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East Star Resources
(LSE:EST)
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Rating:50Neutral
Price Target:
4.50 p
▲(125.00% Upside)
Action:Reiterated
Date:05/16/26
The score is held back primarily by weak financial performance: no revenue, ongoing losses, and sharply higher 2025 cash burn alongside renewed debt and declining equity. Technicals are comparatively supportive with the price above major moving averages and positive momentum indicators, but valuation is unfavorable/unclear due to negative earnings and no dividend yield provided.
Positive Factors
Positive Equity Buffer
Maintaining positive equity (2.44m) provides a durable capital buffer that supports continued operations and gives management time to execute strategic options (asset sales, fundraising, or restructuring). This reduces immediate insolvency risk versus a balance-sheet deficit.
Negative Factors
No Revenue
Absence of any reported revenue over multiple years is a fundamental weakness: it indicates lack of product-market traction or commercialisation. Over 2–6 months this constrains sustainable cash generation and makes the company dependent on external financing or asset disposals to persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive Equity Buffer
Maintaining positive equity (2.44m) provides a durable capital buffer that supports continued operations and gives management time to execute strategic options (asset sales, fundraising, or restructuring). This reduces immediate insolvency risk versus a balance-sheet deficit.
Read all positive factors
East Star Resources (EST) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£22.00M
Dividend YieldN/A
Average Volume (3M)5.97M
Price to Earnings (P/E)―
Beta (1Y)1.31
Revenue GrowthN/A
EPS Growth-21.43%
CountryUK
Employees13
SectorBasic Materials
Sector Strength58
IndustryShell Companies
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding550,012,940
10 Day Avg. Volume7,710,900
30 Day Avg. Volume5,971,667
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)5.66
Price to Sales (P/S)0.00
P/FCF Ratio-5.42
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
East Star Resources Business Overview & Revenue Model
Company Description
East Star Resources Plc specializes in the exploration and development of precious and industrial metals, such as gold, copper, and other base metals, across Kazakhstan. The company manages an extensive exploration initiative, encompassing five di...
East Star Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -9.00K | -31.00K | -10.00K | -9.00K | 0.00 |
| EBITDA | -752.00K | -1.07M | -514.00K | -3.10M | -394.94K |
| Net Income | -2.30M | -1.10M | -1.53M | -3.10M | -421.21K |
Balance Sheet | |||||
| Total Assets | 4.43M | 3.27M | 2.93M | 3.94M | 1.94M |
| Cash, Cash Equivalents and Short-Term Investments | 442.00K | 678.00K | 635.00K | 1.46M | 1.25M |
| Total Debt | 1.71M | 0.00 | 0.00 | 0.00 | 840.00K |
| Total Liabilities | 1.99M | 116.00K | 115.00K | 127.00K | 139.11K |
| Stockholders Equity | 2.44M | 3.15M | 2.81M | 3.81M | 1.80M |
Cash Flow | |||||
| Free Cash Flow | -2.55M | -576.00K | -1.39M | -1.57M | -436.80K |
| Operating Cash Flow | -2.53M | -543.00K | -501.00K | -117.00K | -436.77K |
| Investing Cash Flow | -834.00K | -611.00K | -890.00K | -1.44M | -511.08K |
| Financing Cash Flow | 3.14M | 1.14M | 525.00K | 2.98M | 2.20M |
East Star Resources 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% | |
50 Neutral | £22.00M | -7.84 | -58.34% | ― | ― | -21.43% | |
50 Neutral | £5.78M | -17.93 | ― | ― | ― | ― | |
48 Neutral | £438.00K | -0.53 | ― | ― | ― | ― | |
44 Neutral | £1.11M | -7.50 | ― | ― | ― | ― | |
41 Neutral | £25.00M | -8.98 | 264.01% | ― | ― | -56.18% |
* Basic Materials Sector Average
GB:EST
East Star Resources
4.00
2.80
233.33%
GB:BIH
Boston International Holdings
0.30
-0.15
-33.33%
GB:BAY
Bay Capital Plc
8.25
2.75
50.00%
GB:ALK
Alkemy Capital Investments Plc
224.50
56.00
33.23%
GB:MII
Milton Capital PLC
0.20
-0.25
-55.56%
East Star Resources Corporate Events
Business Operations and StrategyShareholder Meetings
East Star Shareholders Back Strategy as All AGM Resolutions Pass
Positive
Jun 15, 2026
East Star Resources, a Kazakhstan-focused gold and copper explorer and developer listed in London, is expanding its portfolio through multiple joint ventures and exploration targets. Its projects range from the Verkhuba polymetallic deposit and a ...
Business Operations and Strategy
East Star Resources to Host London Q&A as Kazakhstan Projects Advance
Positive
Jun 4, 2026
East Star Resources, a Kazakhstan-focused copper and gold explorer, is building a diversified portfolio anchored by the Verkhuba VMS copper project and multiple high-potential VMS, porphyry and gold targets. The company aims to leverage joint vent...
Business Operations and Strategy
East Star outlines promising low-sulfidation gold target at Snowy in Kazakhstan
Positive
May 22, 2026
East Star Resources has reported encouraging early exploration results from its Snowy gold project in Kazakhstan, where recent mapping and rock chip sampling have outlined quartz-pyrite veins at surface carrying gold grades up to 1.44 grams per to...
Business Operations and StrategyShareholder Meetings
East Star sets June AGM as Kazakhstan copper-gold ventures advance
Positive
May 21, 2026
East Star Resources has convened its Annual General Meeting for 15 June 2026 in London, with the notice and proxy materials now available on the company’s website for shareholders. The meeting offers investors a formal opportunity to engage ...
Business Operations and Strategy
East Star pins copper-gold hopes on new Piket porphyry target
Positive
May 20, 2026
East Star Resources has reported early exploration success at its Piket copper-gold project in Kazakhstan, where geological mapping, hyperspectral analysis and soil geochemistry have outlined a large lithocap-linked hydrothermal system. The work h...
Business Operations and Strategy
East Star Resources launches interactive investor hub to deepen shareholder engagement
Positive
May 15, 2026
East Star Resources, the Kazakhstan-focused gold and copper explorer listed in London, has launched an interactive Investor Hub designed as a central gateway to all its shareholder-facing content, from regulatory announcements and reports to prese...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Endeavour Mining Exploration Chief Joins East Star Board After Strategic Investment
Positive
May 13, 2026
East Star Resources has strengthened its board by appointing Sonia Scarselli, Executive Vice President of Exploration at FTSE 100 gold producer Endeavour Mining, as a director with immediate effect. Her appointment follows Endeavour’s £...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
East Star Secures Major JVs and Funding in Transformational Year
Positive
May 12, 2026
East Star Resources reported a transformational 2025, securing a US$65 million farm-in joint venture with Hong Kong Xinhai Mining Services to fund Verkhuba’s progression to production while retaining a 30% stake, and expanding its Rulikha VM...
Delistings and Listing ChangesFinancial DisclosuresRegulatory Filings and Compliance
East Star Resources Suspends Trading Briefly as FY25 Results Face Short Audit Delay
Negative
May 1, 2026
East Star Resources has delayed publication of its audited financial results for the year ended 31 December 2025 by about a week, after a randomly applied audit by the Kazakhstan Tax Department on a local subsidiary disrupted the final phase of it...
Private Placements and Financing
East Star Resources Expands Share Capital After Warrant Exercise
Positive
Apr 30, 2026
East Star Resources has strengthened its capital base following the exercise of 446,538 warrants at £0.03 each, raising gross proceeds of £13,396.14 and issuing an equivalent number of new ordinary shares. The new shares are expected to ...
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.