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Brightstar Resources Limited
(Sydney:BTR)
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Rating:42Neutral
Price Target:
AU$0.30
▼(-6.88% Downside)
Action:Reiterated
Date:03/26/26
The score is primarily constrained by weak financial performance, with persistent losses and negative operating cash flow outweighing strong revenue growth. Technicals also remain unfavorable due to a clear downtrend, partially offset by oversold indicators. Valuation is not supportive because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Revenue Growth
Exceptionally strong reported revenue growth provides a materially larger operating base to scale the business. Over 2-6 months, a much higher revenue base can enable operating leverage, support investment in production or exploration, and improve the chance of moving toward profitability if cost control follows.
Negative Factors
Negative Profitability
The company is not converting revenue into profit across multiple margin measures, signalling structural cost or pricing issues. Persistent negative margins erode the ability to self-fund growth, require ongoing external capital, and raise questions about the sustainability of the business model over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Exceptionally strong reported revenue growth provides a materially larger operating base to scale the business. Over 2-6 months, a much higher revenue base can enable operating leverage, support investment in production or exploration, and improve the chance of moving toward profitability if cost control follows.
Read all positive factors
Brightstar Resources Limited (BTR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$351.34M
Dividend YieldN/A
Average Volume (3M)4.48M
Price to Earnings (P/E)―
Beta (1Y)1.81
Revenue Growth2076.67%
EPS Growth-0.61%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.12
Shares Outstanding1,097,937,600
10 Day Avg. Volume3,986,496
30 Day Avg. Volume4,481,561
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.13
Price to Sales (P/S)4.91
P/FCF Ratio-3.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.23Price Target Upside284.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.04
Revenue Forecast (FY)N/A
Brightstar Resources Limited Business Overview & Revenue Model
Company Description
Brightstar Resources Limited, along with its associated entities, is an Australian company primarily engaged in the exploration and development of mineral projects, with a strong emphasis on gold deposits. The firm maintains significant interests ...
How the Company Makes Money
null...
Brightstar Resources Limited Financial Statement Overview
Summary
Income Statement
20
Very Negative
Balance Sheet
35
Negative
Cash Flow
25
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 70.07M | 33.51M | 1.05M | 0.00 | 0.00 | 96.06K |
| Gross Profit | -44.19M | -26.71M | -14.63M | -309.47K | -462.00K | -236.00K |
| EBITDA | -42.16M | -37.59M | -13.60M | 2.27M | -2.53M | 1.01M |
| Net Income | -61.82M | -46.07M | -6.39M | 1.94M | -3.95M | 60.55M |
Balance Sheet | ||||||
| Total Assets | 326.02M | 220.22M | 110.18M | 39.33M | 15.02M | 10.81M |
| Cash, Cash Equivalents and Short-Term Investments | 23.04M | 11.66M | 7.96M | 425.71K | 1.60M | 985.04K |
| Total Debt | 42.01M | 30.97M | 2.63M | 1.17M | 643.64K | 645.64K |
| Total Liabilities | 98.56M | 74.05M | 41.10M | 5.91M | 10.38M | 8.48M |
| Stockholders Equity | 227.46M | 146.17M | 69.08M | 33.42M | 4.65M | 2.33M |
Cash Flow | ||||||
| Free Cash Flow | -54.57M | -54.85M | -8.62M | -3.41M | -3.92M | -1.70M |
| Operating Cash Flow | -23.31M | -30.93M | 130.32K | -798.24K | -1.39M | -844.13K |
| Investing Cash Flow | -32.35M | -28.17M | -11.17M | -2.46M | -2.53M | 4.04M |
| Financing Cash Flow | 57.44M | 62.80M | 18.58M | 2.08M | 4.54M | -2.26M |
Brightstar Resources Limited Technical Analysis
Positive
0.32
Price Trends
0.33
Positive
0.36
Positive
0.43
Negative
Market Momentum
<0.01
Negative
66.86
Neutral
91.31
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BTR, the sentiment is Positive. The current price of 0.32 is below the 20-day moving average (MA) of 0.33, below the 50-day MA of 0.33, and below the 200-day MA of 0.43, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 66.86 is Neutral, neither overbought nor oversold. The STOCH value of 91.31 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BTR.
Brightstar Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$518.67M | 1.91 | 79.54% | ― | 161.65% | 2191.43% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | AU$229.86M | -31.58 | -5.27% | ― | ― | 7.64% | |
49 Neutral | AU$289.67M | -0.04 | 10.73% | ― | 78.18% | ― | |
46 Neutral | AU$468.42M | -28.03 | -8.63% | ― | ― | 29.23% | |
42 Neutral | AU$351.34M | -2.77 | -33.09% | ― | 2076.67% | -0.61% |
* Basic Materials Sector Average
AU:BTR
Brightstar Resources Limited
0.40
-0.04
-10.23%
AU:BCN
Beacon Minerals
2.70
1.52
128.43%
AU:FML
Focus Minerals Ltd
1.85
1.47
386.84%
AU:AUC
Ausgold Limited
0.87
0.28
47.46%
AU:STN
Saturn Metals Ltd.
0.43
0.02
3.61%
Brightstar Resources Limited Corporate Events
Brightstar advances Goldfields build as liquidity and Sandstone drilling underpin growth
Jul 30, 2026
Brightstar Resources has approved the final investment decision for its Goldfields Project, securing all key regulatory approvals and signing an EPC contract with GR Engineering for a 1.5Mtpa Laverton processing plant. The project is now under con...
Brightstar to Brief Investors on Updated Sandstone Gold Resource
Jul 15, 2026
Brightstar Resources will host a live online investor briefing on 16 July 2026, led by Managing Director Alex Rovira, to discuss the updated mineral resource estimate for the Sandstone Gold Project. The session will outline how the revised resourc...
Brightstar Resources Announces Expiry of Unexercised Options
Jul 8, 2026
Brightstar Resources Limited has notified the market of the cessation of several classes of options that expired unexercised in late June and early July 2026. The expired tranches comprised a total of 1,368,878 options with exercise prices ranging...
Brightstar’s Sandstone drilling delivers high-grade hits ahead of resource update
Jul 7, 2026
Brightstar Resources has reported a suite of high-grade assay results from diamond and reverse circulation drilling across its Sandstone Gold Project, including the Achilles, Indomitable East, Bull Oak, Two Mile Hill, Whistler and Montague-Boulder...
Brightstar Resources Flags Lapse of Performance Rights in Capital Update
Jul 2, 2026
Brightstar Resources Limited has announced the lapse of 452,867 share performance rights after the conditions attached to these securities were not met or became incapable of being satisfied. The cessation of these rights reflects an adjustment to...
Brightstar advances Goldfields construction and locks in floor price for early gold output
Jul 1, 2026
Brightstar Resources has reported steady progress on construction of its Goldfields Project, with bulk earthworks advancing and the first concrete poured ahead of schedule for the carbon-in-leach tank footings at its planned 1.5Mtpa plant near Lav...
Brightstar performance rights lapse after vesting conditions unmet
Jun 23, 2026
Brightstar Resources Limited has notified the market that 2,095,609 share performance rights, trading under the code BTRAH, have lapsed after the conditions attached to these rights were not satisfied or became incapable of being met. The cessatio...
Brightstar Issues New Shares and Confirms Ongoing Regulatory Compliance
May 28, 2026
Brightstar Resources Limited has issued 165,600 fully paid ordinary shares without a prospectus, relying on provisions of the Corporations Act that allow such issuance without formal disclosure documentation. The company confirmed that it remains ...
Brightstar locks in May FID as Goldfields Project construction nears
May 21, 2026
Brightstar Resources says construction of its Goldfields Project is set to commence, with a final investment decision targeted for May 2026 alongside key regulatory approvals and the execution of an EPC contract with GR Engineering Services for th...
Brightstar hits high-grade gold as Sandstone drilling drives resource upgrade and PFS
May 5, 2026
Brightstar Resources has reported a suite of high-grade reverse circulation and diamond drilling results across multiple deposits at its 2.4Moz Sandstone Gold Project in Western Australia. The latest intercepts at Bull Oak, Vanguard, Indomitable E...
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.