Winshear Gold (WINS) AI Stock Analysis

• Market Cap: C$9.70M
• Dividend Yield: N/A
• Average Volume (3M): 42.42K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.07
• 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: 69,251,970
• 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: 46 Neutral
• Price Target: C$0.14 ▲(52.22% Upside)
• Action: Reiterated Date: 02/06/26
• Date: Action: Reiterated 02/06/26

The score is held down primarily by weak financial performance (no revenue, recurring losses, negative free cash flow, and shrinking equity base), with valuation also constrained by loss-making results (negative P/E). Technicals provide some support due to a strong uptrend and positive MACD, but overbought RSI increases near-term reversal risk.

Positive Factors

Debt-free balance sheet

A debt-free capital structure materially lowers solvency and interest-cost risk, giving management durable flexibility to pursue exploration via equity, joint ventures, or earn-ins. Over a multi-month horizon this preserves optionality to fund drill programs without interest burdens that can compound during long permit and drill cycles.

Exploration-stage business model

The firm’s model—acquiring and advancing early-stage precious/base-metal projects in a mining-friendly district—matches a durable commodity-investment thesis: successful resource definition or farm-out transactions create asymmetric upside while allowing the company to limit ongoing operating overhead through partner-funded stages.

Occasional strong cash generation

A large positive cash-flow episode in 2024 shows the company can realize episodic funding outcomes (asset sales, partner receipts, or milestone payments). That capability indicates the business can, at times, self-fund activity or attract non-dilutive partner cash, improving medium-term project optionality versus pure continuous dilution.

Negative Factors

No revenue and persistent losses

Lack of operating revenue and recurring losses mean the company cannot self-sustain exploration from operating cash flow. Over a 2–6 month horizon this necessitates frequent access to capital markets or partners, increases execution risk on drilling programs, and heightens the probability of shareholder dilution if discoveries do not rapidly advance.

Negative operating and free cash flow

Ongoing negative operating and free cash flow create structural cash burn, forcing dependence on external financing or farm-in agreements. This persistent deficit constrains sustained exploration pacing, increases financing costs or dilution risk, and limits the firm's ability to commit to multi-hole drill programs without partner funding.

Shrinking equity base

A meaningful decline in book equity signals cumulative losses and/or dilution that reduces the balance-sheet buffer for exploration spending. Over the medium term this weakens negotiating leverage for joint ventures or financings, leaves less capital for permitting and drilling, and raises the likelihood of additional dilutive financings to sustain operations.

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

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Winshear Gold Financial Statement Overview

Summary

Very weak operating fundamentals: TTM shows no revenue, ongoing operating losses (EBIT about -2.2M) and net loss (about -2.1M), plus negative operating/free cash flow (about -1.9M). Equity and assets have declined materially, indicating dilution/cash-burn risk. The main offsetting positive is a zero-debt balance sheet, which reduces solvency risk but does not fix the lack of revenue and persistent losses.

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	Jun 2025	Jun 2023	Jun 2022	Jun 2021	Mar 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	-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%
HVG	49 Neutral	C$8.03M	-7.56	-93.08%	―	―	-230.94%
TRU	48 Neutral	C$9.87M	3.99	-46.43%	―	―	94.57%
WINS	46 Neutral	C$9.70M	-2.08	-107.25%	―	―	―
SMP	46 Neutral	C$4.09M	-4.05	-231.76%	―	―	-286.86%
GCN	42 Neutral	C$3.64M	-11.83	-89.21%	―	―	-64.52%
EDGM	42 Neutral	C$4.97M	-6.73	-13.58%	―	―	-50.00%

Winshear Gold Corporate Events

Winshear Gold Raises $2.5 Million to Advance Scottish Exploration

Winshear Gold Corp. has closed a non-brokered private placement, issuing 25,000,000 units for gross proceeds of $2.5 million, with each unit consisting of one common share and half a warrant exercisable at $0.20 until March 2029. The financing included finder fees in cash and non-transferable warrants, and all securities are subject to a hold period expiring in July 2026.

Proceeds from the placement will support exploration at the Portsoy Project in Scotland and general working capital, underscoring the company’s commitment to advancing its critical minerals portfolio. Participation by Winshear directors and officers in the offering qualifies as a related-party transaction under securities rules but is exempt from valuation and minority approval requirements, indicating internal confidence while maintaining regulatory compliance.

The most recent analyst rating on (TSE:WINS) stock is a Hold with a C$0.13 price target. To see the full list of analyst forecasts on Winshear Gold stock, see the TSE:WINS Stock Forecast page.

Winshear Gold Launches $2.5 Million Private Placement to Fund Scottish Drilling

Winshear Gold Corp. has launched a non-brokered private placement to raise $2.5 million through the issuance of 25 million units priced at $0.10 each, with each unit consisting of one common share and half a warrant exercisable at $0.20 over 36 months. The funds are earmarked primarily for a drilling program at its Portsoy nickel-copper-cobalt project in Scotland and for general working capital, a move that underlines the company’s focus on advancing its Scottish exploration asset while reinforcing its financial position, subject to TSX Venture Exchange approval and standard securities hold periods.

The most recent analyst rating on (TSE:WINS) stock is a Hold with a C$0.13 price target. To see the full list of analyst forecasts on Winshear Gold stock, see the TSE:WINS Stock Forecast page.