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Pan Global Resources
(PGZ)
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Select Model
Rating:47Neutral
Price Target:
C$0.20
▲(9.44% Upside)
Action:Reiterated
Date:09/24/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and sustained cash burn implying financing/dilution risk). Technicals are a relative positive with the price trading above key moving averages and positive momentum indicators, but valuation remains constrained by negative earnings and the absence of dividend support.
Positive Factors
Minimal Leverage
A largely debt-free balance sheet reduces solvency and refinancing pressure while preserving flexibility for exploration spending, partnerships, or other capital allocation. This provides a stronger financial foundation than leverage-heavy peers, even though the company remains loss-making.
Negative Factors
No Operating Revenue
The absence of operating revenue means the company has not yet demonstrated a self-sustaining commercial business model. Until projects generate a transaction, royalty stream, or production income, funding for exploration and corporate costs must come from external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal Leverage
A largely debt-free balance sheet reduces solvency and refinancing pressure while preserving flexibility for exploration spending, partnerships, or other capital allocation. This provides a stronger financial foundation than leverage-heavy peers, even though the company remains loss-making.
Read all positive factors
Pan Global Resources (PGZ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$75.79M
Dividend YieldN/A
Average Volume (3M)136.88K
Price to Earnings (P/E)―
Beta (1Y)1.75
Revenue GrowthN/A
EPS Growth-11.95%
CountryCA
Employees19
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding409,663,670
10 Day Avg. Volume145,095
30 Day Avg. Volume136,879
Financial Highlights & Ratios
PEG Ratio-0.39
Price to Book (P/B)5.39
Price to Sales (P/S)0.00
P/FCF Ratio-6.47
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
Pan Global Resources Business Overview & Revenue Model
Company Description
Pan Global Resources Inc. is a junior mining enterprise focused on the acquisition and exploration of mineral assets within Spain. The company primarily targets deposits rich in lead, zinc, silver, gold, and copper. It holds an option to secure co...
How the Company Makes Money
Pan Global Resources primarily seeks to create shareholder value by advancing mineral exploration assets rather than generating steady operating revenue from producing mines. Its potential monetization pathways include: (1) asset sales or divestit...
Pan Global Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | -7.00K | -9.88K |
| EBITDA | -4.54M | -8.49M | -6.01M | -828.00K | -10.15M | -9.05M |
| Net Income | -8.85M | -8.37M | -6.01M | -10.78M | -10.15M | -9.06M |
Balance Sheet | ||||||
| Total Assets | 13.95M | 9.79M | 9.09M | 7.90M | 12.25M | 18.92M |
| Cash, Cash Equivalents and Short-Term Investments | 10.44M | 6.45M | 5.84M | 4.74M | 8.86M | 15.50M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.00K |
| Total Liabilities | 378.00K | 598.00K | 284.00K | 529.00K | 1.24M | 780.20K |
| Stockholders Equity | 13.57M | 9.19M | 8.80M | 7.37M | 11.01M | 18.14M |
Cash Flow | ||||||
| Free Cash Flow | -8.70M | -7.65M | -5.79M | -10.02M | -9.26M | -7.81M |
| Operating Cash Flow | -8.70M | -7.65M | -5.79M | -9.93M | -9.34M | -6.95M |
| Investing Cash Flow | 56.00K | -36.00K | 17.00K | 2.05M | -1.82M | -794.38K |
| Financing Cash Flow | 16.63M | 8.30M | 6.88M | 5.75M | 2.52M | 19.34M |
Pan Global Resources Technical Analysis
Negative
0.18
Price Trends
0.18
Negative
0.19
Negative
0.17
Positive
Market Momentum
<0.01
Positive
47.84
Neutral
-4.17
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PGZ, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.18, and above the 200-day MA of 0.17, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.84 is Neutral, neither overbought nor oversold. The STOCH value of -4.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PGZ.
Pan Global Resources Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$42.75M | -2.71 | -82.00% | ― | ― | -51.83% | |
48 Neutral | C$94.10M | -58.21 | -7.59% | ― | ― | 67.00% | |
47 Neutral | C$75.79M | -7.17 | -98.58% | ― | ― | -11.95% | |
46 Neutral | C$25.07M | -3.49 | -590.93% | ― | ― | -13.57% | |
42 Neutral | C$34.45M | -5.59 | 91.69% | ― | ― | -22.59% |
* General Sector Average
TSE:PGZ
Pan Global Resources
0.18
<0.01
5.88%
TSE:BHS
Bayhorse Silver
0.06
<0.01
20.00%
TSE:SRL
Salazar Resources
0.39
0.23
136.36%
TSE:WHY
West High Yield Resources
0.27
-0.13
-32.50%
TSE:DLP
DLP Resources
0.33
<0.01
1.54%
TSE:LFLR
LaFleur Minerals
0.35
-0.29
-45.31%
Pan Global Resources Corporate Events
Business Operations and Strategy
Pan Global Extends High-Grade Gold Zone at Spain’s Cármenes Project
Positive
Sep 17, 2026
Pan Global Resources has reported its widest high-grade gold intercept to date at the Providencia target within its Cármenes Project in northern Spain, with drillhole PVD16 returning 83 meters grading 1.74 g/t gold from near surface and multi...
Business Operations and Strategy
Pan Global hits high-grade gold at surface in Spain’s Cármenes Project
Positive
Sep 9, 2026
Pan Global Resources reported new drilling results from the Phase 3 campaign at the Providencia target on its Cármenes Project in northern Spain, highlighting high-grade gold and polymetallic mineralization from surface. The headline intercep...
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.