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Nevgold Corp
(NAU)
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Rating:43Neutral
Price Target:
C$0.62
▼(-60.82% Downside)
Action:Reiterated
Date:10/22/26
The score is primarily weighed down by weak financial performance (no revenue, widening losses, and accelerating cash burn) and bearish technical conditions (price below all key moving averages with negative momentum indicators). A low-debt balance sheet provides some stability, but negative earnings and no dividend data limit valuation support.
Positive Factors
Low Leverage
Minimal debt reduces fixed financial obligations and solvency pressure while Nevgold advances its exploration portfolio. This gives the company more flexibility to direct available capital toward geological work and project evaluation rather than servicing substantial borrowings.
Negative Factors
No Operating Revenue
The absence of operating revenue means Nevgold has not yet established a recurring cash-generating business. Its ability to fund exploration and create value therefore depends on external financing or future project transactions until a revenue-generating asset emerges.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Minimal debt reduces fixed financial obligations and solvency pressure while Nevgold advances its exploration portfolio. This gives the company more flexibility to direct available capital toward geological work and project evaluation rather than servicing substantial borrowings.
Read all positive factors
Nevgold Corp (NAU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$92.69M
Dividend YieldN/A
Average Volume (3M)298.31K
Price to Earnings (P/E)―
Beta (1Y)2.72
Revenue GrowthN/A
EPS Growth-48.92%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.08
Shares Outstanding174,878,500
10 Day Avg. Volume201,555
30 Day Avg. Volume298,309
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)2.82
Price to Sales (P/S)0.00
P/FCF Ratio-31.55
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
Nevgold Corp Business Overview & Revenue Model
Company Description
NevGold Corp. is dedicated to the discovery and advancement of mineral properties. The company's primary focus is on unearthing gold, silver, and other valuable polymetallic deposits. It holds interests in the Limousine Butte and Cedar Wash projec...
How the Company Makes Money
Nevgold Corp does not have publicly available information indicating it generates recurring operating revenue from producing mines. Its business model is primarily value creation through mineral exploration: (1) acquiring and maintaining mineral p...
Nevgold Corp Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
64
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2026 | Dec 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -67.96K | -70.22K | -68.88K | -67.91K | -62.45K | -9.14K |
| EBITDA | -7.41M | -5.26M | -3.35M | -2.25M | -2.44M | -2.89M |
| Net Income | -9.89M | -7.78M | -3.47M | -2.59M | -2.53M | -2.89M |
Balance Sheet | ||||||
| Total Assets | 78.55M | 37.70M | 29.32M | 22.28M | 18.42M | 11.11M |
| Cash, Cash Equivalents and Short-Term Investments | 46.80M | 9.58M | 1.14M | 151.52K | 2.50M | 2.76M |
| Total Debt | 37.15K | 1.96M | 3.31M | 210.74K | 272.77K | 301.50K |
| Total Liabilities | 1.80M | 4.69M | 5.76M | 2.47M | 825.73K | 608.56K |
| Stockholders Equity | 76.91M | 33.18M | 22.75M | 18.81M | 17.60M | 10.50M |
Cash Flow | ||||||
| Free Cash Flow | -5.44M | -2.96M | -2.04M | -1.12M | -2.04M | -2.22M |
| Operating Cash Flow | -5.44M | -2.96M | -2.04M | -1.12M | -2.01M | -1.24M |
| Investing Cash Flow | -22.07M | -3.65M | -2.11M | -2.12M | -4.28M | -2.85M |
| Financing Cash Flow | 55.44M | 15.07M | 5.14M | 875.97K | 6.02M | 6.88M |
Nevgold Corp Technical Analysis
Negative
1.58
Price Trends
1.05
Negative
1.49
Negative
1.59
Negative
Market Momentum
-0.14
Negative
25.71
Positive
18.61
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NAU, the sentiment is Negative. The current price of 1.58 is above the 20-day moving average (MA) of 0.73, above the 50-day MA of 1.05, and below the 200-day MA of 1.59, indicating a bearish trend. The MACD of -0.14 indicates Negative momentum. The RSI at 25.71 is Positive, neither overbought nor oversold. The STOCH value of 18.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NAU.
Nevgold Corp Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | C$119.00M | 8.31 | 33.26% | ― | 120.16% | 150.72% | |
57 Neutral | C$175.78M | -10.17 | -55.99% | ― | ― | -55.72% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | C$336.56M | -10.82 | -284.95% | ― | ― | -2078.18% | |
43 Neutral | C$92.69M | -6.97 | -23.08% | ― | ― | -48.92% | |
42 Neutral | C$23.93M | -0.60 | -98.11% | ― | ― | -153.31% | |
41 Neutral | C$41.20M | -1.49 | -31.80% | ― | 6.78% | 19.11% |
* General Sector Average
TSE:NAU
Nevgold Corp
0.53
-0.17
-24.29%
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Nevgold Corp Corporate Events
Business Operations and StrategyExecutive/Board Changes
NevGold Adds Veteran Engineer Sean Waller to Board as Projects Enter Engineering Phase
Positive
Oct 26, 2026
NevGold Corp has appointed veteran mineral processing engineer Sean I. Waller to its Board of Directors as the company enters the Engineering Phase of project development. Waller brings over 40 years of international experience in executive manage...
Business Operations and StrategyFinancial Disclosures
NevGold Extends High-Grade Oxide Gold-Antimony Mineralization at Limousine Butte
Positive
Oct 22, 2026
NevGold Corp reported new drill results from its 2026 program at the Limousine Butte project in Nevada, extending high-grade oxide gold-antimony mineralization by more than 100 meters east of the existing Resurrection Ridge resource. The company n...
Business Operations and Strategy
NevGold Defines New Drill Targets at Idaho’s Nutmeg Mountain Gold Project
Positive
Sep 29, 2026
NevGold has completed gravity and CSAMT geophysical surveys at its 100% owned Nutmeg Mountain Gold Project in Idaho, defining six near-surface gold targets and three deeper feeder structures in a low-sulphidation epithermal system. The work suppor...
Business Operations and StrategyExecutive/Board Changes
NevGold Mourns Founding Director Tim Dyhr, Moves to Fill Board Vacancy
Negative
Sep 23, 2026
NevGold Corp. has announced the death of board member and founding director Tim Dyhr, a widely respected mining executive whose career included permitting more than a dozen copper and gold mines across North and South America and leading a landmar...
Business Operations and Strategy
NevGold expands high-grade oxide gold and antimony mineralization at Nevada’s Limo Butte
Positive
Sep 17, 2026
NevGold Corp reported new assay results from its 2026 drill program at the Limousine Butte project in Nevada, highlighting significant expansions of oxide gold mineralization both inside and outside the existing mineral resource pit shell. Key int...
Business Operations and StrategyExecutive/Board Changes
NevGold reshapes leadership team as projects move into advanced development
Positive
Sep 3, 2026
NevGold Corp. has appointed veteran mining finance executive Dale Found as its new chief financial officer and reassigned current CFO Bob McKnight to the newly created role of vice-president of engineering studies. The moves are aimed at supportin...
Business Operations and StrategyRegulatory Filings and Compliance
NevGold Confirms Maiden Resource at Nevada Gold-Antimony Project
Positive
Aug 31, 2026
NevGold Corp has filed an NI 43-101 technical report supporting its maiden mineral resource estimate for the Limousine Butte gold-antimony project in Nevada. The report confirms previously disclosed figures and outlines one of the larger oxide gol...
Business Operations and Strategy
NevGold Extends High-Grade Antimony-Gold Resource at Nevada’s Limousine Butte
Positive
Aug 25, 2026
NevGold Corp reported assays from the first three drillholes of its 2026 program at the Limousine Butte Project in Nevada, showing significant oxide antimony-gold mineralization outside the existing resource model. These holes, drilled in the Bull...
Business Operations and StrategyShareholder Meetings
NevGold changes auditor and seeks corporate continuance to British Columbia
Neutral
Aug 7, 2026
NevGold Corp. has replaced Smythe LLP with Manning Elliott LLP as its external auditor, following Smythe’s decision to withdraw from future audits of public companies. The board accepted Smythe’s resignation on August 7, 2026, and appo...
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.