Chesapeake Gold (CKG) AI Stock Analysis

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Chesapeake Gold

(TSXV:CKG)

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Rating:48Neutral

Price Target:CAD 2.50▲(0.81% Upside)

Action:reiterated

Date:10/06/26

Overall score reflects a strong, low-debt balance sheet but significant fundamental risk from being pre-revenue with persistent and recently higher cash burn, combined with a bearish technical trend (below major moving averages with negative MACD). Valuation metrics provide limited support due to negative earnings and no dividend yield data.

Positive Factors

Minimal DebtEffectively zero debt reduces financial strain and preserves flexibility while Chesapeake advances its development program. Low leverage limits interest and refinancing burdens, allowing more of the company’s capital base to support exploration, technical work, and future project decisions.

Negative Factors

Pre-Revenue ModelThe absence of revenue leaves Chesapeake dependent on capital markets, asset transactions, or future project development to create value. Until Metates or another asset reaches a monetization stage, earnings visibility and internally funded growth remain structurally limited.

Chesapeake Gold (CKG) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 195.29M
Dividend Yield: ―
Average Volume (3M): 39.89K
Price to Earnings (P/E): -33.5
Beta (1Y): 2.68
Revenue Growth: ―
EPS Growth: -106.53%
Country: Canada
Employees: 20
Sector: General
Sector Strength: 55
Industry: Other Precious Metals

Chesapeake Gold Business Overview & Revenue Model

Company Description

Headquartered in Vancouver, Canada, Chesapeake Gold Corp. is a mineral resource enterprise established in 1993. The company is primarily engaged in the identification, acquisition, and advancement of gold and silver deposits throughout North and Cent...

How the Company Makes Money

Chesapeake Gold’s business model is characteristic of an exploration-stage mining company: it seeks to create value by advancing mineral properties through exploration, resource definition, metallurgical work, and engineering/economic studies, with t...

Chesapeake Gold Financial Statement Overview

Summary

Financials are mixed for a development-stage company: the balance sheet is a strength with effectively zero debt and a large equity base (~$170.5M TTM), but the company remains pre-revenue with persistent losses (TTM net loss ~-$5.4M) and negative operating/free cash flow (TTM OCF ~-$3.8M; FCF ~-$5.0M) with burn worsening versus 2025.

Income Statement

18Very Negative

Balance Sheet

74Positive

Cash Flow

30Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	0	0	0	0	0	0
Gross Profit	-14.00K	-13.00K	-15.00K	-10.00K	-9,000	-14.00K
EBITDA	-5.27M	-4.14M	-3.13M	-4.24M	-10.12M	-5.92M
Net Income	-5.41M	-4.42M	-2.54M	-5.67M	-10.99M	-7.40M
Balance Sheet
Total Assets	188.16M	167.84M	161.28M	164.31M	164.63M	172.91M
Cash, Cash Equivalents and Short-Term Investments	25.09M	11.06M	10.99M	19.82M	25.67M	32.15M
Total Debt	0	0	0	0	0	700.00K
Total Liabilities	13.16M	13.06M	12.75M	12.88M	10.97M	10.63M
Stockholders Equity	170.49M	150.44M	146.17M	149.05M	150.97M	160.51M
Cash Flow
Free Cash Flow	-4.96M	-4.26M	-2.39M	-3.06M	-8.46M	-6.01M
Operating Cash Flow	-3.84M	-4.26M	-2.35M	-3.06M	-4.50M	-2.61M
Investing Cash Flow	-5.85M	-3.89M	-6.65M	-2.82M	-3.48M	-1.01M
Financing Cash Flow	22.01M	7.79M	225.00K	12.00K	1.68M	1.19M

Chesapeake Gold Technical Analysis

Technical Analysis SentimentNegative

Last Price2.48

Price Trends

50DMA3.20Negative

100DMA3.25Negative

200DMA3.43Negative

Market Momentum

MACD-0.15Positive

RSI32.12Neutral

STOCH7.61Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CKG, the sentiment is Negative. The current price of 2.48 is below the 20-day moving average (MA) of 2.83, below the 50-day MA of 3.20, and below the 200-day MA of 3.43, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 32.12 is Neutral, neither overbought nor oversold. The STOCH value of 7.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CKG.

Chesapeake Gold Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TSE:CKG against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TSE:EMPR	72Outperform	CAD 119.00M	8.33	33.26%	―	120.16%	150.72%
TSE:SM	67Neutral	CAD 323.48M	20.80	12.84%	―	90.57%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TSE:AGMR	51Neutral	CAD 188.18M	-3.48	-59.97%	―	―	-335.86%
TSE:CKG	48Neutral	CAD 190.68M	-33.51	-3.37%	―	―	-106.53%
TSE:KCP	44Neutral	CAD 172.74M	-14.71	-45.18%	―	―	31.78%
TSE:OCG	44Neutral	CAD 133.24M	-5.50	-69.66%	―	―	-0.41%

* General Sector Average

Performance Comparison

TSE:CKG and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:CKG	Chesapeake Gold	2.48	0.16	6.90%
TSE:OCG	Outcrop Gold	0.27	-0.04	-14.29%
TSE:KCP	Turmalina Metals Corporation	0.54	-0.17	-23.94%
TSE:EMPR	Empress Royalty Corp	0.88	-0.04	-4.35%
TSE:SM	Sierra Madre Gold & Silver Ltd.	1.25	-0.01	-0.79%
TSE:AGMR	Silver Mountain Resources, Inc. Class A	2.91	0.44	17.81%

Chesapeake Gold Corporate Events

Business Operations and Strategy

Chesapeake Advances Heap Oxidation Breakthroughs at Metates Project

Positive

Sep 22, 2026

Chesapeake Gold Corp., a precious metals developer listed on the TSXV and OTCQX, is advancing its Metates project in Durango, Mexico, which hosts one of the largest undeveloped silver deposits globally. The company’s strategic focus is on optim...

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 06, 2026

Chesapeake Gold AI Stock Analysis