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Lake Victoria Gold Ltd
(LVG)
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Rating:54Neutral
Price Target:
C$0.33
▲(0.61% Upside)
Action:Reiterated
Date:08/30/26
The score is held back primarily by weak financial performance driven by no revenue, ongoing losses, and significant cash burn that implies continued financing needs. This is partially offset by constructive technical momentum (price above major moving averages with positive MACD) and a balance sheet that still shows manageable leverage, while valuation remains difficult to support due to negative earnings and no dividend yield data.
Positive Factors
Manageable Leverage
Relatively modest leverage gives Lake Victoria Gold some financial flexibility while it advances projects, reducing balance-sheet strain compared with a highly debt-funded development model.
Negative Factors
No Revenue or Operating Scale
Zero revenue indicates the company remains pre-production or exploratory, leaving it without operating cash inflows and making future performance dependent on successful project development and eventual commercialization.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Relatively modest leverage gives Lake Victoria Gold some financial flexibility while it advances projects, reducing balance-sheet strain compared with a highly debt-funded development model.
Read all positive factors
Lake Victoria Gold Ltd (LVG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$62.79M
Dividend YieldN/A
Average Volume (3M)275.22K
Price to Earnings (P/E)―
Beta (1Y)0.76
Revenue GrowthN/A
EPS Growth-40.80%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding202,544,970
10 Day Avg. Volume197,736
30 Day Avg. Volume275,218
Financial Highlights & Ratios
PEG Ratio0.50
Price to Book (P/B)2.83
Price to Sales (P/S)0.00
P/FCF Ratio-11.00
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
Lake Victoria Gold Ltd Business Overview & Revenue Model
Company Description
Based in Vancouver, Canada, Lake Victoria Gold Ltd. is a junior mineral exploration entity, incorporated in 1937. This company, which adopted its current name in December 2023 after previously being known as Tembo Gold Corp., primarily acquires an...
How the Company Makes Money
null...
Lake Victoria Gold Ltd 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 | -15.82K | -22.41K | -33.35K | -29.49K | -27.59K | -25.13K |
| EBITDA | -4.50M | -3.29M | -3.02M | -2.88M | -2.14M | -1.89M |
| Net Income | -4.49M | -3.44M | -3.25M | -2.94M | -3.30M | -1.90M |
Balance Sheet | ||||||
| Total Assets | 21.71M | 18.50M | 8.90M | 7.43M | 7.18M | 7.58M |
| Cash, Cash Equivalents and Short-Term Investments | 3.32M | 1.87M | 31.39K | 627.11K | 2.26M | 650.48K |
| Total Debt | 3.08M | 1.02M | 1.00M | 345.20K | 353.50K | 44.00K |
| Total Liabilities | 4.53M | 2.10M | 3.84M | 1.18M | 1.12M | 563.61K |
| Stockholders Equity | 17.18M | 16.40M | 5.06M | 6.26M | 6.07M | 7.02M |
Cash Flow | ||||||
| Free Cash Flow | -6.36M | -4.22M | -782.49K | -4.07M | -7.05M | -1.64M |
| Operating Cash Flow | -5.68M | -4.22M | -775.96K | -2.17M | -4.67M | -1.49M |
| Investing Cash Flow | -1.22M | -1.40M | -884.08K | -1.90M | 4.42M | -142.38K |
| Financing Cash Flow | 10.02M | 7.46M | 1.06M | 2.47M | 2.14M | 2.24M |
Lake Victoria Gold Ltd Technical Analysis
Positive
0.33
Price Trends
0.28
Positive
0.29
Positive
0.28
Positive
Market Momentum
<0.01
Positive
53.37
Neutral
48.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LVG, the sentiment is Positive. The current price of 0.33 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.28, and above the 200-day MA of 0.28, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 53.37 is Neutral, neither overbought nor oversold. The STOCH value of 48.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:LVG.
Lake Victoria Gold Ltd 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$62.79M | -12.65 | -27.59% | ― | ― | -40.80% | |
51 Neutral | C$117.63M | -380.00 | -1.12% | ― | ― | 89.17% | |
49 Neutral | C$59.68M | -21.95 | -369.23% | ― | ― | -18.27% | |
47 Neutral | C$72.68M | -7.91 | -83.71% | ― | ― | 20.17% | |
43 Neutral | C$56.38M | -6.50 | -35.00% | ― | ― | 1.72% | |
42 Neutral | C$73.59M | -6.52 | -177.08% | ― | ― | 30.60% |
* General Sector Average
TSE:LVG
Lake Victoria Gold Ltd
0.31
0.08
37.78%
TSE:IVS
Inventus Mining
0.27
-0.04
-14.29%
TSE:GLDC
Cassiar Gold
0.45
0.18
66.67%
TSE:RPX
Red Pine Exploration
0.17
0.04
26.92%
TSE:AMQ
Abitibi Metals
0.76
0.53
223.40%
TSE:LVX
Leviathan Gold
0.49
0.08
21.25%
Lake Victoria Gold Ltd Corporate Events
Business Operations and Strategy
Lake Victoria Gold Hits High-Grade Shallow Gold at Imwelo as Metallurgical Work Advances
Positive
Aug 27, 2026
Lake Victoria Gold reported high-grade, near-surface drill results from the Area C zone at its Imwelo Gold Project in Tanzania, with intercepts including 28.71 g/t gold over 2.75 metres and 12.20 g/t gold over 4.50 metres. These results, from shal...
Business Operations and Strategy
Lake Victoria Gold Unveils Maiden Resource at Tembo Adjacent to Barrick Mine
Positive
Aug 11, 2026
Lake Victoria Gold has delivered a maiden NI 43-101 Mineral Resource Estimate for its 100%-owned Tembo Gold Project in Tanzania, immediately beside Barrick’s Bulyanhulu mine. The estimate outlines 480,100 ounces of Inferred resources and 99,...
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.