GALAXY RESOURCES LIMITED (GXY)
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GXY - GALAXY RESOURCES LIMITED

FNArena Sector : New Battery Elements
Year End: December
GICS Industry Group : Materials
Index: ASX300 | ALL-ORDS

Galaxy Resources is an Australian lithium miner and explorer with operations in WA, Argentina and Canada. Established in 1996, the company listed on the ASX in 2007.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.69

02 Aug
2021

0.030

OPEN

$4.76

0.64%

HIGH

$4.81

0

LOW

$4.64

TARGET
$4.047 -13.7% downside
OTHER COMPANIES IN THE SAME SECTOR
ORE . AVZ . KDR . MNS . SYR . PLS . NMT . JRV . VUL . TLG . SRL . LPI . CLQ . AJM . NVX . BSM . INR . A4N . LTR . PLL .
FNARENA'S MARKET CONSENSUS FORECASTS
GXY: 1
Title FY21
Forecast
FY22
Forecast
EPS (cps) 4.2 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 114.1 xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) 0.0% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

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

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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 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx-10.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx80.3 M
Book Value Per Share xxxxxxxxxxxxxxx85.1
Net Operating Cash Flow xxxxxxxxxxxxxxx-9.7 M
Net Profit Margin xxxxxxxxxxxxxxx-56.62 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

02/07/2021

3

Neutral

$3.53

-24.73%

Credit Suisse notes an increasingly supportive lithium macro, which sees the broker's near-term pricing forecasts above consensus. The lithium price forecast incorporates exponential lithium demand for EV batteries, sustaining an upturn in prices as demand exceeds supply.

The broker notes lithium prices have risen sharply since February, and doesn't believe it is temporary. Orocobre ((ORE)) and Galaxy Resources have agreed to merge, and the analyst sees ample value upside.

This should come from Orocobre's hard-earned IP operating in Argentina, which may materially derisk Galaxy Resources’ Sal de Vida
Resource, explains the analyst. The overall scale and market relevance enhancements should derisk funding for and accelerate overall growth.

Credit Suisse maintains the Neutral rating for Galaxy Resources and lowers the target price to $3.53 from $3.75.

FORECAST
Credit Suisse forecasts a full year FY21 dividend of 0.00 cents and EPS of minus -2.89 cents.
Credit Suisse forecasts a full year FY22 dividend of 0.00 cents and EPS of 4.97 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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GXY STOCK CHART