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Cobre Limited
(Sydney:CBE)
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Rating:44Neutral
Price Target:
AU$0.23
▼(-10.38% Downside)
Action:Reiterated
Date:07/29/26
The score is primarily held back by weak financial performance driven by inconsistent revenue, persistent net losses, and negative operating/free cash flow, despite a debt-free balance sheet. Technicals also contribute negatively due to the price trading below key short-term moving averages. Valuation provides limited support because the negative P/E reflects ongoing losses and there is no dividend yield data.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure and rising equity materially reduce financial risk and preserve optionality for a junior explorer. Over the next 2-6 months this balance-sheet strength supports continued drilling and target evaluation without interest burdens, improving the company's ability to finance programs via equity or partnerships rather than service debt.
Negative Factors
Inconsistent or negligible revenue
An absence of stable operating revenue undermines prospects for self-sufficiency and forces recurring reliance on external capital. Over months this raises execution risk, increases likelihood of dilution or paused programs if markets tighten, and weakens the firm's ability to demonstrate project economics to partners or acquirers.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure and rising equity materially reduce financial risk and preserve optionality for a junior explorer. Over the next 2-6 months this balance-sheet strength supports continued drilling and target evaluation without interest burdens, improving the company's ability to finance programs via equity or partnerships rather than service debt.
Read all positive factors
Cobre Limited (CBE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$314.12M
Dividend YieldN/A
Average Volume (3M)1.16M
Price to Earnings (P/E)―
Beta (1Y)1.78
Revenue GrowthN/A
EPS Growth-102.94%
CountryAU
Employees12
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,208,165,500
10 Day Avg. Volume969,917
30 Day Avg. Volume1,164,495
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)0.48
Price to Sales (P/S)0.00
P/FCF Ratio-8.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.35Price Target Upside34.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Cobre Limited Business Overview & Revenue Model
Company Description
Cobre Limited is primarily involved in the identification and assessment of mineral resources, particularly seeking deposits of copper, gold, silver, and zinc. The company fully owns the Perrinvale project, an area spanning approximately 381 squar...
How the Company Makes Money
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Cobre Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 758.60K | 0.00 | ― | 25.70K |
| Gross Profit | -29.48K | -26.11K | 758.60K | -1.40K | -1.34K | -1.50K |
| EBITDA | -3.59M | -2.10M | -1.63M | -1.45M | -1.46M | -2.69M |
| Net Income | -3.13M | -2.12M | -2.39M | -1.74M | -5.39M | -2.75M |
Balance Sheet | ||||||
| Total Assets | 50.59M | 42.70M | 31.51M | 31.50M | 18.68M | 18.26M |
| Cash, Cash Equivalents and Short-Term Investments | 7.17M | 4.59M | 980.63K | 5.76M | 2.73M | 8.15M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 1.88M | 532.06K |
| Total Liabilities | 8.74M | 6.80M | 928.24K | 726.59K | 2.28M | 1.21M |
| Stockholders Equity | 41.85M | 35.90M | 30.58M | 30.77M | 12.88M | 17.05M |
Cash Flow | ||||||
| Free Cash Flow | -2.49M | -2.12M | -6.64M | -9.98M | -2.28M | -3.33M |
| Operating Cash Flow | -2.38M | -2.01M | -1.34M | -2.06M | -1.20M | -1.17M |
| Investing Cash Flow | -8.44M | -5.74M | -5.61M | -9.58M | -5.62M | -3.07M |
| Financing Cash Flow | 15.30M | 11.35M | 2.16M | 14.67M | 1.41M | 5.21M |
Cobre Limited Technical Analysis
Positive
0.26
Price Trends
0.30
Negative
0.24
Positive
0.19
Positive
Market Momentum
-0.01
Positive
44.83
Neutral
29.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CBE, the sentiment is Positive. The current price of 0.26 is below the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.30, and above the 200-day MA of 0.19, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 44.83 is Neutral, neither overbought nor oversold. The STOCH value of 29.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CBE.
Cobre Limited Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
45 Neutral | AU$237.23M | -28.87 | -6.73% | ― | -100.00% | 0.70% | |
44 Neutral | AU$314.12M | -37.68 | -8.06% | ― | ― | -102.94% | |
42 Neutral | AU$107.83M | 173.33 | -13.42% | ― | -100.00% | -275.00% | |
42 Neutral | AU$39.35M | -1.04 | 432.54% | ― | ― | 64.76% | |
40 Underperform | AU$352.57M | -6.61 | -50.73% | ― | ― | -79.69% | |
37 Underperform | AU$47.19M | -3.98 | -29.24% | ― | ― | -43.78% |
* Basic Materials Sector Average
AU:CBE
Cobre Limited
0.27
0.23
562.50%
AU:SGQ
St. George Mining Ltd.
0.08
0.04
97.37%
AU:CUF
CuFe Limited
0.05
0.04
381.82%
AU:BML
Boab Metals Ltd
0.44
0.27
163.64%
AU:AW1
American West Metals Ltd.
0.03
>-0.01
-22.50%
AU:COD
Coda Minerals Ltd
0.13
0.05
56.25%
Cobre Limited Corporate Events
Cobre Turns Cash-Flow Positive at Sierra Atacama and Accelerates Copper Growth Strategy
Jul 29, 2026
Cobre Limited reported a strong June quarter at its Sierra Atacama Copper Project in Chile, delivering positive operating cash flow of US$1.618 million and producing 879 tonnes of copper cathode, with leach recoveries reaching a record 76 percent....
Cobre Reaffirms Ngami Copper Exploration Target and ISCR Strategy
Jul 24, 2026
Cobre Limited has updated investors on the exploration target parameters for its Ngami Copper Project in Botswana, reiterating previously disclosed tonnage and grade ranges and confirming that no material changes have occurred since the August 202...
Cobre advances Botswana copper projects with Equinor and BHP collaborations
Jul 22, 2026
Cobre Limited has reported significant progress across its Botswana portfolio, highlighting work at the Ngami Copper Project and Okavango Copper Project in the Kalahari Copper Belt. The company has signed a collaboration agreement with Equinor to ...
Cobre Launches Quarterly Investor Conference Call for June 2026 Update
Jul 22, 2026
Cobre Limited will host its inaugural quarterly investor conference call on 29 July 2026, providing shareholders and investors with a detailed update on activities and achievements for the quarter ended 30 June 2026. The call, led by senior manage...
Cobre Advances Sierra Atacama Copper Growth Strategy
Jul 14, 2026
Cobre Limited has provided an update on its Sierra Atacama acquisition, highlighting the project as a producing copper asset with scope to boost output via operational optimisation. The company is positioning the mine as an immediate cashflow plat...
Cobre Director Martin Holland Lifts Indirect Stake With On-Market Share Purchase
Jul 13, 2026
Cobre Limited has disclosed a change in director Martin Holland’s indirect interest, after his related entity Holland International Pty Ltd purchased 376,117 shares on market. The acquisition, worth about $99,666 at an average price of $0.26...
Cobre Director David McNeilly Increases Shareholding Through On-Market Purchase
Jul 13, 2026
Cobre Limited has disclosed a change in director David Michael McNeilly’s holdings, reporting an on-market purchase of 75,000 additional shares on 13 July 2026. The transaction was executed at prices of $0.265 for 15,000 shares and $0.27 for...
Cobre Limited Plans Major Share Placement of Up to 300 Million Shares
Jul 9, 2026
Cobre Limited has notified the ASX of a proposed placement involving the issue of up to 300 million ordinary fully paid shares. The new securities are scheduled for issue on 16 July 2026, reflecting a significant capital raising initiative that ma...
Cobre Raises A$90m to Fast-Track Sierra Atacama Copper Expansion
Jul 9, 2026
Cobre Limited has completed commitments for a two-tranche A$90 million equity placement at A$0.30 per share, cornerstoned by major shareholders Tribeca Investment Partners and Strata Investment Holdings, and strongly supported by global resource-f...
Cobre lifts stake and tightens grip on Chile’s Sierra Atacama copper project
Jul 7, 2026
Cobre Limited has moved to strengthen its control over the Sierra Atacama Copper Project in Chile, amending key investment agreements to support a USD 12 million capital raise by Sierra Atacama SpA. Through the issue of convertible non-voting pref...
Cobre Limited to List Additional Ordinary Shares on ASX
Jul 3, 2026
Cobre Limited has lodged an application with the ASX for quotation of 911,026 new ordinary fully paid shares. The securities, issued on July 3, 2026, will be listed under the company’s existing CBE code, modestly increasing its free float an...
Cobre Charts Resource Growth and Open Pit Expansion at Sierra Atacama
Jun 30, 2026
Cobre Limited has outlined a comprehensive work programme at its Sierra Atacama copper operations in Chile, centred on converting its NI 43-101 resource into a JORC-compliant Mineral Resource Estimate. The company has completed validation assays, ...
Cobre Expands Sierra Atacama Footprint with District-Scale Copper Concessions
Jun 28, 2026
Cobre Limited has entered into a binding option agreement to acquire 100% of 25 mining concessions totaling 6,820 hectares, immediately adjacent to its Sierra Atacama Copper Project in northern Chile. The staged acquisition significantly expands C...
Cobre Limited Corrects Figures in ASX Securities Quotation Update
Jun 23, 2026
Cobre Limited has corrected an error in a prior application for quotation of securities, clarifying that only 46,154 CBEAR options were exercised rather than the previously stated 123,077. As a result, the company now reports 965,507,951 CBE share...
Cobre to Release 79 Million Escrowed Shares, Ending Restrictions
Jun 22, 2026
Cobre Limited has announced that 79,039,555 shares will be released from voluntary escrow on 30 June 2026, in line with ASX Listing Rule 3.10A. These shares were issued to related parties of Tribeca Investment Partners as part of the second tranch...
Cobre Limited Seeks ASX Quotation for Additional Ordinary Shares
Jun 19, 2026
Cobre Limited has applied for quotation on the ASX of 438,462 new ordinary fully paid shares, dated 19 June 2026, following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted securities sl...
Cobre Limited Seeks ASX Quotation for Additional Ordinary Shares
Jun 4, 2026
Cobre Limited has applied for quotation on the ASX of 1,173,078 ordinary fully paid shares under its existing ticker CBE, with an issue date of 4 June 2026. The new securities arise from the exercise or conversion of existing options or other conv...
Cobre Director Martin Holland Increases Indirect Shareholding via On-Market Purchase
Jun 3, 2026
Cobre Limited has disclosed a change in director Martin Holland’s indirect interest in the company, following an on-market purchase of 151,016 shares through Holland International Pty Ltd. The transaction, valued at approximately $49,825.88,...
Cobre director Michael Addison restructures option holdings without changing stake
May 26, 2026
Cobre Limited has disclosed a change in director Michael Addison’s relevant interests, detailing an off-market transfer of 500,000 listed CBEO options between entities associated with him. Following the transaction, Addison’s indirect ...
Cobre Seeks ASX Quotation for 1.1 Million New Ordinary Shares
May 22, 2026
Cobre Limited has applied for quotation on the ASX of 1,125,652 new ordinary fully paid shares, issued on 21 May 2026 under its ticker CBE. The additional securities, arising from the exercise or conversion of existing instruments, modestly increa...
Cobre to Release 14.3 Million Shares From Voluntary Escrow
May 8, 2026
Cobre Limited has notified the market that 14,293,778 shares will be released from voluntary escrow on 18 May 2026. These shares were originally issued to related parties of Tribeca Investment Partners as part of the first tranche of a previously ...
Cobre Limited Seeks ASX Quotation for 3.7 Million New Shares
May 7, 2026
Cobre Limited has applied for quotation of 3,700,197 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 7 May 2026. The application, lodged as a new Appendix 2A announcement, reflects the company’s on...
Cobre Lifts Stake in Chilean Sierra Atacama Copper Project to 45%
May 5, 2026
Cobre Limited has increased its stake to 45% in Sierra Atacama SpA and Bergbau Wagen SpA, the project companies that hold the Sierra Atacama Copper Project in northern Chile. The move was completed via a Subsequent Share Subscription by its Chilea...
Cobre Flags Early-Stage Status of Sierra Atacama Copper Resources in Investor Briefing
Apr 30, 2026
Cobre Limited has released an investor presentation outlining its copper-focused exploration and development activities, with a particular emphasis on the Sierra Atacama Copper Project in South America. The document stresses that the material is i...
Cobre pivots to copper production with Sierra Atacama deal and $60m raise
Apr 30, 2026
Cobre Limited has secured a conditional pathway to majority ownership and operational control of the Sierra Atacama Copper Project in northern Chile through definitive agreements with Minera Salar Blanco, marking a strategic shift from explorer to...
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.