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TNR Gold Corp. Stock AnalysisComprehensive stock analysis for TNR Gold Corp. (TNR.V) including live price, Snowflake performance metrics, financial statements, and investment research.Stock AnalysisTNR.V
TNR.V
TNR Gold Corp.
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
TNR.V
Home🔹Stocks🔹TNR Gold Corp.

TNR Gold Corp.

FRC Coverage
🇨🇦TNR.V•TSXV

TNR Gold Corp.

FRC Coverage
🇨🇦TNR.V•TSXV
Sentiment

Your view on TNR.V

Sentiment
Your view
TNR.V
TNR Gold Corp.
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
TNR.V
Company Overview

Overview

What the company does, where it operates, and who runs it.

*TNR Gold Corp. has paid FRC a fee for research coverage and distribution of reports.

About TNR Gold Corp.

Industry
Industrial Materials
Sector
Basic Materials
CEO
Kirill Klip, MBA
Headquarters
789 West Pender Street, Vancouver, BC, CA
Industry
Industrial Materials
Sector
Basic Materials
CEO
Kirill Klip, MBA
Headquarters
789 West Pender Street, Vancouver, BC, CA
Description

TNR Gold Corp. engages in the acquisition and exploration of mineral properties in the United States. It explores for copper, gold, silver, and lithium deposits. The company holds a 90% interest in the Shotgun gold project located in the Kuskokwim and Bristol Bay district, Alaska.

It also holds royalty interests in the Los Azules copper and Mariana lithium projects located in Argentina; and the Batidero I and II properties of the Josemaria Project located in San Juan, Argentina.

FRC Research
Buy
Fair Value Estimate
CAD$0.35

Royalties Ready to Pay Off Amid Rising Metal Prices

Report · Jan 21, 2026

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FRC Research
Buy
Fair Value Estimate
CAD$0.35

Royalties Ready to Pay Off Amid Rising Metal Prices

Report · Jan 21, 2026

Sign in to view

FRC Research

Research Reports

FRC analyst coverage and recommendations.

Past Reports

Historical coverage archive.

Analyst Notes

Ongoing commentary and updates from FRC analysts.

Media

Infographics, videos, and posts covering the company.

Financial Data

Stock Data

Price chart, volume, and trading data.

Fair Value

What FRC thinks it is worth vs. the current price.

FRC's fair value estimate for TNR Gold Corp., and the rating behind it. TNR.V last traded at C$0.10; the estimate is read against that market price. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.

Financial Ratios

Profitability, returns, valuation, and leverage ratios.

Valuation, profitability, liquidity and leverage ratios for TNR Gold Corp.. Starting points for TNR Gold Corp.: EPS -C$0.0088, beta 1.08 — an Industrial Materials name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.

Dividend Analysis

Yield, payout ratio, and dividend coverage metrics.

Dividend history, yield and payout sustainability for TNR Gold Corp.. TNR Gold Corp. does not currently pay a regular dividend, so this section tracks capacity rather than history. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.

Earnings Analysis

EPS history, beat rate, and upcoming earnings reports.

Reported vs. expected earnings history for TNR Gold Corp.. Trailing twelve-month EPS for TNR Gold Corp. stands at -C$0.0088. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.

Financial Statements

Income statement, balance sheet, and cash flow statements.

Income statement, balance sheet and cash flow history for TNR Gold Corp.. TNR Gold Corp. has reported as a listed company since 2013. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.

Peer Comparison

Comparables

List of peer companies in the same industry.

TNR Gold Corp. valued side by side against its closest peers. TNR Gold Corp. is measured against Industrial Materials peers within the Basic Materials sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.

Ownership & News

Institutional Ownership

Premium

Which funds and firms own the stock.

Which institutions hold TNR Gold Corp., and how their positions are changing. At a C$19.6M market value, institutional positions materially move TNR Gold Corp.'s register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.

Insider Trading

Premium

Recent buying and selling by company executives.

Buying and selling by TNR Gold Corp. executives and directors. Shares of TNR Gold Corp. have traded between C$0.01 and C$0.13 over the past 52 weeks — context for the timing of the transactions below. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.

Senate Trading

Premium

U.S. Senator disclosures filed under the STOCK Act.

U.S. Senate disclosures naming TNR Gold Corp.. TNR Gold Corp. is a C$19.6M Basic Materials company. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.

House Trading

Premium

U.S. Representative disclosures filed under the STOCK Act.

U.S. House of Representatives disclosures naming TNR Gold Corp.. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.

News

Latest headlines and market coverage.

Latest headlines and company announcements for TNR Gold Corp.. Coverage tracks TNR Gold Corp. within Industrial Materials (Basic Materials). Press releases and market coverage, newest first.

Peer companies

  • BHS.V — Bayhorse Silver Inc.
  • CD.V — Cantex Mine Development Corp.
  • EMNT.V — Eminent Gold Corp.
  • GRDM.V — Grid Metals Corp.
  • INTR.V — Intrepid Metals Corp.
  • LBNK.V — LithiumBank Resources Corp.
  • NBY.V — Niobay Metals Inc.

More Industrial Materials companies

  • BELMF — Belmont Resources Inc.
  • BENZF — Benz Mining Corp.
  • BEX.V — Benton Resources Inc.
  • BGAVF — Bravada Gold Corporation
  • BHLIF — Bradda Head Lithium Limited
  • BHP — BHP Group Limited
  • BHP.AX — BHP Group Limited
  • BHPLF — BHP Group Limited
  • BHSIF — Bayhorse Silver Inc.
  • BIG.V — Hercules Metals Corp.
  • BKM.V — Pacific Booker Minerals Inc.

Research Reports

4 reports

*TNR Gold Corp. has paid FRC a fee for research coverage and distribution of reports.

Jan 21, 2026

Royalties Ready to Pay Off Amid Rising Metal Prices

Explore TNR Gold Corp.'s anticipated royalty payments from lithium and copper projects, highlighting market trends and key developments.

Thumbnail for Royalties Ready to Pay Off Amid Rising Metal Prices
Jul 24, 2025

Transforms into a Revenue-Generating Royalty Company

TNR Gold Corp. transforms into a royalty company with revenue from Mariana lithium and Los Azules copper-gold projects. Stock up 55% in 2025. Learn more!

Thumbnail for Transforms into a Revenue-Generating Royalty Company
Feb 13, 2025

Imminent Royalty Revenue from Ganfeng’s Mariana Project

TNR Gold holds royalties in lithium & copper projects and a gold asset in Alaska. Key catalysts: lithium production, copper feasibility study, and potential JV for...

Thumbnail for Imminent Royalty Revenue from Ganfeng’s Mariana Project
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1 report
Sep 11, 2023

Royalties in Major Lithium and Copper Projects – Initiating Coverage

PDF
6 notes

*TNR Gold Corp. has paid FRC a fee for research coverage and distribution of reports.

Jul 27, 2026·1 month agoLatest
Company Announcement

Altius Increases Stake in TNR

FRC Analyst's Comment

Altius Minerals (TSX: ALS; MCAP: $3.4B), a leading mining royalty company, acquired an additional 7.44M shares, increasing its ownership from 10% to 13% in TNR. We view this as a significant endorsement of TNR's royalty portfolio, and believe it increases the potential for strategic consolidation or M&A. Although TNR shares are up 200% YoY, and 350% since we initiated coverage in September 2023, the stock still trades 23% below our fair value estimate, offering meaningful upside with potential M&A serving as a key catalyst.

Jul 27, 20261 month agoLatest
Apr 13, 2026·5 months ago
Company Announcement

Altius takes 9.9% stake in TNR in $4.2M strategic investment

FRC Analyst's Comment

Altius Minerals (TSX: ALS; MCAP: $2.9B), a leading mining royalty company, is investing $4.2M for a 9.9% stake in TNR. The deal includes a right of first offer on TNR’s royalty interests in the Mariana lithium project (owned by Ganfeng Lithium/SZSE: 002460), and the Los Azules copper-gold project (owned by McEwen Inc.), along with rights to maintain its ownership in future financings. This is a major development for TNR, as we believe these terms signal Altius’ strong strategic interest in TNR’s royalty portfolio, and potential consolidation or M&A upside. TNR shares are up 300% since we initiated coverage in September 2023, and 41% since our last update in January 2026, yet the stock still trades at 31% below our fair value estimate, implying meaningful upside with M&A as a key catalyst.

Apr 13, 20265 months ago
Feb 23, 2026·6 months ago
Company Announcement

Set to start earning royalty revenue with first lithium shipment from Ganfeng

FRC Analyst's Comment

Ganfeng Lithium (SZSE: 002460, Market Cap: US19B) completed the first shipment of lithium from the Mariana lithium project in Argentina. TNR Gold, which owns a 1.35% NSR royalty on the project, will now start receiving royalty payments, marking a key step toward becoming a revenue-generating company that should attract investor attention. The initial shipment totaled 240 tonnes of lithium chloride, and the project has the potential to produce 20,000 tonnes per year. Based on current spot prices, we estimate TNR could earn US$1.6M annually in royalties. The timing is ideal, as lithium prices have rebounded sharply, up 89% YoY to US$21,000/t, though still below the 2022 peak of US$85,000/ tonne. We expect the rebound to continue as the market shifts from oversupply to deficit this year, with demand led by EVs, energy storage, and rapidly growing sectors like AI data centers, robotics, and automation.

Feb 23, 20266 months ago
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News

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