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Bellevue Gold Limited (AU:BGL)
ASX:BGL

Bellevue Gold Limited (BGL) AI Stock Analysis

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AU:BGL

Bellevue Gold Limited

(Sydney:BGL)

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Neutral 53 (OpenAI - 4o)
Rating:53Neutral
Price Target:
AU$1.50
▼(-12.28% Downside)
The overall stock score reflects a mix of positive technical momentum and significant financial challenges. The bullish technical indicators are offset by poor valuation metrics and financial performance, particularly in profitability and cash flow management.
Positive Factors
Revenue Growth
The company has demonstrated a positive revenue growth rate of 7.24%, indicating potential for expansion as it moves towards production.
Moderate Leverage
A moderate debt-to-equity ratio suggests a balanced approach to financing, providing flexibility for future investments and growth.
Operational Efficiency
Positive operational cash flow relative to net income suggests efficient management of core business operations, supporting long-term sustainability.
Negative Factors
Profitability Challenges
Negative profitability metrics indicate challenges in cost management and revenue generation, impacting long-term financial health.
Cash Flow Issues
Negative free cash flow highlights difficulties in covering operational and capital expenses, potentially limiting growth and investment capacity.
Decreased Gross Profit Margin
A declining gross profit margin suggests rising costs or pricing pressures, which could erode profitability if not addressed.

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

Bellevue Gold Limited Business Overview & Revenue Model

Company DescriptionBellevue Gold Limited, together with its subsidiaries, engages in the exploration and evaluation of gold properties in Australia. It holds a 100% interest in the Bellevue gold project covering an area of approximately 2,700 km2 located to north-west of Kalgoorlie, Western Australia; the Yandal gold project covering an area of 867 km2 in Western Australia; and the Kathleen Valley gold project located in Western Australia. The company was formerly known as Draig Resources Limited and changed its name to Bellevue Gold Limited in July 2018. Bellevue Gold Limited was incorporated in 2004 and is based in West Perth, Australia.
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, yet the negative return on equity and cash flow issues highlight financial instability.
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-11.40M
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 Price1.71
Price Trends
50DMA
1.32
Positive
100DMA
1.16
Positive
200DMA
1.07
Positive
Market Momentum
MACD
0.12
Negative
RSI
77.74
Negative
STOCH
85.47
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 1.71 is above the 20-day moving average (MA) of 1.47, above the 50-day MA of 1.32, and above the 200-day MA of 1.07, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 77.74 is Negative, neither overbought nor oversold. The STOCH value of 85.47 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
78
Outperform
AU$2.97B15.7497.13%88.71%541.56%
69
Neutral
AU$2.00B16.6427.46%14.01%331.24%
62
Neutral
AU$1.97B34.7112.22%55.73%
62
Neutral
AU$2.73B151.761.55%42.75%-5.56%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
53
Neutral
AU$2.50B-48.86-6.65%69.51%-153.68%
39
Underperform
AU$1.94B-143.40-6.52%-29.27%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:BGL
Bellevue Gold Limited
1.71
0.59
52.68%
AU:RSG
Resolute Mining
1.29
0.89
222.50%
AU:CYL
Catalyst Metals Limited
7.67
5.07
195.00%
AU:OBM
Ora Banda Mining
1.56
0.88
129.41%
AU:PNR
Pantoro Gold Limited
5.03
3.50
228.76%
AU:PDI
Predictive Discovery Limited
0.76
0.52
216.67%

Bellevue Gold Limited Corporate Events

Bellevue Gold Director’s Interest Update: New Performance Rights Issued
Nov 27, 2025

Bellevue Gold Limited announced a change in the director’s interest, with Darren Stralow acquiring 1,365,160 Class AU performance rights as part of an employee incentive scheme. This issuance, approved at the company’s annual general meeting, reflects Bellevue Gold’s commitment to aligning management incentives with shareholder interests, potentially impacting the company’s operational strategies and stakeholder engagement.

Bellevue Gold’s 2025 Modern Slavery Statement: A Commitment to Ethical Practices
Nov 27, 2025

Bellevue Gold Limited has released its Modern Slavery Statement for 2025, highlighting its commitment to addressing modern slavery risks within its operations and supply chain. The company outlines its efforts in human rights policy, ethics, and integrity, and details its collaboration with industry peers to mitigate these risks. This announcement underscores Bellevue Gold’s dedication to ethical practices and its proactive approach in safeguarding human rights, which may enhance its reputation and stakeholder trust.

Bellevue Gold Resumes High-Grade Development and Strengthens Leadership
Nov 26, 2025

Bellevue Gold Limited has announced the resumption of development at its high-grade Deacon North area, which is expected to significantly enhance production from FY27 onwards. The company is on track to meet its forecasted ore grade increases, with the Deacon North area set to become a key source of high-grade material. Additionally, Bellevue has appointed Shaun Hackett as Chief Geologist, bringing extensive experience to support the company’s production and exploration strategies.

Bellevue Gold Limited Successfully Passes All AGM Resolutions
Nov 20, 2025

Bellevue Gold Limited announced that all resolutions presented at its Annual General Meeting were successfully passed. This includes the re-election and election of directors, approval of the Employee Securities Incentive Plan, and ratification of prior share issues, which collectively strengthen the company’s governance and operational framework, potentially enhancing its market position and stakeholder confidence.

Bellevue Gold Expands with New Modern Mine
Nov 19, 2025

Bellevue Gold Limited has announced the development of a new, modern mine with increasing production capabilities. This strategic move is expected to enhance the company’s operational capacity and strengthen its position in the gold mining sector, potentially benefiting stakeholders through increased output and efficiency.

Bellevue Gold Limited Issues New Securities to Enhance Capital Structure
Nov 18, 2025

Bellevue Gold Limited announced the issuance of 28,837 fully paid ordinary securities as part of their unquoted equity securities conversion. This move is part of the company’s ongoing efforts to manage its capital structure and optimize its financial operations, potentially impacting its market positioning and shareholder value.

Bellevue Gold Limited Issues New Equity Securities
Nov 11, 2025

Bellevue Gold Limited has announced the issuance and conversion of unquoted equity securities, resulting in the transfer of 201,318 fully paid ordinary shares. This move is part of the company’s ongoing efforts to manage its equity structure and enhance its financial flexibility, potentially impacting its market positioning and shareholder value.

Bellevue Gold Extends Mining Contract with Develop Global
Oct 27, 2025

Bellevue Gold Limited has extended its mining contract with Develop Global Limited for the Bellevue Gold Mine until July 2026, ensuring continued operational stability and increased production. The company plans to conduct a competitive tender process for future contracts to maintain strong production performance and cost efficiency.

Fourth Sail Capital Ceases Substantial Holding in Bellevue Gold
Oct 23, 2025

Bellevue Gold Limited has announced that Fourth Sail Capital US LP has ceased to be a substantial holder in the company as of October 20, 2025. This change in substantial holding could impact Bellevue Gold’s shareholder composition and voting power dynamics, potentially influencing future strategic decisions and stakeholder interests.

Bellevue Gold Reports Strong September Quarter, Exceeds Targets
Oct 22, 2025

Bellevue Gold Limited reported a strong September 2025 quarter, exceeding internal production and financial targets. The company produced 29,120 ounces of gold, with sales totaling 29,670 ounces at an average price of A$4,443 per ounce. The company’s operations are well-positioned for increased production through FY26, supported by strong underground development rates and grade control drilling results. Bellevue has also strengthened its financial position by reducing hedge book commitments and increasing cash reserves. Additionally, the company has made strategic leadership appointments to enhance its operational capabilities.

Bellevue Gold Limited Issues New Securities Amid Strategic Financial Moves
Oct 20, 2025

Bellevue Gold Limited has announced the issuance of 53,781 ordinary fully paid securities as of October 17, 2025. This move involves the conversion of unquoted options or other convertible securities, potentially impacting the company’s capital structure and signaling strategic financial maneuvers to stakeholders.

Bellevue Gold Highlights Growth at Citi Resources Conference
Oct 13, 2025

Bellevue Gold Limited presented at the Citi Resources Conference, highlighting its modern mining operations and increasing production capabilities. The announcement underscores Bellevue’s commitment to excellence and growth, potentially strengthening its position in the gold mining sector and offering promising implications for stakeholders.

Bellevue Gold Limited Issues New Securities to Bolster Market Position
Oct 13, 2025

Bellevue Gold Limited announced the issuance of 55,002 fully paid ordinary securities as part of its recent corporate actions. This move reflects the company’s ongoing efforts to manage its equity structure and could potentially impact its market positioning by enhancing liquidity and shareholder value.

Bellevue Gold Limited Announces 2025 AGM with Eco-Friendly Approach
Oct 7, 2025

Bellevue Gold Limited has announced its Annual General Meeting (AGM) scheduled for November 20, 2025, at the Intercontinental Perth City Centre. In an effort to reduce environmental impact, the company will not send hard copies of the meeting notice unless specifically requested by shareholders. The notice can be accessed online, and shareholders are encouraged to vote either in person, by proxy, or through an authorized representative. This move reflects the company’s commitment to sustainability and modernizes its communication with stakeholders.

Bellevue Gold Limited Announces Upcoming Annual General Meeting
Oct 7, 2025

Bellevue Gold Limited has announced its Annual General Meeting, scheduled for November 20, 2025, in Perth, Western Australia. Key agenda items include the consideration of the company’s annual report, the adoption of the remuneration report, and the re-election and election of directors, which could influence the company’s governance and strategic direction.

Bellevue Gold Surpasses Production Expectations and Strengthens Financial Position
Oct 6, 2025

Bellevue Gold Limited reported a strong development quarter for September 2025, surpassing expectations in decline development and gold production. The company poured 29.95koz of gold, exceeding internal budgets, and achieved a metallurgical recovery rate of 95.6%. Bellevue is on track to meet its FY26 production guidance of 130–150koz as it transitions to higher-grade mining areas. The company’s financial position strengthened with a free cash flow of approximately $33 million, allowing it to reduce forward gold sales commitments by 9,500 ounces, thus increasing future exposure to spot gold prices. Cash and gold reserves rose to A$156 million, with debt remaining stable at $100 million, and no mandatory repayments due until 2027.

Bellevue Gold Limited Issues New Equity Securities
Oct 3, 2025

Bellevue Gold Limited announced the issuance and conversion of unquoted equity securities, specifically 28,194 ordinary fully paid securities as of October 2, 2025. This move reflects the company’s ongoing efforts to manage its equity structure, potentially impacting its financial standing and stakeholder interests.

Bellevue Gold Limited Issues New Securities to Bolster Market Position
Sep 25, 2025

Bellevue Gold Limited has announced the issuance of 77,574 new ordinary fully paid securities as of September 22, 2025. This move reflects the company’s ongoing efforts to manage its equity and potentially support its financial strategies, which may influence its market positioning and stakeholder interests.

Bellevue Gold Highlights Modern Mine at Colorado Conference
Sep 9, 2025

Bellevue Gold Limited has presented at the Colorado Gold Conferences, highlighting its new, modern mine with increasing production capabilities. This development is expected to enhance the company’s operational capacity and strengthen its position in the gold mining industry, potentially benefiting stakeholders by increasing the company’s market presence and production output.

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: Nov 28, 2025