Far East Gold Ltd (AU:FEG)
ASX:FEG
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Far East Gold Ltd
(Sydney:FEG)
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Rating:46Neutral
Price Target:
AU$0.15
▼(-5.00% Downside)
Action:Reiterated
Date:06/04/26
The score is primarily held back by weak financial performance: no revenue, widening losses, and ongoing cash burn. A low-debt balance sheet helps reduce solvency risk, while technicals show some near-term strength but mixed momentum and no clear long-term uptrend. Valuation provides limited support due to negative earnings and no dividend yield data.
Positive Factors
Low leverage / conservative balance sheet
The company’s very low leverage materially reduces solvency and interest-cost risk for an exploration enterprise. Structurally, low debt preserves financing optionality for drilling or project development over the next 2–6 months, lowering default risk and supporting measured capital raises.
Negative Factors
No revenue and widening losses
The absence of any revenue and materially wider net losses in 2025 show the company remains pre-revenue and cost-heavy. This structural lack of top-line cash inflows prolongs dependence on external capital, delays path to positive margins, and increases execution risk until production or asset sales occur.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
The company’s very low leverage materially reduces solvency and interest-cost risk for an exploration enterprise. Structurally, low debt preserves financing optionality for drilling or project development over the next 2–6 months, lowering default risk and supporting measured capital raises.
Read all positive factors
Far East Gold Ltd (FEG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$62.55M
Dividend YieldN/A
Average Volume (3M)225.34K
Price to Earnings (P/E)―
Beta (1Y)1.10
Revenue GrowthN/A
EPS Growth-15.95%
CountryAU
Employees35
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding417,027,470
10 Day Avg. Volume233,983
30 Day Avg. Volume225,345
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)1.16
Price to Sales (P/S)0.00
P/FCF Ratio-10.92
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
Far East Gold Ltd Business Overview & Revenue Model
Company Description
Far East Gold Limited (FEG.AX) is an Australian enterprise focused on identifying, assessing, acquiring, and advancing mineral resource projects across Indonesia and Australia. The company's exploration efforts are concentrated on discovering valu...
How the Company Makes Money
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Far East Gold Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
25
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -11.84K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -52.44K | -86.60K | -78.27K | -66.61K | -41.73K | -12.20K |
| EBITDA | -8.48M | -6.42M | -1.45M | -2.70M | -3.38M | -4.54M |
| Net Income | -6.95M | -6.48M | -1.66M | -2.50M | -3.43M | -4.56M |
Balance Sheet | ||||||
| Total Assets | 41.47M | 46.63M | 33.26M | 30.97M | 25.39M | 2.86M |
| Cash, Cash Equivalents and Short-Term Investments | 6.46M | 10.94M | 1.09M | 3.93M | 9.10M | 2.71M |
| Total Debt | 49.00K | 76.20K | 116.95K | 119.78K | 71.52K | 103.85K |
| Total Liabilities | 1.21M | 698.67K | 1.72M | 2.37M | 305.32K | 352.55K |
| Stockholders Equity | 37.83M | 43.36M | 28.95M | 25.97M | 22.22M | 2.51M |
Cash Flow | ||||||
| Free Cash Flow | -4.12M | -4.62M | -9.11M | -11.23M | -4.75M | -4.16M |
| Operating Cash Flow | -6.13M | -4.61M | -2.19M | -1.32M | -3.02M | -4.12M |
| Investing Cash Flow | -6.16M | -11.46M | -6.93M | -9.91M | -1.73M | -38.60K |
| Financing Cash Flow | -8.78M | 18.43M | 6.26M | 6.06M | 11.10M | 6.86M |
Far East Gold Ltd Technical Analysis
Positive
0.16
Price Trends
0.13
Positive
0.14
Positive
0.14
Positive
Market Momentum
0.01
Negative
64.33
Neutral
46.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FEG, the sentiment is Positive. The current price of 0.16 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.13, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 64.33 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:FEG.
Far East Gold Ltd 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% | |
47 Neutral | AU$69.01M | -4.37 | -52.73% | ― | ― | -2.45% | |
46 Neutral | AU$62.55M | -8.47 | -17.12% | ― | ― | -15.95% | |
45 Neutral | AU$14.17M | 0.28 | 81.27% | 270.27% | -47.40% | -5.05% | |
45 Neutral | AU$33.28M | -12.50 | -26.87% | ― | ― | -100.00% | |
43 Neutral | AU$142.25M | -74.83 | -27.06% | ― | ― | 30.63% | |
38 Underperform | AU$24.16M | -0.24 | 537.60% | ― | -56.66% | 8.90% |
* Basic Materials Sector Average
AU:FEG
Far East Gold Ltd
0.16
0.00
0.00%
AU:IDA
Indiana Resources Limited
0.02
-0.01
-41.18%
AU:RIM
Rimfire Pacific Mining Limited
0.01
>-0.01
-42.86%
AU:BDM
Burgundy Diamond Mines Ltd
0.02
-0.02
-46.88%
AU:OSM
Osmond Resources Limited
0.53
-0.15
-22.06%
AU:SPD
Southern Palladium Ltd.
1.12
0.53
88.98%
Far East Gold Ltd Corporate Events
Far East Gold board rejects cut‑price Xingye takeover bid as unfair
Jun 25, 2026
Far East Gold’s independent board committee has unanimously urged shareholders to reject an unsolicited off‑market takeover offer from Xingye Gold (Hong Kong) Mining Company at A$0.13 per share. An independent expert from Lonergan Edwa...
Far East Gold Urges Shareholders to Reject Xingye Takeover Bid
Jun 25, 2026
Far East Gold has lodged its formal target’s statement in response to an unsolicited conditional off‑market takeover offer from Xingye Gold (Hong Kong) Mining Company for all fully paid ordinary shares in the company. The board engaged...
Far East Gold Updates Director Interest Records Without Ownership Change
Jun 24, 2026
Far East Gold has lodged updated Appendix 3Y notices with the ASX to correct the recorded names of the beneficial holders of certain director-related securities. The update covers historical filings for holdings associated with directors Justin We...
Far East Gold Appoints New Director With No Declared Security Interests
Jun 24, 2026
Far East Gold Ltd has notified the ASX of the appointment of Justin Hastings as a director, effective 24 June 2026. The filing confirms that Hastings holds no relevant interests in the company’s securities, either directly or through associa...
Far East Gold Adds Geopolitics Expert to Board Amid Critical Minerals Race
Jun 24, 2026
Far East Gold has appointed Professor Justin Hastings, a University of Sydney expert in international relations and the geopolitics of critical minerals, to its Board of Directors effective 24 June 2026. His background in global supply chains, geo...
Far East Gold Issues 50 Million Consideration Shares Under Share Purchase Agreement
Jun 22, 2026
Far East Gold Ltd has issued 50 million fully paid ordinary shares as consideration under a previously announced conditional share purchase agreement, expanding its share base without preparing a new disclosure document under Australia’s fun...
Far East Gold Lists 50 Million New Shares on ASX
Jun 22, 2026
Far East Gold Ltd, an ASX-listed mining and exploration company, has expanded its capital base through the issue of 50 million new ordinary fully paid shares. The additional stock will be quoted on the ASX, reflecting the company’s ongoing u...
Far East Gold Lifts Idenburg Stake to 51% and Maps Path to 80% Ownership
Jun 21, 2026
Far East Gold has completed Stage One of its acquisition of the high-grade Idenburg Gold Project in Papua Province, Indonesia, increasing its stake to 51% and consolidating control over an inferred JORC 2012 mineral resource of about 780,000 ounce...
Far East Gold Extends High-Grade Potential at Idenburg as Key Approval Secured
Jun 19, 2026
Far East Gold has identified new high-grade gold-bearing boulders at the Kwaplu and Sikrima prospects, showing similar geology and mineralisation style to its high-grade Sua prospect within the Idenburg Project in Indonesia. The results support th...
Xingye launches cash takeover bid for cash‑strapped Far East Gold
May 27, 2026
Xingye Gold (Hong Kong) Mining Company, which already owns 19.99% of Far East Gold, has launched an off‑market all‑cash takeover bid at A$0.13 per share for all remaining shares it does not hold. The offer is conditional on securing co...
Far East Gold boosts Idenburg potential with high-grade hits and key Indonesian approval
Apr 30, 2026
Far East Gold reported a strong March quarter driven by intensive drilling and fieldwork at its Idenburg gold project in Papua, Indonesia, where efforts centred on the Sua and North Bermol prospects. The company also completed initial drilling at ...
Far East Gold Pauses Woyla Exploration, Refocuses on Idenburg Project
Apr 6, 2026
Far East Gold has confirmed it will retain a 51% interest in the Woyla Project in Aceh, Indonesia, after failing to reach agreement with the vendor on a direct pathway to increase its ownership to 100% without completing a feasibility study. As no...
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.