Sky Metals Limited (AU:SKY)
ASX:SKY
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Sky Metals Limited
(Sydney:SKY)
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Rating:54Neutral
Price Target:
AU$0.23
▲(4.55% Upside)
Action:Reiterated
Date:05/15/26
The score is held back primarily by weak financial performance (no revenue, widening losses, and continued cash burn). Offsetting this is strong technical momentum (price above major moving averages with positive MACD), while valuation is constrained by losses (negative P/E) and no stated dividend yield.
Positive Factors
Stronger balance sheet
Sky Metals' materially larger equity base and rising assets provide a durable funding runway for an early-stage miner. Low leverage in 2024–2025 reduces refinancing and solvency risk, supporting continued exploration and project development without immediate operational revenue.
Negative Factors
No revenue base
Absence of operating revenue means the business cannot self-fund activities and remains dependent on capital markets or partners. Over a multi-month horizon this limits valuation-supporting cash generation and increases exposure to financing cycles and dilution risk if production timelines slip.
Read all positive and negative factors
Positive Factors
Negative Factors
Stronger balance sheet
Sky Metals' materially larger equity base and rising assets provide a durable funding runway for an early-stage miner. Low leverage in 2024–2025 reduces refinancing and solvency risk, supporting continued exploration and project development without immediate operational revenue.
Read all positive factors
Sky Metals Limited (SKY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$232.27M
Dividend YieldN/A
Average Volume (3M)886.95K
Price to Earnings (P/E)―
Beta (1Y)1.82
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding988,382,700
10 Day Avg. Volume714,988
30 Day Avg. Volume886,949
Financial Highlights & Ratios
PEG Ratio-0.81
Price to Book (P/B)1.82
Price to Sales (P/S)0.00
P/FCF Ratio-22.95
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 Upside59.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Sky Metals Limited Business Overview & Revenue Model
Company Description
Sky Metals Limited engages in the exploration and development of mineral resources in Australia. The company primarily explores for gold, copper, tin, tungsten, copper, bismuth, indium, nickel, cobalt, silver, lead, and zinc deposits. It holds int...
How the Company Makes Money
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Sky Metals Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -118.80K | -133.99K | -142.81K | -144.51K | -149.75K | -88.81K |
| EBITDA | -3.10M | -2.99M | -1.97K | ― | ― | ― |
| Net Income | -4.62M | -3.15M | -2.03K | ― | ― | ― |
Balance Sheet | ||||||
| Total Assets | 26.45M | 21.94M | 18.42M | 15.51K | 21.54K | 17.28K |
| Cash, Cash Equivalents and Short-Term Investments | 4.70M | 3.43M | 3.26M | 3.83K | 4.60K | 3.53K |
| Total Debt | 234.72K | 277.00 | 352.47K | 418.22K | 505.79K | 59.98K |
| Total Liabilities | 1.11M | 1.48M | 1.28M | 665.00 | 983.00 | 641.00 |
| Stockholders Equity | 25.34M | 20.46M | 17.14M | 14.48K | 20.54K | 16.62K |
Cash Flow | ||||||
| Free Cash Flow | -1.92M | -1.62M | -4.56M | -3.90K | -4.00K | -6.70K |
| Operating Cash Flow | -1.85M | -1.60M | -1.31M | -987.00 | -1.22K | -836.00 |
| Investing Cash Flow | -3.60M | -4.82M | -3.21M | -2.94K | -2.89K | -3.89K |
| Financing Cash Flow | 5.77M | 5.60M | 3.94M | 3.17K | 5.18K | -55.00 |
Sky Metals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$57.06M | 10.86 | 19.12% | ― | 144.06% | 50.82% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$232.27M | -44.47 | -20.15% | ― | ― | ― | |
50 Neutral | AU$290.90M | -94.18 | -5.45% | ― | ― | -176.00% | |
45 Neutral | AU$26.71M | -13.55 | -9.73% | ― | ― | 62.96% | |
44 Neutral | AU$41.74M | -22.65 | -4.97% | ― | ― | -187.50% |
* Basic Materials Sector Average
AU:SKY
Sky Metals Limited
0.25
0.20
420.83%
DE:YAK
Nexus Minerals Ltd.
0.05
0.02
53.33%
AU:AWJ
Auric Mining Ltd.
0.30
0.10
50.00%
AU:AS1
Golden Rim Resources Ltd
0.16
0.10
192.45%
AU:KNB
Koonenberry Gold Limited
0.03
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-59.38%
AU:AGC
Australian Gold & Copper Ltd.
0.16
<0.01
3.33%
Sky Metals Limited Corporate Events
Sky Metals fast-tracks Tallebung approvals as high-grade drilling underpins resource upgrade
May 5, 2026
Sky Metals has advanced regulatory approvals for its Tallebung tin-tungsten-silver project by submitting a Scoping Report to initiate the New South Wales State Significant Development process, enabling key environmental, technical and permitting w...
Sky Metals Accelerates Tallebung Development on Strong Drilling and $20.5m Raise
Apr 28, 2026
Sky Metals reported strong March quarter progress at its flagship Tallebung tin‑tungsten‑silver project, where a multi‑rig drilling campaign returned multiple shallow high‑grade intercepts and expanded mineralisation to the...
Sky Metals Bolsters Cash Reserves With A$20m Equity Raise Amid Strong Exploration Spend
Apr 28, 2026
Sky Metals Limited reported its quarterly cash flow for the period ended 31 March 2026, showing net operating cash outflows of A$444,000 largely driven by staff, administration and corporate costs. The company continued to invest heavily in explor...
Sky Metals calls 2026 general meeting to ratify major share issues and director placement
Apr 17, 2026
Sky Metals Limited has called a general meeting of shareholders for 19 May 2026 in Sydney, setting 17 May 2026 as the record date to determine voting eligibility. The meeting underscores the company’s reliance on shareholder approval to vali...
Sky Metals Advances Tin-Tungsten Growth Strategy at Tallebung and Doradilla
Apr 8, 2026
Sky Metals Limited has highlighted the Tallebung Tin-Tungsten Project in New South Wales as a large and expanding resource positioned to benefit from modern mining technology, efficient development, and growing global tin demand. The company’...
Sky Metals Expands Tallebung Footprint and Advances Key Approvals
Mar 10, 2026
Sky Metals has reported further high‑grade, shallow tin‑tungsten‑silver intercepts and cassiterite‑bearing rock‑chip assays from ongoing multi‑rig drilling at its Tallebung Tin Project in New South Wales, confir...
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.