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Santana Minerals Ltd.
(Sydney:SMI)
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Rating:47Neutral
Price Target:
AU$0.45
▼(-50.22% Downside)
Action:Reiterated
Date:05/01/26
The score is held back primarily by pre-revenue financials with ongoing losses and expanding negative free cash flow, despite a notably strong, low-debt balance sheet. Technicals are bearish (below major DMAs with negative MACD), and valuation signals remain weak due to negative earnings and no dividend support.
Positive Factors
Very low leverage / strong balance sheet
Extremely low leverage provides durable funding capacity and reduces refinancing risk, letting the company fund exploration and technical studies without high interest burdens. Over the next 2-6 months this structural balance-sheet strength supports optionality on project advancement and lowers forced-dilution pressure.
Negative Factors
Pre-revenue with persistent losses
Being pre-revenue means fundamental value depends entirely on exploration success and future commercialization. Persistent net losses erode retained capital over time and make shareholder returns contingent on successful resource conversion, leaving structural uncertainty about sustainable earnings in the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low leverage provides durable funding capacity and reduces refinancing risk, letting the company fund exploration and technical studies without high interest burdens. Over the next 2-6 months this structural balance-sheet strength supports optionality on project advancement and lowers forced-dilution pressure.
Read all positive factors
Santana Minerals Ltd. (SMI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$453.45M
Dividend YieldN/A
Average Volume (3M)1.79M
Price to Earnings (P/E)―
Beta (1Y)1.45
Revenue GrowthN/A
EPS Growth68.42%
CountryAU
Employees23
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding985,760,560
10 Day Avg. Volume1,698,672
30 Day Avg. Volume1,789,977
Financial Highlights & Ratios
PEG Ratio4.44
Price to Book (P/B)3.37
Price to Sales (P/S)0.00
P/FCF Ratio-18.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.45Price Target Upside59.34% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.01
Revenue Forecast (FY)N/A
Santana Minerals Ltd. Business Overview & Revenue Model
Company Description
Santana Minerals Limited engages in the exploration and evaluation of gold properties in New Zealand, Cambodia, and Mexico. The company explores for gold, silver, and diamond properties. It holds a 100% interest in the Bendigo-Ophir gold project c...
How the Company Makes Money
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Santana Minerals Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
72
Positive
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 | 0.00 | -115.87K | -12.66K | -406.00 | -469.00 | -12.08K |
| EBITDA | -2.91M | -4.71M | -2.54M | -6.84M | -990.69K | -1.21M |
| Net Income | -1.31M | -1.69M | -2.59M | -6.87M | -1.04M | -6.35M |
Balance Sheet | ||||||
| Total Assets | 163.27M | 106.40M | 69.78M | 39.99M | 19.92M | 17.14M |
| Cash, Cash Equivalents and Short-Term Investments | 89.98M | 50.45M | 33.07M | 17.21M | 2.45M | 3.93M |
| Total Debt | 371.43K | 199.19K | 52.85K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 5.18M | 3.80M | 1.93M | 987.04K | 642.62K | 391.31K |
| Stockholders Equity | 158.10M | 102.60M | 67.85M | 39.00M | 19.28M | 16.75M |
Cash Flow | ||||||
| Free Cash Flow | -1.60M | -18.99M | -15.21M | -10.74K | -5.19K | -3.93M |
| Operating Cash Flow | -1.24M | -2.73M | -1.53M | -1.22K | -1.04K | -1.72M |
| Investing Cash Flow | -28.47M | -16.08M | -13.68M | -9.52K | -4.15M | -2.21M |
| Financing Cash Flow | 89.35M | 36.18M | 31.07M | 25.50M | 3.71M | 7.03M |
Santana Minerals Ltd. Technical Analysis
Negative
0.91
Price Trends
0.58
Negative
0.70
Negative
0.79
Negative
Market Momentum
-0.03
Positive
32.36
Neutral
9.54
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SMI, the sentiment is Negative. The current price of 0.91 is above the 20-day moving average (MA) of 0.54, above the 50-day MA of 0.58, and above the 200-day MA of 0.79, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 32.36 is Neutral, neither overbought nor oversold. The STOCH value of 9.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SMI.
Santana Minerals Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
56 Neutral | AU$377.89M | -64.04 | -4.78% | ― | ― | 19.27% | |
49 Neutral | AU$224.04M | 28.33 | 2.29% | ― | ― | ― | |
48 Neutral | AU$445.56M | 13.93 | 5.36% | ― | 1.53% | ― | |
47 Neutral | AU$453.45M | -287.50 | -1.01% | ― | ― | 68.42% | |
44 Neutral | AU$631.00M | -28.00 | -27.45% | ― | ― | 11.97% | |
43 Neutral | AU$287.92M | -3.48 | -117.09% | ― | ― | -432.83% |
* Basic Materials Sector Average
AU:SMI
Santana Minerals Ltd.
0.46
-0.08
-14.02%
AU:STK
Strickland Metals Ltd
0.09
-0.06
-39.29%
AU:MTM
Mt Monger Resources Ltd.
0.39
-0.32
-45.45%
AU:29M
29metals Ltd.
0.26
>-0.01
-1.16%
AU:LRV
Larvotto Resources Limited
1.22
0.50
69.93%
AU:AZY
Antipa Minerals Limited
0.57
-0.13
-18.57%
Santana Minerals Ltd. Corporate Events
Santana Minerals Voluntarily Pauses to Strengthen Fast-Track Approvals Bid
Jun 25, 2026
Santana Minerals has voluntarily paused aspects of its fast-track approvals process after an expert panel conference, in order to supply additional data and reports and to refine project conditions with regulators. The company stresses that the ap...
Santana Minerals Extends Timeline for Bendigo-Ophir Land Settlement
May 10, 2026
Santana Minerals has corrected an earlier notice regarding regulatory consent for its purchase of 3,680 hectares of freehold land tied to the Bendigo-Ophir Project in New Zealand. The company clarified that the New Zealand Overseas Investment Offi...
Santana Minerals Director Peter Cook Increases Stake via Share Placement
Apr 8, 2026
Santana Minerals director Peter Cook has increased his indirect stake in the company through Ajava Holdings Pty Ltd by acquiring 911,111 ordinary shares at $0.90 per share via participation in a placement. Following the transaction, Ajava Holdings...
Santana Minerals Director Increases Equity Stake Through Share Placement
Apr 8, 2026
Santana Minerals Ltd. has disclosed a change in director Frederick James Leslie Bunting’s interest in the company’s securities, following his participation in a share placement. Bunting, through Depot Corporation Limited, acquired 222,...
Santana Minerals Director Increases Indirect Shareholding via Placement
Apr 8, 2026
Santana Minerals has disclosed a change in director Emma Scotney’s indirect holding, with an associated entity acquiring 200,000 additional ordinary shares at $0.90 per share through participation in a placement. Following this transaction, ...
Santana Minerals Seeks ASX Quotation for Nearly 19 Million New Shares
Apr 8, 2026
Santana Minerals Ltd. has applied to the ASX for quotation of 18,930,718 new ordinary fully paid shares, with an issue date of 8 April 2026. The move formalises the listing of these securities, increasing the company’s quoted share count and...
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.