Winshear Gold (WINS) AI Stock Analysis

• Market Cap: C$5.31M
• Dividend Yield: N/A
• Average Volume (3M): 42.42K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.98
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: General
• Sector Strength: N/A
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 44,251,965
• 10 Day Avg. Volume: 40,028
• 30 Day Avg. Volume: 42,419
• PEG Ratio: 0.01
• Price to Book (P/B): 2.35
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.55
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: C$0.12 ▲(32.22% Upside)

The score is weighed down primarily by weak financial performance (no revenue, recurring losses, negative free cash flow, and shrinking equity base despite zero debt). Technical indicators provide a partial offset with positive momentum and price above major moving averages, but valuation remains constrained by negative earnings and no dividend support.

Positive Factors

Debt-free balance sheet

A debt-free capital structure materially lowers fixed financial obligations and bankruptcy risk, giving management flexibility to allocate scarce capital to exploration or seek non-debt funding. This structural strength supports survival through multi-quarter drilling cycles.

Focused exploration business model

A clear, repeatable model centered on early-stage exploration in a defined jurisdiction concentrates technical expertise and operational planning. Over months, this focus can improve targeting efficiency, partnerships, and the chance of defining economically meaningful mineralization.

Project advancement and transaction optionality

The firm's strategic aim to advance targets to defined resources and pursue development or sale creates enduring value optionality. Successful de-risking can unlock non-linear value via JV, asset sales, or farm-outs, allowing capital-efficient growth without long-term operating burdens.

Negative Factors

No revenue and persistent operating losses

Absence of revenue and recurring operating losses mean the company cannot self-fund exploration activities. Over 2-6 months this structural shortfall forces reliance on external capital, increasing execution risk for drill programs and delaying project advancement if funding gaps emerge.

Negative and volatile cash flow

Sustained negative operating and free cash flow indicates ongoing cash burn and unpredictability of funding needs. Volatility (one-time positive then back to negative) reduces planning visibility for multi-quarter programs and increases probability of dilutive financings or paused exploration.

Declining equity and funding risk

A sharp drop in shareholders' equity erodes the balance sheet cushion and signals cumulative losses or dilution. Over the medium term this heightens the need for external capital, raises dilution risk for existing holders, and can constrain the company's ability to negotiate favourable partner or financing terms.

Winshear Gold Business Overview & Revenue Model

Company Description

Winshear Gold Corp., a junior gold exploration company, engages in the identification, acquisition, exploration, and development of mineral properties in Peru. It also explores for gold, iron oxide, copper, copper, and base metal deposits. The company holds 100% interest in the Gaban project that consists of 41 concessions covering an area of 15,629 hectares located in the Puno orogenic gold belt in southeastern Peru; and the Ica project, which covers an area of 2,933 hectares located to the southeast of the town of Ica and southeast of Lima, Peru. Winshear Gold Corp. is headquartered in Vancouver, Canada.

How the Company Makes Money

Winshear Gold Financial Statement Overview

Summary

Income statement and cash flow are weak with no revenue, ongoing operating losses (TTM EBIT about -2.2M) and negative operating/free cash flow (TTM about -1.9M). Balance sheet risk is reduced by zero debt, but equity has declined sharply (about 3.15M in 2024 to about 0.95M TTM), increasing dilution/funding risk.

Income Statement

TTM (Trailing-Twelve-Months) results show no revenue and ongoing operating losses (EBIT about -2.2M; net loss about -2.1M). Profitability has been inconsistent year-to-year, with a large one-time-looking profit in 2024 followed by a return to losses in 2025, indicating weak earnings quality and limited operating momentum. The key strength is that losses are not accompanied by debt-related pressure (no interest burden shown), but the core issue remains: no demonstrated revenue base and persistent negative operating performance.

Balance Sheet

The balance sheet shows no debt across periods, which materially lowers financial risk and gives the company flexibility. However, equity and assets have declined meaningfully from 2024 to the latest periods (equity falling from ~3.15M in 2024 to ~0.95M in the latest TTM (Trailing-Twelve-Months)), consistent with ongoing cash burn and losses. Returns on equity are negative in the latest periods, highlighting value dilution risk despite the clean capital structure.

Cash Flow

TTM (Trailing-Twelve-Months) operating and free cash flow are both negative (about -1.9M), and free cash flow growth is also negative versus the prior period, pointing to continued cash consumption. Cash flow was exceptionally strong in 2024 (large positive operating/free cash flow), but that improvement did not persist, suggesting volatility and limited predictability of funding needs. A positive is that cash flow broadly tracks reported earnings directionally (free cash flow roughly in line with net income in the provided data), but the current trajectory still implies ongoing external financing dependence unless conditions improve.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2021	Dec 2020
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	-2.19M	0.00	-1.93M	-951.99K	-1.11M	-1.22M
Net Income	-2.12M	-2.06M	23.88M	-973.76K	-1.14M	-1.19M
Balance Sheet
Total Assets	1.15M	1.43M	3.41M	236.26K	462.34K	800.24K
Cash, Cash Equivalents and Short-Term Investments	1.11M	1.37M	3.16M	150.55K	342.45K	724.65K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	191.41K	175.53K	264.70K	186.88K	109.18K	90.43K
Stockholders Equity	954.09K	1.25M	3.15M	49.38K	353.16K	709.82K
Cash Flow
Free Cash Flow	-1.88M	-1.90M	23.81M	-800.11K	-1.08M	-1.35M
Operating Cash Flow	-1.88M	-1.90M	23.81M	-800.11K	-1.08M	-1.35M
Investing Cash Flow	0.00	0.00	0.00	0.00	0.00	24.06K
Financing Cash Flow	-20.69M	0.00	-20.79M	621.70K	704.86K	1.78M

Winshear Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
WINS	49 Neutral	C$5.31M	-1.92	-107.25%	―	―	―
TRU	48 Neutral	C$6.58M	-80.00	-46.43%	―	―	94.57%
HVG	45 Neutral	C$6.07M	-1.09	-93.08%	―	―	-230.94%
EDGM	42 Neutral	C$4.97M	-13.64	-13.58%	―	―	-50.00%
GCN	27 Underperform	C$5.32M	-14.71	-75.44%	―	―	-64.52%
SMP	17 Underperform	C$6.15M	-0.49	-231.76%	―	―	-286.86%