Approval for Production at Indonesia’s Sangihe Project
Positive
Sep 17, 2026
Baru Gold Corp. has confirmed that Indonesia’s Ministry of Energy and Mineral Resources has deemed its application to begin production at the Sangihe Gold Project complete, with no further documentation required. The file is now moving throu...
Business Operations and StrategyRegulatory Filings and Compliance
Baru Gold Nears Production Approval for Indonesian Sangihe Project
Positive
Sep 17, 2026
Baru Gold Corp. has confirmed that Indonesia’s Ministry of Energy and Mineral Resources has deemed the company’s application to begin production at the Sangihe Gold Project complete, with no further meetings or submissions required. Re...
Business Operations and StrategyPrivate Placements and Financing
Baru Gold Launches Private Placement to Fund Sangihe Gold Project Working Capital
Positive
Sep 17, 2026
Baru Gold Corp., a junior gold developer with NI 43-101 gold resources in Indonesia, is advancing its Sangihe Gold Project on the island of Sangihe through subsidiary PT. Tambang Mas Sangihe. The company holds a majority stake in a long-term Contr...
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.