Want to see TSE:HVG full AI Analyst Report?
Top Page
Harvest Gold
(HVG)
Select Model
Select Model
Rating:44Neutral
Price Target:
C$0.02
▼(-52.00% Downside)
Action:Reiterated
Date:10/24/26
The score is driven primarily by weak financial performance (no revenue and ongoing cash burn), only partly mitigated by a debt-free balance sheet and higher equity. Technicals further weigh on the score, with the stock trading below all major moving averages and negative MACD. Valuation provides limited support because the negative P/E is tied to continued losses and there is no dividend yield.
Positive Factors
Debt-free balance sheet
Zero debt reduces financial leverage and near-term interest or refinancing pressure, giving Harvest Gold greater flexibility while it advances exploration. This clean capital structure can help preserve available funds for geological work and other corporate priorities.
Negative Factors
No operating revenue
The absence of operating revenue leaves Harvest Gold dependent on external capital or successful project monetization rather than internally generated sales. Persistent operating losses also show that exploration spending currently has no recurring revenue base to offset it.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero debt reduces financial leverage and near-term interest or refinancing pressure, giving Harvest Gold greater flexibility while it advances exploration. This clean capital structure can help preserve available funds for geological work and other corporate priorities.
Read all positive factors
Harvest Gold (HVG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$4.48M
Dividend YieldN/A
Average Volume (3M)117.21K
Price to Earnings (P/E)―
Beta (1Y)1.54
Revenue GrowthN/A
EPS Growth82.89%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding179,004,790
10 Day Avg. Volume220,930
30 Day Avg. Volume117,210
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)2.05
Price to Sales (P/S)0.00
P/FCF Ratio-2.38
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
Harvest Gold Business Overview & Revenue Model
Company Description
Harvest Gold Corporation operates as an exploration-stage enterprise, concentrating its efforts on discovering, evaluating, and advancing natural resource properties. The company primarily targets copper-gold porphyry deposits. Harvest Gold posses...
How the Company Makes Money
Harvest Gold’s business model is primarily exploration-stage: it generally does not generate recurring operating revenue from product sales unless and until it successfully develops a mine or monetizes a discovery. As an exploration company, it ty...
Harvest Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 1.21M | -357.01K | -262.55K | -308.26K | -726.09K |
| Net Income | -696.23K | -2.63M | -464.00K | -435.00K | -594.00K |
Balance Sheet | |||||
| Total Assets | 3.64M | 1.03M | 2.79M | 3.04M | 3.51M |
| Cash, Cash Equivalents and Short-Term Investments | 596.40K | 170.69K | 311.84K | 514.81K | 819.03K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 196.09K | 290.95K | 212.48K | 79.10K | 112.90K |
| Stockholders Equity | 3.44M | 737.21K | 2.57M | 2.96M | 3.39M |
Cash Flow | |||||
| Free Cash Flow | -2.96M | -436.69K | -335.01K | -524.88K | -2.95M |
| Operating Cash Flow | -1.10M | -436.69K | -225.03K | -227.28K | -665.50K |
| Investing Cash Flow | -1.86M | -396.69K | 22.06K | -76.94K | -2.33M |
| Financing Cash Flow | 3.39M | 692.23K | 0.00 | 0.00 | 2.99M |
Harvest Gold Technical Analysis
Negative
0.05
Price Trends
0.04
Negative
0.04
Negative
0.05
Negative
Market Momentum
>-0.01
Positive
9.57
Positive
-30.56
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HVG, the sentiment is Negative. The current price of 0.05 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 9.57 is Positive, neither overbought nor oversold. The STOCH value of -30.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:HVG.
Harvest 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% | |
45 Neutral | C$6.13M | 2.14 | 314.44% | ― | ― | ― | |
45 Neutral | C$2.02M | -6.41 | -51.35% | ― | ― | 25.49% | |
44 Neutral | C$4.48M | -3.25 | -15.70% | ― | ― | 82.89% | |
43 Neutral | C$5.21M | -1.60 | -149.04% | 625.00% | ― | 28.81% | |
42 Neutral | C$4.14M | -229.36 | -0.67% | 446.15% | ― | ― | |
42 Neutral | C$4.97M | -0.94 | -143.34% | ― | ― | -369.11% |
* General Sector Average
TSE:HVG
Harvest Gold
0.03
-0.06
-68.75%
TSE:WINS
Winshear Gold
0.08
-0.03
-25.00%
TSE:TRU
TRU Precious Metals Corp.
0.03
-0.01
-28.57%
TSE:VGD
Visible Gold Mines
0.17
0.04
34.15%
TSE:GCN
Goldcliff Resource
0.03
-0.03
-54.55%
TSE:EDGM
Edgemont Gold Corp.
0.18
0.00
0.00%
Harvest Gold Corporate Events
Business Operations and Strategy
Harvest Gold delays Mosseau drilling as talks with Lac Simon First Nation continue
Neutral
Oct 5, 2026
Harvest Gold has delayed the start of drilling at the central area of its Mosseau property after the Lac Simon First Nation requested a pause and further discussions. The company agreed to postpone its originally preferred October 5 start date as ...
Business Operations and StrategyRegulatory Filings and Compliance
Harvest Gold Secures 100% Ownership of Urban Barry Gold Project in Quebec
Positive
Sep 21, 2026
Harvest Gold Corporation has acquired full ownership of its Urban Barry Property in Quebec’s Abitibi region after meeting all cash, share and exploration expenditure commitments under an option agreement with EGR Exploration. The company now...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Harvest Gold Shareholders Back Board, Auditor and Stock Option Plan at AGM
Positive
Sep 4, 2026
Harvest Gold Corporation reported that all resolutions at its September 4 annual general meeting were approved, with more than 99% of votes cast in favour and 10.08% of outstanding common shares represented. Shareholders confirmed a five-member bo...
Business Operations and StrategyRegulatory Filings and Compliance
Harvest Gold Delays Mosseau Drilling to Finalize Lac Simon First Nation Agreements
Negative
Aug 17, 2026
Harvest Gold has delayed the start of its second drill program at the Mosseau property in Quebec after the Lac Simon First Nation requested that drilling be postponed until two agreements under negotiation are finalized. Although the company holds...
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.