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Liberty Gold
(TSX:LGD)
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Rating:50Neutral
Price Target:
C$2.00
▲(2.56% Upside)
Action:Reiterated
Date:08/17/26
The score is held down primarily by weak financial performance (pre-revenue profile with sustained losses and material cash burn), only partly offset by a strong low-debt balance sheet. Technicals are constructive but appear overextended, and valuation is unattractive due to negative earnings and no dividend support.
Positive Factors
Very low leverage
Minimal debt reduces solvency and refinancing pressure while preserving financial flexibility for exploration, permitting, and technical work. This conservative capital structure can help Liberty Gold withstand prolonged pre-production spending and pursue funding or partnership options without substantial interest obligations.
Negative Factors
No established revenue base
Without operating revenue, Liberty Gold depends on financing and other project-related sources of capital to fund exploration and development. This leaves the business exposed to a prolonged path to production and means near-term progress has not yet translated into recurring operating income.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Minimal debt reduces solvency and refinancing pressure while preserving financial flexibility for exploration, permitting, and technical work. This conservative capital structure can help Liberty Gold withstand prolonged pre-production spending and pursue funding or partnership options without substantial interest obligations.
Read all positive factors
Liberty Gold (LGD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.06B
Dividend YieldN/A
Average Volume (3M)2.19M
Price to Earnings (P/E)42.6
Beta (1Y)2.63
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees18
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.03
Shares Outstanding549,316,500
10 Day Avg. Volume2,132,629
30 Day Avg. Volume2,194,396
Financial Highlights & Ratios
PEG Ratio-0.62
Price to Book (P/B)7.22
Price to Sales (P/S)0.00
P/FCF Ratio-13.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$4.30Price Target Upside120.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.03
Revenue Forecast (FY)C$2.00M
Liberty Gold Business Overview & Revenue Model
Company Description
Liberty Gold Corp. operates as an exploration-stage company focused on the acquisition, exploration, and advancement of mineral properties throughout Canada, the United States, and Turkey. The firm primarily targets deposits of gold, silver, lead,...
How the Company Makes Money
Liberty Gold is a pre-production exploration and development company, so it typically does not generate recurring revenue from selling gold unless it has an operating mine (null if/where not applicable for the period). Its economic model is primar...
Liberty Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -195.35K | -215.86K | -112.96K | -195.45K | -353.00K | -337.00K |
| EBITDA | -31.43M | -23.96M | -16.40M | -18.00M | -28.22M | -24.87M |
| Net Income | 19.48M | -23.86M | -18.14M | -20.19M | -21.10M | -30.29M |
Balance Sheet | ||||||
| Total Assets | 94.41M | 44.01M | 24.44M | 35.34M | 47.95M | 53.33M |
| Cash, Cash Equivalents and Short-Term Investments | 36.48M | 28.03M | 6.97M | 9.08M | 19.81M | 17.26M |
| Total Debt | 599.30K | 651.98K | 255.63K | 126.60K | 330.31K | 598.78K |
| Total Liabilities | 7.00M | 6.55M | 3.28M | 4.93M | 5.35M | 13.00M |
| Stockholders Equity | 87.41M | 37.47M | 21.16M | 27.64M | 38.95M | 32.80M |
Cash Flow | ||||||
| Free Cash Flow | -25.99M | -19.38M | -13.46M | -16.75M | -24.91M | -21.70M |
| Operating Cash Flow | -25.89M | -19.34M | -13.44M | -15.80M | -24.51M | -20.94M |
| Investing Cash Flow | 10.74M | 2.35M | 3.16M | -80.52K | 6.80M | 7.06M |
| Financing Cash Flow | 42.91M | 37.96M | 9.07M | 5.39M | 22.61M | 14.32M |
Liberty Gold Technical Analysis
Negative
1.95
Price Trends
1.99
Negative
1.75
Positive
1.55
Positive
Market Momentum
>-0.01
Negative
47.65
Neutral
74.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LGD, the sentiment is Negative. The current price of 1.95 is below the 20-day moving average (MA) of 1.96, below the 50-day MA of 1.99, and above the 200-day MA of 1.55, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.65 is Neutral, neither overbought nor oversold. The STOCH value of 74.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:LGD.
Liberty Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | C$710.68M | -121.95 | -5.10% | ― | ― | -11.93% | |
50 Neutral | C$1.06B | 42.63 | 37.94% | ― | ― | ― | |
50 Neutral | C$355.80M | -44.32 | -9.32% | ― | ― | -88.78% | |
49 Neutral | C$298.95M | -4.99 | -23.30% | ― | ― | 27.54% | |
44 Neutral | C$224.10M | -6.62 | -14.88% | ― | ― | -100.77% |
* Basic Materials Sector Average
TSE:LGD
Liberty Gold
1.93
1.19
160.81%
TSE:BYN
Banyan Gold
1.50
0.74
97.37%
TSE:NEXG
Treasury Metals
1.16
-0.26
-18.31%
TSE:GOLD
GoldMining
1.04
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-44.68%
TSE:SIG
Sitka Gold Corp.
0.82
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-22.64%
Liberty Gold Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Liberty Gold Files Feasibility Study for Black Pine Project in Idaho
Positive
Sep 19, 2026
Liberty Gold Corp. has filed a National Instrument 43-101 feasibility study technical report for its Black Pine oxide gold project in Idaho, marking a key milestone in advancing the past-producing heap leach operation toward potential construction...
Business Operations and StrategyFinancial Disclosures
Liberty Gold Feasibility Study Puts Black Pine Project at US$2.4 Billion NPV
Positive
Sep 8, 2026
Liberty Gold has released a feasibility study for its Black Pine oxide gold project in Idaho, outlining a 16-year mine life with average annual payable production of 202,000 ounces of gold in the first five years and 176,700 ounces over the life o...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Liberty Gold advances Black Pine project and secures fresh funding in Q2 2026
Positive
Aug 12, 2026
Liberty Gold reported second-quarter 2026 results highlighting steady advancement of its Black Pine Gold Project, including progress on a feasibility study, expansion of its 2026 drilling campaign to 50,000 metres, and key permitting steps with U....
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.