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Leocor Gold (LECR) AI Stock Analysis

TSE:LECR

Leocor Gold

(CNQX:LECR)

Select Model
Rating:55Neutral
Price Target:CAD 0.26â–²(2.40% Upside)
Action:reiterated
Date:10/01/26

The score is held back primarily by weak financial performance—zero reported revenue, ongoing negative EBIT, and persistent operating/free cash flow burn—despite a debt-free balance sheet and a recent TTM net income swing. Technicals are moderately supportive with the price above key moving averages, while valuation appears cheap on P/E but is less compelling given the underlying cash-flow and operating risks.

Positive Factors
Debt-Free Balance SheetA debt-free balance sheet reduces refinancing pressure and interest obligations, giving Leocor greater flexibility during exploration cycles. This financial structure can help preserve capital for geological programs and limit the impact of higher borrowing costs over the next several quarters.
Negative Factors
No Reported RevenueZero reported revenue indicates Leocor is not yet supported by recurring operating receipts from a producing business. As a result, financial progress depends on exploration outcomes and external funding, making durable earnings visibility and self-funded growth difficult.

Leocor Gold (LECR) vs. iShares MSCI Canada ETF (EWC)

-50%0%50%100%150%200%250%300%TSE:LECR+85.19%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 8.11M
Dividend Yield
―
Average Volume (3M)
43.78K
Price to Earnings (P/E)
0.7
Beta (1Y)
0.62
Revenue Growth
―
EPS Growth
―
Country
Canada
Employees
0
Sector
Basic Materials
Sector Strength
61
Industry
Other Precious Metals

Leocor Gold Business Overview & Revenue Model

Company Description

Based in Vancouver, Canada, Leocor Gold Inc. is an exploration-stage company, originally incorporated in 2018 and known as Leocor Ventures Inc. until its name change in August 2020. The company's primary focus is the acquisition and exploration of pr...

How the Company Makes Money

Leocor Gold’s business model is typical of an early-stage mineral explorer: it generally does not generate stable operating revenue from selling gold because it is focused on exploration rather than production. Instead, value (and potential monetizat...

Leocor Gold Financial Statement Overview

Summary

Overall fundamentals are weak: revenue is consistently reported at zero, EBIT is negative across all periods (including TTM), and operating/free cash flow are persistently negative, indicating ongoing cash burn. The main offset is a debt-free balance sheet with positive equity and a recent swing to positive TTM net income/ROE, but the lack of cash flow support raises concerns about earnings quality and sustainability.

Income Statement

24Negative

Balance Sheet

58Neutral

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMJan 2026Jan 2025Jan 2024Jan 2023Jan 2022
Income Statement
Total Revenue000000
Gross Profit000000
EBITDA1.84M-1.61M862.71K-280.29K17.09K-2.34M
Net Income4.61M-1.77M-110.00K-8.14M-507.00K-2.45M
Balance Sheet
Total Assets9.26M8.52M9.55M7.25M15.44M15.22M
Cash, Cash Equivalents and Short-Term Investments5.35M4.76M6.87M3.81M5.50M9.18M
Total Debt000000
Total Liabilities592.35K460.80K339.60K215.29K525.68K634.93K
Stockholders Equity8.67M8.06M9.21M7.04M14.91M14.58M
Cash Flow
Free Cash Flow-243.08K-648.33K-383.51K-1.69M-3.84M-3.65M
Operating Cash Flow-1.14M-648.33K-383.51K-85.19K-731.76K-1.92M
Investing Cash Flow-166.23K-1.20M-3.13M-1.61M-3.11M-1.68M
Financing Cash Flow5.23M615.83K2.25M0159.70K10.62M

Leocor Gold Technical Analysis

Technical Analysis SentimentNegative
Last Price0.25

Price Trends

50DMA0.25Negative
100DMA0.27Negative
200DMA0.24Positive

Market Momentum

MACD0.01Positive
RSI44.48Neutral
STOCH22.22Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LECR, the sentiment is Negative. The current price of 0.25 is below the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.25, and above the 200-day MA of 0.24, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 44.48 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:LECR.

Leocor Gold Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

TSE:LECR against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
TSE:LECRTSE:LECR55NeutralCAD 12.51M0.7538.32%―――
TSE:XGCTSE:XGC42NeutralCAD 31.83M-6.8798.13%――-382.47%
TSE:MASSTSE:MASS37UnderperformCAD 2.71M-1.74-208.79%――6.54%
TSE:GLDTSE:GLD34UnderperformCAD 2.75M-9.93-30.67%――77.51%

* Basic Materials Sector Average

Performance Comparison

0%100%200%300%TSE:LECRTSE:XGCTSE:GLDTSE:MASSTSE:FASDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:LECR and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:LECRLeocor Gold Inc0.250.1185.19%
TSE:XGCXali Gold Corp.0.190.11150.67%
TSE:GLDGoldON Resources0.04-0.02-33.33%
TSE:MASSMasivo Silver Corp.0.04-0.07-68.18%
TSE:FASFirst Andes Silver Ltd0.07-0.01-13.33%

Leocor Gold Corporate Events

Business Operations and StrategyStock Split

Leocor Mining Plans 10-for-1 Share Consolidation to Boost Investor Appeal

Positive
Sep 4, 2026

Leocor Mining Inc., a junior precious metals explorer based in British Columbia, operates a portfolio of gold-copper projects in Atlantic Canada’s Baie Verte Mining District. Its holdings, assembled through ownership and earn-in agreements, inc...

Business Operations and StrategyPrivate Placements and Financing

Leocor Mining Raises $2.5 Million in Rights Offering to Fund Baie Verte Exploration

Positive
Aug 27, 2026

Leocor Mining Inc. has closed its previously announced rights offering, issuing 250,212,402 common shares at $0.01 per share for gross proceeds of about $2.5 million. The financing substantially increases the company’s share count to 500,424,80...

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: Oct 01, 2026