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: ASX200 | 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

$1.45

06 Jul
2026

0.010

OPEN

$1.45

0.69%

HIGH

$1.47

2,555,970

LOW

$1.43

TARGET
$2.117 46.0% 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 18.6 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 7.5 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

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

UBS

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

28/04/2026

1

Buy

$2.10

44.83%

Bell Potter highlights Alkane Resources beat forecasts and guidance with its 3Q26 trading update, viewed as a robust quarter with a second consecutive period of record production for the merged Alkane and Mandalay assets.

AISC came in 9% above forecast and guidance at $2,928/oz due to higher diesel and other cost inputs while the realised antimony price declined to $34,900/t from $41,500/t on the prior quarter.

Cash on hand and bullion stood at $362m up from $232m with operating cash flow nearly reaching a record high of $189m.

Target price is lifted to $2.10 from $1.95 with no change to Buy rating. EPS forecasts are tweaked lower by -5% for FY26 and -2% for FY27 due to higher AISC assumptions.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 17.40 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 25.40 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

19/05/2026

1

Buy

$2.30

58.62%

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.
Access Extra Coverage Research History >

ALK STOCK CHART

FNArena News on ALK

1
Rudi’s View: Best Buys & Conviction Calls In July

Jul 02 2026 - Rudi's View
2
Rudi’s View: Australia’s Sh*t Sandwich

Jun 04 2026 - Rudi's View
3
Australian Broker Call *Extra* Edition – May 19, 2026

May 19 2026 - Daily Market Reports
4
Rudi’s View: AI, The Great Market Divider

May 06 2026 - Rudi's View
5
Rudi’s View: Best Buys & Conviction Calls

Apr 23 2026 - Rudi's View

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