SPARTAN RESOURCES LIMITED (SPR)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

SPR - SPARTAN RESOURCES LIMITED

FNArena Sector : Gold & Silver

Year End: June

GICS Industry Group : Materials

Debt/EBITDA: -0.43

Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$1.72 25 Mar 2025	0.020 OPEN $1.70	1.18% HIGH $1.74	12,850,844 LOW $1.69

OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . ADT . ALK . AMI . ASL . AUE . BC8 . BEZ . BGL . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . DEG . EMR . EVN . EVR . FFM . FFM . FND . GMD . GOR . GPR . HGO . IGO . KCN . KGL . MAU . MEI . MEK . MM8 . MML . NEM . NST . NVA . OBM . PDI . PNR . PRU . RMS . RRL . RSG . RXL . SBM . SMI . SSR . STM . STN . SVL . TBR . TCG . TRE . TTM . VAU . WAF . WGX . WIA .

FNARENA'S MARKET CONSENSUS FORECASTS

- No Record -

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	-5.4
DPS All	xxx	xxx	xxx	xxx	xxx	0.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	0.0 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	14.2
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	-9.7 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	-

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	-40.70 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	-37.70 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	-23.59 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	-40.70 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	-18.70 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	-10.2 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	2 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	8 M
Total Debt	xxx	xxx	xxx	xxx	xxx	10 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	-
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	93 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	6.93

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	28.9 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	-
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	2 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	24 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	1 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

0.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
No data available in table

Access Stockbroker Research History >

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
Canaccord Genuity	19/03/2025	1	Speculative Buy	$2.10	22.09%	Ramelius Resources ((RMS)) and Spartan Resources have entered into an agreement where Ramelius will take its stake to 100% (from 19.9%) via a combination of shares and cash. Canaccord Genuity notes the deal is at 11% premium to Spartan's closing share price on March 14. If unsuccessful, Ramelius will undertake a conditional off-market takeover offer, but three shareholders owning 18.9% of the target's equity are already favouring the scheme and the takeover offer. The broker notes the deal would make Ramelius the largest mid-tier Australian gold producer with a market cap of $4.2bn. The analyst's standalone valuation for Ramelius is $3.317bn and for Spartan is $2.667bn, and the proforma valuation for the combination is $5.372bn. Target price for Spartan is $2.1 and rating remains Speculative Buy. FORECAST Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -4.00 cents. Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -2.00 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Canaccord Genuity

19/03/2025

Speculative Buy

$2.10

22.09%

Ramelius Resources ((RMS)) and Spartan Resources have entered into an agreement where Ramelius will take its stake to 100% (from 19.9%) via a combination of shares and cash.

Canaccord Genuity notes the deal is at 11% premium to Spartan's closing share price on March 14.

If unsuccessful, Ramelius will undertake a conditional off-market takeover offer, but three shareholders owning 18.9% of the target's equity are already favouring the scheme and the takeover offer.

The broker notes the deal would make Ramelius the largest mid-tier Australian gold producer with a market cap of $4.2bn. The analyst's standalone valuation for Ramelius is $3.317bn and for Spartan is $2.667bn, and the proforma valuation for the combination is $5.372bn.

Target price for Spartan is $2.1 and rating remains Speculative Buy.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -4.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -2.00 cents.

Access Extra Coverage Research History >

SPR STOCK CHART

FNArena News on SPR

1	Next Week At A Glance 24-28 Mar 2025 Mar 21 2025 - Weekly Reports

2	Australian Broker Call Extra Edition – Mar 19, 2025 Mar 19 2025 - Daily Market Reports

3	Australian Broker Call Extra Edition – Dec 09, 2024 Dec 09 2024 - Daily Market Reports

4	Australian Broker Call Extra Edition – Nov 14, 2024 Nov 14 2024 - Daily Market Reports

5	Next Week At A Glance – 11-15 Nov 2024 Nov 08 2024 - Weekly Reports

Latest Gold & Silver News

1	The Risk For Gold Heading Into A Tariff Storm 10:30 AM - Technicals

2	Northern Star Has Broken Out Mar 18 2025 - Technicals

3	Gold Miners On The Rise Mar 11 2025 - Technicals

4	Unlocking Vault’s Golden Potential Nov 14 2024 - Commodities

5	What Went Wrong With Newmont? Nov 05 2024 - Australia

6	In Brief: Aurum, Hillgrove & Little Green Pharma Oct 25 2024 - Weekly Reports

7	Perseus Mining Shares Ready To Run Oct 22 2024 - Technicals

8	Gold & Dividends Shine For Northern Star Sep 12 2024 - Australia

9	Cup And Handle For Capricorn Metals Aug 06 2024 - Technicals

10	Bellevue Gold For Better Grades & Margins Jul 08 2024 - Commodities

1	Next Week At A Glance 24-28 Mar 2025 Mar 21 2025 - Weekly Reports

2	Australian Broker Call Extra Edition – Mar 19, 2025 Mar 19 2025 - Daily Market Reports

3	Australian Broker Call Extra Edition – Dec 09, 2024 Dec 09 2024 - Daily Market Reports

4	Australian Broker Call Extra Edition – Nov 14, 2024 Nov 14 2024 - Daily Market Reports

5	Next Week At A Glance – 11-15 Nov 2024 Nov 08 2024 - Weekly Reports

Get 2 Weeks free trial

Sign Up

Member Login

SPARTAN RESOURCES LIMITED (SPR)
Share Price Analysis and Chart