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Polymetals Resources Ltd. (AU:POL)
ASX:POL
Australian Market

Polymetals Resources Ltd. (POL) AI Stock Analysis

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AU:POL

Polymetals Resources Ltd.

(Sydney:POL)

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Neutral 44 (OpenAI - 5.2)
Rating:44Neutral
Price Target:
AU$0.98
▼(-4.41% Downside)
Action:ReiteratedDate:02/17/26
Overall score is driven down primarily by weak financial performance (large losses, high leverage, and negative cash flow) and a bearish technical setup (below key moving averages with negative MACD). Valuation provides only limited support because the negative P/E reflects ongoing unprofitability and there is no dividend yield data.
Positive Factors
Diversified polymetallic focus
Polymetals' strategic focus on polymetallic deposits provides durable portfolio diversification across base and precious metals. This allows the company to prioritize higher‑value ores, hedge commodity-specific cycles, and capture multiple demand drivers from industrial metals and precious metal markets.
Positive revenue trend
A 5.22% revenue increase in 2025 signals expanding commercial activity or project monetization beyond pure exploration. Sustained revenue growth helps absorb fixed costs, supports scaling of operations, and is a prerequisite for moving from exploration to development and eventual profitable production if margins are improved.
Improving free cash flow growth
A large free cash flow growth rate and an FCF-to-net-income ratio above 1 indicate improving cash conversion versus accounting losses. If sustained, this trend can reduce reliance on external financing, improve project funding optionality, and signal operational improvements that support longer‑term viability.
Negative Factors
Severe unprofitability
Extremely negative EBIT and net margins demonstrate that current operations destroy value: costs and impairments far exceed revenues. Without structural cost reduction, higher realized metal prices, or a shift to higher‑margin assets, these margins will force continued capital raises, asset sales, or curtailed development.
High financial leverage
A debt-to-equity ratio above 1 with a low equity ratio signals heavy reliance on debt funding. With negative earnings and cashflow, high leverage limits financial flexibility, raises refinancing and covenant risk, and increases vulnerability to commodity price downturns that can impair project financing and development timelines.
Negative operating and free cash flow
Core operations currently consume cash, requiring external funding to sustain exploration and development. Persistent negative OCF/FCF increases the likelihood of dilution or additional debt, constrains capital allocation to high‑return projects, and undermines the company’s ability to execute multi‑year development plans.

Polymetals Resources Ltd. (POL) vs. iShares MSCI Australia ETF (EWA)

Polymetals Resources Ltd. Business Overview & Revenue Model

Company DescriptionPolymetals Resources Ltd engages in the exploration and development of gold projects in West Africa. The company holds 100% interests in the Alahiné licence covering an area of approximately 64.2 square kilometers; and the Mansala licence covering an area of approximately 48.2 square kilometers located in the Siguiri Basin. Polymetals Resources Ltd was incorporated in 2020 and is based in Sydney, Australia.
How the Company Makes MoneyPolymetals Resources Ltd. generates revenue primarily through the sale of extracted metals, including gold, silver, and other base metals. The company operates mining projects that produce these commodities, which are sold on international markets. Key revenue streams include the direct sale of refined metals to industrial customers, traders, and through commodity exchanges. Additionally, POL may engage in joint ventures or partnerships with other mining companies or entities, allowing for shared resources and enhanced exploration capabilities. These collaborations can lead to increased production efficiency and lower operational costs, further contributing to the company's profitability.

Polymetals Resources Ltd. Financial Statement Overview

Summary
Financials are weak: large losses with deeply negative margins (net margin -142.65%, EBIT margin -134.00%), high leverage (debt-to-equity 1.43) with negative ROE (-2.55%), and negative operating/free cash flow despite reported free cash flow growth from a low base.
Income Statement
20
Very Negative
Polymetals Resources Ltd. shows a challenging financial performance with consistently negative profit margins, including a net profit margin of -142.65% and an EBIT margin of -134.00% for 2025. Despite a revenue growth rate of 5.22% in 2025, the company struggles with profitability, indicating operational inefficiencies and high costs relative to revenue.
Balance Sheet
30
Negative
The balance sheet reflects high leverage with a debt-to-equity ratio of 1.43 in 2025, indicating significant reliance on debt financing. The return on equity is negative at -2.55%, highlighting poor returns for shareholders. The equity ratio stands at 19.32%, suggesting a moderate level of equity financing relative to total assets.
Cash Flow
25
Negative
Cash flow analysis reveals negative operating cash flow and free cash flow in 2025, with a free cash flow to net income ratio of 1.34, indicating cash flow challenges. Although there is a significant free cash flow growth rate of 340.54%, the overall cash flow position remains weak, impacting liquidity and financial flexibility.
BreakdownJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue335.42K427.67K1.13K1.12K0.00
Gross Profit-16.91M427.67K-7.16K-1.35K-224.00
EBITDA-41.62M-3.19M-7.79M-1.13M-426.05K
Net Income-47.85M-3.27M-7.80M-814.73K-489.14K
Balance Sheet
Total Assets97.27M30.94M21.54M5.83M6.86M
Cash, Cash Equivalents and Short-Term Investments8.38M7.88M2.62M1.50M5.01M
Total Debt26.83M2.51M1.35M0.00250.00K
Total Liabilities78.47M4.11M3.12M235.97K553.64K
Stockholders Equity18.79M26.83M18.42M-1.51M-1.14M
Cash Flow
Free Cash Flow-49.43M-7.58M-4.08M-3.16M-665.72K
Operating Cash Flow-36.84M-3.34M-1.68M-711.59K-201.53K
Investing Cash Flow-12.62M-4.25M-2.40M-2.45M-464.19K
Financing Cash Flow49.87M12.83M5.20M-348.52K5.68M

Polymetals Resources Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1.02
Price Trends
50DMA
1.22
Negative
100DMA
1.17
Negative
200DMA
1.01
Positive
Market Momentum
MACD
-0.07
Negative
RSI
41.12
Neutral
STOCH
66.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:POL, the sentiment is Negative. The current price of 1.02 is below the 20-day moving average (MA) of 1.07, below the 50-day MA of 1.22, and above the 200-day MA of 1.01, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 41.12 is Neutral, neither overbought nor oversold. The STOCH value of 66.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:POL.

Polymetals Resources Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
AU$328.97M9.9013.71%3.30%48.57%666.83%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
55
Neutral
AU$341.76M-40.32-8.09%-10.71%
55
Neutral
AU$637.65M-72.31-3.24%30.85%
52
Neutral
AU$504.29M-121.74-4.34%28.13%
45
Neutral
AU$462.34M-4.88-42.80%3078.36%-93.66%
44
Neutral
AU$314.22M-3.23-209.77%-965.24%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:POL
Polymetals Resources Ltd.
1.02
0.36
54.55%
AU:TBR
Tribune Resources Limited
6.27
1.54
32.47%
AU:AAR
Astral Resources NL
0.28
0.14
100.00%
AU:STN
Saturn Metals Ltd.
0.63
0.43
212.50%
AU:BTR
Brightstar Resources Limited
0.57
0.09
18.95%
AU:WC8
Wildcat Resources Ltd.
0.47
0.28
147.37%

Polymetals Resources Ltd. Corporate Events

Polymetals Calls Extraordinary Meeting to Approve Selective Buy-Backs and Ratify Share Issue
Jan 18, 2026

Polymetals Resources Ltd has circulated a proxy form to its shareholders ahead of an Extraordinary General Meeting (EGM) to formalise voting and participation procedures. The company is seeking shareholder approval for several resolutions, including selective buy-backs of loan-funded shares held by Sproule, Barton and Oram, as well as the ratification of a prior share issue, with the chair indicating an intention to vote undirected proxies in favour of all items, signalling a coordinated effort to streamline the capital structure and validate past equity transactions. The notice details how shareholders can appoint proxies, lodge voting instructions online, by mail, fax or in person, and sets deadlines and signing requirements, underscoring the company’s emphasis on procedural compliance and shareholder engagement in decisions that may affect its equity base and governance.

The most recent analyst rating on (AU:POL) stock is a Buy with a A$1.35 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Calls February 2026 Shareholder Meeting, Sets Poll-Based Voting and Proxy Rules
Jan 18, 2026

Polymetals Resources Ltd has called a shareholder meeting to be held on 20 February 2026 at the Brisbane offices of law firm K&L Gates, with all resolutions to be decided by poll. The notice outlines voting eligibility, encourages shareholders to lodge directed proxies in advance, and details both online and paper-based proxy appointment procedures, underscoring the company’s emphasis on formal shareholder engagement in upcoming corporate decisions.

The most recent analyst rating on (AU:POL) stock is a Buy with a A$1.35 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Pushes Ahead With Endeavor Mine Ramp-Up After Fatal October Incident
Jan 14, 2026

Polymetals Resources’ December 2025 quarter was dominated by the fatal unintended detonation of a ballistic disc at the Endeavor Mine, which resulted in two employee deaths, injuries, and a temporary shutdown while independent and regulatory investigations and a comprehensive review of explosives-handling procedures were conducted. Operations were progressively restarted from mid-November, and despite workforce disruptions and reduced productivity, the company achieved its first shipments of zinc and silver-lead concentrates, advanced near-mine and regional exploration with expanded drilling capacity, commenced mining of the Upper North Lode, and strengthened its balance sheet through additional working capital facilities and a $34.4 million institutional placement, ending the quarter with significant cash and available finance to support ramp-up and exploration efforts.

The most recent analyst rating on (AU:POL) stock is a Buy with a A$1.35 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Director Increases Indirect Holding Through Employee Share Plan Allocation
Dec 21, 2025

Polymetals Resources Ltd has disclosed a change in the interests of director David Sproule following the issue of 125,000 fully paid ordinary shares to the Sproule Superannuation Fund under the company’s Employee Share Plan, which was approved at the 2024 AGM. The new shares vested upon achievement of the third milestone under the plan and are subject to an attaching loan of $0.35 per share, repayable on sale of the shares or by 19 December 2028, marginally increasing Sproule’s overall indirect holding and signalling continued alignment of management incentives with shareholder outcomes through performance-based equity.

The most recent analyst rating on (AU:POL) stock is a Buy with a A$1.35 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Resources Seeks ASX Quotation for 743,750 New Ordinary Shares
Dec 18, 2025

Polymetals Resources Ltd has applied to the ASX for quotation of 743,750 fully paid ordinary shares under the code POL. The new shares relate to securities previously issued under an employee incentive scheme whose transfer restrictions have ceased or are about to cease, modestly increasing the company’s quoted capital and signalling the conversion of staff equity incentives into tradable stock.

The most recent analyst rating on (AU:POL) stock is a Buy with a A$1.35 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Resources Ltd Completes Share Issuance
Dec 11, 2025

Polymetals Resources Ltd has announced the issuance of 39,500,000 shares through a share placement and an additional 1,250,000 shares via the exercise of unlisted options. This move, aimed at exempt investors, was conducted without disclosure under Part 6D.2 of the Corporations Act, and the company confirms compliance with relevant legislative provisions, indicating a strategic capital raising effort to potentially enhance its market position.

The most recent analyst rating on (AU:POL) stock is a Buy with a A$1.35 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Resources Ltd Initiates Trading Halt for Capital Raising
Dec 1, 2025

Polymetals Resources Ltd has requested a trading halt on its securities as it prepares for a capital raising initiative. The halt is expected to last until the release of an announcement or the commencement of normal trading on December 3, 2025, indicating a strategic move to bolster its financial position.

The most recent analyst rating on (AU:POL) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Resources Ltd Announces Proposed Securities Issue
Nov 27, 2025

Polymetals Resources Ltd announced a proposed issue of 1,250,000 ordinary fully paid securities, with the issuance date set for November 28, 2025. This strategic move is likely aimed at raising capital to support the company’s operations and growth initiatives, potentially impacting its market positioning and offering opportunities for stakeholders.

The most recent analyst rating on (AU:POL) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Resources Secures Additional Funding and Resumes Operations at Endeavor Mine
Nov 27, 2025

Polymetals Resources Ltd has secured additional working capital facilities to support its operations following an incident at the Endeavor Mine. Ocean Partners has offered a US$10 million bridging facility, and the company’s chairman has provided a A$5 million interest-free loan. The Endeavor Mine has resumed production with continuous shift operations, and investigations into the recent incident are ongoing. The company’s efforts to maintain operations and support its stakeholders underscore its commitment to long-term profitability in the mining sector.

The most recent analyst rating on (AU:POL) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Resources Ltd. Announces Successful Resolutions at Security Holders’ Meeting
Nov 21, 2025

Polymetals Resources Ltd. announced the results of its recent security holders’ meeting, where all resolutions were passed by poll. Key resolutions included the re-election of David Sproule, the ratification of prior securities issues, and the approval of an incentive plan. These decisions reflect strong shareholder support and are likely to enhance the company’s governance and operational strategies, potentially impacting its market positioning positively.

The most recent analyst rating on (AU:POL) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Resources Marks Milestone Year with Endeavor Mine Restart
Nov 20, 2025

Polymetals Resources Ltd. announced significant progress in 2025 with the restart of the Endeavor Mine in Cobar, less than a year after its acquisition. The company achieved its first shipment of zinc concentrate in October 2025 and plans to ship silver-lead concentrate in early December. The company aims to reach steady-state operations by the January quarter, marking a crucial step in its growth as a silver and zinc producer.

The most recent analyst rating on (AU:POL) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Resources Ltd Resumes Operations at Endeavor Mine
Nov 17, 2025

Polymetals Resources Ltd has successfully recommenced operations at its Endeavor silver zinc mine in Cobar, NSW, following a tragic accident. The company has resumed mining and milling operations, with silver-lead concentrate deliveries underway and plans for a second shipment in early December. Exploration activities have expanded with additional drilling shifts and rigs to enhance productivity and test new targets. The company is also managing its working capital and exploring additional credit facilities to support its operations.

The most recent analyst rating on (AU:POL) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

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.Date of analysis: Feb 17, 2026