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Treasury Metals
(NEXG)
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Rating:49Neutral
Price Target:
C$1.00
▼(-34.21% Downside)
Action:Reiterated
Date:09/18/26
The score is held down primarily by very weak financial performance (no revenue, widening losses, and heavy ongoing cash burn). Technical indicators are comparatively positive and provide some support, but valuation remains constrained by negative earnings and the absence of dividend yield data.
Positive Factors
Low Leverage
Very low leverage limits dependence on debt financing and reduces interest-related pressure while projects advance. This gives Treasury Metals more flexibility to fund exploration and development through equity or strategic alternatives without carrying a heavy debt burden.
Negative Factors
No Operating Revenue
The absence of operating revenue means Treasury Metals currently lacks recurring cash inflows from gold production. Until a project reaches production or is monetized, the company remains dependent on financing and asset advancement rather than internally generated operating income.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage limits dependence on debt financing and reduces interest-related pressure while projects advance. This gives Treasury Metals more flexibility to fund exploration and development through equity or strategic alternatives without carrying a heavy debt burden.
Read all positive factors
Treasury Metals (NEXG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$298.95M
Dividend YieldN/A
Average Volume (3M)713.63K
Price to Earnings (P/E)―
Beta (1Y)2.26
Revenue GrowthN/A
EPS Growth27.54%
CountryCA
Employees22
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.23
Shares Outstanding257,716,370
10 Day Avg. Volume261,923
30 Day Avg. Volume713,632
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)1.23
Price to Sales (P/S)0.00
P/FCF Ratio-8.22
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)-0.11
Revenue Forecast (FY)C$213.00M
Treasury Metals Business Overview & Revenue Model
Company Description
NeXGold Mining Corp. is a Canadian enterprise primarily engaged in the exploration and advancement of gold projects. Central to its operations is the Goliath Gold Complex, a fully-owned, high-grade gold deposit. This advanced-stage asset, located ...
How the Company Makes Money
Treasury Metals is a pre-revenue (or limited-revenue) mineral exploration/development company whose business model is to create value by discovering, defining, and advancing gold resources toward a development decision rather than earning steady o...
Treasury Metals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -844.74K | -836.44K | -455.83K | -202.38K | -235.74K | -124.54K |
| EBITDA | -49.69M | -37.83M | -18.16M | -12.26M | -20.19M | -15.01M |
| Net Income | -49.51M | -40.99M | -19.59M | -13.39M | -20.29M | -15.93M |
Balance Sheet | ||||||
| Total Assets | 251.48M | 256.45M | 191.48M | 117.68M | 123.74M | 132.17M |
| Cash, Cash Equivalents and Short-Term Investments | 102.58M | 109.17M | 20.28M | 10.10M | 16.68M | 10.78M |
| Total Debt | 7.59M | 7.82M | 25.30M | 16.94M | 18.41M | 5.41M |
| Total Liabilities | 21.11M | 15.77M | 32.21M | 18.22M | 19.65M | 9.40M |
| Stockholders Equity | 230.37M | 240.68M | 159.27M | 99.46M | 104.09M | 122.76M |
Cash Flow | ||||||
| Free Cash Flow | -39.30M | -36.10M | -15.07M | -11.32M | -17.81M | -17.96M |
| Operating Cash Flow | -39.12M | -35.93M | -15.02M | -11.31M | -17.79M | -17.82M |
| Investing Cash Flow | 23.90M | 6.08M | 24.75M | -13.56K | 14.20M | 150.62K |
| Financing Cash Flow | 107.95M | 101.19M | -2.76M | 4.73M | 9.52M | 23.33M |
Treasury Metals Technical Analysis
Negative
1.52
Price Trends
1.43
Negative
1.34
Negative
1.49
Negative
Market Momentum
-0.06
Positive
29.83
Positive
24.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NEXG, the sentiment is Negative. The current price of 1.52 is above the 20-day moving average (MA) of 1.32, above the 50-day MA of 1.43, and above the 200-day MA of 1.49, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 29.83 is Positive, neither overbought nor oversold. The STOCH value of 24.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NEXG.
Treasury Metals Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | C$288.61M | -57.38 | -1.96% | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$298.95M | -4.99 | -23.30% | ― | ― | 27.54% | |
45 Neutral | C$331.51M | -55.68 | -4.25% | ― | ― | -101.53% | |
44 Neutral | C$224.10M | -6.62 | -14.88% | ― | ― | -100.77% | |
44 Neutral | C$530.21M | -8.97 | -38.19% | ― | ― | -302.12% | |
40 Underperform | C$204.01M | -4.70 | -91.31% | ― | ― | -117.38% |
* General Sector Average
TSE:NEXG
Treasury Metals
1.16
-0.24
-17.14%
TSE:TUD
Tudor Gold
0.70
-0.14
-16.67%
TSE:GOLD
GoldMining
1.04
-0.89
-46.11%
TSE:AUMB
1911 Gold
0.57
-0.41
-41.84%
TSE:AUXX
Gold X2 Mining
5.24
2.00
61.73%
TSE:WGO
White Gold
1.47
0.52
53.93%
Treasury Metals Corporate Events
Business Operations and Strategy
NexGold Advances Feasibility, Engineering and Early Works at Goldboro Gold Project
Positive
Oct 27, 2026
NexGold Mining Corp. reported steady progress on key development activities at its Goldboro Gold Project in Nova Scotia through mid-October 2026. The company is advancing toward an updated Feasibility Study, detailed engineering, and early constru...
Business Operations and StrategyPrivate Placements and Financing
NexGold Sets Warrant Expiry and Issues Shares to Sprott Under Royalty Deal
Neutral
Oct 9, 2026
NexGold Mining Corp. has reminded holders of common share purchase warrants issued in a November 2024 flow-through private placement that the warrants will expire at 5:00 p.m. Toronto time on November 6, 2026. Each warrant allows the purchase of o...
Business Operations and Strategy
NexGold’s Goldlund Drilling Confirms High-Grade Gold and Strengthens Geological Model
Positive
Sep 23, 2026
NexGold Mining Corp. reported new diamond drilling results from Zone 4 of the Goldlund deposit within its Goliath Gold Complex in Ontario, highlighting high-grade intercepts such as 14.07 g/t gold over 7.0 metres and 9.76 g/t gold over 8.0 metres....
Business Operations and Strategy
NexGold Expands Goldlund Drill Program After High-Grade Ontario Intercepts
Positive
Aug 25, 2026
NexGold Mining Corp. has reported strong diamond drilling results from Zone 4 of the Goldlund deposit in Ontario, including intersections such as 3.08 g/t gold over 17.0 metres and 84.30 g/t gold over 1.0 metre. These holes infill and extend miner...
Business Operations and Strategy
NexGold Extends High-Grade Gold Intercepts and Expands Drilling at Goldlund Deposit
Positive
Aug 25, 2026
NexGold Mining Corp. reported strong new diamond drilling results from Zone 4 of the Goldlund deposit in Ontario, including notable high-grade intercepts such as 3.08 g/t gold over 17.0 metres and 84.30 g/t gold over 1.0 metre. These holes were de...
Business Operations and StrategyPrivate Placements and Financing
NexGold’s Infill Drilling at Goldboro Confirms High-Grade Near-Surface Gold
Positive
Aug 19, 2026
NexGold reported new assay results from its expanded 40,000‑metre reverse circulation infill drilling program at the Goldboro Gold Project, with highlights including intersections of 5.26 g/t gold over 7.0 metres and 7.08 g/t gold over 5.0 m...
Business Operations and StrategyFinancial Disclosures
NexGold Widens Q2 Loss as it Accelerates Goldboro and Goliath Development
Neutral
Aug 13, 2026
NexGold reported a Q2 2026 net loss of $16.0 million, driven mainly by increased exploration and project development spending, while ending the quarter with $101.1 million in cash and short-term investments to fund its growth plans. Management emp...
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.