Centaurus Metals Limited (CTM) AI Stock Analysis

• Market Cap: AU$366.09M
• Dividend Yield: N/A
• Average Volume (3M): 1.98M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.09
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 8
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.02
• Shares Outstanding: 563,209,660
• 10 Day Avg. Volume: 2,400,654
• 30 Day Avg. Volume: 1,976,829
• PEG Ratio: 0.16
• Price to Book (P/B): 4.97
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -10.97
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$0.58
• Price Target Upside: -10.77% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: AU$0.65 ▲(0.46% Upside)

The score is held back primarily by weak financial performance (no revenue, persistent losses, and negative free cash flow), partially offset by a low-leverage balance sheet and improving 2024 loss/cash-burn trends. Technicals are supportive due to a strong uptrend, but overbought indicators increase near-term risk. Valuation is unattractive/unclear given negative earnings and no dividend.

Positive Factors

Low leverage / strong balance sheet flexibility

Very low debt reduces financial risk and preserves strategic optionality for an exploration developer. It gives management flexibility to fund project advancement, withstand commodity cycles, and access capital on better terms, supporting multi‑month to multi‑year project timelines.

Meaningful 2024 reduction in net loss and cash burn

A roughly halved net loss and materially lower cash burn in 2024 indicate improving cost control and operational discipline. That trend extends runway, reduces near‑term financing pressure, and signals management can tighten spending while advancing assets toward development.

Focused exploration-to-development business model

A clear strategic focus on advancing assets toward development concentrates capital and expertise on value‑creating milestones (resource definition, studies, permitting). If executed, this path creates durable optionality for eventual mine development and long‑term value capture.

Negative Factors

No revenue and recurring operating losses

Absence of operating revenue over multiple years means the company has not yet demonstrated a self‑sustaining business model. Persistent operating losses increase execution risk for project development and make long‑term viability dependent on successful asset conversion or continual external funding.

Consistently negative operating and free cash flow

Ongoing negative operating and free cash flow forces reliance on external capital to fund exploration and development. This creates dilution and financing risk, limits the company's ability to invest steadily in projects, and makes multi‑year execution contingent on access to markets or partners.

Erosion of equity and negative shareholder returns

Declining equity signals shareholder capital being consumed by losses and burn. Negative return on equity and a shrinking equity buffer reduce resilience to setbacks, raise the need for fresh capital, and heighten the risk that future financing will be dilutive or constrained.

Centaurus Metals Limited Business Overview & Revenue Model

Company Description

Centaurus Metals Limited engages in the exploration and evaluation of mineral resource properties in Brazil and Australia. The company explores for copper, nickel, gold, and iron ore deposits. It primarily focuses on the Jaguar nickel sulphide project located in the Carajás Mineral Province in northern Brazil. The company was formerly known as Glengarry Resources Limited and changed its name to Centaurus Metals Limited in April 2010. Centaurus Metals Limited was founded in 1989 and is based in West Perth, Australia.

How the Company Makes Money

Centaurus Metals Limited Financial Statement Overview

Summary

Income statement and cash flow are the main weaknesses: effectively no revenue, recurring operating losses, and consistently negative operating/free cash flow. 2024 showed meaningful improvement in net loss and cash burn versus 2023, and the balance sheet is a relative strength with very low leverage, but the business still has not demonstrated sustainable profitability or self-funding operations.

Income Statement

The company has effectively no revenue across the period (2020–2024), with recurring operating losses and negative gross profit each year. Net losses improved meaningfully in 2024 versus 2023 (net loss narrowed to ~18.4m from ~40.7m), indicating reduced spend or improved cost control, but profitability remains deeply negative and the business has not demonstrated a sustained revenue-producing model yet.

Balance Sheet

Leverage is very low, with total debt small relative to equity (debt-to-equity ~0.02 in 2024), which reduces financial risk and provides flexibility. However, shareholder returns are strongly negative due to ongoing losses (return on equity remains materially below zero), and equity has declined from 2023 to 2024, reflecting continued cash burn and losses despite the lighter debt load.

Cash Flow

Cash generation is weak with consistently negative operating cash flow and negative free cash flow every year, indicating continued funding needs. The 2024 cash burn improved substantially versus 2023 (operating and free cash outflows roughly halved), which is a positive trajectory, but cash flow remains negative overall and still relies on external capital over time if revenue does not ramp.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	6.26K	0.00	0.00
Gross Profit	-604.60K	-619.72K	-849.98K	-537.14K	-222.40K	-98.03K
EBITDA	-19.07M	-19.98M	-40.17M	-42.58M	-17.03M	-11.32M
Net Income	-19.45M	-18.45M	-40.74M	-42.63M	-17.00M	-11.47M
Balance Sheet
Total Assets	33.70M	39.50M	60.32M	57.39M	26.85M	33.85M
Cash, Cash Equivalents and Short-Term Investments	9.07M	18.04M	34.67M	34.05M	8.26M	24.09M
Total Debt	871.64K	649.47K	507.05K	1.03M	115.91K	154.11K
Total Liabilities	6.11M	4.07M	5.11M	8.07M	10.10M	7.73M
Stockholders Equity	27.59M	35.43M	55.22M	49.33M	16.75M	26.12M
Cash Flow
Free Cash Flow	-6.43M	-16.05M	-43.40M	-45.85M	-20.03M	-8.39M
Operating Cash Flow	-6.38M	-15.68M	-40.61M	-39.97M	-15.22M	-8.10M
Investing Cash Flow	-94.79K	-433.77K	-2.77M	-6.85M	-5.81M	-1.16M
Financing Cash Flow	-299.17K	100.18K	43.95M	72.47M	5.35M	24.78M

Centaurus Metals Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AIS	69 Neutral	AU$766.19M	14.45	15.33%	―	6.70%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CTM	51 Neutral	AU$366.09M	-16.58	-53.29%	―	―	―
NMR	43 Neutral	AU$53.07M	-1.72	-391.48%	―	―	-49.48%

Centaurus Metals Limited Corporate Events

Centaurus Advances Jaguar Nickel Project as It Expands Copper-Gold Footprint in Brazil

Centaurus Metals has secured a key milestone for its flagship Jaguar Nickel Sulphide Project in northern Brazil with the granting of a mining lease and completion of all major environmental and mining approvals needed to start construction. Basic engineering is under way with CPC Engineering in Australia, including a streamlined tailings circuit and revised plant layout aimed at reducing the project footprint, earthworks and operational complexity, while the company continues to advance debt and equity funding pathways towards a final investment decision. In parallel, Centaurus has strengthened its growth pipeline by acquiring the adjacent Rio Novo tenure next to its Boi Novo Copper-Gold Project, creating a combined ~75km² land package in the Carajás Mineral Province, where it has restarted diamond drilling and initiated EM geophysics and surface exploration over largely untested ground. Recent drilling at Boi Novo and historical drilling at Rio Novo have confirmed multiple high-grade copper zones, underlining the district’s strong prospectivity, while the company ended the December 2025 quarter with $24.6 million in cash to support ongoing development and exploration activities.

The most recent analyst rating on (AU:CTM) stock is a Hold with a A$0.65 price target. To see the full list of analyst forecasts on Centaurus Metals Limited stock, see the AU:CTM Stock Forecast page.

Centaurus Metals Seeks Quotation of Additional Ordinary Shares on ASX

Centaurus Metals Limited has applied for the quotation of 171,220 new fully paid ordinary shares on the ASX, with an issue date of 23 January 2026. The additional securities, arising from the exercise or conversion of existing instruments, will modestly increase the company’s quoted share capital and may provide incremental funding flexibility as it progresses its resource development activities.

The most recent analyst rating on (AU:CTM) stock is a Hold with a A$0.65 price target. To see the full list of analyst forecasts on Centaurus Metals Limited stock, see the AU:CTM Stock Forecast page.

Centaurus Metals Seeks ASX Quotation for Additional Ordinary Shares

Centaurus Metals Limited has applied to the ASX for quotation of 85,616 new ordinary fully paid shares following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted securities slightly expands the company’s issued capital base, reflecting ongoing investor participation in its equity instruments without materially altering its capital structure or ownership dynamics.

The most recent analyst rating on (AU:CTM) stock is a Hold with a A$0.62 price target. To see the full list of analyst forecasts on Centaurus Metals Limited stock, see the AU:CTM Stock Forecast page.

Centaurus Metals Seeks ASX Quotation for Additional 124,998 Shares

Centaurus Metals Limited has applied to the ASX for quotation of 124,998 new ordinary fully paid shares, following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted securities marginally expands the company’s issued capital base and reflects ongoing utilisation of equity-linked incentives, with limited immediate impact on ownership structure but incremental enhancement of the company’s tradable share pool.

The most recent analyst rating on (AU:CTM) stock is a Hold with a A$0.58 price target. To see the full list of analyst forecasts on Centaurus Metals Limited stock, see the AU:CTM Stock Forecast page.

Centaurus Metals Announces Director’s Interest Change

Centaurus Metals Limited announced a change in the director’s interest, specifically involving Darren Peter Gordon, who acquired 41,666 unlisted SPP options. This change reflects an adjustment in the director’s indirect interests through the Gordon Family Trust and the D&N Gordon Superannuation Fund. The acquisition of these options, tied to shares purchased under the Share Purchase Plan, indicates strategic financial positioning by the director, potentially impacting stakeholder perceptions and the company’s governance dynamics.

The most recent analyst rating on (AU:CTM) stock is a Buy with a A$0.60 price target. To see the full list of analyst forecasts on Centaurus Metals Limited stock, see the AU:CTM Stock Forecast page.

Centaurus Metals Issues New Unquoted Securities

Centaurus Metals Limited announced the issuance of 97,220 unquoted securities, specifically options expiring on November 30, 2027, with an exercise price of $0.50. This move indicates the company’s ongoing efforts to manage its equity and potentially enhance its financial flexibility, which could impact its operational strategies and stakeholder interests.

The most recent analyst rating on (AU:CTM) stock is a Buy with a A$0.60 price target. To see the full list of analyst forecasts on Centaurus Metals Limited stock, see the AU:CTM Stock Forecast page.

Centaurus Metals Expands Drilling at Boi Novo Project in Brazil

Centaurus Metals has resumed diamond drilling at its expanded Boi Novo Copper-Gold Project in Brazil’s Carajás Mineral Province, following the acquisition of the Rio Novo tenure. The project now spans 75km², offering significant exploration potential, with over 65% of the area unexplored. The company is conducting electromagnetic geophysics and surface exploration to identify high-quality targets, while also advancing its Jaguar Nickel Sulphide Project, positioning itself strongly in the battery and critical metals market.

The most recent analyst rating on (AU:CTM) stock is a Buy with a A$0.60 price target. To see the full list of analyst forecasts on Centaurus Metals Limited stock, see the AU:CTM Stock Forecast page.

Centaurus Metals Announces Upcoming General Meeting of Shareholders

Centaurus Metals Limited has announced a General Meeting of Shareholders scheduled for 28 November 2025 in Perth, Australia. Shareholders are encouraged to participate either in person or via proxy, with materials and voting instructions available online. This meeting is an important event for stakeholders to discuss and vote on key company matters.

The most recent analyst rating on (AU:CTM) stock is a Buy with a A$0.60 price target. To see the full list of analyst forecasts on Centaurus Metals Limited stock, see the AU:CTM Stock Forecast page.