Zenith Minerals Limited (AU:ZNC)
ASX:ZNC
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Zenith Minerals Limited
(Sydney:ZNC)
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Rating:44Neutral
Price Target:
AU$0.07
â–¼(-20.00% Downside)
Action:Reiterated
Date:05/02/26
The score is primarily held down by weak financial performance (declining revenue, persistent losses, and ongoing cash burn). Technicals also detract as the stock trades below key moving averages with negative MACD. Valuation offers limited support because earnings are negative (negative P/E) and no dividend yield is provided.
Positive Factors
Low leverage / virtually no debt
A near-zero debt profile materially reduces refinancing and interest-rate risk, preserving strategic optionality for exploration cycles. This conservative capital structure supports resilience through commodity cycles and lowers solvency pressure, aiding long-term survival while growth or discoveries are pursued.
Negative Factors
Shrinking revenue and sustained losses
Material revenue contraction combined with persistent operating and net losses undermines the firm's ability to self-fund exploration and convert discoveries into value. Prolonged top-line weakness reduces optionality, pressures margins, and increases the need for external capital, constraining long-term strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / virtually no debt
A near-zero debt profile materially reduces refinancing and interest-rate risk, preserving strategic optionality for exploration cycles. This conservative capital structure supports resilience through commodity cycles and lowers solvency pressure, aiding long-term survival while growth or discoveries are pursued.
Read all positive factors
Zenith Minerals Limited (ZNC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$43.20M
Dividend YieldN/A
Average Volume (3M)564.13K
Price to Earnings (P/E)―
Beta (1Y)2.00
Revenue Growth74.61%
EPS Growth33.33%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding600,010,200
10 Day Avg. Volume182,348
30 Day Avg. Volume564,129
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.97
Price to Sales (P/S)44.35
P/FCF Ratio-9.95
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
Zenith Minerals Limited Business Overview & Revenue Model
Company Description
Zenith Minerals Limited, together with its subsidiaries, engages in the exploration of mineral properties in Australia, Turkey, Europe, and the United States. The company explores for gold, lithium, base metal, manganese, tantalum, copper, zinc, l...
How the Company Makes Money
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Zenith Minerals Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
66
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.11M | 298.72K | 649.81K | 1.64M | 1.12M | 247.24K |
| Gross Profit | 1.08M | 298.72K | 668.32K | 1.62M | 1.11M | 226.98K |
| EBITDA | -707.76K | -1.43M | -59.07K | -6.73M | -868.21K | 820.57K |
| Net Income | -1.96M | -2.90M | -4.47M | -9.31M | 1.47M | 2.01M |
Balance Sheet | ||||||
| Total Assets | 25.16M | 14.42M | 14.47M | 19.30M | 26.82M | 13.32M |
| Cash, Cash Equivalents and Short-Term Investments | 8.45M | 1.52M | 2.86M | 6.58M | 15.37M | 6.47M |
| Total Debt | 170.37K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 974.40K | 725.00K | 435.43K | 881.53K | 303.81K | 340.68K |
| Stockholders Equity | 24.18M | 13.70M | 14.04M | 18.42M | 26.52M | 12.98M |
Cash Flow | ||||||
| Free Cash Flow | 106.27K | -1.33M | -3.36M | -6.36M | -5.65M | -4.39M |
| Operating Cash Flow | -1.74M | -1.33M | -838.17K | -6.30M | -5.65M | -4.38M |
| Investing Cash Flow | -4.17M | -1.76M | -280.44K | 375.17K | -45.08K | 492.13K |
| Financing Cash Flow | 11.13M | 2.54M | 0.00 | 273.68K | 11.77M | 4.76M |
Zenith Minerals Limited Technical Analysis
Positive
0.09
Price Trends
0.07
Positive
0.08
Negative
0.08
Negative
Market Momentum
<0.01
Negative
55.53
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ZNC, the sentiment is Positive. The current price of 0.09 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.07, and above the 200-day MA of 0.08, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.53 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ZNC.
Zenith Minerals 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% | |
56 Neutral | AU$40.51M | -0.91 | -41.37% | ― | -53.41% | 70.61% | |
52 Neutral | AU$39.28M | -43.39 | -16.47% | ― | ― | 84.52% | |
45 Neutral | AU$36.97M | -0.14 | -92.53% | ― | ― | -1417.65% | |
45 Neutral | AU$39.06M | -33.33 | -28.53% | ― | ― | ― | |
44 Neutral | AU$43.20M | -21.25 | -10.33% | ― | 74.61% | 33.33% | |
41 Neutral | AU$28.87M | -25.46 | -107.26% | ― | ― | 71.99% |
* Basic Materials Sector Average
AU:ZNC
Zenith Minerals Limited
0.07
0.03
73.81%
AU:PNN
PepinNini Minerals Limited
0.12
0.05
79.69%
AU:NMT
Neometals Ltd
0.03
-0.05
-58.02%
AU:ADN
Andromeda Metals Limited
0.01
>-0.01
-9.09%
AU:PL9
Arizona Lithium Limited
0.01
0.00
0.00%
AU:KLI
Killi Resources Limited
0.24
0.20
571.43%
Zenith Minerals Limited Corporate Events
Zenith Secures Key Tenure to Consolidate Dulcie Gold Corridor
May 10, 2026
Zenith Minerals has completed the acquisition and registration of Mining Lease M77/599, securing a central 600-metre untested strike zone within its Consolidated Dulcie Gold Project in Western Australia. The lease sits between the Dulcie North and...
Zenith Minerals Launches Strategic Review as Dulcie Gold Scale Grows
May 7, 2026
Zenith Minerals has launched a formal strategic review to explore corporate, asset-level, funding, joint venture and development options across its gold and lithium portfolio, appointing Argonaut as financial adviser. The review is centred on the ...
Zenith Minerals Lifts Dulcie to 675koz as Deep Drilling Extends Red Mountain Gold
Apr 30, 2026
Zenith Minerals reported a transformational quarter as it delivered a maiden inferred mineral resource of 675,000 ounces of gold at its Consolidated Dulcie project, confirming a continuous six-kilometre mineralised corridor and shifting the asset ...
Zenith Minerals Deep Drilling Extends Red Mountain Gold System Beyond 700m
Apr 9, 2026
Zenith Minerals has reported new deep diamond drill results from its 100%-owned Red Mountain Gold Project in Queensland, confirming a large, vertically extensive intrusion-related gold system extending beyond 700 metres. Recent holes ZRMCD067 and ...
Zenith Minerals Grants Performance Rights to Director Jenkins
Mar 24, 2026
Zenith Minerals has updated the market on a change in director Euan Jenkins’ interests, confirming the issue of a series of performance rights following shareholder approval at a recent general meeting. Jenkins received five tranches of 1,00...
Zenith Minerals Grants Director New Performance Rights After Shareholder Approval
Mar 24, 2026
Zenith Minerals Limited has disclosed a change in director Andrew Smith’s interests following the issue of new performance rights. Smith has been granted a total of 10 million performance rights across five classes, in addition to his existi...
Zenith Minerals boosts director equity with new performance rights grant
Mar 24, 2026
Zenith Minerals Limited has disclosed a change in director Stanley Macdonald’s interests following the issuance of new performance rights. Macdonald, who already held a substantial shareholding both directly and indirectly, has been granted ...
Zenith Minerals Grants 24.1 Million Unquoted Performance Rights Under Incentive Scheme
Mar 24, 2026
Zenith Minerals Limited has notified the market of the issue of a substantial package of unquoted performance rights under its employee incentive scheme. The company will grant a total of 24.1 million Class A to E Performance Rights, all unquoted ...
Zenith Minerals Releases Interim Financial Report for Half-Year 2025
Mar 16, 2026
Zenith Minerals Limited has released its consolidated interim financial report for the half-year ended 31 December 2025, providing shareholders with an overview of its financial performance, position and cash flows. The report includes directors&#...
Zenith Minerals Issues Milestone Shares Following Gold Resource Upgrade
Mar 15, 2026
Zenith Minerals Limited has issued 6,888,634 ordinary shares to Highscore Pty Ltd and Richard Read and Associates Pty Ltd under existing subsurface rights and option agreements, triggered by upgraded gold mineral resources in the acquired tenement...
Zenith Minerals Shareholders Back Director Performance Rights at General Meeting
Mar 12, 2026
Zenith Minerals Limited reported the voting outcomes of its general meeting held on 12 March 2026, where shareholders considered several resolutions related to director incentives. Resolutions to issue performance rights to directors Andrew Smith,...
Zenith sets growth course in WA’s Forrestania gold belt
Mar 8, 2026
Zenith Minerals has released an investor presentation outlining its strategy to build critical mass in Western Australia’s Forrestania gold belt around an existing 675,000-ounce gold resource. The company highlights potential development pat...
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.