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Brightstar Resources Limited
(Sydney:BTR)
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Rating:42Neutral
Price Target:
AU$0.30
▼(-26.34% 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
Sustained, large revenue increases indicate strong demand or successful commercial scaling in the core gold business. Over 2–6 months this supports operational leverage, higher utilization of fixed assets, and gives management runway to focus on margin recovery and reinvestment into productive capacity.
Negative Factors
Persistent Unprofitability
Negative margins across profit measures indicate fundamental cost or pricing issues. Over months this erodes retained earnings, limits ability to self-fund growth, and increases reliance on external capital. Without margin recovery, long‑term viability and shareholder returns remain at risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained, large revenue increases indicate strong demand or successful commercial scaling in the core gold business. Over 2–6 months this supports operational leverage, higher utilization of fixed assets, and gives management runway to focus on margin recovery and reinvestment into productive capacity.
Read all positive factors
Brightstar Resources Limited (BTR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$389.77M
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$1.15Price Target Upside180.49% 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
0.41
Price Trends
0.35
Positive
0.40
Negative
0.46
Negative
Market Momentum
>-0.01
Negative
58.82
Neutral
73.29
Neutral
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 0.41 is above the 20-day moving average (MA) of 0.32, above the 50-day MA of 0.35, and below the 200-day MA of 0.46, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 58.82 is Neutral, neither overbought nor oversold. The STOCH value of 73.29 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$278.08M | 5.57 | 16.50% | 3.30% | 22.05% | 256.19% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$276.37M | -36.84 | -5.27% | ― | ― | 7.64% | |
50 Neutral | AU$715.94M | -115.58 | -2.31% | ― | ― | 41.89% | |
48 Neutral | AU$216.13M | -57.14 | -2.53% | ― | ― | 16.00% | |
43 Neutral | AU$267.52M | -2.59 | -288.35% | ― | ― | -587.58% | |
42 Neutral | AU$389.77M | -2.85 | -33.09% | ― | 2076.67% | -0.61% |
* Basic Materials Sector Average
AU:BTR
Brightstar Resources Limited
0.36
-0.10
-21.11%
AU:TBR
Tribune Resources Limited
5.30
0.67
14.57%
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Astral Resources NL
0.12
-0.04
-25.00%
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Saturn Metals Ltd.
0.51
0.13
32.89%
AU:POL
Polymetals Resources Ltd.
0.87
0.13
17.57%
AU:WC8
Wildcat Resources Ltd.
0.52
0.36
215.15%
Brightstar Resources Limited Corporate Events
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...
Brightstar posts record ore campaign as it clears debt and advances Goldfields plant
Apr 19, 2026
Brightstar Resources has completed the fifth and final processing campaign under its Ore Purchase Agreement with Genesis Minerals, achieving a record parcel of about 140,000 tonnes at 2.0 grams per tonne gold for approximately 7,900 ounces recover...
Aquirian wins $48m drill-and-blast deal at Brightstar’s Lord Byron mine
Apr 15, 2026
Aquirian’s subsidiary Drillforce WA has secured an initial three-year, approximately $48 million contract to provide all drilling and blasting and energetics services for Brightstar Resources’ Lord Byron open pit gold mine near Laverto...
Brightstar secures Aquirian drill-and-blast deal for Goldfields Hub open pits
Apr 15, 2026
Brightstar Resources has signed a strategic framework agreement with Aquirian Limited for the exclusive provision of drilling and energetics services across its Goldfields Hub open pit operations for an initial term of up to five years. Under this...
Brightstar retracts implied Sandstone production and growth targets from investor presentation
Apr 14, 2026
Brightstar Resources has moved to clarify and retract elements of a March investor presentation that may have been interpreted as production targets for its Sandstone project. The company said its previously disclosed evaluation of a 4–5Mtpa...
Brightstar Issues New Shares and Confirms Compliance with Disclosure Rules
Apr 8, 2026
Brightstar Resources has issued 75,000 fully paid ordinary shares on 8 April 2026 without a prospectus, relying on provisions that allow such placements under the Corporations Act. The company affirmed it is up to date with financial reporting and...
Brightstar Seeks Quotation for New Shares Issued Under Incentive Plan
Apr 8, 2026
Brightstar Resources Limited has applied to the ASX for quotation of 75,000 new ordinary fully paid shares issued under its Employee Securities Incentive Plan, which was approved at the company’s annual general meeting in November 2025. The ...
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.