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Cobre Limited
(Sydney:CBE)
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Rating:49Neutral
Price Target:
AU$0.32
▼(-15.00% Downside)
Action:Reiterated
Date:10/01/26
The score is held down primarily by weak financial performance (minimal/volatile revenue, widening losses, and ongoing cash burn), partially offset by a strong balance sheet with no meaningful debt. Technicals are moderately supportive with price above key moving averages and neutral-to-positive momentum, but valuation remains constrained by negative earnings and no dividend support.
Positive Factors
Debt-free balance sheet
A net-cash balance sheet with no meaningful debt gives Cobre greater financial flexibility than a leveraged explorer. It reduces interest and refinancing pressure, preserves options to fund exploration, and provides a stronger base for managing the extended timeline from discovery to development.
Negative Factors
Persistent unprofitable operations
The company has not established recurring sales capable of supporting its cost base, and FY2026 losses deteriorated sharply. Continued operating losses reduce financial self-sufficiency, make outcomes dependent on exploration success, and can weaken capital efficiency over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A net-cash balance sheet with no meaningful debt gives Cobre greater financial flexibility than a leveraged explorer. It reduces interest and refinancing pressure, preserves options to fund exploration, and provides a stronger base for managing the extended timeline from discovery to development.
Read all positive factors
Cobre Limited (CBE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$410.10M
Dividend YieldN/A
Average Volume (3M)5.26M
Price to Earnings (P/E)―
Beta (1Y)1.92
Revenue GrowthN/A
EPS Growth-400.00%
CountryAU
Employees12
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding1,301,894,800
10 Day Avg. Volume4,695,592
30 Day Avg. Volume5,258,217
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)2.11
Price to Sales (P/S)0.00
P/FCF Ratio-51.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.50Price Target Upside31.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$130.50M
Cobre Limited Business Overview & Revenue Model
Company Description
Cobre Limited is primarily involved in the identification and assessment of mineral resources, particularly seeking deposits of copper, gold, silver, and zinc. The company fully owns the Perrinvale project, an area spanning approximately 381 squar...
How the Company Makes Money
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Cobre Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
34
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 758.60K | 0.00 | ― |
| Gross Profit | -41.98K | -26.11K | 758.60K | -1.40K | -1.34K |
| EBITDA | -14.34M | -2.10M | -1.63M | -1.45M | -1.46M |
| Net Income | -15.57M | -2.12M | -2.39M | -1.74M | -5.39M |
Balance Sheet | |||||
| Total Assets | 104.28M | 42.70M | 31.51M | 31.50M | 18.68M |
| Cash, Cash Equivalents and Short-Term Investments | 19.76M | 4.59M | 980.63K | 5.76M | 2.73M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 1.88M |
| Total Liabilities | 8.60M | 6.80M | 928.24K | 726.59K | 2.28M |
| Stockholders Equity | 95.67M | 35.90M | 30.58M | 30.77M | 12.88M |
Cash Flow | |||||
| Free Cash Flow | -3.91M | -2.12M | -6.64M | -9.98M | -2.28M |
| Operating Cash Flow | -3.90M | -2.01M | -1.34M | -2.06M | -1.20M |
| Investing Cash Flow | -47.89M | -5.74M | -5.61M | -9.58M | -5.62M |
| Financing Cash Flow | 67.26M | 11.35M | 2.16M | 14.67M | 1.41M |
Cobre Limited Technical Analysis
Neutral
0.38
Price Trends
0.36
Negative
0.33
Negative
0.25
Positive
Market Momentum
>-0.01
Positive
40.26
Neutral
14.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CBE, the sentiment is Neutral. The current price of 0.38 is above the 20-day moving average (MA) of 0.36, above the 50-day MA of 0.36, and above the 200-day MA of 0.25, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.26 is Neutral, neither overbought nor oversold. The STOCH value of 14.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:CBE.
Cobre Limited 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% | |
49 Neutral | AU$410.10M | -12.35 | -22.64% | ― | ― | -400.00% | |
45 Neutral | AU$99.53M | -26.67 | -20.92% | ― | ― | -150.00% | |
45 Neutral | AU$211.19M | -21.99 | -6.54% | ― | -100.00% | -1.84% | |
45 Neutral | AU$43.03M | -2.00 | 337.06% | ― | ― | 50.00% | |
43 Neutral | AU$46.92M | -3.23 | -38.32% | ― | ― | -113.13% | |
42 Neutral | AU$282.08M | -4.76 | -38.44% | ― | ― | -85.29% |
* Basic Materials Sector Average
AU:CBE
Cobre Limited
0.32
0.24
293.75%
AU:SGQ
St. George Mining Ltd.
0.06
-0.08
-55.56%
AU:CUF
CuFe Limited
0.05
0.03
182.35%
AU:BML
Boab Metals Ltd
0.37
-0.13
-26.26%
AU:AW1
American West Metals Ltd.
0.04
-0.02
-30.00%
AU:COD
Coda Minerals Ltd
0.11
-0.02
-15.38%
Cobre Limited Corporate Events
Cobre Limited Options Lapse, Trimming Potential Future Dilution
Oct 7, 2026
Cobre Limited has reported a change in its capital structure following the expiry of a class of listed options, as disclosed in a new Appendix 3H filing to the ASX. The company confirmed that 1,621,538 CBEAR options, which carried an exercise pric...
Cobre Limited Seeks Quotation for Additional ASX Shares
Oct 7, 2026
Cobre Limited, listed on the Australian Securities Exchange under the code CBE, is a resources-sector company whose ordinary fully paid shares are quoted on the ASX. The business relies on public capital markets for funding and maintains its listi...
Cobre Secures A$90m to Expand Sierra Atacama and Bolster Copper Growth
Oct 2, 2026
Cobre Limited has completed a A$90m capital raise at A$0.30 per share, following shareholder approval, including a second tranche of about A$17.7m subscribed by major shareholders Tribeca Investment Partners and Strata Investment Holdings PLC alon...
Cobre Director Boosts Equity Stake After Shareholder Approval
Oct 2, 2026
Cobre Limited has disclosed a change in director Andrew Sissian’s interests, reporting an increase in his direct shareholding and performance rights following shareholder approvals at a recent extraordinary general meeting. Sissian acquired ...
Cobre Limited Seeks ASX Quotation for 59 Million New Shares
Oct 2, 2026
Cobre Limited has lodged an application with the ASX for quotation of 59,061,907 ordinary fully paid shares. The securities, issued on October 2, 2026, form part of transactions previously notified to the market.The move formalises the listing of ...
Cobre Issues 31 Million Unquoted Performance Rights Under Incentive Scheme
Oct 2, 2026
Cobre Limited has notified the market of the issuance of 31 million unquoted performance rights under its employee incentive scheme. These securities, which are not intended to be quoted on the ASX, were issued on October 2, 2026, as part of the c...
Cobre Confirms All EGM Placement Resolutions Passed After Proxy Update
Sep 28, 2026
Cobre Limited has released updated proxy figures from its 28 September 2026 extraordinary general meeting, correcting data previously supplied by share registry provider Automic but confirming that the revised numbers do not alter any voting outco...
Cobre Clears All Resolutions at Extraordinary Meeting, Greenlights Capital Raisings
Sep 28, 2026
Cobre Limited has reported the results of its 2026 Extraordinary General Meeting, where shareholders voted on a series of capital-raising and governance-related resolutions. The meeting focused on ratifying prior share issues, approving new share ...
Cobre Director Converts Options to Boost Equity Stake
Sep 22, 2026
Cobre Limited has reported a change in the indirect interests of director Michael Addison, following the exercise of previously held options into fully paid shares through his associated superannuation vehicle. The transaction increases Addison...
Cobre Director Increases Equity Stake Through Option Exercise
Sep 22, 2026
Cobre Limited has disclosed a change in director David (Michael) McNeilly’s securities holdings following the exercise of options into fully paid ordinary shares. McNeilly converted 192,308 options into shares at a cost of $18,846.18, increa...
Cobre Limited Seeks ASX Quotation for 6.7 Million New Shares
Sep 22, 2026
Cobre Limited has applied to the ASX for quotation of 6,744,755 new ordinary fully paid shares, with an issue date of 22 September 2026. The additional securities arise from the exercise or conversion of existing options or other convertible instr...
Cobre’s First Deep Hole at Sierra Atacama Hits High-Grade Copper
Sep 20, 2026
Cobre Limited has reported encouraging early results from its approximately 40,000m drilling campaign at the Sierra Atacama Copper Project in Chile, where its first deep diamond hole since 2021 intersected high-grade chalcopyrite-pyrite mineralisa...
Cobre sets October 2026 expiry for unlisted CBEAR options
Sep 17, 2026
Cobre Limited has notified holders of its unlisted CBEAR options that these securities, exercisable at AUD$0.098 each, are scheduled to expire at 5.00 p.m. (AEST) on Friday 2 October 2026. The company has outlined the exercise process, requiring o...
Cobre Sets 2026 AGM Date and Director Nomination Deadline
Sep 10, 2026
Cobre Limited has scheduled its Annual General Meeting for 11:00 a.m. AEDT on Tuesday, 24 November 2026, in line with ASX corporate governance and disclosure requirements. The company also set 23 September 2026 as the closing date for director nom...
Cobre Director Martin Holland Increases Indirect Shareholding Through Option Exercise
Sep 8, 2026
Cobre Limited has reported a change in director Martin Holland’s indirect interest, following the exercise of 38,462 unlisted options into fully paid shares. The transaction was undertaken through Holland International Pty Ltd , where Hollan...
Cobre Limited Seeks ASX Quotation for Additional Ordinary Shares
Sep 8, 2026
Cobre Limited has applied for quotation of 7,620,907 additional ordinary fully paid shares on the ASX, with an issue date of 8 September 2026. The new securities arise from the exercise of options or conversion of other instruments, modestly expan...
Cobre Secures Majority Stake in Chile’s Sierra Atacama Copper Project
Aug 31, 2026
Cobre Limited has moved to secure majority ownership in the Sierra Atacama Copper Project via its Chilean subsidiary, Sierra Cobre SpA, as part of a previously announced US$12 million capital raise. Upon exercise of a control option and conversion...
Cobre Limited Seeks ASX Quotation for 13 Million New Shares
Aug 21, 2026
Cobre Limited has applied for quotation on the ASX of 13,031,735 new ordinary fully paid shares, issued on 20 August 2026, under an Appendix 2A application. The additional stock results from the exercise or conversion of existing options or other ...
Cobre Limited Calls Extraordinary General Meeting for September 2026
Aug 18, 2026
Cobre Limited has called an Extraordinary General Meeting of shareholders to be held on 28 September 2026 at Baker McKenzie’s offices in Sydney. The meeting will take place at 11:00 a.m. AEST at Tower One, International Towers Sydney, in Bar...
Cobre Added to MSCI Global Micro Cap Index, Boosting Market Visibility
Aug 13, 2026
Cobre Limited has been added to the MSCI Global Micro Cap Index as part of the index’s latest rebalancing, with inclusion effective from 1 September 2026. The index currently comprises just over 450 Australian companies and represents about ...
Cobre Director Michael Addison Increases Stake via On‑Market Share Purchase
Aug 4, 2026
Cobre Limited has disclosed a change in director Michael Addison’s indirect interests, with his associated super fund increasing its holding by 377,377 shares through an on-market acquisition. The purchase, priced at $0.285 per share for a t...
Cobre Limited Seeks ASX Quotation for Additional Shares
Jul 31, 2026
Cobre Limited has lodged a new application with the ASX for the quotation of additional ordinary fully paid shares. The filing, made on July 31, 2026, covers a modest issuance of 90 CBE securities arising from the exercise or conversion of existin...
Cobre Limited Seeks ASX Quotation for Additional Ordinary Shares
Jul 31, 2026
Cobre Limited has applied to the ASX for quotation of an additional 141,672 ordinary fully paid shares, to be issued on July 31, 2026. The move reflects the company’s ongoing use of equity markets to support its capital requirements and broa...
Cobre Turns Cash-Flow Positive at Sierra Atacama and Accelerates Copper Growth Strategy
Jul 29, 2026
Cobre Limited reported a strong June quarter at its Sierra Atacama Copper Project in Chile, delivering positive operating cash flow of US$1.618 million and producing 879 tonnes of copper cathode, with leach recoveries reaching a record 76 percent....
Cobre Reaffirms Ngami Copper Exploration Target and ISCR Strategy
Jul 24, 2026
Cobre Limited has updated investors on the exploration target parameters for its Ngami Copper Project in Botswana, reiterating previously disclosed tonnage and grade ranges and confirming that no material changes have occurred since the August 202...
Cobre advances Botswana copper projects with Equinor and BHP collaborations
Jul 22, 2026
Cobre Limited has reported significant progress across its Botswana portfolio, highlighting work at the Ngami Copper Project and Okavango Copper Project in the Kalahari Copper Belt. The company has signed a collaboration agreement with Equinor to ...
Cobre Launches Quarterly Investor Conference Call for June 2026 Update
Jul 22, 2026
Cobre Limited will host its inaugural quarterly investor conference call on 29 July 2026, providing shareholders and investors with a detailed update on activities and achievements for the quarter ended 30 June 2026. The call, led by senior manage...
Cobre Advances Sierra Atacama Copper Growth Strategy
Jul 14, 2026
Cobre Limited has provided an update on its Sierra Atacama acquisition, highlighting the project as a producing copper asset with scope to boost output via operational optimisation. The company is positioning the mine as an immediate cashflow plat...
Cobre Director Martin Holland Lifts Indirect Stake With On-Market Share Purchase
Jul 13, 2026
Cobre Limited has disclosed a change in director Martin Holland’s indirect interest, after his related entity Holland International Pty Ltd purchased 376,117 shares on market. The acquisition, worth about $99,666 at an average price of $0.26...
Cobre Director David McNeilly Increases Shareholding Through On-Market Purchase
Jul 13, 2026
Cobre Limited has disclosed a change in director David Michael McNeilly’s holdings, reporting an on-market purchase of 75,000 additional shares on 13 July 2026. The transaction was executed at prices of $0.265 for 15,000 shares and $0.27 for...
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.