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K2 Gold
(KTO)
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Rating:48Neutral
Price Target:
C$0.70
▼(-21.89% Downside)
Action:Reiterated
Date:10/21/26
The score is held back primarily by weak financial performance (no revenue, widening losses, and heavy cash burn) despite low leverage. Technicals provide a modest offset with the price trading above major moving averages, though negative MACD limits conviction. Valuation remains challenged due to negative earnings and no dividend support.
Positive Factors
Low Leverage
Very low debt reduces fixed financial obligations and near-term solvency pressure, while leaving the company less constrained by interest costs. That balance-sheet conservatism gives management greater flexibility to direct available capital toward exploration, although it does not offset operating cash needs.
Negative Factors
No Revenue Base
Revenue remains $0 across all reported periods, so the company has no operating sales base to fund exploration internally. Until a project reaches production or another recurring revenue source emerges, financial progress depends on advancing discoveries and securing capital rather than demonstrated commercial cash inflows.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low debt reduces fixed financial obligations and near-term solvency pressure, while leaving the company less constrained by interest costs. That balance-sheet conservatism gives management greater flexibility to direct available capital toward exploration, although it does not offset operating cash needs.
Read all positive factors
K2 Gold (KTO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$162.30M
Dividend YieldN/A
Average Volume (3M)203.19K
Price to Earnings (P/E)―
Beta (1Y)2.12
Revenue GrowthN/A
EPS Growth-489.74%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.04
Shares Outstanding242,238,850
10 Day Avg. Volume204,945
30 Day Avg. Volume203,194
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)6.99
Price to Sales (P/S)0.00
P/FCF Ratio-33.86
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
K2 Gold Business Overview & Revenue Model
Company Description
K2 Gold Corporation operates as an emerging mineral exploration firm, focusing on the acquisition, investigation, and assessment of prospective gold sites across Canada and the United States. Its premier asset is the Mojave Gold project, an approx...
K2 Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
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 | -12.48K | 0.00 | 0.00 | -13.52K | -5.01K | 0.00 |
| EBITDA | -10.13M | -4.90M | 1.66M | 0.00 | -1.06M | -1.61M |
| Net Income | -9.59M | -4.84M | -800.90K | -1.08M | -1.24M | -1.82M |
Balance Sheet | ||||||
| Total Assets | 41.42M | 18.42M | 18.46M | 16.77M | 13.03M | 14.12M |
| Cash, Cash Equivalents and Short-Term Investments | 31.09M | 10.85M | 132.79K | 195.16K | 313.22K | 2.85M |
| Total Debt | 93.63K | 0.00 | 0.00 | 40.00K | 40.00K | 40.00K |
| Total Liabilities | 1.38M | 377.22K | 110.44K | 297.82K | 216.53K | 378.35K |
| Stockholders Equity | 40.04M | 18.05M | 18.35M | 16.47M | 12.81M | 13.74M |
Cash Flow | ||||||
| Free Cash Flow | -8.67M | -3.73M | -883.52K | -1.06M | -2.58M | -4.55M |
| Operating Cash Flow | -8.51M | -3.73M | -883.52K | -1.06M | -951.54K | -1.26M |
| Investing Cash Flow | -604.34K | -1.65M | -1.75M | -3.80M | -1.59M | -3.30M |
| Financing Cash Flow | 39.68M | 16.10M | 2.57M | 4.75M | 0.00 | 0.00 |
K2 Gold Technical Analysis
Negative
0.90
Price Trends
0.82
Negative
0.78
Negative
0.77
Negative
Market Momentum
-0.02
Positive
39.10
Neutral
16.04
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KTO, the sentiment is Negative. The current price of 0.9 is above the 20-day moving average (MA) of 0.75, above the 50-day MA of 0.82, and above the 200-day MA of 0.77, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 39.10 is Neutral, neither overbought nor oversold. The STOCH value of 16.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:KTO.
K2 Gold Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$212.78M | 9.99 | 34.79% | ― | 95.04% | 247.07% | |
69 Neutral | C$221.42M | 16.92 | 29.83% | 200.50% | 58.33% | ― | |
58 Neutral | C$97.74M | 17.30 | 23.88% | ― | ― | 62.95% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | C$162.30M | -14.99 | -29.15% | ― | ― | -489.74% | |
44 Neutral | C$111.51M | -4.15 | -46.33% | ― | ― | -42.18% | |
43 Neutral | C$78.40M | -22.85 | -8.73% | ― | ― | -66.29% |
* General Sector Average
TSE:KTO
K2 Gold
0.67
0.28
69.62%
TSE:OGN
Orogen Royalties
3.73
1.58
73.49%
TSE:GG
Golconda Gold
2.98
1.10
58.51%
TSE:WVM
West Kirkland Mining
1.35
-0.43
-24.16%
TSE:XTG
Xtra-Gold Resource
2.11
-1.23
-36.83%
TSE:GHRT
Greenheart Gold Inc.
0.52
-0.83
-61.48%
K2 Gold Corporate Events
Business Operations and Strategy
K2 Gold Extends High-Grade Dragonfly Trend and Uncovers New Gold-Copper Zones at Mojave
Positive
Oct 8, 2026
K2 Gold reported results from 346 rock samples collected during its 2026 surface exploration program at the Mojave project in California, expanding its understanding of multiple targets including Dragonfly, Flores, Soda Ridge and Stega. The work i...
Business Operations and Strategy
K2 Gold Extends High-Grade Oxide Gold Zone at Mojave’s Dragonfly Target
Positive
Sep 22, 2026
K2 Gold reported new drilling results from the Dragonfly Zone at its wholly owned Mojave Project, confirming multiple stacked, west-dipping gold-bearing structures with significant high-grade oxide intervals. The latest four holes from pad DF-G, l...
Business Operations and Strategy
K2 Gold Finds Highly Soluble Oxide Gold at Mojave’s Dragonfly Zone
Positive
Sep 16, 2026
K2 Gold reported strong initial gold-solubility results from the Dragonfly zone at its Mojave Project in California, with 211 mineralized samples from seven 2026 drill holes returning an aggregate AuCN/AuFA ratio of 97.1 percent. These results, su...
Business Operations and Strategy
K2 Gold Extends High-Grade Oxide Gold at Mojave’s Dragonfly Zone
Positive
Sep 9, 2026
K2 Gold has reported new drilling results from four holes at the Dragonfly Zone on its Mojave Project, confirming multiple stacked, west-dipping high-grade oxide gold structures. The latest intercepts include 27.43m grading 4.08 g/t gold and 3.05m...
Business Operations and Strategy
K2 Gold Extends High-Grade Oxide Gold Mineralization at Mojave’s Dragonfly Zone
Positive
Aug 18, 2026
K2 Gold has reported strong initial drilling results from the Dragonfly Zone at its Mojave Project, highlighting high-grade oxide gold intercepts from the first three holes of a fully permitted and funded 14,000 metre program. The new holes, drill...
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.