Golden Metal Resources Plc (GB:GMET)
LSE:GMET
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Golden Metal Resources Plc
(LSE:GMET)
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Rating:53Neutral
Price Target:
291.00 p
â–¼(-1.36% Downside)
Action:ReiteratedDate:04/03/26
The score is held back primarily by weak financial performance (minimal revenue, widening losses, and increasing cash burn), partially offset by a debt-free, equity-supported balance sheet. Technicals are comparatively strong with clear upward trend/momentum, but valuation remains unattractive/unclear due to ongoing losses and no dividend data.
Positive Factors
Debt-free balance sheet
A zero-debt balance sheet with equity growth to ~18.2m and ~20.0m assets provides durable financial flexibility for an explorer. Low leverage reduces bankruptcy and interest burden risk, allowing capital allocation to drilling and resource definition without immediate refinancing pressure.
Negative Factors
Minimal revenue, widening net losses
Persistent near-zero revenue and widening net losses indicate the company has not yet demonstrated economic viability from its projects. Over the medium term this pressures shareholder value, necessitates external funding for continued operations, and delays any path to sustained profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt balance sheet with equity growth to ~18.2m and ~20.0m assets provides durable financial flexibility for an explorer. Low leverage reduces bankruptcy and interest burden risk, allowing capital allocation to drilling and resource definition without immediate refinancing pressure.
Read all positive factors
Golden Metal Resources Plc (GMET) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£550.98M
Dividend YieldN/A
Average Volume (3M)545.60K
Price to Earnings (P/E)―
Beta (1Y)1.47
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees5
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding194,007,980
10 Day Avg. Volume396,807
30 Day Avg. Volume545,596
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)5.15
Price to Sales (P/S)0.00
P/FCF Ratio-10.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£298.30Price Target Upside1.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.04
Revenue Forecast (FY)N/A
Golden Metal Resources Plc Business Overview & Revenue Model
Company Description
Guardian Metal Resources Plc is a metal exploration company. The firm's primary goal is to make strategic metal discoveries across its broad project portfolio. Its projects include Golconda Summit Project, Garfield Project, Pilot Mountain Project,...
How the Company Makes Money
null...
Golden Metal Resources Plc Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 30.00K | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 30.00K | 0.00 |
| EBITDA | -6.65M | -2.72M | -1.38M | -848.00K | ― |
| Net Income | -6.62M | -2.71M | -1.38M | -848.00K | -749.81K |
Balance Sheet | |||||
| Total Assets | 37.64M | 19.95M | 12.55M | 9.45M | 6.13M |
| Cash, Cash Equivalents and Short-Term Investments | 10.56M | 1.87M | 3.03M | 1.37M | 40.00K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.90M | 1.78M | 826.00K | 414.00K | 123.51K |
| Stockholders Equity | 34.74M | 18.18M | 11.72M | 7.11M | 7.30M |
Cash Flow | |||||
| Free Cash Flow | -2.37M | -9.16M | -2.15M | -535.00K | -628.35K |
| Operating Cash Flow | -2.37M | -1.12M | -658.00K | -161.00K | -628.35K |
| Investing Cash Flow | -14.33M | -8.04M | -1.50M | -374.00K | 0.00 |
| Financing Cash Flow | 24.75M | 7.97M | 3.82M | 1.86M | 664.88K |
Golden Metal Resources Plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | £253.13M | 3.84 | 14.10% | 2.58% | 24.10% | 182.94% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | £84.07M | -22.80 | -13.02% | ― | ― | ― | |
53 Neutral | £550.98M | -16.62 | -25.01% | ― | ― | ― | |
44 Neutral | £247.75M | -74.29 | -24.90% | ― | ― | ― | |
41 Neutral | £94.45M | 7.11 | -7.12% | ― | 220.69% | -400.00% |
* Basic Materials Sector Average
GB:GMET
Golden Metal Resources Plc
284.00
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618.99%
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3.20
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-23.81%
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GB:FMET
Fulcrum Metals Plc
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GB:HEX
Helix Exploration Plc
43.00
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264.41%
Golden Metal Resources Plc Corporate Events
Regulatory Filings and Compliance
Guardian Metal Confirms Share Capital and Voting Rights Update
Neutral
Mar 31, 2026
Guardian Metal Resources has confirmed that as of 31 March 2026 it has 194,007,981 ordinary shares in issue, with none held in treasury, giving the company an equal number of total voting rights. The disclosure provides shareholders and market par...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Guardian Metal Raises $68.3m in U.S. IPO and Expands AIM Listing
Positive
Mar 24, 2026
Guardian Metal Resources has completed its U.S. initial public offering of 4,444,400 American Depositary Shares at $13.50 each, with underwriters exercising an over-allotment option for a further 611,553 ADSs, raising about $68.3 million in gross ...
Business Operations and StrategyDelistings and Listing Changes
Guardian Metal debuts on NYSE American to advance Nevada tungsten assets
Positive
Mar 20, 2026
Guardian Metal Resources, a Nevada-focused tungsten exploration company, has begun trading on the NYSE American under the ticker GMTL, adding to its existing London and OTC listings. The company’s leadership will mark the milestone by ringin...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Guardian Metal Prices Upsized $60m U.S. IPO and Plans AIM Admission of New Shares
Positive
Mar 20, 2026
Guardian Metal Resources has priced an upsized U.S. initial public offering of 4,444,400 American Depositary Shares at $13.50 each, raising about $60 million in gross proceeds. The ADSs, which represent 22,222,000 new ordinary shares, are expected...
Business Operations and StrategyPrivate Placements and Financing
Guardian Metal launches $50m US IPO roadshow to fund Nevada tungsten projects
Positive
Mar 16, 2026
Guardian Metal Resources has launched a US roadshow for an initial public offering of approximately $50 million in American Depositary Shares, with each ADS representing five ordinary shares. The ADSs are expected to list on the NYSE American unde...
Business Operations and StrategyRegulatory Filings and Compliance
Guardian Metal Confirms Voting Rights as It Builds Strategic Tungsten Profile
Positive
Feb 27, 2026
Guardian Metal Resources plc reported that as of 27 February 2026 it has 168,728,216 ordinary shares in issue, all carrying voting rights and none held in treasury. This share count establishes the official total voting rights in the company, prov...
Private Placements and FinancingRegulatory Filings and Compliance
Guardian Metal Files for U.S. IPO to List ADSs on NYSE American
Positive
Feb 27, 2026
Guardian Metal Resources has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of American Depositary Shares. The company plans to apply for a listing of its ADSs on the NYSE Ame...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Guardian Metal accelerates Nevada tungsten push on U.S. defense backing
Positive
Feb 12, 2026
Guardian Metal Resources reported interim results showing rapid operational progress at its Nevada tungsten assets, backed by a US$6.2 million award from the U.S. Department of War and a US$21 million equity raise. The company completed a new Tech...
Business Operations and StrategyRegulatory Filings and Compliance
Guardian Metal Confirms Share Capital and Voting Rights Ahead of U.S. Tungsten Push
Neutral
Jan 30, 2026
Guardian Metal Resources PLC has confirmed that, as of 30 January 2026, it has 168,728,216 ordinary shares of 1 pence each in issue, all carrying voting rights and none held in treasury, establishing the total number of voting rights in the compan...
Business Operations and Strategy
Guardian Metal Directors Lift Stakes as Nevada Tungsten Push Advances
Positive
Jan 13, 2026
Guardian Metal Resources plc reported that chief executive officer Oliver Friesen and executive chairman J.T. Starzecki have increased their holdings in the company through on-market share purchases, acquiring a combined 57,350 ordinary shares on ...
Business Operations and StrategyRegulatory Filings and Compliance
Guardian Metal Finance Director Increases Stake as Tungsten Projects Advance
Positive
Jan 9, 2026
Guardian Metal Resources plc announced that its finance director, Ben Hodges, has purchased 17,501 shares in the company on the market at 142.99p per share, a transaction worth about £25,024, taking his total beneficial holding to 155,158 sha...
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.