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Far East Gold Ltd
(Sydney:FEG)
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Rating:47Neutral
Price Target:
AU$0.11
â–¼(-19.29% Downside)
Action:Reiterated
Date:10/04/26
Overall score is held back primarily by pre-revenue financial performance (persistent losses and negative cash flow), which creates ongoing funding and execution risk despite a relatively low-debt balance sheet. Technicals add further pressure with the stock trading below key moving averages and a negative MACD. Valuation provides limited support due to negative earnings and no dividend yield data.
Positive Factors
Low Financial Leverage
Minimal debt reduces solvency and refinancing pressure while preserving financial flexibility for exploration and development. Compared with a highly leveraged project developer, this balance-sheet profile gives Far East Gold more capacity to manage funding cycles and pursue technical work without substantial interest burdens.
Negative Factors
No Operating Revenue
Without operating revenue, Far East Gold remains dependent on external funding rather than cash generated by its Indonesian gold projects. This limits financial self-sufficiency and leaves progress toward production exposed to financing availability, project execution, and the time required to commercialize assets.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
Minimal debt reduces solvency and refinancing pressure while preserving financial flexibility for exploration and development. Compared with a highly leveraged project developer, this balance-sheet profile gives Far East Gold more capacity to manage funding cycles and pursue technical work without substantial interest burdens.
Read all positive factors
Far East Gold Ltd (FEG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$47.96M
Dividend YieldN/A
Average Volume (3M)65.17K
Price to Earnings (P/E)―
Beta (1Y)0.85
Revenue GrowthN/A
EPS Growth-7.35%
CountryAU
Employees35
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding417,027,470
10 Day Avg. Volume57,714
30 Day Avg. Volume65,170
Financial Highlights & Ratios
PEG Ratio-0.73
Price to Book (P/B)1.38
Price to Sales (P/S)0.00
P/FCF Ratio-30.85
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Far East Gold Ltd Business Overview & Revenue Model
Company Description
Far East Gold Limited (FEG.AX) is an Australian enterprise focused on identifying, assessing, acquiring, and advancing mineral resource projects across Indonesia and Australia. The company's exploration efforts are concentrated on discovering valu...
How the Company Makes Money
null...
Far East Gold Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
34
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -80.01K | -86.60K | -78.27K | -66.61K | -41.73K |
| EBITDA | -2.40M | -6.42M | -1.45M | -2.70M | -3.38M |
| Net Income | -8.06M | -6.48M | -1.66M | -2.50M | -3.43M |
Balance Sheet | |||||
| Total Assets | 54.57M | 46.63M | 33.26M | 30.97M | 25.39M |
| Cash, Cash Equivalents and Short-Term Investments | 1.90M | 10.94M | 1.09M | 3.93M | 9.10M |
| Total Debt | 40.42K | 76.20K | 116.95K | 119.78K | 71.52K |
| Total Liabilities | 1.09M | 698.67K | 1.72M | 2.37M | 305.32K |
| Stockholders Equity | 42.55M | 43.36M | 28.95M | 25.97M | 22.22M |
Cash Flow | |||||
| Free Cash Flow | -1.91M | -4.62M | -9.11M | -11.23M | -4.75M |
| Operating Cash Flow | -1.90M | -4.61M | -2.19M | -1.32M | -3.02M |
| Investing Cash Flow | 400.68K | -11.46M | -6.93M | -9.91M | -1.73M |
| Financing Cash Flow | -42.42K | 18.43M | 6.26M | 6.06M | 11.10M |
Far East Gold Ltd Technical Analysis
Negative
0.14
Price Trends
0.13
Negative
0.13
Negative
0.14
Negative
Market Momentum
>-0.01
Positive
45.08
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FEG, the sentiment is Negative. The current price of 0.14 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.13, and below the 200-day MA of 0.14, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.08 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FEG.
Far East Gold Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$93.53M | 1.93 | 78.58% | 13.92% | 157.71% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$278.35M | -43.46 | -16.03% | ― | ― | -50.29% | |
47 Neutral | AU$47.96M | -5.25 | -20.06% | ― | ― | -7.35% | |
43 Neutral | AU$219.03M | -4.33 | -45.72% | ― | ― | 10.08% | |
42 Neutral | AU$92.21M | -22.56 | -18.77% | ― | ― | 50.30% |
* Basic Materials Sector Average
AU:FEG
Far East Gold Ltd
0.12
-0.02
-14.81%
AU:AGD
Austral Gold
0.14
0.09
180.00%
AU:G50
Gold 50 Ltd.
0.37
-0.01
-2.63%
AU:MTM
Mt Monger Resources Ltd.
0.29
-0.96
-76.89%
AU:MM1
Midas Minerals Limited
1.13
0.70
165.88%
AU:MPK
Many Peaks Gold Ltd.
1.00
0.11
12.36%
Far East Gold Ltd Corporate Events
Far East Gold Trading Reinstated on ASX After Lodging Full-Year Accounts
Oct 1, 2026
Far East Gold Ltd has had the suspension of trading in its securities lifted by the ASX, with quotation to resume from the commencement of trading on Friday, 2 October 2026. The reinstatement follows the lodgement of the company’s full-year ...
Far East Gold Suspended from ASX for Late Periodic Report
Oct 1, 2026
Far East Gold Ltd has had its securities suspended from quotation on the ASX after failing to lodge a required periodic report by the exchange’s deadline. The suspension forms part of a broader action affecting multiple listed entities and w...
Far East Gold Publishes 2026 Annual Financial Report and Updates Corporate Directory
Sep 30, 2026
Far East Gold Ltd has released its financial report for the year ended 30 June 2026, underscoring its status as a listed gold exploration and development company on the Australian Securities Exchange. The report provides an updated corporate direc...
Far East Gold faces dual shareholder meetings on board shake-up and control
Sep 21, 2026
Far East Gold Ltd has called an Extraordinary General Meeting for 21 October 2026 to vote on resolutions to remove directors Monique Tang, Justin Hastings and Michael Thirnbeck under Australian corporations law. The meeting follows a requisition f...
Far East Gold Faces Shareholder-Led Board Spill as Major Investor Conditions Future Funding
Sep 9, 2026
Far East Gold has disclosed that its largest shareholder, Xingye Gold (Hong Kong) Mining Company Limited, has issued a notice under section 249F of the Corporations Act to convene an extraordinary general meeting on 3 November 2026. The meeting wi...
Far East Gold Faces Shareholder Bid to Oust Three Directors
Sep 3, 2026
Far East Gold Ltd has disclosed that two shareholders, who claim to collectively hold about 5.5% of the company’s voting power, have issued a formal notice seeking the removal of three directors, Monique Tang, Justin Hastings and Michael Thi...
Far East Gold Faces Proposed Board Clean-Out by Major Shareholder
Sep 2, 2026
Far East Gold Ltd has disclosed that it has received a formal notice under Section 203D of the Corporations Act from major shareholder Xingye Gold (Hong Kong) Mining Company Limited. The notice proposes the immediate removal of four current direct...
Far East Gold Advances High-Grade Idenburg Project With Scoping Study
Aug 25, 2026
Far East Gold has completed an independent scoping study for the Idenburg Gold Project’s Sua prospect in Papua, Indonesia, outlining conceptual development pathways based on near-surface, high-grade mineralisation and potential open-pit mini...
Far East Gold Tightens Governance After Late Director Interest Disclosure
Aug 12, 2026
Far East Gold Ltd has responded to an ASX compliance query regarding the late lodgement of an Appendix 3Y notice for director Michael Thirnbeck, whose change in notifiable interest arose from accepting an off-market takeover bid by Xingye Gold (Ho...
Far East Gold director exits shareholding via takeover bid
Aug 7, 2026
Far East Gold Ltd has disclosed that director Michael Robert Thirnbeck has sold his entire holding of 173,234 fully paid ordinary shares in the company for consideration of $22,520.42. Following the disposal, Thirnbeck retains 1 million options an...
Far East Gold Confirms Close of Xingye Takeover Offer and Updated Ownership Structure
Aug 5, 2026
Far East Gold Ltd has confirmed the close of the off-market takeover offer from Xingye Gold (Hong Kong) Mining Company Limited, which ended at 7:00 p.m. Sydney time on 29 July 2026. In line with ASX requirements, the company has provided an update...
Far East Gold Announces Upcoming Expiry of 1 Million Unlisted Options
Jul 31, 2026
Far East Gold Ltd has notified holders of 1,000,000 unlisted options, exercisable at $0.40, that these securities are scheduled to expire at 5:00 PM AEDT on Friday, 21 August 2026.The expiry of these options clarifies the company’s near-term...
Far East Gold boosts Idenburg stake and resource as it rebuffs undervalued takeover bid
Jul 30, 2026
Far East Gold reported a highly active June 2026 quarter, highlighted by increasing its ownership in the Idenburg Gold Project to 51% and launching an Indonesian feasibility study that could lift its stake to 80%. An updated JORC 2012 inferred res...
Far East Gold Board Reaffirms Rejection of Xingye Takeover Bid
Jul 29, 2026
Far East Gold Ltd has issued a fourth supplementary target’s statement in response to an unsolicited, conditional off‑market takeover bid from Xingye Gold (Hong Kong) Mining Company Limited for all ordinary fully paid shares. The Indep...
Far East Gold Board Urges Shareholders to Reject Undervalued Xingye Takeover Bid
Jul 27, 2026
Far East Gold’s Independent Board Committee has lodged a Third Supplementary Target’s Statement in response to Xingye Gold’s latest bidder’s statement, rejecting what it calls false and misleading assertions. The committee ...
Far East Gold Board Urges Shareholders to Reject Xingye Takeover Bid
Jul 27, 2026
Far East Gold Ltd has issued a third supplementary target’s statement in response to an unsolicited conditional off-market takeover bid from Xingye Gold (Hong Kong) Mining Company Limited. The independent board committee reiterates its unani...
Xingye intensifies takeover push for Far East Gold amid asset and solvency concerns
Jul 24, 2026
Xingye Gold (Hong Kong) Mining Company has issued a fifth supplementary bidder’s statement in its off‑market takeover bid for Far East Gold, urging shareholders to ignore the target’s latest recommendation and accept its uncondit...
Far East Gold Urges Shareholders to Reject Undervalued Xingye Bid
Jul 21, 2026
Far East Gold’s Independent Board Committee has lodged a Second Supplementary Target’s Statement and reaffirmed its unanimous recommendation that shareholders reject Xingye Gold’s takeover bid. The committee highlights that both ...
Xingye Gold Pushes Unconditional Takeover Bid for Struggling Far East Gold
Jul 21, 2026
Xingye Gold (Hong Kong) Mining Company has issued a fourth supplementary bidder’s statement in its off‑market takeover bid for Far East Gold Ltd, urging shareholders to accept its cash offer before it closes on 29 July 2026. The bidder...
Far East Gold Urges Shareholders to Reject Xingye Takeover Bid
Jul 14, 2026
Far East Gold Ltd has issued a supplementary target’s statement in response to an unsolicited conditional off-market takeover bid from Xingye Gold (Hong Kong) Mining Company Limited for all of its ordinary shares. The Independent Board Commi...
Xingye Gold Tightens Grip on Far East Gold with Conditional Premium Offer
Jul 9, 2026
Xingye Gold (Hong Kong) Mining Company Limited has disclosed that it now holds relevant interests in 33.79% of Far East Gold’s shares and is the only party currently making an offer for all outstanding stock. The bidder has signalled it will...
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.