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Golconda Gold
(GG)
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Rating:78Outperform
Price Target:
C$3.50
▲(21.53% Upside)
Action:Reiterated
Date:10/29/26
The score is led by strong financial performance—especially the debt-free balance sheet and recent return to high profitability—offset by free-cash-flow softness and a history of volatile results. Technicals are supportive with price above key moving averages, and valuation is reasonably attractive at a ~10.7 P/E.
Positive Factors
Debt-free balance sheet
The absence of TTM debt gives Golconda Gold substantial financial flexibility and limits interest burden on future earnings. Growing equity and strong TTM returns on capital further support resilience, allowing more internally generated resources to fund operations or development.
Negative Factors
Historically volatile earnings
The recent earnings recovery has not yet established a long operating history of consistent profitability. The preceding losses and weak margins indicate that results may remain sensitive to operating or commodity swings, making future earnings less predictable than the latest TTM figures suggest.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of TTM debt gives Golconda Gold substantial financial flexibility and limits interest burden on future earnings. Growing equity and strong TTM returns on capital further support resilience, allowing more internally generated resources to fund operations or development.
Read all positive factors
Golconda Gold (GG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$215.63M
Dividend YieldN/A
Average Volume (3M)34.62K
Price to Earnings (P/E)10.1
Beta (1Y)3.01
Revenue Growth95.04%
EPS Growth247.07%
CountryCA
Employees209
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)0.22
Shares Outstanding71,401,360
10 Day Avg. Volume55,021
30 Day Avg. Volume34,624
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)3.20
Price to Sales (P/S)3.84
P/FCF Ratio22.23
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)0.08
Revenue Forecast (FY)C$60.35M
Golconda Gold Business Overview & Revenue Model
Company Description
Golconda Gold Ltd. is dedicated to the discovery, advancement, and ongoing management of gold mining assets. The company's operational footprint includes two significant properties: the Mupane Property in Botswana and the 58.6 square kilometer Gal...
Golconda Gold Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.75M | 33.74M | 13.83M | 9.37M | 13.17M | 2.94M |
| Gross Profit | 21.08M | 15.00M | 1.88M | 349.30K | 1.66M | -429.66K |
| EBITDA | 20.52M | 13.70M | 1.26M | -310.03K | 110.63K | 508.62K |
| Net Income | 15.12M | 9.82M | -1.17M | -2.15M | -970.44K | -3.95M |
Balance Sheet | ||||||
| Total Assets | 66.21M | 55.87M | 45.70M | 42.37M | 42.62M | 58.79M |
| Cash, Cash Equivalents and Short-Term Investments | 5.80M | 3.79M | 335.46K | 113.21K | 639.03K | 889.56K |
| Total Debt | 0.00 | 2.39M | 3.89M | 4.55M | 3.03M | 2.32M |
| Total Liabilities | 16.19M | 15.40M | 15.61M | 11.11M | 9.27M | 27.09M |
| Stockholders Equity | 50.02M | 40.48M | 30.09M | 31.26M | 33.35M | 31.69M |
Cash Flow | ||||||
| Free Cash Flow | 7.51M | 5.83M | 1.36M | -1.17M | -92.58K | -9.67M |
| Operating Cash Flow | 13.59M | 10.39M | 4.54M | -18.76K | 1.15M | 4.58M |
| Investing Cash Flow | -6.08M | -4.56M | -3.18M | -1.15M | -1.56M | -12.75M |
| Financing Cash Flow | -2.91M | -2.46M | -1.14M | 649.56K | 252.15K | 4.21M |
Golconda Gold Technical Analysis
Positive
2.88
Price Trends
2.95
Positive
2.64
Positive
2.77
Positive
Market Momentum
<0.01
Negative
54.11
Neutral
61.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GG, the sentiment is Positive. The current price of 2.88 is below the 20-day moving average (MA) of 2.92, below the 50-day MA of 2.95, and above the 200-day MA of 2.77, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.11 is Neutral, neither overbought nor oversold. The STOCH value of 61.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GG.
Golconda Gold Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$215.63M | 10.12 | 34.79% | ― | 95.04% | 247.07% | |
69 Neutral | C$230.92M | 17.64 | 29.83% | 200.50% | 58.33% | ― | |
63 Neutral | C$113.71M | 8.42 | 4.37% | 6.88% | 22.69% | -20.87% | |
58 Neutral | C$100.52M | 17.78 | 23.88% | ― | ― | 62.95% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | C$171.99M | -15.88 | -29.15% | ― | ― | -489.74% | |
42 Neutral | C$108.63M | -4.43 | -110.09% | ― | ― | -175.00% |
* General Sector Average
TSE:GG
Golconda Gold
2.98
1.10
58.51%
TSE:OGN
Orogen Royalties
3.73
1.58
73.49%
TSE:KTO
K2 Gold
0.67
0.28
69.62%
TSE:MGG
Minaurum Gold
0.21
-0.11
-33.87%
TSE:MJS
Majestic Gold
0.08
-0.08
-50.33%
TSE:XTG
Xtra-Gold Resource
2.11
-1.23
-36.83%
Golconda Gold Corporate Events
Business Operations and StrategyFinancial Disclosures
Golconda Gold Posts Record Q3 Output at Galaxy Mine After Equipment Upgrades
Positive
Oct 16, 2026
Golconda Gold reported record quarterly production at its Galaxy Gold Mine in South Africa, delivering 4,301 ounces of gold in the third quarter of 2026, up 18% from the previous quarter and 20% from the same period in 2025. The mine also achieved...
Business Operations and StrategyFinancial Disclosures
Golconda Gold Posts Solid Q2 2026 Results and Advances Summit Mine Restart
Positive
Aug 28, 2026
Golconda Gold reported solid second-quarter 2026 results, mining 40,159 tonnes of ore and producing 3,648 ounces of gold, which generated $12.0 million in revenue and $3.9 million in net earnings, slightly down from the prior quarter. The company ...
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.