Kingsgate Consolidated Limited (AU:KCN)
ASX:KCN
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Kingsgate Consolidated Limited
(Sydney:KCN)
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Rating:74Outperform
Price Target:
AU$5.50
▼(-1.61% Downside)
Action:Upgraded
Date:04/23/26
The score is driven primarily by solid financial momentum (strong revenue growth and sharply higher free cash flow) and a very attractive valuation (low P/E with a modest dividend). Technicals add support with price above key moving averages and positive MACD, though elevated stochastic indicates the stock may be extended in the near term.
Positive Factors
Revenue & Free Cash Flow Growth
Material top-line and free-cash-flow gains demonstrate stronger underlying operating performance and cash conversion. Sustained FCF growth supports reinvestment, sustaining capital, and debt reduction, improving long-term liquidity and strategic optionality for the mine lifecycle over the next 2–6 months.
Negative Factors
Historic Margin & Cashflow Volatility
Past swings in margins, cash flow and prior balance-sheet weakness show the company’s operating performance can revert quickly. Such volatility can impair planning for capex, exploration and dividends, making forward cash forecasts and investment decisions less reliable over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Free Cash Flow Growth
Material top-line and free-cash-flow gains demonstrate stronger underlying operating performance and cash conversion. Sustained FCF growth supports reinvestment, sustaining capital, and debt reduction, improving long-term liquidity and strategic optionality for the mine lifecycle over the next 2–6 months.
Read all positive factors
Kingsgate Consolidated Limited (KCN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.33B
Dividend YieldN/A
Average Volume (3M)2.04M
Price to Earnings (P/E)10.5
Beta (1Y)2.16
Revenue Growth129.69%
EPS Growth-47.36%
CountryAU
Employees574
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.44
Shares Outstanding266,048,160
10 Day Avg. Volume3,107,585
30 Day Avg. Volume2,037,040
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)1.90
Price to Sales (P/S)1.80
P/FCF Ratio12.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$8.63Price Target Upside54.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.81
Revenue Forecast (FY)AU$636.95M
Kingsgate Consolidated Limited Business Overview & Revenue Model
Company Description
Established in 1970 and based in Sydney, Australia, Kingsgate Consolidated Limited focuses on the discovery, advancement, and extraction of gold and silver from mineral resources. The company's portfolio features a complete ownership of the Nueva ...
How the Company Makes Money
Kingsgate primarily makes money by producing and selling gold and silver from its Chatree Gold Mine. Revenue is generated from the sale of refined (or dore) metal into commodity markets, with realized pricing largely linked to prevailing gold and ...
Kingsgate Consolidated Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
55
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 483.93M | 336.75M | 133.09M | 27.34M | 0.00 | 12.34M |
| Gross Profit | 163.53M | 69.90M | -2.74M | -15.05M | -101.00K | 6.33M |
| EBITDA | 116.18M | 94.46M | 213.84M | 22.57M | -10.40M | -7.38M |
| Net Income | 115.09M | 29.46M | 199.76M | 4.74M | -12.42M | -8.88M |
Balance Sheet | ||||||
| Total Assets | 646.91M | 541.78M | 388.94M | 126.72M | 43.76M | 44.69M |
| Cash, Cash Equivalents and Short-Term Investments | 99.82M | 23.78M | 6.98M | 13.05M | 7.42M | 9.98M |
| Total Debt | 132.51M | 116.85M | 59.41M | 24.04M | 19.89M | 11.15M |
| Total Liabilities | 221.17M | 222.47M | 141.25M | 76.67M | 51.65M | 36.38M |
| Stockholders Equity | 425.74M | 319.31M | 247.69M | 50.05M | -7.89M | 8.30M |
Cash Flow | ||||||
| Free Cash Flow | 123.36M | 48.00M | -7.65M | -46.02M | -13.80M | -4.42M |
| Operating Cash Flow | 146.98M | 87.30M | 11.68M | -45.26M | -13.78M | -4.42M |
| Investing Cash Flow | -53.95M | -56.10M | -24.49M | -5.88M | 1.62M | -1.16M |
| Financing Cash Flow | -15.65M | -11.82M | 7.86M | 52.74M | 9.59M | -86.00K |
Kingsgate Consolidated Limited Technical Analysis
Negative
5.59
Price Trends
5.79
Negative
5.92
Negative
4.99
Positive
Market Momentum
-0.16
Positive
35.38
Neutral
6.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:KCN, the sentiment is Negative. The current price of 5.59 is below the 20-day moving average (MA) of 6.11, below the 50-day MA of 5.79, and above the 200-day MA of 4.99, indicating a neutral trend. The MACD of -0.16 indicates Positive momentum. The RSI at 35.38 is Neutral, neither overbought nor oversold. The STOCH value of 6.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:KCN.
Kingsgate Consolidated Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | AU$2.47B | 9.75 | 68.49% | ― | 82.10% | 237.67% | |
74 Outperform | AU$1.33B | 10.46 | 30.89% | ― | 129.69% | -47.36% | |
62 Neutral | AU$1.35B | 10.52 | 22.55% | ― | -0.53% | 48.19% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | AU$1.03B | 9.40 | 19.74% | ― | 53.05% | ― | |
50 Neutral | AU$819.98M | 40.64 | 6.29% | ― | ― | ― | |
46 Neutral | AU$683.53M | -13.96 | -11.26% | ― | 17.55% | 40.51% |
* Basic Materials Sector Average
AU:KCN
Kingsgate Consolidated Limited
5.01
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138.00%
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Kingsgate Consolidated Limited Corporate Events
State Street Group Ceases to Be Substantial Holder in Kingsgate Consolidated
Jun 5, 2026
State Street Corporation and several of its investment management subsidiaries have lodged a notice that they have ceased to be substantial shareholders in Kingsgate Consolidated Limited. The filing indicates that these related entities, which pre...
Kingsgate Consolidated to Join S&P/ASX 200 in June Rebalance
Jun 5, 2026
SP Dow Jones Indices has announced its June 2026 quarterly rebalance of the SP/ASX indices, with Kingsgate Consolidated Limited set to be added to the SP/ASX 200 Index prior to the market open on June 22, 2026. The review also includes multiple ad...
Kingsgate Concludes A$2.34m On‑Market Share Buy-Back
May 12, 2026
Kingsgate Consolidated Limited has completed its current on-market share buy-back program for its ordinary fully paid shares, with the buy-back period now expired. The company repurchased a total of 1,190,120 shares on market, paying aggregate con...
Kingsgate Appoints New Director With No Current Shareholdings
May 7, 2026
Kingsgate Consolidated Limited has notified the ASX of the appointment of Gregory Michael Orrell as a director effective 1 May 2026. The filing is an initial director’s interest notice required under listing rules and the Corporations Act.Ac...
Kingsgate Director Peter Warren Cuts Indirect Shareholding by 25%
May 4, 2026
Kingsgate Consolidated has reported a change in the relevant interests of director Peter William Warren, who disposed of 50,000 fully paid ordinary shares held indirectly through the Peter Warren Superannuation Fund. Following this on-market trade...
Kingsgate boosts cash and margins as Chatree delivers fifth strong quarter
Apr 30, 2026
Kingsgate Consolidated’s Chatree Gold Mine delivered another solid quarter to 31 March 2026, producing 21,036 ounces of gold and 182,549 ounces of silver, marking a fifth straight quarter above 20,000 ounces of gold and underscoring operatio...
Kingsgate Reaffirms Resource Estimates and Compliance in 2026 Investor Briefing
Apr 13, 2026
Kingsgate Consolidated has released an investor presentation dated March 2026 outlining current information on its operations, mineral resources, ore reserves and exploration results. The company stresses that the material is informational only, s...
Kingsgate reshapes governance team with new Company Secretary appointment
Mar 26, 2026
Kingsgate Consolidated has announced a change in its company secretariat, with the immediate resignation of Stephanie Wen, who is credited by the board with contributing during a period of strong growth for the gold and silver miner. The move come...
Kingsgate faces Thai class-action payout as Chatree mine operations remain steady
Mar 25, 2026
Kingsgate Consolidated says its Chatree Gold Mine in Thailand is maintaining secure fuel supplies despite a challenging economic backdrop, crediting proactive procurement, tight inventory control, and strong supplier relationships for keeping oper...
Kingsgate Appoints Kerry Ann Stevenson to Board with No Initial Shareholdings
Mar 18, 2026
Kingsgate Consolidated Limited has notified the ASX of the appointment of Kerry Ann Stevenson as a director effective 18 March 2026. The initial director’s interest notice confirms that Stevenson currently holds no relevant interests in King...
Kingsgate adds gold market heavyweights to board as it eyes next growth phase
Mar 17, 2026
Kingsgate Consolidated has strengthened its board by appointing U.S.-based gold fund specialist Greg Orrell and Australian resources commentator and advisor Kerry Stevenson as independent non-executive directors. Their deep expertise in global gol...
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.