Westward Gold Inc (TSE:WG)
:WG
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Westward Gold Inc
(WG)
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Rating:45Neutral
Price Target:
C$0.09
▼(-37.14% Downside)
Action:ReiteratedDate:03/20/26
The score is primarily constrained by weak financial performance (no revenue, ongoing losses and cash burn) and bearish technicals (price below all major moving averages with negative MACD). A debt-free balance sheet provides some stability, but valuation remains pressured due to negative earnings and no dividend support.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure materially lowers solvency and interest-rate risk for an early-stage explorer. Over the next 2–6 months this provides durable flexibility to finance exploration or weather commodity volatility without scheduled interest outflows, preserving optionality for strategic choices.
Negative Factors
No revenue
As a pre-revenue gold explorer, the company lacks operating cash inflows and has no demonstrated revenue model. Over the medium term this means business viability hinges entirely on successful exploration or asset monetization events, making financial outcomes binary and uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure materially lowers solvency and interest-rate risk for an early-stage explorer. Over the next 2–6 months this provides durable flexibility to finance exploration or weather commodity volatility without scheduled interest outflows, preserving optionality for strategic choices.
Read all positive factors
Westward Gold Inc (WG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$21.01M
Dividend YieldN/A
Average Volume (3M)199.07K
Price to Earnings (P/E)―
Beta (1Y)1.52
Revenue GrowthN/A
EPS Growth14.38%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding233,483,080
10 Day Avg. Volume111,085
30 Day Avg. Volume199,075
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)1.14
Price to Sales (P/S)0.00
P/FCF Ratio-7.87
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
Westward Gold Inc Business Overview & Revenue Model
Company Description
Westward Gold Inc. operates as a mineral exploration company. The company engages in the exploration and development of mineral resource properties in the United States. It focuses on the exploration of the Toiyabe Property, the Turquoise Canyon P...
How the Company Makes Money
null...
Westward Gold Inc Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
64
Positive
Cash Flow
29
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Mar 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.92M | 0.00 | -1.48M | -1.37M | -1.69M | -84.81K |
| Net Income | -1.96M | -1.35M | -1.57M | -1.44M | -1.83M | -84.81K |
Balance Sheet | ||||||
| Total Assets | 18.37M | 10.26M | 8.95M | 8.14M | 7.72M | 1.30M |
| Cash, Cash Equivalents and Short-Term Investments | 4.94M | 841.34K | 420.31K | 493.97K | 2.53M | 1.19M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 185.59K | 173.29K | 394.56K | 219.43K | 143.00K | 29.02K |
| Stockholders Equity | 18.18M | 10.09M | 8.56M | 7.92M | 7.58M | 1.27M |
Cash Flow | ||||||
| Free Cash Flow | -1.56M | -1.46M | -793.95K | -1.14M | -1.21M | -125.07K |
| Operating Cash Flow | -1.14M | -1.46M | -793.95K | -1.14M | -1.20M | -125.06K |
| Investing Cash Flow | -4.19M | -817.66K | -722.02K | -1.74M | 102.05K | -12.03K |
| Financing Cash Flow | 9.34M | 2.70M | 1.44M | 848.08K | 2.44M | 1.08M |
Westward Gold Inc Technical Analysis
Negative
0.14
Price Trends
0.11
Negative
0.12
Negative
0.13
Negative
Market Momentum
>-0.01
Negative
43.80
Neutral
51.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WG, the sentiment is Negative. The current price of 0.14 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.11, and above the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.80 is Neutral, neither overbought nor oversold. The STOCH value of 51.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:WG.
Westward Gold Inc 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 | C$39.99M | -22.12 | -5.33% | ― | ― | ― | |
48 Neutral | C$46.97M | -29.03 | -2.95% | ― | ― | -34.21% | |
46 Neutral | C$30.90M | 125.32 | 27.05% | ― | -100.00% | ― | |
45 Neutral | C$21.01M | -15.35 | -16.82% | ― | ― | 14.38% | |
44 Neutral | C$24.09M | -12.63 | -144.44% | ― | ― | ― | |
42 Neutral | C$25.16M | -2.66 | -113.96% | ― | ― | -107.64% |
* Basic Materials Sector Average
TSE:WG
Westward Gold Inc
0.09
<0.01
5.88%
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Westward Gold Inc Corporate Events
Business Operations and Strategy
Westward Gold Expands Toiyabe Hills After Discovering Deep Intrusive Target
Positive
Mar 26, 2026
Westward Gold Inc. has identified a deep-seated igneous stock, dubbed the Threemile Stock, beneath the footwall of the Hilltop Corridor at its Toiyabe Hills Property in Nevada, following a property-wide drone magnetic survey completed in late 2025...
Business Operations and Strategy
Westward Gold Expands Nevada Land Position and Sets 2026 Drilling Push After New Carlin-Type Find
Positive
Mar 18, 2026
Westward Gold Inc. reported final 2025 reverse-circulation drilling results from its Phase I program at the Campfire Target Complex in Nevada, confirming a vertically and laterally extensive hydrothermal system within favourable lower-plate carbon...
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.