Want to see TSE:IGO full AI Analyst Report?
IGO Stock Chart & Stats
C$0.18
>-C$0.01(-4.17%)
At close: 4:00 PM EDT
C$0.18
>-C$0.01(-4.17%)
Day’s Range― - ―
52-Week RangeC$0.08 - C$0.22
Previous CloseN/A
Volume65.10K
Average Volume (3M)630.01K
Market Cap
C$47.51M
Enterprise ValueC$21.82
Total Cash (Recent Filing)C$3.96M
Total Debt (Recent Filing)C$92.19K
Price to Earnings (P/E)―
Beta1.88
Next Earnings
Dec 01, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.02
Shares Outstanding263,947,850
10 Day Avg. Volume878,925
30 Day Avg. Volume630,010
Financial Highlights & Ratios
PEG Ratio1.20
Price to Book (P/B)2.37
Price to Sales (P/S)0.00
P/FCF Ratio-3.64
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
Bulls Say, Bears Say
Bulls Say
Conservatively Levered Balance SheetMinimal debt reduces fixed financial obligations and near-term solvency pressure, giving Independence Gold greater flexibility while it advances exploration projects. This provides a stronger financial base than heavy leverage would, although it does not eliminate the need to fund ongoing cash consumption.
Improving Free Cash Flow TrendThe improvement in free cash flow versus 2025 suggests some progress in controlling or absorbing exploration spending. If sustained, better cash-flow direction could extend funding flexibility, but the company remains structurally cash-consuming and has not yet reached self-funding operations.
Focused Canadian Gold Exploration MandateA clearly defined focus on Canadian gold and associated precious metals gives the company a consistent strategic mandate for geological surveys, sampling, drilling, and technical studies. Concentrating resources on exploration-stage projects may support disciplined project advancement, though commercial success remains unproven.
Bears Say
No Operating RevenueThe absence of operating revenue means Independence Gold cannot currently fund its business through mineral production or demonstrate operating leverage. Financial progress therefore depends on exploration success and access to capital, leaving earnings visibility and the path to sustainable profitability highly uncertain.
Persistent And Widening Operating LossesDeep recurring losses indicate that exploration spending is not yet producing an earnings base and that operating performance has weakened over the measured period. Continued losses can erode shareholder value and make future growth increasingly dependent on successful project advancement or external funding.
Recurring Cash Burn And Equity ErosionSubstantial recurring cash burn creates continuing funding requirements, while declining equity shows the cumulative effect of losses on the financial base. Unless spending slows or projects begin generating revenue, additional financing may be needed, increasing dilution risk and reducing capital-allocation flexibility.
Independence Gold News
IGO FAQ
What was Independence Gold Corp’s price range in the past 12 months?
Independence Gold Corp lowest stock price was C$0.08 and its highest was C$0.22 in the past 12 months.
What is Independence Gold Corp’s market cap?
Independence Gold Corp’s market cap is C$47.51M.
When is Independence Gold Corp’s upcoming earnings report date?
Independence Gold Corp’s upcoming earnings report date is Dec 01, 2026 which is in 75 days.
How were Independence Gold Corp’s earnings last quarter?
Independence Gold Corp released its earnings results on Aug 20, 2026. The company reported -C$0.01 earnings per share for the quarter.
Is Independence Gold Corp overvalued?
According to Wall Street analysts Independence Gold Corp’s price is currently Overvalued.
Does Independence Gold Corp pay dividends?
Independence Gold Corp does not currently pay dividends.
What is Independence Gold Corp’s EPS estimate?
Independence Gold Corp’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Independence Gold Corp have?
Independence Gold Corp has 263,947,850 shares outstanding.
What happened to Independence Gold Corp’s price movement after its last earnings report?
Independence Gold Corp reported an EPS of -C$0.01 in its last earnings report. Following the earnings report the stock price went up 3.333%.
Which hedge fund is a major shareholder of Independence Gold Corp?
Currently, no hedge funds are holding shares in TSE:IGO
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Independence Gold Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Technicals
SMA
Positive
20 days / 200 days
Momentum
5.88%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-13.95%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Independence Gold Corp
Independence Gold Corp., established in Vancouver, Canada, in 2011, specializes in the acquisition, exploration, and assessment of sites prospective for gold and silver deposits across North America. The company wholly owns several significant properties, including the 3Ts project, which encompasses 15 mineral claims spanning approximately 5,200 hectares within British Columbia's central Nechako Plateau. It also holds full ownership of the Moosehorn property, consisting of 82 quartz mining claims covering about 1,720 hectares in the Yukon's Whitehorse mining district. Additionally, Independence Gold Corp. maintains ownership stakes in the Boulevard project, an extensive property featuring roughly 958 quartz mining claims across approximately 19,960 hectares, also situated in the Whitehorse mining district, Yukon. Furthermore, the company possesses an option to acquire a 60% stake in two British Columbia properties located in the Spences Bridge Gold Belt: the Merit property, comprising four mineral claims over approximately 1,907 hectares, and the Nicoamen property, which includes nine mineral claims totaling about 3,332 hectares.
Technical Analysis
Irving Resources
―
Rackla Metals
―
Radius Gold
―
Sarama Resources
―
New Break Resources Ltd.
―