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Westward Gold Inc
(WG)
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Rating:45Neutral
Price Target:
C$0.21
▼(-41.67% Downside)
Action:Reiterated
Date:10/06/26
The score is held down primarily by the pre-revenue profile with ongoing net losses and persistent negative free cash flow, indicating continued dependence on external funding. A debt-free balance sheet and growing equity base help offset risk, but technicals show only modest longer-term support with weak near-term momentum, and valuation is difficult to justify using earnings due to negative profitability and no dividend yield.
Positive Factors
Debt-Free Balance Sheet
A debt-free balance sheet reduces interest obligations, refinancing exposure, and financial strain while the company advances its exploration portfolio. This gives Westward Gold greater flexibility to direct available capital toward geological work and project development rather than servicing lenders.
Negative Factors
Persistent Pre-Revenue Profile
The absence of reported revenue means Westward Gold has not yet demonstrated commercial production or recurring operating income. Until an exploration asset reaches a revenue-generating stage, financial progress remains dependent on advancing projects rather than internally funded business activity.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free balance sheet reduces interest obligations, refinancing exposure, and financial strain while the company advances its exploration portfolio. This gives Westward Gold greater flexibility to direct available capital toward geological work and project development rather than servicing lenders.
Read all positive factors
Westward Gold Inc (WG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$49.39M
Dividend YieldN/A
Average Volume (3M)455.27K
Price to Earnings (P/E)―
Beta (1Y)1.27
Revenue GrowthN/A
EPS Growth8.04%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.01
Shares Outstanding235,183,090
10 Day Avg. Volume667,396
30 Day Avg. Volume455,272
Financial Highlights & Ratios
PEG Ratio0.86
Price to Book (P/B)0.97
Price to Sales (P/S)0.00
P/FCF Ratio-15.35
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
Westward Gold Inc Business Overview & Revenue Model
Company Description
Westward Gold Inc. specializes in the exploration for and advancement of mineral resources. The company's operations encompass identifying and developing mineral-rich properties across the United States. A significant portion of its exploratory ef...
How the Company Makes Money
null...
Westward Gold Inc Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | Mar 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -36.19K | 0.00 | -1.48M | -1.37M | -1.69M |
| Net Income | -2.05M | -1.35M | -1.57M | -1.44M | -1.83M |
Balance Sheet | |||||
| Total Assets | 18.09M | 10.26M | 8.95M | 8.14M | 7.72M |
| Cash, Cash Equivalents and Short-Term Investments | 4.18M | 841.34K | 420.31K | 493.97K | 2.53M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 190.40K | 173.29K | 394.56K | 219.43K | 143.00K |
| Stockholders Equity | 17.90M | 10.09M | 8.56M | 7.92M | 7.58M |
Cash Flow | |||||
| Free Cash Flow | -1.13M | -1.46M | -793.95K | -1.14M | -1.21M |
| Operating Cash Flow | -1.10M | -1.46M | -793.95K | -1.14M | -1.20M |
| Investing Cash Flow | -4.61M | -817.66K | -722.02K | -1.74M | 102.05K |
| Financing Cash Flow | 9.05M | 2.70M | 1.44M | 848.08K | 2.44M |
Westward Gold Inc Technical Analysis
Neutral
0.36
Price Trends
0.24
Negative
0.18
Positive
0.14
Positive
Market Momentum
>-0.01
Positive
39.74
Neutral
9.09
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WG, the sentiment is Neutral. The current price of 0.36 is above the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.24, and above the 200-day MA of 0.14, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.74 is Neutral, neither overbought nor oversold. The STOCH value of 9.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:WG.
Westward Gold Inc 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% | |
51 Neutral | C$49.26M | -42.61 | -4.66% | ― | ― | 19.44% | |
48 Neutral | C$41.52M | -9.07 | -108.33% | ― | ― | -3.88% | |
47 Neutral | C$30.74M | -1.85 | -90.81% | ― | ― | -66.31% | |
46 Neutral | C$21.39M | 112.50 | 0.52% | ― | ― | -97.88% | |
45 Neutral | C$49.39M | -18.75 | -13.00% | ― | ― | 8.04% | |
44 Neutral | C$41.72M | -53.45 | -2.63% | ― | ― | 22.92% |
* Basic Materials Sector Average
TSE:WG
Westward Gold Inc
0.20
0.05
39.29%
TSE:PHNM
Phenom Resources Corp
0.38
0.08
25.00%
TSE:KG
Klondike Gold
0.16
0.04
34.78%
TSE:YRB
Yorbeau Resources Inc
0.05
>-0.01
-10.00%
TSE:VAU
Viva Gold
0.20
0.04
21.88%
TSE:QIM
Quimbaya Gold Inc
0.35
-0.47
-57.32%
Westward Gold Inc Corporate Events
Business Operations and Strategy
Westward Gold Confirms Robust Carlin-Type System at SSD Target With High-Grade Nevada Drill Hit
Positive
Aug 25, 2026
Westward Gold Inc. reported assay results from its second 2026 core hole at the SSD Target on the Toiyabe Hills Property in Nevada, with hole T2602 intersecting 34.9 metres grading 2.91 g Au/t, including a high-grade interval of 4.1 metres at 16.1...
Business Operations and Strategy
Westward Gold Confirms High-Grade Carlin-Style Mineralization at Nevada SSD Target
Positive
Aug 18, 2026
Westward Gold reported strong assay results from its first 2026 core hole at the SSD Target on the Toiyabe Hills Property in Nevada, intersecting 12.0 metres of 8.06 g Au/t within 27.0 metres of 3.72 g Au/t in Wenban Formation carbonate rocks. Man...
Business Operations and StrategyRegulatory Filings and Compliance
Westward Gold Appoints New Auditor Without Reportable Issues
Positive
Aug 6, 2026
Westward Gold Inc. has appointed Davidson Company LLP as its new independent auditor following the resignation of Smythe LLP, which occurred at the company’s request and without any reportable disagreements or modified audit opinions. The c...
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.