Patagonia Gold AI Stock Analysis
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Patagonia Gold (PGDC) AI Stock Analysis
Patagonia Gold
(TSXV:PGDC)
Patagonia Gold scores poorly, driven primarily by a high-risk financial profile: negative gross margins, persistent net losses, negative shareholders' equity of about -$14.5 million, roughly $70 million of debt, and free cash flow of about -$41.7 million, leaving the company dependent on external funding. The share price reinforces this caution, trading below all major moving averages with negative MACD momentum following a steep decline, though the oversold RSI and stochastic readings suggest the selling has been severe. Valuation provides no offset, with negative earnings and no dividend. The modest positives - returning revenue growth, narrowing operating losses, and a rapidly expanding asset base - make this a speculative, execution-dependent story that requires a successful production ramp to repair the balance sheet.
Patagonia Gold (PGDC) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 138.58M
- Dividend Yield
- ―
- Average Volume (3M)
- 103.00K
- Price to Earnings (P/E)
- -11.5
- Beta (1Y)
- 2.42
- Revenue Growth
- 31.35%
- EPS Growth
- 20.45%
- Country
- Canada
- Employees
- 154
- Sector
- General
- Sector Strength
- 55
- Industry
- Other Precious Metals
Patagonia Gold Business Overview & Revenue Model
Company Description
Patagonia Gold Corp. operates as a mining and exploration firm primarily dedicated to discovering, extracting, and advancing mineral deposits throughout Argentina. Its flagship asset is the Calcatreu project, situated in south-central Rio Negro Provi...
How the Company Makes Money
Patagonia Gold makes money primarily by producing and selling gold and silver (and, where applicable, associated by-products) from its mining operations. Revenue is generated when ore is mined and processed into saleable metal (typically as doré or c...
Patagonia Gold Financial Statement Overview
Summary
Financials are very weak across all three statements. Revenue has recovered to roughly $11.4 million (up ~16%), and operating and EBITDA losses have narrowed, but the company still sells below cost with a negative gross margin of about -6% and a net loss of -$8.4 million (about -74% of revenue). The balance sheet is the biggest concern: shareholders' equity has swung to a deficit of about -$14.5 million while total debt has tripled to roughly $70 million, or 66% of assets. Cash flow is similarly strained, with operating cash flow negative for six straight years (-$5.4 million TTM) and free cash flow deteriorating to about -$41.7 million on heavy mine development spending, leaving the company reliant on external financing.
Income Statement
20Very NegativeBalance Sheet
12Very NegativeCash Flow
11Very Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.38M | 9.16M | 8.83M | 8.22M | 12.34M | 18.10M |
| Gross Profit | -671.36K | ― | -549.00K | -2.41M | -2.81M | 4.54M |
| EBITDA | -4.72M | -4.46M | -7.31M | -10.17M | -13.07M | -7.56M |
| Net Income | -8.41M | -6.49M | -11.55M | -6.30M | -4.22M | -11.17M |
Balance Sheet | ||||||
| Total Assets | 106.74M | 98.11M | 50.96M | 49.57M | 54.29M | 57.74M |
| Cash, Cash Equivalents and Short-Term Investments | 256.58K | 2.85M | 948.00K | 185.00K | 231.00K | 291.00K |
| Total Debt | 70.39M | 52.60M | 47.75M | 37.01M | 29.35M | 22.98M |
| Total Liabilities | 85.60M | 68.92M | 55.89M | 42.31M | 41.49M | 40.04M |
| Stockholders Equity | -14.47M | -7.99M | -2.96M | 8.87M | 14.30M | 19.09M |
Cash Flow | ||||||
| Free Cash Flow | -41.67M | -41.04M | -8.26M | -6.19M | -5.64M | -4.82M |
| Operating Cash Flow | -5.40M | -4.78M | -5.15M | -5.74M | -5.33M | -591.00K |
| Investing Cash Flow | -36.19M | -36.16M | -3.07M | -294.00K | -286.00K | -3.89M |
| Financing Cash Flow | 17.10M | 42.57M | 8.20M | 5.55M | 5.58M | 3.87M |
Patagonia Gold Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PGDC, the sentiment is Negative. The current price of 0.29 is below the 20-day moving average (MA) of 0.33, below the 50-day MA of 0.41, and below the 200-day MA of 0.66, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 42.13 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PGDC.
Patagonia Gold Risk Analysis
Patagonia Gold disclosed 48 risk factors in its most recent earnings report. Patagonia Gold reported the most risks in the "Production" category.
Latest Risks Added
0 New RisksPatagonia Gold Peers Comparison
Overall Rating
TSE:DEF47Neutral
TSE:MMG46Neutral
TSE:CTM42Neutral
TSE:TUO41Neutral- TSE:PGDC39Underperform
TSE:CUAU39Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TSE:DEF | 47Neutral | CAD 42.55M | -15.41 | -4.70% | ― | ― | 22.33% |
| TSE:MMG | 46Neutral | CAD 35.23M | -5.96 | -59.49% | ― | ― | -29.44% |
| TSE:CTM | 42Neutral | CAD 38.91M | -5.74 | -32.64% | ― | ― | 9.03% |
| TSE:TUO | 41Neutral | CAD 82.62M | 86.25 | 9.62% | ― | ― | ― |
| TSE:PGDC | 39Underperform | CAD 138.58M | -11.49 | 82.09% | ― | 31.35% | 20.45% |
| TSE:CUAU | 39Underperform | CAD 89.93M | -15.75 | -36.24% | ― | ― | -101.66% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:PGDC | Patagonia Gold Corp | 0.29 | 0.14 | 96.67% | |
| TSE:CTM | Canterra Minerals | 0.10 | -0.11 | -53.33% | |
| TSE:DEF | Defiance Silver | 0.11 | -0.06 | -33.53% | |
| TSE:MMG | Metallic Minerals | 0.17 | -0.15 | -48.44% | |
| TSE:TUO | Teuton Resources | 1.38 | 0.17 | 14.05% | |
| TSE:CUAU | Forte Minerals Corp. | 1.15 | 0.12 | 11.65% |
Patagonia Gold Corporate Events
Patagonia Gold Files NI 43-101 Technical Report for Flagship Calcatreu Project
PositivePatagonia Gold Corp. has filed an independent NI 43-101 technical report for its flagship Calcatreu gold-silver project in RÃo Negro Province, Argentina, formally supporting the preliminary economic assessment and updated mineral resource estimate di...
Patagonia Gold Finds High-Grade Zones, Plans Major Drilling Push at Calcatreu
PositivePatagonia Gold reported significant high-grade gold-silver intercepts from recent drilling at the Belén and Nelson areas of its flagship Calcatreu Project in RÃo Negro, Argentina, including an 8-metre interval grading 15.71 g/t gold and 476.6 g/t sil...
Patagonia Gold Reports Q2 2026 Output, Revenue and Exploration Spend
PositivePatagonia Gold posted second-quarter 2026 results showing steady output from its Argentine operations, producing 1,960 gold equivalent ounces and selling 515 from the Calcatreu project, alongside 443 gold equivalent ounces produced and 547 sold from...
Patagonia Gold Restarts Calcatreu Operations and Doubles Doré Shipment
PositivePatagonia Gold announced that provincial authorities in Rio Negro have lifted the preventive, partial and temporary suspension on certain activities at its flagship Calcatreu gold-silver project, following an agreement on hiring and training local wo...
Patagonia Gold Faces Partial Suspension at Key Calcatreu Project in Argentina
NegativePatagonia Gold Corp., a South America-focused gold and silver miner listed on the TSX Venture Exchange, is concentrating its efforts on the Calcatreu project in RÃo Negro and the Cap-Oeste underground project in Argentina. The company also holds mine...
Patagonia Gold Confirms Astra’s 80% Earn-In at La Manchuria Project
PositivePatagonia Gold said Astra Exploration has exercised its first earn-in option at the La Manchuria gold and silver property in Santa Cruz, Argentina after spending more than US$3.0 million on exploration and development. Astra now holds an 80% interest...
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: Nov 02, 2026