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P2 Gold
(PGLD)
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Rating:48Neutral
Price Target:
C$0.63
▼(-5.37% Downside)
Action:Reiterated
Date:05/09/26
The score is held down primarily by weak financial performance (no revenue, worsening losses, and accelerating cash burn), despite improved leverage. Technicals provide some support with mildly positive momentum and price holding above short-term averages, but valuation is constrained by negative earnings and no stated dividend yield.
Positive Factors
U.S.-focused assets
Concentrating exploration and development in the United States anchors project advancement in a jurisdiction with established permitting, infrastructure, and capital familiarity. This geographic focus supports clearer regulatory pathways and potentially smoother project diligence and partner interest over time.
Negative Factors
Pre-revenue business
The company remains pre-revenue, so operational progress does not yet generate commercial cash flow. Over a multi-month horizon this keeps reliance on external financing high, limits ability to self-fund exploration, and makes corporate economics fully dependent on successful resource advancement or asset sales.
Read all positive and negative factors
Positive Factors
Negative Factors
U.S.-focused assets
Concentrating exploration and development in the United States anchors project advancement in a jurisdiction with established permitting, infrastructure, and capital familiarity. This geographic focus supports clearer regulatory pathways and potentially smoother project diligence and partner interest over time.
Read all positive factors
P2 Gold (PGLD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$188.20M
Dividend YieldN/A
Average Volume (3M)899.82K
Price to Earnings (P/E)―
Beta (1Y)2.48
Revenue GrowthN/A
EPS Growth-2651.52%
CountryCA
Employees4
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.08
Shares Outstanding261,391,080
10 Day Avg. Volume1,396,636
30 Day Avg. Volume899,819
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)50.01
Price to Sales (P/S)0.00
P/FCF Ratio-38.58
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)>-0.01
Revenue Forecast (FY)N/A
P2 Gold Business Overview & Revenue Model
Company Description
P2 Gold Inc. operates as an emerging mining firm, dedicated to securing, exploring, and developing mineral assets throughout Canada and the United States. Its core exploration activities target deposits rich in gold, copper, silver, lead, and zinc...
How the Company Makes Money
As an exploration and development-stage company, P2 Gold does not primarily generate recurring revenue from selling gold or other metals unless it has an operating mine in production (null for confirmed current production-based revenue). Instead, ...
P2 Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
28
Negative
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 | -24.04K | -24.16K | -36.25K | -164.00K | -151.00K | -129.00K |
| EBITDA | -12.58M | -4.94M | 4.29M | -6.09M | -14.70M | -27.58M |
| Net Income | -19.19M | -10.09M | 4.15M | -4.46M | -12.94M | -27.39M |
Balance Sheet | ||||||
| Total Assets | 10.82M | 11.13M | 685.10K | 310.64K | 2.41M | 8.45M |
| Cash, Cash Equivalents and Short-Term Investments | 10.02M | 10.32M | 539.95K | 46.61K | 1.47M | 7.80M |
| Total Debt | 505.02K | 7.50M | 2.36M | 545.00K | 133.45K | 251.07K |
| Total Liabilities | 1.44M | 8.85M | 2.89M | 9.67M | 12.25M | 12.90M |
| Stockholders Equity | 9.38M | 2.28M | -2.21M | -9.36M | -9.83M | -4.45M |
Cash Flow | ||||||
| Free Cash Flow | -8.38M | -2.96M | -1.64M | -4.70M | -13.39M | -7.69M |
| Operating Cash Flow | -8.36M | -2.96M | -1.64M | -4.70M | -13.30M | -7.61M |
| Investing Cash Flow | 825.38K | 32.29K | 1.83K | -98.00 | 70.98K | -223.04K |
| Financing Cash Flow | 16.80M | 12.31M | 2.13M | 3.27M | 6.90M | 14.00M |
P2 Gold Technical Analysis
Positive
0.67
Price Trends
0.75
Negative
0.76
Negative
0.63
Positive
Market Momentum
-0.01
Negative
48.31
Neutral
45.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PGLD, the sentiment is Positive. The current price of 0.67 is below the 20-day moving average (MA) of 0.72, below the 50-day MA of 0.75, and above the 200-day MA of 0.63, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 48.31 is Neutral, neither overbought nor oversold. The STOCH value of 45.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PGLD.
P2 Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | C$261.41M | -44.42 | -2.96% | ― | ― | -111.72% | |
48 Neutral | C$188.20M | -8.87 | -385.60% | ― | ― | -2651.52% | |
| ― | C$134.10M | -11.67 | -44.66% | ― | ― | -5.26% | |
52 Neutral | C$92.21M | -6.84 | -571.01% | ― | ― | -249.25% | |
47 Neutral | C$219.96M | -80.41 | -4.33% | ― | 32.29% | -179.53% | |
41 Neutral | C$84.68M | -3.91 | 215.19% | ― | -29.42% | -68.33% |
* Basic Materials Sector Average
TSE:PGLD
P2 Gold
0.72
0.58
414.29%
TSE:CKG
Chesapeake Gold
3.40
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115.19%
TSE:OCG
Outcrop Gold Corp
0.28
0.03
12.24%
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1.61
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222.00%
TSE:NVRO
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0.16
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TSE:SGO
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0.22
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53.57%
P2 Gold Corporate Events
Business Operations and Strategy
P2 Gold’s Lucky Strike Drilling Points to Expanding Gold‑Copper Core at Gabbs
Positive
Apr 8, 2026
P2 Gold reported additional reverse circulation drill results from the Lucky Strike Zone at its Gabbs Project in Nevada, highlighted by broad intersections such as 0.90 grams per tonne gold and 0.34% copper over 48.77 meters, including a higher...
Business Operations and Strategy
P2 Gold Secures Key Water Rights for Nevada Gabbs Project
Positive
Apr 2, 2026
P2 Gold has signed a definitive agreement through its subsidiary P2 Gabbs Inc. to acquire 2,500 acre-feet per year of water rights in Nevada’s Gabbs Basin for its Gabbs Project. The water rights, which exceed the project’s current esti...
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.