St. George Mining Ltd. (AU:SGQ)
ASX:SGQ
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St. George Mining Ltd.
(Sydney:SGQ)
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Rating:50Neutral
Price Target:
AU$0.10
▼(-19.17% Downside)
Action:Reiterated
Date:03/04/26
Overall score is weighed down primarily by weak financial performance driven by large operating losses, negative returns, and mixed cash flow quality, despite strong revenue growth and low leverage. Technicals are a clear positive with price above major moving averages and positive MACD, but valuation support is limited due to losses (negative P/E) and no dividend yield data.
Positive Factors
Low leverage / strong equity base
Very low debt-to-equity and a strong equity ratio provide durable financial flexibility. For an exploration-stage miner this minimizes solvency risk, supports continued drilling/permits, and makes joint-venture or capital-raise options less pressured over the medium term.
Negative Factors
Deep negative profitability
Very large negative net and EBIT margins reflect structural unprofitability. Persistent heavy operating losses erode reserves and require ongoing financing, increasing dilution risk and constraining the company’s ability to self-fund exploration or advance projects long term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong equity base
Very low debt-to-equity and a strong equity ratio provide durable financial flexibility. For an exploration-stage miner this minimizes solvency risk, supports continued drilling/permits, and makes joint-venture or capital-raise options less pressured over the medium term.
Read all positive factors
St. George Mining Ltd. (SGQ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$384.30M
Dividend YieldN/A
Average Volume (3M)34.04M
Price to Earnings (P/E)―
Beta (1Y)2.31
Revenue GrowthN/A
EPS Growth-79.69%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding3,961,843,500
10 Day Avg. Volume41,236,837
30 Day Avg. Volume34,039,451
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)2.09
Price to Sales (P/S)276.04
P/FCF Ratio-2.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.25Price Target Upside104.17% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
St. George Mining Ltd. Business Overview & Revenue Model
Company Description
St George Mining Limited is an Australian company dedicated to the exploration and discovery of mineral deposits throughout the nation. Its efforts are primarily directed towards identifying resources of nickel, copper, cobalt, platinum group meta...
How the Company Makes Money
SGQ does not typically generate recurring operating revenue from selling products or services while it is in the exploration stage; its core business activity is investing in exploration to increase the value of its mineral tenements and discovery...
St. George Mining Ltd. Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 217.47K | 80.98K | 65.55K | 0.00 | 0.00 |
| Gross Profit | -109.10K | 217.47K | -30.33K | -112.05K | -92.02K | -84.00K |
| EBITDA | -25.60M | -11.26M | -8.16M | -10.60M | -8.07M | -8.23M |
| Net Income | -32.63M | -11.34M | -8.11M | -10.73M | -8.18M | -8.32M |
Balance Sheet | ||||||
| Total Assets | 103.52M | 50.56M | 3.06M | 3.91M | 4.75M | 6.64M |
| Cash, Cash Equivalents and Short-Term Investments | 54.41M | 2.76M | 2.52M | 3.34M | 4.10M | 6.37M |
| Total Debt | 139.58K | 222.67K | 293.15K | 327.87K | 343.61K | 56.70K |
| Total Liabilities | 3.54M | 21.81M | 998.48K | 2.09M | 1.88M | 834.44K |
| Stockholders Equity | 99.97M | 28.70M | 1.93M | 1.82M | 2.87M | 5.81M |
Cash Flow | ||||||
| Free Cash Flow | -12.94M | -23.73M | -8.41M | -9.32M | -7.48M | -8.40M |
| Operating Cash Flow | -12.67M | -7.04M | -7.92M | -8.75M | -7.45M | -8.37M |
| Investing Cash Flow | -67.67M | -16.69M | -490.61K | -567.63K | -29.56K | -75.65K |
| Financing Cash Flow | 98.16M | 23.97M | 7.59M | 8.56M | 5.22M | 6.50M |
St. George Mining Ltd. Technical Analysis
Negative
0.12
Price Trends
0.12
Negative
0.12
Negative
0.11
Negative
Market Momentum
>-0.01
Positive
36.15
Neutral
14.88
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SGQ, the sentiment is Negative. The current price of 0.12 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.12, and above the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.15 is Neutral, neither overbought nor oversold. The STOCH value of 14.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SGQ.
St. George Mining Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$533.42M | 9.46 | 14.39% | ― | 19.35% | 276.19% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$151.03M | -33.93 | -7.37% | ― | ― | -37.70% | |
50 Neutral | AU$384.30M | -8.35 | -50.73% | ― | ― | -79.69% | |
44 Neutral | AU$108.76M | -58.33 | -1.99% | ― | ― | 81.34% | |
44 Neutral | AU$23.16M | -2.12 | -31.18% | ― | ― | -485.71% | |
43 Neutral | AU$512.19M | -19.82 | -18.64% | ― | ― | 7.79% |
* Basic Materials Sector Average
AU:SGQ
St. George Mining Ltd.
0.10
0.07
209.68%
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Chalice Mining
1.24
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Ardea Resources
0.46
0.09
24.66%
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Aurelia Metals
0.31
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58.97%
AU:ENR
Encounter Resources Limited
0.29
0.04
18.75%
AU:AUR
Auris Minerals Ltd.
0.02
<0.01
80.00%
St. George Mining Ltd. Corporate Events
St George Mining Confirms Compliance After $42.4m Share Placement
Jun 23, 2026
St George Mining Limited has issued 424,450,512 fully paid ordinary shares at $0.10 each under a placement to institutional, sophisticated and professional investors. The company stated that the share issue was conducted without a prospectus, whil...
St George Mining Seeks Quotation for 424 Million New Shares on ASX
Jun 23, 2026
St George Mining Ltd has applied to the ASX for quotation of 424,450,512 ordinary fully paid shares, expanding the number of securities on issue under the SGQ ticker. The new securities, issued on June 24, 2026, formalise a previously announced tr...
St George Mining Updates Director John Dawson’s Shareholdings After Administrative Transfer
Jun 18, 2026
St George Mining has disclosed a change in the relevant interests of director John Dawson following an off-market transfer of shares between related entities. The transaction involved moving fully paid ordinary shares from Impulzive Pty Ltd to Imp...
St George Mining Issues New Shares, Advances Araxá Exploration
Jun 18, 2026
St George Mining Ltd has expanded its share capital through the issue of 9,523,679 fully paid ordinary shares on conversion of SGQOC options and a further 120,000 shares from the exercise of unlisted options at $0.06 per share. The company confirm...
St. George Mining Seeks ASX Quotation for Newly Issued Shares
Jun 18, 2026
St. George Mining Ltd. has applied for quotation on the ASX of 9,723,679 additional ordinary fully paid shares, following the issue of these securities on 12 and 16 June 2026. The new shares arise from the exercise or conversion of existing option...
St George Mining Plans Major Share Placement on ASX
Jun 16, 2026
St George Mining Ltd has notified the ASX of a proposed issue of up to 600,000,000 ordinary fully paid shares under a placement or similar type of capital raising. The new securities, to be issued on or around 23 June 2026, will be quoted on the A...
St George Mining Raises A$60m to Fast-Track Brazilian Rare Earths Project
Jun 16, 2026
St George Mining has secured firm commitments to raise A$60 million through a two-tranche institutional placement of 600 million new shares at A$0.10 each, largely backed by existing institutional investors. Major shareholder Hancock Prospecting w...
St George Mining Sets July 2026 In-Person General Meeting with Digital Access
Jun 9, 2026
St George Mining Limited has scheduled a general meeting of shareholders for 10 July 2026 at 10:00am WST, to be held in person at the BDO offices in Perth. The company has made the notice of meeting and related documents available online and is re...
St George Mining Issues New Shares as Araxa Exploration Advances
Jun 2, 2026
St George Mining Limited has issued 2,220,000 fully paid ordinary shares following the conversion of SGQOC options and a further 328,947 shares from the exercise of unlisted options at $0.06 per share, and has confirmed these were issued without a...
St George Mining Seeks ASX Quotation for 2.5 Million New Shares
Jun 2, 2026
St George Mining Limited has lodged an application with the ASX for quotation of 2,548,947 additional ordinary fully paid shares. The new securities, issued on 2 June 2026 following the exercise or conversion of existing options or other convertib...
St George Mining Issues New Classes of Performance Rights
Jun 2, 2026
St George Mining Ltd. has notified the market of the issuance of new unquoted equity securities in the form of performance rights. The company has created two new classes of performance rights, signalling continued use of equity-based incentives a...
St George Mining Plans Large Issue of New Performance Rights
Jun 2, 2026
St George Mining Limited has lodged an Appendix 3B announcing a proposed issue of new performance rights as part of its capital management activities. The company plans to create two new classes of securities, Class G and Class H performance right...
St George Mining Restructures Lithium JV as ATL Takes Strategic Stake
Jun 1, 2026
St George Mining has restructured its Lithium Star joint venture with Amperex Technology Limited, acquiring ATL’s 10% stake in Lithium Star to move to full ownership of the lithium-focused vehicle in Western Australia. In exchange, ATL will ...
St George Mining Plans Placement of Up to 12.5 Million New Shares
Jun 1, 2026
St George Mining Limited has lodged an Appendix 3B announcing a proposed issue of up to 12,500,000 ordinary fully paid shares. The new securities are to be issued as part of a placement or similar capital-raising structure, with a proposed issue d...
St George Mining Issues New Shares and Updates on Araxa Exploration
May 22, 2026
St George Mining Limited has issued 2.6 million new fully paid ordinary shares following the conversion and exercise of options, and confirmed that these shares were issued without a prospectus under relevant Australian Corporations Act provisions...
St George Mining Seeks ASX Quotation for 2.6 Million New Shares
May 22, 2026
St George Mining Limited has applied for quotation on the ASX of 2,600,000 new ordinary fully paid shares, issued on 21 May 2026. The application under Appendix 2A indicates these securities arise from the exercise or conversion of existing option...
St George Mining Expands Share Base as Araxa Exploration Advances
May 8, 2026
St George Mining Limited has issued 11,092,738 fully paid ordinary shares upon conversion of SGQOC options and a further 203,199 shares from the conversion of unlisted options at $0.06 per share. The company confirmed these shares were issued with...
St George Mining Seeks ASX Quotation for 11.3 Million New Shares
May 8, 2026
St George Mining Ltd has applied for quotation on the ASX of 11,295,937 new ordinary fully paid shares, issued on 6 May 2026 under the code SGQ. The additional securities arise from the exercise of options or conversion of other securities, modest...
St George Mining Drilling Extends High-Grade Rare Earths at Brazil’s Araxá Project
May 5, 2026
St George Mining reported further strong assay results from ongoing diamond drilling at its Araxá rare earths and niobium project in Brazil, including multiple wide, high-grade mineralised intercepts starting from surface. The latest 13 holes...
St George Showcases World-Class Araxá Niobium-Rare Earths Project at RIU Conference
May 4, 2026
St George Mining has used the RIU Resources Conference in Sydney to highlight its Araxá Project, a 100%-owned niobium and rare earths asset it describes as hosting a world-class resource. The company is advancing studies for a potential minin...
St George Mining Seeks Quotation for Additional 2.6m Shares on ASX
Apr 29, 2026
St George Mining has applied to the ASX for quotation of 2,592,106 additional ordinary fully paid shares, following the exercise or conversion of existing options or other convertible securities. The new shares, issued in two tranches on 24 and 28...
St George Mining Lifts Araxá Rare Earths Resource and Advances Development Plan
Apr 27, 2026
St George Mining reported a 75% increase in the mineral resource estimate at its Araxá niobium-rare earths project to 70.91 million tonnes, confirming it as one of the world’s largest and highest-grade carbonatite-hosted rare earth depo...
St George Mining Issues New Shares Amid Ongoing Araxa Exploration
Apr 21, 2026
St George Mining Limited has issued 2,372,627 fully paid ordinary shares from the conversion of SGQOC options and a further 923,947 shares from the conversion of unlisted options exercisable at $0.06 per share. The company confirmed these shares w...
St George Mining Seeks ASX Quotation for New Share Issue
Apr 21, 2026
St George Mining Ltd has applied to the ASX for quotation of 3,296,574 new fully paid ordinary shares, following the exercise or conversion of existing options or other convertible securities. The new shares, issued on 20 April 2026, modestly expa...
St George flags record high-grade strikes at Brazil’s Araxá rare earths and niobium project
Apr 7, 2026
St George Mining has reported its thickest and highest-grade rare earths and niobium intercepts to date at the 100%-owned Araxá Project in Brazil, including 178.7 metres from surface at 4.34% total rare earth oxides and 0.75% niobium pentoxid...
St George Mining Updates Market on Lapse of 4.25 Million Options
Apr 2, 2026
St George Mining Limited has updated the market on changes to its capital structure, confirming the expiry of a tranche of unlisted options. The company reported that 4,250,000 options with various expiry dates and nil exercise price, designated a...
St George Mining Corrects Security Code in Capital Notice
Apr 2, 2026
St George Mining Limited has cancelled a previous Appendix 3H notification relating to the cessation of securities, correcting an error in the security code previously cited. The company advised that the original code SGQAC was incorrect and shoul...
St George Mining Seeks ASX Quotation for 53.75 Million New Shares
Apr 2, 2026
St George Mining Limited has applied for quotation on the Australian Securities Exchange of 53,750,000 new ordinary fully paid shares. The new securities, issued on April 1, 2026, are to be admitted to trading under the existing SGQ ticker, expand...
St George Mining Partners with Boston Metal on Low-Carbon Niobium Processing at Araxá
Apr 1, 2026
St George Mining has entered a strategic alliance with Boston Metal to trial its patented Molten Oxide Electrolysis technology at the Araxá niobium-rare earths project in Brazil. The collaboration will assess the suitability of Araxá ore...
St George Mining Taps European Rare Earths Specialist for Araxá Processing Push
Mar 31, 2026
St George Mining has entered a strategic engineering alliance with Spanish firm Tecnicas Reunidas, signing a memorandum of understanding to test the latter’s proprietary RARETECH processing technology on high-grade rare earth samples from it...
St George Mining Issues New Shares and Updates on Araxa Exploration
Mar 27, 2026
St George Mining Limited has issued 18,000,000 fully paid ordinary shares following the conversion of performance rights under its Employee Incentive Securities Plan, increasing its share count through an equity-based remuneration mechanism. The c...
St George Mining Seeks Quotation for 18 Million New Shares on ASX
Mar 27, 2026
St George Mining has applied for quotation of 18,000,000 new ordinary fully paid shares on the ASX, expanding its listed securities base under the code SGQ. The new shares, issued on 27 March 2026 following the exercise or conversion of existing o...
St George Mining Issues New Shares and Updates on Araxá Exploration
Mar 25, 2026
St George Mining Limited has issued 30 million fully paid ordinary shares following the conversion of performance rights granted under its Employee Incentive Securities Plan. The company confirmed that the share issue was conducted without a prosp...
St George Mining Seeks ASX Quotation for 30 Million New Shares
Mar 25, 2026
St George Mining has applied for quotation on the ASX of 30 million new ordinary fully paid shares, with the securities to be issued and quoted on March 25, 2026. The additional shares, arising from the exercise or conversion of existing securitie...
St George Mining Issues New Shares and Confirms Compliance as Araxa Exploration Advances
Mar 24, 2026
St George Mining Limited has issued a total of 7,950,000 new fully paid ordinary shares following the conversion of performance rights under its Employee Incentive Securities Plan and the exercise of options priced at $0.04 and $0.06. The company ...
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.