Meeka Gold Limited (AU:MEK)
ASX:MEK
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MEK Stock Chart & Stats
AU$0.16
<AU$0.01(2.08%)
At close: 4:00 PM EST
AU$0.16
<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$382.97M
Enterprise ValueAU$352.15M
Total Cash (Recent Filing)AU$37.29M
Total Debt (Recent Filing)AU$6.47M
Price to Earnings (P/E)6.2
Beta0.82
Next Earnings
Sep 30, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.01
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$0.35Price Target Upside118.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.02
Revenue Forecast (FY)AU$173.55M
Bulls Say, Bears Say
Bulls Say
Conservative Balance SheetVery low leverage and a large equity base provide durable financial flexibility for a development-stage miner. This reduces near-term refinancing pressure, supports multi-stage exploration programs, and gives management scope to pursue project advancement without immediate reliance on high-cost debt.
Emerging Revenue TractionTransitioning from zero to recorded revenue indicates project advancement and initial commercialisation capacity. While modest, this durable shift demonstrates the company can generate sales from its assets, offering a foundation to scale operations and test project economics over the next several quarters.
Focused Gold Exploration/development ModelA clear, concentrated business model centered on gold projects in one region supports operational focus and resource allocation. Concentration enables repeatable exploration workflows, localized expertise and potential synergies across tenements, which are durable advantages for advancing projects toward production.
Bears Say
Deteriorating Cash GenerationSubstantial negative operating and free cash flow materially raise funding dependence and execution risk. Over a medium-term horizon this forces recurring capital raises or asset disposals to fund exploration and development, which can delay project timelines and dilute existing shareholders if sustainable cash generation isn't achieved.
Sustained Operating LossesPersistent operating and net losses indicate the company has not yet achieved a self-sustaining earnings profile. Over the coming months this constrains the ability to internally fund capex or ramp production, extending reliance on external capital and increasing risk that projects will require additional funding to progress.
Negative Returns On CapitalA negative return on equity signals poor capital efficiency: the sizable equity base isn't producing profits. If this persists, it can pressure management to change strategy, hinder investor confidence in long-term value creation, and necessitate corrective actions such as accelerated project prioritisation or capital restructuring.
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$382.97M.
When is Meeka Gold Limited’s upcoming earnings report date?
Meeka Gold Limited’s upcoming earnings report date is Sep 30, 2026 which is in 137 days.
How were Meeka Gold Limited’s earnings last quarter?
Meeka Gold Limited released its earnings results on Mar 15, 2026. The company reported AU$0.01 earnings per share for the quarter, beating the consensus estimate of N/A by AU$0.01.
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?
Meeka Gold Limited reported an EPS of AU$0.01 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 2.273%.
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
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
AU$0.35 (118.75% Upside)
AU$0.35 (118.75% Upside)
Blogger Sentiment
Bullish
AU:MEK Sentiment 96%
Sector Average 75%
Sector Average 75%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Fundamentals
Return on Equity
17.19%
Trailing 12-Months
Asset Growth
102.31%
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$0.35
▲(118.75% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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