Golden Metal Resources Plc (GB:GMET)
LSE:GMET
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Golden Metal Resources Plc
(LSE:GMET)
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Rating:43Neutral
Price Target:
232.00 p
▼(-24.92% Downside)
Action:Reiterated
Date:05/12/26
The score is held down primarily by weak financial performance (minimal revenue, widening losses, and sharply worse free cash flow) and a bearish technical trend (price below key moving averages with negative MACD). A debt-free balance sheet with growing equity provides some support but does not offset the current cash burn and lack of profitability.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure with materially higher equity and a larger asset base reduces insolvency and interest-rate exposure, giving the company durable financial flexibility to fund exploration or pursue strategic options without being constrained by leverage covenants.
Negative Factors
Pre-revenue status
Near-zero revenue and expanding net losses mean the business lacks internally generated funding and operating proof points; over months this forces reliance on external financing, raising dilution and execution risk until a revenue or monetizable resource milestone is achieved.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure with materially higher equity and a larger asset base reduces insolvency and interest-rate exposure, giving the company durable financial flexibility to fund exploration or pursue strategic options without being constrained by leverage covenants.
Read all positive factors
Golden Metal Resources Plc (GMET) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£466.34M
Dividend YieldN/A
Average Volume (3M)545.60K
Price to Earnings (P/E)―
Beta (1Y)1.66
Revenue GrowthN/A
EPS Growth-157.72%
CountryUK
Employees5
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.04
Shares Outstanding194,307,980
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
£373.36Price Target Upside20.83% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
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
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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 | £257.79M | 3.84 | 14.10% | 2.58% | 70.88% | 218.79% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | £80.16M | -9.55 | -13.02% | ― | ― | 71.93% | |
44 Neutral | £252.65M | -37.04 | -24.90% | ― | ― | 22.39% | |
43 Neutral | £466.34M | -16.62 | -25.01% | ― | ― | -157.72% | |
41 Neutral | £79.69M | 7.11 | -7.12% | ― | 220.69% | -400.00% |
* Basic Materials Sector Average
GB:GMET
Golden Metal Resources Plc
240.00
200.10
501.50%
GB:EUA
Eurasia Mining
2.70
-0.85
-23.94%
GB:EEE
Empire Metals
33.35
22.90
219.14%
GB:SLP
Sylvania Platinum
99.60
43.95
78.98%
GB:FMET
Fulcrum Metals Plc
8.75
4.50
105.88%
GB:HEX
Helix Exploration Plc
41.00
21.90
114.66%
Golden Metal Resources Plc Corporate Events
Business Operations and StrategyExecutive/Board Changes
Guardian Metal appoints sustainability expert to board as it advances Nevada tungsten projects
Positive
May 21, 2026
Guardian Metal Resources, a dual-listed strategic exploration company, is centred on developing tungsten projects in Nevada to bolster U.S. defense metal independence. Its portfolio includes the large undeveloped Pilot Mountain deposit and the his...
Business Operations and Strategy
Guardian Metal expands Tempiute footprint as tungsten tailings study advances
Positive
May 13, 2026
Guardian Metal Resources has identified a large footprint of historical tungsten-enriched mine tailings at its Tempiute Tungsten Project in Nevada and is moving to assess their resource and remediation potential. Detailed mapping and sampling indi...
Business Operations and Strategy
Guardian Metal Advances Pilot Mountain Tungsten Study and Exploration in Nevada
Positive
May 6, 2026
Guardian Metal Resources reported strong progress on the pre-feasibility study for its 100%-owned Pilot Mountain tungsten project in Nevada, supported by a $6.2 million U.S. Defense Production Act investment. The study, led by Guardian Metal with ...
Regulatory Filings and Compliance
Guardian Metal Confirms Share Capital and Voting Rights Update
Neutral
Apr 30, 2026
Guardian Metal Resources has confirmed that as of 30 April 2026 it has 194,307,981 ordinary shares in issue, all carrying voting rights and with no shares held in treasury. This updated share capital figure sets the official denominator for invest...
Business Operations and StrategyPrivate Placements and Financing
Guardian Metal Raises £42,000 Through Option Exercise, Expands AIM Share Capital
Positive
Apr 8, 2026
Guardian Metal Resources, a U.S.-focused tungsten exploration company with key projects at Pilot Mountain and Tempiute in Nevada, is advancing assets in historic mining districts supported by previous U.S. Department of War funding and a recent U....
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...
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.