Wishbone Gold PLC (GB:WSBN)
LSE:WSBN
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Wishbone Gold
(LSE:WSBN)
Select Model
Select Model
Rating:48Neutral
Price Target:
74.00 p
▼(-24.49% Downside)
Action:ReiteratedDate:01/23/26
Overall score is held back primarily by weak financial performance (pre-revenue, ongoing losses, and negative free cash flow despite some improvement). Technicals are mixed with a neutral momentum profile and no clear trend, while valuation is limited by a negative P/E and lack of dividend yield data.
Positive Factors
Low leverage / no debt
A near-zero debt profile materially reduces solvency and interest-rate risk for an exploration company. This conservatism preserves optionality to fund programs via equity or partners and lowers near-term default risk while management pursues value-accretive exploration.
Negative Factors
Pre-revenue profile with persistent losses
Absent operating revenue and with recurring operating losses, the company must continually access external capital to fund exploration. This structural funding dependence increases dilution risk and can constrain the pace and scale of resource-advancing programs over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / no debt
A near-zero debt profile materially reduces solvency and interest-rate risk for an exploration company. This conservatism preserves optionality to fund programs via equity or partners and lowers near-term default risk while management pursues value-accretive exploration.
Read all positive factors
Wishbone Gold (WSBN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£8.31M
Dividend YieldN/A
Average Volume (3M)64.96M
Price to Earnings (P/E)―
Beta (1Y)3.59
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding30,225,864
10 Day Avg. Volume49,862,573
30 Day Avg. Volume64,963,528
Financial Highlights & Ratios
PEG Ratio1.92
Price to Book (P/B)22.89
Price to Sales (P/S)0.00
P/FCF Ratio-78.12
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
Wishbone Gold Business Overview & Revenue Model
Company Description
Wishbone Gold Plc engages in the gold production and trading activities in Australia. It explores for gold, silver, copper, lead, and other metals. The company's projects include the Red Setter and Cottesloe projects located in the Patersons Range...
How the Company Makes Money
Wishbone Gold does not operate as a producing miner; publicly available information does not provide evidence of recurring revenue from mineral production or sales. As an exploration-stage company, its economic model is typically oriented toward c...
Wishbone Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | Jun 2025 | Dec 2023 | Dec 2022 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 1.40M |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 10.41K |
| EBITDA | -1.46M | -1.27M | -1.10M | -907.33K | -477.04K |
| Net Income | -1.46M | -1.27M | -1.16M | -1.32M | -514.24K |
Balance Sheet | |||||
| Total Assets | 6.14M | 7.15M | 6.56M | 4.50M | 3.05M |
| Cash, Cash Equivalents and Short-Term Investments | 124.89K | 18.23K | 1.46M | 3.00M | 1.61M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 15.82K |
| Total Liabilities | 626.08K | 908.00K | 632.67K | 135.75K | 279.14K |
| Stockholders Equity | 5.52M | 6.25M | 5.93M | 4.36M | 2.77M |
Cash Flow | |||||
| Free Cash Flow | -1.62M | -3.26M | -3.91M | -1.14M | -681.67K |
| Operating Cash Flow | -1.49M | -1.62M | -787.35K | -926.42K | -299.80K |
| Investing Cash Flow | -121.30K | -1.64M | -3.12M | -217.13K | -381.88K |
| Financing Cash Flow | 1.16M | 1.84M | 2.38M | 2.56M | 2.28M |
Wishbone Gold 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% | |
51 Neutral | £8.08M | 5.22 | -2.46% | ― | ― | ― | |
48 Neutral | £8.31M | -163.55 | -14.14% | ― | ― | ― | |
46 Neutral | £3.62M | -1.95 | -86.67% | ― | ― | ― | |
45 Neutral | £7.24M | -3.75 | -24.33% | ― | ― | ― | |
44 Neutral | £15.16M | -46.64 | -4.26% | ― | ― | ― |
* Basic Materials Sector Average
GB:WSBN
Wishbone Gold
26.50
16.00
152.38%
GB:ECR
ECR Minerals
0.24
<0.01
4.35%
GB:IGLD
Caracal Gold PLC
0.28
0.00
0.00%
GB:CGNR
Conroy Gold and Natural Resources
10.75
8.30
338.78%
GB:LEX
Lexington Gold
3.10
-0.40
-11.43%
GB:HAMA
Hamak Gold Limited
0.80
0.18
29.03%
Wishbone Gold Corporate Events
Business Operations and Strategy
Wishbone Gold Confirms 4km Gold-Copper Trend at Red Setter and Plans Major 2026 Drill Campaign
Positive
Mar 16, 2026
Wishbone Gold has confirmed gold and copper mineralisation along an approximately 4km diorite trend at its Red Setter Project in Western Australia, following assay results from its 2025 drilling campaign. The results, which include several signifi...
Business Operations and Strategy
Wishbone Gold Wins Contested Tenement Near Telfer Mine
Positive
Feb 10, 2026
Wishbone Gold has secured a 67km² exploration tenement in a contested ballot on crown land about 25km north-west of the Telfer gold mine in Western Australia. The new license, E45/7169, will be incorporated into existing access and heritage a...
Business Operations and StrategyShareholder Meetings
Wishbone Gold Boosts Unissued Share Capital Through Deferred Share Acquisition
Positive
Jan 23, 2026
Wishbone Gold Plc has acquired all of its outstanding deferred shares of 9.9 pence each for nil consideration, as previously approved by shareholders at an Extraordinary General Meeting held on 28 November 2025. In line with the Gibraltar Companie...
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.