Winshear Gold (WINS) AI Stock Analysis

• Market Cap: C$9.00M
• Dividend Yield: N/A
• Average Volume (3M): 42.42K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.06
• 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$0.13 ▲(41.11% 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

Clean Balance Sheet (No Debt)

A zero‑debt capital structure materially lowers solvency risk for a junior explorer. This durable flexibility reduces fixed obligations, preserves runway for episodic exploration spending, and improves ability to structure JV or equity financings without near‑term interest burdens.

Focused Exploration Portfolio

Concentrated early‑stage focus in Peru gives a clear, repeatable business model: acquire prospective targets, advance with fieldwork and drill results, then create value via resource definition or transactions. That project‑advancement model is durable for generating optionality and partner interest.

Demonstrated Episodic Cash Generation

Prior large positive cash flow indicates the company can produce episodic cash or benefit from one‑off events (asset sales, funding milestones, or restructuring). That history suggests cash metrics can swing positive and supports feasibility of non‑dilutive or event‑driven funding paths.

Negative Factors

No Revenue and Persistent Losses

A sustained absence of revenue and recurring operating losses undermine the core viability of the business model. For an exploration company, lack of realized revenue forces continual external financing to fund work programs, increasing dilution risk and constraining project advancement over time.

Negative Operating and Free Cash Flow

Consistent negative operating and free cash flow indicates ongoing cash consumption to sustain operations and exploration. This creates dependence on capital markets or partners, increases financing uncertainty, and limits the company's ability to self‑fund drilling and permitting on a multi‑period horizon.

Erosion of Equity Base / Dilution Risk

A meaningful decline in shareholders' equity signals cumulative losses or dilution from financing. Over months, shrinking equity reduces financial flexibility, raises the probability of further dilutive raises to fund exploration, and weakens balance sheet resilience against adverse drilling or permitting outcomes.

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$7.42M	-7.56	-93.08%	―	―	-230.94%
TRU	48 Neutral	C$9.87M	3.99	-46.43%	―	―	94.57%
WINS	46 Neutral	C$9.00M	-2.08	-107.25%	―	―	―
SMP	46 Neutral	C$3.72M	-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 Rebrands as Winshear Metals to Reflect Broader Mineral Focus

Winshear Gold Corp. will change its name to Winshear Metals Corp. to signal an expanded focus on a broader range of minerals and metals beyond gold. The company’s shares will continue trading on the TSX Venture Exchange under the symbol WINS, with new ISIN and CUSIP codes taking effect when trading begins under the new name, and existing share certificates will remain valid without any action required from shareholders.

The rebranding aligns the company’s corporate identity with its growing multi-metal exploration activities in Canada and Scotland, potentially broadening its appeal to investors interested in both precious and battery metals. By maintaining continuity in its ticker while emphasizing a wider commodity focus, Winshear is positioning itself to better reflect its evolving asset base and strategic direction in the mineral exploration sector.

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 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.