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Cosmo Metals Limited
(Sydney:CMO)
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Rating:46Neutral
Price Target:
AU$0.01
â–˛(0.00% Upside)
Action:Reiterated
Date:09/11/26
The score is primarily constrained by weak financial performance—no revenue, widening losses, and ongoing cash burn—partly mitigated by a low-debt balance sheet with a meaningful equity buffer. Technical and valuation inputs are largely unavailable or not meaningful (missing indicators; negative P/E), so they provide limited support.
Positive Factors
Low Leverage
A near-zero debt burden limits interest expense and reduces balance-sheet stress while the company remains pre-commercial. This gives management greater financial flexibility to pursue operations without the immediate refinancing pressure associated with substantial borrowing.
Negative Factors
No Commercial Revenue
The absence of revenue across five annual periods indicates that the business has not yet reached commercial scale. Without demonstrated sales, the company lacks operating proof points and remains dependent on future commercialization to establish a sustainable earnings base.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
A near-zero debt burden limits interest expense and reduces balance-sheet stress while the company remains pre-commercial. This gives management greater financial flexibility to pursue operations without the immediate refinancing pressure associated with substantial borrowing.
Read all positive factors
Cosmo Metals Limited (CMO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$3.16M
Dividend YieldN/A
Average Volume (3M)693.79K
Price to Earnings (P/E)―
Beta (1Y)1.99
Revenue GrowthN/A
EPS Growth44.59%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding789,052,060
10 Day Avg. Volume402,034
30 Day Avg. Volume693,790
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.27
Price to Sales (P/S)0.00
P/FCF Ratio-3.22
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)N/A
Revenue Forecast (FY)N/A
Cosmo Metals Limited Business Overview & Revenue Model
Company Description
Cosmo Metals Limited functions as an Australian mineral exploration enterprise, primarily engaged in the search for copper, nickel, cobalt, and platinum group elements. Its flagship endeavor is the Yamarna project, which incorporates the Mt Venn a...
Cosmo Metals Limited Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -8.93K | -19.94K | -20.81K | -19.66K | -2.96K |
| EBITDA | -716.00 | -1.20M | -818.21K | -1.45M | -666.97K | -1.10M |
| Net Income | -3.29K | -4.23M | -3.11M | -1.47M | -686.63K | -1.10M |
Balance Sheet | ||||||
| Total Assets | 13.48M | 11.04M | 12.09M | 10.80M | 9.26M | 9.20M |
| Cash, Cash Equivalents and Short-Term Investments | 1.00M | 466.28K | 730.53K | 1.28M | 612.45K | 3.06M |
| Total Debt | 0.00 | 0.00 | 13.58K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 645.79K | 199.10K | 587.56K | 682.41K | 347.33K | 121.86K |
| Stockholders Equity | 12.84M | 10.85M | 11.50M | 10.11M | 8.91M | 9.07M |
Cash Flow | ||||||
| Free Cash Flow | -2.16M | -897.80K | -2.40M | -1.56M | -3.06M | -1.64M |
| Operating Cash Flow | -821.03K | -886.97K | -792.89K | -579.78K | -601.86K | -585.59K |
| Investing Cash Flow | -2.05M | -2.58M | -1.64M | -979.18K | -2.41M | -1.05M |
| Financing Cash Flow | 3.24M | 3.20M | 1.88M | 2.23M | 564.47K | 4.69M |
Cosmo Metals 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% | |
54 Neutral | AU$9.20M | -12.27 | -4.85% | ― | -67.31% | 45.45% | |
46 Neutral | AU$3.16M | -0.30 | -0.03% | ― | ― | 44.59% | |
45 Neutral | AU$22.08M | -2.60 | -169.13% | ― | ― | 78.17% | |
43 Neutral | AU$3.90M | -0.33 | -27.10% | ― | ― | 58.67% | |
42 Neutral | AU$5.15M | -0.66 | -380.56% | ― | ― | -38.24% | |
39 Underperform | AU$4.20M | -0.44 | -555.60% | ― | ― | 57.14% |
* Basic Materials Sector Average
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Cosmo Metals Limited Corporate Events
Cosmo Metals Adds New England Orogen Copper Licence with High-Grade Surface Hit
Sep 11, 2026
Cosmo Metals has secured the Carters Road exploration licence in the southern New England Orogen, about 40 kilometres southeast of its Nundle Project in New South Wales. The tenement covers largely unexplored ground adjacent to the Peel–Mann...
Cosmo Metals Confirms Compliance as It Issues Tranche 1 Placement Shares
Sep 10, 2026
Cosmo Metals Limited has issued 94,925,028 fully paid ordinary shares as Tranche 1 of a previously announced placement, undertaken without a disclosure document under the relevant fundraising provisions of the Corporations Act. The company has con...
Cosmo Metals Seeks ASX Quotation for 94.9 Million New Shares
Sep 10, 2026
Cosmo Metals Limited has lodged an application with the ASX for the quotation of 94,925,028 ordinary fully paid shares. The securities, to be issued on September 10, 2026, form part of previously announced transactions and mark a significant step ...
Cosmo Metals Secures New Copper-Gold Exploration Licence in New England Orogen
Sep 10, 2026
Cosmo Metals has secured the Carters Road exploration licence in the southern New England Orogen of New South Wales, about 40 kilometres southeast of its Nundle Project. The new ground lies adjacent to the Peel–Manning Fault and hosts a Perm...
Cosmo Metals Lodges Updated ASX Corporate Governance Statement
Sep 9, 2026
Cosmo Metals Limited has filed its corporate governance statement for the year to 30 June 2026, detailing adherence to ASX Corporate Governance Council Principles. The ASX-listed company sets out board and management responsibilities, director app...
Cosmo Metals Outlines ASX Governance Compliance and Diversity Position
Sep 9, 2026
Cosmo Metals Limited has detailed its alignment with ASX corporate governance principles, confirming it has a board charter, formal appointment agreements for directors and executives, and a structure that makes the company secretary directly acco...
Cosmo Metals Releases 2026 Consolidated Annual Report
Sep 9, 2026
Cosmo Metals Limited has released its consolidated annual report for the year ended 30 June 2026, outlining the company’s financial performance, governance, and operational status. The report package includes the chairman’s letter, dir...
Cosmo Metals Plans Major Share and Option Issue to Boost Capital Base
Sep 1, 2026
Cosmo Metals Limited has lodged a notice with the ASX detailing a proposed issue of securities comprising 262,217,829 ordinary fully paid shares and a total of 151,108,915 unlisted options, each with an exercise price of $0.0053 and expiring three...
Cosmo Metals Plans Major Share and Option Issue to Bolster Capital Base
Sep 1, 2026
Cosmo Metals Limited has lodged an Appendix 3B with the ASX outlining a proposed capital raising through a placement or similar issue structure. The company plans to issue up to 94,925,028 new ordinary fully paid shares alongside 47,462,514 unlist...
Cosmo Metals Raises $1.25m to Launch Maiden Drilling at NSW Copper Prospect
Sep 1, 2026
Cosmo Metals has secured firm commitments for a $1.25 million two-tranche equity placement at $0.0035 per share to fund exploration at its Bingara copper and precious metals project in northern New South Wales. The raising, supported by cornerston...
Cosmo Metals Requests Trading Halt Ahead of Capital Raising Announcement
Sep 1, 2026
Cosmo Metals Limited has requested a trading halt on its securities from the Australian Securities Exchange, covering its ordinary shares and listed options. The halt will remain in place until either the start of normal trading on 3 September 202...
Cosmo Metals Announces Board Change as Exploration Portfolio Advances
Aug 28, 2026
Cosmo Metals Ltd, an ASX-listed gold and base metals explorer, is focused on underexplored projects in Western Australia and New South Wales, including Bingara and Nundle in northern NSW, the Kanowna Gold Project near Kalgoorlie and the Yamarna Pr...
Cosmo Metals Starts Soil Sampling at Antimony Gully to Refine Drill Targets
Aug 25, 2026
Cosmo Metals has launched a systematic soil sampling program at its Plunkett Cassidy antimony-gold prospect within the +8km Antimony Gully Trend in the Bingara Project, New South Wales. The work is focused on a corridor of historic antimony occur...
Cosmo Metals Cuts Director Performance Rights After Milestone Lapse
Aug 18, 2026
Cosmo Metals Limited has disclosed a change in director Ian Prentice’s indirect holdings in company securities, reflecting the structure of executive incentives via shares, options and performance rights. His interests are held through the I...
Cosmo Metals Performance Rights Lapse Trims Potential Dilution
Aug 18, 2026
Cosmo Metals Limited has notified the market of changes to its issued capital following the lapse of 2,500,000 performance rights. These securities, trading under the ASX code CMOAM, were conditional rights that have ceased because their vesting c...
Cosmo Metals Confirms Broad Gold Mineralisation at Kanowna’s Adder Prospect
Aug 13, 2026
Cosmo Metals has confirmed a broad mineralised zone at the Adder prospect within its Kanowna Gold Project, reporting gold intersections in diamond tail drilling of up to 31.1 metres at 0.33 grams per tonne. The results, located about 100 metres do...
Cosmo Metals Confirms Broad Gold Mineralisation at Kanowna Project
Aug 10, 2026
Cosmo Metals has reported diamond drilling results from the Kanowna Gold Project in Western Australia, confirming a broad mineralised zone at the Laguna Verde prospect. The EIS co-funded LVDD001 hole intersected 14m at 0.48g/t gold from 44m, inclu...
Cosmo Metals advances drilling at Kanowna and defines high-grade targets at Bingara
Jul 29, 2026
Cosmo Metals reported a busy June quarter marked by an expanded reverse circulation and diamond drilling program at its Kanowna Gold Project, where early RC assays at the Don Alvaro prospect returned shallow gold intercepts in proximity to Norther...
Cosmo Metals Clarifies Mineralisation Data in Updated Investor Presentation
Jul 22, 2026
Cosmo Metals Ltd has issued an update to its July 2026 investor presentation, clarifying that an Appendix 1 has been added at Slide 22. The appendix references visual estimates of mineralisation in outcrops and mine dumps that are discussed throug...
Cosmo Metals Sets Out High-Level Exploration Focus in Non-Offer Investor Briefing
Jul 21, 2026
Cosmo Metals Limited, traded on the ASX as CMO, is a mineral exploration company aiming to identify world-class orebodies in known mineral provinces. It uses investor presentations to outline its projects and proposed operations, positioning itsel...
Cosmo Metals Director Updates Equity Holdings After Option Expiry
Jun 22, 2026
Cosmo Metals has reported a change in the interests of director Peter John Bird, detailing the expiry and forfeiture of 66,667 unlisted options exercisable at $0.10 that were held indirectly through a family superannuation structure. Following the...
Cosmo Metals Options Lapse, Tightening Capital Structure
Jun 22, 2026
Cosmo Metals Limited has allowed two series of listed options, totaling 13,186,667 securities, to lapse unexercised upon their scheduled expiry on 21 June 2026. The cessation of these options marginally reduces the company’s potential future...
Cosmo Metals Reports Encouraging Initial Drilling Results at Kanowna Gold Project
Jun 17, 2026
Cosmo Metals has reported initial reverse circulation drilling results from its Kanowna Gold Project, with a peak intercept of 2m grading 3.72g/t gold within a broader 12m zone at 0.79g/t at the Don Alvaro prospect. The program comprised six RC ho...
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.