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Nevgold Corp
(NAU)
Select Model
Select Model
Rating:43Neutral
Price Target:
C$0.98
▼(-37.72% Downside)
Action:Reiterated
Date:09/16/26
The score is primarily weighed down by weak financial performance (no revenue, widening losses, and accelerating cash burn) and bearish technical signals (price below major moving averages with negative MACD). A low-debt balance sheet provides some stability, but the negative P/E underscores ongoing unprofitability and limits valuation support.
Positive Factors
Low leverage supports financial flexibility
Minimal debt reduces solvency pressure and limits the need to devote future project proceeds to interest or principal payments. This gives Nevgold greater flexibility to direct available capital toward exploration and property advancement, although it does not remove the need for funding.
Negative Factors
No operating revenue
The absence of operating revenue means Nevgold has not yet demonstrated a self-funding business model or recurring cash inflows from production. Until exploration produces a transaction or development outcome, continued activities depend on external capital and successful project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage supports financial flexibility
Minimal debt reduces solvency pressure and limits the need to devote future project proceeds to interest or principal payments. This gives Nevgold greater flexibility to direct available capital toward exploration and property advancement, although it does not remove the need for funding.
Read all positive factors
Nevgold Corp (NAU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$202.86M
Dividend YieldN/A
Average Volume (3M)372.51K
Price to Earnings (P/E)―
Beta (1Y)2.43
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. Volume311,143
30 Day Avg. Volume372,512
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 | -2.31M | -2.44M | -2.88M |
| 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
1.63
Negative
1.99
Negative
1.60
Negative
Market Momentum
-0.16
Positive
21.48
Positive
11.36
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 1.42, below the 50-day MA of 1.63, and below the 200-day MA of 1.60, indicating a bearish trend. The MACD of -0.16 indicates Positive momentum. The RSI at 21.48 is Positive, neither overbought nor oversold. The STOCH value of 11.36 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 |
|---|---|---|---|---|---|---|---|
87 Outperform | C$123.05M | 8.71 | 33.26% | ― | 120.16% | 150.72% | |
57 Neutral | C$226.14M | -13.58 | -55.99% | ― | ― | -55.72% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$336.24M | -11.38 | -284.95% | ― | ― | -2078.18% | |
44 Neutral | C$74.16M | -2.58 | -31.80% | ― | 6.78% | 19.11% | |
43 Neutral | C$202.86M | -13.42 | -23.08% | ― | ― | -48.92% | |
41 Neutral | C$48.45M | -1.27 | -125.61% | ― | ― | -153.31% |
* General Sector Average
TSE:NAU
Nevgold Corp
1.02
0.74
264.29%
TSE:ELR
Eastern Platinum
0.35
0.08
30.19%
TSE:SCOT
Scottie Resources Corp
2.87
1.13
64.94%
TSE:VIPR
Silver Viper Minerals
0.43
-0.39
-48.17%
TSE:PGLD
P2 Gold
1.21
0.97
404.17%
TSE:EMPR
Empress Royalty
0.92
0.02
2.22%
Nevgold Corp Corporate Events
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...
Business Operations and StrategyDividends
Source Rock Royalties Declares Monthly Dividend and Grants RSUs to Management
Positive
Jul 16, 2026
Source Rock Royalties has declared a monthly cash dividend of $0.0065 per common share, payable on August 14, 2026 to shareholders of record on July 31, 2026, and designated it as an eligible dividend for Canadian tax purposes. The distribution un...
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.