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$0.96
â–Ľ(-27.02% 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
A very low debt-to-equity ratio provides a durable financial cushion for a resource developer. Minimal leverage reduces solvency risk through commodity cycles, preserves flexibility to fund exploration with equity or cash, and lowers obligatory interest costs that could otherwise strain project advancement.
Negative Factors
Negative profitability
Persistent negative EBIT and net margins with a negative ROE show the company is not yet converting operations into profit. Over the medium term this undermines internal financing capacity, raises dilution risk from capital raises, and delays the transition to a self-sustaining producer if margin drivers aren’t addressed.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A very low debt-to-equity ratio provides a durable financial cushion for a resource developer. Minimal leverage reduces solvency risk through commodity cycles, preserves flexibility to fund exploration with equity or cash, and lowers obligatory interest costs that could otherwise strain project advancement.
Read all positive factors
Barton Gold Holdings Limited (BGD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$214.35M
Dividend YieldN/A
Average Volume (3M)801.16K
Price to Earnings (P/E)―
Beta (1Y)2.04
Revenue Growth-100.00%
EPS Growth-2337.50%
CountryAU
Employees19
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.06
Shares Outstanding239,498,870
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)-0.04
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
Negative
1.31
Price Trends
0.94
Negative
1.08
Negative
1.08
Negative
Market Momentum
-0.01
Positive
43.26
Neutral
7.69
Positive
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 0.94, above the 50-day MA of 0.94, and above the 200-day MA of 1.08, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 43.26 is Neutral, neither overbought nor oversold. The STOCH value of 7.69 is Positive, 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% | |
46 Neutral | AU$45.59M | -4.07 | -134.41% | ― | ― | -267.80% | |
45 Neutral | AU$214.35M | -9.22 | -87.62% | ― | -100.00% | -2337.50% | |
45 Neutral | AU$8.20M | -4.04 | -120.71% | ― | ― | 29.17% | |
44 Neutral | AU$11.90M | -4.44 | -6.21% | ― | ― | 41.18% | |
43 Neutral | AU$13.99M | -2.33 | 49.35% | ― | ― | 92.25% | |
42 Neutral | AU$12.24M | -4.07 | -7.09% | ― | ― | -135.48% |
* Basic Materials Sector Average
AU:BGD
Barton Gold Holdings Limited
0.91
0.22
33.09%
AU:GSM
Golden State Mining Ltd.
0.02
<0.01
60.00%
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 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...
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...
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.