TSX Opportunities GoldMining And 2 Other Promising Penny Stocks
The Canadian market is experiencing a period of adjustment as investors reassess valuations, particularly in the technology sector, amid concerns about AI-driven disruptions and increased capital spending. In this context, penny stocks—often smaller or newer companies with solid financial foundations—can still present intriguing opportunities for those seeking value and growth. Despite their vintage name, these stocks can offer significant potential when backed by strong financials, making them an area worth exploring for investors interested in discovering under-the-radar prospects.
Let’s dive into some prime choices out of the screener.
Simply Wall St Financial Health Rating: ★★★★★★
Overview: GoldMining Inc. is a mineral exploration company focused on acquiring, exploring, and developing gold and copper assets in the Americas, with a market cap of approximately CA$446.83 million.
Operations: GoldMining Inc. currently does not report any revenue segments.
Market Cap: CA$446.83M
GoldMining Inc., with a market cap of approximately CA$446.83 million, is pre-revenue and currently unprofitable, having seen losses increase by 48% annually over the past five years. The company has no debt and its short-term assets exceed liabilities, but it only has sufficient cash runway for four months based on free cash flow estimates. Recent exploration at its Sao Jorge Project in Brazil yielded promising assay results from new gold prospects, potentially expanding its mineral resource base. The company completed a follow-on equity offering to raise capital and plans further drilling to explore high-priority targets in 2026.
TSX:GOLD Debt to Equity History and Analysis as at Feb 2026
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Steppe Gold Ltd. operates, develops, explores, and acquires precious metal projects in Mongolia and Peru with a market cap of CA$533.47 million.
Operations: The company generates revenue of $140.31 million from its Metals & Mining segment, focusing on gold and other precious metals.
Market Cap: CA$533.47M
Steppe Gold Ltd., with a market cap of CA$533.47 million, has shown significant earnings growth over the past five years despite recent negative earnings growth. The company reported revenue of $140.31 million from its Metals & Mining segment, focusing on gold and other precious metals in Mongolia and Peru. Recent executive changes include the appointment of Tserenbadam Dugeree as CEO and Dulguun Erdenebaatar as Chairman, reflecting strategic leadership shifts aimed at sustainable growth. The company’s short-term assets exceed both short- and long-term liabilities, while its debt is well-covered by operating cash flow, indicating financial stability amidst insider selling concerns.
TSX:STGO Financial Position Analysis as at Feb 2026
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Empress Royalty Corp. focuses on creating and investing in a portfolio of precious metal royalty and streaming interests in Canada, with a market cap of CA$154.87 million.
Operations: The company generates revenue primarily from the acquisition of mining royalty and streaming interests, amounting to $13.34 million.
Market Cap: CA$154.87M
Empress Royalty Corp., with a market cap of CA$154.87 million, has transitioned to profitability recently, reporting net income of US$2.96 million for the first nine months of 2025. The company has managed its debt effectively, maintaining more cash than total debt and covering interest payments comfortably with EBIT. Its short-term assets significantly exceed both short- and long-term liabilities, indicating financial stability. Recent strategic developments include Streamex Corp.’s acquisition of a 9.90% stake in Empress for $12.2 million, suggesting investor confidence in its business model focused on precious metal royalty and streaming interests.
TSXV:EMPR Debt to Equity History and Analysis as at Feb 2026
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include TSX:GOLD TSX:STGO and TSXV:EMPR.
This article was originally published by Simply Wall St.
