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Canagold Resources (CCM) AI Stock Analysis
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Canagold Resources
(TSX:CCM)
The score is held back primarily by weak financial performance—no revenue, persistent losses, and continued negative operating/free cash flow—despite a notably conservative balance sheet with minimal leverage. Technicals are moderately supportive with improving momentum and the price above longer-term moving averages, but valuation is not compelling given a negative P/E and no dividend yield data.
Canagold Resources (CCM) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 141.43M
- Dividend Yield
- ―
- Average Volume (3M)
- 37.46K
- Price to Earnings (P/E)
- -39.6
- Beta (1Y)
- 1.13
- Revenue Growth
- ―
- EPS Growth
- -55.56%
- Country
- Canada
- Employees
- 5
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Gold
Canagold Resources Business Overview & Revenue Model
Company Description
Canagold Resources Ltd. engages in the evaluation, acquisition, exploration, and development of precious metal properties in the United States and Canada. It explores for gold, silver, and copper deposits. The company holds 100% interest in the New P...
How the Company Makes Money
Canagold is primarily an exploration and development-stage company, and publicly available information does not indicate recurring operating revenue from producing mines. As a result, it typically does not “make money” through ongoing sales of gold;...
Canagold Resources Financial Statement Overview
Summary
Balance sheet strength (very low leverage; TTM debt-to-equity ~0.002 and equity growth to ~$38.5M) is a meaningful positive, but it is outweighed by the operating reality: no revenue, persistent net losses (TTM net loss ~$2.16M), and ongoing cash burn with materially negative operating and free cash flow (TTM OCF ~-$1.13M; TTM FCF ~-$7.82M).
Income Statement
12Very NegativeBalance Sheet
72PositiveCash Flow
22Negative| Breakdown | TTM | Mar 2026 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | -75.20K | -76.00K | -81.00K | -89.00K | -60.00K | -55.00K |
| EBITDA | -1.70M | -1.67M | -1.38M | -3.37M | -1.61M | -1.86M |
| Net Income | -2.16M | -2.59M | -1.12M | -3.05M | -2.71M | -1.83M |
Balance Sheet | ||||||
| Total Assets | 43.10M | 38.42M | 32.74M | 33.23M | 32.63M | 27.58M |
| Cash, Cash Equivalents and Short-Term Investments | 2.65M | 836.00K | 894.00K | 4.34M | 4.68M | 3.31M |
| Total Debt | 70.88K | 102.00K | 150.00K | 215.00K | 257.00K | 21.00K |
| Total Liabilities | 4.58M | 4.45M | 2.77M | 2.49M | 3.12M | 1.29M |
| Stockholders Equity | 38.52M | 33.97M | 29.98M | 30.74M | 29.51M | 26.29M |
Cash Flow | ||||||
| Free Cash Flow | -7.82M | -5.09M | -6.03M | -6.28M | -5.93M | -9.10M |
| Operating Cash Flow | -1.13M | -817.00K | -364.00K | -1.73M | -1.33M | -893.00K |
| Investing Cash Flow | -7.16M | -4.17M | -4.56M | -2.79M | -4.28M | -7.55M |
| Financing Cash Flow | 10.62M | 5.02M | 2.95M | 3.24M | 8.21M | 4.40M |
Canagold Resources Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CCM, the sentiment is Negative. The current price of 0.62 is below the 20-day moving average (MA) of 0.67, below the 50-day MA of 0.68, and above the 200-day MA of 0.59, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 39.58 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CCM.
Canagold Resources Risk Analysis
Canagold Resources disclosed 1 risk factors in its most recent earnings report. Canagold Resources reported the most risks in the "Legal & Regulatory" category.
Latest Risks Added
0 New RisksCanagold Resources Peers Comparison
Overall Rating
- TSE:CCM52Neutral
TSE:AE50Neutral
TSE:AUAU42Neutral
TSE:GPAC41Neutral
TSE:BLLG40Underperform
TSE:TECT37Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| TSE:CCM | 52Neutral | CAD 141.43M | -39.62 | -5.89% | ― | ― | -55.56% |
| TSE:AE | 50Neutral | CAD 181.70M | -11.11 | -38.04% | ― | ― | -35.45% |
| TSE:AUAU | 42Neutral | CAD 50.80M | -9.90 | -8.09% | ― | ― | 9.21% |
| TSE:GPAC | 41Neutral | CAD 24.51M | -2.15 | -30.37% | ― | ― | 57.73% |
| TSE:BLLG | 40Underperform | CAD 94.83M | -18.43 | -20.85% | ― | ― | 13.27% |
| TSE:TECT | 37Underperform | CAD 186.80M | -3.89 | -64.67% | ― | ― | -56.24% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:CCM | Canagold Resources Ltd. | 0.62 | 0.13 | 25.25% | |
| TSE:AUAU | A2 Gold Corp. | 0.41 | -0.48 | -53.93% | |
| TSE:GPAC | Great Pacific Gold Corp. | 0.13 | -0.32 | -71.78% | |
| TSE:BLLG | Blue Lagoon Resources Inc | 0.54 | -0.14 | -20.59% | |
| TSE:TECT | Tectonic Metals, Inc. | 1.37 | 0.45 | 48.91% | |
| TSE:AE | American Eagle Gold Corp | 0.90 | 0.38 | 73.08% |
Canagold Resources Corporate Events
Canagold Produces High-Purity Antimony Metal from New Polaris Concentrate
PositiveCanagold Resources has produced high-purity physical antimony metal, grading over 99% Sb, from concentrate generated at its New Polaris gold-antimony project in British Columbia, using an alkaline sulphide leach and electrowinning process. The test w...
Canagold Reports Best Antimony Grades Yet at New Polaris, Boosting Gold Project Economics
PositiveCanagold reported new assay results from five holes in a 14-hole infill and expansion campaign at its New Polaris Gold Project, highlighting some of the highest antimony grades and widths encountered on the property so far. Key intercepts from holes...
Canagold Raises $7.1 Million to Advance New Polaris Gold-Antimony Project
PositiveCanagold Resources has raised $7.1 million through a private placement of common and flow-through shares priced at $0.47 and $0.52 respectively. Proceeds from the common shares will fund working capital, administrative costs and project development,...
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 14, 2026