Sunstone Metals Limited (AU:STM)
ASX:STM
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Sunstone Metals Limited
(Sydney:STM)
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Rating:44Neutral
Price Target:
AU$0.32
â–²(14.29% Upside)
Action:ReiteratedDate:03/21/26
The score is primarily constrained by weak operating fundamentals (no revenue, ongoing losses, and persistent negative free cash flow) and bearish technicals (below key moving averages with negative MACD). A strong, low-debt balance sheet provides some support, but valuation is limited by loss-making status and no dividend data.
Positive Factors
Strong balance sheet
A near-zero leverage profile and material equity growth provide durable financial flexibility. This balance sheet strength reduces immediate refinancing pressure, supports capital allocation for project development, and lowers short-to-medium term insolvency risk while the business pursues revenue generation.
Negative Factors
Pre-revenue operations
Being pre-revenue means the company's intrinsic value depends on exploration and development outcomes rather than recurring cash flows. This structural profile creates high execution risk, limited predictability of results, and no internal cash generation to fund operations over the 2–6 month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
A near-zero leverage profile and material equity growth provide durable financial flexibility. This balance sheet strength reduces immediate refinancing pressure, supports capital allocation for project development, and lowers short-to-medium term insolvency risk while the business pursues revenue generation.
Read all positive factors
Sunstone Metals Limited (STM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$63.50M
Dividend YieldN/A
Average Volume (3M)12.11M
Price to Earnings (P/E)―
Beta (1Y)0.38
Revenue GrowthN/A
EPS Growth33.33%
CountryAU
Employees38
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding226,799,850
10 Day Avg. Volume10,224,465
30 Day Avg. Volume12,107,473
Financial Highlights & Ratios
PEG Ratio1.10K
Price to Book (P/B)0.81
Price to Sales (P/S)0.00
P/FCF Ratio-6.87K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.11Price Target Upside654.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.01
Revenue Forecast (FY)N/A
Sunstone Metals Limited Business Overview & Revenue Model
Company Description
Sunstone Metals Limited engages in the exploration and evaluation of gold and copper properties. It holds 87.5% interests in the Bramaderos project covering 4,959 hectares located in Loja Province, southern Ecuador; and 70% interests in the El Pal...
How the Company Makes Money
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Sunstone Metals Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
28
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 | -8.59K | -36.62K | -78.53K | -76.06K | -68.82K | -66.92K |
| EBITDA | -2.30M | ― | -2.19M | -1.79M | -2.79M | 2.96M |
| Net Income | -2.27M | -2.41K | -2.29M | -1.88M | -2.87M | 3.23M |
Balance Sheet | ||||||
| Total Assets | 102.46M | 95.06M | 85.99M | 80.05M | 68.81M | 44.13M |
| Cash, Cash Equivalents and Short-Term Investments | 7.92M | 2.74M | 2.78M | 10.59M | 25.70M | 12.17M |
| Total Debt | 0.00 | 0.00 | 78.40K | 32.58K | 72.48K | 108.38K |
| Total Liabilities | 786.13K | 935.51K | 2.07M | 1.91M | 2.44M | 796.48K |
| Stockholders Equity | 100.80M | 93.26M | 83.04M | 77.27M | 65.50M | 42.46M |
Cash Flow | ||||||
| Free Cash Flow | -2.53M | -10.97K | -15.87M | -26.85M | -15.69M | -8.50M |
| Operating Cash Flow | -2.43M | -2.96K | -1.41M | -1.75M | 3.03M | -1.31M |
| Investing Cash Flow | -5.84M | -8.01K | -14.45M | -23.19M | -12.51M | 9.83M |
| Financing Cash Flow | 14.15M | 11.05K | 8.24M | 11.31M | 21.30M | -30.91K |
Sunstone Metals Limited 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% | |
50 Neutral | AU$1.59B | -12.21 | -33.71% | ― | 149.43% | 1.20% | |
49 Neutral | AU$241.87M | 8.70 | -20.24% | ― | ― | 4.04% | |
47 Neutral | AU$396.73M | -3.48 | -10.21% | ― | 2.00% | 8.82% | |
46 Neutral | AU$137.83M | -23.96 | -23.79% | ― | ― | -280.00% | |
45 Neutral | AU$173.04M | -5.58 | -8.25% | ― | ― | -55.56% | |
44 Neutral | AU$63.50M | -32.51 | -2.57% | ― | ― | 33.33% |
* Basic Materials Sector Average
AU:STM
Sunstone Metals Limited
0.28
-0.02
-6.35%
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Sunstone Metals Limited Corporate Events
Sunstone Metals Seeks ASX Quotation for New Ordinary Shares
Mar 25, 2026
Sunstone Metals has applied to the ASX for quotation of 34,734 new ordinary fully paid shares, with an issue date of 18 March 2026. The relatively small share issuance, arising from the exercise or conversion of existing securities, represents a r...
Sunstone director Patrick Duffy increases stake via placement participation
Mar 17, 2026
Sunstone Metals has disclosed a change in director Patrick Duffy’s interests following his participation in a recent capital raising. Duffy increased his total holding to 1,230,943 ordinary shares, alongside existing unquoted options and per...
Sunstone Metals issues new shares and affirms disclosure compliance
Mar 13, 2026
Sunstone Metals Limited has issued 140,352 fully paid ordinary shares on 12 March 2026, following shareholder approval granted at a general meeting on 23 February 2026. The company states this share issue was completed without a prospectus under t...
Sunstone Metals Seeks ASX Quotation for Additional Ordinary Shares
Mar 13, 2026
Sunstone Metals Ltd has applied for quotation on the ASX of 140,352 ordinary fully paid shares, with an issue date of 12 March 2026. The new securities form part of previously announced transactions and their quotation will modestly expand the com...
Sunstone Metals Seeks ASX Quotation for Additional Ordinary Shares
Mar 13, 2026
Sunstone Metals Ltd has applied for quotation on the ASX of 2,000 additional ordinary fully paid shares, following the issue of these securities on 6 March 2026. The small increase in quoted capital reflects routine equity administration, with lim...
Sunstone expands Porotillo mineralisation as Bramaderos drilling ramps up
Mar 10, 2026
Sunstone Metals has reported a 462m trench intersection grading 0.55 g/t gold-equivalent at the Porotillo discovery within its Bramaderos gold-copper project in southern Ecuador, significantly expanding the known footprint of surface mineralisatio...
Sunstone Metals Completes 30-for-1 Share Consolidation to Streamline Capital Structure
Mar 6, 2026
Sunstone Metals Limited has completed a 30-for-1 share consolidation approved by shareholders in late February, resulting in 226,622,757 fully paid ordinary shares on issue along with unquoted options and performance rights. The move is aimed at c...
Sunstone sharpens Bramaderos disclosure as Porotillo trenching bolsters growth ambitions
Feb 27, 2026
Sunstone Metals has amended a recent announcement on its Bramaderos Project in southern Ecuador to include required technical disclosure for historical drilling at the Porotillo prospect, while confirming that these legacy drill data are not yet p...
Sunstone Metals Wins Approval for 30-for-1 Share Consolidation
Feb 23, 2026
Sunstone Metals has secured shareholder approval for a 30-for-1 consolidation of its share capital, effective 23 February 2026. The restructuring reduces its ordinary shares from 6.8 billion to about 226.6 million, and similarly consolidates unlis...
Sunstone Metals Shareholders Back Placement, Director Issuances and Capital Consolidation
Feb 23, 2026
Sunstone Metals Limited has reported that all resolutions put to shareholders at its 23 February 2026 general meeting were passed by poll, reflecting strong investor support for the board’s proposals. The resolutions included ratification of...
Sunstone Metals Seeks ASX Quotation for 2 Million New Shares
Feb 19, 2026
Sunstone Metals Ltd has applied to the ASX for quotation of 2,000,000 additional ordinary fully paid shares, with the securities issued on 17 February 2026. The new shares arise from the exercise or conversion of existing options or other converti...
Sunstone unveils high-grade Porotillo results to drive Bramaderos resource growth
Feb 3, 2026
Sunstone Metals has reported high-grade trenching results from the Porotillo porphyry system at its Bramaderos gold-copper project in southern Ecuador, confirming extensive surface mineralisation and reinforcing the potential to expand its existin...
Sunstone Metals Seeks ASX Quotation for 4.3 Million New Shares
Jan 30, 2026
Sunstone Metals Ltd has applied to the ASX for quotation of 4.3 million new fully paid ordinary shares under its existing issuer code STM. The newly issued securities, dated 30 January 2026, arise from the exercise or conversion of existing option...
Sunstone Metals to Consolidate Shares and Restructure Capital Base
Jan 21, 2026
Sunstone Metals Ltd has announced a security consolidation affecting its ordinary fully paid shares, performance rights and various options, as notified to the ASX under a new Appendix 3A.3 filing. Trading in the post-consolidation securities will...
Sunstone Metals Calls General Meeting to Ratify Placement and Approve 30-for-1 Share Consolidation
Jan 21, 2026
Sunstone Metals Limited has called a general meeting of shareholders for 23 February 2026 in Melbourne to seek approval for several capital management resolutions, including the ratification of a prior share placement and director participation in...
Sunstone Metals Proposes 30-for-1 Share Consolidation to Streamline Capital Structure
Jan 21, 2026
Sunstone Metals Limited plans to undertake a 30-for-1 share consolidation, subject to shareholder approval at a general meeting on 23 February 2026, to address its unusually large securities base of approximately 6.79 billion shares plus hundreds ...
Sunstone Metals Boosts Ecuador Gold-Copper Resources and Advances Deal Talks
Jan 19, 2026
Sunstone Metals reported a highly successful quarter marked by a 900,000-ounce increase in the Bramaderos Mineral Resource Estimate to 3.6 million ounces of gold equivalent, including a tripling of Indicated resources to 600,000 ounces to underpin...
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
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