Western Gold Resources Ltd. (AU:WGR)
ASX:WGR
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Western Gold Resources Ltd.
(Sydney:WGR)
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Rating:43Neutral
Price Target:
AU$0.12
▼(-42.00% Downside)
Action:Reiterated
Date:06/19/26
The score is held down primarily by sustained losses and ongoing cash burn, implying continued reliance on external funding. Technicals also weigh on the score as price remains below key moving averages with a negative MACD. Valuation signals are constrained by a negative P/E and no provided dividend yield.
Positive Factors
No reported debt
Absence of reported debt reduces fixed financial obligations and insolvency risk, preserving capital allocation flexibility. For an exploration-stage miner, low leverage supports the ability to raise capital on less strained terms and reduces bankruptcy risk while pursuing project development.
Negative Factors
Consistent cash burn
Persistent negative operating and free cash flow signal ongoing cash burn that undermines self-sufficiency. Over months this erodes liquidity, forces repeated external raises, constrains investment in operations, and increases the company's vulnerability to financing market disruptions.
Read all positive and negative factors
Positive Factors
Negative Factors
No reported debt
Absence of reported debt reduces fixed financial obligations and insolvency risk, preserving capital allocation flexibility. For an exploration-stage miner, low leverage supports the ability to raise capital on less strained terms and reduces bankruptcy risk while pursuing project development.
Read all positive factors
Western Gold Resources Ltd. (WGR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$35.46M
Dividend YieldN/A
Average Volume (3M)1.17M
Price to Earnings (P/E)―
Beta (1Y)2.52
Revenue GrowthN/A
EPS Growth-86.59%
CountryAU
Employees6
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding295,484,560
10 Day Avg. Volume1,487,174
30 Day Avg. Volume1,171,376
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)11.09
Price to Sales (P/S)229.66
P/FCF Ratio-8.12
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
Western Gold Resources Ltd. Business Overview & Revenue Model
Company Description
Western Gold Resources Limited, an Australian company headquartered in West Perth and founded in 2009, specializes in discovering and mining mineral deposits. The firm's key asset is its stake in the Wiluna West Gold Project, located in Wiluna, We...
How the Company Makes Money
null...
Western Gold Resources Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
44
Neutral
Cash Flow
20
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 66.64K | 4.64K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -5.51K | 66.64K | 4.64K | -1.78K | -1.82K | 0.00 |
| EBITDA | -5.56M | -1.97M | -2.43M | -1.90M | -4.01M | -1.56M |
| Net Income | -7.23M | -2.50M | -3.11M | -1.90M | -4.01M | 2.05M |
Balance Sheet | ||||||
| Total Assets | 6.40M | 1.68M | 2.07M | 1.29M | 2.92M | 838.75K |
| Cash, Cash Equivalents and Short-Term Investments | 5.43M | 608.40K | 751.32K | 658.71K | 2.13M | 31.25K |
| Total Debt | 3.00M | 0.00 | 500.00K | 0.00 | 0.00 | 463.62K |
| Total Liabilities | 3.55M | 303.68K | 740.81K | 261.94K | 460.41K | 813.40K |
| Stockholders Equity | 2.85M | 1.38M | 1.33M | 1.03M | 2.46M | 25.34K |
Cash Flow | ||||||
| Free Cash Flow | -5.60M | -1.88M | -2.24M | -1.95M | -4.17M | -693.37K |
| Operating Cash Flow | -5.57M | -1.88M | -2.22M | -1.95M | -4.16M | -693.37K |
| Investing Cash Flow | -26.28K | 198.00K | -99.19K | 0.00 | -12.88K | 0.00 |
| Financing Cash Flow | 10.85M | 1.54M | 2.41M | 475.24K | 6.27M | 724.62K |
Western Gold Resources Ltd. Technical Analysis
Negative
0.20
Price Trends
0.14
Negative
0.16
Negative
0.17
Negative
Market Momentum
>-0.01
Negative
41.00
Neutral
59.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WGR, the sentiment is Negative. The current price of 0.2 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.14, and above the 200-day MA of 0.17, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.00 is Neutral, neither overbought nor oversold. The STOCH value of 59.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WGR.
Western Gold Resources 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% | |
48 Neutral | AU$48.74M | -9.60 | -35.89% | ― | ― | -69.57% | |
47 Neutral | AU$48.69M | 19.99 | 7.66% | ― | 400.00% | ― | |
46 Neutral | AU$25.80M | -39.16 | -4.96% | ― | -100.00% | -7.14% | |
45 Neutral | AU$49.48M | -2.46 | -40.23% | ― | ― | -140.00% | |
44 Neutral | AU$21.33M | -6.69 | -78.42% | ― | ― | 46.51% | |
43 Neutral | AU$35.46M | -4.10 | -342.09% | ― | ― | -86.59% |
* Basic Materials Sector Average
AU:WGR
Western Gold Resources Ltd.
0.12
0.03
33.33%
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Odyssey Gold Limited
0.03
0.01
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Matador Mining Ltd
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<0.01
13.33%
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Hawthorn Resources Limited
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0.02
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AU:MVL
Marvel Gold Ltd.
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72.22%
Western Gold Resources Ltd. Corporate Events
Western Gold Resources Issues New Shares to Satisfy Loan Interest
Jun 19, 2026
Western Gold Resources Ltd. has issued 1,435,750 new fully paid ordinary shares to professional and sophisticated investors as payment of interest under a previously announced A$3 million loan facility. The shares, priced at A$0.08 each, reflect t...
Western Gold Resources Seeks Quotation for Additional ASX Shares
Jun 19, 2026
Western Gold Resources Ltd., an Australian gold exploration company listed on the ASX under code WGR, focuses on identifying and advancing gold projects for investors seeking exposure to the precious metals sector. Its ordinary fully paid shares f...
Western Gold Resources Director Sees Lapse of Unvested Performance Rights
Jun 2, 2026
Western Gold Resources has reported a change in director Cullum Winn’s relevant interests following the expiry of a tranche of performance rights. Winn holds his interests indirectly via the Winn Family Trust, where he is trustee and a poten...
Western Gold Resources Reports Lapse of 3 Million Performance Rights
Jun 2, 2026
Western Gold Resources Ltd., an Australian gold exploration and resources company listed on the ASX under ticker WGR, focuses on developing mineral assets to drive shareholder value in the mining sector. Its primary activities involve identifying,...
Western Gold Resources advances Gold Duke toward production with stronger balance sheet
Apr 30, 2026
Western Gold Resources reported that a strong cash position of $4.5 million and robust gold prices are underpinning the ramp‑up of Stage 1 mining at its flagship Gold Duke Project near Wiluna. The company is concentrating on extensional dril...
Western Gold Resources Extends Toll Milling Deal to De-Risk Gold Duke Project
Apr 29, 2026
Western Gold Resources has secured a six-month extension to its toll milling agreement with Wiluna Mining Corporation, reinforcing processing certainty for ore from its Gold Duke Project. The renewed deal ensures all currently defined Stage 1 ore ...
Western Gold Resources Starts On-Site Works at Gold Duke Project
Apr 2, 2026
Western Gold Resources has begun drilling a new production bore at the Bowerbird Prospect within its flagship Gold Duke Project in Western Australia. The bore is designed to replace an existing production well and provide a dedicated water supply ...
Western Gold Pays Loan Interest in Shares Under $3m Facility
Mar 20, 2026
Western Gold Resources Ltd. has issued 1,388,350 new fully paid ordinary shares to professional and sophisticated investors, tied to a previously announced $3 million loan facility bearing 15% annual interest. The lenders opted to receive their qu...
Western Gold Resources Increases Quoted Share Capital on ASX
Mar 20, 2026
Western Gold Resources Ltd., an Australian gold exploration and development company listed on the ASX under code WGR, has issued additional ordinary fully paid shares. The move modestly increases its quoted capital base and may support ongoing cor...
Western Gold Resources Relocates Registered Office to West Perth Hub
Mar 20, 2026
Western Gold Resources Ltd. has relocated its registered office and principal place of business to 19 Richardson Street, West Perth, Western Australia, effective 20 March 2026. The move consolidates the company’s corporate presence in West P...
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.