Alicanto Minerals Ltd. (AU:AQI)
ASX:AQI
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Alicanto Minerals
(Sydney:AQI)
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Select Model
Rating:42Neutral
Price Target:
AU$1.50
â–²(1400.00% Upside)
Action:ReiteratedDate:03/17/26
The score is pressured primarily by weak financial performance—persistent losses and negative operating/free cash flow outweigh revenue growth and low debt. Technicals also lean bearish (negative MACD and below key short-term averages), while valuation is constrained by loss-making status (negative P/E) and no dividend yield support.
Positive Factors
Conservative leverage / low debt
Low debt-to-equity provides durable financial flexibility for an exploration company that isn’t yet revenue-positive. Conservative leverage reduces interest burden and lowers refinancing risk, helping sustain ongoing drilling and permitting programs during prolonged development cycles.
Negative Factors
Persistent negative profitability
Ongoing negative net profit and EBITDA margins indicate the business is not yet generating sustainable returns from operations. Persistent unprofitability forces reliance on financing, constrains reinvestment, and undermines ability to self-fund project development over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage / low debt
Low debt-to-equity provides durable financial flexibility for an exploration company that isn’t yet revenue-positive. Conservative leverage reduces interest burden and lowers refinancing risk, helping sustain ongoing drilling and permitting programs during prolonged development cycles.
Read all positive factors
Alicanto Minerals (AQI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$309.22M
Dividend YieldN/A
Average Volume (3M)812.72K
Price to Earnings (P/E)―
Beta (1Y)2.19
Revenue GrowthN/A
EPS Growth87.21%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.04
Shares Outstanding161,893,190
10 Day Avg. Volume675,489
30 Day Avg. Volume812,718
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)5.17
Price to Sales (P/S)763.94
P/FCF Ratio-8.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.54
Revenue Forecast (FY)N/A
Alicanto Minerals Business Overview & Revenue Model
Company Description
Alicanto Minerals Limited operates as a mineral exploration company in Sweden. The company explores for gold, zinc, lead, silver, and copper deposits. Its primary properties, including the Greater Falun copper-gold project and the Sala silver-lead...
How the Company Makes Money
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Alicanto Minerals Financial Statement Overview
Summary
Income Statement
20
Very Negative
Balance Sheet
30
Negative
Cash Flow
25
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.14K | 30.85K | 37.82K | 18.22K | 4.64K | 9.14K |
| Gross Profit | -13.12K | 30.85K | 37.82K | -142.59K | -282.17K | -103.29K |
| EBITDA | -8.54M | -4.39M | -5.34M | -6.87M | -9.24M | -6.50M |
| Net Income | -5.06M | -942.04K | -5.47M | -7.05M | -9.94M | -7.36M |
Balance Sheet | ||||||
| Total Assets | 18.78M | 4.98M | 2.94M | 5.42M | 6.09M | 7.44M |
| Cash, Cash Equivalents and Short-Term Investments | 15.36M | 2.64M | 803.77K | 3.07M | 3.25M | 4.51M |
| Total Debt | 159.25K | 181.23K | 112.47K | 167.95K | 361.98K | 573.73K |
| Total Liabilities | 692.69K | 425.52K | 405.38K | 640.34K | 1.22M | 1.10M |
| Stockholders Equity | 18.08M | 4.56M | 2.54M | 4.78M | 4.87M | 6.34M |
Cash Flow | ||||||
| Free Cash Flow | -2.71M | -2.74M | -5.01M | -6.11M | -8.33M | -4.30M |
| Operating Cash Flow | -2.70M | -2.73M | -5.01M | -5.98M | -8.31M | -4.30M |
| Investing Cash Flow | -967.39K | 30.87K | -1.06K | 300.24K | 750.83K | -454.77K |
| Financing Cash Flow | 15.27M | 4.53M | 2.74M | 5.49M | 6.30M | 6.83M |
Alicanto Minerals Technical Analysis
Positive
0.10
Price Trends
1.88
Positive
1.51
Positive
0.97
Positive
Market Momentum
-0.05
Negative
58.23
Neutral
83.96
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AQI, the sentiment is Positive. The current price of 0.1 is below the 20-day moving average (MA) of 1.57, below the 50-day MA of 1.88, and below the 200-day MA of 0.97, indicating a bullish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 58.23 is Neutral, neither overbought nor oversold. The STOCH value of 83.96 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:AQI.
Alicanto Minerals 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% | |
56 Neutral | AU$228.00M | -301.32 | -2.84% | ― | ― | 42.74% | |
53 Neutral | AU$308.95M | -21.44 | -5.27% | ― | ― | -10.71% | |
52 Neutral | AU$294.64M | -54.81 | -18.74% | ― | ― | 14.63% | |
43 Neutral | AU$246.37M | 3.94 | -3.40% | ― | ― | ― | |
42 Neutral | AU$309.22M | -12.93 | -44.73% | ― | ― | 87.21% | |
40 Neutral | AU$249.07M | -2.47 | -288.35% | ― | ― | -965.24% |
* Basic Materials Sector Average
AU:AQI
Alicanto Minerals
1.91
1.59
489.51%
AU:HRZ
Horizon Minerals Ltd
0.95
0.13
16.67%
AU:STN
Saturn Metals Ltd.
0.57
0.35
156.82%
AU:POL
Polymetals Resources Ltd.
0.81
0.10
14.08%
AU:TOR
Torque Metals Ltd.
0.49
0.42
600.00%
AU:HRN
Horizon Gold Ltd
1.28
0.85
194.93%
Alicanto Minerals Corporate Events
Alicanto Reaffirms Mount Henry Gold Resource Basis at Investor Conference
Mar 17, 2026
Alicanto Minerals used its Euroz Hartleys Rottnest Conference presentation to highlight the scale and potential of its Mount Henry Gold Project in Western Australia. The company reiterated that its reported mineral resources remain unchanged since...
Alicanto Minerals Issues 2025 Half-Year Report Overview
Mar 11, 2026
Alicanto Minerals Limited has released its 2025 Half-Year Report, which includes a chair’s message, an operations review, compliance statements, and a directors’ report. The document also contains an auditor’s independence declar...
S&P Dow Jones Revamps March 2026 All Ordinaries Rebalance
Mar 10, 2026
SP Dow Jones Indices has updated its March 2026 quarterly rebalance of the All Ordinaries index, confirming that Alicanto Minerals Limited and a range of other resource and industrial companies will be added before trading opens on March 23, 2026....
S&P Dow Jones Indices Unveils March 2026 S&P/ASX Rebalance
Mar 6, 2026
SP Dow Jones Indices has announced its March 2026 quarterly rebalance of the SP/ASX series, with changes effective before trading on March 23 and affecting key benchmarks from the SP/ASX 20 through to the SP/ASX 300. The reshuffle brings Northern ...
Alicanto to Launch 50,000m Drilling Push at Mt Henry Gold Project
Feb 23, 2026
Alicanto Minerals is gearing up to launch its first drilling campaign at the Mt Henry Gold Project in Western Australia’s Eastern Goldfields, targeting the 16km mineralised corridor that hosts a 0.9Moz gold resource, much of it within 150m o...
Alicanto Minerals Flags Change in Substantial Shareholding After Placement
Feb 20, 2026
Alicanto Minerals has disclosed that shareholders Sarah June Naylor and Michael Dylan Naylor have ceased to be substantial holders in the company as of 13 February 2026, following dilution of their stake due to the issue of new shares. The notice ...
Alicanto Completes 12-for-1 Share Consolidation Ahead of Mt Henry Gold Deal
Feb 10, 2026
Alicanto Minerals has completed a 12-for-1 consolidation of its capital across all quoted and unquoted securities, including ordinary shares, options and performance rights, as approved by shareholders. The company now has 106,591,088 fully paid o...
Alicanto Reaffirms Mt Henry Gold Resource as Growth Platform
Feb 9, 2026
Alicanto Minerals has highlighted the Mt Henry Gold Project as a proven gold system with significant potential for growth, underscoring its strategic importance within the company’s portfolio. The project’s existing mineral resource es...
Alicanto Wins Shareholder Backing for Mt Henry Gold Acquisition and Reshapes Leadership Team
Feb 1, 2026
Alicanto Minerals has secured shareholder approval to acquire the Mt Henry Gold Project in Western Australia, which hosts an existing mineral resource of about 915,000 ounces of gold, and expects to complete the transaction by mid-February 2026, w...
Alicanto Shareholders Back Capital Raising and 12-for-1 Share Consolidation
Jan 30, 2026
Alicanto Minerals has confirmed that all resolutions put to shareholders at its 30 January 2026 general meeting were approved by poll, providing full endorsement for its current capital management and funding strategy. Key approvals included Tranc...
Alicanto pivots to growth with Mt Henry gold acquisition and $28m raising
Jan 30, 2026
Alicanto Minerals has entered a binding agreement with Westgold to acquire 100% of the Mt Henry Gold Project in Western Australia’s Norseman–Kalgoorlie greenstone belt, a transaction underpinned by firm commitments from institutional i...
Alicanto Minerals Issues 118.75 Million Shares on Performance Rights Conversion
Jan 16, 2026
Alicanto Minerals Limited, an ASX-listed minerals exploration company, operates within the broader resources industry, focusing on the discovery and development of mineral assets to create value for shareholders and stakeholders.The company has is...
Alicanto Director Increases Equity Stake via Performance Rights Conversion
Jan 16, 2026
Alicanto Minerals has disclosed a change in director Raymond Shorrocks’ indirect interest in the company following the conversion of performance rights into equity. Through Spring Street Holdings Pty Ltd, where he is a director, Shorrocks ha...
Alicanto Minerals Seeks ASX Quotation for 118.75 Million New Shares
Jan 16, 2026
Alicanto Minerals Limited has applied to the ASX for quotation of an additional 118.75 million ordinary fully paid shares under code AQI, expanding its listed capital base. The new securities, issued on 16 January 2026 following the exercise or co...
Alicanto Issues 84 Million Unquoted Performance Rights Under Staff Incentive Plan
Jan 16, 2026
Alicanto Minerals Limited has issued 84 million unquoted performance rights under its employee incentive scheme, effective 16 January 2026. The substantial grant of performance rights, which will not be quoted on the ASX, is intended to support st...
Alicanto Minerals to Consolidate Shares, Performance Rights and Options
Jan 16, 2026
Alicanto Minerals Limited has announced a security consolidation affecting its ordinary fully paid shares, performance rights and options expiring 28 February 2028, following shareholder approval obtained on 30 January 2026. The consolidation will...
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.