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Mayfair Gold
(MFG)
Select Model
Select Model
Rating:50Neutral
Price Target:
C$4.50
▲(2.27% Upside)
Action:Reiterated
Date:08/26/26
The score is held down primarily by weak financial performance (no revenue, worsening losses, and significant ongoing cash burn), which increases reliance on future financing. Offsetting this, technicals are constructive with the stock trading above key moving averages and a positive MACD, though overbought indicators temper the outlook. Corporate events modestly support the score via strengthened project execution leadership, while valuation remains constrained by negative earnings and no dividend.
Positive Factors
Minimal Debt
A debt-free balance sheet limits refinancing pressure and interest obligations while Mayfair advances Fenn-Gib. This provides greater flexibility to fund exploration and technical work, although future development may still require external capital.
Negative Factors
Pre-Revenue Business Model
With no operating revenue or producing-mine cash flow, Mayfair depends on exploration milestones and capital markets to fund its activities. This makes financial progress highly dependent on successfully advancing Fenn-Gib toward development.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal Debt
A debt-free balance sheet limits refinancing pressure and interest obligations while Mayfair advances Fenn-Gib. This provides greater flexibility to fund exploration and technical work, although future development may still require external capital.
Read all positive factors
Mayfair Gold (MFG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$292.72M
Dividend YieldN/A
Average Volume (3M)229.69K
Price to Earnings (P/E)―
Beta (1Y)1.02
Revenue GrowthN/A
EPS Growth-120.53%
CountryCA
Employees13
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.32
Shares Outstanding67,138,500
10 Day Avg. Volume83,133
30 Day Avg. Volume229,688
Financial Highlights & Ratios
PEG Ratio1.00
Price to Book (P/B)5.54
Price to Sales (P/S)0.00
P/FCF Ratio-32.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$8.25Price Target Upside87.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.22
Revenue Forecast (FY)N/A
Mayfair Gold Business Overview & Revenue Model
Company Description
Mayfair Gold Corp. operates as an exploration firm dedicated to the acquisition, evaluation, and development of mineral properties. Its principal holding is the entirely owned Fenn-Gib gold project, covering an expanse of 4,800 hectares. This proj...
How the Company Makes Money
Mayfair Gold is an exploration-stage company; specific, recurring operating revenue from product sales is not publicly available (null). The company’s economic model is typically to create value by advancing its mineral assets (notably the Fenn-Gi...
Mayfair Gold Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
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 | -31.42K | -30.43K | -58.52K | -78.98K | -15.75M | -9.79M |
| EBITDA | -21.36M | -10.43M | -11.04M | -19.02M | -21.30M | -12.81M |
| Net Income | -20.70M | -9.96M | -12.68M | -15.95M | -15.06M | -10.26M |
Balance Sheet | ||||||
| Total Assets | 42.28M | 53.27M | 24.49M | 28.49M | 21.81M | 27.37M |
| Cash, Cash Equivalents and Short-Term Investments | 22.95M | 38.19M | 9.53M | 13.50M | 6.79M | 12.04M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 9.97K | 68.83K |
| Total Liabilities | 2.84M | 1.17M | 749.93K | 2.55M | 2.51M | 2.03M |
| Stockholders Equity | 39.45M | 52.11M | 23.74M | 25.95M | 19.30M | 25.33M |
Cash Flow | ||||||
| Free Cash Flow | -21.55M | -8.90M | -13.84M | -16.78M | -16.46M | -12.74M |
| Operating Cash Flow | -18.99M | -8.89M | -13.84M | -16.76M | -16.35M | -12.56M |
| Investing Cash Flow | 355.70K | 35.34K | -221.00 | -25.50K | -116.43K | -186.02K |
| Financing Cash Flow | 38.70M | 37.51M | 9.87M | 23.51M | 11.21M | 22.65M |
Mayfair Gold Technical Analysis
Positive
4.40
Price Trends
3.71
Positive
3.85
Positive
4.39
Negative
Market Momentum
0.21
Negative
57.96
Neutral
55.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MFG, the sentiment is Positive. The current price of 4.4 is above the 20-day moving average (MA) of 4.14, above the 50-day MA of 3.71, and above the 200-day MA of 4.39, indicating a neutral trend. The MACD of 0.21 indicates Negative momentum. The RSI at 57.96 is Neutral, neither overbought nor oversold. The STOCH value of 55.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MFG.
Mayfair Gold 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% | |
55 Neutral | C$1.06B | -17.94 | -38.19% | ― | ― | -302.12% | |
52 Neutral | C$307.77M | -7.09 | -91.31% | ― | ― | -117.38% | |
51 Neutral | C$400.97M | -55.68 | -9.32% | ― | ― | -88.78% | |
50 Neutral | C$292.72M | -13.70 | -42.82% | ― | ― | -120.53% | |
50 Neutral | C$497.31M | -84.47 | -4.25% | ― | ― | -101.53% | |
49 Neutral | C$391.59M | -6.58 | -23.30% | ― | ― | 27.54% |
* General Sector Average
TSE:MFG
Mayfair Gold
4.36
0.58
15.34%
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Mayfair Gold Corporate Events
Business Operations and StrategyExecutive/Board Changes
Mayfair Gold Bolsters Fenn-Gib Leadership With New Project and Sustainability Chiefs
Positive
Aug 24, 2026
Mayfair Gold has appointed Desmond Tranquilla as Chief Projects Officer and Ruben Wallin as Senior Vice President, Sustainability as the Fenn-Gib gold project moves toward a construction decision. The new executives bring more than six decades of ...
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.