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Majestic Gold
(MJS)
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Rating:72Outperform
Price Target:
C$0.13
▲(28.00% Upside)
Action:Reiterated
Date:09/09/26
The score is driven primarily by solid financial performance (strong operating profitability, improving leverage, and rebounding cash generation), tempered by thinner recent net margins and uneven cash-flow conversion. Valuation is a meaningful positive due to the moderate P/E and very high dividend yield. Technicals are mixed: near-term momentum is strong, but the longer-term trend remains below the 200-day average and RSI indicates the move may be stretched.
Positive Factors
Revenue growth and operating profitability
Meaningful revenue growth alongside healthy gross and operating margins indicates that the producing business is generating stronger sales while retaining operating discipline. If sustained, this combination can support reinvestment in mine operations, strengthen resilience across the commodity cycle, and improve future earnings capacity.
Negative Factors
Thinner and more volatile net profitability
Thin TTM net profitability compared with stronger 2022–2024 levels suggests that revenue growth and operating strength are not translating consistently into bottom-line earnings. This volatility can reduce the predictability of retained cash, shareholder returns, and investment capacity through the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth and operating profitability
Meaningful revenue growth alongside healthy gross and operating margins indicates that the producing business is generating stronger sales while retaining operating discipline. If sustained, this combination can support reinvestment in mine operations, strengthen resilience across the commodity cycle, and improve future earnings capacity.
Read all positive factors
Majestic Gold (MJS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$163.46M
Dividend Yield12.73%
Average Volume (3M)331.47K
Price to Earnings (P/E)11.7
Beta (1Y)1.29
Revenue Growth22.69%
EPS Growth-20.87%
CountryCA
Employees86
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,421,388,200
10 Day Avg. Volume453,896
30 Day Avg. Volume331,473
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)0.76
Price to Sales (P/S)1.25
P/FCF Ratio9.90
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
Majestic Gold Business Overview & Revenue Model
Company Description
Majestic Gold Corp., a mining enterprise, is dedicated to the prospecting, advancement, and operational management of mineral properties across China, Australia, and Canada. The company's main focus is on identifying gold deposits. Its most signif...
How the Company Makes Money
Majestic Gold makes money primarily by producing and selling gold from its mining operations. The company’s main revenue stream is generated when mined ore is processed into gold-bearing product (e.g., dore/bullion) and sold, with revenue generall...
Majestic Gold Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 98.03M | 90.82M | 70.95M | 55.02M | 63.47M | 38.45M |
| Gross Profit | 56.12M | 47.48M | 36.36M | 26.57M | 33.88M | 21.71M |
| EBITDA | 50.39M | 44.37M | 36.83M | 26.35M | 34.01M | 18.21M |
| Net Income | 6.75M | 6.86M | 9.93M | 7.56M | 11.08M | 4.51M |
Balance Sheet | ||||||
| Total Assets | 395.10M | 339.70M | 187.93M | 187.23M | 139.61M | 128.04M |
| Cash, Cash Equivalents and Short-Term Investments | 214.99M | 166.79M | 11.81M | 15.21M | 12.31M | 6.35M |
| Total Debt | 30.10M | 49.66M | 131.83K | 4.29M | 4.38M | 4.81M |
| Total Liabilities | 99.86M | 98.46M | 28.21M | 34.93M | 30.27M | 35.23M |
| Stockholders Equity | 194.60M | 149.55M | 107.93M | 105.75M | 87.05M | 82.40M |
Cash Flow | ||||||
| Free Cash Flow | 18.14M | 11.51M | 20.55M | 13.67M | 22.85M | 6.51M |
| Operating Cash Flow | 40.79M | 31.45M | 28.53M | 24.49M | 30.29M | 15.46M |
| Investing Cash Flow | -25.19M | -24.29M | -8.39M | -3.67M | -15.10M | -8.04M |
| Financing Cash Flow | 93.75M | 58.00M | -15.47M | 32.04M | -1.48M | -6.95M |
Majestic Gold Technical Analysis
Positive
0.10
Price Trends
0.10
Positive
0.11
Positive
0.14
Negative
Market Momentum
<0.01
Negative
74.57
Negative
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MJS, the sentiment is Positive. The current price of 0.1 is below the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.10, and below the 200-day MA of 0.14, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 74.57 is Negative, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MJS.
Majestic Gold Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | C$163.46M | 11.69 | 4.37% | 12.73% | 22.69% | -20.87% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | C$493.65M | -23.55 | -184.16% | ― | ― | ― | |
50 Neutral | C$191.17M | -9.19 | -85.87% | ― | ― | -156.25% | |
45 Neutral | C$95.37M | -10.48 | -10.51% | ― | ― | -108.87% | |
40 Underperform | C$248.42M | -12.45 | -39.77% | ― | ― | -85.28% |
* General Sector Average
TSE:MJS
Majestic Gold
0.11
-0.05
-29.03%
TSE:MGG
Minaurum Gold
0.34
-0.05
-12.82%
TSE:NCAU
Newcore Gold
0.31
-0.44
-58.78%
TSE:CBR
Cabral Gold
1.54
1.08
234.78%
TSE:RVG
Revival Gold
0.91
0.21
30.00%
Majestic Gold Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Majestic Gold Posts Strong Q2 2026 Results and Declares Special Dividend
Positive
Aug 31, 2026
Majestic Gold reported strong financial results for the six months ended June 30, 2026, with revenue rising 23.2% to $52.7 million and net income up 25.5% to $12.6 million, despite a 24.3% drop in gold output due to a temporary regional suspension...
Business Operations and StrategyLegal ProceedingsShareholder Meetings
Majestic Gold Resolves Governance Dispute as Director Nominations Withdrawn
Positive
Aug 27, 2026
Majestic Gold Corp. reported that shareholder Fan Zhong Kong has withdrawn his advance notice of director nominations ahead of the company’s annual general meeting scheduled for late September. The move removes a potential source of governan...
Business Operations and StrategyM&A Transactions
Majestic Gold to Sell Mujin Project Stake for US$25.9 Million
Positive
Aug 26, 2026
Majestic Gold Corp. plans to dispose of its indirect 52% stake in Yantai City Mujin Mining Company, which owns the Mujin Gold Project in China’s Shandong Province, for total cash consideration of about US$25.9 million, including repayment 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.