INDEPENDENCE GOLD CORP (IGO.CA) Stock Fundamental Analysis

Canada • TSX Venture Exchange • TSX-V:IGO • CA45344A1075

0.105 CAD
+0 (+5%)
Last: Feb 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

2

Taking everything into account, IGO scores 2 out of 10 in our fundamental rating. IGO was compared to 812 industry peers in the Metals & Mining industry. IGO scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. IGO is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

0

1. Profitability

1.1 Basic Checks

  • IGO had negative earnings in the past year.
  • In the past year IGO has reported a negative cash flow from operations.
  • In the past 5 years IGO always reported negative net income.
  • In the past 5 years IGO always reported negative operating cash flow.
IGO.CA Yearly Net Income VS EBIT VS OCF VS FCFIGO.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 -2M -4M -6M -8M

1.2 Ratios

  • The Return On Assets of IGO (-78.85%) is worse than 70.44% of its industry peers.
  • IGO has a Return On Equity of -83.67%. This is in the lower half of the industry: IGO underperforms 62.68% of its industry peers.
Industry RankSector Rank
ROA -78.85%
ROE -83.67%
ROIC N/A
ROA(3y)-39.29%
ROA(5y)-50.73%
ROE(3y)-44.01%
ROE(5y)-56.93%
ROIC(3y)N/A
ROIC(5y)N/A
IGO.CA Yearly ROA, ROE, ROICIGO.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 -50 -100

1.3 Margins

  • IGO does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
IGO.CA Yearly Profit, Operating, Gross MarginsIGO.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • Compared to 1 year ago, IGO has more shares outstanding
  • IGO has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for IGO has been reduced compared to a year ago.
IGO.CA Yearly Shares OutstandingIGO.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
IGO.CA Yearly Total Debt VS Total AssetsIGO.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M

2.2 Solvency

  • An Altman-Z score of 17.99 indicates that IGO is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of IGO (17.99) is better than 70.81% of its industry peers.
  • A Debt/Equity ratio of 0.01 indicates that IGO is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.01, IGO perfoms like the industry average, outperforming 48.15% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF N/A
Altman-Z 17.99
ROIC/WACCN/A
WACCN/A
IGO.CA Yearly LT Debt VS Equity VS FCFIGO.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5M 10M 15M

2.3 Liquidity

  • IGO has a Current Ratio of 9.47. This indicates that IGO is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of IGO (9.47) is better than 84.98% of its industry peers.
  • A Quick Ratio of 9.47 indicates that IGO has no problem at all paying its short term obligations.
  • With an excellent Quick ratio value of 9.47, IGO belongs to the best of the industry, outperforming 85.10% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 9.47
Quick Ratio 9.47
IGO.CA Yearly Current Assets VS Current LiabilitesIGO.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

0

3. Growth

3.1 Past

  • The earnings per share for IGO have decreased by -4.65% in the last year.
EPS 1Y (TTM)-4.65%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%4.17%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
IGO.CA Yearly EPS VS EstimatesIGO.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 -0.02 -0.04 -0.06

More info and screens

Find the best growth stocksShow best growing peers

0

4. Valuation

4.1 Price/Earnings Ratio

  • IGO reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
IGO.CA Price Earnings VS Forward Price EarningsIGO.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
IGO.CA Per share dataIGO.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.02 -0.02

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for IGO!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

INDEPENDENCE GOLD CORP

TSX-V:IGO (2/9/2026, 7:00:00 PM)

0.105

+0 (+5%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-10
Earnings (Next)04-20
Inst Owners0.12%
Inst Owner ChangeN/A
Ins Owners3.13%
Ins Owner ChangeN/A
Market Cap23.59M
Revenue(TTM)N/A
Net Income(TTM)-6.89M
Analysts86.67
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S N/A
P/FCF N/A
P/OCF N/A
P/B 2.87
P/tB 2.87
EV/EBITDA N/A
EPS(TTM)-0.03
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.03
FCFYN/A
OCF(TTM)-0.03
OCFYN/A
SpS0
BVpS0.04
TBVpS0.04
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -78.85%
ROE -83.67%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-39.29%
ROA(5y)-50.73%
ROE(3y)-44.01%
ROE(5y)-56.93%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0
Health
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 9.47
Quick Ratio 9.47
Altman-Z 17.99
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-4.65%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%4.17%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-56.11%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-201.53%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-201.46%
OCF growth 3YN/A
OCF growth 5YN/A

INDEPENDENCE GOLD CORP / IGO.CA FAQ

Can you provide the ChartMill fundamental rating for INDEPENDENCE GOLD CORP?

ChartMill assigns a fundamental rating of 2 / 10 to IGO.CA.


Can you provide the valuation status for INDEPENDENCE GOLD CORP?

ChartMill assigns a valuation rating of 0 / 10 to INDEPENDENCE GOLD CORP (IGO.CA). This can be considered as Overvalued.


What is the profitability of IGO stock?

INDEPENDENCE GOLD CORP (IGO.CA) has a profitability rating of 0 / 10.


What is the financial health of INDEPENDENCE GOLD CORP (IGO.CA) stock?

The financial health rating of INDEPENDENCE GOLD CORP (IGO.CA) is 6 / 10.