ALKANE RESOURCES LIMITED (ALK)
Share Price Analysis and Chart

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

22/07/2026

1

Buy

$1.85

39.10%

Following a pre-released Q4 operational report by management at Alkane Resources, Ord Minnett lowers its target to $1.85 from $1.90 after FY27 growth capital guidance exceeded expectations.

Production and cost guidance were broadly in line with the broker's forecasts, while stronger-than-expected free cash flow of $104m supported a proposed 2c dividend.

Growth capital expenditure came in -7% above/worse than Ord Minnett's forecast, reflecting investment in recently acquired assets, including Costerfield and Bjorkdal, to support future growth.

Whilst the increased investment modestly reduces valuation, the broker expects earnings to remain largely unchanged and continues to see around 40% potential total shareholder return (TSR).

Buy rating maintained.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of 19.70 cents.
Ord Minnett forecasts a full year FY27 dividend of 0.00 cents and EPS of 24.40 cents.

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

19/05/2026

1

Buy

$2.30

72.93%

Moelis Australia retains a Buy rating on Alkane Resources and an unchanged target price of $2.30 following the release of the March quarter earnings report.

Commentary states the integration of Mandalay's assets has led to the emergence of a high margin, cash-generating mid-tier producer.

FY26 net profit after tax estimates have increased modestly on lower depreciation and amortisation, while FY26-FY28 projections are effectively unchanged.

Operationally, the assets are executing on internal production and cost targets while enjoying a macro tailwind, the broker suggests, adding the market is likely underappreciating the scale of the company's transformation.