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Visible Gold Mines
(VGD)
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Rating:45Neutral
Price Target:
C$0.19
▼(-2.63% Downside)
Action:Reiterated
Date:08/26/26
The score is primarily held down by weak financial performance—no revenue, persistent losses historically, and ongoing negative operating/free cash flow. Technical signals are also subdued (negative MACD, RSI below 50) with only a mild oversold indication. Offsetting factors include low leverage and improved equity, plus a positive corporate event (asset sale with cash and royalty), while valuation appears optically cheap but is less dependable given earnings quality concerns.
Positive Factors
Low Leverage
Minimal debt limits interest and refinancing pressure, giving the company greater flexibility to fund exploration and manage volatility. This is especially valuable for an early-stage miner that has not yet established recurring operating revenue.
Negative Factors
No Operating Revenue
A complete absence of revenue confirms that the company remains dependent on exploration success, asset transactions, financing, or other non-operating sources. Without commercial production, there is no established operating base to absorb costs or support predictable growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Minimal debt limits interest and refinancing pressure, giving the company greater flexibility to fund exploration and manage volatility. This is especially valuable for an early-stage miner that has not yet established recurring operating revenue.
Read all positive factors
Visible Gold Mines (VGD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.13M
Dividend YieldN/A
Average Volume (3M)25.33K
Price to Earnings (P/E)2.2
Beta (1Y)0.87
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)0.07
Shares Outstanding37,155,163
10 Day Avg. Volume36,144
30 Day Avg. Volume25,327
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)-4.78
Price to Sales (P/S)0.00
P/FCF Ratio-18.54
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
Visible Gold Mines Business Overview & Revenue Model
Company Description
Visible Gold Mines Inc. is an enterprise dedicated to the acquisition and exploration of gold mineral deposits within Canada. Its significant assets include full ownership of the Cadillac project, a substantial 5,000-hectare site comprising 145 mi...
Visible Gold Mines Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -18.40K | -18.40K | 0.00 | -4.67K | -8.18K | -4.57K |
| EBITDA | 2.05M | -430.30K | -377.53K | -890.79K | -4.08M | -777.39K |
| Net Income | 2.78M | -453.73K | -702.03K | -896.03K | -4.09M | -781.97K |
Balance Sheet | ||||||
| Total Assets | 2.73M | 142.40K | 233.86K | 796.95K | 1.48M | 5.48M |
| Cash, Cash Equivalents and Short-Term Investments | 650.44K | 16.39K | 33.61K | 22.44K | 173.54K | 333.25K |
| Total Debt | 48.77K | 57.80K | 74.89K | 90.76K | 0.00 | 0.00 |
| Total Liabilities | 101.69K | 678.04K | 426.78K | 255.41K | 118.59K | 44.61K |
| Stockholders Equity | 2.62M | -535.64K | -192.92K | 541.53K | 1.36M | 5.43M |
Cash Flow | ||||||
| Free Cash Flow | -847.13K | -138.22K | -125.34K | -457.77K | -354.78K | -708.28K |
| Operating Cash Flow | -839.59K | -138.22K | -125.34K | -342.68K | -299.06K | -624.03K |
| Investing Cash Flow | 1.49M | 0.00 | 152.82K | -43.45K | 139.35K | -43.66K |
| Financing Cash Flow | -27.71K | 121.00K | -15.86K | 235.03K | 0.00 | 980.88K |
Visible Gold Mines Technical Analysis
Neutral
0.19
Price Trends
0.15
Positive
0.16
Positive
0.16
Negative
Market Momentum
<0.01
Negative
50.65
Neutral
67.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VGD, the sentiment is Neutral. The current price of 0.19 is above the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.15, and above the 200-day MA of 0.16, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 50.65 is Neutral, neither overbought nor oversold. The STOCH value of 67.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:VGD.
Visible Gold Mines 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% | |
54 Neutral | C$18.47M | -6.58 | -41.73% | ― | ― | -123.20% | |
45 Neutral | C$6.13M | 2.21 | 314.44% | ― | ― | ― | |
45 Neutral | C$3.81M | -7.95 | -56.16% | ― | ― | -126.09% | |
44 Neutral | C$4.97M | -0.94 | -143.34% | ― | ― | -765.25% | |
42 Neutral | C$3.30M | -4.29 | 1011.51% | ― | ― | -300.00% |
* General Sector Average
TSE:VGD
Visible Gold Mines
0.17
0.05
37.50%
TSE:KGC
Kestrel Gold
0.04
-0.03
-46.15%
TSE:MCL
McLaren Resources
0.03
-0.04
-53.85%
TSE:NVX
NV Gold
0.57
0.41
256.25%
TSE:SUI
Superior Mining International
0.03
-0.07
-70.00%
TSE:EDGM
Edgemont Gold Corp.
0.18
0.00
0.00%
Visible Gold Mines Corporate Events
Business Operations and StrategyM&A Transactions
Visible Gold Sells MegaLi Lithium Project to PMET Resources
Positive
Aug 24, 2026
Visible Gold Mines has agreed to sell its non-core MegaLi lithium property in Québec’s James Bay region to PMET Resources, alongside additional exploration rights held by Noranda Royalties. The move aligns with Visible Gold’s stra...
Business Operations and StrategyExecutive/Board Changes
Visible Gold Mines Grants Stock Options to Align Management Incentives
Positive
Aug 7, 2026
Visible Gold Mines Inc., a Québec-based gold exploration company active in the Abitibi Gold Belt and James Bay region, operates in one of Canada’s key mining districts. Listed on the TSX Venture Exchange and Frankfurt Exchange, it conce...
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.