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Cosmo Metals Limited (AU:CMO)
ASX:CMO
Australian Market

Cosmo Metals Limited (CMO) AI Stock Analysis

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AU:CMO

Cosmo Metals Limited

(Sydney:CMO)

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Neutral 43 (OpenAI - 5.2)
Rating:43Neutral
Price Target:
AU$0.01
▼(-40.00% Downside)
Action:UpgradedDate:12/30/25
The score is held down primarily by pre-revenue financials with widening losses and continued cash burn. A strong, low-debt balance sheet provides some stability, but technicals remain weak with the stock trading below key moving averages and a negative MACD; valuation is also constrained by negative earnings and no dividend data.
Positive Factors
Low leverage / strong balance sheet
Very low reported debt materially reduces near-term solvency risk and funding pressure. That structural strength gives management time to progress development-stage projects, preserves access to financing on better terms, and improves resilience to operational setbacks over a multi-month horizon.
Growing equity base
An increasing equity base expands the company’s capital cushion and extends runway for development activities. This durable capital growth reduces the immediacy of external financing, limits short-term dilution pressure and supports continued investment in operations over the next several months.
Losses modest relative to capital
Reported net losses are meaningful but small compared with shareholders' equity, making cash burn more manageable. That imbalance provides time to execute business plans, pursue revenue generation or cost control measures before solvency becomes a structural threat.
Negative Factors
Pre-revenue and widening losses
Being pre-revenue with escalating losses undermines self-funding and highlights execution risk. Without operational revenue, the business must rely on capital raises to sustain activities; widening losses indicate rising cost intensity and increase the probability of further financing over the next 2–6 months.
Persistent negative cash flow / burn
Sustained negative operating and free cash flow means the company requires external financing to continue operations. That structural cash shortfall elevates dilution and execution risk, constrains investment pacing, and pressures management to secure funding within a medium-term timeframe.
Negative and worsening return on equity
Persistently negative ROE signals the company is not generating returns on invested capital, eroding long-term shareholder economics. If negative ROE persists, it may force strategic changes, restructure spending or prompt further capital raises, creating sustained pressure on execution.

Cosmo Metals Limited (CMO) vs. iShares MSCI Australia ETF (EWA)

Cosmo Metals Limited Business Overview & Revenue Model

Company DescriptionCosmo Metals Limited operates as a mineral exploration company in Australia. The company explores for copper, nickel, cobalt, and platinum group elements. Its flagship project is the Yamarna project that includes the Mt Venn and Eastern Mafic prospects, which comprise seven granted exploration licenses, one granted prospecting license, and two applications for an exploration and a prospecting license with a total area of 370 square kilometers. The company was incorporated in 2021 and is headquartered in West Perth, Australia.
How the Company Makes MoneyCosmo Metals Limited makes money through the exploration, extraction, and sale of metal ores. The company generates revenue by selling extracted metals to manufacturers and industries that require these resources for production purposes. Key revenue streams for CMO include the sale of copper and nickel ores, which are in high demand for their application in electronics, construction, and various industrial processes. The company's earnings are further supported by strategic partnerships with other mining companies and smelters, which help optimize production and distribution channels. Additionally, CMO may engage in joint ventures or licensing agreements to expand its market presence and enhance profitability.

Cosmo Metals Limited Financial Statement Overview

Summary
Income statement is very weak with no revenue and recurring losses that widened in FY2025, and cash flow shows persistent negative operating and free cash flow (ongoing burn). The main offset is a strong, conservatively financed balance sheet with minimal debt and growing equity, which reduces near-term solvency risk.
Income Statement
8
Very Negative
Across FY2022–FY2025 the company reported no revenue and consistent operating losses, with negative gross profit and deeply negative EBIT/EBITDA each year. Net losses widened materially in FY2025 (net loss of ~3.1m vs ~1.5m in FY2024), indicating higher cost intensity and weaker earnings trajectory. The main positive is that losses are relatively small versus the balance sheet size, but profitability is currently not established.
Balance Sheet
74
Positive
The balance sheet is conservatively financed with minimal leverage (very low debt-to-equity; debt is ~13.6k in FY2025 and was zero in prior years). Equity has grown over time (from ~8.9m in FY2023 to ~11.5m in FY2025), providing a cushion to fund development-stage operations. The key weakness is persistently negative returns on equity, worsening in FY2025, which reflects ongoing losses despite a solid capital base.
Cash Flow
22
Negative
Cash generation remains weak: operating cash flow is negative in every year shown (roughly -0.6m to -0.8m), and free cash flow is consistently negative, with a particularly large outflow in FY2023 (~-3.1m) and still elevated burn in FY2025 (~-2.4m). While free cash flow improved versus FY2023, the business continues to require funding to sustain operations, and cash outflows are not yet supported by revenue.
BreakdownJun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue0.000.000.000.00
Gross Profit-19.94K-20.81K-19.66K-2.96K
EBITDA-818.21K-1.45M-666.97K-1.10M
Net Income-3.11M-1.47M-686.63K-1.10M
Balance Sheet
Total Assets12.09M10.80M9.26M9.20M
Cash, Cash Equivalents and Short-Term Investments730.53K1.28M612.45K3.06M
Total Debt13.58K0.000.000.00
Total Liabilities587.56K682.41K347.33K121.86K
Stockholders Equity11.50M10.11M8.91M9.07M
Cash Flow
Free Cash Flow-2.40M-1.56M-3.06M-1.64M
Operating Cash Flow-792.89K-579.78K-601.86K-585.59K
Investing Cash Flow-1.64M-979.18K-2.41M-1.05M
Financing Cash Flow1.88M2.23M564.47K4.69M

Cosmo Metals Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.02
Price Trends
50DMA
0.01
Negative
100DMA
0.02
Negative
200DMA
0.02
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
27.71
Positive
STOCH
-100.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CMO, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.01, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 27.71 is Positive, neither overbought nor oversold. The STOCH value of -100.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CMO.

Cosmo Metals Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
55
Neutral
AU$30.20M-1.02-80.21%-69.98%
52
Neutral
AU$9.44M-4.93-18.01%20.70%
50
Neutral
AU$71.73M-15.82-61.77%-45.08%
46
Neutral
AU$12.91M-1.42-74.67%71.25%
43
Neutral
AU$7.07M-0.83-28.80%-17.61%
43
Neutral
AU$7.36M-0.57-72.76%-1.73%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:CMO
Cosmo Metals Limited
0.01
>-0.01
-35.00%
AU:MQR
Marquee Resources Ltd
0.01
0.00
0.00%
AU:EV1
Evolution Energy Minerals Limited
0.02
<0.01
15.38%
AU:ENX
Enegex Limited
0.28
0.21
300.00%
AU:CHR
Charger Metals NL
0.10
0.05
100.00%
AU:GRE
Greentech Metals Ltd.
0.11
0.04
66.67%

Cosmo Metals Limited Corporate Events

Cosmo Metals Director Increases Equity Stake Through Performance Rights Conversion
Feb 20, 2026

Cosmo Metals has disclosed a change in director Ian Prentice’s indirect holdings following the vesting of incentive securities. Prentice converted 1 million performance rights into fully paid ordinary shares, increasing his shareholding to 4,942,255 shares while his performance rights decreased to 10 million.

The transaction, carried out via conversion of performance rights rather than an on-market trade, leaves his unlisted option holdings unchanged. The move marginally increases director equity exposure and signals continued alignment of management interests with ordinary shareholders without new cash consideration or dilution beyond previously issued rights.

The most recent analyst rating on (AU:CMO) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Cosmo Metals Limited stock, see the AU:CMO Stock Forecast page.

Cosmo Metals Plans Large Issue of 2028 Options
Feb 5, 2026

Cosmo Metals Limited has lodged an Appendix 3B with the ASX outlining a proposed placement or other issue of options, to be traded under code CMOAN and expiring 3 April 2028 with an exercise price of $0.015. The company plans to issue up to 87,544,061 of these options, with a proposed issue date of 31 March 2026, signalling a sizeable potential expansion of its capital structure that may provide additional funding flexibility and exposure for investors through leveraged participation in any future share price appreciation.

The most recent analyst rating on (AU:CMO) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Cosmo Metals Limited stock, see the AU:CMO Stock Forecast page.

Cosmo Metals Plans Major Pro Rata Equity and Options Issue
Feb 5, 2026

Cosmo Metals Limited has announced a non-renounceable pro rata issue to its existing shareholders, proposing to issue up to 155,088,121 new fully paid ordinary shares and 38,772,030 options exercisable at $0.015 and expiring on 3 April 2028. The capital raising, structured as a standard pro rata entitlement offer with key dates set in February and March 2026, is intended to expand the company’s equity base and could provide additional funding flexibility, potentially supporting future operational activities and strengthening its position on the ASX for current and prospective investors.

The most recent analyst rating on (AU:CMO) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Cosmo Metals Limited stock, see the AU:CMO Stock Forecast page.

Cosmo Metals Raises $1.55m to Accelerate Gold and Copper Drilling
Feb 5, 2026

Cosmo Metals has launched a fully underwritten non-renounceable entitlement offer to raise approximately $1.55 million by issuing about 155.1 million new shares at $0.010 each, alongside free attaching options, to eligible shareholders. The capital injection, supported by major shareholder Great Boulder Resources and company directors, will fund near-term drilling at the high-priority Kanowna Gold Project and the Bingara and Nundle gold-antimony and copper projects, as well as exploration at Yamarna and general corporate needs, positioning the company to accelerate exploration in key Australian mineral districts and potentially enhance its resource base and growth prospects.

The most recent analyst rating on (AU:CMO) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Cosmo Metals Limited stock, see the AU:CMO Stock Forecast page.

Cosmo Metals Requests Trading Halt Ahead of Capital Raising Announcement
Feb 4, 2026

Cosmo Metals Limited has requested and been granted a trading halt on its securities on the ASX while it prepares an announcement regarding a proposed capital raising. The halt will remain in place until either the announcement is released or normal trading commences on 9 February 2026, and the company has indicated it is not aware of any reasons the halt should not be granted or of any additional information required to inform the market.

The most recent analyst rating on (AU:CMO) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Cosmo Metals Limited stock, see the AU:CMO Stock Forecast page.

Cosmo Metals Advances NSW Gold-Antimony Exploration and Secures Grants for Key Drill Programs
Jan 30, 2026

Cosmo Metals’ December quarter was marked by the completion of its maiden reverse circulation drilling campaign at the Spring Creek gold prospect within the Star of Bingara to Lone Hand trend, the first drilling in the Bingara area in roughly three decades, yielding encouraging gold intercepts including 6m at 9.99g/t Au from shallow depth. The company also advanced target generation across its NSW portfolio by interpreting LiDAR data to define the 8km Antimony Gully trend with high-grade antimony rock chip results, completing a government-backed geochemical program over the Mt Everest–Mona trend, and planning systematic mapping and sampling to refine drill targets, while securing separate WA government co-funding to drill a deep diamond hole at its Kanowna gold project, underscoring growing institutional support for its exploration strategy in both critical minerals and gold.

The most recent analyst rating on (AU:CMO) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Cosmo Metals Limited stock, see the AU:CMO Stock Forecast page.

Cosmo Metals Outlines High-Priority VMS Targets at Bingara’s Mt Everest–Mona Corridor
Jan 27, 2026

Cosmo Metals has defined two high-priority, previously untested VMS targets—the ~500m Victory Lode and a potential feeder/stockwork zone east of Mt Everest—within a +4km Mt Everest–Mona corridor at its Bingara Project in NSW, following a systematic pXRF geochemistry program that identified strong copper, zinc and arsenic soil anomalies supported by high-grade historical rock chip results. The program, co-funded by a NSW Government grant under the Critical Minerals & High-Tech Exploration Program, sets up ground truthing in early February 2026 and follow-up ground geophysics to refine the first drilling campaign along the 20km-long Bingara VMS belt, potentially transforming an area of largely untested historic copper workings into a modern discovery opportunity for Cosmo and its stakeholders.

The most recent analyst rating on (AU:CMO) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Cosmo Metals Limited stock, see the AU:CMO Stock Forecast page.

Cosmo Metals Reports Promising Results from Maiden Spring Creek Drilling Program
Dec 17, 2025

Cosmo Metals Limited has announced positive outcomes from its maiden drilling program at the Spring Creek prospect, part of the Bingara Project. The program confirmed high-grade gold mineralisation continuity and identified new targets for potential further discoveries along the largely unexplored 12km Star of Bingara to Lone Hand trend. These successful results enhance Cosmo Metals’ geological understanding of the area, laying a robust foundation for follow-up exploration activities and strategic growth. These findings hold significance for both the company’s operational advancements and its positioning within the mining sector.

Cosmo Metals Confirms High-Grade Gold at Spring Creek
Dec 8, 2025

Cosmo Metals Limited has announced promising results from its maiden reverse circulation drilling program at the Spring Creek prospect within the Bingara Project. The initial results confirmed the presence of shallow high-grade gold mineralization, with significant intersections such as 6.0m at 9.99 g/t Au. The drilling program aims to explore further potential, including steep dipping feeder zones and extensions of gold-arsenic soil anomalies. These findings enhance the company’s understanding of the geological setting and could significantly impact its future exploration strategies, potentially unlocking further resources along the 12km Star of Bingara to Lone Hand trend.

Cosmo Metals Limited Announces Change in Director’s Interest
Dec 8, 2025

Cosmo Metals Limited has announced a change in the director’s interest, specifically concerning Peter John Bird. The company, which operates in the metals industry, has approved the issuance of 5,000,000 unlisted options to Mr. Bird, exercisable at $0.03 and expiring on November 26, 2028. This change was approved at the company’s Annual General Meeting, reflecting a strategic move to align the director’s interests with the company’s long-term goals.

Cosmo Metals Issues 6.5 Million Unquoted Options
Dec 8, 2025

Cosmo Metals Limited announced the issuance of 6,500,000 unquoted options set to expire on November 26, 2028, with an exercise price of $0.03. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, potentially impacting the company’s financial strategies and stakeholder interests.

Cosmo Metals Issues 20 Million Unquoted Options
Dec 8, 2025

Cosmo Metals Limited announced the issuance of 20,000,000 unquoted options set to expire on November 26, 2028, with an exercise price of $0.03. This move is part of a previously announced transaction and is not intended to be quoted on the ASX, potentially impacting the company’s equity structure and offering strategic financial flexibility.

Cosmo Metals Limited Announces Proposed Securities Issue
Dec 1, 2025

Cosmo Metals Limited announced a proposed issue of securities, specifically options expiring on November 26, 2028, with an exercise price of $0.03. The total number of securities proposed for issuance is 6,500,000, with the issue date set for December 4, 2025. This move is part of a placement or other type of issue, indicating a strategic effort by the company to raise capital or expand its shareholder base.

Cosmo Metals Limited AGM Results: Key Resolutions Passed
Nov 26, 2025

Cosmo Metals Limited held its Annual General Meeting on November 26, 2025, where several resolutions were passed. Key outcomes included the adoption of the remuneration report, re-election of a director, and approval of options grants to directors, reflecting strong shareholder support and strategic alignment with the company’s growth objectives.

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.Date of analysis: Dec 30, 2025