Education
About Us
Working with TipRanks
Follow Us
Carnaby Resources Ltd. (AU:CNB)
ASX:CNB
CNB Stock Chart & Stats
AU$0.47
<AU$0.01(1.45%)
At close: 4:00 PM EST
AU$0.47
<AU$0.01(1.45%)
Day’s Range― - ―
52-Week RangeAU$0.22 - AU$0.59
Previous CloseN/A
Volume144.74K
Average Volume (3M)1.62M
Market Cap
AU$129.78M
Enterprise ValueAU$92.91M
Total Cash (Recent Filing)AU$14.62M
Total Debt (Recent Filing)AU$96.50K
Price to Earnings (P/E)―
Beta1.55
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$0.88Price Target Upside87.23% 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 And Stronger EquityCarnaby's extremely low debt-to-equity (~0.0005 in 2025) and materially higher equity provide durable financial flexibility for multi-year exploration cycles. A strong capital base reduces refinancing risk, supports sustained project funding, and preserves strategic optionality for development or transactions.
Improving Loss TrajectoryYear-over-year reduction in net losses signals improving operational efficiency and lower burn per period. If sustained, this trend lengthens runway from existing capital and increases the chance that future drilling or resource work can reach value-driving milestones without immediate external dilution.
Focused Exploration Business ModelA clear asset-focused model targeting copper and base metals in Queensland concentrates technical expertise and regulatory know-how. This specialization supports repeatable exploration processes, focused capital allocation, and better ability to advance projects to resource or transaction outcomes over the medium term.
Bears Say
No Revenue BaseCarnaby has generated no revenue for multiple years, leaving valuation and viability dependent on exploratory success or external funding. Without operating income, the company must continually raise capital, increasing execution risk and potential dilution until commercial resources or offtake/transaction occur.
Continued Cash BurnPersistent negative operating and free cash flows indicate the company is reliant on financing to fund exploration and operations. Continued cash burn pressures liquidity, shortens independent runway, and forces either project cuts or new capital raises, which can dilute shareholders and slow long-term value creation.
Negative Shareholder Returns / Weak Earnings QualityA negative ROE reflects recurring losses and indicates the company has not converted equity capital into positive returns. Persistently weak earnings quality raises questions about the timing and probability of a profitable resource discovery or transaction that would deliver sustainable shareholder value.
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$0.22 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$129.78M.
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 189 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$0.88 (87.23% Upside)
AU$0.88 (87.23% Upside)
Blogger Sentiment
Bullish
AU:CNB Sentiment 100%
Sector Average ―
Sector Average ―
Technicals
SMA
Positive
20 days / 200 days
Momentum
24.32%
12-Months-Change
Fundamentals
Return on Equity
-23.45%
Trailing 12-Months
Asset Growth
55.22%
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$0.88
▲(87.23% Upside)
Technical Analysis
Peak Minerals
―
Petratherm Ltd
―
Newfield Resources Ltd.
―
Medallion Metals Ltd
―
Osmond Resources Limited
―
Options Prices
Currently, No data available
---