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

$1.10

16 Jan
2025

0.020

OPEN

$1.10

1.85%

HIGH

$1.11

6,924,063

LOW

$1.08

TARGET
$1.588

-0.05 change from previous day

 44.3% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
BGL: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 6.5 8.5 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A 29.9% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 13.2 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

Last ex-div: 27/08 - (franking Ex-Di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx6.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx298.4 M
Book Value Per Share xxxxxxxxxxxxxxx47.6
Net Operating Cash Flow xxxxxxxxxxxxxxx114.0 M
Net Profit Margin xxxxxxxxxxxxxxx25.27 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx15.28 %
Return on Invested Capital xxxxxxxxxxxxxxx11.08 %
Return on Assets xxxxxxxxxxxxxxx9.17 %
Return on Equity xxxxxxxxxxxxxxx15.28 %
Return on Total Capital xxxxxxxxxxxxxxx11.42 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-95.6 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 xxxxxxxxxxxxxxx58 M
Long Term Debt xxxxxxxxxxxxxxx250 M
Total Debt xxxxxxxxxxxxxxx308 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx49 M
Price To Book Value xxxxxxxxxxxxxxx3.75

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx210.6 M
Capex % of Sales xxxxxxxxxxxxxxx70.57 %
Cost of Goods Sold xxxxxxxxxxxxxxx200 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx17 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

0.8

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

14/01/2025

1

Buy

$1.55

40.91%

Bellevue Gold reported December quarter gold sales of 26.2koz, below UBS's expectations of 38.5koz, due to weaker production from low head grades, the analyst explains.

Management has downgraded FY25 guidance to 150-165koz, resulting in a -60% decline in the broker's FY25 earnings forecast.

The target price is reduced to $1.55 from $1.70. The Buy rating is retained as the share price has already reacted to the update, and UBS remains positive on FY26, with expected production of over 200koz per annum.

FORECAST
UBS forecasts a full year FY25 dividend of 0.00 cents and EPS of 3.00 cents.
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of 21.00 cents.

Bell Potter

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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%

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Moelis

10/12/2024

3

Initiation of coverage with Hold

$1.40

27.27%

Moelis initiates coverage on Bellevue Gold with a Hold rating and a target price of $1.40, highlighting recent commissioning of its namesake gold project in Western Australia.

The project benefits from a two-stage processing expansion plan, explains the analyst, expected to increase capacity to 1.6mtpa by FY26, and exploration potential remains with -$60m earmarked for drilling in FY25-26.

The broker forecasts annual output of 165-180koz at costs (AISC) of $1,750-1,850/oz for FY25.

Moelis views Bellevue as a likely consolidation target due to its single-asset status and sees risks tied to sustaining exploration investment and executing the expansion plan. 

Moelis sets a 12-month target price of $1.40, maintaining a Hold rating.

FORECAST
Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of 11.50 cents.
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 14.20 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

BGL STOCK CHART

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