Carnaby Resources Ltd. (AU:CNB)
ASX:CNB
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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$0.25 - AU$0.59
Previous CloseN/A
Volume144.74K
Average Volume (3M)1.62M
Market Cap
AU$153.25M
Enterprise ValueAU$96.34M
Total Cash (Recent Filing)AU$14.62M
Total Debt (Recent Filing)AU$96.50K
Price to Earnings (P/E)―
Beta1.87
Next Earnings
Sep 18, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.02
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
Low Leverage / Strong Balance SheetExtremely low leverage and a materially expanded equity base provide durable financial flexibility for an exploration company. With limited debt service needs the firm can fund exploration or negotiate JV terms without immediate refinancing risk, preserving optionality through commodity cycles.
Improving Loss TrajectoryA meaningful reduction in net losses over a one-year span suggests better cost control or more efficient program deployment. Sustained improvement reduces near-term funding pressure and increases the chance that exploration milestones translate into value without reverting to prior cash burn extremes.
Focused Exploration Model With Partner OptionalityA pure exploration/business-development model in a stable, mining-friendly jurisdiction provides structural optionality: the company can de-risk projects through drilling and then monetize via joint ventures or asset sales, keeping fixed overheads low and allowing capital-efficient value realization paths.
Bears Say
No Revenue BaseAbsence of operating revenue over multiple years means the business depends entirely on successful exploration outcomes or external capital to realize value. Without a revenue-generating asset, long-term viability hinges on discovery or third-party monetization rather than self-sustaining operations.
Persistent Negative Cash FlowSustained operating and free cash outflows create ongoing financing needs and elevate dilution risk. Continued cash burn reduces the time window to achieve exploration milestones, and reliance on external funding can be constrained if capital markets deteriorate, weakening long-term project funding prospects.
Negative Returns On EquityPersistent negative ROE indicates the company's capital base is not producing shareholder value and that new equity injections have diluted returns. Over time this undermines investor appetite and raises the bar for future fundraising, making it harder to finance exploration without giving up greater ownership.
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$0.25 and its highest was AU$0.59 in the past 12 months.
What is Carnaby Resources Ltd.’s market cap?
Carnaby Resources Ltd.’s market cap is AU$153.25M.
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 141 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
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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 75%
Sector Average 75%
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 engages in the exploration and development of mineral properties in Australia. The company explores for gold and copper deposits. It holds interests in the Pilbara Gold projects covering an area of approximately 442 square kilometers located in the Mallina Basin; Greater Duchess Copper-Gold projects located in Mount Isa Inlier, Queensland; and Yilgarn Margin Copper-Gold projects located in Western Australia. The company was formerly known as Berkut Minerals Limited. Carnaby Resources Limited was incorporated in 2016 and is based 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
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