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Canyon Resources Limited
(Sydney:CAY)
Canyon Resources Limited (CAY) vs. iShares MSCI Australia ETF (EWA)
Canyon Resources Limited Business Overview & Revenue Model
Canyon Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -294.25K | -294.25K | -97.50K | -59.45K | -84.79K | -99.96K |
| EBITDA | -13.23M | -13.23M | -9.44M | -4.93M | -12.69M | -4.65M |
| Net Income | -12.66M | -20.18M | -9.54M | -4.99M | -12.78M | -4.75M |
Balance Sheet | ||||||
| Total Assets | 51.56M | 51.56M | 44.54M | 29.58M | 21.59M | 20.39M |
| Cash, Cash Equivalents and Short-Term Investments | 11.48M | 11.48M | 22.17M | 10.73M | 4.48M | 2.68M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 6.50M | 6.50M | 667.54K | 741.89K | 1.18M | 1.24M |
| Stockholders Equity | 45.06M | 45.06M | 43.87M | 28.84M | 20.40M | 19.14M |
Cash Flow | ||||||
| Free Cash Flow | -11.59M | -17.84M | -13.08M | -5.93M | -8.24M | -8.30M |
| Operating Cash Flow | -11.57M | -17.69M | -9.57M | -4.55M | -7.98M | -3.28M |
| Investing Cash Flow | -11.08M | -11.08M | -3.50M | -1.38M | -126.75K | -5.02M |
| Financing Cash Flow | 18.51M | 18.51M | 24.43M | 12.18M | 10.13M | 9.33M |
Canyon Resources Limited Technical Analysis
Canyon Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$421.64M | 3.12 | 145.87% | ― | 45.56% | ― | |
48 Neutral | AU$557.06M | -31.06 | -7.50% | ― | ― | 51.47% | |
47 Neutral | AU$398.86M | -26.37 | -179.67% | ― | -100.00% | -6.00% | |
46 Neutral | AU$388.16M | -9.06 | -90.12% | ― | ― | -98.20% | |
44 Neutral | AU$474.29M | -16.20 | -45.39% | ― | ― | -91.89% |
Canyon Resources Limited Corporate Events
Canyon Resources Limited has appointed Ernst & Young as its new external auditor, replacing HLB Mann Judd following a board-led review of the company’s audit arrangements and receipt of regulatory consent for the change. The switch to a Big Four firm is intended to better match Canyon’s increasing scale and complexity as it accelerates development toward initial bauxite production, signalling a strengthening of its governance and financial reporting framework ahead of a more operationally intensive phase, with formal ratification of the appointment to be sought at the next annual general meeting.
The most recent analyst rating on (AU:CAY) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Canyon Resources Limited stock, see the AU:CAY Stock Forecast page.
Canyon Resources has confirmed that development of its Minim Martap Bauxite Project in Cameroon is on schedule, with the surface miner already in-country and mining operations slated to begin in February 2026. Key logistics milestones are progressing, including the expected Q1 2026 delivery of locomotives and wagons, commencement of ore haulage from the Inland Rail Facility to the Port of Douala in Q2 2026, and a first bauxite shipment targeted for late June 2026. Supporting infrastructure work such as haul road upgrades, dredging of the access channel to the Port du Bois berth, and transhipping contract awards are advancing in line with the project timeline, while senior operational appointments have been made and the alumina refinery feasibility study has reached 45% completion, underscoring the company’s push toward near-term production and downstream growth.
The most recent analyst rating on (AU:CAY) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Canyon Resources Limited stock, see the AU:CAY Stock Forecast page.
Canyon Resources Limited has announced significant progress in the development of its Minim Martap Bauxite Project in Cameroon. The company is on schedule to commence mining operations in early 2026, with the first shipment of bauxite expected by June 2026. Key infrastructure developments, including the construction of an ore haulage access road and an Inland Rail Facility, are underway, with the project timeline remaining intact despite minor delays. The re-election of President Paul Biya has stabilized the political environment in Cameroon, facilitating a ‘business as usual’ approach for the project. This progress is crucial for Canyon’s strategic positioning in the bauxite industry and its stakeholders.
The most recent analyst rating on (AU:CAY) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Canyon Resources Limited stock, see the AU:CAY Stock Forecast page.
Canyon Resources Limited has announced a change in the director’s interest, specifically involving Mark Hohnen. Mr. Hohnen, through indirect interests, has exercised options to acquire 3 million ordinary shares, increasing his holdings in the company. This move reflects a strategic decision to consolidate his investment position, potentially signaling confidence in the company’s future prospects and operations.
The most recent analyst rating on (AU:CAY) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Canyon Resources Limited stock, see the AU:CAY Stock Forecast page.
Canyon Resources Limited has announced the issuance of 3,000,000 fully paid ordinary shares following the exercise of unquoted options by its Executive Chairman, Mark Hohnen. This move allows the new shares to be traded immediately under the exemption provided by section 708A(5) of the Corporations Act 2001, indicating compliance with necessary legal provisions and facilitating liquidity for shareholders.
The most recent analyst rating on (AU:CAY) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Canyon Resources Limited stock, see the AU:CAY Stock Forecast page.
Canyon Resources Limited has announced the issuance of 3,000,000 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code CAY. This move, resulting from the exercise of options or conversion of convertible securities, is expected to enhance the company’s capital structure and potentially improve its market positioning.
The most recent analyst rating on (AU:CAY) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Canyon Resources Limited stock, see the AU:CAY Stock Forecast page.
Canyon Resources Limited announced the successful outcome of all resolutions presented at its Annual General Meeting held on 25 November 2025. All resolutions were carried by a poll, reflecting strong shareholder support and potentially reinforcing the company’s strategic direction and governance structure.
The most recent analyst rating on (AU:CAY) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Canyon Resources Limited stock, see the AU:CAY Stock Forecast page.
Canyon Resources Limited has released a presentation concerning the feasibility and future prospects of its Minim Martap Bauxite Project. The announcement highlights the potential financial outcomes and strategic opportunities for the company, while also acknowledging the risks and uncertainties associated with the project’s development. Stakeholders are advised of the possible implications for the company’s market position and the need for careful consideration of investment decisions due to the inherent risks in mineral resource estimation and project financing.
The most recent analyst rating on (AU:CAY) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Canyon Resources Limited stock, see the AU:CAY Stock Forecast page.
Canyon Resources Limited has announced the issuance of 137,415,183 fully paid ordinary shares to its major shareholder, Eagle Eye Asset Holdings Pte Ltd, following the exercise of unquoted options. This transaction, amounting to A$9.6 million, allows the new shares to be traded immediately under the exemptions provided by the Corporations Act 2001, potentially enhancing liquidity and shareholder value.
The most recent analyst rating on (AU:CAY) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Canyon Resources Limited stock, see the AU:CAY Stock Forecast page.
Canyon Resources Limited has announced the quotation of 137,415,183 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 18, 2025. This move is part of the company’s efforts to enhance its capital structure and potentially improve its market positioning, which could have significant implications for its stakeholders and future operations.
The most recent analyst rating on (AU:CAY) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Canyon Resources Limited stock, see the AU:CAY Stock Forecast page.
Canyon Resources Limited has announced an update on its Minim Martap bauxite project in Cameroon, confirming that construction work is ongoing and the project remains on schedule despite minor delays due to post-election unrest in the country. The company is fully financed to reach Stage 1 production, with first bauxite shipments expected in the second quarter of 2026. The project is supported by a combination of debt and equity funding, and key equipment deliveries are on track for early 2026, ensuring the project’s development timeline remains unchanged.
The most recent analyst rating on (AU:CAY) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Canyon Resources Limited stock, see the AU:CAY Stock Forecast page.
Canyon Resources Limited has announced its Annual General Meeting, scheduled for 25 November 2025, at The Park Business Centre in West Perth, Australia. Shareholders are encouraged to lodge proxy forms in advance and can submit questions prior to the meeting. The company emphasizes the importance of reading the Notice of Meeting in full and offers assistance for obtaining necessary documents.
The most recent analyst rating on (AU:CAY) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Canyon Resources Limited stock, see the AU:CAY Stock Forecast page.
Canyon Resources Limited announced significant progress in its Minim Martap Bauxite Project, highlighting a Definitive Feasibility Study that confirms the project’s strong economic potential with a net present value of over US$830 million and an internal rate of return of 29%. The company has commenced construction on key infrastructure, including an Inland Rail Facility and ore haulage road upgrades, with the first bauxite shipment scheduled for Q2 2026. The company also completed a strategic funding package, raising approximately A$205 million, and welcomed new leadership with the appointment of Peter Secker as CEO.
The most recent analyst rating on (AU:CAY) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Canyon Resources Limited stock, see the AU:CAY Stock Forecast page.