Alkane Resources Ltd (AU:ALK)
ASX:ALK
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Alkane Resources Ltd
(Sydney:ALK)
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Rating:71Outperform
Price Target:
AU$1.50
â–¼(-17.13% Downside)
Action:UpgradedDate:04/16/26
The score is driven primarily by solid financial fundamentals (strong growth and low leverage, offset by cash flow weakness) and constructive technical momentum (price above major moving averages). The latest earnings call adds support via reiterated guidance and record operating performance, while valuation is only moderately supportive given no dividend yield.
Positive Factors
Revenue and production momentum
Record quarterly revenue, EBITDA and production levels show the operating portfolio can scale cash generation under current operating plans. Reiterated full-year GEO guidance and documented throughput gains at Tomingley indicate sustainable near-term production capacity and predictable revenue drivers over the next 2–6 months.
Negative Factors
Weak free cash flow generation
Severely negative FCF growth and a low FCF/Net Income ratio show earnings are not translating into durable free cash generation. Over months this constrains the company's ability to self-fund growth projects, increasing reliance on cash buffers or external funding and elevating execution and financing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and production momentum
Record quarterly revenue, EBITDA and production levels show the operating portfolio can scale cash generation under current operating plans. Reiterated full-year GEO guidance and documented throughput gains at Tomingley indicate sustainable near-term production capacity and predictable revenue drivers over the next 2–6 months.
Read all positive factors
Alkane Resources Ltd (ALK) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.02B
Dividend YieldN/A
Average Volume (3M)6.55M
Price to Earnings (P/E)5.4
Beta (1Y)1.96
Revenue Growth51.66%
EPS Growth86.35%
CountryAU
Employees105
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,366,204,800
10 Day Avg. Volume6,802,298
30 Day Avg. Volume6,553,972
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)1.25
Price to Sales (P/S)1.65
P/FCF Ratio31.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.13Price Target Upside17.41% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Alkane Resources Ltd Business Overview & Revenue Model
Company Description
Alkane Resources Limited operates as a gold production company in Australia. It explores for gold, copper, nickel, zinc, and silver deposits. The company holds various interests in the Tomingley Gold project that consists of four gold deposits; an...
How the Company Makes Money
Alkane makes money primarily by producing and selling gold from its Tomingley Gold Operations. Revenue is generated from the sale of gold (typically as doré or refined bullion) into prevailing market prices; profitability depends on production vol...
Alkane Resources Ltd Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 262.36M | 172.99M | 190.53M | 165.01M | 127.83M |
| Gross Profit | 51.59M | 29.85M | 71.22M | 57.30M | 57.37M |
| EBITDA | 103.03M | 62.93M | 97.75M | 137.32M | 71.12M |
| Net Income | 33.04M | 17.68M | 42.45M | 70.25M | 55.70M |
Balance Sheet | |||||
| Total Assets | 543.29M | 464.70M | 425.77M | 367.85M | 236.22M |
| Cash, Cash Equivalents and Short-Term Investments | 48.09M | 45.52M | 80.29M | 77.89M | 18.99M |
| Total Debt | 59.32M | 49.02M | 13.55M | 15.05M | 9.22M |
| Total Liabilities | 197.60M | 155.32M | 112.19M | 86.81M | 44.65M |
| Stockholders Equity | 345.69M | 309.37M | 300.00M | 268.87M | 191.56M |
Cash Flow | |||||
| Free Cash Flow | 13.93M | -82.59M | 3.75M | 2.96M | -15.00M |
| Operating Cash Flow | 71.98M | 52.90M | 95.55M | 86.48M | 71.12M |
| Investing Cash Flow | -78.66M | -123.52M | -91.43M | -33.24M | -102.73M |
| Financing Cash Flow | 9.25M | 35.84M | -1.72M | 5.67M | 2.26M |
Alkane Resources Ltd Technical Analysis
Positive
1.81
Price Trends
1.61
Positive
1.46
Positive
1.21
Positive
Market Momentum
0.08
Negative
61.35
Neutral
89.71
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ALK, the sentiment is Positive. The current price of 1.81 is above the 20-day moving average (MA) of 1.59, above the 50-day MA of 1.61, and above the 200-day MA of 1.21, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 61.35 is Neutral, neither overbought nor oversold. The STOCH value of 89.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ALK.
Alkane Resources Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | AU$2.52B | 7.63 | 68.49% | ― | 82.10% | 237.67% | |
71 Outperform | AU$2.02B | 5.44 | 9.92% | ― | 51.66% | 86.35% | |
64 Neutral | AU$2.54B | 12.45 | 17.47% | ― | 10.67% | ― | |
62 Neutral | AU$1.41B | 7.86 | 22.55% | ― | -0.53% | 48.19% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | AU$1.26B | 8.53 | 19.74% | ― | 53.05% | ― | |
52 Neutral | AU$2.31B | 240.15 | -6.70% | ― | 17.08% | -158.79% |
* Basic Materials Sector Average
AU:ALK
Alkane Resources Ltd
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Pantoro Gold Limited
3.21
0.42
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Bellevue Gold Limited
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68.48%
Alkane Resources Ltd Corporate Events
Alkane Resources Schedules Q3 FY2026 Results Webcast to Update Investors
May 4, 2026
Alkane Resources will release its Q3 FY2026 operating and financial results on 15 May 2026, followed by a conference call and webcast hosted by Managing Director and CEO Nic Earner and CFO James Carter to discuss the performance. Investors will be...
Alkane Resources Posts Record Quarter as Cash Pile and ASX Standing Grow
Apr 22, 2026
Alkane Resources reported its strongest quarter to date for the three months to 31 March 2026, delivering record group production of 45,776 gold equivalent ounces from its Tomingley, Costerfield and Björkdal operations, and generating site op...
Alkane Resources to Join S&P/ASX 200 as National Storage REIT Exits
Apr 15, 2026
Alkane Resources Limited, an Australian mining and exploration company listed on the ASX as ALK, is set to join the SP/ASX 200 Index, reflecting a step up in its market prominence. The company operates in the resources sector, where index inclusio...
Alkane CEO to Outline Growth Strategy at Mining Forum Europe
Apr 14, 2026
Alkane Resources said its Managing Director and CEO, Nic Earner, will present at the Mining Forum Europe Conference in Zurich, Switzerland, at 3:30 p.m. GMT on 14 April 2026. The appearance gives the Australia-based gold and antimony producer an o...
Nagambie Clears Alkane Earn-In Joint Venture, Unlocking Funded Exploration and Plant Access
Apr 9, 2026
Nagambie Resources has secured strong shareholder approval for an earn-in joint venture with Mandalay Resources Costerfield Operations, a wholly owned subsidiary of Alkane Resources, clearing all conditions for Alkane to invest $2.5 million for 16...
Alkane lifts cash pile on strong March gold-equivalent output
Apr 8, 2026
Alkane Resources reported March quarter production of 45,776 ounces of gold equivalent from its Tomingley, Costerfield and Björkdal operations, with consolidated output of 44,669 ounces of gold and 377 tonnes of antimony. The company ended th...
Alkane Resources reshapes company secretariat as it advances gold, antimony growth plans
Apr 2, 2026
Alkane Resources has appointed experienced commercial lawyer Richard “Hof” Steenhof as Joint Company Secretary, in addition to his role as General Counsel, effective 2 April 2026. Steenhof brings nearly two decades of resources-sector ...
Alkane secures A$150m in new credit to boost growth and liquidity
Mar 29, 2026
Alkane Resources has secured a A$110 million revolving credit facility and a A$40 million contingent instrument facility from a syndicate of major Australian banks, following the early repayment of its previous project finance facility. The new fu...
Alkane Resources Director Cuts Indirect Stake by Nearly 27 Million Shares
Mar 5, 2026
Alkane Resources has disclosed a significant change in the shareholdings of director Bradford Alan Mills, reflecting sizeable on-market sales executed through his associated entity CE Mining III MND Limited. Mills’ indirect holding was reduc...
Alkane Extends High-Grade Kendal Antimony-Gold Veins at Costerfield
Feb 24, 2026
Alkane Resources has reported strong exploration results from the Kendal deposit, a near-mine antimony-rich system that continues up-dip from the high-grade Youle and Shepherd deposits at its Costerfield operation in Victoria. Recent infill and ex...
Alkane drilling unveils deep gold structure and high-grade zones at Tomingley
Feb 23, 2026
Alkane Resources has reported new deep drilling and underground exploration results from its Tomingley Gold Operations, identifying a gold-bearing structure beneath the Roswell deposit and high-grade zones within the Western Monzodiorite domain. T...
Alkane Resources Lapses FY2026 Performance Rights, Trimming Potential Dilution
Feb 23, 2026
Alkane Resources has notified the market of the lapse of 313,348 FY2026 performance rights, which have ceased because the conditions attached to those rights were not met or can no longer be satisfied. The cessation of these securities reduces the...
Alkane Resources Issues New FY2026 Performance Rights Under Staff Incentive Plan
Feb 23, 2026
Alkane Resources Ltd has issued 313,348 unquoted performance rights for FY2026 under its employee incentive scheme, effective 23 February 2026. These securities are subject to transfer restrictions and will not be quoted on the ASX until those res...
Nagambie Clears Key Hurdle for Alkane Joint Venture as ROFR Expires
Feb 22, 2026
Nagambie Resources has confirmed that a key condition for its proposed joint venture with Alkane Resources’ Costerfield Operations has been met after Southern Cross Gold Consolidated chose not to exercise its Right of First Refusal. The waiv...
Alkane Resources Showcases Global Gold and Antimony Portfolio at Major Mining Conferences
Feb 22, 2026
Alkane Resources, an Australia-based gold and antimony producer, operates three wholly owned underground and open pit mines in New South Wales, Victoria and Sweden, focusing on growing its resource base through near-mine exploration. The company a...
Alkane Resources Sets Date for H1 and Q2 FY2026 Results and Investor Call
Feb 10, 2026
Alkane Resources will release its first half and second quarter financial and operating results for the period ending 31 December 2025 on 13 February 2026, before TSX trading, and will host a conference call and webcast led by its CEO and CFO for ...
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.