ALKANE RESOURCES LIMITED (ALK)
Share Price Analysis and Chart

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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

$0.51

17 Dec
2024

0.005

OPEN

$0.51

0.99%

HIGH

$0.53

744,948

LOW

$0.51

TARGET
$0.90 76.5% 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 8.6 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 6.0 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 © 2024 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

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Bell Potter

15/10/2024

1

Buy

$1.25

145.10%

Alkane Resources announced gold production of 18.4koz which was broadly in line with Bell Potter's estimate for 1Q25.

The gold sale price was higher than anticipated and all-in-sustaining costs lower than forecast.

Cash on the balance sheet fell to $40.2m from $45.5m.

Due to a rise in gold price forecasts, Bell Potter increases earnings estimates by 12% in FY25 and 11% in FY26.

Buy rating unchanged. Target price lifts to $1.25 from $1.10 on higher gold price forecasts.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 8.10 cents.
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 12.20 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

Petra Capital

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

Moelis

17/10/2024

1

Buy

$0.75

47.06%

Alkane Resources reported better than expected 1Q25 results, Moelis notes, with gold production above estimates, lower all-in-sustaining costs and higher gold sales.

Management reiterated FY25 production guidance.

The broker highlights Roswell was the star where grades came in around 22% higher than expectations. There is still upside grade potential from Roswell.

The decline in the stock's share price compared to gold peers reflects the extended capital program at Tomingley, the broker surmises.

Target price lifts to 75c from 70c with an ongoing Buy rating.

FORECAST
Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of 4.10 cents.
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 7.50 cents.
Access Extra Coverage Research History >

ALK STOCK CHART

FNArena News on ALK

1
Australian Broker Call *Extra* Edition – Dec 10, 2024

Dec 10 2024 - Daily Market Reports
2
Material Matters: Gold, Silver & Lithium

Nov 27 2024 - Commodities
3
Australian Broker Call *Extra* Edition – Oct 17, 2024

Oct 17 2024 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Oct 03, 2024

Oct 03 2024 - Daily Market Reports
5
FNArena Corporate Results Monitor – 06-09-2024

Sep 06 2024 - Australia

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