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Ausgold Limited
(Sydney:AUC)
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Rating:58Neutral
Price Target:
AU$1.50
â–˛(4.17% Upside)
Action:Reiterated
Date:09/06/26
The score is constrained primarily by weak financial performance (no revenue, widening losses, and heavy negative free cash flow), which elevates funding and execution risk despite very low leverage. Technicals provide meaningful support with a strong, broadly confirmed uptrend and positive momentum. Valuation contributes modestly negatively because earnings are negative and no dividend yield is available.
Positive Factors
Very Low Leverage
Extremely low leverage reduces insolvency and interest-burden risk while preserving financial flexibility for project development. This gives Ausgold more capacity to pursue its gold assets and withstand funding or execution setbacks than a highly indebted developer.
Negative Factors
No Operating Revenue
Ausgold remains pre-revenue, so it lacks operating cash inflows to fund exploration and development. The company must therefore rely on capital markets, asset transactions or future partnerships until a project reaches production, creating a durable funding dependency.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Extremely low leverage reduces insolvency and interest-burden risk while preserving financial flexibility for project development. This gives Ausgold more capacity to pursue its gold assets and withstand funding or execution setbacks than a highly indebted developer.
Read all positive factors
Ausgold Limited (AUC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$711.87M
Dividend Yield3.03%
Average Volume (3M)4.87M
Price to Earnings (P/E)―
Beta (1Y)0.92
Revenue GrowthN/A
EPS Growth30.19%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding551,838,440
10 Day Avg. Volume3,186,963
30 Day Avg. Volume4,866,697
Financial Highlights & Ratios
PEG Ratio1.12
Price to Book (P/B)1.80
Price to Sales (P/S)0.00
P/FCF Ratio-16.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.50Price Target Upside4.17% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-0.04
Revenue Forecast (FY)N/A
Ausgold Limited Business Overview & Revenue Model
Company Description
Ausgold Limited explores for gold and other precious metals in Australia. The company’s flagship property is the 100% owned Katanning gold project, which covers approximately 3,500 square kilometers located in the Katanning Greenstone Belt in the ...
How the Company Makes Money
Ausgold does not typically generate recurring operating revenue in the way a producing miner does; as an exploration and development company, its primary objective is to create value by discovering, defining, and advancing gold deposits toward dev...
Ausgold Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
78
Positive
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 49.52K | 1.89K |
| Gross Profit | -382.32K | -1.71M | -368.41K | -257.51K | -137.79K |
| EBITDA | -9.51M | -9.12M | -7.75M | -4.87M | -2.43M |
| Net Income | -9.72M | -10.75M | -8.34M | -5.23M | -2.59M |
Balance Sheet | |||||
| Total Assets | 247.46M | 103.83M | 89.44M | 81.55M | 73.97M |
| Cash, Cash Equivalents and Short-Term Investments | 87.36M | 12.03M | 5.00M | 9.54M | 11.05M |
| Total Debt | 1.41M | 428.35K | 2.78M | 1.02M | 119.25K |
| Total Liabilities | 32.36M | 5.51M | 5.32M | 2.95M | 2.20M |
| Stockholders Equity | 215.10M | 98.32M | 84.12M | 78.59M | 71.78M |
Cash Flow | |||||
| Free Cash Flow | -23.99M | -13.60M | -19.57M | -12.75M | -12.13M |
| Operating Cash Flow | -1.65M | -2.46M | -2.56M | -2.24M | -1.14M |
| Investing Cash Flow | -46.04M | -11.13M | -16.90M | -10.57M | -11.02M |
| Financing Cash Flow | 123.02M | 20.62M | 15.05M | 11.29M | 15.63M |
Ausgold Limited Technical Analysis
Neutral
1.44
Price Trends
1.28
Negative
1.06
Positive
1.04
Positive
Market Momentum
>-0.01
Positive
46.22
Neutral
31.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AUC, the sentiment is Neutral. The current price of 1.44 is above the 20-day moving average (MA) of 1.31, above the 50-day MA of 1.28, and above the 200-day MA of 1.04, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.22 is Neutral, neither overbought nor oversold. The STOCH value of 31.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:AUC.
Ausgold Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$515.81M | 1.47 | 33.30% | 4.37% | 216.46% | 225.85% | |
64 Neutral | AU$298.56M | 5.09 | 25.79% | ― | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | AU$711.87M | -59.07 | -4.83% | 3.03% | ― | 30.19% | |
54 Neutral | AU$897.30M | -16.91 | -48.77% | ― | ― | -72.53% | |
52 Neutral | AU$747.96M | -10.82 | -25.63% | ― | 91.40% | ― | |
44 Neutral | AU$375.21M | -14.68 | -25.87% | ― | ― | 50.24% |
* Basic Materials Sector Average
AU:AUC
Ausgold Limited
1.29
0.37
40.22%
AU:FML
Focus Minerals Ltd
1.80
-0.28
-13.50%
AU:MEK
Meeka Gold Limited
0.09
-0.12
-58.57%
AU:TCG
Turaco Gold Ltd
0.83
0.33
66.00%
AU:ASL
Mitre Mining Corporation Limited
1.63
-0.37
-18.50%
AU:BTR
Brightstar Resources Limited
0.68
0.13
23.85%
Ausgold Limited Corporate Events
Ausgold Agrees OceanaGold Takeover as Katanning Project Advances
Oct 7, 2026
Ausgold Limited has entered into a Binding Scheme Implementation Deed under which a wholly owned subsidiary of OceanaGold Corporation will acquire 100% of the company via a court-approved scheme of arrangement, delivering a board‑recommended...
JPMorgan Ceases to Be Substantial Holder in Ausgold Limited
Oct 7, 2026
JPMorgan Chase Co. and its affiliates have notified Ausgold Limited that they have ceased to be a substantial holder in the company as of 5 October 2026. The change reflects a series of transactions including securities lending, rehypothecation u...
Ausgold secures ASX waiver to streamline warrant treatment in OceanaGold takeover
Sep 22, 2026
Ausgold Limited has outlined the treatment of its 6,000,004 vested unlisted warrants as part of the proposed acquisition by a wholly owned Australian subsidiary of OceanaGold Corporation through a court-approved scheme of arrangement. Subject to t...
Ausgold Seeks ASX Quotation for 2 Million New Shares
Sep 21, 2026
Ausgold Limited, an Australian resources company listed on the ASX under the code AUC, is financed through publicly traded ordinary shares that provide investors exposure to its operations and growth. The company’s compliance with ASX Listin...
Ausgold Issues 2 Million Shares on Option Conversion Under Cleansing Notice
Sep 21, 2026
Ausgold Limited has issued 2,000,000 fully paid ordinary shares following the exercise and conversion of unlisted options, and has notified investors that these shares were issued without a prospectus under the relevant provisions of the Corporati...
Jupiter Asset Management Exits Substantial Holding in Ausgold
Sep 20, 2026
Jupiter Asset Management Limited has disclosed that it has ceased to be a substantial holder in Ausgold Limited following the sale of 65,272,175 ordinary shares on 18 September 2026 for total consideration of AUD 83,506,609.81. The exit of this ma...
Ausgold Performance Rights Lapse After Conditions Not Met
Sep 14, 2026
Ausgold Limited has notified the market that 13,104 performance rights have lapsed after the conditions attached to these securities were not met or became incapable of being satisfied. The cessation of these rights slightly reduces the company...
Ausgold sets date and moves AGM communications online
Sep 7, 2026
Ausgold Limited has scheduled its 2026 Annual General Meeting for 13 October 2026 at 10:00am AWST in Perth, and has begun formally notifying shareholders. The meeting will be conducted by poll, with votes to be cast via proxy or in person, undersc...
Ausgold Details ASX Governance Compliance in Appendix 4G Filing
Aug 31, 2026
Ausgold Limited has lodged its Appendix 4G with the ASX, outlining how it complies with the ASX Corporate Governance Council’s principles for the year ended 30 June 2026. The company has published its corporate governance statement on its we...
Ausgold Highlights Governance Structure in 2026 Annual Report
Aug 31, 2026
Ausgold Limited has outlined its corporate directory in its 2026 annual report, detailing the composition of its board, company secretaries and the location of its registered office in Perth. The report also confirms key corporate infrastructure s...
Ausgold Director Converts Performance Rights into Ordinary Shares
Aug 27, 2026
Ausgold Limited has reported a change in director Paul Weedon’s indirect interests following the vesting and conversion of performance rights into fully paid ordinary shares. Through Wylie Weedon Pty Ltd and the associated family trust, Weed...
Ausgold Seeks ASX Quotation for Additional Ordinary Shares
Aug 27, 2026
Ausgold Limited has lodged an application with the ASX for quotation of an additional tranche of ordinary fully paid shares. The company is seeking quotation for 145,392 new shares, further expanding its listed securities base.The new securities a...
OceanaGold Details Acquisition Plans for Ausgold and Katanning Project
Aug 17, 2026
OceanaGold Corporation has outlined plans for its acquisition of Ausgold Limited, emphasizing the strategic rationale, expected benefits to both companies’ shareholders, and integration of Ausgold’s Katanning Gold Project into its port...
OceanaGold to Acquire Ausgold in A$776 Million Deal for Katanning Gold Project
Aug 17, 2026
OceanaGold Corporation has agreed to acquire 100% of Ausgold Limited via an Australian court-approved scheme of arrangement, valuing Ausgold at about A$776 million, with shareholders offered OceanaGold shares or a capped cash alternative. The deal...
OceanaGold to acquire Ausgold in A$776m premium-backed scheme
Aug 17, 2026
Ausgold Limited has agreed to be acquired by OceanaGold Corporation through a court-approved scheme of arrangement, under which OceanaGold will purchase 100% of Ausgold via a mix of scrip and cash. The deal values Ausgold at approximately A$776 mi...
Ausgold Shares Halted Pending Potential Change-of-Control Announcement
Aug 16, 2026
Ausgold Limited has requested and been granted a trading halt on its shares by the ASX, effective 17 August 2026, as it prepares to release an announcement regarding a potential change-of-control transaction. The halt is expected to remain in plac...
Ausgold Sets Date for 2026 AGM and Director Nomination Deadline
Aug 13, 2026
Ausgold Limited has scheduled its 2026 Annual General Meeting for 13 October 2026 in accordance with ASX requirements, giving shareholders advance notice of the key corporate governance event. The company will issue a formal Notice of Annual Gener...
Ausgold Reports Lapse of 12,600 Performance Rights
Aug 6, 2026
Ausgold Limited has reported the lapse of 12,600 performance rights, which ceased on 6 July 2026 after the conditions attached to these rights were not met or became incapable of being satisfied. The cessation of these performance rights slightly ...
Ausgold Director Increases Equity Holding via Performance Rights Vesting
Aug 6, 2026
Ausgold Limited has reported a change in the holdings of director Mark Barlow Turner, following the vesting of performance-based incentives. The director converted 500,000 performance rights into 500,000 ordinary shares at no cash consideration, r...
Ausgold Director Boosts Indirect Shareholding as Performance Rights Vest
Aug 6, 2026
Ausgold Limited has reported a change in the indirect holdings of director John Andrew Dorward, following the vesting and conversion of performance rights into ordinary shares. Through Gumnut Pty Ltd as trustee for The Maple Trust, Dorward’s...
Ausgold Director Increases Equity Stake Through Performance Rights Vesting
Aug 6, 2026
Ausgold Limited has disclosed a change in the holdings of director Adrian James Goldstone, following the vesting and conversion of performance rights into ordinary shares. The transaction, effective 5 August 2026, resulted in no cash consideration...
Ausgold Issues New Unquoted Performance Rights Under Incentive Scheme
Aug 5, 2026
Ausgold Limited has notified the market of the issue of 162,500 unquoted performance rights under its employee incentive scheme. These securities, not intended to be quoted on the ASX, form part of the company’s broader remuneration structur...
Ausgold Seeks ASX Quotation for 1.83 Million New Shares
Aug 5, 2026
Ausgold Limited has applied to the Australian Securities Exchange for quotation of additional ordinary fully paid shares under its AUC ticker. The move underscores the company’s reliance on ASX equity issuance as a tool for capital managemen...
Ausgold Issues New Shares Following Performance Rights Conversion
Aug 5, 2026
Ausgold Limited is an Australian-listed company in the resources sector, trading on the ASX under the ticker AUC. The company’s operations are supported by an Employee Incentive Plan that issues performance rights, which can be converted int...
Ausgold Issues New Unquoted Performance Rights Under Incentive Scheme
Jul 21, 2026
Ausgold Limited has notified the market of the issue of 450,000 unquoted performance rights under its employee incentive scheme, effective July 21, 2026. The grant of these securities, which are not intended to be quoted on the ASX, underscores th...
Ausgold Confirms No Change in Director John Dorward’s Equity Interests
Jul 14, 2026
Ausgold Limited has reported no change in the relevant interests held by director John Dorward, according to an updated director’s interest notice lodged with the ASX. The filing details his existing holdings in Ausgold shares, options and p...
Ausgold Issues New Unquoted Performance Rights Under Employee Incentive Plan
Jul 14, 2026
Ausgold Limited has notified the market of the issue of 2,729,408 unquoted performance rights under its employee incentive scheme, dated July 13, 2026. The new performance rights, which will not be quoted on the ASX, underscore the company’s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.