ALKANE RESOURCES LIMITED (ALK)
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ALK

ALK - ALKANE RESOURCES LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.64
Index: ASX300 | ALL-ORDS

Alkane Resources is an Australian gold producer and explorer. It has two operations in NSW. The company was founded and listed in 1969.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.155

15 Oct
2025

-0.025

OPEN

$1.19

-2.12%

HIGH

$1.19

5,735,263

LOW

$1.15

TARGET
$1.475 27.7% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
ALK: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 5.5 31.1 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 86.3% 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 3.7 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 © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx5.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx262.4 M
Book Value Per Share xxxxxxxxxxxxxxx57.1
Net Operating Cash Flow xxxxxxxxxxxxxxx72.0 M
Net Profit Margin xxxxxxxxxxxxxxx12.59 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx10.09 %
Return on Invested Capital xxxxxxxxxxxxxxx9.26 %
Return on Assets xxxxxxxxxxxxxxx6.45 %
Return on Equity xxxxxxxxxxxxxxx10.09 %
Return on Total Capital xxxxxxxxxxxxxxx10.66 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx13.9 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 xxxxxxxxxxxxxxx33 M
Long Term Debt xxxxxxxxxxxxxxx26 M
Total Debt xxxxxxxxxxxxxxx59 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx48 M
Price To Book Value xxxxxxxxxxxxxxx1.25

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx75.6 M
Capex % of Sales xxxxxxxxxxxxxxx28.81 %
Cost of Goods Sold xxxxxxxxxxxxxxx211 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx11 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx8 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

0.8

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

17/09/2025

1

Buy

$1.45

25.54%

Bell Potter has resumed coverage of Alkane Resources under analyst David Coates. Buy rating and target price of $1.45.

The company completed the merger with Canadian producer Mandalay Resources in early August, transforming it into a diversified, multi-mine gold producer with exposure to antimony, a critical mineral.

FY26 production guidance of 155-170koz was broadly in line with the broker's previous estimate, but the ramp-up of gold production was slower than expected, along with lower antimony production. This is, however, offset by higher gold price forecasts.

Buy. Target price $1.45.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 41.20 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 37.70 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

Moelis

08/10/2025

1

Upgrade to Buy from Hold

$1.50

29.87%

Following the end of the September quarter, Moelis has updated forecasts for gold/silver and copper companies to reflect actual prices, forex, and revised consensus assumptions.

The broker notes gold reached a record price, prompting a 15% upgrade in near term price forecasts and an 8% increase to long term forecast (US$2,812/oz)

Copper rose to US$4.75/lb amid the Grasberg disruption, though long-term assumptions remain steady. Silver prices are materially higher, benefiting producers with by-product exposure. Long-term silver price estimate is US$34.67/oz, up 21%.

Overall, gold producers saw strong valuation and earnings upgrades, while copper names gained modestly.

In the case of Alkane Resources, the broker lifted FY26-27 EBITDA forecasts by 18% and 17% respectively, and net profit estimates by 31% and 29%, respectively. This also reflects production increase following the merger with Mandalay Resources.

Rating upgraded to Buy from Hold. Target price $1.50.

FORECAST
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 4.59 cents.
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 13.21 cents.
Access Extra Coverage Research History >

ALK STOCK CHART

FNArena News on ALK

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 10-10-25

Oct 10 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Oct 08, 2025

Oct 08 2025 - Daily Market Reports
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 19-09-25

Sep 19 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Sep 15, 2025

Sep 15 2025 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Sep 01, 2025

Sep 01 2025 - Daily Market Reports

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