Northstar Gold (NSG) AI Stock Analysis

Northstar Gold

(CNQX:NSG)

Select Model

Rating:42Neutral

Price Target:CAD 0.03▼(-2.86% Downside)

Action:reiterated

Date:10/31/26

Low financial performance from absent revenue and cash burn dominates the score, with mixed technical signals and poor valuation providing little support.

Positive Factors

Low LeverageMinimal debt relative to equity and assets limits near-term solvency pressure and leaves the company less exposed to interest costs or refinancing constraints. This provides financial flexibility while Northstar advances exploration, although it does not remove the need to fund ongoing losses.

Negative Factors

Pre-Revenue BusinessWith no revenue generated across the reported periods, Northstar has not yet demonstrated commercial traction, recurring income, or operating leverage. The absence of a revenue base leaves future funding dependent on exploration progress and the eventual ability to establish economically productive assets.

Northstar Gold (NSG) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 3.65M
Dividend Yield: ―
Average Volume (3M): 179.71K
Price to Earnings (P/E): -4.3
Beta (1Y): -0.43
Revenue Growth: ―
EPS Growth: 26.13%
Country: Canada
Employees: 4
Sector: Basic Materials
Sector Strength: 61
Industry: Gold

Northstar Gold Business Overview & Revenue Model

Company Description

Northstar Gold Corp. is an exploration company focused on identifying, evaluating, and developing mineral properties across Canada. Among its key assets is the flagship Miller Gold property, an extensive 1,100-hectare site situated southeast of Kirkl...

Northstar Gold Financial Statement Overview

Summary

Zero revenue and ongoing net losses with deeply negative cash flows indicate weak profitability and high operational risk, partially offset by a clean balance sheet with minimal debt and stable equity.

Income Statement

18Very Negative

Balance Sheet

78Positive

Cash Flow

22Negative

Financial statement breakdown
Breakdown	TTM	Jul 2026	Jul 2025	Jul 2024	Jul 2023	Jul 2022
Income Statement
Total Revenue	0	0	0	0	0	0
Gross Profit	-56	0	-59	-780	-876	-1,060
EBITDA	-1.52M	-1.50M	-1.26M	-1.32M	-1.47M	-2.51M
Net Income	-1.53M	-1.53M	-1.47M	-1.54M	-1.47M	-2.37M
Balance Sheet
Total Assets	5.59M	5.59M	4.99M	5.01M	5.29M	5.42M
Cash, Cash Equivalents and Short-Term Investments	590.09K	590.09K	43.39K	109.84K	263.84K	709.00K
Total Debt	0	40.94K	0	0	60.00K	60.00K
Total Liabilities	646.48K	646.48K	715.93K	434.48K	467.15K	461.74K
Stockholders Equity	4.95M	4.95M	4.28M	4.57M	4.82M	4.96M
Cash Flow
Free Cash Flow	-1.20M	-1.21M	-1.24M	-1.35M	-1.81M	-2.57M
Operating Cash Flow	-1.20M	-1.20M	-1.24M	-1.35M	-1.72M	-2.49M
Investing Cash Flow	-13.03K	-13.03K	-5,765	-4,701	-93.20K	-75.00K
Financing Cash Flow	1.76M	1.76M	1.18M	1.20M	1.37M	2.02M

Northstar Gold Technical Analysis

Technical Analysis SentimentNeutral

Last Price0.04

Price Trends

50DMA0.04Negative

100DMA0.04Negative

200DMA0.05Negative

Market Momentum

MACD-0.00Negative

RSI54.10Neutral

STOCH33.33Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NSG, the sentiment is Neutral. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 54.10 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:NSG.

Northstar Gold Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

TSE:NSG against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
TSE:VGD	50Neutral	CAD 6.13M	2.14	314.44%	―	―	―
TSE:ZFR	45Neutral	CAD 7.46M	-22.38	-5.75%	―	―	-34.78%
TSE:KGC	44Neutral	CAD 2.72M	-4.81	-56.16%	―	―	-126.09%
TSE:NSG	42Neutral	CAD 5.55M	-4.27	-24.21%	―	―	26.13%
TSE:GCN	41Neutral	CAD 2.02M	-6.41	-51.35%	―	―	25.49%

* Basic Materials Sector Average

Performance Comparison

TSE:NSG and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:NSG	Northstar Gold Corp.	0.04	-0.01	-30.00%
TSE:KGC	Kestrel Gold	0.03	-0.03	-50.00%
TSE:VGD	Visible Gold Mines	0.17	0.04	34.15%
TSE:GCN	Goldcliff Resource	0.03	-0.03	-54.55%
TSE:EDW.H	Edgewater Exploration	0.07	-0.03	-33.33%
TSE:ZFR	Zephyr Minerals	0.08	0.02	33.33%

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.

Date of analysis: Oct 31, 2026

Northstar Gold AI Stock Analysis