Beowulf Mining Plc (GB:BEM)
LSE:BEM
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Beowulf Mining
(LSE:BEM)
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Rating:46Neutral
Price Target:
8.00 p
▼(-23.81% Downside)
Action:Reiterated
Date:06/07/26
The score is held down primarily by weak financial performance: zero revenue, ongoing losses, and persistent negative free cash flow, despite low leverage. Technicals are supportive (price above major moving averages and positive MACD) but are tempered by an extremely overbought RSI, while valuation is constrained by negative earnings and no dividend yield data.
Positive Factors
Very low leverage
Extremely low debt reduces refinancing and solvency risk for a pre-revenue explorer. This structural balance-sheet strength preserves optionality to pursue permitting and technical studies without immediate pressure to service large borrowings, improving strategic flexibility.
Negative Factors
Pre-revenue business model
No operating revenue over multiple years means project value remains unrealized and the company lacks an earnings base. Structural dependence on future development outcomes makes long-term returns highly binary and reliant on successful permitting, financing, or asset sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low debt reduces refinancing and solvency risk for a pre-revenue explorer. This structural balance-sheet strength preserves optionality to pursue permitting and technical studies without immediate pressure to service large borrowings, improving strategic flexibility.
Read all positive factors
Beowulf Mining (BEM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£5.50M
Dividend YieldN/A
Average Volume (3M)16.99K
Price to Earnings (P/E)―
Beta (1Y)0.51
Revenue GrowthN/A
EPS Growth34.78%
CountryUK
Employees15
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.04
Shares Outstanding64,703,705
10 Day Avg. Volume10,193
30 Day Avg. Volume16,986
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.31
Price to Sales (P/S)0.00
P/FCF Ratio-4.14
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
Beowulf Mining Business Overview & Revenue Model
Company Description
Founded in 1988 and headquartered in London, UK, Beowulf Mining plc focuses on the acquisition, exploration, and assessment of natural resource properties across Sweden, Finland, and Kosovo. The company, previously known as Beowulf Gold PLC until ...
How the Company Makes Money
null...
Beowulf Mining Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -68.79K | -63.33K | -72.75K | -51.49K | -42.42K |
| EBITDA | -1.84M | -1.49M | -1.66M | -2.67M | -1.69M | -1.44M |
| Net Income | -1.90M | -1.75M | -1.77M | -2.86M | -1.95M | -1.35M |
Balance Sheet | ||||||
| Total Assets | 18.78M | 19.42M | 17.21M | 16.09M | 15.15M | 14.90M |
| Cash, Cash Equivalents and Short-Term Investments | 773.20K | 329.65K | 881.35K | 905.55K | 1.78M | 3.34M |
| Total Debt | 40.37K | 257.70K | 30.73K | 37.63K | 1.87M | 7.49K |
| Total Liabilities | 395.36K | 901.45K | 538.86K | 471.29K | 2.49M | 404.58K |
| Stockholders Equity | 18.39M | 18.52M | 16.67M | 15.11M | 12.09M | 14.17M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.39M | -1.25M | -4.51M | -3.11M | -2.17M |
| Operating Cash Flow | 0.00 | -1.39M | -1.25M | -2.17M | -1.54M | -1.35M |
| Investing Cash Flow | 0.00 | -1.48M | -2.12M | -2.25M | -1.50M | -773.16K |
| Financing Cash Flow | 0.00 | 2.27M | 3.47M | 3.64M | 1.55M | 1.40M |
Beowulf Mining Technical Analysis
Positive
10.50
Price Trends
5.82
Positive
6.97
Positive
8.76
Negative
Market Momentum
0.73
Negative
72.91
Negative
56.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BEM, the sentiment is Positive. The current price of 10.5 is above the 20-day moving average (MA) of 6.35, above the 50-day MA of 5.82, and above the 200-day MA of 8.76, indicating a neutral trend. The MACD of 0.73 indicates Negative momentum. The RSI at 72.91 is Negative, neither overbought nor oversold. The STOCH value of 56.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BEM.
Beowulf Mining 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% | |
52 Neutral | £4.35M | -1.18 | ― | ― | ― | ― | |
50 Neutral | £12.30M | -2.84 | -32.02% | ― | ― | -136.62% | |
46 Neutral | £5.50M | -2.90 | -10.21% | ― | ― | 34.78% | |
45 Neutral | £3.46M | -0.47 | -13.01% | ― | ― | -97.41% | |
43 Neutral | £5.67M | -0.69 | -66.28% | ― | ― | -400.00% | |
40 Underperform | £6.00M | -0.76 | ― | ― | -38.70% | 78.65% |
* Basic Materials Sector Average
GB:BEM
Beowulf Mining
8.50
-2.50
-22.73%
GB:IRON
Ironveld
0.02
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-56.25%
GB:ARCM
ARC Minerals
0.58
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-45.24%
GB:THR
Thor Mining
0.55
0.07
14.58%
GB:VAST
Vast Resources
0.12
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-68.42%
GB:PXC
Phoenix Copper
1.20
-3.35
-73.63%
Beowulf Mining Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Beowulf lines up £4m recapitalisation and majority stake for Bacchus Capital
Positive
Jun 5, 2026
Beowulf Mining has agreed non-binding terms for a strategic investment of at least £3 million, and up to £3.5 million, from Bacchus Capital Advisers and affiliates as part of a wider £4 million recapitalisation. The deal, priced at ...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Beowulf Mining Warns of Mid-June Funding Deadline as Q1 Loss Widens
Negative
May 29, 2026
Beowulf Mining reported unaudited first-quarter 2026 results showing continued technical and environmental work on its Kallak iron ore project in Sweden, including mining fleet optimisation with battery-electric, autonomous truck solutions, and th...
Regulatory Filings and Compliance
Beowulf Mining Confirms Updated Total Voting Rights and Share Capital
Neutral
Apr 30, 2026
Beowulf Mining plc has reported that its total issued share capital now comprises 64,703,707 ordinary shares of 5 pence each, with none held in treasury. This updated share count provides investors with the official denominator required to calcula...
Business Operations and Strategy
Beowulf’s Grafintec Marks Key Milestone at Finnish Graphite Projects
Positive
Apr 27, 2026
Beowulf Mining’s subsidiary Grafintec has completed a preliminary technical study for its Aitolampi graphite project in Eastern Finland and showcased its plans at the inaugural Power Coast Summit and well-attended public meetings in local mu...
Business Operations and Strategy
Beowulf Mining Consortium Advances NordicPipe After Exiting EIT Funding
Positive
Apr 27, 2026
Beowulf Mining’s subsidiary Jokkmokk Iron Mines and its partners will continue developing the NordicPipe slurry pipeline project but have decided to withdraw from the European Institute of Innovation and Technology funding programme. The con...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Beowulf Mining Warns It Needs Fresh Funding by End of May
Negative
Apr 24, 2026
Beowulf Mining plc is a European mineral exploration and development company listed on AIM and Spotlight, focused on advancing a portfolio of mining projects across the region. The group’s activities span early-stage exploration through to p...
Delistings and Listing ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
Beowulf Mining Sees Loan Notes Converted Into New Equity
Positive
Apr 23, 2026
Beowulf Mining said an investor has elected to convert £50,000 of unsecured convertible loan notes into 1,000,000 new ordinary shares, each with a nominal value of 5 pence. The move slightly dilutes existing shareholders but reduces the compa...
Business Operations and Strategy
Beowulf Hails Swedish Backing for Strategic Rail Link to Kallak Iron Ore Project
Positive
Apr 20, 2026
Beowulf Mining’s Swedish subsidiary Jokkmokk Iron Mines has welcomed the government’s decision to prioritise the Inlandsbanan rail corridor for investment, citing its role in national resilience, industrial logistics and defence. The m...
Business Operations and StrategyM&A TransactionsPrivate Placements and FinancingRegulatory Filings and Compliance
Beowulf Mining Flags Urgent Funding Needs as Vardar Sale and Grafintec Financing Advance
Negative
Mar 31, 2026
Beowulf Mining has warned that it must secure near-term financing to continue progressing its projects and to meet working-capital needs, with talks at an advanced stage but no certainty on timing or terms. The company reiterated its longer-term f...
Private Placements and FinancingRegulatory Filings and Compliance
Beowulf Mining Issues New Shares Following Loan Note Conversion
Neutral
Mar 25, 2026
Beowulf Mining has received a notice from an investor to convert £50,000 of unsecured convertible loan notes into 925,925 new ordinary shares, each with a nominal value of 5 pence. This conversion reduces the company’s outstanding loan ...
Business Operations and StrategyPrivate Placements and Financing
Beowulf Wins EIT Backing for Nordic Slurry Pipeline Initiative
Positive
Mar 18, 2026
Beowulf Mining’s Jokkmokk Iron-led consortium has secured a conditional €1.1 million grant from EIT RawMaterials toward the €2.4 million NordicPipe project, aimed at developing a long-distance slurry pipeline for transporting iro...
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.