Zuleika Gold Limited (AU:ZAG)
ASX:ZAG
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Zuleika Gold Limited
(Sydney:ZAG)
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Select Model
Rating:47Neutral
Price Target:
AU$0.04
▼(-30.00% Downside)
Action:ReiteratedDate: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 (low leverage)
Near-zero debt materially reduces solvency and interest cost risk for an exploration company. This durable structural strength preserves financing optionality, lowers default risk during commodity cycles, and gives management time to pursue discovery without urgent debt servicing pressures.
Negative Factors
Persistent negative cash generation
Recurrent operating and free cash flow deficits mean the company cannot self-fund exploration and development. Over 2-6 months this requires fresh financing or dilutive equity issuance, increasing execution risk, potentially slowing project work and stretching management focus toward fundraising.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet (low leverage)
Near-zero debt materially reduces solvency and interest cost risk for an exploration company. This durable structural strength preserves financing optionality, lowers default risk during commodity cycles, and gives management time to pursue discovery without urgent debt servicing pressures.
Read all positive factors
Zuleika Gold Limited (ZAG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$33.37M
Dividend YieldN/A
Average Volume (3M)437.03K
Price to Earnings (P/E)0.2
Beta (1Y)-0.21
Revenue GrowthN/A
EPS Growth-860.00%
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
Zuleika Gold Limited engages in the exploration and development of gold properties in Australia. Its flagship project is the Zuleika gold project that covers an area of approximately 240 square kilometers located to the northwest of Kalgoorlie. Th...
How the Company Makes Money
null...
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
Positive
0.05
Price Trends
0.04
Negative
0.04
Negative
0.03
Positive
Market Momentum
>-0.01
Negative
52.99
Neutral
173.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ZAG, the sentiment is Positive. The current price of 0.05 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.99 is Neutral, neither overbought nor oversold. The STOCH value of 173.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
55 Neutral | AU$157.95M | -21.30 | -3.54% | ― | ― | ― | |
53 Neutral | AU$13.80M | -1.06 | -15.52% | ― | ― | -233.33% | |
52 Neutral | AU$24.30M | 2.84 | 36.53% | ― | ― | ― | |
48 Neutral | AU$12.98M | -4.44 | -6.21% | ― | ― | -28.57% | |
47 Neutral | AU$33.37M | 0.22 | 124.08% | ― | ― | -860.00% | |
44 Neutral | AU$10.09M | -4.25 | -9.43% | ― | ― | 75.81% |
* Basic Materials Sector Average
AU:ZAG
Zuleika Gold Limited
0.04
0.02
227.27%
AU:GML
Gateway Mining Limited
0.07
0.04
183.33%
AU:MAN
Mandrake Resources Ltd
0.02
<0.01
29.41%
AU:SNG
Siren Gold Ltd
0.08
0.04
80.00%
AU:NWM
Norwest Minerals Ltd.
0.01
0.00
0.00%
AU:NSM
North Stawell Minerals, Ltd.
0.03
>-0.01
-22.86%
Zuleika Gold Limited Corporate Events
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...
Zuleika Gold Details Governance Framework in Half-Year Report
Mar 16, 2026
Zuleika Gold Limited released its financial report for the half-year ended 31 December 2025, outlining its corporate structure and key governance roles. The report highlights the company’s established administrative and compliance framework,...
Zuleika Gold Tightens Governance With Updated Securities Trading Policy
Mar 12, 2026
Zuleika Gold Limited has adopted an updated Securities Trading Policy governing the buying and selling of its securities by key management personnel. The policy aims to ensure that directors, executives, and senior staff avoid insider trading and ...
Zuleika Gold Strengthens Balance Sheet and Grows Resources at Zuleika Project
Jan 30, 2026
Zuleika Gold Limited reported a transformative December 2025 quarter marked by the settlement of its Plutonic Mine litigation and the receipt of $46 million in cash and shares from Catalyst Metals, with a further $2 million due by May 2026, leavin...
Zuleika Gold Unveils Maiden Resource at Paradigm East in Kalgoorlie Region
Jan 27, 2026
Zuleika Gold Limited has announced a maiden inferred mineral resource for its Paradigm East deposit, reporting 12,600 ounces of gold at a 0.5 g/t cut-off, equating to 288,000 tonnes at 1.36 g/t gold. This new estimate, prepared under the JORC 2012...
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.