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Barton Gold Holdings Limited
(Sydney:BGD)
Barton Gold Holdings Limited (BGD) vs. iShares MSCI Australia ETF (EWA)
Barton Gold Holdings Limited Business Overview & Revenue Model
Barton Gold Holdings Limited Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.26M | 32.00K | 491.00K | 1.00M | 0.00 |
| Gross Profit | 8.81M | -785.00K | -193.00K | 715.00K | -230.00K |
| EBITDA | -946.00K | -8.60M | -4.98M | -3.82M | -6.86M |
| Net Income | -1.84M | -9.40M | -5.68M | -4.11M | -7.73M |
Balance Sheet | |||||
| Total Assets | 23.66M | 25.31M | 25.09M | 25.93M | 29.18M |
| Cash, Cash Equivalents and Short-Term Investments | 2.49M | 10.22M | 10.45M | 11.20M | 14.89M |
| Total Debt | 151.00K | 60.00K | 113.00K | 0.00 | 0.00 |
| Total Liabilities | 14.80M | 18.99M | 16.39M | 15.66M | 14.91M |
| Stockholders Equity | 8.86M | 6.33M | 8.70M | 10.27M | 14.27M |
Cash Flow | |||||
| Free Cash Flow | -4.87M | -6.75M | -5.04M | -4.38M | -5.26M |
| Operating Cash Flow | -4.75M | -6.52M | -4.86M | -4.37M | -5.26M |
| Investing Cash Flow | 582.00K | -23.00K | 550.00K | 676.00K | 243.00K |
| Financing Cash Flow | 2.94M | 6.31M | 3.56M | 0.00 | 18.13M |
Barton Gold Holdings Limited Technical Analysis
Barton Gold Holdings Limited Peers Comparison
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% | |
55 Neutral | AU$287.70M | -143.45 | -24.21% | ― | ― | 82.09% | |
52 Neutral | AU$18.39M | -4.72 | -7.82% | ― | ― | -28.57% | |
51 Neutral | AU$13.99M | -14.55 | -6.63% | ― | ― | -136.67% | |
46 Neutral | AU$8.20M | -3.95 | -131.62% | ― | ― | 65.32% | |
43 Neutral | AU$51.29M | -28.38 | -51.49% | ― | ― | 5.93% | |
43 Neutral | AU$13.46M | ― | ― | ― | ― | 90.70% |
Barton Gold Holdings Limited Corporate Events
Barton Gold Holdings has distributed a total of A$643,183 in Junior Minerals Exploration Incentive tax credits to around 40 eligible Australian investors who participated in its June 2025 equity placement. These credits, derived from A$2.73 million in qualifying greenfields exploration expenditure and a 25% corporate tax rate, provide investors with refundable tax offsets or franking credits equivalent to A$0.15 per A$0.70 share, representing an effective additional return of 21.4% on their investment.
The allocation underscores how Barton is using federal JMEI and R&D tax programs to fund substantial exploration and R&D work in South Australia without incurring additional costs or fees on the placement. Management emphasised that these incentives have been crucial in attracting early-stage capital and delivering significant technical outcomes, reinforcing the company’s ability to sustain exploration momentum and potentially enhancing the appeal of future capital raisings for stakeholders.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold Holdings has appointed Bedrock Advisory Partners to manage the credit component of financing for its planned Stage 1 operations at the Central Gawler Mill, adjacent to the Challenger Gold Project in South Australia. With a Definitive Feasibility Study and upgrade drilling underway, and more than 300,000 ounces of JORC gold resources, Barton is seeking to leverage its existing, fully permitted processing infrastructure for a relatively low-cost, de-risked restart focused initially on historical higher-grade tailings and limited near-surface material. The company has attracted early interest from multiple credit, minerals trading and investment groups, and Bedrock will run a formal process to evaluate financing options, drawing on its track record in arranging large-scale funding for Australian gold producers. Management expects that reinstating the mill and securing optimised credit structures will not only support Stage 1 operations but also significantly enhance development flexibility and processing options for Barton’s broader portfolio of regional gold and silver assets.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold has commenced water bore drilling and confirmed the start of an extensive second-phase resource drilling program at its Tunkillia Gold Project in South Australia, as it accelerates the project toward ore reserves, a pre-feasibility study and a mining lease application by the end of 2026. The program includes about 900 metres of drilling to identify additional water sources near planned open pits, around 28,000 metres of reverse circulation drilling to upgrade mineral resources to the JORC Indicated category, and 3,000 metres of diamond drilling to enhance geotechnical and metallurgical data, building on a 2025 optimised scoping study that outlined strong projected cash flows and rapid payback, and positioning Tunkillia as a key contributor to Barton’s targeted annual gold production of 150,000 ounces alongside its neighbouring Challenger project.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold has commenced a 8,000m reverse circulation drilling program at its Challenger Gold Project in South Australia to upgrade near-surface and open pit mineralisation to JORC (2012) Indicated resources, with the aim of converting these into Ore Reserves as part of a Definitive Feasibility Study due by 30 June 2026. The DFS is designed around a low-risk, three- to four-year Stage 1 operation using higher-grade tailings and shallow ore to restart the Central Gawler Mill without immediately redeveloping the Challenger underground mine, thereby fast-tracking producer status, enhancing the processing options for satellite projects such as Tarcoola, Wudinna and Tolmer, and positioning the company to secure project financing while benefiting from strong gold and silver prices.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold Holdings Limited reported a significant quarterly cash outflow from operating activities, driven primarily by $3.27 million in exploration and evaluation spending, alongside exploration staff, corporate staff, and administration costs, partly offset by modest customer receipts and interest income. The company limited investing cash outflows to minor property, plant and equipment and tenement expenditures, while substantially strengthening its liquidity through a $15.66 million equity capital raise, resulting in a net increase in cash for the quarter and bolstering its financial position to support ongoing exploration programs and future project advancement.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold Holdings Limited has notified the Australian Securities Exchange of the cessation of 300,000 listed options (BGDAN) that expired unexercised on 22 November 2025. The expiry of these options slightly reduces the company’s potential future share dilution and clarifies its capital structure for investors, though it does not immediately affect existing ordinary shareholders or operational activities.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold Holdings Limited has applied to the ASX for quotation of 41,887 new fully paid ordinary shares under its existing issuer code BGD. The small share issuance, arising from the exercise or conversion of existing options or other convertible securities, modestly increases the company’s quoted capital base but does not signal a transformational change to its operations or market positioning.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold has reported the final Phase 1 resource upgrade drilling assays from its Tunkillia Gold Project, confirming multiple shallow high-grade gold intersections within the optimised S1 and S2 open pits. The new results, including several 50–100 gram-metre intervals, support a geological reinterpretation toward higher-grade, vertically controlled mineralisation and underpin project economics that model the S1 and S2 pits to generate about A$1.3 billion in operating cash in the first 2.5 years, with development payback estimated at three times over that period. The company plans to commence 2026 development drilling programs in late January, including water bores, Phase 2 upgrade drilling and metallurgical and geotechnical diamond drilling, as it targets resource upgrades, a pre-feasibility study and a mining lease application by the end of 2026, potentially de-risking development and strengthening its position among emerging Australian gold producers.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold Holdings Limited has applied to the ASX for quotation of 100,000 new fully paid ordinary shares, to be traded under its existing ticker BGD. The shares result from the exercise or conversion of existing options or other convertible securities, modestly increasing the company’s quoted capital base and potentially improving liquidity for shareholders without materially altering its capital structure.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold Holdings has completed a high-resolution airborne gravity survey over the northern portion of Exploration Licence 6502 at its Challenger Gold Project in South Australia, where it holds full gold rights. The 3,239 line-kilometre survey, conducted by Xcalibur Smart Mapping, is designed to detect gravity anomalies associated with structural features analogous to the high-grade quartz vein lodes that historically produced 1.2 million ounces of gold at Challenger, potentially enabling the identification of near-mine targets that could be rapidly and economically advanced using existing infrastructure, thereby enhancing the project’s value and the company’s growth prospects.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold Holdings Limited has notified the market that several classes of unlisted options, all exercisable at nil consideration and expiring between June 2027 and June 2029, have lapsed after their vesting or other conditions were not, or could no longer be, satisfied. The lapse of a total of more than 1.4 million options reduces the company’s pool of potential future equity issuance under these instruments, modestly tightening its prospective capital structure and removing a tranche of contingent dilution for existing shareholders.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold Holdings Limited has reported a change in director Christian Paech’s relevant interests in company securities, including a reclassification of 12,327 unlisted options into 12,327 fully paid ordinary shares at an estimated underlying price of $1.255 per share, for nil consideration. Following the transaction, Paech’s holdings now comprise both directly held fully paid shares and a range of unlisted options with varying expiry dates out to June 2029, while his indirect interest via the C&M Paech Family Trust remains in place, clarifying his equity exposure and maintaining transparency for shareholders about board-level alignment with company performance.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold Holdings Limited has notified the ASX of a change in director Kenneth Williams’ interests in the company’s securities, detailing movements in his direct and indirect holdings. Williams has converted 18,491 unlisted options into the same number of fully paid ordinary shares at no cash consideration, with the underlying share price estimated at A$1.255, resulting in a shift in the composition of his equity exposure but no disclosed cash transaction, offering shareholders greater transparency over the director’s evolving stake in the company.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold Holdings has launched a high-resolution airborne gravity survey over the northern portion of its EL 6502 tenement in South Australia, which hosts the historic Challenger Gold Mine, as part of broader R&D efforts to trial advanced exploration technologies in under-explored terrain. The survey, conducted by Xcalibur Smart Mapping using the FALCON system over roughly 3,200 line kilometres, aims to identify gravity anomalies and structural settings analogous to Challenger’s deep, high-grade quartz vein lodes and potentially uncover near-mine repeats that were overlooked when the mine was developed during a period of low gold prices. Management frames the work as a key element of a regional enhancement strategy supporting a definitive feasibility study for a phased restart of Challenger operations using the Central Gawler Mill, with any new discoveries expected to add significant value given existing processing infrastructure and the potential to expand high-grade resources for stakeholders.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold Holdings Limited announced the issuance and quotation of 42,453 fully paid ordinary shares, as part of their ongoing securities-related activities on the Australian Securities Exchange (ASX). This development highlights the company’s strategic efforts to enhance its financial structure and market positioning, potentially improving liquidity and increasing shareholder value as it advances its mining and exploration initiatives.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold Holdings Limited has announced the quotation of 30,818 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of December 16, 2025. This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing growth initiatives, potentially impacting its market positioning and offering new opportunities for stakeholders.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold Holdings Limited has announced promising assay results from its Tunkillia Gold Project, revealing shallow, high-grade gold intersections in the northern portion of the S1 ‘Starter Pit’. These results indicate potential enhancements in the project’s modeling and suggest a significant operating profit of $1.3 billion within the first 2.5 years of operation, with the ability to repay development costs threefold. The company anticipates further assay results by January 2026 and aims to convert the mineralization to JORC ‘Measured’ and ‘Indicated’ categories by March 2026, which could strengthen its market position and offer substantial returns to stakeholders.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold Holdings Limited announced a change in the director’s interest, with Alexander Scanlon acquiring additional unlisted options. These options are exercisable for nil cash consideration and are part of the company’s strategic incentive plans, reflecting an alignment of management interests with long-term company performance. This development may impact the company’s operational strategies and stakeholder interests by potentially enhancing executive commitment to company growth.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold Holdings Limited has announced the issuance of unquoted equity securities, specifically options with expiration dates in 2028 and 2030, as part of an employee incentive scheme. This move is likely aimed at enhancing employee engagement and retention, potentially impacting the company’s operational efficiency and market competitiveness.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold Holdings Limited has announced promising assay results from diamond drilling at the Tolmer gold and silver prospect, part of the Tarcoola Gold Project in South Australia. The results confirm the local structural model and suggest potential extensions of high-grade gold and silver mineralization, which could enhance the company’s regional development strategy. The discovery of the ‘western silver zone’ is particularly noteworthy, as it could become a significant economic contributor. Further drilling is planned for 2026 to explore these promising zones.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
Barton Gold Holdings Limited has announced promising assay results from its Tunkillia Gold Project in South Australia, highlighting broad intervals of high-grade gold mineralization in the S1 ‘Starter Pit’ area. These results support the project’s potential to produce over 200,000 ounces of gold and generate an operating profit of $825 million in its first year, underscoring the high-value nature of the zone and its importance in securing project financing. The company plans to complete further drilling to upgrade the mineralization to JORC ‘Measured’ and ‘Indicated’ categories by March 2026, enhancing the project’s financial viability and attractiveness to stakeholders.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.