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White Gold
(WGO)
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Rating:45Neutral
Price Target:
C$1.50
▼(-37.50% Downside)
Action:Reiterated
Date:10/21/26
The score is held down primarily by weak financial performance (pre-revenue, widening losses, and ongoing cash burn), with additional pressure from bearish technicals (price below key moving averages and negative MACD). Valuation provides limited support because negative earnings make the P/E less informative and no dividend yield is available.
Positive Factors
Debt-free balance sheet
Zero reported debt limits interest obligations and refinancing exposure, giving the company greater balance-sheet flexibility than a similarly early-stage explorer with leverage. This provides capacity to direct available capital toward exploration and helps reduce financial distress risk during development uncertainty.
Negative Factors
No operating revenue
A zero-revenue profile means the company has not yet established an operating income base to fund exploration or corporate costs. Its financial progress therefore depends on advancing properties successfully and securing external capital or transactions before sustainable self-funded growth is possible.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt limits interest obligations and refinancing exposure, giving the company greater balance-sheet flexibility than a similarly early-stage explorer with leverage. This provides capacity to direct available capital toward exploration and helps reduce financial distress risk during development uncertainty.
Read all positive factors
White Gold (WGO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$331.51M
Dividend YieldN/A
Average Volume (3M)244.43K
Price to Earnings (P/E)―
Beta (1Y)3.29
Revenue GrowthN/A
EPS Growth-101.53%
CountryCA
Employees8
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding225,516,980
10 Day Avg. Volume255,753
30 Day Avg. Volume244,431
Financial Highlights & Ratios
PEG Ratio-1.49
Price to Book (P/B)1.75
Price to Sales (P/S)0.00
P/FCF Ratio-39.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$4.78Price Target Upside99.20% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.01
Revenue Forecast (FY)N/A
White Gold Business Overview & Revenue Model
Company Description
White Gold Corp. is a Canadian enterprise dedicated to the acquisition, exploration, and development of mineral properties. Its primary undertaking is the Golden Saddle and Arc deposits, which are part of the White Gold property situated near Daws...
How the Company Makes Money
White Gold Corp. does not have publicly available information indicating recurring operating revenue from producing mines. Instead, it is primarily funded through capital markets financing and related corporate transactions typical of exploration-...
White Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -61.36K | -123.09K | -2.20K | -133.25K | -4.49K | -6.41K |
| EBITDA | -5.70M | -4.64M | -2.41M | -2.06M | -472.01K | -3.20M |
| Net Income | -5.77M | -3.85M | -2.51M | -2.22M | -1.10M | -1.21M |
Balance Sheet | ||||||
| Total Assets | 159.45M | 157.86M | 137.98M | 134.49M | 131.14M | 127.60M |
| Cash, Cash Equivalents and Short-Term Investments | 16.66M | 20.14M | 4.38M | 4.93M | 6.13M | 9.65M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 19.76M | 16.12M | 15.17M | 14.26M | 13.90M | 13.96M |
| Stockholders Equity | 139.69M | 141.73M | 122.82M | 120.23M | 117.25M | 113.64M |
Cash Flow | ||||||
| Free Cash Flow | -4.20M | -6.28M | -1.41M | -6.28M | -7.91M | -7.77M |
| Operating Cash Flow | -994.58K | -2.47M | -1.41M | -1.73M | -1.04M | -3.11M |
| Investing Cash Flow | -7.66M | -3.81M | -4.02M | -4.55M | -6.86M | -4.66M |
| Financing Cash Flow | 22.91M | 22.05M | 4.87M | 5.08M | 4.39M | 13.36M |
White Gold Technical Analysis
Negative
2.40
Price Trends
1.91
Negative
1.84
Negative
1.81
Negative
Market Momentum
-0.11
Negative
37.95
Neutral
67.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WGO, the sentiment is Negative. The current price of 2.4 is above the 20-day moving average (MA) of 1.60, above the 50-day MA of 1.91, and above the 200-day MA of 1.81, indicating a bearish trend. The MACD of -0.11 indicates Negative momentum. The RSI at 37.95 is Neutral, neither overbought nor oversold. The STOCH value of 67.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:WGO.
White Gold 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 | C$45.94M | -1.10 | 4706.10% | ― | ― | -131.06% | |
48 Neutral | C$85.99M | -9.45 | -10.51% | ― | ― | -108.87% | |
47 Neutral | C$84.97M | -45.83 | -2.97% | ― | ― | ― | |
45 Neutral | C$331.51M | -55.68 | -4.25% | ― | ― | -101.53% | |
44 Neutral | C$44.50M | -55.17 | -2.63% | ― | ― | 22.92% | |
34 Underperform | C$71.14M | -15.99 | -59.35% | ― | ― | -264.04% |
* Basic Materials Sector Average
TSE:WGO
White Gold
1.47
0.52
53.93%
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50.00%
White Gold Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
White Gold Corp. Files High-Return PEA for Yukon Flagship Project
Positive
Sep 25, 2026
White Gold Corp. has filed a maiden Preliminary Economic Assessment for its flagship White Gold Project in the Yukon, outlining a technically straightforward, 12,000 tonne per day open pit mine. The study envisions a 9.4-year operation producing a...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
White Gold Secures Court Approval for Critical Minerals Spin-Out and Lifts Financing to $10 Million
Positive
Aug 28, 2026
White Gold Corp. has secured a final court order for the spin-out of its Yukon critical mineral assets into W2 Critical Minerals, with the transaction now awaiting remaining regulatory approvals and tied to a $10 million upsized private placement....
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.