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Beowulf Mining Plc (GB:BEM)
LSE:BEM
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Beowulf Mining (BEM) AI Stock Analysis

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GB:BEM

Beowulf Mining

(LSE:BEM)

Rating:29Underperform
Price Target:
Beowulf Mining's overall stock score reflects significant financial challenges, including a lack of revenue and ongoing losses, which heavily weigh on the score. The bearish technical analysis further dampens the outlook. However, recent capital raises and project advancements offer some potential for future improvement. The stock remains a high-risk investment until financial stability is achieved.

Beowulf Mining (BEM) vs. iShares MSCI United Kingdom ETF (EWC)

Beowulf Mining Business Overview & Revenue Model

Company DescriptionBeowulf Mining plc engages in the acquisition, exploration, and evaluation of natural resource assets in Sweden, Finland, and Kosovo. The company explores for iron ore, base precious metals, lead, zinc, gold, copper, silver, graphite, and other mineral properties. Its projects include the Kallak magnetite iron ore deposit consists of 500 hectares located in Norrbotten County, Northern Sweden; Atvidaberg exploration license that comprises 12,533 hectares, which cover an area of 225 square kilometers situated in the Bergslagen area, southern Sweden; and Pitkajarvi and Aitolampi graphite prospects covers an area of 407 hectares, which are located in Eastern Finland. The company also holds interest in Raapysjarvi exploration permit, which is a 716 hectare exploration area located in the municipality of Tuusniemi in Eastern Finland; Karhunmaki project, which is located in Lapua municipality within the Southern Ostrobothnia region in Western Finland that covers 889 hectares; Mitrovica project, which is located in northern Kosovo that covers an area of 27.1 square kilometers; Viti project that is located in south-eastern Kosovo; and Shala exploration license covering an area of 87.5 square kilometers. The company was formerly known as Beowulf Gold PLC and changed its name to Beowulf Mining plc in March 2005. Beowulf Mining plc was incorporated in 1988 and is headquartered in London, the United Kingdom.
How the Company Makes MoneyBeowulf Mining makes money primarily through the exploration, development, and potential extraction of mineral resources from its licensed properties. The company generates revenue by moving projects through various stages, from initial exploration to feasibility studies and, eventually, production. Key revenue streams include selling extracted minerals like iron ore and graphite to industrial clients and steel manufacturers. Additionally, Beowulf might partner with other mining companies or enter joint ventures to co-develop projects, further enhancing its revenue potential. The company's earnings are influenced by global commodity prices, exploration success, and strategic partnerships that may provide funding or technical expertise.

Beowulf Mining Financial Statement Overview

Summary
Beowulf Mining faces significant financial challenges, primarily due to the absence of revenue generation resulting in ongoing losses. The balance sheet shows strong equity and low leverage, providing some stability. However, the negative cash flow from operations suggests potential liquidity issues. The company needs to improve revenue streams and manage costs effectively to enhance financial performance.
Income Statement
10
Very Negative
The company has not reported any revenue over the past years, resulting in negative gross profits and net losses. The lack of revenue growth and negative profit margins indicate challenges in generating sales and managing costs efficiently.
Balance Sheet
45
Neutral
The company maintains a strong equity position relative to its total assets, evident in a high equity ratio. However, the lack of revenue and net losses impact return on equity. The low debt levels suggest low financial leverage, which is a positive aspect.
Cash Flow
20
Very Negative
The company has consistently reported negative free cash flow, indicating struggles with cash generation from operations. Operating cash flow is negative, and there is no positive free cash flow growth, raising concerns about cash sustainability.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue0.000.000.000.000.00
Gross Profit0.00-72.75K-51.49K-42.42K-41.38K
EBITDA-2.46M-1.67M-1.39M-1.05M
Net Income-2.86M-1.95M-1.35M-1.13M
Balance Sheet
Total Assets17.21M16.09M15.15M14.90M17.42M
Cash, Cash Equivalents and Short-Term Investments881.35K905.55K1.78M3.34M4.33M
Total Debt30.73K37.63K1.87M7.49K2.03K
Total Liabilities538.86K471.29K2.49M404.58K646.57K
Stockholders Equity16.67M15.11M12.09M14.17M16.38M
Cash Flow
Free Cash Flow-4.51M-3.11M-2.17M-1.59M
Operating Cash Flow-2.17M-1.54M-1.35M-881.33K
Investing Cash Flow-2.25M-1.50M-773.16K-645.55K
Financing Cash Flow3.64M1.55M1.40M4.66M

Beowulf Mining Technical Analysis

Technical Analysis Sentiment
Negative
Last Price10.50
Price Trends
50DMA
10.78
Negative
100DMA
12.85
Negative
200DMA
15.19
Negative
Market Momentum
MACD
-0.09
Negative
RSI
34.71
Neutral
STOCH
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BEM, the sentiment is Negative. The current price of 10.5 is above the 20-day moving average (MA) of 10.50, below the 50-day MA of 10.78, and below the 200-day MA of 15.19, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 34.71 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:BEM.

Beowulf Mining Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
€6.59B9.833.43%2.68%-3.25%-106.94%
48
Neutral
£3.87M-10.34%-93.51%12.50%
45
Neutral
£7.04M
36
Underperform
£4.77M-5.49%83.64%
29
Underperform
£6.26M-11.56%
£9.50M-15.28%
£4.42M-56.42%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:BEM
Beowulf Mining
10.50
-13.50
-56.25%
GB:IRON
Ironveld
0.04
-0.01
-20.00%
GB:THR
Thor Mining
0.48
-0.37
-43.53%
GB:IMC
IMC Exploration Group Plc
0.52
-0.43
-45.26%
GB:BMV
Bluebird Merchant Ventures
1.10
0.12
12.24%
GB:ATN
Aterian PLC
34.50
-26.50
-43.44%

Beowulf Mining Corporate Events

Business Operations and Strategy
Beowulf Mining Announces CEO Presentation and Q&A Session
Neutral
Apr 17, 2025

Beowulf Mining Plc announced that its CEO, Ed Bowie, will deliver a live presentation and Q&A session on April 28, 2025, via the Investor Meet Company platform. This event is open to all existing and potential shareholders, providing an opportunity to engage with the company’s leadership and gain insights into its operations and future plans.

Spark’s Take on GB:BEM Stock

According to Spark, TipRanks’ AI Analyst, GB:BEM is a Underperform.

Beowulf Mining is currently underperforming due to significant financial challenges, characterized by no revenue and ongoing losses. The bearish technical trend further dampens the outlook. However, positive corporate events, such as capital raises and project advancements, offer some potential for future improvement. Overall, the stock remains a high-risk investment until financial stability is achieved.

To see Spark’s full report on GB:BEM stock, click here.

Private Placements and FinancingBusiness Operations and Strategy
Beowulf Mining Launches Rights Issue to Raise SEK 38.2 Million
Positive
Apr 16, 2025

Beowulf Mining PLC has announced the commencement of the subscription period for its rights issue of up to 27,279,854 Swedish Depository Receipts (SDRs), aiming to raise approximately SEK 38.2 million. This capital raise, which also includes a UK issue, is part of Beowulf’s strategy to strengthen its financial position and support its operations. The rights issue is underpinned by underwriting commitments from Nordic investors, covering 40% of the issue, which reflects confidence in the company’s prospects. The successful completion of this capital raise could enhance Beowulf’s industry positioning and provide significant implications for its stakeholders.

Spark’s Take on GB:BEM Stock

According to Spark, TipRanks’ AI Analyst, GB:BEM is a Underperform.

Beowulf Mining is currently underperforming due to significant financial challenges, characterized by no revenue and ongoing losses. The bearish technical trend further dampens the outlook. However, positive corporate events, such as capital raises and project advancements, offer some potential for future improvement. Overall, the stock remains a high-risk investment until financial stability is achieved.

To see Spark’s full report on GB:BEM stock, click here.

Private Placements and FinancingBusiness Operations and Strategy
Beowulf Mining Publishes Prospectus for Rights Issue
Neutral
Apr 16, 2025

Beowulf Mining PLC has announced the publication of its Prospectus related to a rights issue of Swedish Depository Receipts, which has been approved by the Swedish Financial Supervisory Authority. This development is part of Beowulf’s strategy to raise capital and strengthen its financial position, potentially impacting its operations and market presence in the mining sector.

Spark’s Take on GB:BEM Stock

According to Spark, TipRanks’ AI Analyst, GB:BEM is a Underperform.

Beowulf Mining is currently underperforming due to significant financial challenges, characterized by no revenue and ongoing losses. The bearish technical trend further dampens the outlook. However, positive corporate events, such as capital raises and project advancements, offer some potential for future improvement. Overall, the stock remains a high-risk investment until financial stability is achieved.

To see Spark’s full report on GB:BEM stock, click here.

Private Placements and FinancingBusiness Operations and Strategy
Beowulf Mining Launches Retail Offer to Raise £738,000
Positive
Apr 16, 2025

Beowulf Mining PLC has announced a retail offer to raise up to £738,027 through the issuance of new ordinary shares, as part of a broader capital raise strategy. This initiative, which includes a preferential rights issue and a placing, aims to raise a total of approximately £4.6 million, enhancing the company’s financial position and providing existing retail investors with an opportunity to participate.

Spark’s Take on GB:BEM Stock

According to Spark, TipRanks’ AI Analyst, GB:BEM is a Underperform.

Beowulf Mining is currently underperforming due to significant financial challenges, characterized by no revenue and ongoing losses. The bearish technical trend further dampens the outlook. However, positive corporate events, such as capital raises and project advancements, offer some potential for future improvement. Overall, the stock remains a high-risk investment until financial stability is achieved.

To see Spark’s full report on GB:BEM stock, click here.

Private Placements and FinancingFinancial Disclosures
Beowulf Mining PLC Releases February 2025 Financial Position
Neutral
Apr 15, 2025

Beowulf Mining PLC released its financial position statement as of February 2025, highlighting a total equity of £17.21 million and total liabilities of £586,209. The company is preparing to publish a prospectus related to its ongoing capital raise and rights issue, which will include financial information less than 90 days old. This financial update is crucial for stakeholders to assess the company’s financial health and its ability to secure necessary financing for continued operations and potential growth.

Spark’s Take on GB:BEM Stock

According to Spark, TipRanks’ AI Analyst, GB:BEM is a Underperform.

Beowulf Mining is currently underperforming due to significant financial challenges, characterized by no revenue and ongoing losses. The bearish technical trend further dampens the outlook. However, positive corporate events, such as capital raises and project advancements, offer some potential for future improvement. Overall, the stock remains a high-risk investment until financial stability is achieved.

To see Spark’s full report on GB:BEM stock, click here.

Shareholder MeetingsBusiness Operations and Strategy
Beowulf Mining Successfully Passes Resolutions at General Meeting
Positive
Apr 8, 2025

Beowulf Mining announced the successful passing of all resolutions at its recent General Meeting, with a significant majority of votes in favor. This outcome enables the company to proceed with allotting shares and disapplying statutory pre-emption rights, potentially impacting its financial strategy and shareholder value.

Spark’s Take on GB:BEM Stock

According to Spark, TipRanks’ AI Analyst, GB:BEM is a Underperform.

Beowulf Mining faces significant financial challenges with no revenue and ongoing losses, impacting its overall stock score. While technical analysis suggests a bearish trend, recent corporate events provide a glimpse of potential growth through strategic project advancements. However, the negative valuation metrics further weigh down the score.

To see Spark’s full report on GB:BEM stock, click here.

Private Placements and FinancingBusiness Operations and Strategy
Beowulf Mining Announces Final Terms of Capital Raise to Advance Key Projects
Positive
Apr 4, 2025

Beowulf Mining PLC has announced the final terms of a capital raise, which includes a conditional placing, a rights issue, and a retail offer, aiming to raise up to approximately SEK 59.1 million (£4.6 million). The funds will be used to advance the Kallak Iron Ore Project and the Graphite Anode Materials Plant, with a focus on completing feasibility and environmental studies. This capital raise is expected to enhance Beowulf’s operational capabilities and attract strategic partners, thereby potentially increasing its influence in the mining industry.

Private Placements and FinancingBusiness Operations and Strategy
Beowulf Mining Announces Live Investor Q&A with CEO Ed Bowie
Neutral
Apr 2, 2025

Beowulf Mining PLC has announced that its CEO, Ed Bowie, will host a live interactive presentation and Q&A session on April 16, 2025, to update shareholders on the company’s recent activities and ongoing capital raise. This event aims to engage both existing and potential investors, providing a platform for direct communication and transparency regarding Beowulf’s operations and strategic initiatives.

Private Placements and FinancingBusiness Operations and Strategy
Beowulf Mining CEO Discusses Capital Raise and Project Updates
Neutral
Mar 31, 2025

Beowulf Mining PLC has released an interview with its CEO, Ed Bowie, discussing the company’s recent capital raise and providing updates on its key projects, including the Kallak Iron Ore Project in Sweden and the Graphite Anode Materials Plant in Finland. This announcement highlights Beowulf’s ongoing efforts to advance its projects and strengthen its position in the mineral exploration and development industry, potentially impacting its operations and stakeholders.

Business Operations and Strategy
Beowulf Mining Releases Updated Corporate Presentation
Neutral
Mar 27, 2025

Beowulf Mining PLC has released an updated corporate presentation, now accessible on their website. This update is part of the company’s ongoing efforts to provide stakeholders with current information about its operations and strategic direction, potentially impacting its market positioning and investor relations.

Private Placements and FinancingShareholder Meetings
Beowulf Mining Initiates Capital Raise to Advance Key Projects
Positive
Mar 21, 2025

Beowulf Mining has announced a conditional placing to raise approximately £1.0 million as part of a larger capital raise aimed at securing a minimum of £2.1 million. This funding will support the advancement of the Kallak Iron Ore Project in Sweden and the Graphite Anode Materials Plant in Finland, as well as general corporate purposes. The capital raise includes a Rights Issue and a UK Retail Offer, with a General Meeting scheduled for 8 April 2025 to seek shareholder approval for increasing the company’s share capital. The company has secured underwriting commitments and bridge loans to ensure sufficient financial resources for its projects.

Product-Related AnnouncementsBusiness Operations and Strategy
Beowulf Mining Unveils Promising Graphite Anode Plant Feasibility Study
Positive
Mar 10, 2025

Beowulf Mining PLC has announced the successful completion of a Pre-Feasibility Study for its Graphite Anode Materials Plant, demonstrating strong project economics with a post-tax NPV of €924 million and an IRR of 37% over 25 years for Phase 1. The project, located in Finland, is poised to become a significant supplier to the lithium-ion battery sector, with plans for expansion in Phase 2, which could further enhance its economic viability and production capacity, supported by government and EU funding initiatives.

Private Placements and FinancingBusiness Operations and StrategyFinancial Disclosures
Beowulf Mining Reports 2024 Progress Amid Financial Challenges
Neutral
Feb 28, 2025

Beowulf Mining PLC has reported significant progress in its 2024 operations, particularly at the Kallak Iron Ore Project in Sweden, where metallurgical test-work confirmed the production of high-grade iron ore concentrate. The company also advanced its Graphite Anode Materials Plant in Finland, with test-work indicating the potential for battery-grade material production. Financially, Beowulf reduced its consolidated loss compared to the previous year, but it faces challenges in securing additional financing to continue its project developments. The company’s strategic moves, including consolidating its interest in Vardar Minerals in Kosovo and engaging potential partners, highlight its efforts to strengthen its market position and reduce operational risks.

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.Date of analysis: Apr 22, 2025