NeXGold Mining Corp (NEXG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of NeXGold Mining Corp stock C$0.31, price C$1.22, that is 74.2% 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.
NeXGold Mining Corp. operates as a gold exploration and development company in Canada. The company's flagship asset is the 100%-owned Goliath Gold Complex, an advanced stage high-grade gold deposit near Dryden, Ontario, which includes the Goliath, Goldlund, and Miller projects.
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The company was formerly known as Treasury Metals Inc. and changed its name to NeXGold Mining Corp. in July 2024. NeXGold Mining Corp. is headquartered in Toronto, Canada.
Stock analysis
NeXGold Mining Corp (NEXG) currently trades at C$1.22, while our model-based Fair Value estimate is C$0.3145, 74% 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 95/100, which puts the data coverage at low.
Scenario range: C$0.2125 (bear) to C$0.3995 (bull), the price of C$1.22 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.
NeXGold Mining Corp reported revenue of C$0 in FY2025 versus C$0 in FY2021. Reported net income was −C$41.0M in FY2025.
Key figures
Market cap C$295M (≈ $209M) Micro · EPS (TTM) C$−0.2200 · Return on equity −26.0% · Return on assets (EBIT) −12.9% (5-year average) · Free cash flow −C$45.7M · Net debt C$8.5M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 5 out of 100 (low confidence).
What moves the price
The share trades about 47% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −10% fair-value upside, at −74%, NEXG screens richer than that median.
Fair Value models
BearC$0.2125Fair Value C$0.3145BullC$0.3995
Price C$1.22 · Downside -74.2%
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$0.2500C$0.3700C$0.470054
All 1 models by family
Asset-Based
NCAV (Graham)C$0.2500C$0.3700C$0.470054
The fair value above starts from this blend and is adjusted for dilution from new shares.
Price, fair value, quality and upside side by side.
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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 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score29 · Bottom 25%
Fair Value upside−74.2% · Bottom 25%
Profitability
Return on assets−16.0% · Bottom 25%
Operating margin (12 months)0.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Gold median · lower = cheaper
P/B0.87× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 100
PAST (return on equity)0· sector 44
HEALTH (low debt)99· sector 98
DIVIDEND (yield)0· sector 24
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is NeXGold Mining Corp (NEXG) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of C$0.3145 versus a price of C$1.22, about 74% lower (overvalued).
What is the fair value of NEXG?
Our model-based fair value for NeXGold Mining Corp is C$0.3145 (as of Nov 9, 2026), built from audited fundamentals. The current price: C$1.22.
What is the quality score of NEXG?
NeXGold Mining Corp 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 NeXGold Mining Corp (NEXG)?
Our model-based price target is the fair value of C$0.3145 (as of Nov 9, 2026) from 1 valuation models. Cautious scenario C$0.2125, optimistic scenario C$0.3995. It is a calculation from audited fundamentals, not an analyst target.
What is the NeXGold Mining Corp stock forecast for 2026?
Our models put fair value at C$0.3145, about 74% lower versus a price of C$1.22 (overvalued). Cautious scenario C$0.2125, optimistic scenario C$0.3995. The calculation is refreshed regularly with new filings.
What is the intrinsic value of NeXGold Mining Corp (NEXG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NeXGold Mining Corp it is C$0.3145 per share (as of Nov 9, 2026), against a price of C$1.22. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is NeXGold Mining Corp stock overvalued or undervalued in 2026?
As of Nov 9, 2026, NEXG trades above its calculated fair value: price C$1.22, fair value C$0.3145, a gap of about −74% (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 NEXG?
No. The price is what the market pays today (C$1.22); the fair value is what the company's own numbers justify (C$0.3145). For NeXGold Mining Corp the two are C$0.9055 per share apart. That gap is exactly why we show both numbers side by side.
How much is NeXGold Mining Corp worth?
The market values NeXGold Mining Corp at about C$295M (market capitalisation, as of Nov 9, 2026). Per share that is C$1.22; our models calculate a fair value of C$0.3145 per share.
What do the bullish and bearish scenarios say about NEXG?
Our models span a range for NeXGold Mining Corp: cautious scenario C$0.2125, base C$0.3145, optimistic C$0.3995 per share (as of Nov 9, 2026, price C$1.22). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of NeXGold Mining Corp (NEXG)?
Balance-sheet figures for NeXGold Mining Corp (as of Nov 9, 2026): return on equity −26.0%, debt of 0.02 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is NEXG from its 52-week high?
NeXGold Mining Corp trades at C$1.22, about 47% below its 52-week high of C$2.31 and 7% above the low of C$1.14 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.3145 is for.
Which stocks are comparable to NeXGold Mining Corp?
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 NeXGold Mining Corp stock attractive at the current price?
The data as of Nov 9, 2026: price C$1.22, calculated fair value C$0.3145 (−74%), 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 NEXG calculated?
We run NeXGold Mining Corp through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of C$0.3145 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. NeXGold Mining Corp 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 NeXGold Mining Corp (NEXG)?
The closing price on Nov 6, 2026 was C$1.22. Our model-based fair value is C$0.3145, about 74% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NeXGold Mining Corp right now?
The price sits above even our optimistic bull case (C$0.3995). 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$0.2125 to C$0.3995) leaves room in how you read the outcome.
Key figures of NeXGold Mining Corp
How large is the market capitalisation of NeXGold Mining Corp (NEXG)?
The market capitalisation of NeXGold Mining Corp is C$295M (≈ $209M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of NeXGold Mining Corp (NEXG)?
Earnings per share at NeXGold Mining Corp are C$−0.2200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of NeXGold Mining Corp (NEXG)?
The return on equity (ROE) of NeXGold Mining Corp is −26.0% (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 NeXGold Mining Corp (NEXG)?
On an EBIT basis the return on assets of NeXGold Mining Corp is −12.9% (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 NeXGold Mining Corp (NEXG) generate?
The free cash flow of NeXGold Mining Corp is −C$45.7M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does NeXGold Mining Corp (NEXG) carry?
The net debt of NeXGold Mining Corp is C$8.5M (fiscal year 2024). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 9, 2026
