Cobre Limited (AU:CBE)
ASX:CBE
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Cobre Limited
(Sydney:CBE)
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Rating:49Neutral
Price Target:
AU$0.28
â–²(179.00% Upside)
Action:Reiterated
Date:06/04/26
The score is held down primarily by weak financial performance (inconsistent revenue, continued losses, and negative cash flow) and limited valuation support due to a negative P/E. Strong technical trend and positive momentum provide partial offset, though overbought signals raise near-term risk.
Positive Factors
Low leverage / strong balance sheet
Zero reported debt across recent years and a rising equity base provide durable financial flexibility for an exploration company. This reduces solvency and refinancing risk, extends the operational runway for drilling programs, and supports capital allocation toward priority projects without immediate leverage pressure.
Negative Factors
Unstable revenue base
The absence of a stable revenue stream undermines self-sufficiency: with zero reported revenue in multiple years the company cannot fund ongoing operations from operations. Structurally this forces reliance on external capital, which can dilute shareholders and constrain long-term project pacing and investment decisions.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Zero reported debt across recent years and a rising equity base provide durable financial flexibility for an exploration company. This reduces solvency and refinancing risk, extends the operational runway for drilling programs, and supports capital allocation toward priority projects without immediate leverage pressure.
Read all positive factors
Cobre Limited (CBE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$357.27M
Dividend YieldN/A
Average Volume (3M)1.16M
Price to Earnings (P/E)―
Beta (1Y)1.56
Revenue GrowthN/A
EPS Growth-102.94%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding965,584,900
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 Upside250.00% 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
0.10
Price Trends
0.25
Positive
0.21
Positive
0.15
Positive
Market Momentum
0.03
Negative
69.24
Neutral
91.47
Negative
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 0.1 is below the 20-day moving average (MA) of 0.31, below the 50-day MA of 0.25, and below the 200-day MA of 0.15, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 69.24 is Neutral, neither overbought nor oversold. The STOCH value of 91.47 is Negative, 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% | |
49 Neutral | AU$357.27M | -51.69 | -8.06% | ― | ― | -102.94% | |
| ― | AU$15.78M | -2.94 | -39.88% | ― | ― | ― | |
51 Neutral | AU$64.87M | -271.30 | -1.33% | ― | ― | ― | |
48 Neutral | AU$28.85M | -11.05 | -11.53% | ― | ― | 37.50% | |
47 Neutral | AU$11.33M | -8.85 | -6.75% | ― | ― | 16.67% | |
41 Neutral | AU$20.75M | -16.52 | -35.07% | ― | ― | 6.25% |
* Basic Materials Sector Average
AU:CBE
Cobre Limited
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Cobre Limited Corporate Events
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...
Cobre bolsters Chile copper push with appointment of veteran CFO
Apr 26, 2026
Cobre Limited has appointed seasoned mining executive Kaveen Bachoo as Chief Financial Officer, effective 28 April 2026, adding deep financial and commercial expertise to its leadership team. Bachoo brings more than 20 years of senior finance expe...
Cobre Limited Seeks ASX Quotation for Additional Ordinary Shares
Apr 23, 2026
Cobre Limited has applied for quotation on the ASX of 502,673 new ordinary fully paid shares, expanding its total pool of listed securities under the code CBE. The shares, issued on 24 April 2026 following the exercise or conversion of existing op...
Cobre launches 40,000m drilling push to reshape Sierra Atacama copper project
Apr 14, 2026
Cobre Limited has launched a 40,000m drilling campaign at its Sierra Atacama copper project in Chile, combining reverse circulation and diamond drilling from surface and underground. The program aims to convert the current foreign NI 43-101 resour...
Cobre Director Adjusts Equity Holdings as Options Lapse and New Performance Rights Granted
Apr 8, 2026
Cobre Limited has disclosed a change in the securities held by director Andrew Sissian, primarily reflecting the lapse of 3.1 million options held via Sissian International Pty Ltd and the issuance of 1 million performance rights to Sissian. Follo...
Cobre Issues 56 Million Unquoted Performance Rights Under Incentive Scheme
Apr 8, 2026
Cobre Limited has notified the market of the issue of 56,000,000 unquoted performance rights under its employee incentive scheme. The new securities, which will not be quoted on the ASX, were issued on 8 April 2026 and are intended to reward and r...
Cobre Sets Out New ASX-Compliant Employee Rights Plan
Apr 8, 2026
Cobre Limited has adopted a new rights plan to govern the granting, vesting and exercise of share-based rights for eligible employees and executives. The plan is structured to align employee incentives with shareholder value while complying with A...
Cobre Limited Options Lapse Without Exercise, Simplifying Capital Structure
Apr 8, 2026
Cobre Limited has notified the market of changes to its capital structure following the expiry of a tranche of listed options. The company reported that 11,500,000 options exercisable at $0.335, which were due to expire on 6 April 2026, have lapse...
Cobre Director McNeilly Increases Shareholding After Shareholder Approval
Mar 31, 2026
Cobre Limited has disclosed a change in director David Michael McNeilly’s holdings, following shareholder approval at an extraordinary general meeting held on 25 March 2026. The filing notes that McNeilly’s interest is held directly an...
Cobre Secures A$60m for Chile Copper Mine as Sinomine Ups Botswana Bet
Mar 30, 2026
Cobre Limited has completed a A$60m equity raising at A$0.15 per share to fund its interest in acquiring the Sierra Atacama Copper Mine in northern Chile, following shareholder approval and execution of definitive agreements with Minera Salar Blan...
Cobre Expands Capital Base With Major Share Issuance and Cleansing Notice
Mar 30, 2026
Cobre Limited has issued 352,072,131 new ordinary shares at $0.15 each under the second tranche of a previously announced capital raising, following shareholder approval at an extraordinary general meeting on 25 March 2026. The company has also is...
Cobre Seeks ASX Quotation for 352 Million New Shares
Mar 30, 2026
Cobre Limited has applied for quotation of 352,072,131 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 30 March 2026. The substantial increase in quoted securities, arising from previously announced tran...
Cobre Seeks ASX Quotation for 25 Million New Shares Issued to Sinomine
Mar 30, 2026
Cobre Limited has applied to the Australian Securities Exchange for quotation of 25 million new ordinary fully paid shares, to be issued on 30 March 2026. The shares form part of an agreement with Sinomine that received shareholder approval on 25 ...
Cobre Limited Seeks ASX Quotation for Additional Ordinary Shares
Mar 26, 2026
Cobre Limited has applied for quotation on the ASX of 342,308 new ordinary fully paid shares under its code CBE, with an issue date of 26 March 2026. The additional securities arise from the exercise or conversion of existing options or other conv...
Cobre Issues 40 Million Unlisted Options to Expand Equity Base
Mar 26, 2026
Cobre Limited has notified the market of the issue of 40,000,000 unlisted options, which are unquoted securities not intended to be traded on the ASX. The options were issued on 26 March 2026 as part of previously announced transactions, signallin...
Cobre shareholders back all resolutions at 2026 extraordinary meeting
Mar 25, 2026
Cobre Limited has reported the outcomes of its 2026 extraordinary general meeting, confirming that shareholders strongly backed all 15 resolutions by poll. The resolutions related primarily to ratifying prior share issues and approving new equity ...
Cobre Limited Seeks ASX Quotation for Additional 100,000 Shares
Mar 19, 2026
Cobre Limited has applied for quotation on the ASX of an additional 100,000 ordinary fully paid shares, which are scheduled to be issued and commence quotation on 19 March 2026. The modest size of this issuance suggests a routine capital or incent...
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.