ALKANE RESOURCES LIMITED (ALK)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

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

$1.71

15 Oct
2026

-0.035

OPEN

$1.74

-2.01%

HIGH

$1.75

5,122,065

LOW

$1.70

TARGET
$2.233 30.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . AKA . AMI . ASL . AUC . AUE . AWJ . BC8 . BEZ . BGD . BGL . BM1 . BNZ . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . DPM . EMR . EVN . FFM . FFM . FG1 . FXG . GG8 . GGP . GHM . GMD . GPR . HRN . IGO . KCN . KGL . MAT . MEI . MEK . MM8 . MML . MPK . MRT . NEM . NMG . NST . NVA . OBM . ORE . PC2 . PDI . PNR . POL . PRU . RMS . RRL . RSG . RXL . SBM . SGC . SMI . SS1 . STM . STN . SVL . SX2 . TBR . TCG . TOR . TRE . TSO . TTM . USL . VAU . WAF . WGX . WIA . WMX . YRL .
FNARENA'S MARKET CONSENSUS FORECASTS
ALK: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 17.7 23.7 xxx
DPS (cps) xxx 2.0 2.0 xxx
EPS Growth xxx 100.0% 33.7% xxx
DPS Growth xxx N/A 0.0% xxx
PE Ratio xxx N/A 7.5 xxx
Dividend Yield xxx N/A 1.1% xxx
Div Pay Ratio(%) xxx 11.3% 8.5% xxx

Dividend yield today if purchased 3 years ago: 3.13%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.12

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.
Login above or Get a Free Trial

UBS

07/09/2026

1

Upgrade to Buy from Neutral

$2.35

37.43%

UBS has increased its long-term gold price to US$3,750/oz, up US$500/oz, which equates to around $5,350/oz in AUD terms, that is some 13% above the broker's prior assumptions. The WA industry has applied $4,500/oz for budgeting.

The new forecast sits some -20% below the current unchanged 2027 price forecast of US$4,800/oz, versus the spot around US$4,400/oz, and aligns with long-term consensus forecasts, the broker highlights.

UBS also forecasts a rise in AISC up 70% for FY27 for gold producers and up 110% over the last three years.

Alkane Resources is upgraded to Buy from Neutral with a higher target of $2.35, from $2.00.

Bell Potter

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
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

12/10/2026

1

Buy

$1.70

-0.58%

Moelis maintains a Buy rating for Alkane Resources with its target price decreased to $1.70 from $2.20 following the release of the June 2026 quarter production report.

The analyst views the flat FY27 production outlook and significantly higher capital expenditure guidance of -$343m as factors driving a diminished free cash flow profile.

Fourth-quarter operations delivered 42.5k gold equivalent ounces at an all-in sustaining cost of $3,011 per ounce, contributing to a $104m cash build over the period.

Management announced an intention to award an inaugural 2.0c dividend alongside the full-year financial results.

Moelis lowers its operating cash flow multiple to 5.0x from 6.0x to reflect the ex-growth transition while keeping a positive investment stance purely on valuation grounds.

FORECAST
Moelis forecasts a full year FY27 dividend of 2.00 cents and EPS of 17.70 cents.
Moelis forecasts a full year FY28 dividend of 2.00 cents and EPS of 26.00 cents.
Access Extra Coverage Research History >

ALK STOCK CHART

FNArena News on ALK

1
Australian Broker Call *Extra* Edition – Oct 12, 2026

Oct 12 2026 - Daily Market Reports
2
Rudi’s View: Bravura, Capricorn Metals, Downer EDI, PLS, Symal & More

Oct 08 2026 - Rudi's View
3
Rudi’s View: Ampol, BlueScope, Evolution, Infratil, Ramelius & More

Sep 24 2026 - Rudi's View
4
Rudi’s View: Australia’s Most Unloved Buy-Rated Stocks

Sep 23 2026 - Rudi's View
5
In Case You Missed It – BC Extra Upgrades & Downgrades – 18-09-26

Sep 18 2026 - Weekly Reports

Latest Gold & Silver News

1
AIC Mines’ Second Copper Hub Excites

Oct 06 2026 - Commodities
2
In Brief: Black Cat, Amplitude & Singular Health

Oct 02 2026 - Weekly Reports
3
Is Gold Setting Up For A Nice Bounce?

Oct 01 2026 - Commodities
4
Gold Fields & Northern Star; Is It On, Is It Off?

Sep 29 2026 - Australia
5
Northern Star Poised For Technical Break Out

Aug 04 2026 - Technicals
6
Strong Execution Underpins Newmont Confidence

Jul 28 2026 - Commodities
7
Investor Sentiment Yet To Turn For Pantoro Gold

Jul 16 2026 - Commodities
8
Capricorn Metals’ Wait Is (Almost) Over

Jul 07 2026 - Commodities
9
Resolute Mining Shares Ready To Rally

May 26 2026 - Technicals
10
The Greatland Resources Valuation Debate

Apr 30 2026 - Commodities