FIREFLY METALS LIMITED (FFM)
Share Price Analysis and Chart

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FFM - FIREFLY METALS LIMITED

FNArena Sector : Gold & Silver

Year End: June

GICS Industry Group : Materials

Debt/EBITDA: -0.09

Index: ALL-ORDS

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$0.965 31 Mar 2025	-0.065 OPEN $1.07	-6.31% HIGH $1.02	3,098,457 LOW $0.94

TARGET

$1.70

76.2% upside

Franking for last dividend paid out: 0%

OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . ADT . ALK . AMI . ASL . AUE . BC8 . BEZ . BGL . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . DEG . EMR . EVN . EVR . FND . GMD . GOR . GPR . HGO . IGO . KCN . KGL . MAU . MEI . MEK . MM8 . MML . NEM . NST . NVA . OBM . PDI . PNR . PRU . RMS . RRL . RSG . RXL . SBM . SMI . SPR . SSR . STM . STN . SVL . TBR . TCG . TRE . TTM . VAU . WAF . WGX . WIA .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY23 Actual	FY24 Actual	FY25 Forecast	FY26 Forecast
EPS (cps)	xxx	- 6.9	- 3.8	xxx
DPS (cps)	xxx	0.0	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: 0.00%

DIVIDEND YIELD CALCULATOR

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 © 2025 FactSet UK Limited. All rights reserved

Title	2019	2020	2021	2022	2023	2024
EPS Basic	xxx	xxx	xxx	xxx	xxx	-6.9
DPS All	xxx	xxx	xxx	xxx	xxx	0.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	0.0 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	38.3
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	-13.8 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	-

EPS Basic

Negative
Growth
Slowing

DPS All

Negative
Growth
Slowing

Sales/Revenue

Negative
Growth
Slowing

Book Value Per Share

Negative
Growth
Slowing

Net Operating Cash Flow

Negative
Growth
Slowing

Net Profit Margin

Title	2019	2020	2021	2022	2023	2024
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	-18.43 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	-18.21 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	-13.23 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	-18.43 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	-16.87 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	-14.0 M

Return on Capital Employed

Negative
Growth
Slowing

Return on Invested Capital

Negative
Growth
Slowing

Return on Assets

Negative
Growth
Slowing

Return on Equity

Negative
Growth
Slowing

Return on Total Capital

Negative
Growth
Slowing

Free Cash Flow ex dividends

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	1 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	1 M
Total Debt	xxx	xxx	xxx	xxx	xxx	2 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	-
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	41 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	1.95

Short-Term Debt

Negative
Growth
Slowing

Long Term Debt

Negative
Growth
Slowing

Total Debt

Negative
Growth
Slowing

Goodwill - Gross

Cash & Equivalents - Generic

Negative
Growth
Slowing

Price To Book Value

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Capex	xxx	xxx	xxx	xxx	xxx	24.3 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	-
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	3 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	22 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	5 M

Capex

Negative
Growth
Slowing

Capex % of Sales

Cost of Goods Sold

Negative
Growth
Slowing

Selling, General & Admin. Exp & Other

Negative
Growth
Slowing

Research & Development

Investments - Total

Negative
Growth
Slowing

Negative

Growth

Slowing

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Shaw and Partners	xx/xx/xxxx	1	xxx, xxxx xxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Macquarie	26/02/2025	1	Initiation of coverage with Outperform	$1.50	55.44%	Macquarie initiates coverage on FireFly Metals with an Outperform rating given strong resource growth and brownfields restart optionality. A $1.50 target is set. The company's Green Bay project has expanded by 39% year-on-year to 58.9mt at 1.7% copper, highlights the analyst, with a preliminary economic assessment (PEA) expected in the third quarter of 2025. Management plans to expand its processing capacity from to 2mtpa from 0.45mtpa, targeting annual copper production of 32kt over a 15-year mine life. FireFly is also reviewing the divestment of its -70% interest in the Pickle Crow gold project, which Macquarie values at $153m. FORECAST Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -1.80 cents. Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.10 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Shaw and Partners

xx/xx/xxxx

xxx, xxxx xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

26/02/2025

Initiation of coverage with Outperform

$1.50

55.44%

Macquarie initiates coverage on FireFly Metals with an Outperform rating given strong resource growth and brownfields restart optionality. A $1.50 target is set.

The company's Green Bay project has expanded by 39% year-on-year to 58.9mt at 1.7% copper, highlights the analyst, with a preliminary economic assessment (PEA) expected in the third quarter of 2025.

Management plans to expand its processing capacity from to 2mtpa from 0.45mtpa, targeting annual copper production of 32kt over a 15-year mine life.

FireFly is also reviewing the divestment of its -70% interest in the Pickle Crow gold project, which Macquarie values at $153m.

FORECAST
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -1.80 cents.
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.10 cents.

Access Stockbroker Research History >

EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

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	xx/xx/xxxx	1	xxxxxxxxxxx xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Moelis	17/02/2025	1	Buy	$1.50	55.44%	Firefly Metals' 1H25 EBITDA and net profit beat Moelis' forecast but the variance was due to capitalisation of all exploration (the broker estimated 50% to be expensed). The company's cash balance remains healthy and the broker expects the business to be sufficiently funded to continue exploration efforts and simultaneously progress the first round of economic studies. No change to the $1.5 target price and Buy rating, with the broker looking forward to the updated resource this year. FORECAST Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -2.80 cents. Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -5.00 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Canaccord Genuity

xx/xx/xxxx

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Moelis

17/02/2025

Buy

$1.50

55.44%

Firefly Metals' 1H25 EBITDA and net profit beat Moelis' forecast but the variance was due to capitalisation of all exploration (the broker estimated 50% to be expensed).

The company's cash balance remains healthy and the broker expects the business to be sufficiently funded to continue exploration efforts and simultaneously progress the first round of economic studies.

No change to the $1.5 target price and Buy rating, with the broker looking forward to the updated resource this year.

FORECAST
Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -2.80 cents.
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -5.00 cents.

Access Extra Coverage Research History >

FFM STOCK CHART

FNArena News on FFM

1	Australian Broker Call Extra Edition – Mar 27, 2025 Mar 27 2025 - Daily Market Reports

2	Australian Broker Call Extra Edition – Feb 18, 2025 Feb 18 2025 - Daily Market Reports

3	Australian Broker Call Extra Edition – Feb 17, 2025 Feb 17 2025 - Daily Market Reports

4	Australian Broker Call Extra Edition – Feb 05, 2025 Feb 05 2025 - Daily Market Reports

5	Rudi’s View: Best Buys & Convictions For 2025 Jan 16 2025 - Rudi's View

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Dividend Yield Today On Last Actual Payout :	0.00
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
Tell Me The Dividend After This Many Years

	Yield	Yield on investment
This Year
Year 1
Year 2
Year 3
Year 4
Year

1	Australian Broker Call Extra Edition – Mar 27, 2025 Mar 27 2025 - Daily Market Reports

2	Australian Broker Call Extra Edition – Feb 18, 2025 Feb 18 2025 - Daily Market Reports

3	Australian Broker Call Extra Edition – Feb 17, 2025 Feb 17 2025 - Daily Market Reports

4	Australian Broker Call Extra Edition – Feb 05, 2025 Feb 05 2025 - Daily Market Reports

5	Rudi’s View: Best Buys & Convictions For 2025 Jan 16 2025 - Rudi's View

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FIREFLY METALS LIMITED (FFM)
Share Price Analysis and Chart