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Galleon Gold
(GGO)
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Rating:42Neutral
Price Target:
C$0.99
▼(-17.58% Downside)
Action:Reiterated
Date:10/31/26
The score is primarily constrained by weak financial performance, including no reported revenue, widening losses, and substantial negative free cash flow that increases funding risk. Technicals add pressure as the stock trades below key moving averages with negative MACD, signaling a bearish trend despite oversold-leaning momentum readings. Valuation provides limited support because the negative P/E reflects ongoing losses and no dividend yield is available.
Positive Factors
Expanding Asset Base
A substantially larger asset base indicates that Galleon Gold is continuing to invest in its projects and development platform. While these assets are not yet producing earnings, sustained investment can support resource advancement, technical work, and future production potential over the next several quarters.
Negative Factors
No Reported Revenue
The absence of reported revenue means Galleon Gold currently lacks recurring operating cash inflows from gold sales. Until a project reaches production, financial performance depends on advancing assets without an established revenue base to absorb exploration, development, and corporate costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Expanding Asset Base
A substantially larger asset base indicates that Galleon Gold is continuing to invest in its projects and development platform. While these assets are not yet producing earnings, sustained investment can support resource advancement, technical work, and future production potential over the next several quarters.
Read all positive factors
Galleon Gold (GGO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$140.56M
Dividend YieldN/A
Average Volume (3M)141.64K
Price to Earnings (P/E)―
Beta (1Y)1.55
Revenue GrowthN/A
EPS Growth-636.36%
CountryCA
Employees2
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.10
Shares Outstanding136,469,010
10 Day Avg. Volume136,537
30 Day Avg. Volume141,642
Financial Highlights & Ratios
PEG Ratio0.88
Price to Book (P/B)2.27
Price to Sales (P/S)0.00
P/FCF Ratio-34.90
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
Galleon Gold Business Overview & Revenue Model
Company Description
Headquartered in Toronto, Canada, Galleon Gold Corp. specializes in the acquisition, exploration, and advancement of mineral properties across both Canada and the United States. The company primarily targets a range of valuable resources, includin...
How the Company Makes Money
Galleon Gold’s ability to generate revenue is tied to the mining project lifecycle rather than established operating sales. Publicly available information does not confirm that the company currently operates a producing mine with recurring gold sa...
Galleon Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -20.53K | -22.02K | -26.25K | -32.44K | -39.29K | -37.07K |
| EBITDA | -6.29M | -2.20M | -2.45M | -825.00K | -907.00K | -299.00K |
| Net Income | -9.42M | -2.54M | -3.18M | -1.26M | -972.00K | -345.00K |
Balance Sheet | ||||||
| Total Assets | 98.07M | 48.10M | 31.90M | 30.13M | 26.99M | 24.30M |
| Cash, Cash Equivalents and Short-Term Investments | 18.07M | 14.10M | 1.62M | 672.74K | 1.27M | 1.62M |
| Total Debt | 27.96M | 16.80M | 3.35M | 1.24M | 0.00 | 145.64K |
| Total Liabilities | 44.14M | 21.77M | 8.75M | 5.61M | 3.51M | 3.70M |
| Stockholders Equity | 53.93M | 26.32M | 23.15M | 24.52M | 23.48M | 20.60M |
Cash Flow | ||||||
| Free Cash Flow | -17.86M | -1.71M | -3.00M | -3.33M | -4.78M | -7.89M |
| Operating Cash Flow | -5.00M | -1.71M | -2.48M | -1.71M | -2.73M | -1.81M |
| Investing Cash Flow | -33.11M | -1.54M | -756.48K | -281.61K | -1.03M | -5.01M |
| Financing Cash Flow | 40.99M | 15.58M | 4.55M | 1.74M | 3.23M | -135.11K |
Galleon Gold Technical Analysis
Negative
1.20
Price Trends
1.18
Negative
1.11
Negative
1.08
Negative
Market Momentum
-0.04
Positive
34.79
Neutral
21.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GGO, the sentiment is Negative. The current price of 1.2 is below the 20-day moving average (MA) of 1.21, above the 50-day MA of 1.18, and above the 200-day MA of 1.08, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 34.79 is Neutral, neither overbought nor oversold. The STOCH value of 21.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GGO.
Galleon 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% | |
48 Neutral | C$91.02M | -9.89 | -48.06% | ― | ― | 0.24% | |
46 Neutral | C$46.70M | -9.13 | -139.98% | ― | ― | 26.32% | |
43 Neutral | C$24.51M | -2.15 | -30.37% | ― | ― | 57.73% | |
43 Neutral | C$186.80M | -3.89 | -64.67% | ― | ― | -56.24% | |
42 Neutral | C$140.56M | -11.14 | -19.51% | ― | ― | -636.36% | |
42 Neutral | C$29.45M | -2.52 | -276.59% | ― | 87.28% | -96.70% |
* General Sector Average
TSE:GGO
Galleon Gold
1.03
0.41
66.13%
TSE:GWM
Galway Metals
0.84
0.12
16.67%
TSE:GTCH
Getchell Gold Corp
0.23
-0.08
-26.98%
TSE:HMR
Homerun Resources
0.38
-0.50
-56.90%
TSE:GPAC
Great Pacific Gold
0.13
-0.32
-71.78%
TSE:TECT
Tectonic Metals
1.37
0.45
48.91%
Galleon Gold Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Galleon Gold Secures Up to $24.75 Million to Advance West Cache Project
Positive
Oct 19, 2026
Galleon Gold has arranged a $20 million bought-deal financing comprising flow-through and hard dollar common shares, alongside a concurrent $4.75 million non-brokered private placement to Pan American Silver. Proceeds from the flow-through shares ...
Business Operations and Strategy
Galleon Gold Expands Mineralized Envelope Around High-Grade Zone at West Cache
Positive
Oct 7, 2026
Galleon Gold reported new assay results from four step-out drill holes around the high-grade core of Zone #9 at its West Cache Gold Project, all of which intersected gold mineralization and confirmed a broad mineralized envelope around previously ...
Business Operations and Strategy
Galleon Gold Begins Underground Development for West Cache Bulk Sample
Positive
Sep 21, 2026
Galleon Gold has begun underground development at its West Cache Gold Project in Timmins, Ontario, marking a shift from permitting and surface work to ramp construction within a year. The company has completed the box cut and portal ground support...
Business Operations and Strategy
Galleon Gold Joins Gentile Mining Investor Forum to Spotlight West Cache Project
Positive
Sep 18, 2026
Galleon Gold will join more than 20 portfolio companies at the inaugural Gentile Mining Investor Forum in London on October 19, 2026, an event curated by prominent junior mining investor Michael Gentile in partnership with Amvest Capital. The full...
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.