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Red Lake Gold Inc
(RGLD)
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Rating:40Underperform
Price Target:
C$0.09
▲(28.57% Upside)
Action:Downgraded
Date:10/17/26
The score is weighed down primarily by weak financial performance (pre-revenue operations, ongoing losses, negative free cash flow, and negative equity). Technicals add further pressure with the price below major moving averages, while valuation metrics provide limited support due to a negative P/E and no dividend yield data.
Positive Factors
Debt-Free Balance Sheet
The absence of debt limits mandatory interest and principal payments, giving the company more flexibility than a leveraged explorer while projects are being advanced. This reduces default risk and preserves the ability to direct available capital toward geological work, though it does not eliminate funding needs.
Negative Factors
No Commercial Revenue
With no reported revenue, the company has not yet reached a commercial operating stage and cannot fund its activities through product sales. Its financial outlook therefore remains dependent on advancing exploration toward an economically viable deposit and securing resources before any revenue stream emerges.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
The absence of debt limits mandatory interest and principal payments, giving the company more flexibility than a leveraged explorer while projects are being advanced. This reduces default risk and preserves the ability to direct available capital toward geological work, though it does not eliminate funding needs.
Read all positive factors
Red Lake Gold Inc (RGLD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$480.12K
Dividend YieldN/A
Average Volume (3M)17.09K
Price to Earnings (P/E)―
Beta (1Y)1.05
Revenue GrowthN/A
EPS Growth86.95%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.06
Shares Outstanding5,053,917
10 Day Avg. Volume6,360
30 Day Avg. Volume17,094
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)59.71
Price to Sales (P/S)0.00
P/FCF Ratio-12.44
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
Red Lake Gold Inc Business Overview & Revenue Model
Company Description
Operating in Canada, Red Lake Gold Inc. specializes in the acquisition and exploration of mineral properties, primarily targeting gold deposits. Its flagship endeavor is the Whirlwind Jack gold project, located near Red Lake, Ontario. This signifi...
Red Lake Gold Inc Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
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 | 0.00 | 0.00 |
| EBITDA | -203.71K | -227.80K | -333.00K | -198.05K | -15.73K | -11.22K |
| Net Income | -326.81K | -2.49M | -358.00K | -248.00K | -238.00K | -396.00K |
Balance Sheet | ||||||
| Total Assets | 45.67K | 63.37K | 2.53M | 2.04M | 2.18M | 2.11M |
| Cash, Cash Equivalents and Short-Term Investments | 11.14K | 19.19K | 269.38K | 42.53K | 332.24K | 343.11K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 57.36K | 25.48K | 22.78K | 13.08K | 13.13K | 17.88K |
| Stockholders Equity | -11.69K | 37.88K | 2.50M | 2.02M | 2.17M | 2.09M |
Cash Flow | ||||||
| Free Cash Flow | -144.58K | -181.80K | -251.93K | -427.31K | -323.83K | -210.93K |
| Operating Cash Flow | -93.03K | -181.80K | -251.93K | -245.66K | -252.42K | -183.23K |
| Investing Cash Flow | -82.80K | -83.40K | -263.72K | -181.65K | -71.41K | 22.30K |
| Financing Cash Flow | 15.00K | 15.00K | 742.50K | 137.60K | 312.96K | 0.00 |
Red Lake Gold Inc Technical Analysis
Negative
0.07
Price Trends
0.14
Negative
0.13
Negative
0.26
Negative
Market Momentum
-0.01
Positive
33.79
Neutral
11.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RGLD, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.14, and below the 200-day MA of 0.26, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 33.79 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:RGLD.
Red Lake Gold Inc Peers Comparison
UnderperformOutperform
Sector (61)
TSE:RGLD
Red Lake Gold Inc
0.10
-0.50
-84.14%
TSE:FG
Falcon Gold
0.03
-0.03
-50.00%
TSE:NXS
Nexus Gold
0.13
-0.01
-7.41%
TSE:EAU
Engineer Gold Mines
0.05
-0.01
-20.63%
TSE:CMET
Clarity Gold
0.02
-0.06
-75.00%
Red Lake Gold Inc Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Red Lake Gold Closes Second Tranche of Private Placement to Fund Exploration
Positive
Oct 16, 2026
Red Lake Gold Inc. has closed the second tranche of its previously announced non-brokered private placement, issuing 100,000 common shares at $0.075 per share for gross proceeds of $7,500. This closing brings total funds raised across both tranche...
Business Operations and StrategyPrivate Placements and Financing
Red Lake Gold Raises Capital in First Tranche of Private Placement
Positive
Oct 8, 2026
Red Lake Gold Inc., a Canadian mineral exploration company listed on the CSE, focuses on advancing mining claims across Ontario with an emphasis on early-stage resource development. Operating within the exploration segment of the mining industry, ...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Red Lake Gold Shareholders Back Board Changes and Stock Option Plan Renewal
Positive
Oct 7, 2026
Red Lake Gold Inc. reported that all resolutions at its recent annual general and special meeting in Vancouver were approved by shareholders. The company fixed its board at four directors, re-elected Brian Hearst, and added Michael E. Schuss, Tor ...
Business Operations and StrategyPrivate Placements and Financing
Red Lake Gold Plans $375,000 Private Placement to Fund Ontario Exploration
Positive
Aug 31, 2026
Red Lake Gold Inc., a junior mineral exploration company listed on the CSE as RGLD, is focused on advancing mining claims in Ontario, Canada, with an emphasis on early-stage exploration in established resource regions. The corporation seeks to bui...
Business Operations and StrategyM&A Transactions
Red Lake Gold Monetizes Red Lake Claims and Royalty to Bolster Working Capital
Positive
Aug 25, 2026
Red Lake Gold Inc. has sold 437 unpatented mining claims in Ontario’s Red Lake Mining District to an arm’s length buyer in exchange for a 2.0% net smelter return royalty, avoiding Crown forfeiture that would have left the company with ...
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.