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White Gold
(WGO)
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Rating:57Neutral
Price Target:
C$1.50
▲(8.70% Upside)
Action:Reiterated
Date:06/04/26
Score is held back primarily by weak financial performance (no revenue, widening losses, and worsening cash burn), partly mitigated by a debt-free balance sheet. Technicals are supportive with an established uptrend and positive momentum, while valuation remains constrained by ongoing losses and no dividend support.
Positive Factors
Debt-free balance sheet
Zero reported debt combined with a sizeable equity base materially reduces refinancing and solvency risk for an exploration company. This structural financial flexibility supports multi-season drilling programs, strategic JV negotiations, and project advancement without immediate operating revenue.
Negative Factors
No revenue & widening losses
Persistent lack of operating revenue and materially widening net losses are structural weaknesses for an exploration-stage miner. Ongoing losses consume equity, limit reinvestment capacity, and force reliance on capital markets, increasing dilution risk and constraining long-term project timelines absent discovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt combined with a sizeable equity base materially reduces refinancing and solvency risk for an exploration company. This structural financial flexibility supports multi-season drilling programs, strategic JV negotiations, and project advancement without immediate operating revenue.
Read all positive factors
White Gold (WGO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$343.40M
Dividend YieldN/A
Average Volume (3M)719.06K
Price to Earnings (P/E)―
Beta (1Y)2.92
Revenue GrowthN/A
EPS Growth-57.14%
CountryCA
Employees8
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding221,548,190
10 Day Avg. Volume437,418
30 Day Avg. Volume719,063
Financial Highlights & Ratios
PEG Ratio-1.49
Price to Book (P/B)1.75
Price to Sales (P/S)0.00
P/FCF Ratio-39.36
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)-0.01
Revenue Forecast (FY)N/A
White Gold Business Overview & Revenue Model
Company Description
White Gold Corp. is a Canadian enterprise dedicated to the acquisition, exploration, and development of mineral properties. Its primary undertaking is the Golden Saddle and Arc deposits, which are part of the White Gold property situated near Daws...
How the Company Makes Money
The company does not have publicly available information indicating recurring revenue from producing mines or sales of commercial products; as an exploration-stage company, it typically does not generate operating revenue from mineral production. ...
White Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
66
Positive
Cash Flow
20
Very Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -123.09K | -2.20K | -133.25K | -4.49K | -6.41K |
| EBITDA | -4.64M | -2.41M | -2.06M | -472.01K | -3.20M |
| Net Income | -3.85M | -2.51M | -2.22M | -1.10M | -1.21M |
Balance Sheet | |||||
| Total Assets | 157.86M | 137.98M | 134.49M | 131.14M | 127.60M |
| Cash, Cash Equivalents and Short-Term Investments | 20.14M | 4.38M | 4.93M | 6.13M | 9.65M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 16.12M | 15.17M | 14.26M | 13.90M | 13.96M |
| Stockholders Equity | 141.73M | 122.82M | 120.23M | 117.25M | 113.64M |
Cash Flow | |||||
| Free Cash Flow | -6.28M | -1.41M | -6.28M | -7.91M | -7.77M |
| Operating Cash Flow | -2.47M | -1.41M | -1.73M | -1.04M | -3.11M |
| Investing Cash Flow | -3.81M | -4.02M | -4.55M | -6.86M | -4.66M |
| Financing Cash Flow | 22.05M | 4.87M | 5.08M | 4.39M | 13.36M |
White Gold Technical Analysis
Negative
1.38
Price Trends
1.87
Negative
1.81
Negative
1.52
Positive
Market Momentum
-0.08
Positive
37.81
Neutral
15.98
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WGO, the sentiment is Negative. The current price of 1.38 is below the 20-day moving average (MA) of 1.70, below the 50-day MA of 1.87, and below the 200-day MA of 1.52, indicating a neutral trend. The MACD of -0.08 indicates Positive momentum. The RSI at 37.81 is Neutral, neither overbought nor oversold. The STOCH value of 15.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:WGO.
White 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% | |
57 Neutral | C$343.40M | -70.14 | -3.60% | ― | ― | -57.14% | |
49 Neutral | C$38.08M | -65.22 | -2.95% | ― | ― | 13.04% | |
46 Neutral | C$82.05M | -37.23 | -3.83% | ― | ― | -17.07% | |
45 Neutral | C$34.03M | -1.60 | -74.08% | ― | ― | -73.78% | |
45 Neutral | C$86.74M | -23.46 | -5.16% | ― | ― | 61.72% | |
| ― | C$106.49M | -15.99 | -59.35% | ― | ― | -108.57% |
* Basic Materials Sector Average
TSE:WGO
White Gold
1.55
1.25
408.20%
TSE:BTR
BonTerra Resources
0.16
-0.03
-15.79%
TSE:KG
Klondike Gold
0.15
0.05
50.00%
TSE:NCAU
Newcore Gold
0.31
-0.26
-46.49%
TSE:YARR
Sokoman Minerals Corp
0.21
0.18
500.00%
TSE:YGT
Gold Terra Resource
0.18
0.12
218.18%
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.