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Meeka Gold Limited (AU:MEK)
ASX:MEK
MEK Stock Chart & Stats
AU$0.22
<AU$0.01(2.08%)
At close: 4:00 PM EST
AU$0.22
<AU$0.01(2.08%)
Day’s Range― - ―
52-Week RangeAU$0.12 - AU$0.31
Previous CloseN/A
Volume37.70M
Average Volume (3M)21.90M
Market Cap
AU$633.37M
Enterprise ValueAU$550.32M
Total Cash (Recent Filing)AU$55.65M
Total Debt (Recent Filing)AU$2.06M
Price to Earnings (P/E)―
Beta0.58
Next Earnings
Mar 12, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding2,945,888,200
10 Day Avg. Volume21,449,787
30 Day Avg. Volume21,896,045
Financial Highlights & Ratios
PEG Ratio3.63
Price to Book (P/B)2.03
Price to Sales (P/S)222.02
P/FCF Ratio-4.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.39Price Target Upside79.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.03
Revenue Forecast (FY)AU$249.95M
Bulls Say, Bears Say
Bulls Say
Low Leverage / Strong Balance SheetA very low debt-to-equity ratio (~0.01) and a sizable equity base provide durable financial flexibility, lowering refinancing and bankruptcy risk while enabling funding of exploration and development activities. This conservative capital structure supports project advancement over the coming months.
Revenue EmergenceTransitioning from no revenue to A$1.39m in FY2025 indicates tangible top-line progress and partial commercial validation of project activities. While still small, this revenue emergence reduces absolute project risk and supports staged development planning over the medium term.
Accessible Funding PathwaysMeeka's stated funding model—equity raises, farm-outs/joint ventures, asset sales or royalties—provides multiple durable options to finance exploration and development. Combined with low leverage and a large equity base, these structural funding channels reduce execution risk across the next 2–6 months.
Bears Say
Deteriorating Cash GenerationOperating cash flow is consistently negative and free cash flow deteriorated sharply to about -A$71.7m in FY2025. The scale of FY2025 outspend materially increases near-term funding needs, heightening dilution and execution risk as substantial external financing may be required before production.
Sustained Losses And Weak MarginsThe company remains loss-making with widened operating and net losses in FY2025 and deeply negative margins. Persistent unprofitability means the equity base is not generating returns, pressuring the need for ongoing capital and constraining long-term self-sufficiency until commercial production.
Exploration-stage Operational RiskMeeka is fundamentally an exploration and development company with no operating mines; its value depends on successful resource definition, permitting and development. That structural profile entails geological, regulatory and timeline risk, making near-term progress and cash generation uncertain.
Meeka Gold Limited News
MEK FAQ
What was Meeka Gold Limited’s price range in the past 12 months?
Meeka Gold Limited lowest share price was AU$0.12 and its highest was AU$0.30 in the past 12 months.
What is Meeka Gold Limited’s market cap?
Meeka Gold Limited’s market cap is AU$633.37M.
When is Meeka Gold Limited’s upcoming earnings report date?
Meeka Gold Limited’s upcoming earnings report date is Mar 12, 2026 which is today.
How were Meeka Gold Limited’s earnings last quarter?
Currently, no data Available
Is Meeka Gold Limited overvalued?
According to Wall Street analysts Meeka Gold Limited’s price is currently Undervalued.
Does Meeka Gold Limited pay dividends?
Meeka Gold Limited does not currently pay dividends.
What is Meeka Gold Limited’s EPS estimate?
Meeka Gold Limited’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Meeka Gold Limited have?
Meeka Gold Limited has 2,945,888,200 shares outstanding.
What happened to Meeka Gold Limited’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of Meeka Gold Limited?
Currently, no hedge funds are holding shares in AU:MEK
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Meeka Gold Limited Stock Smart Score
Underperform
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Analyst Consensus
Moderate Buy
Average Price Target:
AU$0.39 (79.50% Upside)
AU$0.39 (79.50% Upside)
Blogger Sentiment
Bullish
AU:MEK Sentiment 98%
Sector Average ―
Sector Average ―
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Fundamentals
Return on Equity
-3.45%
Trailing 12-Months
Asset Growth
356.27%
Trailing 12-Months
Company Description
Meeka Gold Limited
Meeka Metals Limited engages in the exploration of gold and rare earth properties in Australia. Its flagship project is the Murchison gold project covering an area of 343 square kilometers located in the prolific Murchison Gold Fields, Western Australia. The company was formerly known as Meeka Gold Limited and changed its name to Meeka Metals Limited in July 2022. Meeka Metals Limited is based in West Perth, Australia.
MEK Stock 12 Month Forecast
Average Price Target
AU$0.39
▲(79.50% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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