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Patagonia Gold Corp (PGDC) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Patagonia Gold Corp stock C$0.21, price C$0.30, that is 29.2% below the price, quality 25 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Basic Materials CA · ISIN CA70289T1012

PG Patagonia Gold Corp logo Thin data Nov 10, 2026

Patagonia Gold Corp

PGDC · V
Expensive, weak quality

Our calculation puts a fair price 29% below what the stock costs today.

Revenue last quarter +50% vs. a year ago.
Fair value C$0.2090 · Overvalued
Quality 25/100
Weak Growth (revenue 5y −14.6 %/yr in CAD)
Loss-making · -74.0% net margin (TTM)
High debt
Negative free cash flow
Trails peers (2/10)
Narrow moat 5/100 · thin data
Thin data
⟳ CyclicalEstimate
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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

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Price vs Fair Value

C$1.33 C$0.0100 Fair Value C$0.2090 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range C$0.0100 – C$1.33 · fair‑value band C$0.1568 – C$0.2613 · the C$0.2950 price screens above the C$0.2090 fair value. As of Nov 10, 2026.

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Company profile

Patagonia Gold Corp. engages in the acquisition, exploration, and development of mineral properties and reserves in Argentina and Chile. It explores gold and silver, as well as vein-type deposits. The company is based in Vancouver, Canada.

Stock analysis

Patagonia Gold Corp (PGDC) currently trades at C$0.2950, while our estimate is C$0.2090, 29% below the price, so the stock looks overvalued today.

Show more

Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: C$0.1568 (bear) to C$0.2613 (bull), the price of C$0.2950 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 25/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Patagonia Gold Corp reported revenue of $9.0M in FY2025 versus $18.1M in FY2021, a compound −16.0%/yr. Reported net income was −$6.4M in FY2025.

Key figures

Market cap C$157M (≈ $111M) Micro · P/S ratio 13.8 · EPS (TTM) C$−0.0300 · Net margin −70.8% · Return on equity −37.6% · Return on assets (EBIT) −17.9% (5-year average) · Operating margin −51.5% · Revenue (TTM) $11.4M.

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 78% below its 52-week high and 97% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at −29%, PGDC screens richer than that median.

Fair Value

Bear C$0.1568 Fair Value C$0.2090 Bull C$0.2613
Price C$0.2950 · Downside -29.2%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 25/100

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

Profitability 1
How much profit the company makes from its sales and capital
Quality Growth 67
Are margins and returns getting better?
Cashflow 5
Do the profits arrive as real cash?
Financial strength 7
Debt, balance sheet and risk of trouble
Investment 16
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 33
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 56
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

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 inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+2.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−10.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−14.6%
Start year 2020 (pandemic). Over 10 years: −10.1% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.0%
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.
3.9% (2020) → −70.5% (2025)
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

PGDC screens overvalued: fair value 29% below the price. Compare with PT Amman Mineral Internasional Tbk →

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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.Other Precious Metals & Mining · 150 stocks

Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 25 · Bottom 25%
Fair Value upside −29.2% · Below median
Profitability
Return on assets −6.8% · Above median
Net margin (12 months) −74.0% · Bottom 25%
Operating margin (12 months) −51.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 49.5% · Above median
Balance sheet
Debt / equity 2.60× · Highest 25%

Valuation Multiplesvs Other Precious Metals & Mining median · lower = cheaper

P/B 5.72× · Priciest 25%
P/S (12 months) 9.73× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 4
FUTURE (revenue growth)100 · sector 0
PAST (return on equity)0 · sector 0
HEALTH (low debt)0 · sector 98
DIVIDEND (yield)0 · sector 56

VALUE 0: the price sits above our fair-value range.

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 Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Sibanye Stillwater Limited SBSW $9.36 $12.73 +36% vs PGDC
Hecla Mining Company HL $14.29 $16.21 +13% vs PGDC
Triple Flag Precious Metals Corp TFPM $32.15 $32.54 +1% vs PGDC
Compañía de Minas Buenaventura S.A. BVN $27.08 $26.98 +0% vs PGDC
International Gemological Institute Limited IGIL ₹426.80 ₹338.90 −21% vs PGDC
Perpetua Resources Corp PPTA $19.33 $15.34 −21% vs PGDC
Sino-Platinum Metals Co 600459 ¥16.98 ¥13.23 −22% vs PGDC
China Gold International Resources Corp CGG C$32.07 C$15.00 −53% vs PGDC
Artemis Gold Inc ARTG C$40.87 C$15.63 −62% vs PGDC
PT Amman Mineral Internasional Tbk AMMN 3,730 IDR 881.70 IDR −76% vs PGDC

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Patagonia Gold Corp: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Patagonia Gold Corp Fair Value". https://www.fairvalue-calculator.com/stock/PGDC

Frequently asked questions

Is Patagonia Gold Corp (PGDC) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is C$0.2090 versus a price of C$0.2950, about 29% lower (overvalued).
What is the fair value of PGDC?
Our estimate for Patagonia Gold Corp is C$0.2090 (as of Nov 10, 2026), built from audited fundamentals. The current price: C$0.2950.
What is the quality score of PGDC?
Patagonia Gold Corp has a Quality Score of 25/100. 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 Patagonia Gold Corp (PGDC)?
Our calculated price target is the estimate of C$0.2090 (as of Nov 10, 2026). Cautious scenario C$0.1568, optimistic scenario C$0.2613. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Patagonia Gold Corp stock forecast for 2026?
Our estimate puts fair value at C$0.2090, about 29% lower versus a price of C$0.2950 (overvalued). Cautious scenario C$0.1568, optimistic scenario C$0.2613. The calculation is refreshed regularly with new filings.
What is the revenue of Patagonia Gold Corp (PGDC)?
Patagonia Gold Corp reported trailing-twelve-month revenue of about $11.4M (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Patagonia Gold Corp (PGDC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Patagonia Gold Corp it is C$0.2090 per share (as of Nov 10, 2026), against a price of C$0.2950.
Is Patagonia Gold Corp stock overvalued or undervalued in 2026?
As of Nov 10, 2026, PGDC trades above its calculated fair value: price C$0.2950, fair value C$0.2090, a gap of about −29% (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 PGDC?
No. The price is what the market pays today (C$0.2950); the fair value is what the company's own numbers justify (C$0.2090). For Patagonia Gold Corp the two are C$0.0860 per share apart. That gap is exactly why we show both numbers side by side.
How much is Patagonia Gold Corp worth?
The market values Patagonia Gold Corp at about C$157M (market capitalisation, as of Nov 10, 2026). Per share that is C$0.2950; our models calculate a fair value of C$0.2090 per share.
What do the bullish and bearish scenarios say about PGDC?
Our models span a range for Patagonia Gold Corp: cautious scenario C$0.1568, base C$0.2090, optimistic C$0.2613 per share (as of Nov 10, 2026, price C$0.2950). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Patagonia Gold Corp (PGDC)?
Balance-sheet figures for Patagonia Gold Corp (as of Nov 10, 2026): return on equity −37.6%, debt of 2.60 per unit of equity. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is PGDC from its 52-week high?
Patagonia Gold Corp trades at C$0.2950, about 78% below its 52-week high of C$1.33 and 97% above the low of C$0.1500 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.2090 is for.
Which stocks are comparable to Patagonia Gold Corp?
From the same area (Basic Materials) we also value PT Amman Mineral Internasional Tbk, Hecla Mining Company, China Gold International Resources Corp, Compañía de Minas Buenaventura S.A., 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 Patagonia Gold Corp stock attractive at the current price?
The data as of Nov 10, 2026: price C$0.2950, calculated fair value C$0.2090 (−29%), Quality Score 25/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Patagonia Gold 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 Patagonia Gold Corp (PGDC)?
The closing price on Nov 10, 2026 was C$0.2950. Our estimate is C$0.2090, about 29% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Patagonia Gold Corp right now?
The price sits above even our optimistic bull case (C$0.2613). The favourable scenario is already priced in. Weak quality (25/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Patagonia Gold Corp

How large is the market capitalisation of Patagonia Gold Corp (PGDC)?
The market capitalisation of Patagonia Gold Corp is C$157M (≈ $111M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Patagonia Gold Corp (PGDC)?
The price-to-sales ratio of Patagonia Gold Corp is 13.8 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Patagonia Gold Corp (PGDC)?
Earnings per share at Patagonia Gold Corp are C$−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Patagonia Gold Corp (PGDC)?
The net margin of Patagonia Gold Corp is −70.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Patagonia Gold Corp (PGDC)?
The return on equity (ROE) of Patagonia Gold Corp is −37.6% (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 Patagonia Gold Corp (PGDC)?
On an EBIT basis the return on assets of Patagonia Gold Corp is −17.9% (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.
What is the operating margin of Patagonia Gold Corp (PGDC)?
The operating margin of Patagonia Gold Corp is −51.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Patagonia Gold Corp (PGDC)?
Revenue at Patagonia Gold Corp is growing +49.5% versus a year earlier (3y avg −10.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Patagonia Gold Corp (PGDC) generate?
The free cash flow of Patagonia Gold Corp is −$40.3M (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 Patagonia Gold Corp (PGDC) carry?
The net debt of Patagonia Gold Corp is $49.6M (fiscal year 2025). 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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