Kestrel Gold (KGC) AI Stock Analysis

Kestrel Gold

(TSXV:KGC)

Select Model

Rating:44Neutral

Price Target:CAD 0.02▼(-4.00% Downside)

Action:reiterated

Date:09/25/26

The score is primarily constrained by weak financial performance (pre-revenue, widening losses, and ongoing cash burn) despite a debt-free balance sheet. Technicals also weigh on the score with the stock trading below major moving averages. Valuation is difficult to support from earnings given the negative P/E and no indicated dividend yield.

Positive Factors

Debt-Free Balance SheetThe absence of debt materially lowers solvency and refinancing risk, preserving financial flexibility while the company develops its business. A debt-free structure also avoids interest obligations that could further pressure cash during the current loss-making and pre-revenue stage.

Negative Factors

Pre-Revenue BusinessThe lack of revenue means the company has not yet demonstrated product commercialization, customer demand, or a repeatable income stream. Without operating sales, future progress depends on converting development activity into revenue while continuing to fund corporate expenses.

Kestrel Gold (KGC) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 2.72M
Dividend Yield: ―
Average Volume (3M): 72.34K
Price to Earnings (P/E): -4.8
Beta (1Y): 1.13
Revenue Growth: ―
EPS Growth: -126.09%
Country: Canada
Employees: 0
Sector: General
Sector Strength: 55
Industry: Gold

Kestrel Gold Business Overview & Revenue Model

Company Description

Kestrel Gold Inc. is a mineral exploration firm based in Canada, primarily focused on the acquisition, assessment, and prospecting for gold deposits. The company fully owns the King Solomon Dome project, which is situated in the Yukon Territory. Addi...

How the Company Makes Money

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Kestrel Gold Financial Statement Overview

Summary

Fundamentals are weak: the company is pre-revenue with persistent and widening net losses (TTM ~-560k vs FY2025 ~-460k) and consistently negative operating/free cash flow (TTM OCF/FCF ~-148k). The main offset is a debt-free balance sheet (0 debt; 0.0 debt-to-equity), which reduces solvency risk, but equity has declined materially over time, signaling ongoing burn/dilution risk.

Income Statement

12Very Negative

Balance Sheet

58Neutral

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0	0	0	0	0	0
Gross Profit	0	0	0	0	0	0
EBITDA	-562.44K	-459.96K	-228.33K	260.82K	-241.18K	-62.14K
Net Income	-560.39K	-459.96K	-308.00K	-168.00K	-632.00K	-290.00K
Balance Sheet
Total Assets	981.47K	1.10M	1.18M	1.36M	1.51M	2.04M
Cash, Cash Equivalents and Short-Term Investments	141.41K	154.48K	130.58K	201.04K	461.00K	1.18M
Total Debt	0	0	0	0	0	0
Total Liabilities	63.05K	35.81K	38.58K	95.71K	111.17K	132.17K
Stockholders Equity	918.42K	1.06M	1.14M	1.26M	1.40M	1.91M
Cash Flow
Free Cash Flow	-147.54K	-113.59K	-143.88K	-259.96K	-766.90K	-913.00K
Operating Cash Flow	-147.54K	-113.59K	-143.88K	-141.15K	-233.77K	-277.49K
Investing Cash Flow	100.00K	100.00K	83.57K	-118.81K	-533.13K	-635.51K
Financing Cash Flow	37.50K	37.50K	-10.16K	0	50.41K	1.73M

Kestrel Gold Technical Analysis

Technical Analysis SentimentNegative

Last Price0.03

Price Trends

50DMA0.03Negative

100DMA0.03Negative

200DMA0.03Negative

Market Momentum

MACD-0.00Positive

RSI44.36Neutral

STOCH-100.00Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KGC, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 44.36 is Neutral, neither overbought nor oversold. The STOCH value of -100.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:KGC.

Kestrel Gold Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TSE:KGC against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TSE:GGC	48Neutral	CAD 4.60M	1.70	462.78%	―	―	―
TSE:CCMC	44Neutral	CAD 18.36M	-4.97	-299.64%	―	―	-253.02%
TSE:VG	44Neutral	CAD 5.53M	-5.06	-76.11%	―	―	63.10%
TSE:KGC	44Neutral	CAD 2.72M	-4.81	-56.16%	―	―	-126.09%
TSE:RFR	39Underperform	CAD 7.06M	-7.50	123.33%	―	―	4.17%
TSE:NSG	38Underperform	CAD 5.55M	-4.27	-24.21%	―	―	26.13%

* General Sector Average

Performance Comparison

TSE:KGC and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:KGC	Kestrel Gold	0.03	-0.03	-50.00%
TSE:RFR	Renforth Resources	0.01	-0.01	-25.00%
TSE:VG	Volcanic Gold Mines Inc	0.09	-0.03	-22.50%
TSE:CCMC	Xander Resources	0.43	0.26	147.13%
TSE:GGC	Generic Gold Corp.	0.07	0.01	7.69%
TSE:NSG	Northstar Gold Corp.	0.04	-0.01	-30.00%

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: Sep 25, 2026

Kestrel Gold AI Stock Analysis