Carnaby Resources Ltd. (AU:CNB)
ASX:CNB
Want to see AU:CNB full AI Analyst Report?
CNB Stock Chart & Stats
AU$0.46
<AU$0.01(1.45%)
At close: 4:00 PM EST
AU$0.46
<AU$0.01(1.45%)
Day’s Range― - ―
52-Week RangeAU$0.29 - AU$0.80
Previous CloseN/A
Volume144.74K
Average Volume (3M)1.62M
Market Cap
AU$173.96M
Enterprise ValueAU$152.34M
Total Cash (Recent Filing)AU$14.62M
Total Debt (Recent Filing)AU$96.50K
Price to Earnings (P/E)―
Beta1.83
Next Earnings
Sep 18, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.03
Shares Outstanding276,119,870
10 Day Avg. Volume1,632,606
30 Day Avg. Volume1,622,823
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)2.14
Price to Sales (P/S)0.00
P/FCF Ratio-6.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.83Price Target Upside79.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.04
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Strong Balance SheetExtremely low leverage and a materially larger equity base provide a long runway for funding exploration programs without immediate debt pressure. This balance-sheet strength preserves optionality for partnerships, farm-outs or staged spending, reducing execution risk over months.
Improving Cash And Loss TrendYear-over-year reduction in net losses and cash burn suggests management has begun to rein in expenditure or focus programs more efficiently. Sustained improvement improves the odds of reaching key drill milestones with lower incremental funding needs over the next 2–6 months.
Focused Exploration ModelA pure exploration business model centered on base and precious metals in Queensland is structurally scalable: discovery or resource definition can create step-change value. Geographic focus enables operational expertise and targeted capital allocation or farm‑out partnerships.
Bears Say
Zero Revenue BaseHaving no revenue across multiple years means the company cannot self-fund operations and remains dependent on capital raises. This structural lack of operating cash generation increases dilution risk and lengthens the path to sustainable value creation absent a material discovery.
Consistent Cash BurnSustained negative operating and free cash flow requires recurring external funding to sustain exploration. Reliance on markets or equity issuance constrains strategic flexibility, risks program curtailment if capital markets tighten, and increases long-term execution risk.
Negative Shareholder ReturnsA materially negative ROE indicates the company has not converted capital into value for shareholders. Continued negative returns suggest previous funding has not produced viable resources, raising the bar for future discoveries to generate acceptable long-term investor returns.
Carnaby Resources Ltd. News
CNB FAQ
What was Carnaby Resources Ltd.’s price range in the past 12 months?
Carnaby Resources Ltd. lowest share price was AU$0.28 and its highest was AU$0.80 in the past 12 months.
What is Carnaby Resources Ltd.’s market cap?
Carnaby Resources Ltd.’s market cap is AU$173.96M.
When is Carnaby Resources Ltd.’s upcoming earnings report date?
Carnaby Resources Ltd.’s upcoming earnings report date is Sep 18, 2026 which is in 96 days.
How were Carnaby Resources Ltd.’s earnings last quarter?
Carnaby Resources Ltd. released its earnings results on Mar 05, 2026. The company reported -AU$0.019 earnings per share for the quarter, missing the consensus estimate of N/A by -AU$0.019.
Is Carnaby Resources Ltd. overvalued?
According to Wall Street analysts Carnaby Resources Ltd.’s price is currently Undervalued.
Does Carnaby Resources Ltd. pay dividends?
Carnaby Resources Ltd. does not currently pay dividends.
What is Carnaby Resources Ltd.’s EPS estimate?
Carnaby Resources Ltd.’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Carnaby Resources Ltd. have?
Carnaby Resources Ltd. has 276,119,870 shares outstanding.
What happened to Carnaby Resources Ltd.’s price movement after its last earnings report?
Carnaby Resources Ltd. reported an EPS of -AU$0.019 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -5%.
Which hedge fund is a major shareholder of Carnaby Resources Ltd.?
Currently, no hedge funds are holding shares in AU:CNB
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Carnaby Resources Ltd. Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
AU$0.83 (79.35% Upside)
AU$0.83 (79.35% Upside)
Blogger Sentiment
Bullish
AU:CNB Sentiment 100%
Sector Average ―
Sector Average ―
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
24.32%
12-Months-Change
Fundamentals
Return on Equity
-17.75%
Trailing 12-Months
Asset Growth
44.83%
Trailing 12-Months
Company Description
Carnaby Resources Ltd.
Carnaby Resources Limited is an Australian company dedicated to the exploration and advancement of mineral assets, with a primary focus on discovering gold and copper deposits. The firm's portfolio includes significant stakes in various projects, such as the Pilbara Gold projects, which cover approximately 442 square kilometers within the Mallina Basin, the Greater Duchess Copper-Gold projects situated in Queensland's Mount Isa Inlier, and the Yilgarn Margin Copper-Gold projects located in Western Australia. Established in 2016, the company, formerly known as Berkut Minerals Limited, is headquartered in Subiaco, Australia.
CNB Stock 12 Month Forecast
Average Price Target
AU$0.83
▲(79.35% Upside)
Technical Analysis
Options Prices
Currently, No data available
---