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Bellevue Gold Limited (AU:BGL)
ASX:BGL

Bellevue Gold Limited (BGL) AI Stock Analysis

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AU

Bellevue Gold Limited

(Sydney:BGL)

Rating:54Neutral
Price Target:
Bellevue Gold Limited's stock is characterized by strong financial performance with impressive revenue and profit growth, yet challenged by short-term liquidity due to high capital expenditures. The technical analysis indicates bearish momentum but potential for rebound due to oversold conditions. The reasonable valuation based on the P/E ratio supports the stock's long-term potential, although the lack of dividend yield might deter income-focused investors.

Bellevue Gold Limited (BGL) vs. iShares MSCI Australia ETF (EWA)

Bellevue Gold Limited Business Overview & Revenue Model

Company DescriptionBellevue Gold Limited (BGL) is an Australian-based mining company focused on the exploration and development of gold properties. The company's primary asset is the Bellevue Gold Project, located in Western Australia, which is renowned for its high-grade gold deposits. Bellevue Gold Limited is committed to developing its project into a low-cost, high-margin gold operation, leveraging its expertise in mining and exploration to maximize shareholder value.
How the Company Makes MoneyBellevue Gold Limited generates revenue primarily through the discovery, extraction, and sale of gold. The company aims to monetize its high-grade gold resources by developing its Bellevue Gold Project into a profitable mining operation. Once production commences, Bellevue Gold will sell the extracted gold on the open market, generating revenue based on the prevailing gold prices. Key factors contributing to its earnings include the quality and quantity of gold deposits, efficient mining operations, and the global demand for gold. Additionally, partnerships with investors and strategic stakeholders can provide funding and support for the development and expansion of their mining operations.

Bellevue Gold Limited Financial Statement Overview

Summary
Bellevue Gold Limited has shown commendable progress with its recent financial performance, particularly in generating revenue and profit margins. While the company is effectively leveraging equity for growth and maintaining a balanced debt profile, the substantial capital investments required for expansion result in negative free cash flow. This suggests a focus on long-term growth, though it may temporarily affect liquidity.
Income Statement
65
Positive
Bellevue Gold has shown significant improvement in its income statement metrics. The gross profit margin stands at 36.59%, and the net profit margin is 25.28%, indicating a solid profitability foundation. The EBIT and EBITDA margins are 27.26% and 37.25% respectively. The company has demonstrated strong revenue growth, transitioning from zero revenue to $298.4 million, reflecting successful operational scaling.
Balance Sheet
60
Neutral
The balance sheet reveals a moderate Debt-to-Equity Ratio of 0.55, indicating balanced leverage. The Return on Equity (ROE) is 13.48%, showing decent profitability from shareholders' equity. The equity ratio of 59.85% indicates a strong equity position relative to total assets, though the company's debt levels have increased as it scales operations.
Cash Flow
50
Neutral
Cash flow metrics present a mixed picture. The operating cash flow to net income ratio is 1.51, suggesting efficient conversion of income into cash. However, the negative free cash flow of -$96.63 million and significant capital expenditures indicate ongoing investment phases, posing short-term liquidity challenges.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
471.68M298.41M0.000.000.000.00
Gross Profit
132.45M109.22M-1.57M-1.07M-841.00K-307.00K
EBIT
104.08M81.37M-26.65M-17.46M-12.79M-5.86M
EBITDA
147.61M111.19M-22.99M-16.52M-11.95M-5.38M
Net Income Common Stockholders
85.29M75.42M-24.79M-17.77M-12.24M-5.69M
Balance SheetCash, Cash Equivalents and Short-Term Investments
79.45M48.69M64.72M117.47M94.09M29.24M
Total Assets
1.03B934.75M629.65M369.62M242.00M106.74M
Total Debt
243.57M307.76M130.23M1.01M1.11M0.00
Net Debt
164.12M259.07M65.50M-116.46M-92.97M-24.24M
Total Liabilities
309.24M375.11M202.11M19.09M21.33M11.23M
Stockholders Equity
719.67M559.64M427.55M350.52M220.68M95.51M
Cash FlowFree Cash Flow
39.79M-96.63M-262.99M-111.49M-67.80M-39.75M
Operating Cash Flow
231.95M113.96M-13.28M-8.86M-5.55M-3.70M
Investing Cash Flow
-192.16M-217.34M-249.72M-102.71M-57.37M-40.44M
Financing Cash Flow
-4.56M87.34M210.22M137.36M133.14M48.62M

Bellevue Gold Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.94
Price Trends
50DMA
0.98
Negative
100DMA
1.09
Negative
200DMA
1.20
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
44.48
Neutral
STOCH
24.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BGL, the sentiment is Negative. The current price of 0.94 is above the 20-day moving average (MA) of 0.92, below the 50-day MA of 0.98, and below the 200-day MA of 1.20, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.48 is Neutral, neither overbought nor oversold. The STOCH value of 24.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BGL.

Bellevue Gold Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUEVN
81
Outperform
$18.04B26.1016.97%1.38%60.56%302.20%
AURMS
80
Outperform
$3.33B9.4026.42%2.75%54.37%310.22%
AUNST
78
Outperform
$30.01B25.4511.01%2.44%25.11%28.88%
AUGOR
76
Outperform
$3.65B25.4913.42%0.54%11.93%22.74%
AUBGL
54
Neutral
AU$1.38B12.5014.70%861.38%
AURSG
51
Neutral
$1.32B41.67-5.02%27.79%-144.05%
51
Neutral
$2.03B-1.13-21.36%3.65%2.87%-30.54%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:BGL
Bellevue Gold Limited
0.91
-0.97
-51.60%
AU:RSG
Resolute Mining
0.58
0.04
7.41%
AU:EVN
Evolution Mining
8.89
5.22
142.04%
AU:NST
Northern Star Resources Ltd
20.96
7.56
56.45%
AU:GOR
Gold Road Resources Ltd
3.38
1.80
114.47%
AU:RMS
Ramelius Resources Limited
2.83
1.04
58.45%

Bellevue Gold Limited Corporate Events

Bellevue Gold Limited Releases Investor Presentation
Apr 29, 2025

Bellevue Gold Limited has released a presentation for an investor site visit, emphasizing that the document is for informational purposes only and not an investment offer. The presentation outlines the company’s activities and current status, while disclaiming any responsibility for errors or omissions in the information provided.

Van Eck Associates Reduces Stake in Bellevue Gold Limited
Apr 29, 2025

Van Eck Associates Corporation has reduced its voting power in Bellevue Gold Limited from 6.56% to 5.49%, indicating a decrease in its substantial holding. This change in interest may impact Bellevue Gold’s shareholder dynamics and could influence the company’s market perception and investor relations.

Bellevue Gold Reports Positive Operating Cash Flow Amidst High Investment Outflows
Apr 28, 2025

Bellevue Gold Limited’s latest quarterly cash flow report reveals a net cash inflow from operating activities, indicating a positive operational performance. However, the company experienced a significant cash outflow in investing activities, primarily due to expenditures on property, plant, equipment, and mine properties in development, which may impact its short-term liquidity.

Bellevue Gold Aims for Increased Production and Cash Flow Amid Operational Adjustments
Apr 28, 2025

Bellevue Gold Limited announced its March 2025 quarterly report, highlighting a total gold production of 25,146 ounces and sales of 25,775 ounces at an average price of A$3,259 per ounce. Despite encountering lower-than-expected ore grades due to mining dilution and stope performance issues, the company has undertaken an operational review to enhance cash flow and reduce capital costs. Bellevue aims to increase production in the June 2025 quarter to 40,000-45,000 ounces and has revised its annual guidance to 129,000-134,000 ounces. The company completed a $156.5 million capital raising to close out hedge contracts and strengthen its balance sheet, with a focus on maximizing shareholder value through strategic reviews.

Vanguard Group Reduces Stake in Bellevue Gold Limited
Apr 27, 2025

Bellevue Gold Limited has announced that The Vanguard Group, Inc. and its controlled entities have ceased to be substantial holders in the company as of April 17, 2025. This change in substantial holding indicates a reduction in Vanguard’s voting power to 4.851%, which could impact Bellevue Gold’s shareholder dynamics and influence within the market.

Bellevue Gold’s Substantial Holder Increases Stake
Apr 24, 2025

Bellevue Gold Limited has experienced a change in the interests of its substantial holder, Yarra Capital Management Limited and its associated entities. The voting power of these entities has increased from 5.25% to 6.5692% as a result of recent acquisitions and disposals of shares. This change in substantial holding may influence the company’s governance and decision-making processes, potentially impacting its strategic direction and stakeholder interests.

Bellevue Gold Closes $110.8 Million Hedge Contracts to Boost Cash Flow
Apr 21, 2025

Bellevue Gold Limited has announced the closure of $110.8 million in near-term forward gold sale contracts, impacting its financial strategy by allowing gold production to be delivered into the spot market until December 2025. This move is expected to significantly increase free cash flow, strengthening the company’s balance sheet and providing improved capital management options, while the remaining hedge contracts will be managed according to their maturity dates.

Bellevue Gold Limited Announces Quotation of New Securities
Apr 17, 2025

Bellevue Gold Limited has announced the application for the quotation of 184,064,266 fully paid ordinary securities on the Australian Securities Exchange (ASX), scheduled for issue on April 22, 2025. This move is part of previously announced transactions and is expected to enhance the company’s financial position and liquidity, potentially impacting its market presence and stakeholder interests positively.

Bellevue Gold Limited to Quote 8.5 Million New Shares on ASX
Apr 17, 2025

Bellevue Gold Limited announced the issuance of 8,500,000 fully paid ordinary shares, which will be quoted on the Australian Securities Exchange (ASX) under the code BGL. This move is part of a previously announced transaction, potentially enhancing the company’s capital structure and supporting its ongoing development projects.

Bellevue Gold Limited Announces Proposed Securities Issue
Apr 16, 2025

Bellevue Gold Limited has announced a proposed issue of securities, specifically a non-pro rata offer under a disclosure document or product disclosure statement. This move is part of their strategy to raise capital, potentially impacting their operational capabilities and market positioning, as they continue to develop their gold resources.

Bellevue Gold Limited Issues Cleansing Prospectus to Enhance Share Liquidity
Apr 16, 2025

Bellevue Gold Limited has issued a Cleansing Prospectus to offer up to 10 shares at $1.40 each, aimed at raising $14. This move is intended to remove trading restrictions on the sale of shares issued by the company, reflecting a strategic step to enhance liquidity and marketability of its shares. The prospectus is a transaction-specific document, highlighting that the shares are speculative and available only to selected investors, emphasizing the company’s compliance with regulatory requirements.

Bellevue Gold Limited Resumes Trading with New Announcements
Apr 15, 2025

Bellevue Gold Limited’s trading suspension has been lifted as of April 15, 2025, following the release of key announcements regarding its FY25 production guidance update and a capital raising effort. This development is expected to have significant implications for the company’s operational momentum and financial health, potentially enhancing its market position and stakeholder confidence.

Bellevue Gold Limited Announces Proposed Securities Issue
Apr 14, 2025

Bellevue Gold Limited has announced a proposed issue of 8,500,000 fully paid ordinary securities, with the issue date set for April 22, 2025. This move is part of a placement or other type of issue, which could potentially impact the company’s capital structure and market positioning by increasing its available capital for operations or expansion.

Bellevue Gold Limited Announces Cessation of Performance Rights
Apr 8, 2025

Bellevue Gold Limited announced the cessation of 222,330 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This announcement may impact the company’s capital structure and could have implications for stakeholders regarding the company’s performance metrics and future strategic directions.

Bellevue Gold Faces Continued Suspension on ASX
Apr 4, 2025

Bellevue Gold Limited has announced a continuation of the suspension of its securities from quotation on the ASX. This suspension follows the company’s failure to lodge its FY25 production guidance update as anticipated, impacting its compliance with ASX Listing Rules. The suspension will remain until Bellevue Gold meets the necessary compliance requirements, affecting stakeholders’ ability to trade its securities.

Bellevue Gold Limited Extends Trading Suspension Amid Production Challenges
Apr 3, 2025

Bellevue Gold Limited has announced an update regarding the voluntary suspension of its trading shares, initially granted on 28 March 2025. The company is unable to provide its ‘Updated Production Guidance Announcement’ due to lower than anticipated gold production in the March 2025 quarter, which was affected by underperforming stopes and rapid mining rates leading to grade dilution. As a result, the company’s securities will remain suspended under ASX Listing Rule 17.3 until it can reasonably update the market on its production outlook.

Bellevue Gold Initiates Trading Halt Amid Production Review
Mar 26, 2025

Bellevue Gold Limited has requested a trading halt on its securities pending a review and verification process of its gold production outcomes from the Bellevue Gold Project. This review may lead to a downward adjustment in its production guidance for the fiscal year 2025, impacting the company’s operational forecasts and potentially affecting stakeholder expectations.

Van Eck Reduces Stake in Bellevue Gold Limited
Mar 26, 2025

Van Eck Associates Corporation has reduced its substantial holding in Bellevue Gold Limited, decreasing its voting power from 7.59% to 6.56%. This change in shareholding may impact Bellevue Gold’s market perception and influence the company’s strategic decisions, as Van Eck is a significant institutional investor.

Van Eck Associates Reduces Stake in Bellevue Gold
Mar 24, 2025

Van Eck Associates Corporation has reduced its voting power in Bellevue Gold Limited, a company focused on gold mining, from 9.06% to 7.59% as of March 19, 2025. This change in substantial holding may influence Bellevue Gold’s shareholder dynamics and could have implications for its market positioning and stakeholder interests.

Bellevue Gold Highlights Growth Potential in WA Asset
Feb 9, 2025

Bellevue Gold Limited has released a corporate presentation highlighting its real growth potential from its high-grade asset in Western Australia. The presentation underscores the company’s strategic plans and corporate objectives, with a focus on estimated resources and reserves, planned production, operating costs, and capital requirements. This announcement is significant for the company’s operations and its positioning within the gold mining industry, although investors are cautioned about the inherent risks and uncertainties associated with forward-looking statements.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.