AIC MINES LIMITED (A1M)
Share Price Analysis and Chart

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A1M

A1M - AIC MINES LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.74
Index: ALL-ORDS

0

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.895

24 Sep
2026

-0.025

OPEN

$0.90

-2.72%

HIGH

$0.91

3,373,724

LOW

$0.86

TARGET
$1.025

+0.05 change from previous day

 14.5% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
A1M: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 5.3 7.0 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 100.0% 31.9% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 12.9 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

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
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 202020222023202420252026
EPS Basic xxxxxxxxxxxxxxx5.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx245.2 M
Book Value Per Share xxxxxxxxxxxxxxx43.2
Net Operating Cash Flow xxxxxxxxxxxxxxx99.7 M
Net Profit Margin xxxxxxxxxxxxxxx16.92 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx13.29 %
Return on Invested Capital xxxxxxxxxxxxxxx11.64 %
Return on Assets xxxxxxxxxxxxxxx9.45 %
Return on Equity xxxxxxxxxxxxxxx13.29 %
Return on Total Capital xxxxxxxxxxxxxxx16.48 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-80.4 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 202020222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx21 M
Long Term Debt xxxxxxxxxxxxxxx59 M
Total Debt xxxxxxxxxxxxxxx80 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx42 M
Price To Book Value xxxxxxxxxxxxxxx1.68

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020222023202420252026
Capex xxxxxxxxxxxxxxx180.1 M
Capex % of Sales xxxxxxxxxxxxxxx73.46 %
Cost of Goods Sold xxxxxxxxxxxxxxx171 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx12 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

27/08/2026

2

Downgrade to Accumulate from Speculative Buy

$0.90

0.56%

AIC Mines' FY26 underlying EBITDA rose 87% y/y and was in line with Ord Minnett's expectations, while underlying NPAT of around $46.1m missed by -13% due to higher depreciation and net interest costs.

The broker continues to view AIC as an attractive leveraged copper exposure, with production forecast to double by FY29 and further upside from exploration and higher copper prices.

Following a 168% share price rise over the past 12 months, however, valuation has become less attractive and execution risk is increasing as the company enters its next phase of growth under new management.

Ord Minnett leaves its earnings outlook and target price unchanged but downgrades to Accumulate from Speculative Buy, with only around 2% total shareholder return to its fair value estimate.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 0.00 cents and EPS of 9.20 cents.
Ord Minnett forecasts a full year FY28 dividend of 0.00 cents and EPS of 13.90 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Moelis

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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

Shaw and Partners

22/07/2026

1

Buy

$1.10

22.91%

Shaw and Partners maintains a Buy rating for AIC Mines with a $1.10 target price following the release of three-year operational targets for the combined Eloise-Jericho asset.

Management confirmed an acceleration of the Stage 2 Eloise processing plant expansion to 1.5mtpa by two years to the December quarter of 2028, with the modest $15m capital expenditure funded via internal cash flow.

Production guidance for FY27 and FY28 aligns with existing expectations, while FY29 projections sit materially ahead as Jericho becomes the majority tonnage source.

The analyst notes an expanded prepayment facility with Trafigura provides an additional US$20m undrawn buffer during mill commissioning.

Forecasts and valuation metrics remain in place ahead of full FY26 financial results, with self-funded volume expansion underpinning the long-term thesis.

FORECAST
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 14.30 cents.
Access Extra Coverage Research History >

A1M STOCK CHART

FNArena News on A1M

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 25-09-26

10:30 AM - Weekly Reports
2
Australian Broker Call *Extra* Edition – Sep 24, 2026

Sep 24 2026 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 28-08-26

Aug 31 2026 - Weekly Reports
4
FNArena Corporate Results Monitor – 27-08-2026

Aug 27 2026 - Australia
5
Australian Broker Call *Extra* Edition – Aug 27, 2026

Aug 27 2026 - Daily Market Reports

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