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Bellevue Gold Limited (AU:BGL)
ASX:BGL
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Bellevue Gold Limited (BGL) AI Stock Analysis

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AU:BGL

Bellevue Gold Limited

(Sydney:BGL)

Rating:51Neutral
Price Target:
AU$1.00
▲(8.70% Upside)
The overall stock score is primarily impacted by financial performance challenges, particularly in profitability and cash flow management. Technical analysis provides some positive momentum in the short term, but valuation concerns due to a negative P/E ratio weigh heavily on the stock's attractiveness.

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 gold exploration and development company focused on advancing its flagship Bellevue Gold Project located in Western Australia. The company operates within the mining sector, primarily engaged in the exploration, extraction, and development of gold resources. BGL aims to become a leading gold producer by leveraging its high-grade gold deposits and implementing efficient mining practices.
How the Company Makes MoneyBellevue Gold Limited generates revenue primarily through the exploration and development of gold resources, with plans to transition into production as the Bellevue Gold Project moves closer to operational status. The company aims to monetize its gold deposits by extracting and selling gold to the global market. Key revenue streams will include the sale of gold bullion and potentially entering into off-take agreements with larger mining companies or traders. Additionally, the company may benefit from strategic partnerships and joint ventures that could provide financial backing and technical expertise, aiding in the development of its mining operations.

Bellevue Gold Limited Financial Statement Overview

Summary
Bellevue Gold Limited shows revenue growth but struggles with profitability and cash flow. The balance sheet indicates moderate leverage, but negative return on equity and cash flow challenges hinder financial stability.
Income Statement
45
Neutral
Bellevue Gold Limited has shown a positive revenue growth rate of 7.24% in the latest year, indicating some growth potential. However, the company is struggling with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin has decreased from the previous year, reflecting challenges in maintaining cost efficiency.
Balance Sheet
60
Neutral
The company's debt-to-equity ratio has improved to 0.42, indicating a moderate level of leverage. However, the return on equity is negative, suggesting inefficiencies in generating returns for shareholders. The equity ratio is stable, reflecting a solid capital structure.
Cash Flow
40
Negative
Bellevue Gold Limited's cash flow situation is concerning, with negative free cash flow and a significant decline in free cash flow growth. The operating cash flow to net income ratio is positive, indicating some operational efficiency, but the negative free cash flow to net income ratio highlights cash management challenges.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue505.84M505.84M298.41M0.000.000.00
Gross Profit103.92M144.97M109.22M-1.57M-1.07M-841.00K
EBITDA59.17M-405.00K111.19M-22.99M-16.52M-11.95M
Net Income-45.89M-45.89M75.42M-24.79M-17.77M-12.24M
Balance Sheet
Total Assets1.25B1.25B934.75M629.65M369.62M242.00M
Cash, Cash Equivalents and Short-Term Investments151.59M151.59M48.69M64.72M117.47M94.09M
Total Debt342.29M342.29M307.76M130.23M1.01M1.11M
Total Liabilities424.93M424.93M375.11M202.11M19.09M21.33M
Stockholders Equity820.08M820.08M559.64M427.55M350.52M220.68M
Cash Flow
Free Cash Flow-55.92M-52.91M-96.63M-262.99M-111.49M-67.80M
Operating Cash Flow135.44M139.14M113.96M-13.28M-8.86M-5.55M
Investing Cash Flow-192.05M-185.30M-217.34M-249.72M-102.71M-57.37M
Financing Cash Flow160.29M149.07M87.34M210.22M137.36M133.14M

Bellevue Gold Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.92
Price Trends
50DMA
0.89
Positive
100DMA
0.91
Positive
200DMA
1.05
Negative
Market Momentum
MACD
<0.01
Negative
RSI
56.19
Neutral
STOCH
81.25
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BGL, the sentiment is Positive. The current price of 0.92 is above the 20-day moving average (MA) of 0.89, above the 50-day MA of 0.89, and below the 200-day MA of 1.05, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.19 is Neutral, neither overbought nor oversold. The STOCH value of 81.25 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BGL.

Bellevue Gold Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
AU$1.99B17.8327.46%14.01%331.24%
61
Neutral
$10.41B7.18-0.06%2.87%2.87%-36.73%
57
Neutral
AU$2.04B10.6397.13%88.71%541.56%
51
Neutral
AU$1.35B12.64-6.65%69.51%-153.68%
$983.87M104.441.55%
€1.06B-6.95%
39
Underperform
AU$1.21B-6.52%-29.27%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:BGL
Bellevue Gold Limited
0.92
-0.20
-17.86%
RMGGF
Resolute Mining
0.58
0.16
38.10%
AU:CYL
Catalyst Metals Limited
8.22
6.02
273.64%
AU:OBM
Ora Banda Mining
1.14
0.56
96.55%
DE:RKN
Pantoro Gold Limited
2.74
1.62
144.64%
AU:PDI
Predictive Discovery Limited
0.46
0.20
76.92%

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
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.Date of analysis: Sep 06, 2025