BANNERMAN ENERGY LIMITED (BMN)
Share Price Analysis and Chart

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BMN

BMN - BANNERMAN ENERGY LIMITED

FNArena Sector : Uranium
Year End: June
GICS Industry Group : Energy
Debt/EBITDA: -0.01
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.79

03 Mar
2026

-0.110

OPEN

$5.20

-2.24%

HIGH

$5.25

1,443,077

LOW

$4.72

TARGET
$5.60

-0.25 change from previous day

 16.9% upside
OTHER COMPANIES IN THE SAME SECTOR
1AE . AEE . AGE . AKN . ASN . BKY . BOE . BSN . C29 . CXO . CXU . DEV . DYL . EL8 . EL8 . ERA . HAR . I88 . KOB . LAM . LOT . MEU . NXG . ORP . PDN . PEN . SLX . TOE . WCN .
FNARENA'S MARKET CONSENSUS FORECASTS
BMN: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 2.3 - 2.8 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: 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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-2.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx106.1
Net Operating Cash Flow xxxxxxxxxxxxxxx-2.8 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-2.77 %
Return on Invested Capital xxxxxxxxxxxxxxx-2.77 %
Return on Assets xxxxxxxxxxxxxxx-2.71 %
Return on Equity xxxxxxxxxxxxxxx-2.77 %
Return on Total Capital xxxxxxxxxxxxxxx-4.97 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-25.8 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 xxxxxxxxxxxxxxx59 M
Price To Book Value xxxxxxxxxxxxxxx3.14

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx43.5 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx7 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2 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

Macquarie

04/03/2026

1

Outperform

$5.60

16.91%

Bannerman Energy’s US$321m partnership with China National Nuclear Corporation, delivering a 42.75% effective interest to the latter in the Etango operation, materially de-risks the project, Macquarie suggests.

The transaction supports value maximisation through 60% life-of-mine (LOM) offtake at market-based prices with no ceiling and accelerated payment terms, the analyst explains.

Expected equity dilution falls to 236m shares from 324m previously. Macquarie notes no debt is required ahead of the final investment decision (FID) targeted for mid-2026

Target price falls to $5.60 from $5.85. Macquarie retains an Outperform rating.

FORECAST
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -2.80 cents.
Macquarie forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -1.10 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

xx/xx/xxxx

1

xxx, xxxx xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Canaccord Genuity

16/02/2026

1

Speculative Buy

$5.99

25.05%

Canaccord Genuity raises its target price to $5.99 from $4.95 and retains a Speculative Buy rating on Bannerman Energy post a change in the broker's outlook for demand and supply on uranium prices.

The broker argues a step change in energy demand is emerging for the first time since the early 2000s, with sentiment now strongly supportive of nuclear across both public and private markets.

Despite rising demand, the broker notes uranium supply concerns remain unresolved. Commentary posits tightening conditions are beginning to show through in the long term market.

Canaccord Genuity lifts its long term uranium price assumption to US$110/lb from 2030.
Access Extra Coverage Research History >

BMN STOCK CHART

FNArena News on BMN

1
Uranium Week: Prices Reset Lower In February

Mar 03 2026 - Weekly Reports
2
Uranium Week: Burgeoning SuperCycle

Feb 24 2026 - Weekly Reports
3
Uranium Week: Yellow Cake Raises US$110m

Feb 17 2026 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Feb 16, 2026

Feb 16 2026 - Daily Market Reports
5
Uranium Week: Volatility Kicks Up A Gear

Feb 10 2026 - Weekly Reports

Latest Uranium News

1
Paladin Poised For Another Big Breakout

Mar 03 2026 - Technicals
2
Uranium Week: Prices Reset Lower In February

Mar 03 2026 - Weekly Reports
3
Uranium Week: Burgeoning SuperCycle

Feb 24 2026 - Weekly Reports
4
Uranium Week: Yellow Cake Raises US$110m

Feb 17 2026 - Weekly Reports
5
Uranium Week: Volatility Kicks Up A Gear

Feb 10 2026 - Weekly Reports
6
Uranium Week: Back Above US$100lb

Feb 03 2026 - Weekly Reports
7
Uranium Week: No Shortage Of Bullish Sentiment

Jan 27 2026 - Weekly Reports
8
Uranium Week: 2026 Off To The Races

Jan 20 2026 - Weekly Reports
9
Uranium Week: Boss, Is The Honeymoon Over?

Dec 23 2025 - Weekly Reports
10
Uranium Week: Sprott Buying & ASX Upgrades

Dec 16 2025 - Weekly Reports