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Ragnar Metals Limited
(Sydney:RAG)
Ragnar Metals Limited (RAG) vs. iShares MSCI Australia ETF (EWA)
Ragnar Metals Limited Business Overview & Revenue Model
Ragnar Metals Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.22M | 1.22M | 335.20K | 5.65K | 24.93K | 102.00 |
| Gross Profit | 1.22M | 1.22M | 335.20K | 5.65K | 25.43K | 102.00 |
| EBITDA | -203.23K | -198.89K | -2.41M | -456.00K | -983.00K | -744.54K |
| Net Income | -305.99K | -305.99K | 3.61M | -456.00K | -1.20M | -835.00K |
Balance Sheet | ||||||
| Total Assets | 11.09M | 11.09M | 11.51M | 5.01M | 5.57M | 5.35M |
| Cash, Cash Equivalents and Short-Term Investments | 874.04K | 874.04K | 9.35M | 196.05K | 2.08M | 3.39M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 148.98K | 148.98K | 610.81K | 116.08K | 154.62K | 325.90K |
| Stockholders Equity | 10.94M | 10.94M | 10.90M | 4.90M | 5.42M | 5.03M |
Cash Flow | ||||||
| Free Cash Flow | -2.31M | -2.31M | -2.24M | -1.87M | -2.46M | -1.90M |
| Operating Cash Flow | -1.25M | -1.25M | -679.25K | -82.94K | -339.44K | -882.38K |
| Investing Cash Flow | -7.28M | -7.28M | 7.94M | -1.80M | -2.12M | -1.01M |
| Financing Cash Flow | 52.43K | 52.43K | 1.89M | 0.00 | 1.15M | 5.15M |
Ragnar Metals Limited Technical Analysis
Ragnar Metals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$16.29M | -56.67 | -2.80% | ― | ― | -107.50% | |
48 Neutral | AU$14.37M | -5.11 | -8.74% | ― | ― | -25.00% | |
46 Neutral | AU$7.78M | -1.37 | -217.79% | ― | ― | 43.46% | |
45 Neutral | AU$30.00M | -0.41 | -121.41% | ― | ― | -1034.67% | |
44 Neutral | AU$13.67M | -3.62 | -213.82% | ― | ― | -32.39% |
Ragnar Metals Limited Corporate Events
Ragnar Metals has strengthened its Swedish portfolio by securing an option to acquire up to a 75% interest in the high-grade Harnäs Gold Project in southwestern Sweden, where recent rock-chip sampling returned high gold grades at both the historic Harnäs pit and the nearby Silvergruvan prospect, supporting plans for a maiden diamond drilling campaign in the March 2026 quarter. At the corporate level, Ragnar continues to benefit from strategic investments in Victorian gold producer Kaiser Reef and WA-focused High-Tech Metals, which are generating cash and receiving substantial funding respectively, enhancing Ragnar’s leverage to record gold prices and providing multiple value drivers across its Swedish exploration assets and Australian gold interests.
The most recent analyst rating on (AU:RAG) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Ragnar Metals Limited stock, see the AU:RAG Stock Forecast page.
Ragnar Metals Limited reported its quarterly cash flow for the period ended 31 December 2025, highlighting continued spending on exploration and evaluation activities alongside modest corporate and administrative outlays. The company recorded net cash outflows of A$142,000 from operating activities and A$161,000 from investing activities in the quarter, with no cash inflows from financing, reducing its cash balance from A$481,000 to A$179,000 over the period; these figures underscore Ragnar’s ongoing investment in exploration while also drawing attention to its tightening cash position, a key consideration for shareholders and potential investors in assessing future funding needs and project progress.
The most recent analyst rating on (AU:RAG) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Ragnar Metals Limited stock, see the AU:RAG Stock Forecast page.
Ragnar Metals Limited has announced the issuance of 10 million unlisted options under an employee incentive scheme, split evenly between options exercisable at $0.04 and $0.06, both expiring on 27 January 2028. The move is designed to incentivise and retain key personnel through equity-based rewards, potentially aligning employee interests with long-term shareholder value, though the options are unquoted and will not trade on the ASX, limiting immediate market liquidity implications.
The most recent analyst rating on (AU:RAG) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Ragnar Metals Limited stock, see the AU:RAG Stock Forecast page.
Ragnar Metals Limited has issued 5,080,773 fully paid ordinary shares to Sweden-based Aurelia Mining Group AB as consideration for exercising an option to acquire 20% of the issued capital of Harnäs GoldMine AB, a transaction previously announced in late 2025. The share issue, completed under the company’s existing ASX Listing Rule 7.1 placement capacity and relying on the cleansing provisions of section 708A of the Corporations Act, strengthens Ragnar’s exposure to the Harnäs gold project while confirming ongoing compliance with Australian corporate reporting and disclosure requirements, which will be relevant to shareholders monitoring the company’s expanding European gold interests and capital structure.
The most recent analyst rating on (AU:RAG) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Ragnar Metals Limited stock, see the AU:RAG Stock Forecast page.
Ragnar Metals Limited has applied to the ASX for quotation of 5,080,773 new fully paid ordinary shares, with an issue date of 28 January 2026, under its existing issuer code RAG. The additional securities, which were previously notified to the market via an Appendix 3B, will expand the company’s quoted share capital, potentially affecting liquidity and ownership structure for existing and new shareholders, although no further context on the use of funds or strategic rationale is provided in this filing.
The most recent analyst rating on (AU:RAG) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Ragnar Metals Limited stock, see the AU:RAG Stock Forecast page.
Ragnar Metals Limited, listed on the ASX under the code RAG, has lodged a notice with the exchange detailing a proposed issue of new fully paid ordinary shares through a placement.
The company plans to issue up to 5,080,773 ordinary fully paid shares, with the proposed issue date of 28 January 2026, as part of a capital-raising initiative via placement or similar mechanism, which will expand its share base and potentially provide additional funding for its activities, with implications for existing shareholders through dilution and for the company’s financial flexibility.
The most recent analyst rating on (AU:RAG) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Ragnar Metals Limited stock, see the AU:RAG Stock Forecast page.
Ragnar Metals has identified four highly prospective new gold targets at its Harnäs Project in Sweden after reprocessing historical induced polarisation data from two survey lines west of the existing Harnäs pit. The anomalies, which lie along strike from the current mine workings and outside historical drilling, are supported by past rock sampling that returned high-grade gold assays and by structural interpretations from LiDAR data. The company has launched a suite of follow-up programs, including assaying previously unsampled historical holes, a high-resolution UAV magnetic survey, extensive channel sampling and a maiden diamond drilling campaign scheduled for the first quarter of 2026, underscoring its confidence in significantly expanding the scale of the Harnäs gold deposit and advancing the project’s district-wide potential.
The most recent analyst rating on (AU:RAG) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Ragnar Metals Limited stock, see the AU:RAG Stock Forecast page.
Ragnar Metals has reported high-grade surface uranium mineralisation at its Klockartorpet Project in Sweden, with rock-chip assays returning up to 0.29% U3O8 over a 150-metre strike within a shear-hosted, hematite-altered zone that also shows elevated zirconium and hafnium. Reprocessed radiometric data suggests the main uranium anomaly may extend for about 1km and has highlighted at least four additional untested uranium targets, prompting Ragnar to plan further sampling and shallow drill targeting as it seeks to capitalise on Sweden’s recent effective lifting of its uranium ban and to advance its broader exploration portfolio alongside the upcoming maiden drilling at the Harnäs Gold Project.
The most recent analyst rating on (AU:RAG) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Ragnar Metals Limited stock, see the AU:RAG Stock Forecast page.
Ragnar Metals Limited has announced a change in the director’s interest, specifically regarding Steve Formica’s indirect interest in the company. The change involves the acquisition of 1,730,145 fully paid ordinary shares through on-market purchases, increasing the total number of shares held to 21,250,000. This transaction, valued at $43,253.90, reflects a strategic move by the director, potentially signaling confidence in the company’s future prospects.
Ragnar Metals Limited has announced a change in the director’s interest, specifically for Ariel (Eddie) King. The changes involve the expiration and issuance of various performance rights and options as part of director remuneration, reflecting adjustments in the company’s strategic incentive plans. This announcement may impact stakeholders by indicating the company’s ongoing efforts to align director incentives with long-term company performance.
Ragnar Metals Limited announced the cessation of 13,500,000 performance rights, divided equally between Class A and Class B, due to the expiry of options or other convertible securities without exercise or conversion. This development may impact the company’s capital structure and could influence its strategic decisions moving forward.
Ragnar Metals Limited has announced a change in the director’s interest, specifically involving Steve Formica. The change includes the acquisition of 4,008,891 fully paid ordinary shares through on-market purchases, bringing the total to 17,758,891 shares. This adjustment in shareholding reflects a strategic move by the director, potentially impacting the company’s market perception and investor confidence.
Ragnar Metals Limited announced that all resolutions presented at its Annual General Meeting held on November 18, 2025, were passed by the requisite majority. This includes the adoption of the remuneration report, re-election of a director, approval of a 10% placement capacity, renewal of proportional takeover provisions, and the issuance of director performance rights to related parties. The successful passing of these resolutions supports the company’s strategic initiatives and governance, potentially enhancing its operational capabilities and shareholder value.