Victory Goldfields Limited (AU:VTM)
ASX:VTM
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Victory Goldfields Limited
(Sydney:VTM)
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Rating:55Neutral
Price Target:
AU$2.00
▲(66.67% Upside)
Action:ReiteratedDate:04/11/26
The score is held back primarily by weak fundamentals—small/volatile revenue, sizable losses, and ongoing cash burn—partly offset by a low-leverage balance sheet. Technicals are supportive with strong trend and positive momentum, while valuation signals are limited because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Low leverage
Very low debt reduces bankruptcy and interest-rate risks and preserves balance-sheet optionality. For an exploration developer, low leverage supports continued field programs or structured farm-ins without urgent refinancing, improving resilience over the next 2–6 months.
Negative Factors
Persistent negative cash flow
Consistent operating and free cash outflow shows the company cannot internally fund exploration and development. Over the medium term this necessitates external financing, JV monetisation, or asset sales, raising dilution and execution risk for project advancement and continuity.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low debt reduces bankruptcy and interest-rate risks and preserves balance-sheet optionality. For an exploration developer, low leverage supports continued field programs or structured farm-ins without urgent refinancing, improving resilience over the next 2–6 months.
Read all positive factors
Victory Goldfields Limited (VTM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$242.26M
Dividend YieldN/A
Average Volume (3M)413.38K
Price to Earnings (P/E)―
Beta (1Y)1.36
Revenue GrowthN/A
EPS Growth-35.98%
CountryAU
Employees100
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding131,304,930
10 Day Avg. Volume213,674
30 Day Avg. Volume413,383
Financial Highlights & Ratios
PEG Ratio-0.48
Price to Book (P/B)5.69
Price to Sales (P/S)653.39
P/FCF Ratio-22.97
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)N/A
Victory Goldfields Limited Business Overview & Revenue Model
Company Description
Victory Metals Limited engages in the exploration and development of gold projects in Australia. It holds interest in the Cue goldfields being the Victory Tenements located in Western Australia; and explores for North Stanmore rare earth element p...
How the Company Makes Money
Victory Goldfields Limited’s earnings are typically derived from the mineral exploration and development business model rather than from diversified operating services. Key ways the company may generate revenue include: (1) Sale of minerals/produc...
Victory Goldfields Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2023 | Jun 2022 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -674.77K | 140.38K | 57.03K | 19.94K | 0.00 | 0.00 |
| Gross Profit | -805.97K | 140.38K | 57.03K | -224.88K | -131.13K | -660.00 |
| EBITDA | -4.83M | -2.28M | -1.08M | -1.04M | -3.82M | -271.32K |
| Net Income | -5.58M | -3.70M | -1.91M | -1.26M | -3.97M | -271.98K |
Balance Sheet | ||||||
| Total Assets | 26.87M | 17.40M | 11.02M | 8.78M | 4.29M | 13.44K |
| Cash, Cash Equivalents and Short-Term Investments | 13.56M | 6.46M | 2.89M | 3.12M | 1.90M | 4.02K |
| Total Debt | 157.96K | 195.84K | 0.00 | 0.00 | 387.86K | 46.86K |
| Total Liabilities | 814.95K | 1.28M | 539.12K | 511.55K | 885.19K | 324.45K |
| Stockholders Equity | 26.06M | 16.12M | 10.49M | 8.27M | 3.41M | -311.01K |
Cash Flow | ||||||
| Free Cash Flow | -3.17M | -3.99M | -3.49M | -4.17M | -2.47M | -65.08K |
| Operating Cash Flow | -975.10K | -513.25K | -279.43K | -904.64K | -807.42K | -65.08K |
| Investing Cash Flow | -5.02M | -3.54M | -3.21M | -3.29M | 3.34M | 0.00 |
| Financing Cash Flow | 14.70M | 7.62M | 3.26M | 5.42M | -639.69K | 46.86K |
Victory Goldfields Limited Technical Analysis
Positive
1.20
Price Trends
1.35
Positive
1.28
Positive
1.27
Positive
Market Momentum
0.10
Negative
72.97
Negative
92.32
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VTM, the sentiment is Positive. The current price of 1.2 is below the 20-day moving average (MA) of 1.48, below the 50-day MA of 1.35, and below the 200-day MA of 1.27, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 72.97 is Negative, neither overbought nor oversold. The STOCH value of 92.32 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:VTM.
Victory Goldfields Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$773.71M | 3.23 | 73.07% | ― | 117.95% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | AU$215.53M | -301.32 | -2.84% | ― | ― | 42.74% | |
55 Neutral | AU$242.26M | -17.50 | -26.45% | ― | ― | -35.98% | |
54 Neutral | AU$184.62M | 4.74 | 2.67% | ― | 46.74% | -47.98% | |
44 Neutral | AU$160.29M | -23.38 | -5.07% | ― | ― | ― | |
44 Neutral | AU$164.82M | -22.91 | -5.59% | ― | ― | ― |
* Basic Materials Sector Average
AU:VTM
Victory Goldfields Limited
1.85
1.46
379.22%
AU:FML
Focus Minerals Ltd
2.70
2.48
1100.00%
AU:GPR
Geopacific Resources Limited
0.05
0.03
150.00%
AU:CY5
Cygnus Metals Limited
0.14
0.05
50.00%
AU:KAU
Kaiser Reef Ltd
0.27
0.10
54.29%
AU:HRN
Horizon Gold Ltd
1.21
0.77
175.63%
Victory Goldfields Limited Corporate Events
Victory Metals Issues 500,000 Unquoted Performance Rights Under Incentive Plan
Apr 10, 2026
Victory Metals Limited has issued 500,000 unquoted performance rights under its employee incentive scheme, with an issue date of 10 April 2026. The new securities will not be quoted on the ASX, indicating they are designed primarily as internal re...
Victory Metals Plans Modest Share Placement to Raise Capital
Apr 2, 2026
Victory Metals Limited, an Australian resources company listed on the ASX under ticker VTM, operates in the metals and mining sector with a focus on exploring and developing metal assets. Its ordinary fully paid shares form the basis of its capita...
Victory Metals Claims Low-Cost Breakthrough in Heavy Rare Earth Recovery at North Stanmore
Apr 1, 2026
Victory Metals has reported breakthrough metallurgical results from flotation concentrate at its North Stanmore heavy rare earth project in Western Australia, achieving a 48× upgrade to 5.9% TREO while rejecting about 95% of feed mass. Subseq...
Victory Metals Reports Cessation of 133,333 Performance Rights
Mar 30, 2026
Victory Metals Limited has notified the market of the cessation of 133,333 performance rights, identified under the ASX security code VTMAE, effective 30 March 2026. The termination of these securities, attributed to an unspecified ‘other...
Victory Metals Adviser Sells Shares for Tax as Flagship Rare Earths Project Underpins Strategy
Mar 23, 2026
Victory Metals Limited has disclosed that adviser Professor Kenneth Collerson sold 200,000 shares to meet personal tax obligations arising from the vesting of previously granted performance rights, with the company stressing the sale does not sign...
Victory Metals Issues Interim Financial Report for Half Year to 31 December 2025
Mar 16, 2026
Victory Metals Limited has released its interim financial report for the six months ended 31 December 2025, providing shareholders with condensed consolidated statements of profit or loss, financial position, changes in equity and cash flows. The ...
Victory Metals Builds Elite Rare Earths Team to Fast-Track North Stanmore Project
Mar 11, 2026
Victory Metals has assembled a world-class technical leadership team to accelerate development of its North Stanmore Heavy Rare Earths Project in Western Australia. Newly appointed experts Ken Baxter, Scott Atkinson, Dr Ludovic Dumée and Pete...
Victory Metals hits record rare earth grade at North Stanmore
Mar 9, 2026
Victory Metals has reported its highest total rare earth oxide intersection to date at the North Stanmore project, with a peak grade of 11,565 ppm TREO from shallow depths in a clay-hosted system. The latest aircore infill drilling, comprising 63 ...
Victory Metals Boosts North Stanmore Rare Earths to 5.9% TREO via Flotation Breakthrough
Mar 2, 2026
Victory Metals has reported first-pass flotation test results from its North Stanmore heavy rare earth project in Western Australia, showing that ore with a head grade of about 1,251 ppm TREO can be upgraded to a concentrate of up to 5.9% TREO whi...
Victory Metals Unveils Major Hafnium Upgrade Breakthrough at North Stanmore
Feb 9, 2026
Victory Metals has reported breakthrough metallurgical test results from its North Stanmore project, showing that simple, chemical-free gravity separation can upgrade hafnium grades 26-fold while recovering 66% of the metal into just 3.5% of the o...
Heritage Clearance Unlocks New Heavy Rare Earth Exploration at Victory’s North Stanmore Project
Jan 27, 2026
Victory Metals has secured heritage site clearance over approximately 1,000 acres of tenure immediately adjoining the alkaline intrusion that hosts high‑grade heavy rare earth mineralisation at its North Stanmore project in Western Australia...
Victory Metals Seeks ASX Quotation for 164,250 New Shares
Jan 21, 2026
Victory Metals Limited has applied to the ASX for quotation of 164,250 new ordinary fully paid shares, to be issued on 21 January 2026, under its Appendix 2A filing. The relatively small issuance reflects routine capital management activity and wi...
Victory Metals Reports Breakthrough Leach Results and Strategic Advances at North Stanmore Rare Earths Project
Jan 14, 2026
Victory Metals has reported breakthrough metallurgical results at its North Stanmore heavy rare earths project, with new kinetic leach tests showing about 80% of rare earths can be leached in just 30 minutes, compared with the four-hour assumption...
Glossary
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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.