Cygnus Gold Ltd. (AU:CY5)
ASX:CY5
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Cygnus Metals Limited
(Sydney:CY5)
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Rating:53Neutral
Price Target:
AU$0.23
▲(62.86% Upside)
Action:N/ADate:01/04/26
The score is held back primarily by pre-revenue operations, ongoing losses, and persistent negative cash flow despite a strong, low-debt balance sheet. Technically, momentum is strong with price above major moving averages, but overbought readings temper the outlook. Valuation remains challenged due to negative earnings and no dividend support.
Positive Factors
Balance sheet strength / near-zero debt
Effectively zero debt and a materially larger equity and asset base provide a durable funding runway for exploration, reduce financial distress risk, and improve bargaining power for farm-outs or JV deals, enabling project advancement without immediate refinancing pressure.
Negative Factors
Pre-revenue operations
As a pre-revenue explorer, intrinsic value is contingent on successful discovery and monetization events. This business model creates high execution risk and persistent dependence on capital markets, making long-term returns sensitive to exploration outcomes and financing availability.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength / near-zero debt
Effectively zero debt and a materially larger equity and asset base provide a durable funding runway for exploration, reduce financial distress risk, and improve bargaining power for farm-outs or JV deals, enabling project advancement without immediate refinancing pressure.
Read all positive factors
Cygnus Metals Limited (CY5) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$152.61M
Dividend YieldN/A
Average Volume (3M)2.94M
Price to Earnings (P/E)―
Beta (1Y)2.53
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees22
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,220,913,300
10 Day Avg. Volume3,118,547
30 Day Avg. Volume2,939,156
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.49
Price to Sales (P/S)0.00
P/FCF Ratio-3.39
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 Upside150.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Cygnus Metals Limited Business Overview & Revenue Model
Company Description
Cygnus Gold Limited engages in the discovery and exploration of gold and base metals deposits in the Southwest Yilgarn of Western Australia. It also explores for lead, zinc, copper, and nickel deposits. The company's flagship project is the Stanle...
How the Company Makes Money
Cygnus Metals Limited does not typically generate recurring operating revenue like an established producer; instead, its economic model is primarily based on creating value through mineral exploration and project development. The company seeks to ...
Cygnus Metals Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
33
Negative
| Breakdown | TTM | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 8.70K | 92.50K | 24.88K | 334.69K |
| Gross Profit | -313.72K | -42.10K | -42.78K | 25.41K | -17.63K | 287.34K |
| EBITDA | -4.23M | -2.38M | -14.17M | -2.25M | -2.04M | -7.67M |
| Net Income | -4.42M | -3.77M | -13.50M | -2.76M | -2.08M | -7.72M |
Balance Sheet | ||||||
| Total Assets | 93.72M | 78.88M | 35.09M | 21.40M | 3.50M | 3.55M |
| Cash, Cash Equivalents and Short-Term Investments | 23.08M | 14.87M | 9.32M | 13.53M | 2.81M | 3.39M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 116.76K | 69.11K |
| Total Liabilities | 7.09M | 7.41M | 8.11M | 4.00M | 389.30K | 169.48K |
| Stockholders Equity | 86.63M | 71.47M | 26.98M | 17.40M | 3.11M | 3.38M |
Cash Flow | ||||||
| Free Cash Flow | -9.99M | -10.30M | -16.43M | -6.74M | -1.58M | -2.81M |
| Operating Cash Flow | -3.93M | -1.92M | -3.55M | -2.11M | -885.01K | -114.31K |
| Investing Cash Flow | -6.61M | -5.87M | -13.00M | -5.07M | -692.76K | -852.38K |
| Financing Cash Flow | 30.56M | 13.32M | 12.50M | 18.20M | 1.00M | 2.58M |
Cygnus Metals Limited Peers Comparison
UnderperformOutperform
Sector (61)
AU:CY5
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25.00%
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Torque Metals Ltd.
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Cygnus Metals Limited Corporate Events
Cygnus Metals Plans Large Share Placement to Raise Capital
Mar 12, 2026
Cygnus Metals Limited has announced a proposed equity issuance of up to 156,250,000 ordinary fully paid shares through a placement or similar structure. The new securities are expected to be issued on 20 March 2026, with the company formally notif...
Cygnus Metals Seeks Trading Halt Ahead of Capital Raising Announcement
Mar 10, 2026
Cygnus Metals Limited has requested a trading halt in its securities on the Australian Securities Exchange as it prepares to announce details of a capital raising. The halt will remain in place until the planned announcement is released or until n...
Cygnus Metals Sets AGM Date and Deadline for Director Nominations
Mar 1, 2026
Cygnus Metals Limited has scheduled its Annual General Meeting for 1 May 2026 in West Perth, where shareholders will consider the election and re-election of certain directors. The company has set 9 March 2026 as the deadline for director nominati...
Cygnus Metals Reaffirms Resource Estimates at Chibougamau and Pontax Projects
Feb 23, 2026
Cygnus Metals has released a corporate presentation outlining updated mineral resource estimates and exploration results for its Chibougamau copper-gold project and Pontax Central lithium project. The company emphasizes that existing resource esti...
Cygnus Metals launches major drilling and geophysics push at Chibougamau
Feb 22, 2026
Cygnus Metals has launched an intensive drilling and geophysics campaign at its Chibougamau Copper-Gold Project in Quebec to drive resource growth in 2026. Work includes Downhole Electromagnetics at Cedar Bay, multi-rig drilling at Golden Eye to e...
Cygnus Metals Options Expire, Trimming Potential Future Dilution
Feb 20, 2026
Cygnus Metals Limited has confirmed the expiry of 365,940 listed options with the code CY5AP, which were exercisable at CAD 0.1558 and lapsed unexercised on 16 February 2026. The cessation of these options modestly reduces potential future equity ...
Cygnus Metals Extends High-Grade Cedar Bay Resource as Chibougamau Growth Accelerates
Jan 26, 2026
Cygnus Metals reported a highly productive December 2025 quarter at its Chibougamau Copper-Gold Project, highlighted by strong high-grade drill results at Cedar Bay, including intersections up to 300 metres outside the current resource and the dis...
Cygnus Targets High-Grade Quebec Gold Prospects to Drive Chibougamau Resource Growth
Jan 19, 2026
Cygnus Metals has outlined two high-priority gold prospects, Gwillim and Joe Mann, at its Chibougamau Copper-Gold Project in Quebec, targeting resource growth through new drilling planned for the June quarter, subject to permitting. Historic drill...
Cygnus Metals Updates Market on Lapse of Director Performance Rights
Jan 16, 2026
Cygnus Metals Limited has disclosed a change in the relevant interests of director David Southam, following the lapse of 1,059,603 Class Y performance rights held indirectly through his spouse, Lynnette Edwards, after vesting conditions were not s...
Cygnus Metals Performance Rights Lapse After Conditions Not Met
Jan 16, 2026
Cygnus Metals Limited has announced the cessation of 1,059,603 performance rights, which lapsed on 13 January 2026 after the conditions attached to those rights were not met or became incapable of being satisfied. The lapse of these conditional se...
Cygnus Metals Issues New Shares on Option Exercise, Confirms Regulatory Compliance
Jan 6, 2026
Cygnus Metals Limited has issued 238,372 fully paid ordinary shares following the exercise of several tranches of unquoted options, raising C$16,987.48 in gross proceeds for the company. The shares were issued without a prospectus in reliance on s...
Cygnus Metals Seeks ASX Quotation for Additional Ordinary Shares
Jan 6, 2026
Cygnus Metals Limited has lodged an application with the ASX for the quotation of 238,372 new ordinary fully paid shares, issued on 6 January 2026. The additional securities, arising from the exercise or conversion of existing instruments, will mo...
Cygnus Metals Director Forfeits Performance Rights After Role Change
Dec 19, 2025
Cygnus Metals Limited has disclosed a change in director Ernest Mast’s interests in the company’s securities, following his transition from Managing Director to Non-Executive Director. Mast has voluntarily forfeited, by mutual agreemen...
Cygnus Metals Cancels 6 Million Performance Rights
Dec 19, 2025
Cygnus Metals Limited has announced the cancellation of 6 million performance rights, identified under the ASX security code CY5AJ, following an agreement between the company and the holder. The cessation of these securities, effective 15 December...
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.
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