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$0.98
▼(-25.57% Downside)
Action:ReiteratedDate: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
Revenue Growth
An 82% reported revenue increase demonstrates meaningful top-line expansion that can underpin longer-term project advancement. Sustained revenue growth improves ability to fund exploration, attract JV partners or buyers, and strengthens negotiating leverage for development or transaction outcomes.
Negative Factors
Profitability Weakness
Persistent negative net and EBIT margins and a negative ROE indicate the business is not delivering returns on invested capital. Over months, sustained unprofitability limits reinvestment, undermines shareholder value creation and makes it harder to attract non-dilutive capital for project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
An 82% reported revenue increase demonstrates meaningful top-line expansion that can underpin longer-term project advancement. Sustained revenue growth improves ability to fund exploration, attract JV partners or buyers, and strengthens negotiating leverage for development or transaction outcomes.
Read all positive factors
Barton Gold Holdings Limited (BGD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$243.56M
Dividend YieldN/A
Average Volume (3M)801.16K
Price to Earnings (P/E)―
Beta (1Y)1.93
Revenue GrowthN/A
EPS Growth82.09%
CountryAU
Employees19
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.04
Shares Outstanding238,782,200
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)N/A
Revenue Forecast (FY)N/A
Barton Gold Holdings Limited Business Overview & Revenue Model
Company Description
Barton Gold Holdings Limited engages in the exploration of gold projects in South Australia. It owns 100% interests in the Challenger, Tarcoola, and Tunkillia projects. The company was incorporated in 2019 and is headquartered in Adelaide, Australia....
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
Neutral
1.31
Price Trends
1.04
Negative
1.14
Negative
1.05
Negative
Market Momentum
-0.02
Negative
53.30
Neutral
89.63
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BGD, the sentiment is Neutral. The current price of 1.31 is above the 20-day moving average (MA) of 0.91, above the 50-day MA of 1.04, and above the 200-day MA of 1.05, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 53.30 is Neutral, neither overbought nor oversold. The STOCH value of 89.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
48 Neutral | AU$12.98M | -4.44 | -6.21% | ― | ― | -28.57% | |
46 Neutral | AU$45.59M | -4.07 | -134.41% | ― | ― | 5.93% | |
45 Neutral | AU$243.56M | -9.22 | -87.62% | ― | ― | 82.09% | |
45 Neutral | AU$11.02M | -4.07 | -7.09% | ― | ― | -136.67% | |
43 Neutral | AU$10.10M | -2.33 | 49.35% | ― | ― | 90.70% | |
40 Underperform | AU$5.79M | -4.04 | -120.71% | ― | ― | 65.32% |
* Basic Materials Sector Average
AU:BGD
Barton Gold Holdings Limited
1.00
0.60
150.00%
AU:GSM
Golden State Mining Ltd.
0.01
<0.01
20.00%
AU:SFM
Santa Fe Minerals Ltd.
0.28
0.24
600.00%
AU:TYX
Tyranna Resources Limited
―
―
―
AU:NWM
Norwest Minerals Ltd.
0.01
0.00
0.00%
AU:RR1
Reach Resources Limited
0.01
0.00
0.00%
Barton Gold Holdings Limited Corporate Events
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...
Barton Gold Director Converts Options Into Ordinary Shares
Mar 22, 2026
Barton Gold Holdings has disclosed a change in director Kenneth Williams’ interests, reflecting an internal rebalancing between his direct and indirect holdings. Williams disposed of 16,683 unlisted options, exercisable at nil consideration ...
Barton Gold Seeks ASX Quotation for Additional Ordinary Shares
Mar 22, 2026
Barton Gold Holdings Limited has applied to the ASX for quotation of 16,683 new ordinary fully paid shares following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted securities marginall...
Barton Gold outlines South Australian gold development credentials with strict investor cautions
Mar 17, 2026
Barton Gold Holdings used a presentation at the Swiss Mining Institute Conference dated 18 March 2026 to outline its position as a 2.25 million-ounce gold developer centered on the Perseverance Mine within the Tarcoola Project in South Australia. ...
Barton Gold starts Challenger pit drilling to underpin staged restart in 2026
Mar 17, 2026
Barton Gold has commenced pit optimisation drilling at its Challenger Gold Project in South Australia, where upgraded JORC Mineral Resources stand at 313,000 ounces of gold adjacent to its Central Gawler Mill. The work program includes about 8,000...
Barton Gold Releases Half-Year Financial Report and Corporate Directory
Mar 13, 2026
Barton Gold Holdings Limited has released its financial report for the half year ended 31 December 2025, outlining its performance and governance structure for the period. The report highlights the company’s leadership team, corporate office...
Barton Gold Delivers A$643,000 in Tax Credits to June 2025 Placement Investors
Feb 22, 2026
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 millio...
Barton Gold Taps Bedrock Advisory to Structure Financing for Stage 1 Restart at Central Gawler Mill
Feb 3, 2026
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 F...
Barton Gold Accelerates Tunkillia Drilling to Fast-Track Mining Lease by 2026
Feb 2, 2026
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 stu...
Barton Gold Begins Challenger Drilling to Underwrite Central Gawler Mill Restart
Feb 1, 2026
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...
Barton Gold Bolsters Cash Position with Equity Raise Amid Heavy Exploration Spend
Jan 28, 2026
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,...
Barton Gold Options Expire, Trimming Potential Future Dilution
Jan 28, 2026
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 potentia...
Barton Gold Seeks ASX Quotation for Additional Ordinary Shares
Jan 21, 2026
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 convertib...
Barton Gold’s Final Phase 1 Assays Boost Economics at Tunkillia Project
Jan 20, 2026
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&...
Barton Gold Seeks ASX Quotation for 100,000 New Ordinary Shares
Jan 14, 2026
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 sec...
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.