Pacgold Limited (AU:PGO)
ASX:PGO
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Pacgold Limited
(Sydney:PGO)
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Rating:40Underperform
Price Target:
AU$0.11
▲(31.25% Upside)
Action:DowngradedDate:03/24/26
The score is held down primarily by weak fundamentals typical of an early-stage explorer (pre-revenue, widening losses, and rising cash burn), implying continued reliance on funding. Technicals also point to bearish momentum with the price below key moving averages, while valuation provides little support due to negative earnings and no dividend.
Positive Factors
Debt profile
A debt-free balance sheet materially reduces solvency and refinancing risk for an early-stage explorer. This structural strength lowers fixed financial obligations, preserves optionality for project funding or partnerships, and provides a longer runway versus highly leveraged peers.
Negative Factors
Pre-revenue status
Operating without material revenue means the company cannot self-fund operations or demonstrate recurring cash generation. Over 2-6 months this keeps strategic choices constrained, forces reliance on capital markets or partners, and leaves profitability and scale uncertain absent major exploration success.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt profile
A debt-free balance sheet materially reduces solvency and refinancing risk for an early-stage explorer. This structural strength lowers fixed financial obligations, preserves optionality for project funding or partnerships, and provides a longer runway versus highly leveraged peers.
Read all positive factors
Pacgold Limited (PGO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$47.62M
Dividend YieldN/A
Average Volume (3M)1.88M
Price to Earnings (P/E)―
Beta (1Y)2.99
Revenue GrowthN/A
EPS Growth-17.27%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding432,912,300
10 Day Avg. Volume3,365,307
30 Day Avg. Volume1,879,245
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)0.34
Price to Sales (P/S)0.00
P/FCF Ratio-1.22
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)>-0.01
Revenue Forecast (FY)N/A
Pacgold Limited Business Overview & Revenue Model
Company Description
Pacgold Limited operates as a gold exploration company in Australia. Its principal property is the Alice River gold project that comprises a portfolio of eight mining leases and five exploration permits located in the Alice River region of north Q...
How the Company Makes Money
null...
Pacgold Limited Financial Statement Overview
Summary
Income Statement
10
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 250.00 |
| Gross Profit | 0.00 | -82.29K | -53.63K | -45.73K | -35.07K | -960.00 |
| EBITDA | -2.79M | -1.68M | -819.27K | -1.27M | -1.07M | -857.26K |
| Net Income | -2.79M | -1.66M | -872.90K | -1.31M | -1.10M | -858.47K |
Balance Sheet | ||||||
| Total Assets | 42.87M | 23.56M | 19.24M | 17.10M | 17.80M | 8.31M |
| Cash, Cash Equivalents and Short-Term Investments | 10.00M | 1.20M | 1.99M | 2.51M | 11.01M | 5.38M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 4.89M | 1.70M | 1.14M | 1.28M | 1.22M | 6.42M |
| Stockholders Equity | 37.99M | 21.87M | 18.10M | 15.82M | 16.58M | 1.89M |
Cash Flow | ||||||
| Free Cash Flow | -4.81M | -6.01M | -3.55M | -8.50M | -5.16M | -639.89K |
| Operating Cash Flow | -1.85M | -1.34M | -668.43K | -764.12K | -865.96K | -162.97K |
| Investing Cash Flow | -8.90M | -4.62M | -2.89M | -7.73M | -4.34M | -1.14M |
| Financing Cash Flow | 17.43M | 5.17M | 3.03M | 0.00 | 10.84M | 6.66M |
Pacgold Limited Technical Analysis
Positive
0.08
Price Trends
0.13
Negative
0.11
Positive
0.09
Positive
Market Momentum
>-0.01
Negative
50.37
Neutral
70.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PGO, the sentiment is Positive. The current price of 0.08 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.13, and below the 200-day MA of 0.09, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.37 is Neutral, neither overbought nor oversold. The STOCH value of 70.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PGO.
Pacgold 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% | |
55 Neutral | AU$171.89M | -21.30 | -3.54% | ― | ― | ― | |
49 Neutral | AU$24.60M | 2.84 | 36.53% | ― | ― | ― | |
48 Neutral | AU$12.98M | -4.44 | -6.21% | ― | ― | -28.57% | |
46 Neutral | AU$15.52M | -1.34 | -202.96% | ― | ― | 48.90% | |
43 Neutral | AU$13.46M | -2.33 | 49.35% | ― | ― | 90.70% | |
40 Underperform | AU$47.62M | -3.34 | -9.31% | ― | ― | -17.27% |
* Basic Materials Sector Average
AU:PGO
Pacgold Limited
0.11
0.04
64.06%
AU:GML
Gateway Mining Limited
0.07
0.04
138.71%
AU:SNG
Siren Gold Ltd
0.08
0.02
35.59%
AU:TYX
Tyranna Resources Limited
―
―
―
AU:NWM
Norwest Minerals Ltd.
0.01
<0.01
9.09%
AU:FG1
Flynn Gold Ltd.
0.03
<0.01
19.05%
Pacgold Limited Corporate Events
Pacgold Extends St George Gold-Antimony Anomalies Over 30km, Unveils High-Grade Limestone Targets
Mar 25, 2026
Pacgold has extended gold and antimony geochemical anomalies along the Fence Structural Zone at its St George Project to more than 30km of strike through grid-based soil and rock chip sampling. The work has defined seven major targets within this ...
Pacgold advances White Dam drilling and moves closer to production restart
Mar 16, 2026
Pacgold has reported further encouraging reverse circulation drilling results from the Vertigo deposit at its White Dam project, with about 95% of the Vertigo resource drilling now complete and consistent shallow gold and copper mineralisation rei...
Pacgold moves to boost output with heap leach re-crush at White Dam
Mar 8, 2026
Pacgold will shortly commence re-crushing the top lift of the existing heap leach pad at its White Dam Gold Project, following the mobilisation of a new Metso screen, Metso HP300 cone crusher and radial stacker under a hire purchase agreement. The...
Pacgold Issues New Shares Under Cleansing Notice While Advancing Gold Projects
Mar 4, 2026
Pacgold Limited has issued 749,999 fully paid ordinary shares that are part of its existing quoted class on the ASX, using provisions that allow the securities to be issued without a full prospectus-style disclosure. The company confirmed it is up...
Pacgold Seeks ASX Quotation for 749,999 New Ordinary Shares
Mar 4, 2026
Pacgold Limited has applied to the ASX for quotation of 749,999 new fully paid ordinary shares, issued on 4 March 2026 under its issuer code PGO. The additional securities, arising from the exercise or conversion of existing instruments, modestly ...
Pacgold Director Increases Indirect Shareholding After Performance Rights Vesting
Mar 3, 2026
Pacgold Limited has reported a change in the holdings of director Matthew Boyes, following the vesting of performance rights into ordinary shares. Boyes, who has direct and indirect interests through the MTJ Holdings Trust and his spouse, acquired...
Pacgold Seeks ASX Quotation for Over 1 Million New Shares
Feb 26, 2026
Pacgold Limited has applied for quotation on the ASX of 1,052,083 new fully paid ordinary shares, issued on 26 February 2026 following the exercise or conversion of existing options or other convertible securities. The additional shares modestly e...
Pacgold Strikes Profit Share Deal to Unlock Historic Wadnaminga Gold Project
Feb 24, 2026
Pacgold has signed a 50-50 profit share agreement with Grainger Gold over the Wadnaminga Project, 80km southwest of its White Dam mine, covering the New Milo and Great Eastern mining centres and related historical stockpiles. The project area, whi...
Pacgold’s White Dam drilling confirms high-grade gold as it accelerates shift to production
Feb 22, 2026
Pacgold has reported initial high-grade assay results from infill reverse circulation drilling at the Vertigo pit within its White Dam Gold Project, confirming strong alignment with existing resource models and supporting an upgrade of predominant...
Pacgold Reaffirms Resource Estimates and Strategy in Historic Gold District
Feb 9, 2026
Pacgold has released an investor presentation outlining its strategy to establish a dominant position in the Broken Hill Gold District, one of Australia’s most historically important mining regions. The company highlights its recently report...
Pacgold Issues 4.8 Million New Shares Under Cleansing Notice
Feb 3, 2026
Pacgold Limited has issued 4,775,416 fully paid ordinary shares, all within a class already quoted on the Australian Securities Exchange, and has confirmed the issuance was conducted without a prospectus in reliance on relevant provisions of the C...
Pacgold Applies for ASX Quotation of 4.8 Million New Shares
Feb 3, 2026
Pacgold Limited has applied to the ASX for quotation of 4,775,416 new fully paid ordinary shares under its ticker PGO, following the exercise or conversion of existing options or other convertible securities. The issuance, dated 3 February 2026, w...
Pacgold Issues New Shares Under Cleansing Notice While Advancing Gold and Antimony Portfolio
Feb 2, 2026
Pacgold Limited has issued 334,833 fully paid ordinary shares from its existing class of quoted securities on the ASX, utilising provisions of the Corporations Act that allow the issuance without a prospectus while confirming compliance with conti...
Pacgold Accelerates White Dam Restart as Exploration Delivers Strong Results
Jan 29, 2026
Pacgold has completed the acquisition of 100% of the White Dam Gold Operation in South Australia and advanced key restart works, including relining and approval of the pregnant leach solution pond, aeration of existing heap leach ore, and commence...
Pacgold Confirms High-Grade Antimony at St George, Plans 2026 Province-Scale Drill Program
Jan 28, 2026
Pacgold Limited has reported final assay results from its maiden reverse circulation drilling campaign at the St George Gold-Antimony Project in northeast Queensland, confirming continuous high-grade antimony and anomalous gold mineralisation over...
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.