ADVANCED ENERGY MINERALS LIMITED (AEM)
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AEM

AEM - ADVANCED ENERGY MINERALS LIMITED

FNArena Sector : Aluminium, Bauxite & Alumina
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: N/A
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.45

03 Mar
2026

-0.005

OPEN

$0.46

-1.10%

HIGH

$0.47

63,364

LOW

$0.45

TARGET
$0.90 100.0% upside
OTHER COMPANIES IN THE SAME SECTOR
A4N . AAI . CAA . CAY . LIN . RIO .
FNARENA'S MARKET CONSENSUS FORECASTS
AEM: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx N/A - 1.2 xxx
DPS (cps) xxx N/A 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

Estimated Dividend Growth
(Average Of Past Three Years)

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202320242025
EPS Basic xxxxxx-4.9
DPS All xxxxxx0.0
Sales/Revenue xxxxxx0.6 M
Book Value Per Share xxxxxx32.0
Net Operating Cash Flow xxxxxx-20.1 M
Net Profit Margin xxxxxx-4,605.82 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202320242025
Return on Capital Employed xxxxxx-19.60 %
Return on Invested Capital xxxxxx-18.50 %
Return on Assets xxxxxx-14.72 %
Return on Equity xxxxxx-19.60 %
Return on Total Capital xxxxxx-14.62 %
Free Cash Flow ex dividends xxxxxx-30.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202320242025
Short-Term Debt xxxxxx2 M
Long Term Debt xxxxxx11 M
Total Debt xxxxxx13 M
Goodwill - Gross xxxxxx-
Cash & Equivalents - Generic xxxxxx40 M
Price To Book Value xxxxxx1.76

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202320242025
Capex xxxxxx11.4 M
Capex % of Sales xxxxxx1,837.48 %
Cost of Goods Sold xxxxxx20 M
Selling, General & Admin. Exp & Other xxxxxx6 M
Research & Development xxxxxx-
Investments - Total xxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

21/01/2026

1

Initiation of coverage with Speculative Buy

$0.90

100.00%

Ord Minnett initiates coverage of Advanced Energy Minerals with a Speculative Buy rating and 90c target, which was listed last December.

The company operates a high-purity alumina (HPA) plant in Quebec with installed capacity of 2ktpa and plans to add 1ktpa in the middle of 2026, which should help lower unit costs.

In 2026 it should be the fourth largest HPA producer globally, outside of China, with the ability to generate forecast cash flow around $85m from 2028 onwards, the analyst explains. Management is also conducting a definitive feasibility study for expansion to double production.

At 6mtpa estimated free cash flow could double to around $170m from 2032 onwards.

The broker acted as joint lead in the IPO last December.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -1.20 cents.
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.00 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

12/02/2026

1

Initiation of coverage with Speculative Buy

$1.15

155.56%

Canaccord Genuity initiates coverage of Advanced Energy Minerals at Speculative Buy with a $1.15 target.

The broker sees the company as a near-term beneficiary of rising demand for high purity alumina used in semiconductors and lithium-ion batteries.

Stage 1 at the Cap-Chat project is expected to ramp to 3,000tpa, with longer-term expansion to 6,000tpa positioning the company as a meaningful ex-China supplier.

Canaccord highlights the low-carbon process and modular expansion pathway as key differentiators in securing customer offtake.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -4.20 cents.
Canaccord Genuity forecasts a full year FY26 EPS of 4.10 cents.
Access Extra Coverage Research History >

AEM STOCK CHART

FNArena News on AEM

1
Australian Broker Call *Extra* Edition – Feb 12, 2026

Feb 12 2026 - Daily Market Reports
2
ESG Focus: The Clean Hydrogen Prospect (Part 1)

Dec 08 2022 - ESG Focus

Latest Aluminium, Bauxite & Alumina News

1
Is Aluminium Pivoting Towards A Structural Bull Market?

Sep 14 2021 - Commodities
2
Weekly Ratings, Targets, Forecast Changes – 17-07-20

Jul 20 2020 - Weekly Reports
3
Treasure Chest: Can Alumina Maintain Dividends?

Jul 11 2019 - Treasure Chest
4
Alumina Strikes Record Earnings, Dividend

Feb 25 2019 - Australia
5
Treasure Chest: More Upside For Alumina?

Apr 19 2018 - Treasure Chest
6
Weekly Ratings, Targets, Forecast Changes

Dec 12 2016 - Weekly Reports
7
Material Matters: US Energy, Coal, Chrome, Steel And Oz Miners

Nov 17 2016 - Commodities
8
Alumina Ltd Cuts A Better Deal From JV

Sep 05 2016 - Australia
9
Alumina Ltd Basks In Higher Margins

Jul 13 2016 - Australia
10
Next Week At A Glance

Jul 08 2016 - Weekly Reports