Aurum Resources Limited (AU:AUE)
ASX:AUE
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Aurum Resources Limited
(Sydney:AUE)
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Rating:44Neutral
Price Target:
AU$0.53
▼(-16.56% Downside)
Action:Reiterated
Date:05/29/26
The score is held down primarily by weak operating results and significant cash burn, alongside bearish technicals (below major moving averages with negative MACD). A strong, low-leverage balance sheet provides some support, but valuation risk is elevated due to the very high P/E and no dividend yield provided.
Positive Factors
Balance Sheet Strength
Extremely low leverage and a materially larger equity base provide durable funding flexibility for a capital-intensive explorer. This balance sheet buffer reduces near-term refinancing risk and supports ongoing drilling and project development over the next several months while management advances assets.
Negative Factors
High Free Cash Flow Burn
A large negative free cash flow outflow reflects heavy investment and cash consumption relative to scale, elevating financing and dilution risk. Unless capital-efficient project milestones are achieved, the magnitude of cash burn strains runway and forces reliance on markets or partners within months.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Extremely low leverage and a materially larger equity base provide durable funding flexibility for a capital-intensive explorer. This balance sheet buffer reduces near-term refinancing risk and supports ongoing drilling and project development over the next several months while management advances assets.
Read all positive factors
Aurum Resources Limited (AUE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$234.02M
Dividend YieldN/A
Average Volume (3M)929.26K
Price to Earnings (P/E)143.6
Beta (1Y)2.12
Revenue GrowthN/A
EPS Growth93.36%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding403,474,430
10 Day Avg. Volume1,138,811
30 Day Avg. Volume929,263
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)1.59
Price to Sales (P/S)152.59
P/FCF Ratio-3.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.43Price Target Upside122.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.16
Revenue Forecast (FY)N/A
Aurum Resources Limited Business Overview & Revenue Model
Company Description
Aurum Resources Limited engages in the exploration and development of mineral properties in Australia. Its flagship project is the Penny South project, prospective for gold mineralization and located adjacent to and on the same structure as Rameli...
How the Company Makes Money
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Aurum Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -241.91K | 600.38K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -580.19K | 600.38K | -35.46K | -903.00 | -225.00 | 0.00 |
| EBITDA | -10.49M | -7.60M | -2.00M | -1.21M | -2.33M | -5.50K |
| Net Income | 1.29M | -7.98M | -2.14M | -1.21M | -2.33M | -66.00K |
Balance Sheet | ||||||
| Total Assets | 108.97M | 60.96M | 22.08M | 2.22M | 3.45M | 0.00 |
| Cash, Cash Equivalents and Short-Term Investments | 40.43M | 8.57M | 10.82M | 2.19M | 3.18M | 0.00 |
| Total Debt | 74.10K | 100.10K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.03M | 3.30M | 855.56K | 60.76K | 81.50K | 5.50K |
| Stockholders Equity | 105.95M | 57.66M | 21.23M | 2.16M | 3.37M | -5.50K |
Cash Flow | ||||||
| Free Cash Flow | -17.61M | -25.36M | -4.65M | -995.26K | -1.52M | 0.00 |
| Operating Cash Flow | 353.16K | -1.58M | -1.92M | -731.41K | -629.45K | 0.00 |
| Investing Cash Flow | -2.05M | -23.61M | -3.20M | -263.85K | -892.15K | 0.00 |
| Financing Cash Flow | 25.10M | 22.95M | 13.74M | 0.00 | 4.70M | 12.00 |
Aurum Resources Limited Technical Analysis
Negative
0.64
Price Trends
0.61
Negative
0.65
Negative
0.63
Negative
Market Momentum
-0.01
Positive
48.44
Neutral
46.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AUE, the sentiment is Negative. The current price of 0.64 is above the 20-day moving average (MA) of 0.61, above the 50-day MA of 0.61, and above the 200-day MA of 0.63, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 48.44 is Neutral, neither overbought nor oversold. The STOCH value of 46.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:AUE.
Aurum Resources 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% | |
54 Neutral | AU$1.64B | -108.93 | -10.87% | ― | ― | -5.00% | |
48 Neutral | AU$164.17M | -17.91 | -12.55% | ― | ― | -133.33% | |
47 Neutral | AU$389.93M | -15.50 | -10.21% | ― | 294.23% | 37.64% | |
46 Neutral | AU$80.19M | -5.39 | -16.67% | ― | ― | 42.00% | |
44 Neutral | AU$234.02M | 143.60 | 1.57% | ― | ― | 93.36% |
* Basic Materials Sector Average
AU:AUE
Aurum Resources Limited
0.58
0.05
9.43%
AU:LIN
Lindian Resources Limited
0.90
0.78
645.83%
AU:BSX
Blackstone Minerals Ltd
0.05
-0.03
-38.96%
AU:AGE
Alligator Energy Ltd
0.04
<0.01
23.33%
AU:ASM
Australian Strategic Materials Ltd
1.44
0.94
189.90%
Aurum Resources Limited Corporate Events
Aurum Resources Relocates Registered Office to West Perth
May 29, 2026
Aurum Resources Limited has updated the market on a change to its registered and principal administrative office, relocating its corporate base to Unit 5, 8 Clive Street in West Perth, Western Australia. The move formally aligns the company’...
Aurum Resources Issues 500,000 Unquoted Performance Rights
May 29, 2026
Aurum Resources Limited has notified the market of the issue of 500,000 unquoted performance rights, recorded under the ASX security code AUEAD. The new securities were issued on May 29, 2026, under an Appendix 3G filing, expanding the companyR...
Aurum clears major environmental hurdle at 3.22Moz Boundiali gold project
May 24, 2026
Aurum Resources has secured three key environmental approval certificates from Côte d’Ivoire’s Ministry of Environment for the Boundiali Gold Project, covering all its BST, BD and BM tenements. These approvals, granted after a 12-...
Aurum Resources Clears 174,072 New Shares for Secondary Trading
May 8, 2026
Aurum Resources Limited has issued 174,072 fully paid ordinary shares following the conversion of quoted options, expanding its issued capital base. The company has lodged a cleansing notice under section 708A(5)(e) of the Corporations Act, confir...
Aurum Resources Seeks Quotation for Additional Ordinary Shares on ASX
May 8, 2026
Aurum Resources Limited has applied for quotation of 174,072 new ordinary fully paid shares on the Australian Securities Exchange under its existing AUE code. The securities are being brought onto the market following the exercise or conversion of...
Aurum Resources Calls June Extraordinary General Meeting and Moves to Digital Notices
May 8, 2026
Aurum Resources Limited has called an extraordinary general meeting of shareholders to be held on 9 June 2026 in Subiaco, Western Australia. The company is shifting away from mailing physical notices, instead providing the meeting materials online...
Aurum extends Boundiali gold mineralisation with thick new drill hits
May 6, 2026
Aurum Resources reported multiple thick gold intercepts from 28 new diamond drill holes at the BDT2 deposit within its 3.03-million-ounce Boundiali Gold Project in Côte d’Ivoire, part of an ongoing 100,000-metre drilling campaign. The l...
Aurum Resources lifts Côte d’Ivoire gold resources to 4.2Moz amid aggressive drilling and new strategic backing
Apr 28, 2026
Aurum Resources reported strong March quarter progress in Côte d’Ivoire, lifting the Boundiali Gold Project mineral resource to 3.03 million ounces at 1.0 g/t, including a 49% jump in Indicated resources to 1.37 million ounces, and conf...
Aurum boosts Boundiali gold potential with thick new drill hits
Apr 20, 2026
Aurum Resources has reported multiple thick gold intersections from 40 new diamond drill holes at the BDT2 deposit within its 3.03Moz Boundiali Gold Project in Côte d’Ivoire. The latest 12,093m of drilling returned several high-grade in...
Aurum Resources Expands Capital Through Option Conversions and Cleansing Notice
Apr 17, 2026
Aurum Resources Limited has issued 93,127 fully paid ordinary shares following the conversion of quoted options, expanding its share capital base. The company has lodged a cleansing notice under section 708A of the Corporations Act, confirming tha...
Aurum Resources Seeks ASX Quotation for Additional Ordinary Shares
Apr 17, 2026
Aurum Resources Limited has applied to the ASX for quotation of 93,127 new ordinary fully paid shares under its AUE code, with an issue date of 17 April 2026. The additional securities arise from the exercise or conversion of existing options or o...
Aurum extends Boundiali gold mineralisation and accelerates drilling in Côte d’Ivoire
Apr 15, 2026
Aurum Resources has reported new diamond drilling results from the 3.03-million-ounce Boundiali Gold Project in Côte d’Ivoire, extending gold mineralisation at the BST1 deposit by 220 metres below the current resource model while confir...
Aurum Resources Accelerates Gold Growth in Côte d’Ivoire With 4.2Moz Portfolio
Apr 14, 2026
Aurum Resources has rapidly expanded its West African gold footprint, lifting total resources at its Boundiali and Napié projects in Côte d’Ivoire to an aggregate 4.2 million ounces. The company has underpinned this growth with a s...
Aurum Resources Issues 1 Million Unquoted Performance Rights
Apr 9, 2026
Aurum Resources Limited has notified the market of the issue of 1,000,000 unquoted performance rights, recorded under the ASX security code AUEAD. The new securities were issued on 9 April 2026 and represent part of the company’s equity-base...
Aurum Resources Clears 46.8 Million New Shares for Secondary Trading
Mar 27, 2026
Aurum Resources has issued 46,808,448 new fully paid ordinary shares following a strategic placement completed on 23 March 2026 and the conversion of unquoted options. The company has lodged a cleansing notice under section 708A of the Corporation...
Aurum Resources applies for ASX quotation of new shares
Mar 27, 2026
Aurum Resources Limited has applied for quotation of 208,448 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 27 March 2026. The additional securities arise from the exercise or conversion of existing opt...
Aurum Resources Seeks ASX Quotation for 46.6 Million New Shares
Mar 27, 2026
Aurum Resources Limited has applied for quotation on the ASX of 46.6 million new ordinary fully paid shares under code AUE, with an issue date of 27 March 2026. The move significantly increases the company’s quoted share base and may enhance...
Aurum Resources Plans Placement of Up to 48 Million New Shares
Mar 22, 2026
Aurum Resources Limited has lodged an Appendix 3B with the ASX outlining a proposed placement or similar capital raising involving up to 48 million new ordinary fully paid shares. The new securities, expected to be issued on 31 March 2026, signal ...
Aurum Resources Requests Trading Halt Ahead of Capital Raising
Mar 18, 2026
Aurum Resources Limited, an ASX-listed resources company based in Western Australia, focuses on developing its portfolio within the broader mining and exploration sector. While the announcement does not detail its specific assets or commodities, t...
Aurum Resources Releases Half-Year Financial Report for December 2025
Mar 13, 2026
Aurum Resources Limited, an Australian listed public company, maintains its corporate base at Unit 1/1 Centro Avenue in Subiaco, Western Australia. The firm is structured as a company limited by shares and is incorporated and domiciled in Australi...
Aurum Resources Clears 373,404 New Shares for Secondary Trading
Mar 6, 2026
Aurum Resources Limited has issued 373,404 fully paid ordinary shares following the conversion of quoted options, expanding its ordinary share capital base. The company has lodged a cleansing notice confirming these shares were issued without a pr...
Aurum Resources Seeks ASX Quotation for New Share Issue
Mar 6, 2026
Aurum Resources Limited has applied to the Australian Securities Exchange for quotation of 373,404 new ordinary fully paid shares under its AUE ticker. The shares, issued on 6 March 2026, arise from the exercise or conversion of existing options o...
Aurum boosts Napié drill results as Côte d’Ivoire gold inventory nears 4Moz
Mar 4, 2026
Aurum Resources has reported multiple broad, shallow, high-grade gold intercepts from ongoing diamond drilling at the 0.87Moz Napié Gold Project in Côte d’Ivoire, particularly at the Tchaga and Gogbala deposits. These results 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.