Lowell Resources Fund (LRT) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 1.22%
• Average Volume (3M): 58.94K
• Price to Earnings (P/E): 1.9
• Beta (1Y): 0.76
• Revenue Growth: 69.90%
• EPS Growth: 1062.02%
• Country: AU
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): N/A
• Shares Outstanding: 41,557,137
• 10 Day Avg. Volume: 55,319
• 30 Day Avg. Volume: 58,943
• PEG Ratio: <0.01
• Price to Book (P/B): 0.74
• Price to Sales (P/S): 101.77
• P/FCF Ratio: -19.93
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: AU$3.50 ▲(57.66% Upside)
• Action: Upgraded Date: 02/03/26
• Date: Action: Upgraded 02/03/26

The score is driven primarily by strong financial positioning (debt-free balance sheet) and attractive valuation (low P/E), partially offset by a meaningful cash-flow warning sign (negative operating and free cash flow despite high reported profitability). Technicals add support with price above key moving averages and neutral-to-positive momentum.

Positive Factors

Debt-free balance sheet

A debt-free, equity-heavy balance sheet materially lowers financial risk and preserves strategic optionality. Over months this enables resilient operations, capacity to fund opportunities or weather downturns without refinancing, and supports stable capital allocation decisions.

High recent profitability

Sustained high margins and a strong recent revenue step-up indicate the business can generate meaningful operating profits. If maintained, such profitability provides cash to reinvest, support distributions, and absorb shocks, improving medium-term financial durability.

Historical cash generation ability

A historical track record of converting earnings into free cash flow shows the business ordinarily generates internal funding. That past cash conversion ability suggests the company has structural capability to support operations and capital needs absent persistent adverse changes.

Negative Factors

Recent negative cash flow

A sharp disconnect between net income and cash flow reduces financial flexibility: negative operating/FCF can force cuts to reinvestment or distributions, increase reliance on reserves or external funding, and highlights potential issues in receivables, timing, or earnings quality.

Volatile earnings history

Wide swings in profitability and past negative gross profit episodes make future earnings less predictable. For investors and managers, this volatility complicates capital allocation, planning, and undermines confidence that recent strong margins will persist across economic cycles.

Inconsistent revenue trend

A large negative revenue growth metric signals structural instability in top-line generation. Persistent or recurring revenue declines reduce the sustainability of margins and cash flow, increasing operational leverage risk and weakening long-term growth visibility.

Lowell Resources Fund Business Overview & Revenue Model

Company Description

Lowell Resources Fund is an open-ended equity mutual fund launched by Lowell Capital Limited. The fund is managed by Lowell Resources Funds Management Pty. Ltd. It invests in the public equity markets of Australia. The fund invests in the stocks of companies operating across resources sectors, involved in late-exploration, pre-development, development or production stage. It invests in the stocks of small cap companies. The fund employs fundamental analysis focusing on factors like sound corporate financial structure, proven technical management performance and board caliber, attractive valuations and cashflow, and earnings growth projections to create its portfolio. Lowell Resources Fund was formed on January 21, 1986 and is domiciled in Australia.

How the Company Makes Money

Lowell Resources Fund makes money primarily through the appreciation of its investment portfolio and the income generated from its holdings. The fund invests in a variety of resource-based companies, including those involved in mining, exploration, and energy production. These investments can yield returns in the form of capital gains as the value of the companies' stocks increases. Additionally, the fund may earn dividends or interest from its investments, contributing to its overall revenue. The performance of the fund is heavily influenced by global commodity prices, market demand for resources, and the operational success of the companies in which it invests. The fund may also engage in strategic partnerships with mining and exploration companies to enhance its investment opportunities and maximize returns.

Lowell Resources Fund Financial Statement Overview

Summary

Balance sheet strength is a major positive (no debt, large equity base; Balance Sheet Score 83). However, earnings quality is mixed: income statement profitability rebounded sharply (Income Statement Score 61) but has been volatile historically, and the latest period shows weak cash conversion with negative operating/free cash flow (Cash Flow Score 38), which is the key near-term risk.

Income Statement

Profitability looks strong in the most recent annual period, with net margin around 42% and a sharp revenue rebound (up ~223% year over year). However, results have been volatile across years (including periods of negative gross profit and large revenue swings), which reduces confidence in the durability of earnings despite the recent step-up.

Balance Sheet

The balance sheet is conservatively positioned with no debt reported and a large equity base relative to assets, which materially lowers financial risk. Return on equity improved meaningfully in the latest year (~31%), but it has varied widely historically, indicating that underlying returns may not be consistently repeatable.

Cash Flow

Cash generation weakened notably in the latest year, with operating cash flow and free cash flow turning negative (about -$2.7M) despite strong reported net income, signaling a mismatch between earnings and cash conversion. Prior years were generally cash-flow positive with free cash flow roughly tracking net income, but the latest reversal is a key near-term concern.

Breakdown	TTM	Jun 2024	Jun 2024	Jun 2022	Jun 2021	Jun 2021
Income Statement
Total Revenue	163.06K	527.14K	3.13M	1.60M	2.29M	16.94M
Gross Profit	-644.37K	23.98M	-1.11M	452.65K	-988.60K	13.23M
EBITDA	8.28M	22.17M	1.47M	58.72K	558.42K	15.48M
Net Income	32.29M	22.17M	1.47M	58.72K	558.42K	15.48M
Balance Sheet
Total Assets	54.22M	74.74M	47.51M	46.97M	47.18M	49.91M
Cash, Cash Equivalents and Short-Term Investments	9.18M	8.01M	6.26M	4.66M	4.65M	5.59M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	553.84K	2.41M	5.58M	2.23M	3.40M	4.20M
Stockholders Equity	53.66M	72.33M	41.92M	44.29M	43.56M	44.48M
Cash Flow
Free Cash Flow	5.65M	-2.69M	2.74M	503.10K	1.34M	592.28K
Operating Cash Flow	5.65M	-2.69M	2.74M	503.10K	1.34M	592.28K
Investing Cash Flow	0.00	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	-1.13M	4.44M	-1.13M	-492.90K	-2.29M	2.72K

Lowell Resources Fund Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.22
• 50DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LRT, the sentiment is Negative. The current price of 2.22 is above the 20-day moving average (MA) of 1.98, above the 50-day MA of 2.01, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 48.35 is Neutral, neither overbought nor oversold. The STOCH value of 81.55 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:LRT.

Lowell Resources Fund Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAM	72 Outperform	AU$68.59M	7.05	32.22%	6.39%	22.67%	19.47%
LRT	70 Outperform	―	1.86	38.81%	1.22%	69.90%	1062.02%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SB2	61 Neutral	AU$63.06M	-40.11	3.57%	6.89%	30.36%	-31.47%
LCE	55 Neutral	AU$26.98M	70.25	2.17%	2.94%	38.32%	―
CIW	53 Neutral	AU$28.88M	29.10	2.42%	2.03%	18.17%	―

Lowell Resources Fund Corporate Events

Lowell Resources Fund Posts Surge in Profit as Gold and Resource Plays Drive NAV Higher

Lowell Resources Fund reported a sharp turnaround for the half year to 31 December 2025, with revenue from operations surging to $50.46 million and profit rising to $46.2 million, driving earnings per unit to $1.111 and lifting net assets attributable to unitholders to $118.65 million. Net asset value per security more than doubled year-on-year, and underlying NAV rose 63.34% over six months, extending a 10-year track record of 23.9% annualised growth and consistent outperformance of key Australian resource and broader equity benchmarks.

Performance was underpinned by strong precious metals markets, particularly a near 30% rise in the gold price, with the fund holding 53% of its portfolio in gold equities alongside positions in platinum group metals, copper, uranium, and select minor metals. Unitholders approved changes to the manager’s remuneration, including tying performance fees to the S&P/ASX Small Resources Accumulation Index, while the portfolio’s sector tilts, such as reduced oil and gas exposure and increased copper and manganese plays, position the fund to benefit from evolving commodity and macroeconomic trends.

The most recent analyst rating on (AU:LRT) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Lowell Resources Fund stock, see the AU:LRT Stock Forecast page.

Lowell Resources Fund Posts Updated NAV of $3.0007 per Unit

Lowell Resources Fund reported an estimated net asset value per unit of $3.0007 as at 6 February 2026, providing investors with an updated measure of the trust’s underlying portfolio value. The NAV disclosure offers transparency on the fund’s performance in the volatile junior resources space and may guide investor sentiment and valuation expectations for the listed units.

The most recent analyst rating on (AU:LRT) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Lowell Resources Fund stock, see the AU:LRT Stock Forecast page.

Lowell Resources Fund lifts NAV on strong resources gains and portfolio expansion

Lowell Resources Fund reported a strong January 2026, with estimated net asset value rising to about A$129.3 million from A$118.5 million in December, and NAV per unit climbing 8.9% to $3.1103 following a robust December gain. The ASX-listed units closed the month at $2.80, implying a discount to NAV, while the fund’s performance was buoyed by a 140% share price surge in portfolio holding Kingfisher Metals after a significant copper-gold porphyry discovery in British Columbia.

During January, the fund actively repositioned its portfolio, adding to gold exposure via Auravelle Metals, increasing energy holdings through Equus Energy, and expanding its base metals positions in several copper explorers along with a new lithium investment in Pursuit Minerals. With more than half of its exposure in gold and meaningful allocations to copper and other critical minerals, the fund continues to align its strategy with metals linked to long-term demand themes, potentially enhancing its appeal to investors seeking leveraged resource-sector growth.

The most recent analyst rating on (AU:LRT) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Lowell Resources Fund stock, see the AU:LRT Stock Forecast page.

Lowell Resources Fund Posts Estimated $3.11 NAV per Unit for January 2026

Lowell Resources Fund has reported an estimated net asset value (NAV) per unit of $3.1103 as at 31 January 2026, providing investors with an updated measure of the fund’s underlying portfolio value. This NAV update offers current insight into the performance and valuation of its concentrated exposure to junior resource companies, a high-risk, high-reward area where shifts in commodity prices and exploration outcomes can materially influence returns for unitholders.

The most recent analyst rating on (AU:LRT) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Lowell Resources Fund stock, see the AU:LRT Stock Forecast page.

Lowell Resources Fund Posts Estimated NAV of $3.3340 per Unit

Lowell Resources Fund has reported an estimated net asset value (NAV) per unit of $3.3340 as at 23 January 2026, providing investors with an updated measure of the fund’s underlying portfolio value in the junior resources sector. The NAV update offers transparency on performance in a high-risk, high-reward market segment and may inform investor sentiment and valuation assessments for the ASX-listed fund.

The most recent analyst rating on (AU:LRT) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Lowell Resources Fund stock, see the AU:LRT Stock Forecast page.

Lowell Resources Fund Posts Estimated NAV of $3.0493 per Unit

Lowell Resources Fund has reported an estimated net asset value (NAV) of $3.0493 per unit as at 16 January 2026. The NAV update provides investors with a current snapshot of the fund’s valuation, offering insight into the performance of its concentrated portfolio in junior resource companies and helping stakeholders assess the fund’s positioning and value in a volatile resources investment environment.

The most recent analyst rating on (AU:LRT) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Lowell Resources Fund stock, see the AU:LRT Stock Forecast page.

Lowell Resources Fund Posts Estimated NAV of $2.96 per Unit

Lowell Resources Fund has reported an estimated net asset value (NAV) of $2.96 per unit as at 9 January 2026. The update provides investors with a current valuation marker for the fund’s portfolio of junior resource stocks, offering a snapshot of performance in a high-risk, high-reward sector that is sensitive to commodity price movements and broader market conditions.

The most recent analyst rating on (AU:LRT) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Lowell Resources Fund stock, see the AU:LRT Stock Forecast page.

Lowell Resources Fund Delivers Strong December as NAV Jumps and Portfolio Tilts Further to Gold and Critical Minerals

Lowell Resources Fund reported a strong performance in December 2025, with estimated net asset value rising to about AUD$118.7 million from AUD$104.4 million a month earlier and NAV per unit climbing 13.1% to $2.8550, even as its ASX-traded unit price closed at a lower $2.29, implying a continued discount to underlying asset value. The month’s performance was bolstered by Black Horse Mining, whose shares surged 105% following its $8 million IPO and ASX listing, while the fund actively repositioned its portfolio by increasing exposure to uranium, gas, copper, and select gold and silver names, exiting some Scandinavian gold and graphite positions, and adding stakes in new ASX and TSXV listings, moves that reinforce its tilt toward gold and precious metals (over half of commodity exposure) and critical minerals, and signal an ongoing strategy of backing early-stage explorers and developers in key Australian resource provinces and the Athabasca Basin.

The most recent analyst rating on (AU:LRT) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Lowell Resources Fund stock, see the AU:LRT Stock Forecast page.

Lowell Resources Fund Posts Updated NAV of $2.8541 per Unit

Lowell Resources Fund has reported an estimated net asset value per unit of $2.8541 as at 2 January 2026, providing investors with an updated measure of the fund’s underlying portfolio value. The disclosure underlines the fund’s ongoing transparency to unitholders and reflects the performance of its concentrated exposure to junior resource companies across metals and energy markets.

The most recent analyst rating on (AU:LRT) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Lowell Resources Fund stock, see the AU:LRT Stock Forecast page.

Lowell Resources Fund Posts Estimated NAV of $2.8550 per Unit at Year-End

Lowell Resources Fund has reported an estimated net asset value (NAV) per unit of $2.8550 as at 31 December 2025. The update provides investors with an indication of the fund’s current valuation and reflects the performance of its actively managed portfolio of junior resource exploration and development companies across metals and energy, a sector known for volatility and potential high returns.

The most recent analyst rating on (AU:LRT) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Lowell Resources Fund stock, see the AU:LRT Stock Forecast page.

Lowell Resources Fund Updates NAV to $2.83 per Unit

Lowell Resources Fund has reported an estimated net asset value (NAV) per unit of $2.8308 as at 26 December 2025, providing investors with an updated indication of the fund’s current valuation. The NAV disclosure offers transparency on performance in the junior resources-focused portfolio and may influence investor sentiment and trading in LRT units as markets assess the fund’s positioning in a volatile, high-risk resources sector.

Lowell Resources Fund Posts Estimated NAV of $2.70 per Unit

Lowell Resources Fund has reported an estimated net asset value (NAV) per unit of $2.6965 as at 19 December 2025. The update provides investors with an indication of the current value of their holdings and the performance of the fund’s concentrated exposure to junior resource companies, a sector characterised by high risk and high return potential.

Lowell Resources Fund Reports Updated Net Asset Value

Lowell Resources Fund announced an estimated Net Asset Value (NAV) per unit of $2.6438 as of December 12, 2025. This update reflects the fund’s ongoing commitment to transparency and provides stakeholders with a clear view of the fund’s current valuation, which is crucial for investment decisions and market positioning.

Lowell Resources Fund Sees NAV Growth and Strategic Investments in November 2025

In November 2025, Lowell Resources Fund reported a slight increase in its net asset value (NAV) to approximately $104.4 million, with a NAV per unit rise of 0.4%. The fund’s top performer was Alvo Minerals Ltd, whose share price surged by 75% following a significant mineral discovery in Brazil. The fund also made strategic investments in gold explorers and base metal companies, enhancing its positions in various regions, including Argentina, West Africa, and Brazil. These actions reflect the fund’s ongoing strategy to capitalize on opportunities within the resources sector, potentially impacting its market positioning and offering growth prospects for stakeholders.

Lowell Resources Fund Announces Updated Net Asset Value

Lowell Resources Fund announced an estimated Net Asset Value (NAV) per Unit of $2.5798 as of December 5, 2025. This update reflects the fund’s ongoing commitment to transparency and its focus on delivering strong returns from the junior resources sector, potentially impacting investor confidence and market positioning.

Lowell Resources Fund Announces NAV Update

Lowell Resources Fund announced an estimated Net Asset Value per Unit of $2.5130 as of November 30, 2025. This update reflects the fund’s ongoing commitment to delivering strong returns in the high-risk, high-reward junior resources sector, potentially impacting stakeholders by reinforcing the fund’s market positioning and investment appeal.