BELLEVUE GOLD LIMITED (BGL)
Share Price Analysis and Chart

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BGL - BELLEVUE GOLD LIMITED

FNArena Sector : Gold & Silver

Year End: June

GICS Industry Group : Materials

Debt/EBITDA: 2.73

Index: ASX200 | ASX300 | ALL-ORDS

Bellevue Gold is an Australian gold producer. It is currently advancing the historic Bellevue gold mine in Western Australia, finding several new high grade lodes. The company listed on the ASX in 2005.

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$0.90 28 Apr 2025	0.000 OPEN $0.90	0.000 HIGH $0.90	0 LOW $0.90

TARGET

$1.325

47.2% upside

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FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY23 Actual	FY24 Actual	FY25 Forecast	FY26 Forecast
EPS (cps)	xxx	6.5	4.5	xxx
DPS (cps)	xxx	0.0	0.0	xxx
EPS Growth	xxx	N/A	- 31.5%	xxx
DPS Growth	xxx	N/A	N/A	xxx
PE Ratio	xxx	N/A	20.1	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

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: 27/08 - (franking Ex-Di

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2025 FactSet UK Limited. All rights reserved

Title	2019	2020	2021	2022	2023	2024
EPS Basic	xxx	xxx	xxx	xxx	xxx	6.5
DPS All	xxx	xxx	xxx	xxx	xxx	0.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	298.4 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	47.6
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	114.0 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	25.27 %

EPS Basic

Negative
Growth
Slowing

DPS All

Negative
Growth
Slowing

Sales/Revenue

Negative
Growth
Slowing

Book Value Per Share

Negative
Growth
Slowing

Net Operating Cash Flow

Negative
Growth
Slowing

Net Profit Margin

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	15.28 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	11.08 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	9.17 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	15.28 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	11.42 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	-95.6 M

Return on Capital Employed

Negative
Growth
Slowing

Return on Invested Capital

Negative
Growth
Slowing

Return on Assets

Negative
Growth
Slowing

Return on Equity

Negative
Growth
Slowing

Return on Total Capital

Negative
Growth
Slowing

Free Cash Flow ex dividends

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	58 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	250 M
Total Debt	xxx	xxx	xxx	xxx	xxx	308 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	-
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	49 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	3.75

Short-Term Debt

Negative
Growth
Slowing

Long Term Debt

Negative
Growth
Slowing

Total Debt

Negative
Growth
Slowing

Goodwill - Gross

Cash & Equivalents - Generic

Negative
Growth
Slowing

Price To Book Value

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Capex	xxx	xxx	xxx	xxx	xxx	210.6 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	70.57 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	200 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	17 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	0 M

Capex

Negative
Growth
Slowing

Capex % of Sales

Negative
Growth
Slowing

Cost of Goods Sold

Negative
Growth
Slowing

Selling, General & Admin. Exp & Other

Negative
Growth
Slowing

Research & Development

Investments - Total

Negative
Growth
Slowing

Negative

Growth

Slowing

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Bell Potter	xx/xx/xxxx	1	xxxxxxx xx xxx xxxx xxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Macquarie	xx/xx/xxxx	1	xxxxxxxxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Ord Minnett	03/04/2025	3	Hold	$1.35	50.00%	Ord Minnett has broadly reduced its commodity price forecasts, with the exception of gold and neodymium-praseodymium. The broker cites growing concerns over weakening Chinese steel demand and the potential global trade and economic impacts stemming from proposed US tariffs. The broker's 2025 iron ore price forecast falls by -3%, while metallurgical coal and thermal coal price estimates fall by -18% and -17%, respectively. On a sector level, Ord Minnett prefers base metal producers over the bulk miners, noting limited appeal among the lithium and coal producers. Rio Tinto is preferred over over BHP Group among the large diversified miners, while South32, Capstone Copper, and MAC Copper are the analyst's top picks for base metals exposure. The broker keeps its $1.35 target and Hold rating for Bellevue Gold. Among the large gold exposures, the analysts like Buy-rated Newmont Corp.
UBS	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

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EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

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
Goldman Sachs	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
Jarden	xx/xx/xxxx	4	xxxxxxxxxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Moelis	15/04/2025	3	Hold	$0.85	-5.56%	A litany of bad news from Bellevue Gold and Moelis now understands why the stock was suspended since March 27. The downgrade to March quarter production plus cuts to FY25 and also FY26 production guidance suggests weaker production threatened key covenants with both debt and hedging agreements, requiring capital injection. The company announced share placement of $156.5m, with $40m of that added to the balance sheet and remaining for closing the next nine months of hedging. The broker made significant changes to the financial model which resulted in a materially lower value of the Bellevue mine and share price. Target price cut to 85c. Hold retained. FORECAST Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of 6.48 cents. Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 2.72 cents.
Canaccord Genuity	xx/xx/xxxx	-1	xx xxxxxx		xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial

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BGL STOCK CHART

FNArena News on BGL

1	Australian Broker Call Extra Edition – Apr 22, 2025 Apr 23 2025 - Daily Market Reports

2	Weekly Ratings, Targets, Forecast Changes – 18-04-25 Apr 22 2025 - Weekly Reports

3	Next Week At A Glance – 22-24 Apr 2025 Apr 17 2025 - Weekly Reports

4	Australian Broker Call Extra Edition – Apr 15, 2025 Apr 16 2025 - Daily Market Reports

5	Australian Broker Call Extra Edition – Apr 14, 2025 Apr 14 2025 - Daily Market Reports

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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

	Yield	Yield on investment
This Year
Year 1
Year 2
Year 3
Year 4
Year

1	Australian Broker Call Extra Edition – Apr 22, 2025 Apr 23 2025 - Daily Market Reports

2	Weekly Ratings, Targets, Forecast Changes – 18-04-25 Apr 22 2025 - Weekly Reports

3	Next Week At A Glance – 22-24 Apr 2025 Apr 17 2025 - Weekly Reports

4	Australian Broker Call Extra Edition – Apr 15, 2025 Apr 16 2025 - Daily Market Reports

5	Australian Broker Call Extra Edition – Apr 14, 2025 Apr 14 2025 - Daily Market Reports

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BELLEVUE GOLD LIMITED (BGL)
Share Price Analysis and Chart