Aurum Resources Limited (AU:AUE)
ASX:AUE
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Aurum Resources Limited
(Sydney:AUE)
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Rating:49Neutral
Price Target:
AU$0.51
▼(-6.91% Downside)
Action:ReiteratedDate:03/24/26
The score is primarily held back by weak operating results and heavy cash burn despite a strong, low-leverage balance sheet. Technicals are also unfavorable with price below major moving averages and negative MACD. A low P/E provides some valuation support, but not enough to offset the financial and momentum risks.
Positive Factors
Low leverage
Exceptionally low leverage provides durable financial flexibility for an exploration company, reducing refinancing risk and preserving optionality for staged project funding. This strength helps absorb exploration setbacks and supports funding future programs without urgent debt pressures.
Negative Factors
Large negative free cash flow
Very large negative free cash flow raises sustainable financing concerns for an explorer, increasing reliance on equity markets or partners. Over 2-6 months this elevates execution and dilution risk as the company must secure funds before projects mature or revenue grows materially.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Exceptionally low leverage provides durable financial flexibility for an exploration company, reducing refinancing risk and preserving optionality for staged project funding. This strength helps absorb exploration setbacks and supports funding future programs without urgent debt pressures.
Read all positive factors
Aurum Resources Limited (AUE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$221.71M
Dividend YieldN/A
Average Volume (3M)929.26K
Price to Earnings (P/E)8.7
Beta (1Y)2.31
Revenue GrowthN/A
EPS Growth4.04%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.02
Shares Outstanding403,117,800
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$1.55Price Target Upside181.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
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
Aurum Resources Limited is primarily an exploration-stage company, so it typically does not generate recurring operating revenue from selling products or services. Instead, its potential sources of funding and value realisation generally come from...
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
0.55
Price Trends
0.67
Negative
0.64
Negative
0.60
Negative
Market Momentum
-0.04
Positive
37.06
Neutral
47.71
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 0.55 is below the 20-day moving average (MA) of 0.63, below the 50-day MA of 0.67, and below the 200-day MA of 0.60, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 37.06 is Neutral, neither overbought nor oversold. The STOCH value of 47.71 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$1.45B | -16.47 | -10.87% | ― | ― | -90.48% | |
49 Neutral | AU$221.71M | 8.70 | -20.24% | ― | ― | 4.04% | |
49 Neutral | AU$484.29M | -1,529.11 | -22.54% | ― | ― | ― | |
47 Neutral | AU$380.42M | -3.48 | -10.21% | ― | 2.00% | 8.82% | |
45 Neutral | AU$57.99M | -2.12 | -18.67% | ― | ― | 53.31% | |
45 Neutral | AU$164.17M | -5.58 | -8.25% | ― | ― | -55.56% |
* Basic Materials Sector Average
AU:AUE
Aurum Resources Limited
0.55
0.20
54.93%
AU:A1G
African Gold Ltd.
0.86
0.76
790.63%
AU:LIN
Lindian Resources Limited
0.87
0.77
801.04%
AU:BSX
Blackstone Minerals Ltd
0.03
-0.05
-56.96%
AU:AGE
Alligator Energy Ltd
0.04
<0.01
8.82%
AU:ASM
Australian Strategic Materials Ltd
1.40
1.04
288.89%
Aurum Resources Limited Corporate Events
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 ...
Montage Gold Corp. Drops Below Substantial Holding in Aurum Resources
Feb 26, 2026
Aurum Resources has disclosed that Montage Gold Corp. and its associates have ceased to be substantial holders in the company as of 24 February 2026, under Section 671B of the Corporations Act. The change, formally notified by company secretary Ka...
Aurum Resources Reports Lapse of 1 Million Performance Rights
Feb 25, 2026
Aurum Resources Limited has notified the market of a change in its issued capital structure following the lapse of certain performance-based equity instruments. The update reflects the cessation of rights that were contingent on conditions that we...
Aurum Resources CEO Boosts Stake With 2 Million-Share Purchase
Feb 24, 2026
Aurum Resources has disclosed a change in the holdings of Managing Director Dr Caigen Wang, detailing an increase in his direct interest in the company’s fully paid ordinary shares. Wang acquired 2,000,000 additional shares at $0.72 per shar...
Aurum Resources Confirms Compliance on New Share Issue
Feb 24, 2026
Aurum Resources Limited has issued new shares without a disclosure document under the Corporations Act, relying on provisions that allow such an issue where certain conditions are met. The company states it is up to date with its financial reporti...
Aurum Resources Seeks ASX Quotation for 8.14 Million New Shares
Feb 24, 2026
Aurum Resources Limited has applied for quotation on the ASX of 8,140,000 new ordinary fully paid shares, with an issue date of 24 February 2026. The new securities result from the exercise or conversion of existing options or other convertible in...
Aurum Resources Cancels 500,000 Performance Rights After Conditions Lapse
Feb 24, 2026
Aurum Resources Limited has reported a change in its capital structure following the lapse of 500,000 performance rights. The rights, listed under ASX code AUEAD, ceased on 24 February 2026 after the conditions attached to them were not met or bec...
Aurum boosts Boundiali gold resource to 3Moz ahead of key PFS
Feb 22, 2026
Aurum Resources has lifted the Mineral Resource Estimate at its Boundiali Gold Project in Côte d’Ivoire to 3.03 million ounces of gold at 1.0 g/t, driven by a 49% increase in Indicated Resources to 1.37 million ounces following intensiv...
Aurum Resources Retracts Non-Compliant Gold Production Target
Feb 10, 2026
Aurum Resources Limited has retracted a previously stated production target of 450,000 ounces per annum that appeared in an investor presentation released on 10 February 2026. The company clarified that this figure was aspirational, conceptual in ...
Aurum accelerates West African gold push with resource growth and project consolidation
Feb 9, 2026
Aurum Resources has rapidly advanced its Côte d’Ivoire portfolio over 2024–2026 through aggressive drilling, resource growth and project consolidation at the Boundiali and Napié gold projects. The group has reported multiple ...
Aurum Resources Clears 810,555 New Shares for Secondary Trading
Feb 8, 2026
Aurum Resources has issued 810,555 fully paid ordinary shares following the conversion of unquoted options, modestly increasing its share capital base. The company has lodged a cleansing notice under section 708A of the Corporations Act, confirmin...
Aurum Resources Seeks ASX Quotation for 810,555 New Shares
Feb 8, 2026
Aurum Resources Limited has applied to the ASX for quotation of 810,555 new ordinary fully paid shares, to be issued on 9 February 2026. The additional securities, arising from exercised options or converted instruments, modestly expand the compan...
Aurum Resources Extends High-Grade Gold at Boundiali, Sets Up Major Resource and Study Updates
Feb 4, 2026
Aurum Resources has reported new high-grade gold intercepts from its 100,000m diamond drilling campaign at the 2.41Moz Boundiali Gold Project in Côte d’Ivoire, confirming a 150m depth extension of mineralisation at the BDT3 deposit and ...
Aurum Resources Lifts Indicated Gold Resources and Ramps Up Côte d’Ivoire Development
Jan 28, 2026
Aurum Resources reported a strong December quarter marked by substantial drilling progress and resource upgrades at its flagship Boundiali Gold Project (2.41Moz) and Napié Gold Project (0.87Moz) in Côte d’Ivoire. At Boundiali, infi...
Aurum Resources Extends High-Grade Gold at Boundiali’s BMT3 Deposit
Jan 27, 2026
Aurum Resources has reported further high-grade gold assay results from infill and step-back diamond drilling at the BMT3 deposit within its 2.41-million-ounce Boundiali Gold Project in Côte d’Ivoire, confirming multiple strong intercep...
Aurum Resources Issues New Shares Following Option Conversions
Jan 21, 2026
Aurum Resources Limited has issued 861,111 fully paid ordinary shares following the conversion of quoted and unquoted options, expanding its share capital base. The company has lodged a cleansing notice under section 708A(5)(e) of the Corporations...
Aurum Resources Seeks ASX Quotation for 861,111 New Shares
Jan 21, 2026
Aurum Resources Limited has applied to the Australian Securities Exchange for the quotation of 861,111 new ordinary fully paid shares under its ASX code AUE. The issuance of these additional securities, arising from the exercise or conversion of e...
Aurum Resources Names Richard Simpson as Non-Executive Chairman in Board Reshuffle
Jan 15, 2026
Aurum Resources has appointed veteran investment banker Richard Simpson as its new Non-Executive Chairman, effective 2 February 2026, with current Chairman Troy Flannery transitioning to a Non-Executive Director role. To align Simpson’s ince...
Aurum Resources Grants Performance-Linked Rights to New Director Richard Simpson
Jan 15, 2026
Aurum Resources Limited has appointed Richard Simpson as a director effective 2 February 2026, and has outlined his initial interests in the company’s securities. Simpson, via Lexton Holdings Pty Ltd as trustee for the Simpson Trust, holds a...
Aurum Resources Issues New Performance Rights and Options
Jan 15, 2026
Aurum Resources Limited has notified the Australian Securities Exchange of the issue of new unquoted equity securities, consisting of 8 million performance rights and 3 million performance options. The issuance, completed on 15 January 2026, forms...
Aurum Resources Strikes High-Grade Gold at Boundiali’s BDT2 Deposit in Côte d’Ivoire
Jan 14, 2026
Aurum Resources has reported a series of shallow, high-grade gold intercepts from infill and step-back diamond drilling at the BDT2 deposit within its 2.41Moz Boundiali Gold Project in Côte d’Ivoire, confirming multiple significant zone...
Aurum Resources Seeks ASX Quotation for 170,000 New Shares
Jan 9, 2026
Aurum Resources Limited has applied to the ASX for quotation of 170,000 new ordinary fully paid shares, effective 9 January 2026, following the exercise or conversion of existing options or other convertible securities. The modest increase in quot...
Aurum files three mining licence applications to push Boundiali gold project toward development
Jan 6, 2026
Aurum Resources has lodged three mining exploitation licence applications covering the full 572.67km² footprint of its Boundiali Gold Project in Côte d’Ivoire, marking a shift from pure exploration toward potential development of a...
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.