Barton Gold Holdings Limited (AU:BGD)
ASX:BGD
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Barton Gold Holdings Limited
(Sydney:BGD)
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Rating:45Neutral
Price Target:
AU$0.74
▼(-43.44% Downside)
Action:Reiterated
Date:03/26/26
The score is primarily weighed down by weak profitability and cash flow quality despite strong revenue growth and low leverage. Technicals also indicate a sustained downtrend (price below major moving averages and negative MACD), while valuation is constrained by losses and the absence of a dividend yield.
Positive Factors
Low leverage / conservative balance sheet
A very low debt-to-equity ratio (0.017) indicates minimal financial leverage, reducing default risk and preserving flexibility. For an exploration/development company this conservatism supports the ability to fund staged drilling and development without heavy interest burdens, aiding multi‑month project execution and optionality.
Negative Factors
Ongoing profitability weakness
Persistent negative net and EBIT margins and a negative return on equity signal that core operations do not currently generate profit for shareholders. Over the medium term this constrains reinvestment capacity, heightens the need for external capital to progress projects, and increases execution risk if margins are not improved.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
A very low debt-to-equity ratio (0.017) indicates minimal financial leverage, reducing default risk and preserving flexibility. For an exploration/development company this conservatism supports the ability to fund staged drilling and development without heavy interest burdens, aiding multi‑month project execution and optionality.
Read all positive factors
Barton Gold Holdings Limited (BGD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$213.43M
Dividend YieldN/A
Average Volume (3M)801.16K
Price to Earnings (P/E)―
Beta (1Y)1.91
Revenue Growth-100.00%
EPS Growth-2337.50%
CountryAU
Employees19
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.06
Shares Outstanding270,169,460
10 Day Avg. Volume832,171
30 Day Avg. Volume801,164
Financial Highlights & Ratios
PEG Ratio1.15
Price to Book (P/B)19.67
Price to Sales (P/S)18.82
P/FCF Ratio-35.81
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)-0.05
Revenue Forecast (FY)N/A
Barton Gold Holdings Limited Business Overview & Revenue Model
Company Description
Operating within South Australia, Barton Gold Holdings Limited's primary focus is the exploration for gold deposits. The company holds complete 100% ownership of its Challenger, Tarcoola, and Tunkillia projects. Established in 2019, its corporate ...
How the Company Makes Money
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Barton Gold Holdings Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.21M | 9.26M | 32.00K | 491.00K | 1.00M | 0.00 |
| Gross Profit | -784.00K | 8.81M | -785.00K | -193.00K | 715.00K | -230.00K |
| EBITDA | -13.44M | -946.00K | -8.60M | -4.98M | -3.82M | -6.86M |
| Net Income | -13.45M | -1.84M | -9.40M | -5.68M | -4.11M | -7.73M |
Balance Sheet | ||||||
| Total Assets | 38.01M | 23.66M | 25.31M | 25.09M | 25.93M | 29.18M |
| Cash, Cash Equivalents and Short-Term Investments | 17.19M | 2.49M | 10.22M | 10.45M | 11.20M | 14.89M |
| Total Debt | 114.00K | 151.00K | 60.00K | 113.00K | 0.00 | 0.00 |
| Total Liabilities | 16.17M | 14.80M | 18.99M | 16.39M | 15.66M | 14.91M |
| Stockholders Equity | 21.84M | 8.86M | 6.33M | 8.70M | 10.27M | 14.27M |
Cash Flow | ||||||
| Free Cash Flow | -8.53M | -4.87M | -6.75M | -5.04M | -4.38M | -5.26M |
| Operating Cash Flow | -8.42M | -4.75M | -6.52M | -4.86M | -4.37M | -5.26M |
| Investing Cash Flow | 375.00K | 582.00K | -23.00K | 550.00K | 676.00K | 243.00K |
| Financing Cash Flow | 18.40M | 2.94M | 6.31M | 3.56M | 0.00 | 18.13M |
Barton Gold Holdings Limited Technical Analysis
Negative
1.31
Price Trends
0.90
Negative
0.96
Negative
1.08
Negative
Market Momentum
-0.03
Positive
35.61
Neutral
30.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BGD, the sentiment is Negative. The current price of 1.31 is above the 20-day moving average (MA) of 0.83, above the 50-day MA of 0.90, and above the 200-day MA of 1.08, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 35.61 is Neutral, neither overbought nor oversold. The STOCH value of 30.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BGD.
Barton Gold Holdings Limited 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% | |
45 Neutral | AU$213.43M | -13.01 | -87.62% | ― | -100.00% | -2337.50% | |
45 Neutral | AU$6.27M | -3.43 | -120.71% | ― | ― | 29.17% | |
44 Neutral | AU$9.73M | -8.18 | -6.21% | ― | ― | 41.18% | |
44 Neutral | AU$14.69M | -110,680,464,442,257,000.00 | -7.09% | ― | ― | -135.48% | |
43 Neutral | AU$10.50M | -30.00 | 49.35% | ― | ― | 92.25% | |
42 Neutral | AU$40.70M | -10.37 | -134.41% | ― | ― | -267.80% |
* Basic Materials Sector Average
AU:BGD
Barton Gold Holdings Limited
0.76
-0.03
-3.80%
AU:GSM
Golden State Mining Ltd.
0.01
<0.01
20.00%
AU:SFM
Santa Fe Minerals Ltd.
0.25
0.22
733.33%
AU:TYX
Tyranna Resources Limited
―
―
―
AU:NWM
Norwest Minerals Ltd.
0.01
>-0.01
-16.67%
AU:RR1
Reach Resources Limited
0.01
<0.01
20.00%
Barton Gold Holdings Limited Corporate Events
Barton Gold Seeks ASX Quotation for Additional Ordinary Shares
Jun 25, 2026
Barton Gold Holdings has applied for quotation on the ASX of 305,853 new ordinary fully paid shares, to be issued on June 25, 2026. The additional securities stem from the exercise or conversion of existing options or other convertible instruments...
Barton Gold Starts Expanded Pre-Feasibility Study at Tunkillia Project
Jun 21, 2026
Barton Gold has commenced a Pre-Feasibility Study for its Tunkillia Gold Project, appointing GR Engineering Services to lead detailed engineering and economic analysis. The study builds on a 2025 Optimised Scoping Study that outlined annual produc...
Barton Gold Expands Tunkillia Drilling After Assays Signal Resource Upside
Jun 16, 2026
Barton Gold Holdings has expanded Phase 2 reverse circulation drilling at its Tunkillia Gold Project to about 40,000 metres after interim assay analysis indicated potential to extend total mineralisation and upgrade resources within optimised pit ...
Barton Gold Confirms Compliance as It Issues 30.5 Million New Shares
Jun 9, 2026
Barton Gold Holdings has issued 30,470,588 new fully paid ordinary shares as part of a previously announced capital raising, using its existing placement capacity under ASX Listing Rule 7.1. The company has confirmed that the shares were issued wi...
Barton Gold Seeks ASX Quotation for Additional Ordinary Shares
Jun 9, 2026
Barton Gold Holdings Limited has applied for quotation on the ASX of 470,588 new ordinary fully paid shares, expanding its listed equity base. The additional securities, issued under a previously announced transaction, modestly increase the compan...
Barton Gold Seeks ASX Quotation for 30 Million New Shares
Jun 9, 2026
Barton Gold Holdings Limited, an Australian gold exploration and development company listed on the ASX under ticker BGD, has ordinary fully paid shares on issue for public trading. The company provides investors with equity exposure to its portfol...
Barton Gold plans new share issue to fund ongoing activities
Jun 2, 2026
Barton Gold Holdings Limited has notified the ASX of a proposed issue of up to 470,588 fully paid ordinary shares under a placement or similar capital-raising structure. The securities, to be issued on 10 June 2026, represent an additional funding...
Barton Gold to Raise Capital with 30 Million-Share Placement
May 31, 2026
Barton Gold Holdings Limited, an ASX-listed gold exploration and development company, operates in the mining sector with ordinary fully paid shares trading under the ticker BGD. Its activities centre on securing and deploying capital to advance it...
Barton Gold Secures $25.5m to Drive South Australian Gold and Silver Push
May 31, 2026
Barton Gold Holdings has raised $25.5 million via an oversubscribed institutional placement of 30 million new shares at $0.85 each to investors across Australia, Hong Kong and North America. The modest discount to its recent trading prices and low...
Barton Gold Seeks Trading Halt Ahead of Material Capital Raising
May 28, 2026
Barton Gold Holdings Limited has requested an immediate trading halt in its ordinary shares on the ASX as it prepares a material capital raising, with the halt effective from 29 May 2026. Trading is expected to resume by the start of normal tradin...
Barton Gold’s High-Grade Tunkillia Assays Point to Larger Open Pit and Longer Mine Life
May 26, 2026
Barton Gold reported the first assays from its Phase 2 reverse circulation drilling program at the Tunkillia Gold Project’s Area 51 zone in South Australia. The results include the highest-grade intersections to date in this area, suggesting...
Barton Gold Director Restructures Holding in Company Shares
May 25, 2026
Barton Gold Holdings has disclosed a change in director Kenneth Williams’ interests in the company’s securities, in line with ASX listing rule requirements. Williams transferred 35,174 fully paid ordinary shares from his direct holding...
Barton Gold Updates Managing Director’s Share and Option Holdings
May 25, 2026
Barton Gold Holdings has reported a change in the relevant interests of Managing Director Alexander Scanlon, reflecting adjustments to his direct and indirect holdings in fully paid ordinary shares and unquoted options. The update shows Scanlon...
Barton Gold to List 200,000 New Ordinary Shares on ASX
May 25, 2026
Barton Gold Holdings Limited has applied for quotation on the ASX of 200,000 new fully paid ordinary shares, to be issued on May 25, 2026 under the code BGD. The move modestly increases the company’s listed equity base and reflects ongoing c...
Barton Gold updates market on director Alexander Scanlon’s revised equity holdings
May 11, 2026
Barton Gold Holdings Limited has reported a change in the relevant interests of director Alexander Scanlon in the company’s securities, reflecting adjustments to both his direct and indirect holdings. The update details an acquisition of 210...
Barton Gold issues updated investor presentation with extensive disclaimers
May 5, 2026
Barton Gold Holdings Limited has released an investor presentation dated 6 May 2026 for the RIU Sydney Resources Roundup, outlining information derived from its 2021 prospectus and subsequent ASX announcements. The document emphasises that the mat...
Barton Gold Fast-Tracks Drilling After Ultra-High-Grade Tolmer Silver Test
May 4, 2026
Barton Gold reported a preliminary gravity test on mineralisation from its Tolmer silver prospect at the Tarcoola project, yielding a concentrate grading more than 100,000 grams per tonne of silver, or about 10% silver. The trial used simple panni...
Barton Gold Strengthens Leadership With New Corporate Affairs and Sustainability Head
May 3, 2026
Barton Gold has appointed Sylvia Rapo as its new Head of Corporate Affairs and Sustainability, bringing more than 25 years of South Australian experience across corporate communications, government relations, media and sustainability in the resour...
Barton Gold Updates Market on Managing Director’s Share and Option Holdings
Apr 30, 2026
Barton Gold Holdings has disclosed a change in Managing Director Alexander Scanlon’s direct and indirect holdings in the company’s securities, as required under ASX listing rules. The update details movements in fully paid ordinary sha...
Barton Gold to List 200,000 New Shares on ASX
Apr 30, 2026
Barton Gold Holdings Limited has applied for quotation on the ASX of 200,000 new ordinary fully paid shares, to be issued on April 30, 2026. The securities result from the exercise or conversion of existing options or other convertible instruments...
Barton Gold Burns Cash on Exploration as Prior Equity Raise Funds Ongoing Investment
Apr 26, 2026
Barton Gold Holdings reported a net operating cash outflow of A$3.63 million for the March 2026 quarter, driven mainly by A$2.87 million in exploration and evaluation spending and additional exploration and corporate staff costs. The company partl...
Barton Gold Advances High-Grade SA Projects and Strengthens Cash Position
Apr 26, 2026
Barton Gold Holdings reported solid progress in the March 2026 quarter, advancing drilling and feasibility work across its South Australian gold and silver portfolio. The company completed more than 9,000 metres of drilling at the Challenger Gold ...
Barton Gold Hits High-Grade Shallow Ore at Challenger West Pit
Apr 21, 2026
Barton Gold Holdings has reported new high-grade assay results from the Challenger West open pit at its Challenger Gold Project in South Australia, with reverse circulation drilling confirming shallow mineralisation in the pit floor grading up to ...
Barton Gold Seeks ASX Quotation for Additional 20,000 Shares
Apr 16, 2026
Barton Gold Holdings Limited has applied for quotation on the ASX of 20,000 additional ordinary fully paid shares, expanding its listed equity base. The new BGD securities, issued on April 17, 2026, modestly increase the company’s tradable s...
Barton Gold Advances Challenger DFS with Completion of Pit Optimisation Drilling
Apr 15, 2026
Barton Gold Holdings has completed pit optimisation diamond drilling at its Challenger Gold Project in South Australia, adjacent to its Central Gawler Mill, as part of a Definitive Feasibility Study targeting conversion of upgraded JORC mineral re...
Barton Gold Updates Investors on 2.25Moz South Australian Gold Portfolio
Apr 14, 2026
Barton Gold has released an updated corporate presentation dated 15 April 2026 for the SMI Panama Conference, outlining its status as a 2.25-million-ounce gold developer anchored by the Perseverance Mine at the Tarcoola Project in South Australia....
Barton Gold boosts cash with R&D refund as exploration advances in SA
Mar 29, 2026
Barton Gold Holdings has strengthened its financial position with the receipt of approximately $520,000 in cash under Australia’s Federal RD Tax Incentive Program for the year ended 30 June 2025. Following this refund, the company’s un...
Barton Gold Director Increases Shareholding Through Option Conversion
Mar 29, 2026
Barton Gold Holdings Limited has reported a change in the interests of director Christian Paech, detailing an adjustment in his mix of fully paid ordinary shares and unlisted options. The filing notes that Paech converted 11,122 unlisted options i...
Barton Gold Seeks ASX Quotation for Additional Ordinary Shares
Mar 29, 2026
Barton Gold Holdings Limited has applied for quotation on the ASX of 11,122 new fully paid ordinary shares, with an issue date of March 30, 2026. The small parcel of additional securities, arising from the exercise or conversion of existing instru...
Barton Gold Completes Challenger Drilling to Underpin Stage 1 Restart Plan
Mar 25, 2026
Barton Gold has completed 8,065 metres of reverse circulation drilling and commenced a 1,490-metre diamond drilling program at its Challenger Gold Project in South Australia, adjacent to its Central Gawler Mill. The work aims to upgrade near-surfa...
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.