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Fenix Resources Limited (AU:FEX)
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Fenix Resources Limited (FEX) AI Stock Analysis

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AU:FEX

Fenix Resources Limited

(Sydney:FEX)

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Neutral 63 (OpenAI - 4o)
Rating:63Neutral
Price Target:
AU$0.50
▼(-7.41% Downside)
Fenix Resources Limited's overall stock score is primarily influenced by its mixed financial performance and positive technical indicators. The strong revenue growth is offset by declining profitability and cash flow challenges. The technical analysis suggests a positive price trend, but the high P/E ratio raises valuation concerns.

Fenix Resources Limited (FEX) vs. iShares MSCI Australia ETF (EWA)

Fenix Resources Limited Business Overview & Revenue Model

Company DescriptionFenix Resources Limited engages in the exploration, development, and mining of mineral tenements in Western Australia. The company operates in two segments: Iron Ridge Project and Trucking Joint Venture. Its flagship property is the 100% owned Iron Ridge Iron Ore project located in Western Australia. The company was formerly known as Emergent Resources Limited. Fenix Resources Limited was incorporated in 2007 and is based in West Perth, Australia.
How the Company Makes MoneyFenix Resources generates revenue primarily through the sale of iron ore to domestic and international customers, typically in the form of bulk shipments to steel producers. The company's revenue model is based on contracts and spot market sales, allowing flexibility to capitalize on fluctuating market prices. Key revenue streams include direct sales of iron ore, as well as possible partnerships with logistics providers to enhance distribution efficiency. The company's financial performance is influenced by factors such as global iron ore prices, production costs, and operational efficiency, along with any strategic alliances that may optimize their supply chain.

Fenix Resources Limited Financial Statement Overview

Summary
Fenix Resources Limited shows a mixed financial performance. While revenue growth is strong at 20.08%, profitability margins have declined, and leverage has increased. Cash flow metrics indicate potential liquidity challenges. The company needs to focus on improving operational efficiency and managing its debt levels to enhance financial stability.
Income Statement
65
Positive
Fenix Resources Limited has shown a strong revenue growth rate of 20.08% in the latest period, indicating a positive trajectory. However, the gross profit margin has slightly decreased over the years, and the net profit margin has significantly dropped from 12.98% to 1.71%, suggesting challenges in maintaining profitability. The EBIT and EBITDA margins have also declined, reflecting increased operational costs or reduced pricing power.
Balance Sheet
72
Positive
The company's debt-to-equity ratio has increased from 0.25 to 0.47, indicating a rise in leverage, which could pose a risk if not managed carefully. However, the return on equity remains positive at 3.03%, although it has decreased from previous years. The equity ratio remains stable, suggesting a balanced capital structure.
Cash Flow
58
Neutral
The free cash flow growth rate has significantly declined by 65.24%, indicating potential cash flow challenges. The operating cash flow to net income ratio is below 1, suggesting that the company is generating less cash from its operations compared to its net income. The free cash flow to net income ratio has also decreased, highlighting potential cash flow management issues.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue316.09M316.09M259.20M196.85M249.17M114.38M
Gross Profit27.78M72.61M59.83M38.48M66.97M62.81M
EBITDA55.37M56.89M74.84M55.21M75.85M63.88M
Net Income5.39M5.39M33.64M29.25M50.69M49.04M
Balance Sheet
Total Assets364.47M364.47M266.78M188.54M152.39M116.59M
Cash, Cash Equivalents and Short-Term Investments57.82M57.82M77.35M76.37M101.93M69.00M
Total Debt82.92M82.92M41.92M21.37M374.03K2.01M
Total Liabilities186.70M186.70M100.44M63.70M44.16M39.33M
Stockholders Equity177.77M177.77M166.34M124.84M108.22M77.26M
Cash Flow
Free Cash Flow7.53M7.53M42.24M12.18M55.38M50.43M
Operating Cash Flow71.88M71.88M68.49M16.28M62.29M65.30M
Investing Cash Flow-64.20M-64.20M-40.14M-13.75M-5.44M-17.47M
Financing Cash Flow-24.26M-27.89M-26.95M-28.24M-24.03M20.02M

Fenix Resources Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.54
Price Trends
50DMA
0.43
Positive
100DMA
0.36
Positive
200DMA
0.32
Positive
Market Momentum
MACD
0.02
Negative
RSI
61.64
Neutral
STOCH
70.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FEX, the sentiment is Positive. The current price of 0.54 is above the 20-day moving average (MA) of 0.49, above the 50-day MA of 0.43, and above the 200-day MA of 0.32, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 61.64 is Neutral, neither overbought nor oversold. The STOCH value of 70.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:FEX.

Fenix Resources 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
AU$295.12M6.444.28%-13.54%-56.86%
AU$153.39M12.068.79%15.32%10.05%
€375.96M68.243.14%2.00%21.95%-84.84%
$10.43B7.12-0.05%2.87%2.86%-36.73%
AU$248.17M27.046.50%2.42%-94.07%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:FEX
Fenix Resources Limited
0.54
0.27
104.20%
AU:GRR
Grange Resources Limited
0.25
>-0.01
-2.00%
AU:RHI
Red Hill Iron Limited
3.88
0.27
7.48%
AU:MLG
MLG Oz Ltd
0.89
0.29
48.33%
AU:CTM
Centaurus Metals Limited
0.44
-0.04
-8.33%

Fenix Resources Limited Corporate Events

Fenix Resources Announces 2025 AGM Details
Oct 27, 2025

Fenix Resources Limited has announced its 2025 Annual General Meeting (AGM) will take place on November 27, 2025, in Perth, Western Australia. Shareholders are advised that the Notice of Meeting will be available electronically, and proxy voting is encouraged to be completed online or via mail. This approach aligns with recent legislative changes, emphasizing digital communication and streamlining shareholder engagement. The AGM is a significant event for stakeholders, providing an opportunity to discuss the company’s strategic direction and operational updates.

The most recent analyst rating on (AU:FEX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Director Increases Shareholding
Oct 20, 2025

Fenix Resources Limited has announced a change in the director’s interest, with John Paul Welborn acquiring an additional 250,000 fully paid ordinary shares through on-market trades. This acquisition increases his total holdings to 22,500,000 shares, reflecting confidence in the company’s prospects and potentially impacting investor perceptions positively.

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

Fenix Resources Appoints New COO to Drive Strategic Growth
Oct 19, 2025

Fenix Resources Ltd has appointed Fernando Pereira as the Chief Operating Officer of its subsidiary Westmine. With extensive experience in iron ore operations, Pereira will oversee Fenix’s existing mining operations and contribute to the company’s strategic goal of increasing production to ten million tonnes per annum. This appointment is a strategic move to leverage recent expansions and enhance operational efficiency, positioning Fenix for significant growth in the iron ore market.

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

Fenix Resources Director Increases Shareholding
Oct 17, 2025

Fenix Resources Limited announced a change in the director’s interest, with John Paul Welborn acquiring an additional 250,000 fully paid ordinary shares through on-market trades, valued at $125,250. This acquisition increases his total shareholding to 22,250,000 shares, potentially strengthening his influence within the company and reflecting confidence in Fenix Resources’ market position.

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

Fenix Resources Secures Transformational Mining Rights and Reports Record Quarter
Oct 15, 2025

Fenix Resources Limited has secured exclusive mining rights to the 290 million tonne Weld Range Iron Ore Project through a landmark 30-year agreement with Baowu, significantly enhancing its growth prospects. The company achieved record operational performance in the September 2025 quarter, with increased iron ore shipments and successful commissioning of its third mine, Beebyn-W11, positioning Fenix for sustainable long-term shareholder value.

The most recent analyst rating on (AU:FEX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Expands Iron Ore Hedging Strategy Amid Market Changes
Oct 13, 2025

Fenix Resources Ltd has updated its iron ore hedge book, securing new contracts for an additional 300,000 tonnes of iron ore, bringing the total hedged volume to 720,000 tonnes at an average price of A$153.18 per tonne until June 2026. This move aligns with the company’s Price Protection Policy, ensuring a positive cash flow margin while maintaining exposure to spot prices. The hedging contracts, in partnership with Macquarie Bank, will transition to a new index reflecting changes in iron ore quality specifications, potentially impacting the company’s financial strategy and market positioning.

The most recent analyst rating on (AU:FEX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Announces Annual General Meeting for November 2025
Oct 2, 2025

Fenix Resources Ltd has announced its Annual General Meeting scheduled for 27 November 2025 in Perth, Western Australia. The company has set a deadline for director nominations by 9 October 2025. This meeting is a significant event for stakeholders as it provides an opportunity to discuss the company’s strategic direction and operational performance. The announcement underscores Fenix’s commitment to transparency and stakeholder engagement, which is crucial for maintaining its position in the competitive mining industry.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$1.03 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Director Increases Stake with New Performance Rights
Sep 23, 2025

Fenix Resources Limited announced a change in the interest of its director, John Paul Welborn, with the acquisition of 30,000,000 performance rights, increasing his total to 45,000,000. This change, approved at the company’s general meeting, reflects a strategic move to align the director’s interests with the company’s performance, potentially impacting the company’s governance and stakeholder confidence.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$1.03 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Updates Director’s Interest with New Performance Rights
Sep 23, 2025

Fenix Resources Limited announced a change in the director’s interest, specifically regarding Craig Douglas Mitchell. The company issued 30,000,000 performance rights to Mr. Mitchell, increasing his total holdings to 35,000,000 performance rights. This change followed shareholder approval at the company’s general meeting, indicating a strategic move to align the director’s interests with the company’s performance goals.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$1.03 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Issues Performance Rights to Boost Employee Incentives
Sep 23, 2025

Fenix Resources Limited has announced the issuance of 65,363,098 performance rights as part of an employee incentive scheme. This move is likely aimed at aligning employee interests with company performance, potentially impacting the company’s operational efficiency and market positioning positively.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$1.03 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Approves Key Resolutions to Boost Operations
Sep 18, 2025

Fenix Resources Ltd announced the approval of several key resolutions at its General Meeting, including the Employee Securities Incentive Plan and the issuance of Performance Rights to Executive Directors John Welborn and Craig Mitchell. These approvals are expected to enhance the company’s operational capabilities and align executive incentives with shareholder interests, potentially strengthening Fenix’s market position and stakeholder relationships.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$1.03 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Issues New Securities to Boost Market Position
Sep 3, 2025

Fenix Resources Limited has announced the issuance of 330,000 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code FEX. This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing operations, potentially impacting its market positioning and stakeholder interests.

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

Fenix Resources Director Increases Shareholding
Sep 2, 2025

Fenix Resources Limited has announced a change in the interests of its director, John Paul Welborn, who acquired 650,000 additional shares through on-market trades, increasing his total holdings to 21,650,000 shares. This acquisition reflects a significant personal investment by the director, potentially indicating confidence in the company’s future prospects and stability, which may positively influence stakeholder perceptions.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Secures Major Iron Ore Mining Agreement with Baowu
Aug 31, 2025

Fenix Resources Limited has secured a transformative 30-year agreement with Sinosteel Midwest Corporation, a subsidiary of China Baowu Steel Group, granting exclusive rights to mine 290 million tonnes of iron ore from the Weld Range Project in Western Australia. This agreement significantly extends Fenix’s mine life and production capacity, aligning with its goal to become a 10 million tonne per annum producer. The partnership with the world’s largest steelmaker, Baowu, enhances Fenix’s industry positioning and presents opportunities for regional collaboration and increased production, promising substantial value creation for stakeholders.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Initiates Trading Halt Ahead of Major Acquisition Announcement
Aug 28, 2025

Fenix Resources Limited, listed on the ASX under the ticker FEX, has requested a trading halt on its securities pending an announcement regarding a significant acquisition. This halt will remain in effect until the announcement is made or until normal trading resumes on September 1, 2025. The trading halt indicates a potentially impactful move by Fenix Resources, which could influence its market position and stakeholder interests.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Achieves Record Iron Ore Production and Expands to Multi-Mine Operations
Aug 27, 2025

Fenix Resources Limited announced record production for FY25, achieving 2.4 million tonnes of iron ore, a 64% increase from the previous year. The company successfully transitioned to a multi-mine operation, with the commissioning of the Shine and Beebyn-W11 mines, contributing to a targeted production rate of 4Mtpa. Despite a decline in iron ore prices, Fenix maintained strong cash flow and profitability, declaring a fully franked dividend of 1 cent per share. The company aims for further growth in FY26, targeting sales of 4.0 to 4.4 million tonnes at a competitive cash cost. This strategic expansion and financial resilience position Fenix as a robust player in the iron ore market, poised for future opportunities.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Limited Releases 2025 Corporate Governance Statement
Aug 27, 2025

Fenix Resources Limited has released its Corporate Governance Statement for the 2025 financial year, detailing its adherence to the ASX Corporate Governance Council’s recommendations. While the company largely complies with these guidelines, it has identified specific areas where it diverges, providing explanations and alternative practices. This statement underscores Fenix Resources’ commitment to maintaining robust governance structures, which is crucial for its stakeholders and market position.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Declares Dividend, Reinforcing Market Position
Aug 27, 2025

Fenix Resources Limited has announced a dividend distribution of AUD 0.01 per share for its fully paid ordinary shares, with the payment scheduled for September 19, 2025. This announcement reflects the company’s financial health and commitment to returning value to its shareholders, potentially enhancing its attractiveness to investors and reinforcing its market position.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Reports Revenue Growth Amid Profit Decline
Aug 27, 2025

Fenix Resources Limited reported a 22% increase in revenue for the year ending June 2025, despite an 84% decline in net profit attributable to owners. The company declared a final fully franked dividend of 1.0 cent per share, representing 137% of its FY25 net profit, as it balances rewarding shareholders with investing in growth opportunities.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Announces Upcoming General Meeting for Shareholders
Aug 19, 2025

Fenix Resources Limited has announced a general meeting scheduled for September 18, 2025, to be held in Perth, Western Australia. Shareholders are informed that the notice of the meeting will be available electronically, and they are encouraged to submit their proxy votes online or through other specified means. This meeting is significant for shareholders as it will involve voting on key company matters, and the company has provided multiple channels for shareholders to participate, ensuring accessibility and engagement.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.44 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Issues 3 Million New Shares
Aug 15, 2025

Fenix Resources Limited has announced the issuance of 3,000,000 fully paid ordinary shares, which will be quoted on the ASX starting August 15, 2025. This move is part of the company’s strategy to enhance its capital structure, potentially impacting its market positioning and providing additional resources for operational expansion.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.44 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

Fenix Resources Expands Iron Ore Hedge Book to 580,000 Tonnes
Aug 14, 2025

Fenix Resources Ltd has extended its iron ore hedging contracts, securing an additional 180,000 tonnes between October 2025 and June 2026, bringing the total hedged volume to 580,000 tonnes at an average price of A$154.38 per tonne. This strategic move aligns with the company’s Price Protection Policy, ensuring positive cash flow margins while maintaining exposure to spot prices. The expanded hedge book reflects consistent production from existing mines and growth from the new Beebyn-W11 Iron Ore Mine, with first shipments expected this quarter.

The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.44 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

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: Oct 29, 2025