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Western Gold Resources Ltd.
(Sydney:WGR)
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Rating:43Neutral
Price Target:
AU$0.12
▼(-42.00% Downside)
Action:Reiterated
Date:07/04/26
The score is held down primarily by weak financial performance—ongoing large losses and persistent negative operating/free cash flow—despite a cleaner balance sheet with no reported debt. Technical signals also remain bearish with the price below key moving averages and negative MACD. Valuation offers limited support because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
No reported debt / manageable leverage
The absence of reported debt in 2025 materially reduces fixed financing obligations and bankruptcy risk over the next several months. With no interest burden, management has greater flexibility to manage cash burn, access financing on better terms, and prioritize operational recovery rather than servicing debt.
Negative Factors
Persistent operating and net losses
Sustained operating and net losses indicate the core business is not yet profitable and will pressure equity returns and retained earnings. Over a 2–6 month horizon, continued losses limit reinvestment, raise the probability of further dilution, and make strategic initiatives harder to fund without external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
No reported debt / manageable leverage
The absence of reported debt in 2025 materially reduces fixed financing obligations and bankruptcy risk over the next several months. With no interest burden, management has greater flexibility to manage cash burn, access financing on better terms, and prioritize operational recovery rather than servicing debt.
Read all positive factors
Western Gold Resources Ltd. (WGR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$35.46M
Dividend YieldN/A
Average Volume (3M)1.17M
Price to Earnings (P/E)―
Beta (1Y)2.59
Revenue GrowthN/A
EPS Growth-86.59%
CountryAU
Employees6
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding295,484,560
10 Day Avg. Volume1,487,174
30 Day Avg. Volume1,171,376
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)11.09
Price to Sales (P/S)229.66
P/FCF Ratio-8.12
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
Western Gold Resources Ltd. Business Overview & Revenue Model
Company Description
Western Gold Resources Limited, an Australian company headquartered in West Perth and founded in 2009, specializes in discovering and mining mineral deposits. The firm's key asset is its stake in the Wiluna West Gold Project, located in Wiluna, We...
How the Company Makes Money
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Western Gold Resources Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
44
Neutral
Cash Flow
20
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 66.64K | 4.64K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -5.51K | 66.64K | 4.64K | -1.78K | -1.82K | 0.00 |
| EBITDA | -5.56M | -1.97M | -2.43M | -1.90M | -4.01M | -1.56M |
| Net Income | -7.23M | -2.50M | -3.11M | -1.90M | -4.01M | 2.05M |
Balance Sheet | ||||||
| Total Assets | 6.40M | 1.68M | 2.07M | 1.29M | 2.92M | 838.75K |
| Cash, Cash Equivalents and Short-Term Investments | 5.43M | 608.40K | 751.32K | 658.71K | 2.13M | 31.25K |
| Total Debt | 3.00M | 0.00 | 500.00K | 0.00 | 0.00 | 463.62K |
| Total Liabilities | 3.55M | 303.68K | 740.81K | 261.94K | 460.41K | 813.40K |
| Stockholders Equity | 2.85M | 1.38M | 1.33M | 1.03M | 2.46M | 25.34K |
Cash Flow | ||||||
| Free Cash Flow | -5.60M | -1.88M | -2.24M | -1.95M | -4.17M | -693.37K |
| Operating Cash Flow | -5.57M | -1.88M | -2.22M | -1.95M | -4.16M | -693.37K |
| Investing Cash Flow | -26.28K | 198.00K | -99.19K | 0.00 | -12.88K | 0.00 |
| Financing Cash Flow | 10.85M | 1.54M | 2.41M | 475.24K | 6.27M | 724.62K |
Western Gold Resources Ltd. Technical Analysis
Neutral
0.20
Price Trends
0.13
Negative
0.15
Negative
0.17
Negative
Market Momentum
>-0.01
Negative
48.48
Neutral
52.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WGR, the sentiment is Neutral. The current price of 0.2 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.13, and above the 200-day MA of 0.17, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.48 is Neutral, neither overbought nor oversold. The STOCH value of 52.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:WGR.
Western Gold Resources Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$46.62M | -8.42 | -35.89% | ― | ― | -69.57% | |
47 Neutral | AU$47.12M | 19.44 | 7.66% | ― | 400.00% | ― | |
45 Neutral | AU$49.49M | -2.01 | -40.23% | ― | ― | -140.00% | |
44 Neutral | AU$23.79M | -335.00 | -4.96% | ― | -100.00% | -7.14% | |
44 Neutral | AU$19.91M | -5.38 | -78.42% | ― | ― | 46.51% | |
43 Neutral | AU$35.46M | -3.50 | -342.09% | ― | ― | -86.59% |
* Basic Materials Sector Average
AU:WGR
Western Gold Resources Ltd.
0.12
0.04
50.00%
AU:ODY
Odyssey Gold Limited
0.03
0.01
73.68%
AU:AAM
Matador Mining Ltd
0.03
<0.01
17.24%
AU:HAW
Hawthorn Resources Limited
0.07
0.01
22.41%
AU:MVL
Marvel Gold Ltd.
0.01
<0.01
7.69%
AU:KZR
Kalamazoo Resources Ltd.
0.15
0.06
70.45%
Western Gold Resources Ltd. Corporate Events
Western Gold Resources Reports Expiry of 17.4 Million Unexercised Options
Jun 30, 2026
Western Gold Resources Ltd. has notified the market of the cessation of a series of listed options, WGRAM, which expired on June 30, 2026 without being exercised. The options carried an exercise price of $0.15 and totaled 17,388,131 securities, an...
Western Gold Resources Issues New Shares to Satisfy Loan Interest
Jun 19, 2026
Western Gold Resources Ltd. has issued 1,435,750 new fully paid ordinary shares to professional and sophisticated investors as payment of interest under a previously announced A$3 million loan facility. The shares, priced at A$0.08 each, reflect t...
Western Gold Resources Seeks Quotation for Additional ASX Shares
Jun 19, 2026
Western Gold Resources Ltd., an Australian gold exploration company listed on the ASX under code WGR, focuses on identifying and advancing gold projects for investors seeking exposure to the precious metals sector. Its ordinary fully paid shares f...
Western Gold Resources Director Sees Lapse of Unvested Performance Rights
Jun 2, 2026
Western Gold Resources has reported a change in director Cullum Winn’s relevant interests following the expiry of a tranche of performance rights. Winn holds his interests indirectly via the Winn Family Trust, where he is trustee and a poten...
Western Gold Resources Reports Lapse of 3 Million Performance Rights
Jun 2, 2026
Western Gold Resources Ltd., an Australian gold exploration and resources company listed on the ASX under ticker WGR, focuses on developing mineral assets to drive shareholder value in the mining sector. Its primary activities involve identifying,...
Western Gold Resources advances Gold Duke toward production with stronger balance sheet
Apr 30, 2026
Western Gold Resources reported that a strong cash position of $4.5 million and robust gold prices are underpinning the ramp‑up of Stage 1 mining at its flagship Gold Duke Project near Wiluna. The company is concentrating on extensional dril...
Western Gold Resources Extends Toll Milling Deal to De-Risk Gold Duke Project
Apr 29, 2026
Western Gold Resources has secured a six-month extension to its toll milling agreement with Wiluna Mining Corporation, reinforcing processing certainty for ore from its Gold Duke Project. The renewed deal ensures all currently defined Stage 1 ore ...
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.