Western Gold Resources Ltd. (AU:WGR)
ASX:WGR
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Western Gold Resources Ltd.
(Sydney:WGR)
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Rating:42Neutral
Price Target:
AU$0.15
▼(-23.00% Downside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by weak financial performance (continued losses and sustained negative operating/free cash flow), alongside bearish technical signals (trading below major moving averages with negative MACD). Valuation provides limited offset because the company is unprofitable (negative P/E) and no dividend yield is available.
Positive Factors
No reported debt (2025)
A debt-free 2025 balance sheet reduces near-term financial distress risk and preserves strategic optionality. Over months this lowers fixed financing costs, eases covenant pressure, and provides flexibility to time external raises or partner arrangements without servicing existing lenders.
Negative Factors
Consistent negative cash flow
Persistent negative operating and free cash flow indicates the company cannot self-fund operations and growth. Structurally this erodes liquidity, shortens runway absent financing, and forces recurring capital raises that can dilute shareholders and distract management from value creation.
Read all positive and negative factors
Positive Factors
Negative Factors
No reported debt (2025)
A debt-free 2025 balance sheet reduces near-term financial distress risk and preserves strategic optionality. Over months this lowers fixed financing costs, eases covenant pressure, and provides flexibility to time external raises or partner arrangements without servicing existing lenders.
Read all positive factors
Western Gold Resources Ltd. (WGR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$47.05M
Dividend YieldN/A
Average Volume (3M)1.17M
Price to Earnings (P/E)―
Beta (1Y)2.41
Revenue GrowthN/A
EPS Growth40.17%
CountryAU
Employees6
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding294,048,800
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 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, 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 | 0.00 |
| 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
0.18
Negative
0.19
Negative
0.15
Positive
Market Momentum
>-0.01
Negative
46.69
Neutral
67.59
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 0.16, above the 50-day MA of 0.18, and above the 200-day MA of 0.15, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.69 is Neutral, neither overbought nor oversold. The STOCH value of 67.59 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% | |
52 Neutral | AU$51.83M | 3.40 | 7.66% | ― | 400.00% | 21.71% | |
48 Neutral | AU$31.97M | -2.63 | -26.06% | ― | ― | ― | |
46 Neutral | AU$32.16M | -30.22 | -4.96% | ― | ― | 37.50% | |
45 Neutral | AU$53.69M | -3.39 | -35.89% | ― | ― | -4.00% | |
45 Neutral | AU$22.76M | -6.13 | -78.42% | ― | ― | ― | |
42 Neutral | AU$47.05M | -1.91 | -342.09% | ― | ― | 40.17% |
* Basic Materials Sector Average
AU:WGR
Western Gold Resources Ltd.
0.16
0.12
300.00%
AU:ODY
Odyssey Gold Limited
0.04
0.02
100.00%
AU:AAM
Matador Mining Ltd
0.04
>-0.01
-14.29%
AU:HAW
Hawthorn Resources Limited
0.10
0.05
128.57%
AU:MVL
Marvel Gold Ltd.
0.02
<0.01
45.45%
AU:KZR
Kalamazoo Resources Ltd.
0.17
0.08
98.80%
Western Gold Resources Ltd. Corporate Events
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...
Western Gold Secures Haul Road Access for Gold Duke Project
Mar 17, 2026
Western Gold Resources has secured Road User Agreements with Main Roads WA and the Shire of Wiluna, granting access to the Sandstone–Wiluna Road and the Goldfields Highway for ore haulage from its Gold Duke Project. The arrangements define c...
Western Gold Resources Targets Mine Life Extension at Gold Duke with New Drilling Push
Mar 8, 2026
Western Gold Resources has launched a 12,000-metre life-of-mine extension, grade control and infill drilling program at its flagship Gold Duke Project, backed by a strong cash balance and buoyant gold prices. The work targets strike and down-dip e...
Western Gold Resources Awards Pre-Mining Contracts for Gold Duke Project
Feb 9, 2026
Western Gold Resources has moved the Gold Duke Project into the execution phase by awarding pre-mining contracts to SSH Mining Australia and other contractors to begin clearing, grubbing and site establishment. The early works include developing o...
Western Gold Resources Appoints New CFO and Company Secretary
Feb 6, 2026
Western Gold Resources has appointed experienced finance executive Sonu Cheema as its new Chief Financial Officer and Company Secretary, effective 5 February 2026, bringing more than 15 years of financial and corporate governance experience with p...
Western Gold Resources Issues New Shares on Partial Option Exercise
Jan 29, 2026
Western Gold Resources Ltd. has issued 1,000,000 new fully paid ordinary shares following the partial exercise of unlisted options that were originally granted to lenders under a $3 million secured, non-converting loan facility established in 2025...
Western Gold Resources Seeks ASX Quotation for 1 Million New Shares
Jan 29, 2026
Western Gold Resources Limited, an ASX-listed resources company focused on gold projects, continues to expand its equity base through the issuance of new ordinary shares. The company has applied for quotation on the ASX of 1,000,000 new fully paid...
Western Gold Resources Approves Mining at Fully Funded Gold Duke Project After Resource Upgrade
Jan 29, 2026
Western Gold Resources has secured board approval to commence mining at its 100%-owned Gold Duke Project, with mobilisation and site establishment scheduled for the first quarter of 2026. The company is now fully funded through to production after...
Substantial Shareholder Exits Major Position in Western Gold Resources
Jan 20, 2026
A substantial shareholder in Western Gold Resources Ltd. has lodged a regulatory notice indicating it has ceased to be a substantial holder in the company. The change reflects a reduction in that investor’s voting interest below the substant...
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.