AIC Mines Limited (AU:A1M)
ASX:A1M
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AIC Mines Limited
(Sydney:A1M)
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Rating:57Neutral
Price Target:
AU$0.56
▲(3.52% Upside)
Action:ReiteratedDate:03/20/26
The score is held back primarily by weak technicals (price below key moving averages, negative MACD, low RSI), despite a reasonably solid financial position with low leverage and improving profitability. The low P/E supports valuation, but negative free cash flow remains a key fundamental risk.
Positive Factors
Low leverage / strong balance sheet
AIC's low debt-to-equity (0.16) and strong equity ratio provide financial flexibility, lowering default risk and enabling capital allocation for exploration or mine development. In cyclical metals markets, conservative leverage supports durability across downturns and investment optionality.
Negative Factors
Negative free cash flow
Despite healthy operating cash, free cash flow is negative, indicating capital spending or working capital needs absorb cash. Persistent negative FCF forces external financing or equity issuances, constraining returns and increasing vulnerability during commodity price or funding stress.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
AIC's low debt-to-equity (0.16) and strong equity ratio provide financial flexibility, lowering default risk and enabling capital allocation for exploration or mine development. In cyclical metals markets, conservative leverage supports durability across downturns and investment optionality.
Read all positive factors
AIC Mines Limited (A1M) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$430.71M
Dividend YieldN/A
Average Volume (3M)2.05M
Price to Earnings (P/E)6.6
Beta (1Y)1.68
Revenue Growth5.01%
EPS Growth59.51%
CountryAU
Employees56
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.01
Shares Outstanding797,619,800
10 Day Avg. Volume2,320,371
30 Day Avg. Volume2,050,483
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)0.61
Price to Sales (P/S)0.90
P/FCF Ratio-3.67
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 Upside53.25% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.06
Revenue Forecast (FY)AU$256.29M
AIC Mines Limited Business Overview & Revenue Model
Company Description
AIC Mines Limited explores for and develops gold and copper deposits in Australia. It holds a 100% interest in the Marymia project comprising an area of approximately 3,600 square kilometers located in the Eastern Gascoyne region of Western Austra...
How the Company Makes Money
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AIC Mines Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 206.94M | 189.55M | 182.47M | 125.60M | 25.04M | 0.00 |
| Gross Profit | 20.81M | 27.97M | 70.20M | 37.11M | 14.39M | -35.00K |
| EBITDA | 87.89M | 65.45M | 53.09M | 23.48M | 6.17M | -5.92M |
| Net Income | 24.22M | 14.96M | 7.69M | -5.82M | 2.50M | -6.84M |
Balance Sheet | ||||||
| Total Assets | 423.48M | 376.92M | 266.79M | 194.70M | 194.70M | 94.37M |
| Cash, Cash Equivalents and Short-Term Investments | 44.94M | 60.97M | 87.60M | 37.75M | 37.75M | 29.26M |
| Total Debt | 61.41M | 45.30M | 6.99M | 2.83M | 2.83M | 0.00 |
| Total Liabilities | 103.46M | 97.62M | 47.67M | 40.41M | 40.41M | 25.18M |
| Stockholders Equity | 320.02M | 279.30M | 219.11M | 154.29M | 154.29M | 69.19M |
Cash Flow | ||||||
| Free Cash Flow | -39.94M | -46.27M | -13.63M | -36.83M | -33.20M | -21.15M |
| Operating Cash Flow | 100.11M | 66.42M | 51.93M | 22.85M | 26.48M | -5.41M |
| Investing Cash Flow | -133.88M | -101.55M | -66.35M | -50.95M | -50.95M | -12.72M |
| Financing Cash Flow | 49.52M | 37.25M | 57.88M | 30.89M | 30.89M | 31.02M |
AIC Mines Limited Technical Analysis
Neutral
0.54
Price Trends
0.59
Negative
0.56
Negative
0.46
Positive
Market Momentum
-0.03
Negative
49.50
Neutral
91.53
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:A1M, the sentiment is Neutral. The current price of 0.54 is above the 20-day moving average (MA) of 0.53, below the 50-day MA of 0.59, and above the 200-day MA of 0.46, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 49.50 is Neutral, neither overbought nor oversold. The STOCH value of 91.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:A1M.
AIC Mines Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | AU$430.71M | 6.61 | 8.08% | ― | 5.01% | 59.51% | |
51 Neutral | AU$404.21M | -6.50 | -20.28% | ― | ― | ― | |
46 Neutral | AU$381.04M | -19.57 | -6.04% | ― | ― | -76.36% | |
44 Neutral | AU$314.40M | -10.61 | -34.16% | ― | -100.00% | -52.08% | |
43 Neutral | AU$533.62M | -3.44 | -31.56% | ― | ― | 86.21% | |
42 Neutral | AU$456.84M | -6.45 | -117.09% | ― | ― | -186.15% |
* Basic Materials Sector Average
AU:A1M
AIC Mines Limited
0.54
0.21
63.64%
AU:MTM
Mt Monger Resources Ltd.
0.62
0.50
396.00%
AU:AZY
Antipa Minerals Limited
0.58
0.15
36.90%
AU:MM8
Medallion Metals Ltd
0.40
0.17
71.74%
AU:FRS
Forrestania Resources Limited
0.48
0.44
1483.33%
AU:TOK
Tolu Minerals Limited
1.56
0.68
77.27%
AIC Mines Limited Corporate Events
AIC Mines starts major 2026 drilling push at Eloise Regional copper project
Apr 1, 2026
AIC Mines has launched its 2026 exploration drilling campaign at the Eloise Regional Project in North Queensland as the wet season ends, marking the start of an extensive field program near its Eloise copper mine. The program is designed to delive...
AIC Mines lifts copper resources and reserves at Eloise and Jericho
Mar 30, 2026
AIC Mines has reported significant increases in Mineral Resources and Ore Reserves at its Eloise Copper Mine and Jericho Copper Project in North Queensland as at 31 December 2025. The Eloise processing plant now has access to the largest resource ...
AIC Mines Issues Investor Presentation with Extensive Risk and Liability Disclaimers
Mar 24, 2026
AIC Mines Limited has issued an investor presentation titled “An Afternoon with Ords” for March 2026, providing a summary of its activities and directing stakeholders to its ongoing ASX disclosures for complete information. The company...
AIC Mines Issues Investor Presentation with Cautious Guidance on Forward-Looking Information
Feb 2, 2026
AIC Mines Limited has released an investor presentation for the Blue Ocean Equities Base and Precious Metals Conference in February 2026, outlining summary information on its operations and exploration activities while directing stakeholders to it...
AIC Mines Hits Jericho Copper Orebody, De-Risks Expansion of Eloise Operations
Feb 1, 2026
AIC Mines has achieved a major development milestone by driving an underground access from its Eloise copper mine into the Jericho copper deposit ahead of schedule, successfully intersecting the J1 lens and confirming mineralisation style, ground ...
AIC Mines Maintains Eloise Output and Cash Flow While Accelerating Expansion and Exploration
Jan 28, 2026
AIC Mines reported that its Eloise copper mine delivered reliable production in the December 2025 quarter, with 3,202 tonnes of copper and 1,501 ounces of gold in concentrate produced at costs in line with guidance, generating $11.5 million in net...
AIC Mines Sets Date for December Quarter Report and Investor Call
Jan 21, 2026
AIC Mines Limited has announced that it will lodge its Quarterly Activities Report for the period ended 31 December 2025 with the ASX before market open on 29 January 2026. Following the release, Managing Director and CEO Aaron Colleran will host ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.