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$0.11
▼(-12.50% 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
Very low leverage / strong equity base
Minimal leverage (debt-to-equity 0.0078) and a 56.77% equity ratio materially reduce financial distress risk. This durable balance sheet strength provides the company flexibility to fund exploration, pursue JV options or withstand commodity cycle volatility without heavy interest burdens.
Negative Factors
Deep negative profitability
Margins deeply negative at ~-52% show the business is not generating operating profits. Persistent unprofitability is a structural constraint: it forces ongoing capital raises or asset sales and raises execution risk for multi‑period exploration programs absent a commercial discovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong equity base
Minimal leverage (debt-to-equity 0.0078) and a 56.77% equity ratio materially reduce financial distress risk. This durable balance sheet strength provides the company flexibility to fund exploration, pursue JV options or withstand commodity cycle volatility without heavy interest burdens.
Read all positive factors
St. George Mining Ltd. (SGQ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$414.43M
Dividend YieldN/A
Average Volume (3M)34.04M
Price to Earnings (P/E)―
Beta (1Y)2.41
Revenue GrowthN/A
EPS Growth-79.69%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding3,946,970,700
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 engages in the exploration for mineral properties in Australia. The company explores for nickel, copper, cobalt, and platinum group metals, as well as gold deposits. It holds interests in the Mt Alexander project that incl...
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
0.10
Positive
Market Momentum
>-0.01
Positive
33.00
Neutral
33.33
Neutral
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 0.12, below the 50-day MA of 0.12, and above the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 33.00 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, 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$524.95M | 4.68 | 14.39% | ― | 19.35% | 276.19% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$136.22M | -13.89 | -1.99% | ― | ― | 81.34% | |
51 Neutral | AU$145.43M | -19.32 | -7.37% | ― | ― | -37.70% | |
50 Neutral | AU$414.43M | -3.13 | -50.73% | ― | ― | -79.69% | |
44 Neutral | AU$564.77M | -16.33 | -18.64% | ― | ― | 7.79% | |
44 Neutral | AU$27.02M | -30.00 | -31.18% | ― | ― | -485.71% |
* Basic Materials Sector Average
AU:SGQ
St. George Mining Ltd.
0.11
0.08
303.85%
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Chalice Mining
1.43
0.34
31.34%
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Ardea Resources
0.60
0.18
41.67%
AU:AMI
Aurelia Metals
0.30
>-0.01
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Encounter Resources Limited
0.27
0.07
31.71%
AU:AUR
Auris Minerals Ltd.
0.02
0.01
110.00%
St. George Mining Ltd. Corporate Events
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 ...
St George Mining Issues New Shares on Option Conversions and Updates Araxa Exploration
Mar 17, 2026
St George Mining has issued a total of 1,831,579 new fully paid ordinary shares following the conversion of options priced at $0.06 and $0.04 per share, and has confirmed that these shares were issued without a prospectus under relevant Corporatio...
St George Mining Seeks ASX Quotation for 1.83 Million New Shares
Mar 17, 2026
St George Mining Ltd has applied for quotation on the ASX of 1,831,579 new ordinary fully paid shares, following the issue of these securities on March 16, 2026. The additional quotation will modestly increase the company’s listed share capi...
St George Mining Issues Half-Year Financial Report for December 2025
Mar 13, 2026
St George Mining Limited has released its financial report for the half year ended 31 December 2025, providing consolidated statements of profit or loss, financial position, cash flows, and changes in equity. The report includes directors’ a...
St George Mining seals downstream rare earths alliance to upgrade Araxá output
Mar 11, 2026
St George Mining has entered a strategic alliance with Brazilian firm Nanum Nanotecnologia to advance downstream processing of rare earths from its Araxá project, aiming to monetise the low-value cerium component while upgrading the concentra...
St George Mining hits more high-grade rare earths and niobium at Brazil’s Araxá project
Mar 10, 2026
St George Mining has reported another round of strong assay results from 16 additional diamond drill holes at its 100%-owned Araxá Project in Brazil, confirming thick, high-grade rare earth and niobium mineralisation starting from surface. Th...
St George Mining hires veteran Brazilian geologist to accelerate Araxá rare earths-niobium plans
Mar 9, 2026
St George Mining has strengthened its in-country leadership at the Araxá rare earths-niobium project in Brazil by appointing senior Brazilian resource geologist Carla Grasso as Principal Geologist, based in the city of Araxá. The hire un...
St George Mining Joins All Ordinaries After Major Araxá Resource Upgrade
Mar 8, 2026
St George Mining has been selected for inclusion in the SP/ASX All Ordinaries Index from 23 March 2026, reflecting a surge in its market value to around $500 million following the acquisition and rapid advancement of its Araxá Rare Earths-Nio...
S&P Dow Jones Indices Shifts S&P/ASX Benchmarks Toward Resources in March Rebalance
Mar 6, 2026
SP Dow Jones Indices has announced its March 2026 quarterly rebalance of the SP/ASX indices, reshaping the composition of key Australian equity benchmarks. Northern Star Resources will enter the SP/ASX 20, replacing Santos, while Light Wonder and...
St George Mining Expands Share Capital as Araxa Exploration Advances
Mar 4, 2026
St George Mining Limited has issued 183,057 fully paid ordinary shares from options exercised at $0.06 and a further 4,890,000 shares from options exercised at $0.04, expanding its share capital through option conversions. The company confirmed it...
St George Mining Announces Lapse of 4.25 Million Performance Rights
Mar 4, 2026
St George Mining Ltd has notified the market that 4,250,000 performance rights, classified under ASX code SGQAC, have lapsed. The lapse occurred because the conditions attached to these rights were not met or became incapable of being satisfied as...
St George Mining Seeks ASX Quotation for Additional 5 Million Shares
Mar 4, 2026
St George Mining Ltd. has applied to the ASX for quotation of 5,073,057 additional ordinary fully paid shares, designated under the existing SGQ code. The new securities arise from the exercise or conversion of existing options or other convertibl...
St George Mining Lifts Araxá Resource by 75%, Reinforcing Tier 1 Critical Minerals Potential
Mar 2, 2026
St George Mining has announced a 75% increase in the mineral resource estimate at its Araxá rare earths-niobium project in Brazil, lifting total resources to 70.91 million tonnes at 4.06% total rare earth oxides and 0.62% niobium pentoxide. T...
St George Mining Halts Trading Ahead of Major Araxa Resource Upgrade
Feb 27, 2026
St George Mining has requested and been granted a trading halt on its securities on the ASX, effective 27 February 2026, as it prepares to release a significant update on its operations. The company is set to announce a substantial increase to the...
St George Mining Seeks ASX Quotation for Additional 100,000 Shares
Feb 24, 2026
St George Mining Limited has applied to the ASX for quotation of 100,000 new ordinary fully paid shares, to be listed under its existing SGQ code. The securities arise from the exercise or conversion of existing options or other convertible instru...
St George Mining Issues New Shares and Advances Araxa Exploration
Feb 20, 2026
St George Mining Limited has issued 177,220 fully paid ordinary shares following the conversion of options exercisable at $0.06 per share, and has confirmed that the issuance was conducted without a prospectus under relevant Australian corporate l...
St George Mining Seeks ASX Quotation for New Share Issue
Feb 20, 2026
St George Mining Limited has applied for quotation on the ASX of 177,220 new ordinary fully paid shares, following the exercise or conversion of existing options or other convertible securities. The issuance modestly increases the company’s ...
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.