Beacon Minerals Limited (AU:BCN)
ASX:BCN
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Beacon Minerals
(Sydney:BCN)
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Rating:45Neutral
Price Target:
AU$2.50
â–¼(-16.11% Downside)
Action:Reiterated
Date:06/19/26
The score is primarily weighed down by weak financial performance (negative profitability and deteriorating free cash flow) and bearish technicals (negative MACD and trading below key moving averages). Valuation remains a headwind with a high P/E, with only limited support from the dividend yield.
Positive Factors
Revenue Growth
A clear recent rise in revenue indicates expanding production or successful sales execution. Sustained revenue growth over several quarters can provide the scale needed to absorb fixed costs, support reinvestment in operations and exploration, and improve long-term profitability if margins recover.
Negative Factors
Negative Profitability
Persistent negative margins show the company cannot currently convert sales into profits, pointing to structural cost, recovery or pricing issues. Over months this undermines capacity to self-fund projects, depresses retained earnings, and risks ongoing dilution or external financing needs.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A clear recent rise in revenue indicates expanding production or successful sales execution. Sustained revenue growth over several quarters can provide the scale needed to absorb fixed costs, support reinvestment in operations and exploration, and improve long-term profitability if margins recover.
Read all positive factors
Beacon Minerals (BCN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$283.93M
Dividend YieldN/A
Average Volume (3M)99.55K
Price to Earnings (P/E)35.0
Beta (1Y)1.27
Revenue Growth78.18%
EPS GrowthN/A
CountryAU
Employees46
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.07
Shares Outstanding113,120,630
10 Day Avg. Volume133,972
30 Day Avg. Volume99,552
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.71K
Price to Sales (P/S)1226.44
P/FCF Ratio40.03K
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)0.07
Revenue Forecast (FY)AU$141.80M
Beacon Minerals Business Overview & Revenue Model
Company Description
Established in 2006 and headquartered in Boulder, Australia, Beacon Minerals Limited, along with its associated entities, conducts mineral exploration, development, and production operations across Western Australia. The company maintains complete...
How the Company Makes Money
Beacon Minerals primarily makes money by producing and selling gold. Revenue is generated from the sale of gold (typically as doré) produced from mined ore that is processed through its operational and/or third-party processing arrangements, with ...
Beacon Minerals Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 134.39M | 92.73M | 82.90M | 72.30M | 71.16M | 73.73M |
| Gross Profit | 25.68M | -10.38M | 33.67M | 10.60M | 25.39M | 35.87M |
| EBITDA | 41.66M | 12.70M | 27.97M | 31.78M | 39.64M | 41.23M |
| Net Income | 8.09M | -14.00M | 9.19M | 5.22M | 14.83M | 20.28M |
Balance Sheet | ||||||
| Total Assets | 140.01M | 112.32M | 112.64M | 87.86M | 80.26M | 64.75M |
| Cash, Cash Equivalents and Short-Term Investments | 36.14M | 14.48M | 5.88M | 4.44M | 12.81M | 22.10M |
| Total Debt | 9.48M | 8.32M | 9.36M | 793.39K | 1.09M | 0.00 |
| Total Liabilities | 55.83M | 45.74M | 44.85M | 25.57M | 21.55M | 13.28M |
| Stockholders Equity | 84.17M | 66.59M | 67.79M | 62.29M | 58.71M | 51.47M |
Cash Flow | ||||||
| Free Cash Flow | 21.11M | 2.84M | 6.64M | -5.18M | -1.54M | 31.69M |
| Operating Cash Flow | 36.83M | 12.17M | 36.07M | 21.33M | 33.29M | 41.23M |
| Investing Cash Flow | -30.02M | -9.50M | -29.83M | -28.49M | -34.85M | -9.54M |
| Financing Cash Flow | -5.36M | 5.92M | -4.81M | -1.20M | -7.75M | -26.11M |
Beacon Minerals Technical Analysis
Negative
2.98
Price Trends
2.72
Negative
3.21
Negative
2.93
Negative
Market Momentum
-0.10
Negative
54.05
Neutral
84.03
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BCN, the sentiment is Negative. The current price of 2.98 is above the 20-day moving average (MA) of 2.29, above the 50-day MA of 2.72, and above the 200-day MA of 2.93, indicating a neutral trend. The MACD of -0.10 indicates Negative momentum. The RSI at 54.05 is Neutral, neither overbought nor oversold. The STOCH value of 84.03 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BCN.
Beacon Minerals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$278.08M | 6.29 | 16.50% | 3.30% | 22.05% | 256.19% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$248.70M | -112.08 | -8.87% | ― | ― | 99.23% | |
48 Neutral | AU$225.13M | -58.20 | -2.53% | ― | ― | 16.00% | |
45 Neutral | AU$283.93M | 35.00 | 10.73% | ― | 78.18% | ― | |
45 Neutral | AU$499.77M | -22.25 | -37.20% | ― | ― | -11.42% | |
42 Neutral | AU$356.83M | -3.23 | -33.09% | ― | 2076.67% | -0.61% |
* Basic Materials Sector Average
AU:BCN
Beacon Minerals
2.51
1.33
112.71%
AU:TGM
Theta Gold Mines
0.22
0.07
48.28%
AU:TBR
Tribune Resources Limited
5.30
0.62
13.15%
AU:AAR
Astral Resources NL
0.13
-0.05
-30.56%
AU:ASL
Mitre Mining Corporation Limited
2.35
1.31
124.88%
AU:BTR
Brightstar Resources Limited
0.33
-0.14
-30.85%
Beacon Minerals Corporate Events
Beacon Minerals Seeks ASX Quotation for Additional Ordinary Shares
Jun 19, 2026
Beacon Minerals has applied for quotation on the ASX of 202,663 additional ordinary fully paid shares, to be issued on June 19, 2026. The new securities arise from the exercise or conversion of existing options or other convertible instruments and...
Beacon Minerals Declares AUD 0.255 Dividend for FY2026
Jun 17, 2026
Beacon Minerals Limited has declared a dividend of AUD 0.255 per ordinary fully paid share, relating to the 12-month period ending 30 June 2026. The stock will trade ex-dividend on 13 July, with a record date of 14 July and payment scheduled for 2...
Beacon Minerals Director Updates Relevant Interest After Estate Transfer
Jun 16, 2026
Beacon Minerals has disclosed a change in director Graham McGarry’s interests in the company’s securities, following the acquisition of 3,755,798 fully paid ordinary shares. The additional shares were acquired through his role as execu...
Beacon Minerals Announces Cessation of 500,000 Listed Options
Jun 16, 2026
Beacon Minerals Limited has notified the market of the cessation of 500,000 listed options, with an exercise price of $3.51 and an expiry date of 30 November 2029. The options, quoted on the ASX under code BCNAE, ceased on 15 June 2026, slightly r...
Beacon Minerals Seeks Quotation for Additional Ordinary Shares on ASX
Jun 16, 2026
Beacon Minerals Limited has applied for the quotation of 375,580 new fully paid ordinary shares on the Australian Securities Exchange, with an issue date of 12 June 2026. The additional securities arise from the exercise or conversion of existing ...
Beacon Minerals Seeks Quotation for Additional Ordinary Shares on ASX
May 27, 2026
Beacon Minerals Limited has applied for quotation on the ASX of 1,033 new fully paid ordinary shares, to be issued on May 27, 2026. The small-scale issuance arises from the conversion or exercise of existing options or other convertible securities...
Beacon Minerals flags larger Iguana gold resource after high-grade drilling results
May 26, 2026
Beacon Minerals has completed its 2025–2026 resource definition drilling program at the Iguana gold deposit in Western Australia, returning multiple high-grade intercepts, including broad zones with very high gram-per-tonne readings. Managem...
Beacon Minerals Director Increases Shareholding Through Option Exercise
May 11, 2026
Beacon Minerals has reported a change in the holdings of director Graham McGarry following the exercise of listed options into ordinary fully paid shares. Through Lamerton Pty Ltd as trustee for Mac’s Super Fund, McGarry converted 347,480 li...
Beacon Minerals Seeks ASX Quotation for Additional Shares
May 11, 2026
Beacon Minerals has applied to the Australian Securities Exchange for quotation of 347,480 new fully paid ordinary shares, issued on May 8, 2026. The additional securities result from the exercise or conversion of existing options or other convert...
Beacon Minerals lifts throughput, builds cash as Lady Ida ramps up
Apr 30, 2026
Beacon Minerals reported March quarter gold production of 5,419 ounces at an all-in sustaining cost of A$4,484 per ounce, with mill throughput rising 7% and run‑of‑mine stockpiles reaching 566,000 tonnes. The company guided June quarte...
Beacon Minerals Director Increases Equity Stake Through Option Exercise
Apr 29, 2026
Beacon Minerals has reported a change in the interests of director Graham McGarry, following the exercise of listed options into ordinary fully paid shares. Through Lamerton Pty Ltd as trustee for Mac’s Super Fund, McGarry acquired 400,000 o...
Beacon Minerals Seeks ASX Quotation for Additional Ordinary Shares
Apr 29, 2026
Beacon Minerals Limited has applied for quotation on the ASX of 423,633 new ordinary fully paid shares, designated under the code BCN. The securities arise from the exercise or conversion of existing options or other convertible instruments, modes...
Beacon Minerals Director Increases Shareholding Through Option Exercise
Apr 21, 2026
Beacon Minerals has disclosed a change in the holdings of director Graham McGarry, detailing an adjustment to his direct and indirect interests in the company’s securities. The update reflects routine compliance with ASX listing rules requir...
Beacon Minerals Seeks ASX Quotation for 420,000 New Shares
Apr 21, 2026
Beacon Minerals Limited has applied to the ASX for quotation of 420,000 new ordinary fully paid shares, following the exercise or conversion of existing options or other convertible securities. The additional shares modestly increase the company&#...
Beacon Minerals boosts March quarter revenue with strong gold output and asset sales
Apr 15, 2026
Beacon Minerals reported March quarter production of 5,419 ounces of gold at its Jaurdi Gold Project, with 221,155 dry tonnes milled and a recovery rate of 86.5%. Gold sales totalled 3,600 ounces for receipts of $25.36 million at an average price ...
Beacon Minerals Lists Additional Shares Following Security Conversions
Apr 13, 2026
Beacon Minerals Limited has applied for quotation on the ASX of an additional 156 ordinary fully paid shares, issued on April 10, 2026, under its existing ticker BCN. The small issuance arises from the exercise or conversion of existing options or...
Beacon Minerals Sells Non-Core Mt Dimer Tenements to Streamline Portfolio
Apr 1, 2026
Beacon Minerals has completed the sale of its non-core Mt Dimer mining and exploration tenements in Western Australia to Forrestania Resources, receiving total consideration of A$200,000. The divested package includes the company’s 100% inte...
Beacon Minerals Completes MacPhersons Sale to Refocus on Lady Ida Gold Project
Mar 29, 2026
Beacon Minerals has completed the sale of its wholly owned subsidiary MacPhersons Reward Pty Ltd to Forrestania Resources, receiving $5 million in cash and 36 million Forrestania shares as consideration. The deal delivers immediate liquidity while...
Beacon Minerals Issues 250,000 New Unquoted Options
Mar 26, 2026
Beacon Minerals Limited has notified the market of the issuance of 250,000 unquoted options as part of its capital management activities. The options, exercisable at $4.19 and expiring on 24 March 2030, expand the company’s pool of unlisted ...
Beacon Minerals Plans Issue of 250,000 Unlisted Options
Mar 26, 2026
Beacon Minerals has notified the ASX of a proposed issue of 250,000 unlisted options as part of a placement or similar capital-raising structure. The options will have an exercise price of $4.19 and an expiry date of 24 March 2030, with the propos...
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.