MEEKA METALS LIMITED (MEK)
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MEK

MEK - MEEKA METALS LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.17
Index: ALL-ORDS

Meeka Metals is a Western Australian gold company developing and operating the Murchison Gold Project.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.087

09 Oct
2026

0.001

OPEN

$0.09

1.16%

HIGH

$0.09

23,136,278

LOW

$0.09

TARGET
$0.17 95.4% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
MEK: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 1.8 1.1 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A - 37.1% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 7.9 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 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx1.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx160.8 M
Book Value Per Share xxxxxxxxxxxxxxx7.1
Net Operating Cash Flow xxxxxxxxxxxxxxx89.8 M
Net Profit Margin xxxxxxxxxxxxxxx31.92 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx28.38 %
Return on Invested Capital xxxxxxxxxxxxxxx27.09 %
Return on Assets xxxxxxxxxxxxxxx22.29 %
Return on Equity xxxxxxxxxxxxxxx28.38 %
Return on Total Capital xxxxxxxxxxxxxxx34.05 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-17.2 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxxxxx16 M
Total Debt xxxxxxxxxxxxxxx19 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx38 M
Price To Book Value xxxxxxxxxxxxxxx1.33

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx107.0 M
Capex % of Sales xxxxxxxxxxxxxxx66.57 %
Cost of Goods Sold xxxxxxxxxxxxxxx87 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx8 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

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

02/10/2026

1

Buy

$0.17

95.40%

Morgans downgrades Meeka Metals' target price to 17c from 31c post the completion of a two-tranche $42.4m institutional placement to fund the second Mt Holland cash payment, the Turnberry underground development, as well as exploration and capex.

Management also offered a provisional estimate of Sept quarter gold recovery of 7.0koz–7.5koz which missed the analyst's forecast of 9.8koz by around -23% to -29%.

Cash outflows were also higher than expected. Cash at the end of the 1Q27 was flagged at around $50m or circa $59m including Tranche Two raising.

A Buy rating is retained. The broker points to the transition to a two-mine underground operation with first ore expected from Turnberry in January 2027.

FORECAST
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.10 cents.
Morgans forecasts a full year FY28 dividend of 0.00 cents and EPS of 3.50 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

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
Access Extra Coverage Research History >

MEK STOCK CHART

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