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Alkane Resources Ltd
(Sydney:ALK)
Alkane Resources Ltd (ALK) vs. iShares MSCI Australia ETF (EWA)
Alkane Resources Ltd Business Overview & Revenue Model
Alkane Resources Ltd Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 172.99M | 190.53M | 165.01M | 127.83M | 72.55M |
| Gross Profit | 29.85M | 71.22M | 57.30M | 57.37M | 39.68M |
| EBITDA | 62.93M | 97.75M | 137.32M | 71.12M | 29.54M |
| Net Income | 17.68M | 42.45M | 70.25M | 55.70M | 12.76M |
Balance Sheet | |||||
| Total Assets | 464.70M | 425.77M | 367.85M | 236.22M | 327.71M |
| Cash, Cash Equivalents and Short-Term Investments | 45.52M | 80.29M | 77.89M | 18.99M | 48.34M |
| Total Debt | 49.02M | 13.55M | 15.05M | 9.22M | 6.61M |
| Total Liabilities | 155.32M | 112.19M | 86.81M | 44.65M | 60.33M |
| Stockholders Equity | 309.37M | 300.00M | 268.87M | 191.56M | 267.39M |
Cash Flow | |||||
| Free Cash Flow | -82.59M | 3.75M | 2.96M | -15.00M | -38.17M |
| Operating Cash Flow | 52.90M | 95.55M | 86.48M | 71.12M | 28.54M |
| Investing Cash Flow | -123.52M | -91.43M | -33.24M | -102.73M | -77.30M |
| Financing Cash Flow | 35.84M | -1.72M | 5.67M | 2.26M | 46.06M |
Alkane Resources Ltd Technical Analysis
Alkane Resources Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $750.06M | 3.43 | 140.63% | ― | 145.50% | 893.45% | |
61 Neutral | $1.20B | 28.85 | 5.86% | ― | 10.37% | -39.24% | |
51 Neutral | AU$626.23M | ― | -7.78% | ― | ― | -875.00% | |
48 Neutral | €422.78M | ― | -7.25% | ― | ― | -181.82% | |
44 Neutral | $384.41M | ― | -15.72% | ― | ― | ― | |
44 Neutral | AU$1.54B | -7.28 | -22.62% | 4.34% | -3.13% | -36.41% |
Alkane Resources Ltd Corporate Events
Alkane Resources Ltd reported solid performance for the quarter ending June 2025, with gold production at Tomingley Gold Operations reaching 19,193 ounces and maintaining production and cost guidance for FY2025. The company is nearing completion of a merger with Mandalay Resources, which will create a larger gold and antimony business, enhancing its scale, financial strength, and growth opportunities. The merger is expected to be finalized by early August 2025, and the combined entity will release its FY2026 guidance in the September quarter.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.04 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd announced that all resolutions at its General Meeting of Shareholders were passed, including those related to its merger with Mandalay Resources Corporation. This merger is expected to enhance Alkane’s production capabilities in gold and antimony, positioning the company for growth in the mining sector. The successful passing of resolutions reflects strong shareholder support, and the merger is anticipated to be finalized following further approvals in Canada.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.04 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd has announced a change in its share registry management, transferring from Automic Registry Services to Computershare Investor Services Pty Limited, effective from August 4, 2025. This transition aims to enhance shareholder experience by providing a more efficient and accessible online platform for managing holdings through Computershare’s Investor Centre, ensuring seamless access to shareholder information and services.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$0.97 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd reported that its Tomingley Gold Operations achieved its FY2025 production guidance, producing 70,120 ounces of gold. The company saw a significant increase in its cash and bullion balance, ending the quarter with A$68.3 million. The successful year was attributed to increased production from the Roswell underground and new infrastructure developments. Alkane’s merger with Mandalay Resources positions it as a mid-tier gold company on the ASX, enhancing its market presence and shareholder value.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd has announced a change in the director’s interest, with Gavin Murray Smith acquiring an additional 68,493 ordinary fully paid shares in the company, bringing his total direct holding to 228,243 shares. This acquisition, made through an on-market purchase valued at $50,054.89, reflects a strategic move that could potentially impact the company’s market positioning and stakeholder interests by increasing the director’s stake in the company.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd is involved in a plan of arrangement to acquire all issued and outstanding shares of Mandalay Resources Corporation through its wholly-owned subsidiary, 1536968 B.C. Ltd. This acquisition will result in Mandalay becoming an indirect wholly-owned subsidiary of Alkane, with Alkane’s shares expected to be listed on the Toronto Stock Exchange. The board of Mandalay has unanimously recommended shareholders vote in favor of this arrangement, which is anticipated to complete in the third quarter of 2025, subject to regulatory approvals and shareholder consent.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd has announced an update on its planned merger with Mandalay Resources Corporation, which aims to create a diversified gold and antimony producer with a strong balance sheet and three operating mines. The merger, subject to shareholder and regulatory approvals, is expected to enhance Alkane’s market profile and trading liquidity, with completion anticipated in early August 2025. The merger has garnered strong investor interest, with extensive joint marketing efforts by the leadership of both companies.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Limited has announced an update regarding its proposed issue of securities, with key dates set for its General Meeting and Mandalay Resources Corporation’s Special Meeting on July 28, 2025. The company has also received approval from the Swedish Inspectorate of Strategic Products, which may have implications for its operations and stakeholder interests.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd has announced a General Meeting scheduled for July 28, 2025, at Quest Kings Park in West Perth. Shareholders are encouraged to participate either in person or by proxy vote, with all resolutions to be conducted by poll. The company emphasizes its commitment to reducing environmental impact by urging shareholders to opt for electronic communications, aligning with its sustainability goals.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.04 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd has received Swedish regulatory approval for its proposed merger with Mandalay Resources Corporation, a move that will create a diversified Australian-centric gold and antimony producer. The merger is expected to enhance Alkane’s industry positioning by combining resources and expanding its portfolio to include three operating mines, although it still requires further approvals from various stakeholders.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.