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Canagold Resources Ltd (CCM) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Canagold Resources Ltd stock C$0.12, price C$0.65, that is 81.7% below the price, quality 29 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials CA · ISIN CA1368421014

CR Canagold Resources Ltd logo Thin data Nov 6, 2026

Canagold Resources Ltd

CCM · TO
Very expensive, weak quality

Our calculation puts a fair price 82% below what the stock costs today.

Fair value C$0.1190 · Strongly overvalued
Quality 29/100
Weak Growth
Negative free cash flow
Trails peers (0/7)
Narrow moat 8/100 · thin data
Thin data
⟳ Cyclical⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

C$0.7700 C$0.1800 Fair Value C$0.1190 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

60‑month range C$0.1800 – C$0.7700 · fair‑value band C$0.0850 – C$0.1785 · the C$0.6500 price screens above the C$0.1190 fair value. As of Nov 6, 2026.

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Company profile

Canagold Resources Ltd. engages in the evaluation, acquisition, exploration, and development of natural resource properties in the United States and Canada. It explores for gold and silver deposits.

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The company holds 100% interest in the New Polaris project that consist of 61 crown granted mineral claims and 1 modified grid claim covering an area of approximately 2,956 acres located at Tulsequah River Valley; Corral Canyon property located at Nevada in the United States; and the Windfall Hills project consists of the Atna properties, comprising 2 mineral claims covering 959 hectares and the Dunn properties, comprising 8 mineral claims covering 2820 hectares located south of Burns Lake.

The company was formerly known as Canarc Resource Corp. and changed its name to Canagold Resources Ltd. in December 2020. Canagold Resources Ltd. was incorporated in 1987 and is based in Vancouver, Canada.

Stock analysis

Canagold Resources Ltd (CCM) currently trades at C$0.6500, while our model-based Fair Value estimate is C$0.1190, 82% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: C$0.0850 (bear) to C$0.1785 (bull), the price of C$0.6500 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 29/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is weak, negative or inconsistent.

Canagold Resources Ltd reported revenue of $0 in FY2025 versus $0 in FY2021. Reported net income was −$2.6M in FY2025.

Key figures

Market cap C$139M (≈ $98.6M) Micro · Return on equity −6.1% · Return on assets (EBIT) −5.8% (5-year average) · Free cash flow −$5.1M · Net cash $718K.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (low confidence).

What moves the price

The share trades about 16% below its 52-week high and 59% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −10% fair-value upside, at −82%, CCM screens richer than that median.

Fair Value models

Bear C$0.0850 Fair Value C$0.1190 Bull C$0.1785
Price C$0.6500 · Downside -81.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham) C$0.1100 C$0.1400 C$0.2100 51
All 1 models by family
Asset-Based
NCAV (Graham) C$0.1100 C$0.1400 C$0.2100 51

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 29/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 33
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 77
Debt, balance sheet and risk of trouble
Investment 74
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 74
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 71
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 0/100
Revenue growth is weak, negative or inconsistent.
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−2,099.6% (1996) → −10,364.3% (2017)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

CCM screens overvalued: fair value 82% below the price. Compare with Newmont Corporation →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gold · 205 stocks

Beats the industry median on 0/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 29 · Bottom 25%
Fair Value upside −81.7% · Bottom 25%
Profitability
Return on assets −6.8% · Below median
Operating margin (12 months) 0.0% · Below median
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Below median

Valuation Multiplesvs Gold median · lower = cheaper

P/B 2.90× · Pricier than median

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Gold stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Agnico Eagle Mines Limited AEM $191.57 $220.07 +15% vs CCM
Newmont Corporation NEM $120.91 $133.00 +10% vs CCM
AngloGold Ashanti plc AU $92.99 $88.58 −5% vs CCM
Royal Gold, Inc RGLD $265.81 $248.53 −7% vs CCM
Shandong Gold Mining Co 600547 ¥26.20 ¥23.61 −10% vs CCM
Franco-Nevada Corporation FNV $254.95 $212.28 −17% vs CCM
Kinross Gold Corporation KGC $22.24 $18.00 −19% vs CCM
Northern Star Resources Limited NST A$25.85 A$16.87 −35% vs CCM
Wheaton Precious Metals Corp WPM $136.31 $87.64 −36% vs CCM
Zijin Mining Group 601899 ¥28.28 ¥15.62 −45% vs CCM

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Canagold Resources Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Canagold Resources Ltd Fair Value". https://www.fairvalue-calculator.com/stock/CCM

Frequently asked questions

Is Canagold Resources Ltd (CCM) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of C$0.1190 versus a price of C$0.6500, about 82% lower (overvalued).
What is the fair value of CCM?
Our model-based fair value for Canagold Resources Ltd is C$0.1190 (as of Nov 6, 2026), built from audited fundamentals. The current price: C$0.6500.
What is the quality score of CCM?
Canagold Resources Ltd has a Quality Score of 29/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Canagold Resources Ltd (CCM)?
Our model-based price target is the fair value of C$0.1190 (as of Nov 6, 2026) from 1 valuation models. Cautious scenario C$0.0850, optimistic scenario C$0.1785. It is a calculation from audited fundamentals, not an analyst target.
What is the Canagold Resources Ltd stock forecast for 2026?
Our models put fair value at C$0.1190, about 82% lower versus a price of C$0.6500 (overvalued). Cautious scenario C$0.0850, optimistic scenario C$0.1785. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Canagold Resources Ltd (CCM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Canagold Resources Ltd it is C$0.1190 per share (as of Nov 6, 2026), against a price of C$0.6500. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Canagold Resources Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, CCM trades above its calculated fair value: price C$0.6500, fair value C$0.1190, a gap of about −82% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CCM?
No. The price is what the market pays today (C$0.6500); the fair value is what the company's own numbers justify (C$0.1190). For Canagold Resources Ltd the two are C$0.5310 per share apart. That gap is exactly why we show both numbers side by side.
How much is Canagold Resources Ltd worth?
The market values Canagold Resources Ltd at about C$139M (market capitalisation, as of Nov 6, 2026). Per share that is C$0.6500; our models calculate a fair value of C$0.1190 per share.
What do the bullish and bearish scenarios say about CCM?
Our models span a range for Canagold Resources Ltd: cautious scenario C$0.0850, base C$0.1190, optimistic C$0.1785 per share (as of Nov 6, 2026, price C$0.6500). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Canagold Resources Ltd (CCM)?
Balance-sheet figures for Canagold Resources Ltd (as of Nov 6, 2026): return on equity −6.1%. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is CCM from its 52-week high?
Canagold Resources Ltd trades at C$0.6500, about 16% below its 52-week high of C$0.7700 and 59% above the low of C$0.4100 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.1190 is for.
Which stocks are comparable to Canagold Resources Ltd?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Canagold Resources Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price C$0.6500, calculated fair value C$0.1190 (−82%), Quality Score 29/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CCM calculated?
We run Canagold Resources Ltd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of C$0.1190 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Canagold Resources Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Canagold Resources Ltd (CCM)?
The closing price on Nov 6, 2026 was C$0.6500. Our model-based fair value is C$0.1190, about 82% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Canagold Resources Ltd right now?
The price sits above even our optimistic bull case (C$0.1785). The favourable scenario is already priced in. Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (C$0.0850 to C$0.1785) leaves room in how you read the outcome.

Key figures of Canagold Resources Ltd

How large is the market capitalisation of Canagold Resources Ltd (CCM)?
The market capitalisation of Canagold Resources Ltd is C$139M (≈ $98.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the return on equity of Canagold Resources Ltd (CCM)?
The return on equity (ROE) of Canagold Resources Ltd is −6.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Canagold Resources Ltd (CCM)?
On an EBIT basis the return on assets of Canagold Resources Ltd is −5.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How much free cash flow does Canagold Resources Ltd (CCM) generate?
The free cash flow of Canagold Resources Ltd is −$5.1M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Canagold Resources Ltd (CCM) hold?
Canagold Resources Ltd holds more cash than debt, $718K net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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