Beacon Minerals Limited (AU:BCN)
ASX:BCN
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Beacon Minerals
(Sydney:BCN)
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Rating:46Neutral
Price Target:
AU$2.50
▼(-16.11% Downside)
Action:Reiterated
Date:05/21/26
The score is held down primarily by weak financial performance (loss-making margins and declining cash flow quality) and bearish technicals (below major moving averages with negative MACD). Low valuation (low P/E and positive yield) provides some support but does not offset the underlying profitability and cash generation risks.
Positive Factors
Pure-play gold producer
A focused business model selling produced gold gives the company straightforward, recurring revenue drivers tied to production volumes, ore grades and recoveries. This simplicity supports predictable operations and planning, and aligns incentives around operational execution and mine life extension.
Negative Factors
Negative profitability margins
Negative gross, EBIT and net margins show the company fails to convert revenue into sustainable profits, reflecting cost or recovery issues. Persisting margin deficits limit retained earnings, constrain reinvestment in mines, and make long-term growth dependent on operational fixes or cost reduction.
Read all positive and negative factors
Positive Factors
Negative Factors
Pure-play gold producer
A focused business model selling produced gold gives the company straightforward, recurring revenue drivers tied to production volumes, ore grades and recoveries. This simplicity supports predictable operations and planning, and aligns incentives around operational execution and mine life extension.
Read all positive factors
Beacon Minerals (BCN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$263.35M
Dividend YieldN/A
Average Volume (3M)99.55K
Price to Earnings (P/E)30.4
Beta (1Y)1.31
Revenue Growth78.18%
EPS GrowthN/A
CountryAU
Employees46
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.07
Shares Outstanding112,542,380
10 Day Avg. Volume133,972
30 Day Avg. Volume99,552
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)1.71K
Price to Sales (P/S)1226.44
P/FCF Ratio40.03K
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)0.11
Revenue Forecast (FY)AU$150.90M
Beacon Minerals Business Overview & Revenue Model
Company Description
Beacon Minerals Limited, together with its subsidiaries, engages in the mineral exploration, development, and production activities in Western Australia. The company holds a 100% interest in the Jaurdi gold project located to the northwest of Cool...
How the Company Makes Money
Beacon Minerals primarily makes money by producing and selling gold. Revenue is generated from the sale of gold (typically as doré) produced from mined ore that is processed through its operational and/or third-party processing arrangements, with ...
Beacon Minerals Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 134.39M | 92.73M | 82.90M | 72.30M | 71.16M | 73.73M |
| Gross Profit | 25.68M | -10.38M | 33.67M | 10.60M | 25.39M | 35.87M |
| EBITDA | 41.66M | 12.70M | 27.97M | 31.78M | 39.64M | 41.23M |
| Net Income | 8.09M | -14.00M | 9.19M | 5.22M | 14.83M | 20.28M |
Balance Sheet | ||||||
| Total Assets | 140.01M | 112.32M | 112.64M | 87.86M | 80.26M | 64.75M |
| Cash, Cash Equivalents and Short-Term Investments | 36.14M | 14.48M | 5.88M | 4.44M | 12.81M | 22.10M |
| Total Debt | 9.48M | 8.32M | 9.36M | 793.39K | 1.09M | 0.00 |
| Total Liabilities | 55.83M | 45.74M | 44.85M | 25.57M | 21.55M | 13.28M |
| Stockholders Equity | 84.17M | 66.59M | 67.79M | 62.29M | 58.71M | 51.47M |
Cash Flow | ||||||
| Free Cash Flow | 21.11M | 2.84M | 6.64M | -5.18M | -1.54M | 31.69M |
| Operating Cash Flow | 36.83M | 12.17M | 36.07M | 21.33M | 33.29M | 41.23M |
| Investing Cash Flow | -30.02M | -9.50M | -29.83M | -28.49M | -34.85M | -9.54M |
| Financing Cash Flow | -5.36M | 5.92M | -4.81M | -1.20M | -7.75M | -26.11M |
Beacon Minerals Technical Analysis
Negative
2.98
Price Trends
2.99
Negative
3.42
Negative
2.92
Negative
Market Momentum
-0.21
Positive
32.13
Neutral
26.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BCN, the sentiment is Negative. The current price of 2.98 is above the 20-day moving average (MA) of 2.66, below the 50-day MA of 2.99, and above the 200-day MA of 2.92, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 32.13 is Neutral, neither overbought nor oversold. The STOCH value of 26.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BCN.
Beacon Minerals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$279.13M | 6.61 | 16.50% | 3.30% | 22.05% | 256.19% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$242.92M | -114.52 | -8.87% | ― | ― | 99.23% | |
47 Neutral | AU$252.15M | -64.40 | -2.53% | ― | ― | 16.00% | |
46 Neutral | AU$263.35M | 30.41 | 10.73% | ― | 78.18% | ― | |
45 Neutral | AU$442.35M | -21.83 | -37.20% | ― | ― | -11.42% | |
42 Neutral | AU$389.77M | -3.25 | -33.09% | ― | 2076.67% | -0.61% |
* Basic Materials Sector Average
AU:BCN
Beacon Minerals
2.25
1.11
97.37%
AU:TGM
Theta Gold Mines
0.23
0.10
70.37%
AU:TBR
Tribune Resources Limited
5.57
0.85
17.93%
AU:AAR
Astral Resources NL
0.14
-0.04
-22.22%
AU:ASL
Mitre Mining Corporation Limited
2.12
1.10
106.83%
AU:BTR
Brightstar Resources Limited
0.35
-0.25
-41.67%
Beacon Minerals Corporate Events
Beacon Minerals Director Increases Shareholding Through Option Exercise
May 11, 2026
Beacon Minerals has reported a change in the holdings of director Graham McGarry following the exercise of listed options into ordinary fully paid shares. Through Lamerton Pty Ltd as trustee for Mac’s Super Fund, McGarry converted 347,480 li...
Beacon Minerals Seeks ASX Quotation for Additional Shares
May 11, 2026
Beacon Minerals has applied to the Australian Securities Exchange for quotation of 347,480 new fully paid ordinary shares, issued on May 8, 2026. The additional securities result from the exercise or conversion of existing options or other convert...
Beacon Minerals lifts throughput, builds cash as Lady Ida ramps up
Apr 30, 2026
Beacon Minerals reported March quarter gold production of 5,419 ounces at an all-in sustaining cost of A$4,484 per ounce, with mill throughput rising 7% and run‑of‑mine stockpiles reaching 566,000 tonnes. The company guided June quarte...
Beacon Minerals Director Increases Equity Stake Through Option Exercise
Apr 29, 2026
Beacon Minerals has reported a change in the interests of director Graham McGarry, following the exercise of listed options into ordinary fully paid shares. Through Lamerton Pty Ltd as trustee for Mac’s Super Fund, McGarry acquired 400,000 o...
Beacon Minerals Seeks ASX Quotation for Additional Ordinary Shares
Apr 29, 2026
Beacon Minerals Limited has applied for quotation on the ASX of 423,633 new ordinary fully paid shares, designated under the code BCN. The securities arise from the exercise or conversion of existing options or other convertible instruments, modes...
Beacon Minerals Director Increases Shareholding Through Option Exercise
Apr 21, 2026
Beacon Minerals has disclosed a change in the holdings of director Graham McGarry, detailing an adjustment to his direct and indirect interests in the company’s securities. The update reflects routine compliance with ASX listing rules requir...
Beacon Minerals Seeks ASX Quotation for 420,000 New Shares
Apr 21, 2026
Beacon Minerals Limited has applied to the ASX for quotation of 420,000 new ordinary fully paid shares, following the exercise or conversion of existing options or other convertible securities. The additional shares modestly increase the company&#...
Beacon Minerals boosts March quarter revenue with strong gold output and asset sales
Apr 15, 2026
Beacon Minerals reported March quarter production of 5,419 ounces of gold at its Jaurdi Gold Project, with 221,155 dry tonnes milled and a recovery rate of 86.5%. Gold sales totalled 3,600 ounces for receipts of $25.36 million at an average price ...
Beacon Minerals Lists Additional Shares Following Security Conversions
Apr 13, 2026
Beacon Minerals Limited has applied for quotation on the ASX of an additional 156 ordinary fully paid shares, issued on April 10, 2026, under its existing ticker BCN. The small issuance arises from the exercise or conversion of existing options or...
Beacon Minerals Sells Non-Core Mt Dimer Tenements to Streamline Portfolio
Apr 1, 2026
Beacon Minerals has completed the sale of its non-core Mt Dimer mining and exploration tenements in Western Australia to Forrestania Resources, receiving total consideration of A$200,000. The divested package includes the company’s 100% inte...
Beacon Minerals Completes MacPhersons Sale to Refocus on Lady Ida Gold Project
Mar 29, 2026
Beacon Minerals has completed the sale of its wholly owned subsidiary MacPhersons Reward Pty Ltd to Forrestania Resources, receiving $5 million in cash and 36 million Forrestania shares as consideration. The deal delivers immediate liquidity while...
Beacon Minerals Issues 250,000 New Unquoted Options
Mar 26, 2026
Beacon Minerals Limited has notified the market of the issuance of 250,000 unquoted options as part of its capital management activities. The options, exercisable at $4.19 and expiring on 24 March 2030, expand the company’s pool of unlisted ...
Beacon Minerals Plans Issue of 250,000 Unlisted Options
Mar 26, 2026
Beacon Minerals has notified the ASX of a proposed issue of 250,000 unlisted options as part of a placement or similar capital-raising structure. The options will have an exercise price of $4.19 and an expiry date of 24 March 2030, with the propos...
Beacon Minerals Drilling Confirms High-Grade Gold Potential at Iguana
Mar 16, 2026
Beacon Minerals has reported continued drilling success at its Iguana Deposit, with assay results from a further 192 reverse circulation holes totalling 34,062 metres confirming multiple high-grade gold intersections. The latest results indicate e...
Beacon Minerals Seeks Quotation for Small Parcel of New Shares
Mar 16, 2026
Beacon Minerals has applied for quotation of 7,000 new ordinary fully paid shares on the ASX, with an issue date of March 16, 2026. The small size of the share issuance suggests only a minor capital or equity structure adjustment, indicating limit...
Beacon Minerals Seeks ASX Quotation for Additional Shares
Mar 5, 2026
Beacon Minerals Limited has applied to the ASX for quotation of 30,816 additional ordinary fully paid shares, expanding its listed capital base. The new securities, issued on March 5, 2026, reflect conversions or exercises of existing options or o...
Beacon Minerals Files Interim Financial Report for Half Year to 31 December 2025
Feb 27, 2026
Beacon Minerals Limited has released its interim financial report for the half year ended 31 December 2025, outlining consolidated profit and loss, balance sheet, cash flows and changes in equity for the period. The document, presented as an Appen...
Beacon Minerals Seeks ASX Quotation for Additional Shares
Feb 25, 2026
Beacon Minerals Limited has applied to the ASX for quotation of 51,235 new fully paid ordinary shares, which were issued on 24 February 2026. The additional securities arise from the exercise or conversion of existing options or other convertible ...
Beacon launches maiden drilling campaign at Lady Ida’s Lizard gold project
Feb 23, 2026
Beacon Minerals has begun its maiden reverse circulation drilling campaign at the Lady Ida–Lizard project near Kalgoorlie, deploying a JBell Drilling rig to complete 2,200 metres targeting zones of high-grade gold mineralisation. The program...
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.