Western Gold Resources Ltd. (WGR) AI Stock Analysis

• Market Cap: AU$13.51M
• Dividend Yield: N/A
• Average Volume (3M): 205.23K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.70
• Revenue Growth: N/A
• EPS Growth: 26.13%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Gold
• EPS (TTM): -0.02
• Shares Outstanding: 214,381,320
• 10 Day Avg. Volume: 152,768
• 30 Day Avg. Volume: 205,233
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 34 Underperform
• Price Target: ―

Western Gold Resources Ltd. has a low overall stock score, primarily due to its weak financial performance with persistent losses and negative cash flow. The technical analysis suggests mixed signals, with some stability but overall negative momentum. The valuation is also concerning, given the negative P/E ratio and lack of a dividend. The absence of significant earnings call data or corporate events leaves these weaknesses unmitigated.

Western Gold Resources Ltd. Business Overview & Revenue Model

Company Description

Western Gold Resources Limited engages in the exploration and extraction of mineral resources. It holds interest in the Wiluna West Gold Project that includes 7 granted mining leases covering an area of 85.8 square kilometers located in Wiluna, Western Australia. The company was incorporated in 2009 and is based in West Perth, Australia.

How the Company Makes Money

Western Gold Resources Ltd. makes money through the extraction and sale of gold. The company's primary revenue stream is the sale of gold extracted from its mining operations. This involves identifying viable gold deposits, extracting the raw ore, and then processing it to produce gold bullion. WGR sells its gold to various buyers, including refineries, precious metal traders, and jewelry manufacturers. The company's earnings are influenced by the market price of gold, production costs, and the efficiency of its mining operations. Additionally, strategic partnerships with other mining companies or joint ventures in exploration and development projects can contribute to its revenue if these collaborations lead to successful gold extraction.

Western Gold Resources Ltd. Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
4.64K	0.00	0.00	0.00	0.00
	Gross Profit
4.64K	-1.78K	-1.82K	0.00	0.00
	EBIT
-2.39M	-1.91M	-4.01M	-1.56M	-313.01K
	EBITDA
-2.43M	-1.90M	-4.01M	0.00	-881.00
	Net Income Common Stockholders
-3.11M	-1.90M	-4.01M	2.05M	-313.01K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
751.32K	658.71K	2.13M	31.25K	0.00
	Total Assets
2.07M	1.29M	2.92M	838.75K	549.00K
	Total Debt
500.00K	0.00	0.00	463.62K	3.56M
	Net Debt
-251.32K	-658.71K	-2.13M	432.37K	3.56M
	Total Liabilities
740.81K	261.94K	460.41K	813.40K	3.57M
	Stockholders Equity
1.33M	1.03M	2.46M	25.34K	-3.03M
Cash Flow		Free Cash Flow
-2.24M	-1.95M	-4.17M	-693.37K	―
	Operating Cash Flow
-2.22M	-1.95M	-4.16M	-693.37K	―
	Investing Cash Flow
-99.19K	0.00	-12.88K	0.00	0.00
	Financing Cash Flow
2.41M	475.24K	6.27M	98.28K	0.00

Western Gold Resources Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WGR, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.23 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WGR.

Western Gold Resources Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	50 Neutral	$1.99B	-1.06	-21.34%	3.71%	2.03%	-30.65%
WGR	34 Underperform	AU$13.51M	―	-217.17%	―	―	26.13%
NESRF		$18.57B	22.48	11.01%	2.69%	―	―
RMGGF		$857.48M	41.67	-5.02%	―	―	―
CAHPF		$11.31B	24.65	16.97%	1.48%	―	―
RML	44 Neutral	AU$6.84M	―	-27.37%	―	―	51.38%

Western Gold Resources Ltd. Corporate Events

Western Gold Resources Advances Gold Duke Project with Strategic Developments

Western Gold Resources Limited has made significant progress in advancing its Gold Duke Project towards production. Key developments include selecting a preferred mining contractor, raising $720,000 through a share placement, and identifying high-potential mining opportunities to extend the project’s life. Additionally, the company raised over $1 million post-quarter to support ongoing project advancement, including finalizing gold processing options and updating the Scoping Study. These efforts are aimed at accelerating the project’s development and enhancing its market positioning.

Western Gold Resources Announces New Securities Issue

Western Gold Resources Ltd. has announced a proposed issue of securities, including 17,388,131 unlisted options and 24,776,262 fully paid ordinary shares, with a proposed issue date of May 2, 2025. This move is likely aimed at raising capital to support the company’s operations and growth initiatives, potentially impacting its market positioning and providing opportunities for stakeholders.

Western Gold Resources Secures Capital to Advance Gold Duke Project

Western Gold Resources Ltd. has completed a capital raising of $1,052,991 to support the advancement of its Gold Duke Project. The funds will be used to finalize gold processing negotiations, update the Scoping Study, and advance drilling plans. This capital raise strengthens WGR’s financial position and aligns with favorable gold market conditions, enhancing its ability to progress the Gold Duke Project.

Western Gold Resources Initiates Trading Halt Amid Capital Raising Discussions

Western Gold Resources Ltd. has requested a trading halt on its securities as it engages in discussions regarding a capital raising. The halt will remain in effect until the company releases an announcement or until normal trading resumes on April 29, 2025. This move is intended to facilitate an orderly capital raising process, potentially impacting the company’s financial strategy and stakeholder interests.

Western Gold Resources Ltd. Releases Half-Year Financial Report

Western Gold Resources Ltd. has released its half-year financial report for the period ending December 31, 2024. The report provides a comprehensive overview of the company’s financial performance, including profit or loss, financial position, changes in equity, and cash flows. This announcement is crucial for stakeholders as it reflects the company’s financial health and operational efficiency over the past six months.