METEORIC RESOURCES NL (MEI)
Share Price Analysis and Chart

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MEI - METEORIC RESOURCES NL

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.01
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.087

17 Dec
2024

0.006

OPEN

$0.08

7.41%

HIGH

$0.09

4,725,911

LOW

$0.08

TARGET
$0.32 267.8% upside
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . ADT . ALK . AMI . ASL . BC8 . BEZ . BGL . BTR . CAI . CEL . CMM . CNB . CVV . CYL . DEG . EMR . EVN . EVR . FFM . FFM . FND . GMD . GOR . GPR . HGO . IGO . KCN . KGL . MAU . MEK . MML . NEM . NST . NVA . OBM . PDI . PNR . PRU . RMS . RRL . RSG . RXL . SBM . SMI . SPR . SSR . STM . STN . SVL . TBR . TCG . TRE . TTM . VAU . WAF . WGX .
FNARENA'S MARKET CONSENSUS FORECASTS
MEI: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 2.4 - 0.8 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A 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 xxxxxxxxxxxxxxx-2.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx0.4
Net Operating Cash Flow xxxxxxxxxxxxxxx-33.9 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-374.25 %
Return on Invested Capital xxxxxxxxxxxxxxx-344.80 %
Return on Assets xxxxxxxxxxxxxxx-261.98 %
Return on Equity xxxxxxxxxxxxxxx-374.25 %
Return on Total Capital xxxxxxxxxxxxxxx-340.72 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-35.1 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 xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx1 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx14 M
Price To Book Value xxxxxxxxxxxxxxx37.08

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1.2 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx45 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

1.0

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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

09/07/2024

1

Outperform

$0.36

313.79%

Meteoric Resources detailed the scoping study for the Caldeira project which highlights an open pit operation scenario with 5mtpa throughput and a 20-year mine life.

Macquarie notes higher recovery rates and lower operating expenses are a positive, but the capital investment required is higher than expected at -US$403m.

The pre-feasibility study is due to be completed by the end of 2024, and the broker's calculations reveal Caldeira's valuation is more sensitive to NdPr prices than the capital investment cost.

Macquarie adjusts earnings forecasts by 36% for FY25 and lowers the target price by -22% to 36c. Outperform rating unchanged.

FORECAST
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -0.30 cents.

Bell Potter

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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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

Canaccord Genuity

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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Petra Capital

17/07/2024

1

Buy

$0.39

348.28%

Petra Capital updates forecasts for the latest mark-to-market commodity assumptions.

The new price forecasts are Gold US$2386oz; Copper US$4.45lb; Lead US0.99c/lb; Zinc US$1.34lb; Nickel US$7.79/lb; Brent crude US$86.90bbl; Uranium US$85lb; Spodumene US$1040t; NdPr US$50kg; Graphite US$470t; Thermal Coal US$132t; Coking Coal US$256t; Iron Ore US$110t; Bauxite US$55t. Currency AUD/USD 0.675.

Target price revised to 39c from 38c. Buy rating.

FORECAST
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.00 cents.
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.10 cents.
Access Extra Coverage Research History >

MEI STOCK CHART

FNArena News on MEI

1
Material Matters: Iron Ore; Gold, Critical Minerals & LNG

Dec 05 2024 - Commodities
2
Australian Broker Call *Extra* Edition – Oct 30, 2024

Oct 30 2024 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Oct 28, 2024

Oct 28 2024 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Sep 02, 2024

Sep 02 2024 - Daily Market Reports
5
Next Week At A Glance – 29 Jul-2 Aug 2024

Jul 26 2024 - Weekly Reports

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