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Beacon Minerals
(Sydney:BCN)
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Rating:78Outperform
Price Target:
AU$3.50
â–Ľ(-3.58% Downside)
Action:Upgraded
Date:09/06/26
The score is driven primarily by a strong FY2026 financial rebound with conservative leverage, supported by clear bullish technical trend strength. Valuation also contributes positively due to the low P/E and solid dividend yield. The main constraint is earnings and cash-flow volatility across years, including weaker cash conversion and a recent revenue decline.
Positive Factors
FY2026 Profitability Rebound
The sharp return to profitability and high FY2026 margins show that the operating base can generate substantial earnings when production and pricing conditions are supportive. This provides capacity to fund operations, sustain assets, and potentially support shareholder returns over the coming quarters.
Negative Factors
Earnings Volatility
Large year-to-year swings in profitability make future earnings power less predictable and complicate capital planning. The FY2025 loss demonstrates that strong FY2026 results have not yet established a stable earnings pattern, leaving the business exposed to recurring operating or commodity-cycle variability.
Read all positive and negative factors
Positive Factors
Negative Factors
FY2026 Profitability Rebound
The sharp return to profitability and high FY2026 margins show that the operating base can generate substantial earnings when production and pricing conditions are supportive. This provides capacity to fund operations, sustain assets, and potentially support shareholder returns over the coming quarters.
Read all positive factors
Beacon Minerals (BCN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$366.52M
Dividend Yield5.08%
Average Volume (3M)69.28K
Price to Earnings (P/E)7.3
Beta (1Y)1.55
Revenue Growth60.14%
EPS GrowthN/A
CountryAU
Employees46
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.40
Shares Outstanding116,355,550
10 Day Avg. Volume49,344
30 Day Avg. Volume69,282
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)3.28
Price to Sales (P/S)2.37
P/FCF Ratio11.62
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)0.11
Revenue Forecast (FY)AU$172.80M
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 when gold-bearing ore is mined and processed into gold product (e.g., dore/bullion), which is then sold at prevailing market prices. The company’s earnings a...
Beacon Minerals Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
80
Positive
Cash Flow
67
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 126.59M | 92.73M | 82.90M | 72.30M | 71.16M |
| Gross Profit | 48.53M | -10.38M | 33.67M | 10.60M | 25.39M |
| EBITDA | 64.06M | 12.70M | 27.97M | 31.78M | 39.64M |
| Net Income | 45.48M | -14.00M | 9.19M | 5.22M | 14.83M |
Balance Sheet | |||||
| Total Assets | 174.30M | 112.32M | 112.64M | 87.86M | 80.26M |
| Cash, Cash Equivalents and Short-Term Investments | 24.01M | 14.48M | 5.88M | 4.44M | 12.81M |
| Total Debt | 9.29M | 8.32M | 9.36M | 793.39K | 1.09M |
| Total Liabilities | 82.97M | 45.74M | 44.85M | 25.57M | 21.55M |
| Stockholders Equity | 91.33M | 66.59M | 67.79M | 62.29M | 58.71M |
Cash Flow | |||||
| Free Cash Flow | 25.80M | 2.84M | 6.64M | -5.18M | -1.54M |
| Operating Cash Flow | 37.06M | 12.17M | 36.07M | 21.33M | 33.29M |
| Investing Cash Flow | -43.72M | -9.50M | -29.83M | -28.49M | -34.85M |
| Financing Cash Flow | 2.16M | 5.92M | -4.81M | -1.20M | -7.75M |
Beacon Minerals Technical Analysis
Negative
3.63
Price Trends
3.19
Negative
2.81
Positive
3.01
Negative
Market Momentum
-0.06
Positive
39.59
Neutral
14.98
Positive
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 3.63 is above the 20-day moving average (MA) of 3.35, above the 50-day MA of 3.19, and above the 200-day MA of 3.01, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 39.59 is Neutral, neither overbought nor oversold. The STOCH value of 14.98 is Positive, 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$256.57M | 5.77 | 16.50% | 3.99% | 28.38% | 127.83% | |
78 Outperform | AU$366.52M | 7.35 | 51.83% | 5.08% | 60.14% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$681.47M | -11.38 | -25.63% | ― | 91.40% | ― | |
51 Neutral | AU$334.63M | -115.63 | -1.53% | ― | ― | 34.78% | |
44 Neutral | AU$433.91M | -16.86 | -25.87% | ― | ― | 50.24% | |
41 Neutral | AU$247.70M | -27.34 | -12.57% | ― | ― | 59.02% |
* Basic Materials Sector Average
AU:BCN
Beacon Minerals
2.95
0.67
29.27%
AU:TGM
Theta Gold Mines
0.19
-0.08
-28.85%
AU:TBR
Tribune Resources Limited
4.97
-1.33
-21.16%
AU:AAR
Astral Resources NL
0.18
-0.06
-25.00%
AU:ASL
Mitre Mining Corporation Limited
1.89
-0.19
-9.13%
AU:BTR
Brightstar Resources Limited
0.70
0.16
29.63%
Beacon Minerals Corporate Events
Beacon Minerals Files Updated ASX Corporate Governance Disclosures
Sep 29, 2026
Beacon Minerals has lodged its Appendix 4G and confirmed that its corporate governance statement for the year ended 30 June 2026 is available on its website and current as of 29 September 2026. The board-approved statement outlines how the company...
Beacon Minerals Secures Court Validation of Auditor Appointment
Sep 29, 2026
Beacon Minerals Limited has obtained court confirmation that the appointment of its current auditor, Stantons International Audit and Consulting, is valid despite procedural lapses at its November 2025 annual general meeting. The Supreme Court of ...
Beacon Minerals Seeks ASX Quotation for Additional Shares
Sep 16, 2026
Beacon Minerals Ltd. has lodged an application with the ASX for quotation of additional ordinary fully paid shares under its existing BCN code. The move involves a modest issuance of 3,281 new shares, reflecting the conversion or exercise of exist...
Beacon Minerals Lists Additional Shares Following Securities Conversion
Sep 10, 2026
Beacon Minerals Limited, an Australian-listed mining company, is engaged in the exploration and production of mineral resources, with its ordinary fully paid shares quoted on the ASX under the code BCN. The company participates in the broader reso...
Beacon Minerals swings to strong profit on higher gold prices and boosts shareholder returns
Aug 31, 2026
Beacon Minerals reported a sharp turnaround for the year to 30 June 2026, with profit before tax rising to $62.42 million from a prior loss and total comprehensive profit reaching $45.48 million. Higher ore milled, stronger gold sales revenue driv...
Beacon Minerals Completes Share Sale Facility for Forrestania Distribution
Aug 27, 2026
Beacon Minerals has completed the share sale facility set up for ineligible foreign shareholders and small eligible shareholders as part of its in‑specie dividend of Forrestania Resources Limited shares. The facility handled the sale of 654,...
Beacon Minerals Seeks ASX Quotation for Additional Ordinary Shares
Aug 20, 2026
Beacon Minerals Limited has applied for the quotation of 13,492 additional ordinary fully paid shares on the Australian Securities Exchange, with an issue date of August 20, 2026. The new securities arise from the exercise or conversion of existin...
Beacon Minerals triples Iguana ore reserves, lifting cash flow outlook
Aug 20, 2026
Beacon Minerals has reported a major upgrade to ore reserves at the Iguana deposit within its Lady Ida Project, now standing at 11.0 million tonnes at 1.20 grams per tonne gold for 430,200 ounces, a 325% increase in reserves. An updated mineral re...
Beacon Minerals Seeks Trading Halt Ahead of Iguana Resource Update
Aug 18, 2026
Beacon Minerals Limited has requested an immediate trading halt on its ASX-listed securities, as the company prepares to release an updated Mineral Resource Estimate and Pre-Feasibility Study for its Iguana Deposit. The halt will remain in place u...
Beacon Minerals Completes In‑Specie Distribution of Forrestania Shares
Aug 14, 2026
Beacon Minerals has completed the in‑specie distribution of 36,000,000 shares in Forrestania Resources Limited to eligible Beacon shareholders, in line with entitlements set at the designated record date. Holding statements for the newly iss...
Beacon Minerals Seeks ASX Quotation for Additional Shares
Aug 5, 2026
Beacon Minerals Limited has lodged an application with the ASX for the quotation of a small parcel of new ordinary fully paid shares. The filing covers the issuance of 156 BCN securities on August 5, 2026, reflecting routine capital management rat...
Beacon Minerals Updates Director Shareholdings After Estate Settlement
Jul 31, 2026
Beacon Minerals has disclosed changes in the shareholdings of director Graham McGarry, reflecting a reallocation of interests across several related entities. The adjustments involve both acquisitions and disposals of ordinary fully paid shares, p...
Beacon Minerals Seeks ASX Quotation for Additional Ordinary Shares
Jul 14, 2026
Beacon Minerals Limited has applied to the ASX for quotation of 395 ordinary fully paid shares, to be issued on July 14, 2026. The modest increase in quoted securities slightly expands the company’s listed capital base, signalling routine ca...
Beacon Minerals Adds 1.06 Million New Shares to ASX Quotation
Jul 13, 2026
Beacon Minerals has applied for the quotation of 1,064,410 additional ordinary fully paid shares on the ASX, effective July 13, 2026. The new securities arise from the exercise or conversion of existing options or other convertible instruments, mo...
Beacon Minerals Completes Major Drilling Program at Iguana Gold Deposit
Jun 30, 2026
Beacon Minerals has received and validated the final assay results from its 133,000-metre reverse circulation resource definition drilling program at the Iguana gold deposit. The campaign, the largest in the company’s history, returned multi...
Beacon Minerals Director Boosts Shareholding Through Option Exercise
Jun 30, 2026
Beacon Minerals director Geoffrey Greenhill has increased his direct and indirect equity stake in the company through the exercise of listed options into ordinary fully paid shares. Following the transaction, Greenhill and related parties now hold...
Beacon Minerals Seeks Quotation for Additional ASX Shares
Jun 30, 2026
Beacon Minerals Limited has applied for quotation on the ASX of 1,427,909 new ordinary fully paid shares. The securities are scheduled to be issued and quoted on June 30, 2026, modestly increasing the company’s listed share capital and poten...
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.