ALKANE RESOURCES LIMITED (ALK)
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ALK - ALKANE RESOURCES LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.81
Index: ALL-ORDS

Alkane Resources is an Australian gold producer and explorer. It has two operations in NSW. The company was founded and listed in 1969.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.52

16 Jan
2025

0.035

OPEN

$0.50

7.22%

HIGH

$0.53

1,740,840

LOW

$0.50

TARGET
$0.90 73.1% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
ALK: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 2.9 9.1 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx - 58.7% 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 5.9 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 © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx2.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx173.0 M
Book Value Per Share xxxxxxxxxxxxxxx51.3
Net Operating Cash Flow xxxxxxxxxxxxxxx52.9 M
Net Profit Margin xxxxxxxxxxxxxxx10.22 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx5.80 %
Return on Invested Capital xxxxxxxxxxxxxxx5.45 %
Return on Assets xxxxxxxxxxxxxxx3.90 %
Return on Equity xxxxxxxxxxxxxxx5.80 %
Return on Total Capital xxxxxxxxxxxxxxx7.03 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-63.1 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx16 M
Long Term Debt xxxxxxxxxxxxxxx33 M
Total Debt xxxxxxxxxxxxxxx49 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx46 M
Price To Book Value xxxxxxxxxxxxxxx0.98

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx135.5 M
Capex % of Sales xxxxxxxxxxxxxxx78.33 %
Cost of Goods Sold xxxxxxxxxxxxxxx143 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx6 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx6 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

0.5

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

16/10/2024

3

Hold

$0.55

5.77%

Ord Minnett updates expectations for miners in the run up to the quarterly earnings season alongside revised commodity price targets.

The broker increases gold forecast by 18% in FY25 and 15% in FY26 with an unchanged copper price forecast. 

Ord Minnett observes mid-small cap gold companies remain attractively valued and have under-performed the gold price by -16% in 2024. This is expected to "unwind" with inflation easing and improving labour market conditions.

The broker lifts EPS forecasts for Alkane Resources by 24% in FY25 and 29% in FY26.

Hold rating remains with a higher target price of 55c from 50c.

FORECAST
Ord Minnett forecasts a full year FY25 EPS of 9.00 cents.
Ord Minnett forecasts a full year FY26 EPS of 11.00 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

1

xxx

$xx.xx

xx.xx%

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

Petra Capital

10/12/2024

1

Buy

$1.04

100.00%

Petra Capital notes the sale of Rio Tinto's 30% stake in the 5.4mt copper-equivalent Winu project in WA to Sumitomo Metal Mining for US$399m equates to a value of $1.4bn for Alkane Resources' Boda-Kaiser resource.

With the company's market cap at $315m, even accounting for a discount for the lower grade, the market is ascribing little to no value for the asset, the analyst observes.

Boda-Kaiser is lower grade than Winu by -38% but is 10% larger in terms of tonnes.

Petra Capital values Boda-Kaiser at around $150m for a stated resource of 14.7moz gold equivalent.

Buy rated with a $1.04 target price.

FORECAST
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of 5.80 cents.
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 11.90 cents.
Access Extra Coverage Research History >

ALK STOCK CHART

FNArena News on ALK

1
Australian Broker Call *Extra* Edition – Jan 16, 2025

Jan 16 2025 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Dec 10, 2024

Dec 10 2024 - Daily Market Reports
3
Material Matters: Gold, Silver & Lithium

Nov 27 2024 - Commodities
4
Australian Broker Call *Extra* Edition – Oct 17, 2024

Oct 17 2024 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Oct 03, 2024

Oct 03 2024 - Daily Market Reports

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