MEEKA METALS LIMITED (MEK)
Share Price Analysis and Chart

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MEK - MEEKA METALS LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -1.27
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.075

17 Dec
2024

0.002

OPEN

$0.07

2.74%

HIGH

$0.08

8,494,674

LOW

$0.07

TARGET
$0.23

+0.04 change from previous day

 206.7% 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 . MEI . 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
MEK: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 0.3 0.0 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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-0.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx2.3
Net Operating Cash Flow xxxxxxxxxxxxxxx-1.5 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-11.03 %
Return on Invested Capital xxxxxxxxxxxxxxx-11.00 %
Return on Assets xxxxxxxxxxxxxxx-8.96 %
Return on Equity xxxxxxxxxxxxxxx-11.03 %
Return on Total Capital xxxxxxxxxxxxxxx-6.54 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-3.6 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 xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx2 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx3 M
Price To Book Value xxxxxxxxxxxxxxx1.48

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx5.5 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2 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

18/12/2024

1

Speculative Buy

$0.23

206.67%

Meeka Metals announced an updated mineral resource estimate for the Murchison Gold Project, increasing total resources to 1.4Moz.

The updated resource includes shallow, high-grade zones, which support the near-term potential for low-cost open-pit operations, Morgans notes.

Exploration drilling at Turnberry and nearby deposits continues to provide resource expansion opportunities, while recent metallurgical test work has confirmed strong gold recoveries exceeding 95%.

The broker observes development studies are advancing, with a definitive feasibility study expected in mid-2025.

Morgans reiterates the Speculative Buy rating and raises the target price to 23c from 18c.

FORECAST
Morgans forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.00 cents.
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of 2.00 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

18/12/2024

1

Buy

$0.14

86.67%

Petra Capital notes an expanded definitive feasibility study (DFS) at Meeka Metals' Murchison Gold Project, located in Western showed a 40% increase in potential gold output from the mine in years 1-7 and an increase in peak year production to 75koz from 55koz.

Key timelines are unchanged with plant commissioning targeted for mid-2025 and first gold in Q3 of 2025. However, factoring in higher operating and capital expenditure has resulted in a slight lowering of the target price.

Buy rating stays and new target price is down to 14c from 15c.

FORECAST
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -0.20 cents.
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.60 cents.
Access Extra Coverage Research History >

MEK STOCK CHART

FNArena News on MEK

1
Australian Broker Call *Extra* Edition – Dec 09, 2024

Dec 09 2024 - Daily Market Reports
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 29-11-24

Nov 29 2024 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Nov 27, 2024

Nov 27 2024 - Daily Market Reports

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