Santana Minerals Ltd. (AU:SMI)
ASX:SMI
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Santana Minerals Ltd.
(Sydney:SMI)
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Rating:47Neutral
Price Target:
AU$0.62
▼(-31.76% 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
Balance sheet strength
Extremely low leverage and a materially larger equity base provide durable funding capacity for exploration and development stages. This reduces near-term refinancing risk, allowing the company to pursue multi-stage technical programs and optionality without immediate debt pressure.
Negative Factors
Pre-revenue operations
Being pre-revenue is a sustained fundamental constraint: the business relies on capital markets rather than internal cash generation. Without a revenue base, long-term viability depends on successful project conversion or repeated funding, increasing dilution and execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Extremely low leverage and a materially larger equity base provide durable funding capacity for exploration and development stages. This reduces near-term refinancing risk, allowing the company to pursue multi-stage technical programs and optionality without immediate debt pressure.
Read all positive factors
Santana Minerals Ltd. (SMI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$552.03M
Dividend YieldN/A
Average Volume (3M)1.79M
Price to Earnings (P/E)―
Beta (1Y)1.40
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 Ratio0.00
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$1.67Price Target Upside84.07% 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, silver, and base metal properties in New Zealand, Cambodia, and Mexico. It holds a 100% interest in the Bendigo-Ophir gold project covering an area of 292 square kilometer...
How the Company Makes Money
null...
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
0.65
Negative
0.81
Negative
0.80
Negative
Market Momentum
-0.03
Positive
41.12
Neutral
22.62
Neutral
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 0.59, above the 50-day MA of 0.65, and above the 200-day MA of 0.80, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 41.12 is Neutral, neither overbought nor oversold. The STOCH value of 22.62 is Neutral, 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$440.87M | -76.27 | -4.78% | ― | ― | 19.27% | |
49 Neutral | AU$303.11M | 103.21 | 2.29% | ― | ― | ― | |
48 Neutral | AU$480.51M | 16.90 | 5.36% | ― | 1.53% | ― | |
47 Neutral | AU$552.03M | -311.11 | -1.01% | ― | ― | 68.42% | |
45 Neutral | AU$648.81M | -33.85 | -27.45% | ― | ― | 11.97% | |
42 Neutral | AU$398.65M | -5.84 | -117.09% | ― | ― | -432.83% |
* Basic Materials Sector Average
AU:SMI
Santana Minerals Ltd.
0.56
0.02
2.75%
AU:STK
Strickland Metals Ltd
0.12
-0.03
-17.86%
AU:MTM
Mt Monger Resources Ltd.
0.54
0.17
45.95%
AU:29M
29metals Ltd.
0.28
0.09
49.46%
AU:LRV
Larvotto Resources Limited
1.25
0.62
98.41%
AU:AZY
Antipa Minerals Limited
0.67
<0.01
0.76%
Santana Minerals Ltd. Corporate Events
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...
Santana Minerals Director Increases Stake Through Share Purchase Plan
Mar 23, 2026
Santana Minerals has disclosed a change in director Frederick James Leslie Bunting’s interests following his participation, via Depot Corporation Limited, in a Share Purchase Plan. Bunting, who already held performance rights and a substanti...
Santana Minerals Director Increases Stake via Share Purchase Plan
Mar 23, 2026
Santana Minerals has disclosed a change in director Damian Spring’s holdings following his participation in the company’s share purchase plan. Spring acquired 27,720 ordinary shares at $0.90 each, increasing his direct holding to 3,343...
Santana Minerals Director Increases Stake via Share Purchase Plan
Mar 23, 2026
Santana Minerals has disclosed a change in director Samuel Smith’s interests, following his participation in the company’s share purchase plan on 20 March 2026. Through this on-market transaction, Smith acquired 27,720 ordinary shares ...
Santana Minerals Seeks ASX Quotation for 4.6 Million New Shares
Mar 20, 2026
Santana Minerals Ltd. has applied to the ASX for quotation of 4,557,937 new ordinary fully paid shares, to be issued on March 20, 2026. The additional securities, lodged via an Appendix 2A as a new announcement, expand the company’s quoted c...
Santana Minerals Raises A$4.1m in Share Purchase Plan
Mar 19, 2026
Santana Minerals has completed its share purchase plan, raising about A$4.1 million from eligible retail investors following a A$130 million placement completed in February 2026. The company will issue approximately 4.56 million new shares at A$0....
Santana Minerals Releases Half-Year Financial Report for December 2025
Mar 9, 2026
Santana Minerals Limited has released its half-year report for the period ended December 2025, providing consolidated interim financial statements, directors’ and auditors’ reports, and related notes on its financial position and perfo...
S&P Dow Jones Indices Unveils March 2026 S&P/ASX Rebalance
Mar 6, 2026
SP Dow Jones Indices has announced its March 2026 quarterly rebalance of the SP/ASX indices, with changes effective before trading on March 23. The reshuffle affects the composition of the SP/ASX 20, 50, 100, 200, and 300, reflecting shifts in mar...
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.