AltynGold Plc (ALTN) AI Stock Analysis

• Market Cap: £418.19M
• Dividend Yield: N/A
• Average Volume (3M): 73.50K
• Price to Earnings (P/E): 12.0
• Beta (1Y): >-0.01
• Revenue Growth: 61.98%
• EPS Growth: 164.33%
• Country: UK
• Employees: 530
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.76
• Shares Outstanding: 27,332,933
• 10 Day Avg. Volume: 94,325
• 30 Day Avg. Volume: 73,505
• PEG Ratio: 0.02
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 0.68
• P/FCF Ratio: 8.69
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: 1,744.00p ▲(35.19% Upside)

The score is driven primarily by strong financial performance (rapid revenue growth, improved profitability, and better free cash flow). Technicals support the trend but show signs of near-term overextension (RSI/Stoch elevated), and valuation appears reasonable based on the provided P/E, with no dividend yield data to add support.

Positive Factors

Revenue Growth and Margins

Sustained near-50% revenue growth and materially higher gross and net margins indicate scalable operations and improved cost structure. Over 2–6 months this underpins durable cash generation, strengthens competitive positioning in high‑grade deposits, and supports reinvestment.

Cash Generation

Transition to positive free cash flow and operating cash conversion >1 shows the business is generating real cash, reducing reliance on external funding. Durable cash generation supports capex, exploration budgets, deleveraging, and operational resilience through commodity cycles.

Capital Efficiency

High ROE and a majority-equity financing mix signal efficient capital deployment and a solid capital base. This structural strength enhances long-term shareholder returns potential and provides flexibility to fund growth or absorb shocks without excessive dilution.

Negative Factors

Moderate and Rising Leverage

Moderate leverage with rising absolute debt raises refinancing and interest expense risks. Over several months, elevated debt can constrain strategic flexibility, limit ability to fund exploration or capex internally, and increase vulnerability to weaker cash flows.

Geographic Concentration Risk

Operations concentrated in Kazakhstan create ongoing exposure to country-specific regulatory, permitting, and infrastructure risks. These structural geopolitical dependencies could materially affect production continuity, costs, and timelines over the medium term.

Commodity Price Exposure

Revenue and margins remain structurally tied to gold price cycles; prolonged price weakness would directly compress cash flows and profitability. Even with operational gains, commodity dependence leaves earnings and investment capacity exposed to market-driven volatility.

AltynGold Plc Business Overview & Revenue Model

Company Description

AltynGold plc, together with its subsidiaries, engages in the exploration and development of gold doré properties that contain gold and silver mineral deposits in the Republic of Kazakhstan. Its flagship asset is the Sekisovskoye gold mine located in North East Kazakhstan. The company was formerly known as Altyn Plc and changed its name to AltynGold plc in December 2020. The company was founded in 1997 and is headquartered in London, the United Kingdom. AltynGold plc is a subsidiary of African Resources Limited.

How the Company Makes Money

AltynGold Plc generates revenue primarily through the sale of gold and gold-related products. The company's revenue model is based on the extraction of gold from its mining operations, which involves several key revenue streams: the sale of refined gold bullion and gold concentrates to various customers, including industrial buyers and jewelers. Additionally, AltynGold may enter into agreements with third-party refineries or trading companies to optimize the sale of its products. The company's earnings are also influenced by global gold prices, operational efficiency, and production levels. Strategic partnerships with local and international stakeholders enhance its market reach and operational capabilities, contributing further to its revenue generation.

AltynGold Plc Financial Statement Overview

Summary

Strong profitability and growth: revenue rose ~49.8% (2023 to 2024) with improved margins (gross ~50.8%, net ~27.4%) and solid EBIT/EBITDA margins. Cash generation improved with positive free cash flow ($7.5M) and operating cash flow exceeding net income (ratio 1.11). Balance sheet is healthy overall but leverage is moderate (debt-to-equity 0.73) and rising debt warrants monitoring.

Income Statement

AltynGold Plc has demonstrated strong revenue growth, with an increase from $64.4M in 2023 to $96.5M in 2024, indicating a 49.8% growth rate. The gross profit margin improved to approximately 50.8%, and the net profit margin rose to 27.4%, highlighting enhanced profitability. EBIT and EBITDA margins were solid at 43.9% and 47.1%, respectively. This indicates robust operational efficiency and profitability improvement.

Balance Sheet

The company's balance sheet shows a debt-to-equity ratio of 0.73, reflecting moderate leverage. Return on equity stands at 32.2%, indicating strong profitability relative to shareholder equity. The equity ratio is 52.5%, suggesting a healthy level of equity financing. However, the increase in total debt over the years needs monitoring.

Cash Flow

AltynGold Plc's cash flow analysis reveals a positive free cash flow of $7.5M, a significant improvement from negative values in previous years. The operating cash flow to net income ratio of 1.11 highlights efficient cash generation relative to net income. The company shows a strong recovery in cash flow performance, with increased free cash flow and better capital expenditure management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	126.99M	96.52M	64.43M	62.04M	50.29M	30.03M
Gross Profit	71.60M	49.07M	23.33M	29.28M	27.79M	12.45M
EBITDA	70.67M	45.42M	23.16M	21.10M	26.04M	10.72M
Net Income	38.98M	26.42M	11.34M	13.23M	18.32M	2.94M
Balance Sheet
Total Assets	184.92M	156.62M	145.49M	98.37M	95.12M	76.77M
Cash, Cash Equivalents and Short-Term Investments	14.96M	10.40M	5.50M	116.00K	3.59M	7.15M
Total Debt	48.97M	60.15M	58.49M	23.11M	27.31M	29.09M
Total Liabilities	75.69M	74.46M	74.81M	36.16M	39.92M	41.43M
Stockholders Equity	109.23M	82.16M	70.68M	62.21M	55.20M	35.34M
Cash Flow
Free Cash Flow	18.16M	7.52M	-26.29M	3.29M	1.29M	-4.31M
Operating Cash Flow	45.13M	29.37M	14.65M	12.23M	6.80M	4.25M
Investing Cash Flow	-27.10M	-21.50M	-40.94M	-9.19M	-6.33M	-9.66M
Financing Cash Flow	-8.72M	-2.86M	31.67M	-6.39M	-4.04M	10.64M

AltynGold Plc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1290.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ALTN, the sentiment is Positive. The current price of 1290 is below the 20-day moving average (MA) of 1547.50, above the 50-day MA of 1280.56, and above the 200-day MA of 807.20, indicating a neutral trend. The MACD of 95.59 indicates Positive momentum. The RSI at 53.60 is Neutral, neither overbought nor oversold. The STOCH value of 48.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ALTN.

AltynGold Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SRB	86 Outperform	£248.03M	7.25	35.69%	―	44.89%	120.82%
ALTN	78 Outperform	£418.19M	11.99	50.11%	―	61.98%	164.33%
MTL	70 Outperform	£452.84M	-14.57	-7.90%	―	26.71%	-119.70%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
AAZ	56 Neutral	£345.31M	-50.67	-11.68%	―	129.53%	70.68%
AAU	54 Neutral	£46.43M	14.79	5.54%	―	―	―
KEFI	50 Neutral	£156.82M	-48.67	-9.19%	―	―	―

AltynGold Plc Corporate Events

AltynGold Delivers Record 2025 Revenue as Output Beats Targets and Expansion Plans Advance

AltynGold reported a strong finish to 2025, with full-year gold production rising to 53,852 ounces, above its 50,000-ounce target, driven by a 63% increase in ore milled after processing upgrades at Sekisovskoye. Revenue nearly doubled year-on-year to a record US$175.25 million on higher volumes and a sharply higher realised gold price, reinforcing the company’s balance sheet and supporting its push toward mid-tier status. Operationally, the miner expanded tailings storage to support production through at least 2027 and plans further dam work to extend capacity to 2029, while a review is underway on a potential doubling of processing capacity to 2–2.5Mtpa within about two years. For 2026, AltynGold is guiding to stable monthly throughput and gold production of 52,000–55,000 ounces, and it is working to secure a full mining licence for Teren-Sai, a step that could unlock an additional growth leg and strengthen its long-term resource base in Kazakhstan.

The most recent analyst rating on (GB:ALTN) stock is a Buy with a £1864.00 price target. To see the full list of analyst forecasts on AltynGold Plc stock, see the GB:ALTN Stock Forecast page.