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Tungsten Mining NL
(Sydney:TGN)
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Rating:47Neutral
Price Target:
AU$0.21
▲(15.00% Upside)
Action:Reiterated
Date:02/14/26
The score is primarily constrained by weak profitability and negative operating/free cash flows despite strong revenue growth and low leverage. Technicals are mixed but modestly supportive over the medium/long term, while valuation is unfavorable due to losses reflected in the negative P/E.
Positive Factors
Very strong revenue growth
Sustained triple-digit revenue growth signals meaningful top-line traction for the company's projects and product offerings. Over 2-6 months this growth can underpin scale economies and improving unit economics if management controls costs, strengthening long-term project viability.
Negative Factors
Weak profitability
Deep negative margins indicate the company is not yet converting revenue into profits; persistent unprofitability undermines internal funding for development, raises reliance on external capital, and suggests material work remains to reach commercial-scale economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Very strong revenue growth
Sustained triple-digit revenue growth signals meaningful top-line traction for the company's projects and product offerings. Over 2-6 months this growth can underpin scale economies and improving unit economics if management controls costs, strengthening long-term project viability.
Read all positive factors
Tungsten Mining NL (TGN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$293.23M
Dividend YieldN/A
Average Volume (3M)1.64M
Price to Earnings (P/E)―
Beta (1Y)0.28
Revenue GrowthN/A
EPS Growth1.22%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,396,340,200
10 Day Avg. Volume1,614,158
30 Day Avg. Volume1,644,013
Financial Highlights & Ratios
PEG Ratio-0.17
Price to Book (P/B)1.98
Price to Sales (P/S)530.26
P/FCF Ratio-6.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)AU$94.00M
Tungsten Mining NL Business Overview & Revenue Model
Company Description
Tungsten Mining NL is an Australian-based resources firm that engages in the identification, assessment, and advancement of mineral ventures. Its exploration efforts primarily target deposits rich in tungsten, molybdenum, gold, silver, bismuth, an...
How the Company Makes Money
null...
Tungsten Mining NL Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 84.37K | 106.62K | 4.23K | 0.00 | 20.79K | 143.47K |
| Gross Profit | -6.13K | 106.62K | -992.79K | -433.42K | -267.75K | -133.81K |
| EBITDA | -5.04M | -5.53M | -4.74M | -3.28M | -5.22M | -4.85M |
| Net Income | -7.56M | -7.82M | -5.11M | -2.93M | -5.09M | -4.72M |
Balance Sheet | ||||||
| Total Assets | 47.73M | 42.90M | 29.85M | 35.06M | 36.99M | 42.87M |
| Cash, Cash Equivalents and Short-Term Investments | 7.66M | 2.74M | 8.31M | 12.64M | 14.88M | 19.59M |
| Total Debt | 751.01K | 4.56M | 641.11K | 822.26K | 412.15K | 656.34K |
| Total Liabilities | 9.77M | 14.33M | 2.48M | 2.58M | 1.56M | 2.36M |
| Stockholders Equity | 37.96M | 28.56M | 27.38M | 32.49M | 35.42M | 40.51M |
Cash Flow | ||||||
| Free Cash Flow | -4.88M | -9.35M | -4.06M | -1.93M | -4.74M | -4.21M |
| Operating Cash Flow | -4.87M | -5.53M | -4.02M | -1.91M | -4.60M | -4.14M |
| Investing Cash Flow | 310.83K | -3.81M | -42.48K | -15.47K | 444.78K | 59.39K |
| Financing Cash Flow | 8.00M | 3.80M | -268.21K | -303.85K | -292.43K | 468.11K |
Tungsten Mining NL Technical Analysis
Negative
0.18
Price Trends
0.22
Negative
0.24
Negative
0.21
Negative
Market Momentum
>-0.01
Positive
43.99
Neutral
19.80
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TGN, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.22, and below the 200-day MA of 0.21, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.99 is Neutral, neither overbought nor oversold. The STOCH value of 19.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TGN.
Tungsten Mining NL 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% | |
47 Neutral | AU$293.23M | -25.93 | -22.74% | ― | ― | 1.22% | |
46 Neutral | AU$255.41M | -0.85 | -30.65% | ― | 6.78% | 32.51% | |
45 Neutral | AU$267.03M | -36.79 | -2.72% | ― | ― | -9.30% | |
45 Neutral | AU$248.15M | -7.88 | -128.41% | ― | ― | 36.54% | |
44 Neutral | AU$278.52M | -9.32 | -10.21% | ― | 294.23% | 37.64% | |
42 Neutral | AU$70.29M | -0.90 | -67.75% | ― | ― | 69.69% |
* Basic Materials Sector Average
AU:TGN
Tungsten Mining NL
0.21
0.14
187.67%
AU:SYR
Syrah Resources
0.11
-0.25
-69.44%
AU:KGL
KGL Resources Limited
0.20
0.11
121.59%
AU:NTU
Northern Minerals Limited
0.03
>-0.01
-23.53%
AU:ASM
Australian Strategic Materials Ltd
1.03
0.32
45.39%
AU:HAS
Hastings Technology Metals Limited
0.31
<0.01
2.35%
Tungsten Mining NL Corporate Events
Tungsten Mining Flags 2026 Investment Decision as Watershed Study Highlights Strong Economics
Jun 21, 2026
Tungsten Mining NL has released the investor webinar presentation outlining its Watershed Preliminary Economic Evaluation study, which points to strong technical and economic fundamentals amid tightening global tungsten supply. With mining leases ...
Tungsten Mining to Showcase Watershed Study as Project Nears Investment Decision
Jun 18, 2026
Tungsten Mining NL will host an investor webinar on 22 June 2026, led by chairman Gary Lyons, to present highlights from the Watershed Preliminary Economic Evaluation study at a time of tightening global tungsten supply. The Watershed study indica...
Tungsten Mining Fast-Tracks High-Return Watershed Project After Strong Economic Study
Jun 17, 2026
Tungsten Mining NL has completed a Preliminary Economic Evaluation for its Watershed Tungsten Project in Queensland, confirming robust economics with a pre-tax NPV of A$1.309 billion, a 198% IRR, and a nine-month payback from first ore. The study ...
WIN Metals Secures Key Processing Plant for Radio Gold Project
Jun 17, 2026
WIN Metals has secured a six-month option to acquire a modular gravity processing plant from Tungsten Mining, a move that underpins its plan to establish onsite processing at the Radio Gold Project. The plant, which includes key grinding and gravi...
Tungsten Mining Lifts Watershed Resource on Stronger Tungsten Prices
Jun 17, 2026
Tungsten Mining NL has completed an updated Mineral Resource estimate for its Watershed Tungsten Project in Queensland, lowering the cut-off grade from 0.05% to 0.04% WO₃ to reflect stronger global tungsten prices. The revised estimate, repo...
Tungsten Mining starts major drilling campaign at Mt Mulgine
Jun 4, 2026
Tungsten Mining NL has begun a substantial drilling program at its Mt Mulgine Project, comprising 130 reverse circulation holes totaling 40,000 metres and 37 PQ diamond holes for 4,700 metres at the Mulgine Trench deposit. The campaign is designed...
Tungsten Mining Showcases Two Flagship Critical Minerals Projects to Investors
May 13, 2026
Tungsten Mining NL announced that its chairman, Gary Lyons, delivered a presentation titled “Tungsten Mining: Developing Two World-Class Critical Minerals Projects” at the NWR Communications Critical Minerals Investor Lunch. The presen...
Tungsten Mining Advances Mt Mulgine Drilling in Bid to Grow World-Scale Tungsten Resource
May 12, 2026
Tungsten Mining NL has started on-site preparation activities at its Mt Mulgine Project in Western Australia ahead of a major reverse circulation and diamond drilling campaign at the Mulgine Trench deposit. The work includes drill pad construction...
Tungsten Mining accelerates Mt Mulgine and Watershed push after $53m raise
Apr 30, 2026
Tungsten Mining NL reported a strong March quarter marked by a $53 million equity placement, which has left the company with nearly $54 million in cash and funded an accelerated work program at its Mt Mulgine and Watershed tungsten projects. Manag...
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.