TUNGSTEN MINING NL (TGN)
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TGN

TGN - TUNGSTEN MINING NL

FNArena Sector : Tungsten
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.02
Index: ALL-ORDS

Tungsten Mining is an Australian mineral explorer and developer focused on tungsten projects, led by Mt Mulgine in Western Australia.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.19

30 Oct
2026

-0.005

OPEN

$0.19

-2.56%

HIGH

$0.20

1,121,195

LOW

$0.19

OTHER COMPANIES IN THE SAME SECTOR
AON . AT4 . G6M . RML . VKA .
FNARENA'S MARKET CONSENSUS FORECASTS

- No Record -

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx-1.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx5.4
Net Operating Cash Flow xxxxxxxxxxxxxxx-11.1 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx-36.85 %
Return on Invested Capital xxxxxxxxxxxxxxx-36.64 %
Return on Assets xxxxxxxxxxxxxxx-28.26 %
Return on Equity xxxxxxxxxxxxxxx-36.85 %
Return on Total Capital xxxxxxxxxxxxxxx-40.40 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-11.2 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 xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx0 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx49 M
Price To Book Value xxxxxxxxxxxxxxx4.28

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx0.2 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx22 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

0.0

No. Of Recommendations

0
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
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

Canaccord Genuity

20/10/2026

1

Speculative Buy

$0.45

136.84%

Canaccord Genuity maintains a Speculative Buy rating for Tungsten Mining with a $0.45 target price following the release of initial results from a 140-hole drilling program at the Mt Mulgine project.

The first 16 reverse circulation drill holes returned broad tungsten intersections including 292m at 0.11% WO3 from 2m, extending mineralisation limits by 15m to 45m in several areas of the Mulgine Trench deposit.

The analyst notes these early results provide support for potential resource growth alongside the existing 259Mt resource model.

Additional assay results demonstrated notable molybdenum and gold mineralisation, presenting potential by-product credits to support a lower cost profile for the longer-term development opportunity.

Focus remains on the primary Watershed development asset, with the company receiving non-binding indicative debt proposals totalling $200m towards the $274m pre-production capital requirement ahead of a targeted final investment decision before the end of 2026.
Access Extra Coverage Research History >

TGN STOCK CHART

FNArena News on TGN

1
Australian Broker Call *Extra* Edition – Oct 20, 2026

Oct 20 2026 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Sep 30, 2026

Sep 30 2026 - Daily Market Reports
3
Next Week At A Glance – 28 Sept – 2 Oct 2026

Sep 25 2026 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Apr 20, 2026

Apr 20 2026 - Daily Market Reports

Latest Tungsten News

No Records