Zuleika Gold Limited (AU:ZAG)
ASX:ZAG
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Zuleika Gold Limited
(Sydney:ZAG)
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Rating:47Neutral
Price Target:
AU$0.04
▼(-30.00% Downside)
Action:Reiterated
Date:03/28/26
The score is primarily held down by weak financial performance (recurring losses and persistent negative free cash flow despite low leverage). Technicals are also soft with bearish trend and momentum signals, while valuation provides only partial support due to the company’s unstable earnings quality and no dividend.
Positive Factors
Conservative Balance Sheet
The company’s near-zero debt materially lowers solvency and liquidity risk, providing management longer runway to fund exploration and development. A conservative capital structure increases optionality for JV deals or equity financing and reduces the chance of forced asset sales in downturns.
Negative Factors
Recurring Losses
The return to a sizable net loss highlights inconsistent profitability and ongoing operating weakness. Persistent losses erode equity, constrain reinvestment capacity, increase dependency on external capital and make long-term returns contingent on successful exploration outcomes rather than stable operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
The company’s near-zero debt materially lowers solvency and liquidity risk, providing management longer runway to fund exploration and development. A conservative capital structure increases optionality for JV deals or equity financing and reduces the chance of forced asset sales in downturns.
Read all positive factors
Zuleika Gold Limited (ZAG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$31.51M
Dividend YieldN/A
Average Volume (3M)437.03K
Price to Earnings (P/E)0.6
Beta (1Y)0.12
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.05
Shares Outstanding926,879,940
10 Day Avg. Volume661,423
30 Day Avg. Volume437,031
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.32
Price to Sales (P/S)141.73
P/FCF Ratio-7.25
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
Zuleika Gold Limited Business Overview & Revenue Model
Company Description
Based in West Perth, Australia, Zuleika Gold Limited is an Australian company focused on the exploration and subsequent development of gold resources. Formed in 2010, the firm adopted its current name in February 2021, having previously operated a...
How the Company Makes Money
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Zuleika Gold Limited Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
64
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 27.52K | 78.20K | 72.83K | 38.48K | 8.82K | 11.63K |
| Gross Profit | 27.52K | 78.20K | 72.83K | 18.31K | -63.84K | -32.53K |
| EBITDA | -3.28M | -945.63K | 205.54K | -1.03M | -3.30M | -6.13M |
| Net Income | 38.79M | -2.81M | 198.18K | -1.05M | -3.37M | -6.18M |
Balance Sheet | ||||||
| Total Assets | 56.16M | 8.75M | 11.41M | 8.44M | 9.55M | 9.41M |
| Cash, Cash Equivalents and Short-Term Investments | 14.63M | 1.16M | 2.69M | 823.30K | 3.74M | 4.89M |
| Total Debt | 0.00 | 0.00 | 0.00 | 14.75K | 0.00 | 0.00 |
| Total Liabilities | 2.06M | 323.05K | 192.38K | 509.02K | 627.84K | 1.51M |
| Stockholders Equity | 54.10M | 8.43M | 11.22M | 7.93M | 8.92M | 7.90M |
Cash Flow | ||||||
| Free Cash Flow | 7.14M | -1.53M | -1.13M | -2.90M | -4.15M | -3.27M |
| Operating Cash Flow | 7.38M | -750.06K | 10.79K | -1.04M | -1.73M | -1.08M |
| Investing Cash Flow | -651.62K | -777.94K | -1.14M | -1.86M | -2.41M | -2.19M |
| Financing Cash Flow | 6.08M | 0.00 | 3.00M | -13.52K | 2.99M | 5.98M |
Zuleika Gold Limited Technical Analysis
Negative
0.05
Price Trends
0.03
Negative
0.04
Negative
0.04
Negative
Market Momentum
>-0.01
Negative
44.83
Neutral
37.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ZAG, the sentiment is Negative. The current price of 0.05 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.83 is Neutral, neither overbought nor oversold. The STOCH value of 37.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ZAG.
Zuleika Gold 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% | |
47 Neutral | AU$31.51M | 0.65 | 124.08% | ― | ― | ― | |
46 Neutral | AU$25.69M | -12.54 | -9.73% | ― | ― | 62.96% | |
45 Neutral | AU$25.32M | -25.40 | -293.80% | ― | ― | 87.50% | |
44 Neutral | AU$20.82M | -4.89 | -22.98% | ― | ― | 20.95% | |
43 Neutral | AU$23.60M | -5.46 | -58.76% | ― | ― | 28.68% | |
42 Neutral | AU$27.46M | -7.60 | -96.19% | ― | ― | -83.33% |
* Basic Materials Sector Average
AU:ZAG
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Zuleika Gold Limited Corporate Events
Zuleika Gold Issues 250,000 Unquoted Performance Rights Under Incentive Scheme
May 26, 2026
Zuleika Gold Limited has notified the market of the issue of 250,000 unquoted performance rights under its employee incentive scheme, effective 26 May 2026. The new performance rights, which will not be quoted on the ASX, form part of the company&...
Zuleika Gold Names New Company Secretary to Strengthen ASX Compliance
May 8, 2026
Zuleika Gold Limited has appointed Chartered Accountant Natalie Madden as Company Secretary, effective immediately, following the resignation of former Company Secretary Alex Neuling. Madden brings more than 20 years of corporate and financial exp...
Zuleika Gold boosts resources and advances WA gold projects
Apr 30, 2026
Zuleika Gold Limited has reported a maiden Inferred Mineral Resource of 12,600 ounces of gold at its Paradigm East deposit, bringing total inferred and indicated resources at Credo Well and Paradigm East to 35,200 ounces. The company remains debt ...
Zuleika Gold Sets Stage for Aggressive Growth in Kalgoorlie
Apr 29, 2026
Zuleika Gold highlights its strategic position in the gold-rich Kalgoorlie region, emphasizing that its projects lie on the historically productive Zuleika Shear, one of Australia’s most coveted gold belts. The company notes that its existin...
Zuleika Gold Director Hui Guo Lifts Stake via Off-Market Share Transfer
Apr 24, 2026
Zuleika Gold Limited has disclosed a change in the interests of director Hui (Annie) Guo, reflecting an increase in her direct and indirect equity stake in the company. Through Auracle Group Pty Ltd, a company she controls, Guo acquired nearly 3 m...
Zuleika Gold Director Trims Shareholding in Off-Market Transfer
Mar 20, 2026
Zuleika Gold Limited has disclosed a change in director Hui (Annie) Guo’s interest in the company’s securities, following an off-market transfer executed through Auracle Group Pty Ltd, a company she controls. Guo has disposed of 30,000...
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.