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: 0.64
Index: ASX300 | 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

$1.67

29 Jan
2026

0.050

OPEN

$1.65

3.09%

HIGH

$1.68

11,369,028

LOW

$1.61

TARGET
$2.00

+0.28 change from previous day

 19.8% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
ALK: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 5.5 22.7 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 86.3% 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 7.2 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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx5.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx262.4 M
Book Value Per Share xxxxxxxxxxxxxxx57.1
Net Operating Cash Flow xxxxxxxxxxxxxxx72.0 M
Net Profit Margin xxxxxxxxxxxxxxx12.59 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx10.09 %
Return on Invested Capital xxxxxxxxxxxxxxx9.26 %
Return on Assets xxxxxxxxxxxxxxx6.45 %
Return on Equity xxxxxxxxxxxxxxx10.09 %
Return on Total Capital xxxxxxxxxxxxxxx10.66 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx13.9 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx33 M
Long Term Debt xxxxxxxxxxxxxxx26 M
Total Debt xxxxxxxxxxxxxxx59 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx48 M
Price To Book Value xxxxxxxxxxxxxxx1.25

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx75.6 M
Capex % of Sales xxxxxxxxxxxxxxx28.81 %
Cost of Goods Sold xxxxxxxxxxxxxxx211 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx11 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx8 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

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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

29/01/2026

1

Upgrade to Buy from Accumulate

$2.05

22.75%

Ord Minnett upgrades Alkane Resources to Buy from Accumulate with a higher target price of $2.05 from $1.70. This follows a robust 2Q26 report which was largely pre-released but came in above expectations, with production up 9% and costs down -8%, a beat.

Post a recent site visit to Costerfield, the analyst has a higher degree of confidence around the asset base and upgraded expectations for Tomingley to 85koz-plus by FY28.

The broker anticipates the discount the stock trades on will narrow as more investors outside of a top-100 mandate seek higher-margin spot price exposure and reliable gold production.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of 25.70 cents.
Ord Minnett forecasts a full year FY27 dividend of 0.00 cents and EPS of 29.80 cents.
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

09/01/2026

1

Buy

$1.80

7.78%

Alkane Resources delivered a strong December quarter, in Moelis' opinion, with gold production and sales materially ahead of the broker's forecasts. A higher cash balance also reflects an improved performance at Tomingley and Costerfield, notes the analyst.

Guidance reiteration is encouraging, suggests the broker, especially given prior conservative assumptions following the Mandalay merger, pointing to emerging operational momentum.

The analyst considers the first full post-merger quarter to demonstrate a run-rate that positions Alkane among the leading small-cap producers, with valuation still discounting execution progress.

Separately, Moelis raises its gold price forecasts with minimal change in the near term, followed by more meaningful increases of 15-20% from 2027 and around 11% over the longer term. As a result, the target for Alkane Resources rises to $1.80 from $1.65.

The broker retains a Buy rating.

FORECAST
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 11.67 cents.
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 21.69 cents.
Access Extra Coverage Research History >

ALK STOCK CHART

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