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Japan Gold
(JG)
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Rating:48Neutral
Price Target:
C$0.13
▲(115.00% Upside)
Action:Reiterated
Date:10/30/26
Overall score is constrained primarily by weak fundamentals: a pre-revenue model with persistent losses and ongoing cash burn increases financing risk despite a currently modest leverage profile. Technicals are a meaningful offset with price strength versus key moving averages and moderately positive momentum. Valuation is challenged by negative earnings and no dividend support.
Positive Factors
Equity cushion
A substantial equity base gives Japan Gold some financial capacity to continue exploration and absorb operating losses. This cushion is particularly relevant for an early-stage miner, where projects require sustained investment before any potential resource development or revenue generation.
Negative Factors
Pre-revenue business model
Japan Gold has no established operating revenue base, so its activities are not yet self-funded by product or service sales. The company must therefore create value through exploration success, partnerships, property transactions, or future development rather than current commercial operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Equity cushion
A substantial equity base gives Japan Gold some financial capacity to continue exploration and absorb operating losses. This cushion is particularly relevant for an early-stage miner, where projects require sustained investment before any potential resource development or revenue generation.
Read all positive factors
Japan Gold (JG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$35.36M
Dividend YieldN/A
Average Volume (3M)390.53K
Price to Earnings (P/E)―
Beta (1Y)1.04
Revenue GrowthN/A
EPS Growth31.25%
CountryCA
Employees21
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.01
Shares Outstanding307,441,530
10 Day Avg. Volume215,505
30 Day Avg. Volume390,529
Financial Highlights & Ratios
PEG Ratio-0.85
Price to Book (P/B)1.48
Price to Sales (P/S)0.00
P/FCF Ratio-9.43
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
Japan Gold Business Overview & Revenue Model
Company Description
Japan Gold Corp. is an exploration firm primarily dedicated to the discovery and assessment of gold deposits across Japan. The company manages a substantial portfolio of 31 gold-focused ventures, strategically situated on the major Japanese island...
How the Company Makes Money
Japan Gold does not appear to generate recurring operating revenue from the sale of products or services because it is primarily an exploration-stage company. Its economic model is typically centered on creating value by acquiring and advancing mi...
Japan Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
56
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -17.95K | -10.23K | -4.89K | -586.00K | -5.32K | -6.44K |
| EBITDA | -4.09M | -4.62M | -4.01M | -2.71M | -3.82M | -3.30M |
| Net Income | -4.32M | -4.99M | -4.16M | -3.27M | -3.94M | -3.33M |
Balance Sheet | ||||||
| Total Assets | 24.90M | 23.95M | 27.44M | 28.76M | 28.48M | 32.37M |
| Cash, Cash Equivalents and Short-Term Investments | 1.79M | 2.97M | 80.47K | 1.97M | 2.14M | 11.95M |
| Total Debt | 2.81M | 0.00 | 0.00 | 0.00 | 0.00 | 22.42K |
| Total Liabilities | 3.41M | 647.93K | 940.05K | 811.91K | 1.21M | 1.10M |
| Stockholders Equity | 21.49M | 23.30M | 26.50M | 27.95M | 27.27M | 31.27M |
Cash Flow | ||||||
| Free Cash Flow | -4.75M | -3.67M | -3.38M | -3.25M | -3.20M | -6.57M |
| Operating Cash Flow | -4.64M | -3.56M | -3.28M | -3.24M | -3.08M | -2.03M |
| Investing Cash Flow | 4.16M | 4.67M | -1.27M | -2.83M | -6.64M | -4.29M |
| Financing Cash Flow | -2.15M | 2.04M | 2.72M | 6.01M | -22.49K | 16.01M |
Japan Gold Technical Analysis
Positive
0.06
Price Trends
0.09
Positive
0.09
Positive
0.10
Positive
Market Momentum
<0.01
Positive
55.92
Neutral
73.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:JG, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.09, and below the 200-day MA of 0.10, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 55.92 is Neutral, neither overbought nor oversold. The STOCH value of 73.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:JG.
Japan 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% | |
54 Neutral | C$27.40M | 10.62 | 10.78% | ― | ― | ― | |
48 Neutral | C$35.36M | -8.04 | -18.49% | ― | ― | 31.25% | |
47 Neutral | C$59.30M | -18.92 | -12.18% | ― | ― | 61.72% | |
46 Neutral | C$51.11M | -37.21 | -3.04% | ― | ― | -172.58% | |
45 Neutral | C$68.07M | -16.15 | -9.17% | ― | ― | -72.04% | |
41 Neutral | C$31.76M | -1.83 | -44.03% | ― | ― | -761.62% |
* General Sector Average
TSE:JG
Japan Gold
0.12
-0.03
-17.86%
TSE:GFG
GFG Resources
0.17
0.02
15.86%
TSE:BRW
Brunswick Exploration
0.21
0.09
75.00%
TSE:WHN
Westhaven Ventures
0.26
0.07
36.84%
TSE:USGD
American Pacific Mining
0.12
-0.06
-32.96%
TSE:RDG
Ridgeline Minerals
0.19
-0.15
-44.93%
Japan Gold Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Japan Gold Shareholders Back Board Slate as Miner Expands Board and Confirms Leadership
Positive
Oct 23, 2026
Japan Gold Corp., the largest gold-focused mineral exploration company in Japan, leverages extensive in-country technical expertise and a decade of operational experience to explore underdeveloped but highly prospective geology. Its project-genera...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
Japan Gold Clarifies AGM Voting as Solidcore Alliance Expands Board
Positive
Oct 9, 2026
Japan Gold Corp. has clarified voting procedures for its upcoming October 22, 2026 annual general meeting after recent changes to its board linked to the Solidcore Alliance. The company said shareholders will vote on the existing seven incumbent d...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Japan Gold Secures $50 Million in Strategic Capital Through Solidcore Alliance and Royalty Deal
Positive
Sep 23, 2026
Japan Gold has entered a strategic alliance with Kazakhstan-listed gold producer Solidcore Resources, which will invest $35 million over 36 months to earn into five of Japan Gold’s projects through a staged joint-venture structure that can g...
Business Operations and Strategy
Japan Gold Advances Mizobe Project with Completion of 21.3 km Geophysical Survey
Positive
Aug 11, 2026
Japan Gold has completed a 21.3 line-kilometre CSAMT and AMT geophysical survey at its Mizobe Project in Kyushu, a priority exploration asset located about 23 kilometres south of Sumitomo Metal Mining’s high-grade Hishikari gold mine. The su...
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.