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Soma Gold
(SOMA)
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Rating:49Neutral
Price Target:
C$0.66
▼(-23.60% Downside)
Action:Reiterated
Date:08/30/26
The score is held down primarily by deteriorating operating results (TTM revenue decline and net losses) and negative free cash flow despite positive operating cash flow. Offsetting this, leverage has improved materially, providing better balance-sheet resilience, while technicals are only modestly supportive in the near term and valuation metrics remain weak due to negative earnings.
Positive Factors
Improved Balance Sheet
Materially lower leverage and a growing asset base give Soma Gold greater financial resilience than in earlier years. A stronger equity-funded capital structure can improve borrowing capacity, support mine investment, and provide more flexibility while operations recover.
Negative Factors
Sharp Revenue Decline and Losses
The sharp deterioration in revenue and shift from 2024 profitability to losses indicate that the current operating model is not translating production into dependable earnings. Continued weakness in volumes, realized pricing, costs, or other operating factors could impair reinvestment and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Balance Sheet
Materially lower leverage and a growing asset base give Soma Gold greater financial resilience than in earlier years. A stronger equity-funded capital structure can improve borrowing capacity, support mine investment, and provide more flexibility while operations recover.
Read all positive factors
Soma Gold (SOMA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$100.25M
Dividend YieldN/A
Average Volume (3M)164.76K
Price to Earnings (P/E)―
Beta (1Y)2.18
Revenue Growth-19.28%
EPS Growth-210.36%
CountryCA
Employees115
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.13
Shares Outstanding151,889,680
10 Day Avg. Volume170,564
30 Day Avg. Volume164,759
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)3.55
Price to Sales (P/S)1.81
P/FCF Ratio-18.97
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)0.16
Revenue Forecast (FY)C$136.00M
Soma Gold Business Overview & Revenue Model
Company Description
Headquartered in Vancouver, Canada, Soma Gold Corp. operates as a natural resource enterprise dedicated to the acquisition, exploration, and advancement of mineral properties, with a primary focus on South America. Its cornerstone operation is the...
How the Company Makes Money
Soma Gold primarily makes money by producing and selling gold from its mining operations. Revenue is generated when mined ore is processed into a saleable gold-bearing product (e.g., doré or concentrate) and sold, with sales proceeds generally tie...
Soma Gold Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
58
Neutral
Cash Flow
47
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 79.30M | 87.25M | 89.37M | 81.16M | 52.96M | 39.97M |
| Gross Profit | 7.49M | 20.93M | 25.09M | 27.95M | 15.54M | 12.06M |
| EBITDA | 10.12M | 26.34M | 33.17M | 31.11M | 12.56M | 11.15M |
| Net Income | -13.71M | -2.93M | 4.23M | 2.80M | 257.54K | -1.22M |
Balance Sheet | ||||||
| Total Assets | 128.83M | 104.73M | 79.25M | 74.10M | 51.51M | 34.53M |
| Cash, Cash Equivalents and Short-Term Investments | 7.33M | 6.30M | 7.84M | 1.78M | 529.67K | 251.61K |
| Total Debt | 2.63M | 23.56M | 34.91M | 31.30M | 28.79M | 19.14M |
| Total Liabilities | 50.69M | 60.28M | 63.28M | 59.95M | 48.75M | 36.05M |
| Stockholders Equity | 78.14M | 44.45M | 15.96M | 14.15M | 2.77M | -1.52M |
Cash Flow | ||||||
| Free Cash Flow | -11.13M | -8.31M | 9.46M | 6.08M | -9.85M | -3.71M |
| Operating Cash Flow | 9.09M | 17.88M | 20.99M | 19.17M | 10.24M | 4.75M |
| Investing Cash Flow | -26.74M | -26.15M | -11.54M | -15.35M | -19.72M | -7.96M |
| Financing Cash Flow | 18.49M | 6.22M | -714.20K | -3.21M | 9.40M | 1.18M |
Soma Gold Technical Analysis
Negative
0.86
Price Trends
0.72
Negative
0.83
Negative
1.35
Negative
Market Momentum
-0.02
Positive
45.39
Neutral
15.38
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SOMA, the sentiment is Negative. The current price of 0.86 is above the 20-day moving average (MA) of 0.75, above the 50-day MA of 0.72, and below the 200-day MA of 1.35, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 45.39 is Neutral, neither overbought nor oversold. The STOCH value of 15.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SOMA.
Soma Gold Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | C$149.25M | 11.09 | 4.37% | 5.50% | 22.69% | -20.87% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | C$500.38M | -22.48 | -184.16% | ― | ― | ― | |
49 Neutral | C$100.25M | -5.49 | -24.80% | ― | -19.28% | -210.36% | |
40 Underperform | C$285.80M | -11.90 | -39.77% | ― | ― | -85.28% |
* General Sector Average
TSE:SOMA
Soma Gold
0.70
-0.54
-43.55%
TSE:MJS
Majestic Gold
0.11
-0.05
-32.26%
TSE:CBR
Cabral Gold
1.47
1.05
245.88%
TSE:RVG
Revival Gold
0.87
0.22
33.85%
TSE:CERT
Cerrado Gold
2.41
1.21
102.10%
Soma Gold Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Soma Gold Swings to Loss on Lower Grades but Targets Production Ramp-Up in 2026
Negative
Aug 28, 2026
Soma Gold reported weaker second-quarter 2026 financial results as revenue fell 11% to $20.4 million and first-half revenue declined 16% to $42.9 million, driven by lower gold-equivalent production, higher costs, and reduced grades at the Cordero ...
Business Operations and Strategy
Soma Gold Confirms High-Grade Continuity at Escondida Vein in Colombia
Positive
Aug 18, 2026
Soma Gold reported initial drill and underground sampling results from its Escondida Project in Antioquia, Colombia, confirming continuity of the La Escondida Vein beyond current mine workings. The first drill hole returned 4.25 g/t gold over 1.85...
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.