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Greenheart Gold Inc. (GHRT) AI Stock Analysis

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TSE:GHRT

Greenheart Gold Inc.

(TSXV:GHRT)

Select Model
Rating:44Neutral
Price Target:CAD 0.58â–¼(-3.00% Downside)
Action:reiterated
Date:10/31/26

The score is primarily constrained by weak financial performance (no revenue, widening losses, and sustained cash burn), with bearish technicals reinforcing downside risk (price below key moving averages and negative MACD). The main stabilizer is the debt-free balance sheet with a stronger equity base, but valuation metrics provide limited support due to negative earnings and no dividend yield data.

Positive Factors
Debt-free balance sheetThe absence of debt reduces refinancing and interest obligations, preserving financial flexibility while the company develops its assets. This structure may help management direct available capital toward operations and exploration rather than servicing lenders over the next several quarters.
Negative Factors
No revenue and widening lossesZero revenue combined with sharply widening net losses indicates that Greenheart has not yet established an operating earnings base. Continued losses weaken earnings quality, increase reliance on external capital, and make near-term profitability difficult without meaningful business progress.

Greenheart Gold Inc. (GHRT) vs. iShares MSCI Canada ETF (EWC)

-60%-40%-20%0%20%40%60%TSE:GHRT-33.33%EWC+21.04%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
CAD 128.67M
Dividend Yield
―
Average Volume (3M)
123.40K
Price to Earnings (P/E)
-4.8
Beta (1Y)
1.80
Revenue Growth
―
EPS Growth
-42.18%
Country
Canada
Employees
0
Sector
General
Sector Strength
55
Industry
Gold

Greenheart Gold Inc. Business Overview & Revenue Model

Company Description

Greenheart Gold Inc. is an exploration company dedicated to identifying gold opportunities across the Guiana Shield in South America. Its principal undertaking involves the exploration of the Majorodam Project, located within Suriname. The firm was e...

How the Company Makes Money

null

Greenheart Gold Inc. Financial Statement Overview

Summary

Overall financial profile is weak due to no revenue, negative gross profit, and widening net losses in TTM (net income -$20.4M vs. -$18.2M in 2025). Cash flow is a key risk with consistently negative operating cash flow and free cash flow (TTM OCF -$17.1M; FCF -$18.0M). The main offset is a conservatively financed balance sheet with zero debt and a materially higher equity base in TTM, which reduces near-term solvency risk.

Income Statement

12Very Negative

Balance Sheet

58Neutral

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025
Income Statement
Total Revenue000
Gross Profit-158.92K-141.08K-64.31K
EBITDA-21.39M-16.95M-4.24M
Net Income-20.44M-18.18M-4.30M
Balance Sheet
Total Assets83.70M32.72M48.07M
Cash, Cash Equivalents and Short-Term Investments80.36M30.00M46.43M
Total Debt000
Total Liabilities2.23M2.12M926.69K
Stockholders Equity81.47M30.60M47.14M
Cash Flow
Free Cash Flow-18.05M-13.48M-2.62M
Operating Cash Flow-17.13M-13.17M-2.50M
Investing Cash Flow-1.20M-2.60M-190.15K
Financing Cash Flow59.02M212.25K49.12M

Greenheart Gold Inc. Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.60

Price Trends

50DMA0.67Negative
100DMA0.75Negative
200DMA0.89Negative

Market Momentum

MACD-0.03Negative
RSI48.29Neutral
STOCH46.35Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GHRT, the sentiment is Neutral. The current price of 0.60 is above the 20-day moving average (MA) of 0.59, below the 50-day MA of 0.67, and below the 200-day MA of 0.89, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 48.29 is Neutral, neither overbought nor oversold. The STOCH value of 46.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:GHRT.

Greenheart Gold Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TSE:GHRT against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TSE:CCMTSE:CCM49NeutralCAD 148.27M-41.31-5.89%――-30.17%
TSE:FMANTSE:FMAN46NeutralCAD 84.15M-28.26-7.47%――44.71%
TSE:GHRTTSE:GHRT44NeutralCAD 120.09M-4.78-46.33%――-42.18%
TSE:ABITSE:ABI41NeutralCAD 69.18M-2.02588.69%――-41.48%
TSE:AGCTSE:AGC40UnderperformCAD 116.33M-3.34-116.78%――-50.16%
TSE:SPATSE:SPA39UnderperformCAD 121.62M-27.59-3.94%――-79.59%

* General Sector Average

Performance Comparison

0%100%200%TSE:GHRTTSE:ABITSE:CCMTSE:AGCTSE:SPATSE:FMANDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TSE:GHRT and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:GHRTGreenheart Gold Inc.0.60-0.29-32.58%
TSE:ABIAbcourt Mines0.05-0.01-13.79%
TSE:CCMCanagold Resources Ltd.0.660.2351.72%
TSE:AGCValorem Resources Inc0.34-0.08-19.05%
TSE:SPASpanish Mountain Gold Ltd.0.240.1192.00%
TSE:FMANFreeman Gold Corporation0.260.0844.44%

Greenheart Gold Inc. Corporate Events

Business Operations and Strategy

Greenheart Gold Extends Heuvel West Strike and Confirms New Gowtu Target at Majorodam

Positive
Oct 29, 2026

Greenheart Gold Inc. has reported the remaining assay results from its 2026 shallow reverse circulation drilling program at the Majorodam Project in Suriname, completing a 147‑hole, 10,421‑meter campaign. The program targeted extensions of known gold...

Business Operations and Strategy

Greenheart Gold Starts Diamond Drilling at Tosso Creek After Strong Trench Results

Positive
Aug 20, 2026

Greenheart Gold has launched a 2,000‑metre diamond drilling program at its Tosso Creek Project in Suriname, starting at the Walaba target and moving to the Swalanga target to test structural controls and continuity of gold mineralization at depth. Th...

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 31, 2026