ALKANE RESOURCES LIMITED (ALK)
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ALK

ALK - ALKANE RESOURCES LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.03
Index: ASX200 | ASX300 | ALL-ORDS

Alkane Resources is a dual ASX/TSX-listed gold and antimony producer with operating mines at Tomingley in NSW, Costerfield in Victoria and Björkdal in Sweden following its 2025 merger with Mandalay Resources.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.785

05 Nov
2026

0.205

OPEN

$1.70

12.97%

HIGH

$1.79

9,018,505

LOW

$1.68

TARGET
$2.383 33.5% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
ALK: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 17.7 18.8 xxx
DPS (cps) xxx 2.0 1.5 xxx
EPS Growth xxx 100.0% 6.0% xxx
DPS Growth xxx N/A - 25.0% xxx
PE Ratio xxx N/A 9.2 xxx
Dividend Yield xxx N/A 0.9% xxx
Div Pay Ratio(%) xxx 11.3% 8.0% xxx

Dividend yield today if purchased 3 years ago: 3.28%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.16

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

Last ex-div: 07/09 - (franking ex-div 2.00c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx17.7
DPS All xxxxxxxxxxxxxxx2.0
Sales/Revenue xxxxxxxxxxxxxxx935.8 M
Book Value Per Share xxxxxxxxxxxxxxx81.7
Net Operating Cash Flow xxxxxxxxxxxxxxx460.3 M
Net Profit Margin xxxxxxxxxxxxxxx24.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx31.30 %
Return on Invested Capital xxxxxxxxxxxxxxx30.65 %
Return on Assets xxxxxxxxxxxxxxx21.82 %
Return on Equity xxxxxxxxxxxxxxx31.30 %
Return on Total Capital xxxxxxxxxxxxxxx41.47 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx317.7 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx10 M
Long Term Debt xxxxxxxxxxxxxxx5 M
Total Debt xxxxxxxxxxxxxxx15 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx432 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 202120222023202420252026
Capex xxxxxxxxxxxxxxx173.7 M
Capex % of Sales xxxxxxxxxxxxxxx18.56 %
Cost of Goods Sold xxxxxxxxxxxxxxx602 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx15 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx15 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

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Bell Potter

26/10/2026

1

Buy

$2.20

23.25%

Bell Potter describes Alkane Resources' September quarter report as solid, with gold equivalent production of 40,740oz meeting guidance.

Costs (AISC) of -$2,805/oz were a 'beat' against FY27 guidance, with stronger Tomingley and Bjorkdal performances offsetting weakness at Costerfield, the analysts explain.

Cash and bullion remained steady at $440m despite growth investment and dividends, while a $50m buyback was approved.

The target rises to $2.20 from $2.15; Buy retained, supported by balance sheet strength, growth opportunities and an undemanding valuation, in Bell Potter's view.

FORECAST
Bell Potter forecasts a full year FY27 dividend of 3.00 cents and EPS of 20.20 cents.
Bell Potter forecasts a full year FY28 dividend of 6.00 cents and EPS of 35.00 cents.

UBS

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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

Moelis

26/10/2026

3

Hold

$1.80

0.84%

Moelis maintains a Hold rating for Alkane Resources with a $1.80 target price following a September quarter production report featuring 40.7koz of gold equivalent output and an AISC of $2,805 per ounce.

Production matched Moelis's estimates while all-in sustaining costs came in comfortably below expectations driven by strong operational performance at Tomingley and Bjoerkdal.

Costerfield experienced minor headwinds from lower head grades and challenging ground conditions, though management reiterated FY27 guidance of 163koz-177koz AuEq at an AISC of $2,900 to $3,200 per ounce.

The company closed the period with $440m in cash and bullion alongside robust operating cash flows.

The analyst highlights consistent operational delivery across assets, while noting current valuation levels price in operational reliability.
Access Extra Coverage Research History >

ALK STOCK CHART

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