WARATAH MINERALS LIMITED (WTM)
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WTM

WTM - WARATAH MINERALS LIMITED

FNArena Sector : NONE
Year End: December
GICS Industry Group : NONE
Debt/EBITDA: -0
Index: ALL-ORDS

Waratah Minerals is an Australian mineral explorer targeting gold, copper and other metals, with projects including Spur in New South Wales.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.755

22 Oct
2026

-0.025

OPEN

$0.78

-3.21%

HIGH

$0.79

792,401

LOW

$0.75

TARGET
$1.45 92.1% upside
FNARENA'S MARKET CONSENSUS FORECASTS
WTM: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 7.0 N/A 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
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Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-7.0
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx11.0
Net Operating Cash Flow xxxxxxxxxxxxxxx-12.1 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-77.73 %
Return on Invested Capital xxxxxxxxxxxxxxx-77.66 %
Return on Assets xxxxxxxxxxxxxxx-73.60 %
Return on Equity xxxxxxxxxxxxxxx-77.73 %
Return on Total Capital xxxxxxxxxxxxxxx-79.22 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-12.6 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx0 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx29 M
Price To Book Value xxxxxxxxxxxxxxx4.72

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx0.5 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 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

1.0

No. Of Recommendations

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

Bell Potter

20/10/2026

1

Speculative Buy

$1.45

92.05%

Bell Potter's update on the outlook for commodity prices signals the valuation for Waratah Minerals has increased to $1.45.

Back in September, when Bell Potter last updated, that valuation had been increased to $1.25. Speculative Buy.

This stock is included in the broker's selection of Key Stock Picks in the Resources sector.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 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

Shaw and Partners

21/10/2026

1

Initiation of coverage with Buy

$1.55

105.30%

Shaw and Partners maintains a Buy rating for Waratah Minerals with its target price maintained at $1.55 following initial assay results from its maiden drill hole at the Goldenclad prospect within the Spur Gold Project.

Partial assays from hole GCD001 returned a broad zone of shallow mineralisation returning 83m at 1.27g/t Au from a depth of 6m, including 42m at 2.23g/t Au across the top 100m of a planned 500m hole.

The shallow intercept extends project strike by approximately 1km from the Consols zone, supporting a linked 6km mineralised corridor and offering potential for an additional open pit starter option.

The analyst highlights a maiden resource estimate due in the first half of 2027, modelled at approximately 3Moz grading approximately 1.0g/t Au valued at $180/oz, as a major 6 to 12 month valuation catalyst.

Shaw and Partners notes further exploration upside remains across unincluded target areas including Ironclad, Alpine, Gazzards, and Gum Flat.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -9.40 cents.
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -7.70 cents.
Access Extra Coverage Research History >

WTM STOCK CHART

FNArena News on WTM

1
Rudi’s View: Quality At Home, Value Abroad

Oct 22 2026 - Rudi's View
2
Australian Broker Call *Extra* Edition – Oct 21, 2026

Oct 21 2026 - Daily Market Reports