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Pilbara Gold
(Sydney:PGL)
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Rating:53Neutral
Price Target:
AU$0.76
â–²(69.11% Upside)
Action:Reiterated
Date:04/18/26
The score is held back primarily by weak financial performance (pre-revenue, widening losses, and ongoing cash burn despite low leverage). Technicals are a positive with strong trend and momentum, while valuation is constrained by negative earnings and no dividend support.
Positive Factors
Low leverage / conservative balance sheet
Very low debt relative to equity materially reduces refinancing and interest-rate risk for an exploration junior. This structural balance-sheet conservatism provides flexibility to fund drilling or wait for favorable JV/transaction terms, supporting durability through cycles.
Negative Factors
Pre-revenue and widening net losses
A persistent pre-revenue profile with a large, recent jump in annual losses undermines internal project funding and increases reliance on external capital. This structural earnings gap limits reinvestment capacity and raises execution risk absent a material discovery or funding event.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
Very low debt relative to equity materially reduces refinancing and interest-rate risk for an exploration junior. This structural balance-sheet conservatism provides flexibility to fund drilling or wait for favorable JV/transaction terms, supporting durability through cycles.
Read all positive factors
Pilbara Gold (PGL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$117.01M
Dividend YieldN/A
Average Volume (3M)5.74M
Price to Earnings (P/E)―
Beta (1Y)1.88
Revenue GrowthN/A
EPS Growth-323.13%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding234,016,020
10 Day Avg. Volume6,250,552
30 Day Avg. Volume5,740,832
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)4.55
Price to Sales (P/S)0.00
P/FCF Ratio-101.74
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
Pilbara Gold Business Overview & Revenue Model
Company Description
Pilbara Gold Limited, alongside its subsidiary entities, operates as an Australian resource exploration firm. The company primarily targets properties for gold, nickel, rare earth elements, and lithium. Its premier asset is the wholly-owned Mt Yor...
How the Company Makes Money
null...
Pilbara Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
64
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2025 | Jun 2023 | Jun 2022 | Jun 2019 | Jun 2018 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -42.60K | -132.99K | -148.53K | -53.95K | -19.11K | -11.33K |
| EBITDA | -1.32M | -2.67M | -1.30M | -3.99M | -1.36M | -5.69M |
| Net Income | -1.26M | -10.53M | -1.53M | -4.15M | -10.88M | -5.69M |
Balance Sheet | ||||||
| Total Assets | 54.51M | 30.27M | 32.50M | 29.55M | 11.17M | 23.12M |
| Cash, Cash Equivalents and Short-Term Investments | 25.05M | 10.20M | 4.14M | 7.00M | 1.50M | 6.51M |
| Total Debt | 54.73K | 81.43K | 11.26K | 251.24K | 0.00 | 0.00 |
| Total Liabilities | 3.07M | 3.28M | 744.47K | 602.85K | 419.28K | 1.48M |
| Stockholders Equity | 51.44M | 26.99M | 31.76M | 28.94M | 10.75M | 21.64M |
Cash Flow | ||||||
| Free Cash Flow | -993.32K | -1.21M | -6.66M | -8.36M | -1.26M | -1.50M |
| Operating Cash Flow | -993.32K | -1.08M | -109.57K | -1.40M | -1.26M | -1.49M |
| Investing Cash Flow | -9.17M | 6.64M | -6.55M | -6.55M | -3.89M | -3.80M |
| Financing Cash Flow | 25.02M | -70.80K | 3.80M | 6.65M | 134.67K | 10.37M |
Pilbara Gold Technical Analysis
Negative
0.45
Price Trends
0.51
Negative
0.57
Negative
0.56
Negative
Market Momentum
<0.01
Negative
47.03
Neutral
54.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PGL, the sentiment is Negative. The current price of 0.45 is below the 20-day moving average (MA) of 0.49, below the 50-day MA of 0.51, and below the 200-day MA of 0.56, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 47.03 is Neutral, neither overbought nor oversold. The STOCH value of 54.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PGL.
Pilbara Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$126.26M | 8.21 | 14.07% | 4.01% | 6.77% | 71.42% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$117.01M | -8.55 | -25.68% | ― | ― | -323.13% | |
46 Neutral | AU$90.36M | -18.13 | -5.07% | ― | ― | 78.49% | |
44 Neutral | AU$177.94M | -23.77 | -5.94% | ― | ― | -66.98% | |
44 Neutral | AU$93.26M | -11.18 | 458.70% | ― | ― | ― | |
43 Neutral | AU$126.51M | -104.17 | -10.71% | ― | ― | 22.77% |
* Basic Materials Sector Average
AU:PGL
Pilbara Gold
0.49
0.13
34.72%
AU:GPR
Geopacific Resources Limited
0.03
>-0.01
-6.45%
AU:RND
Rand Mining Limited
2.20
0.52
31.26%
AU:TSO
Tesoro Gold
0.96
0.38
64.44%
AU:FXG
Felix Gold Ltd.
0.25
0.08
51.52%
AU:GBM
GBM Resources Limited
0.02
-0.01
-42.42%
Pilbara Gold Corporate Events
Pilbara Gold Extends Mt York Mineralisation, Eyes Resource Upgrade
Jul 21, 2026
Pilbara Gold has reported significant new gold intercepts below the current pit shell at its Mt York project in Western Australia, confirming that mineralisation at Main Hill and Gossan Hill extends well beyond previously drilled depths. Key resul...
Pilbara Gold Director Simon Lill Increases Shareholding Through On-Market Trades
Jul 14, 2026
Pilbara Gold Limited has reported a change in director Simon Lill’s interests in the company’s securities following recent on-market trades on 10 and 13 July 2026. The disclosure shows an increase in his holding of fully paid ordinary ...
Pilbara Gold Restarts Roe Hills Drilling to Unlock WA Gold Corridor
Jul 8, 2026
Pilbara Gold Ltd is an Australian gold exploration company focused on advancing its Roe Hills Gold Project in Western Australia’s Goldfields region near Kalgoorlie. The project sits in a well-established mining district close to operating mi...
Pilbara Gold Clears Regulatory Path for Trading of Newly Issued Shares
Jul 7, 2026
Pilbara Gold Limited has issued 88,889 fully paid ordinary shares and notified the market that these securities qualify for on-sale under the exemption provisions of section 708A(5) of the Corporations Act 2001. The new shares were issued without ...
Pilbara Gold Seeks ASX Quotation for New Share Issue
Jul 7, 2026
Pilbara Gold Limited has lodged an application with the ASX for quotation of 88,889 new ordinary fully paid shares under its existing ticker PGL. The shares were issued on 6 July 2026, expanding the company’s listed equity base and reinforci...
Pilbara Gold Clears Trading of New Share Issue Under Corporations Act Exemption
Jun 19, 2026
Pilbara Gold Limited has issued 173,161 fully paid ordinary shares without a prospectus and has lodged a notice under section 708A(5) of the Corporations Act to allow these securities to be freely tradable. The company confirmed it is up to date w...
Pilbara Gold Issues 346,322 Unquoted Performance Rights Under Incentive Plan
Jun 19, 2026
Pilbara Gold Limited has issued 346,322 unquoted performance rights under its existing equity arrangements, as notified to the ASX in an Appendix 3G filing dated 19 June 2026. The issue of these unquoted securities, which are not intended to be li...
Pilbara Gold Seeks ASX Quotation for Additional Ordinary Shares
Jun 19, 2026
Pilbara Gold Limited has applied to the Australian Securities Exchange for quotation of 173,161 new fully paid ordinary shares, issued under its existing capital management arrangements. The additional securities, to be traded under the code PGL, ...
Pilbara Gold Outlines Strategy to Grow Western Australian Gold Resources
Jun 16, 2026
Pilbara Gold has released an investor presentation outlining its strategy to grow gold resources across two projects in Western Australia. The document, dated October 2025, emphasises that the information is summary in nature, subject to change, a...
Pilbara Gold Director Increases Equity Stake Through Performance Rights Conversion
Jun 16, 2026
Pilbara Gold has reported a change in the interests of director Dr Peter Turner following the conversion of performance rights into ordinary shares. Turner, through his direct holdings and Expert Geological Consulting Pty Ltd , converted 3,777,778...
Pilbara Gold Discloses Final Interests of Departing Director Robert Klug
Jun 16, 2026
Pilbara Gold Limited has announced the cessation of director Robert Klug from its board, effective 10 June 2026, and disclosed his final interests in the company’s securities. The filing shows Klug held 331,112 fully paid ordinary shares and...
Pilbara Gold Appoints New Director With No Current Shareholding
Jun 16, 2026
Pilbara Gold Limited has appointed Mr Martin Reed as a director effective 10 June 2026, as disclosed in its initial director’s interest notice to the ASX. The filing confirms that Reed holds no relevant interests in Pilbara Gold securities o...
Pilbara Gold Accelerates Record Drilling Campaign at Mt York
Jun 8, 2026
Pilbara Gold has launched the largest drilling campaign in its history at the 2.1Moz Mt York Gold Project, with more than 5,680m of diamond drilling already completed across several prospects and a total program exceeding 50,000m planned for 2026....
Pilbara Gold Director Increases Shareholding via Off-Market Transfer
May 13, 2026
Pilbara Gold Limited has disclosed a change in director Simon Lill’s holdings, with his direct stake in fully paid ordinary shares increasing through an off-market transfer. Lill acquired 1,007,408 shares for consideration of $755,556, lifti...
Pilbara Gold Director Exercises Options to Increase Shareholding
May 8, 2026
Pilbara Gold has disclosed a change in the interests of director Dr Peter Turner, who has converted 29,630 unlisted options into fully paid ordinary shares. Following the $22,222.50 option exercise, Turner now holds 4,777,778 performance rights an...
Pilbara Gold Options Lapse, Simplifying Capital Structure
May 8, 2026
Pilbara Gold Limited has notified the market that a large tranche of options over its shares, carrying an exercise price of $0.75 and expiring on 1 May 2026, has lapsed unexercised. The expiry of more than 21.7 million options without conversion r...
Pilbara Gold Confirms Regulatory Compliance on New Share Issue
May 7, 2026
Pilbara Gold Limited has issued 2,148,150 fully paid ordinary shares and confirmed that these securities qualify for on-sale without a prospectus under section 708A(5) of the Corporations Act 2001. The company has stated it is up to date with its ...
Pilbara Gold Seeks ASX Quotation for 2.15 Million New Shares
May 7, 2026
Pilbara Gold Limited has applied to the ASX for quotation of 2,148,150 new ordinary fully paid shares. The securities, issued on 7 May 2026 following the exercise or conversion of existing instruments, will increase the company’s quoted capi...
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.