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FireFly Metals
(Sydney:FFM)
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Rating:50Neutral
Price Target:
AU$2.00
▼(-4.76% Downside)
Action:Reiterated
Date:05/01/26
The score is held back primarily by pre-revenue operations, ongoing losses, and sustained negative free cash flow. A strong, low-debt balance sheet provides solvency support, while technicals are broadly neutral with longer-term trend support but mild near-term weakness; valuation is difficult to support given negative earnings and no dividend.
Positive Factors
Very low leverage and equity expansion
FireFly's FY2025 equity expansion and minimal debt create durable solvency support. With debt effectively immaterial and equity grown sharply, the company has balance-sheet capacity to fund development programs, lowering default risk and enabling strategic investment without debt pressure over the medium term.
Negative Factors
Pre-revenue operations
FireFly reports zero revenue across reported years, so its economic model has not yet converted projects into sales. Absence of operating revenue means no internal cash generation, making the business structurally dependent on external funding and raising execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage and equity expansion
FireFly's FY2025 equity expansion and minimal debt create durable solvency support. With debt effectively immaterial and equity grown sharply, the company has balance-sheet capacity to fund development programs, lowering default risk and enabling strategic investment without debt pressure over the medium term.
Read all positive factors
FireFly Metals (FFM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.35B
Dividend YieldN/A
Average Volume (3M)3.14M
Price to Earnings (P/E)―
Beta (1Y)2.58
Revenue GrowthN/A
EPS Growth57.09%
CountryAU
Employees12
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding768,786,000
10 Day Avg. Volume4,736,304
30 Day Avg. Volume3,135,030
Financial Highlights & Ratios
PEG Ratio0.55
Price to Book (P/B)1.77
Price to Sales (P/S)0.00
P/FCF Ratio-8.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.56Price Target Upside21.90% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)-0.02
Revenue Forecast (FY)N/A
FireFly Metals Business Overview & Revenue Model
Company Description
Established in 2004 and based in West Perth, Australia, FireFly Metals Ltd focuses on the exploration and discovery of mineral deposits across Canada and Australia. The company primarily targets gold and copper resources in its ventures. Its key a...
How the Company Makes Money
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FireFly Metals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
26
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.78M | -4.16M | -3.02M | -554.20K | -99.31K | -55.81K |
| EBITDA | -22.29M | -16.29M | -20.62M | -2.92M | -3.06M | -3.31M |
| Net Income | -6.36M | -11.36M | -22.45M | -3.48M | -3.16M | -3.37M |
Balance Sheet | ||||||
| Total Assets | 543.34M | 368.12M | 249.01M | 85.90M | 83.69M | 61.90M |
| Cash, Cash Equivalents and Short-Term Investments | 247.88M | 106.75M | 40.68M | 6.02M | 13.59M | 21.79M |
| Total Debt | 2.05M | 1.44M | 2.00M | 1.84M | 71.26K | 264.89K |
| Total Liabilities | 28.86M | 24.50M | 43.28M | 4.37M | 9.55M | 6.75M |
| Stockholders Equity | 492.73M | 321.38M | 184.09M | 59.59M | 56.63M | 39.08M |
Cash Flow | ||||||
| Free Cash Flow | -39.65M | -70.75M | -72.32M | -16.13M | -26.69M | -11.94M |
| Operating Cash Flow | -8.20M | -7.06M | -13.65M | 1.18M | -6.32M | -2.49M |
| Investing Cash Flow | -78.93M | -63.69M | -61.48M | -17.59M | -21.95M | -9.46M |
| Financing Cash Flow | 241.91M | 133.26M | 107.39M | 8.87M | 19.69M | 28.81M |
FireFly Metals Technical Analysis
Negative
2.10
Price Trends
1.91
Negative
1.88
Negative
1.83
Negative
Market Momentum
-0.05
Positive
40.97
Neutral
32.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FFM, the sentiment is Negative. The current price of 2.1 is above the 20-day moving average (MA) of 1.78, above the 50-day MA of 1.91, and above the 200-day MA of 1.83, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 40.97 is Neutral, neither overbought nor oversold. The STOCH value of 32.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FFM.
FireFly Metals Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | AU$1.28B | 11.75 | 20.65% | ― | 30.24% | 4.06% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | AU$1.35B | -150.45 | -1.56% | ― | ― | 57.09% | |
48 Neutral | AU$1.31B | -47.62 | -3.17% | ― | ― | 81.58% | |
47 Neutral | AU$825.38M | -22.86 | -10.17% | ― | -100.00% | 59.85% | |
43 Neutral | AU$1.28B | -13.32 | -35.30% | ― | ― | -50.75% | |
43 Neutral | AU$1.23B | -4.56 | -9.72% | ― | -3.54% | -49.86% |
* General Sector Average
AU:FFM
FireFly Metals
1.66
0.51
44.92%
AU:ARU
Arafura Resources
0.20
-0.03
-14.89%
AU:CXO
Core Lithium Ltd
0.24
0.12
100.00%
AU:MLX
Metals X Limited
1.37
0.73
112.40%
AU:IPX
Iperionx Limited
3.27
-2.03
-38.30%
AU:VUL
Vulcan Energy Resources Ltd.
2.69
-0.71
-20.81%
FireFly Metals Corporate Events
FireFly boosts Green Bay copper-gold resource confidence with high-grade core assays
Jul 1, 2026
FireFly Metals has reported a new round of high-grade copper-equivalent assays from infill drilling at its Green Bay copper-gold project in Canada, highlighting thick, continuous mineralisation within an 800m-long high-grade core zone that remains...
S&P Dow Jones Indices Unveils June 2026 Rebalance of Key S&P/ASX Benchmarks
Jun 5, 2026
SP Dow Jones Indices has announced its June 2026 quarterly rebalance for the SP/ASX family of indices, effective before the market open on 22 June. The changes adjust index composition across major Australian benchmarks, reflecting shifts in marke...
ATO backs FireFly Metals’ tax treatment of Bellavista share distribution
Jun 3, 2026
FireFly Metals has secured an Australian Taxation Office class ruling confirming that its in-specie distribution of Bellavista Resources shares constitutes a return of capital rather than a dividend for eligible shareholders. For those holding Fir...
FireFly Metals completes in‑specie return of capital via Bellavista share distribution
May 11, 2026
FireFly Metals has updated the market on its previously announced return of capital by way of an in‑specie distribution of shares in Bellavista Resources Ltd, which is also listed on the ASX. The company confirmed that the distribution of Be...
FireFly completes in-specie distribution of Bellavista shares to shareholders
May 11, 2026
FireFly Metals has completed a pro-rata in-specie distribution of 60 million Bellavista Resources shares to eligible shareholders, following the sale of its Pickle Crow and Sioux Lookout projects in Ontario. Eligible investors receive roughly one ...
FireFly Metals Confirms Final Terms of Bellavista In‑Specie Capital Return
May 5, 2026
FireFly Metals has updated its previously announced return of capital, confirming the final ratio for an in specie distribution of shares it holds in Bellavista Resources Ltd to FireFly shareholders. The adjustment follows the 4 May 2026 record da...
FireFly Metals sharpens focus on Green Bay as drilling, resource update and asset sale advance
Apr 30, 2026
FireFly Metals reported strong March-quarter progress at its Green Bay Copper-Gold Project, with extensive underground drilling confirming the scale, grade and continuity of an +800m high-grade core zone. The project’s Mineral Resource Estim...
FireFly Metals completes in specie capital return via Bellavista share distribution
Apr 29, 2026
FireFly Metals has updated its previously announced return of capital by way of an in specie distribution of shares in Bellavista Resources, confirming that key conditions precedent have been satisfied or waived and that the transaction has now co...
FireFly Metals Completes Sale of Ontario Gold Assets and Plans In‑Specie Share Distribution
Apr 29, 2026
FireFly Metals has completed the sale of its Ontario Gold Assets, comprising a 70% interest in the Pickle Crow Project and 100% of the Sioux Lookout Project, to Bellavista Resources in exchange for 60 million Bellavista shares and up to 50 million...
Bellavista clinches Pickle Crow gold deal and boosts funding for Canadian exploration push
Apr 29, 2026
Bellavista Resources has completed its acquisition from FireFly Metals of Auteco Minerals (Canada), securing an 80% effective interest in the high-grade Pickle Crow Gold Project and associated exploration assets in Ontario’s Uchi belt. The d...
FireFly shareholders back sale of Ontario gold assets to Bellavista
Apr 23, 2026
FireFly Metals has secured shareholder approval to sell its Ontario gold assets, comprising a 70 percent interest in the Pickle Crow Project and 100 percent of the Sioux Lookout Project, to Bellavista Resources. In return, FireFly will receive 60 ...
FireFly Metals Shareholders Back Capital Reduction and Equity Issuances
Apr 22, 2026
FireFly Metals has reported that all resolutions put to shareholders at its general meeting on 22 April 2026 were passed by poll with strong majorities. The approvals included an equal capital reduction with an in-specie distribution of shares, as...
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.