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Quimbaya Gold Inc
(QIM)
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Rating:39Underperform
Price Target:
C$0.21
▼(-28.28% Downside)
Action:Downgraded
Date:10/28/26
The score is primarily weighed down by weak financial performance (no revenue, rapidly widening losses, and accelerating cash burn that increases financing risk). Technicals add additional pressure with a clear downtrend (price below key moving averages and negative MACD). Valuation provides little offset given negative earnings (negative P/E) and no dividend yield.
Positive Factors
Debt-free balance sheet
The absence of debt limits leverage-driven financial stress and avoids mandatory interest or principal payments. That gives Quimbaya greater flexibility to direct available capital toward exploration and provides some resilience while it remains pre-revenue and dependent on funding access.
Negative Factors
No operating revenue
The absence of operating revenue means Quimbaya currently lacks an internally generated funding engine from customers or gold sales. Its ability to sustain exploration therefore depends on capital availability and future project outcomes, leaving near-term earnings visibility very limited.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt limits leverage-driven financial stress and avoids mandatory interest or principal payments. That gives Quimbaya greater flexibility to direct available capital toward exploration and provides some resilience while it remains pre-revenue and dependent on funding access.
Read all positive factors
Quimbaya Gold Inc (QIM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$20.21M
Dividend YieldN/A
Average Volume (3M)184.59K
Price to Earnings (P/E)―
Beta (1Y)0.40
Revenue GrowthN/A
EPS Growth-66.31%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.19
Shares Outstanding84,220,790
10 Day Avg. Volume299,851
30 Day Avg. Volume184,588
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)1.52
Price to Sales (P/S)0.00
P/FCF Ratio-4.30
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
Quimbaya Gold Inc Business Overview & Revenue Model
Company Description
Quimbaya Gold Inc., together with its subsidiaries, engaged in the acquisition, exploration, and development of mineral properties in Colombia. It explores for gold and copper deposits. The company’s flagship project is the Tahami project covering...
How the Company Makes Money
Quimbaya Gold Inc’s business model is primarily that of a pre-revenue exploration issuer: it typically does not generate recurring operating revenue from selling products or services. Instead, it funds exploration and corporate activities mainly t...
Quimbaya Gold Inc Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
44
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -82.92K | -21.21K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -12.81M | -10.13M | -2.92M | -1.16M | -968.39K | -798.21K |
| Net Income | -12.72M | -10.18M | -2.98M | -1.21M | -968.39K | -803.30K |
Balance Sheet | ||||||
| Total Assets | 14.61M | 18.73M | 5.42M | 4.73M | 630.76K | 1.35M |
| Cash, Cash Equivalents and Short-Term Investments | 7.36M | 12.44M | 47.35K | 20.66K | 330.68K | 1.13M |
| Total Debt | 0.00 | 0.00 | 139.45K | 248.69K | 0.00 | 0.00 |
| Total Liabilities | 806.32K | 544.02K | 865.72K | 448.18K | 85.07K | 68.41K |
| Stockholders Equity | 13.80M | 18.19M | 4.55M | 4.28M | 545.69K | 1.28M |
Cash Flow | ||||||
| Free Cash Flow | -9.46M | -6.42M | -2.03M | -1.27M | -724.68K | -553.32K |
| Operating Cash Flow | -9.07M | -6.17M | -1.72M | -1.27M | -724.68K | -553.32K |
| Investing Cash Flow | -605.23K | -775.51K | -202.83K | -421.08K | 0.00 | 0.00 |
| Financing Cash Flow | 16.80M | 19.43M | 1.98M | 1.38M | -64.39K | 1.66M |
Quimbaya Gold Inc Technical Analysis
Negative
0.29
Price Trends
0.32
Negative
0.32
Negative
0.33
Negative
Market Momentum
-0.04
Positive
40.47
Neutral
53.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:QIM, the sentiment is Negative. The current price of 0.29 is above the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.32, and below the 200-day MA of 0.33, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 40.47 is Neutral, neither overbought nor oversold. The STOCH value of 53.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:QIM.
Quimbaya Gold Inc 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% | |
48 Neutral | C$39.39M | -8.60 | -108.33% | ― | ― | -3.88% | |
45 Neutral | C$23.74M | -1.69 | -173.75% | ― | ― | -267.10% | |
45 Neutral | C$38.81M | -15.87 | -13.00% | ― | ― | 8.04% | |
43 Neutral | C$13.59M | -16.27 | -2.65% | ― | ― | ― | |
42 Neutral | C$12.05M | -6.08 | -36.04% | ― | ― | 42.64% | |
39 Underperform | C$20.21M | -1.27 | -90.81% | ― | ― | -66.31% |
* Basic Materials Sector Average
TSE:QIM
Quimbaya Gold Inc
0.24
-0.39
-61.90%
TSE:OMM
Omineca Mining and Metals
0.05
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0.05
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-42.17%
TSE:VAU
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0.19
0.01
8.82%
TSE:FFOX
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-33.10%
TSE:WG
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0.17
0.03
22.22%
Quimbaya Gold Inc Corporate Events
Business Operations and Strategy
Quimbaya Gold Boosts Tahami Project Land Position by 37% in Segovia District
Positive
Oct 28, 2026
Quimbaya Gold Inc. has expanded the land position of its flagship Tahami Project in Colombia’s Segovia district by approximately 37% in 2026, increasing its holdings from 31,650 hectares to 43,496 hectares through ten new mineral application...
Business Operations and Strategy
Quimbaya Gold Confirms Large Porphyry System at Tahami Center in Colombia
Neutral
Oct 16, 2026
Quimbaya Gold Inc. has confirmed the presence of a large copper-molybdenum porphyry system at its Tahami Center prospect in Colombia’s Segovia gold belt, following assay results from the first six drill holes totaling 2,928 meters. All holes...
Business Operations and Strategy
Quimbaya Gold Launches Phase 2 Drilling at Tahami South as Dual-Target Exploration Advances
Positive
Oct 7, 2026
Quimbaya Gold Inc. has mobilized an additional diamond drill rig to its Tahami South gold and silver project in Colombia and begun Phase 2 drilling on the S and V vein systems. This program runs alongside ongoing drilling at the Tahami Center copp...
Business Operations and StrategyExecutive/Board Changes
Quimbaya Gold strengthens board, moves to formalize artisanal mining in Colombia
Positive
Oct 7, 2026
Quimbaya Gold Inc. has appointed Toronto capital markets and mining lawyer Peter Simeon to its board of directors, further strengthening its governance as it advances drilling on two targets at the Tahami Project in Colombia. Simeon, a partner at ...
Business Operations and Strategy
Quimbaya Gold Confirms Copper-Molybdenum Porphyry System at Tahami Center
Positive
Sep 8, 2026
Quimbaya Gold Inc. has completed six drill holes totaling 2,927.9 meters in its initial program at Tahami Center in Colombia, confirming the presence of a copper-molybdenum porphyry system across all holes. The work is part of a planned 5,000-mete...
Business Operations and StrategyM&A Transactions
Quimbaya Gold Moves to Monetize Berrio Asset and Refocus on Flagship Tahami Project
Positive
Aug 19, 2026
Quimbaya Gold Inc. has granted 37 Capital Inc. an exclusive 12-month option to acquire 100% of its non-core Berrio project in Antioquia, Colombia, for up to US$3.75 million in cash and shares. The Berrio asset is held via Golden Pacifico Explorati...
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.