Eminent Gold Corp. (EMNT) AI Stock Analysis

• Market Cap: C$20.51M
• Dividend Yield: N/A
• Average Volume (3M): 34.86K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.04
• Revenue Growth: N/A
• EPS Growth: 19.30%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Industrial Materials
• EPS (TTM): -0.05
• Shares Outstanding: 59,462,600
• 10 Day Avg. Volume: 38,960
• 30 Day Avg. Volume: 34,864
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -60.60
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Eminent Gold Corp. faces significant financial hurdles, with no revenue generation and a reliance on external financing, which are the most critical factors affecting its stock score. The technical analysis provides some positive signals with upward price trends, but these are offset by valuation concerns due to negative earnings and the absence of dividends. The overall score reflects these substantial financial challenges and the need for strategic improvements.

Eminent Gold Corp. Business Overview & Revenue Model

Company Description

Eminent Gold Corp. (EMNT) is a mining exploration company focused on the discovery and development of high-grade gold deposits in North America. With a strategic emphasis on under-explored regions, Eminent Gold leverages advanced geological techniques and a seasoned exploration team to identify potential mining sites. The company operates within the precious metals sector, primarily targeting gold resources, which it aims to advance from exploration to production stages.

How the Company Makes Money

Eminent Gold Corp. makes money through the exploration, development, and sale of gold deposits. The company's revenue model is based on discovering viable gold resources that can be developed into profitable mining operations. Key revenue streams include the sale of mined gold, partnering with larger mining companies for joint ventures, and possibly selling or leasing mineral rights to other entities. The company's earnings are significantly influenced by the market price of gold, exploration success rates, and the efficiency of its mining operations. Additionally, Eminent Gold may engage in strategic partnerships and collaborations with other mining firms to optimize resource extraction and share technological expertise.

Eminent Gold Corp. Financial Statement Overview

Summary

Eminent Gold Corp. is facing significant financial challenges. With zero revenue and persistent losses, the income statement reflects a lack of profitable operations. The balance sheet shows minimal debt but declining equity, raising concerns about long-term viability. Cash flow issues further compound these challenges, with a reliance on external financing to sustain operations. The company must improve operational efficiency and explore revenue-generating opportunities to enhance financial health.

Income Statement

Eminent Gold Corp. has consistently reported zero revenue, indicating no commercial mining operations or sales. The company continues to incur significant losses, with a net income consistently in the negative. The EBIT and EBITDA margins are also negative, reflecting ongoing operational challenges and lack of profitability.

Balance Sheet

The balance sheet shows a healthy equity position with minimal debt, resulting in a low debt-to-equity ratio, which is a positive indicator of financial stability. However, the declining stockholders' equity and total assets over recent years indicate potential risks in sustaining operations and financial health.

Cash Flow

The cash flow statement reveals negative free cash flow, driven by negative operating cash flow and capital expenditures. This indicates the company is not generating sufficient cash from operations to fund its activities, which is a risk factor. However, the positive cash flow from financing suggests some ability to raise funds externally.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-20.52K	-132.95K	―	―	―	0.00
	EBIT
-521.44K	-927.60K	-1.47M	-1.21M	-1.27M	-75.75K
	EBITDA
-1.59M	-927.60K	0.00	-1.21M	-1.27M	-75.75K
	Net Income Common Stockholders
-2.40M	-4.18M	-1.51M	-1.21M	-1.27M	-82.01K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.16K	207.05K	96.42K	1.16M	1.56M	697.77K
	Total Assets
1.92K	3.06M	5.61M	4.93M	2.41M	699.84K
	Total Debt
115.00K	0.00	0.00	0.00	0.00	0.00
	Net Debt
113.84K	-207.05K	-96.42K	-1.16M	-1.56M	-697.77K
	Total Liabilities
220.08K	334.87K	244.99K	277.87K	133.62K	23.79K
	Stockholders Equity
-218.16K	2.72M	5.36M	4.65M	2.28M	676.05K
Cash Flow		Free Cash Flow
-713.68K	-803.46K	-2.44M	-3.38M	-1.28M	-149.53K
	Operating Cash Flow
-453.75K	-149.62K	-1.11M	-1.36M	-572.87K	-149.53K
	Investing Cash Flow
-259.94K	-653.83K	-1.33M	-2.02M	-706.64K	0.00
	Financing Cash Flow
1.15M	914.09K	―	2.98M	2.15M	―

Eminent Gold Corp. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.34
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EMNT, the sentiment is Negative. The current price of 0.34 is below the 20-day moving average (MA) of 0.37, below the 50-day MA of 0.40, and below the 200-day MA of 0.34, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.89 is Neutral, neither overbought nor oversold. The STOCH value of 23.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:EMNT.

Eminent Gold Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WDO	79 Outperform	C$2.35B	17.29	27.15%	―	67.54%	―
FNV	74 Outperform	$39.70B	52.43	9.38%	1.01%	-7.22%	―
SSL	72 Outperform	C$2.91B	150.91	1.00%	0.82%	-0.35%	-65.11%
OR	71 Outperform	$5.25B	235.70	1.33%	0.94%	6.02%	―
BTO	66 Neutral	$4.99B	―	-18.54%	5.30%	-0.18%	-2195.85%
Sector *	47 Neutral	$2.36B	-2.99	-21.59%	3.58%	4.21%	-28.30%
EMNT	27 Underperform	C$20.51M	―	-58.87%	―	―	19.30%

Eminent Gold Corp. Corporate Events

Eminent Gold Strikes Promising Initial Results at Hot Springs Range Project

Eminent Gold Corp. announced the results of its first drill hole at the Hot Springs Range Project in Nevada, revealing significant gold and arsenic findings, which suggest potential parallels with the nearby Getchell Trend. This initial success marks a promising start for the project, with additional drilling planned to explore primary structures for further gold prospects, potentially positioning Eminent for a major discovery.

Eminent Gold Advances Nevada Drilling Projects

Eminent Gold Corp. has completed the first core hole in its maiden drill program at the Hot Springs Range Project in Nevada, aiming to uncover a significant gold deposit similar to the nearby Getchell Trend. The initial findings show promising geological formations, and the company is preparing for a second drill hole, with assay results expected soon. Key milestones for 2024 include raising $2.4 million and acquiring the Celts project, furthering their strategic initiatives.

Eminent Gold Corp. Acquires Promising Nevada Project

Eminent Gold Corp. has acquired the Celts Project in Nevada, believing it to be a promising exploration opportunity in an area known for significant gold resources. This acquisition aligns with Eminent’s strategic plan to develop high-potential exploration projects, leveraging existing groundwork to advance the Celts Project efficiently.

Eminent Gold Begins Drilling in Nevada

Eminent Gold Corp. has started its first drilling program at the Otis Target Area in Nevada, aiming to uncover a parallel gold-bearing structure to the famous Getchell Trend. This initiative is part of the company’s strategy to explore high-quality gold projects during a strong gold market, potentially maximizing returns for shareholders.

Eminent Gold Initiates Drilling and Market Moves

Eminent Gold Corp. has partnered with Scout Drilling to commence a significant drilling project at their Hot Springs Range Project in Nevada, aiming to replicate successes seen in the Getchell Trend. Additionally, they have engaged Independent Trading Group to enhance market liquidity for their shares on the TSX Venture Exchange.