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Empire Resources Limited
(Sydney:ERL)
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Rating:41Neutral
Price Target:
$0.01
▲(150.00% Upside)
Action:Upgraded
Date:08/04/26
The score is primarily driven down by poor financial performance—near-zero revenue, ongoing losses, persistent cash burn, and negative equity with debt in 2025. Valuation is also a headwind due to the high P/E and no dividend support. Technicals have limited impact because key indicators were not provided.
Positive Factors
Lean cost base
A two-person headcount implies a structurally low fixed payroll burden, which helps preserve runway versus peers with larger staffs. Over 2-6 months this reduces required cash for operations and increases flexibility to allocate scarce capital to high-priority exploration or restructuring initiatives.
Negative Factors
Revenue collapse
Revenue has deteriorated sharply and reached effectively zero by 2025, removing operating scale and making fixed costs proportionally burdensome. Over months this undermines core business viability, limits reinvestment, and reduces optionality for turning operations profitable without material strategic change.
Read all positive and negative factors
Positive Factors
Negative Factors
Lean cost base
A two-person headcount implies a structurally low fixed payroll burden, which helps preserve runway versus peers with larger staffs. Over 2-6 months this reduces required cash for operations and increases flexibility to allocate scarce capital to high-priority exploration or restructuring initiatives.
Read all positive factors
Empire Resources Limited (ERL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$14.61M
Dividend YieldN/A
Average Volume (3M)1.89M
Price to Earnings (P/E)―
Beta (1Y)1.54
Revenue GrowthN/A
EPS Growth-50.00%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)<0.01
Shares Outstanding2,087,141,600
10 Day Avg. Volume1,503,779
30 Day Avg. Volume1,892,072
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)-14.90
Price to Sales (P/S)0.00
P/FCF Ratio-8.28
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
Empire Resources Limited Business Overview & Revenue Model
Company Description
Empire Resources Limited is an Australian firm primarily involved in the exploration and development of mineral deposits across the country. The company's main efforts are directed towards finding gold, copper, zinc, lead, and silver. It holds com...
How the Company Makes Money
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Empire Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 6.30K | 20.00K | 207.47K | 262.08K |
| Gross Profit | 0.00 | 0.00 | 6.30K | 20.00K | 194.65K | 239.92K |
| EBITDA | -1.29M | -1.10M | -953.55K | -1.41M | -2.62M | -941.62K |
| Net Income | -1.34M | -1.11M | -985.41K | -1.42M | -2.65M | -1.08M |
Balance Sheet | ||||||
| Total Assets | 403.96K | 511.49K | 803.95K | 1.04M | 2.04M | 5.15M |
| Cash, Cash Equivalents and Short-Term Investments | 337.08K | 466.88K | 773.24K | 1.02M | 1.86M | 4.71M |
| Total Debt | 1.05M | 616.55K | 0.00 | 0.00 | 0.00 | 1.60M |
| Total Liabilities | 1.56M | 1.01M | 189.97K | 136.68K | 181.63K | 2.10M |
| Stockholders Equity | -1.16M | -497.94K | 613.98K | 904.85K | 1.85M | 3.04M |
Cash Flow | ||||||
| Free Cash Flow | -1.13M | -896.37K | -945.05K | -1.33M | -2.65M | -1.97M |
| Operating Cash Flow | -1.13M | -896.37K | -945.05K | -1.33M | -2.65M | -1.97M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 20.00K | 3.21M | 1.46M |
| Financing Cash Flow | 910.29K | 600.00K | 694.54K | 474.15K | -36.20K | 1.24M |
Empire Resources 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% | |
50 Neutral | AU$23.34M | 3.77 | 34.97% | ― | ― | ― | |
46 Neutral | AU$35.99M | -6.00 | -26.87% | ― | ― | -100.00% | |
45 Neutral | AU$23.26M | -4.31 | -71.24% | ― | ― | 47.13% | |
45 Neutral | AU$30.40M | 65.00 | 2.76% | ― | ― | ― | |
42 Neutral | AU$32.46M | -9.70 | -17.92% | ― | ― | 14.47% | |
41 Neutral | AU$14.61M | -17.50 | 161.89% | ― | ― | -50.00% |
* Basic Materials Sector Average
AU:ERL
Empire Resources Limited
0.01
0.00
0.00%
AU:RIM
Rimfire Pacific Mining Limited
0.01
0.00
0.00%
AU:BPM
BPM Minerals Ltd.
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118.75%
AU:LDR
Lode Resources Ltd
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-23.33%
AU:GSN
Great Southern Mining Limited
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AU:BMR
Ballymore Resources Limited
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-15.03%
Empire Resources Limited Corporate Events
Empire Resources Posts Encouraging Yuinmery Drill Results and Ramps Up Exploration
Jul 31, 2026
Empire Resources reported strong progress at its Yuinmery Project for the June quarter, completing two reverse circulation drill programs totalling 60 holes and 6,959 metres, with preliminary composite assays returning encouraging copper, gold and...
Empire Resources Reports Encouraging Drilling Results at Yuinmery Copper-Gold Project
Jul 29, 2026
Empire Resources has reported preliminary assay results from its June 2026 reverse circulation drilling campaign at the Yuinmery Copper-Gold Project in Western Australia. The program comprised 23 holes for 2,558m, bringing total drilling at Yuinme...
Empire Resources Director Increases Shareholding via On-Market Purchase
Jul 15, 2026
Empire Resources Ltd has disclosed a change in director Michael Ruane’s interests in the company’s securities, following an on-market purchase of 1,000,000 fully paid ordinary shares. The transaction, conducted through entities associa...
Empire Resources Director Michael Ruane Increases Shareholding via On‑Market Purchase
Jul 7, 2026
Empire Resources Ltd has disclosed a change in director Michael Ruane’s relevant interests in securities, reporting an on‑market purchase of 2,000,000 fully paid ordinary shares on 6 July 2026 for $12,000.00. Following the transaction,...
Empire Resources Reports New Copper-Gold Discoveries at Yuinmery Project
Jul 2, 2026
Empire Resources Limited has reported preliminary assay results from the first of two reverse circulation drilling programs at its Yuinmery Copper-Gold Project in Western Australia, where it is advancing volcanogenic massive sulphide deposits and ...
Empire Resources director Michael Ruane increases shareholding via on-market purchase
Jun 26, 2026
Empire Resources Ltd has reported a change in director Michael Ruane’s holdings, with his interest in the company’s fully paid ordinary shares increasing through on-market purchases. The transaction, conducted between 22 and 24 June 20...
Empire launches second RC drilling campaign at Yuinmery copper-gold project
Jun 5, 2026
Empire Resources Limited has launched a second roughly 3,000-metre reverse circulation drilling campaign at its Yuinmery Copper-Gold Project in Western Australia, beginning 6 June 2026. The two-week program will target new gold prospects at Lady A...
Empire Resources Director Increases Shareholding Through On-Market Purchases
Jun 4, 2026
Empire Resources Ltd has disclosed a change in director Michael Ruane’s interests, reporting that he increased his direct and indirect holding in the company through on-market share purchases. Across trades conducted between 2 and 4 June 202...
Empire Resources Flags Extensive Native Copper in Yuinmery Drilling, Trading Halt Lifted
May 6, 2026
Empire Resources has completed a 37-hole, 4,401 metre reverse circulation drilling campaign at its Yuinmery Copper-Gold Project, targeting new gold prospects at Hillside, Smiths Well and Microbe Well, additional resource drilling at the Just Desse...
Empire Resources Requests Trading Halt Pending Amended Yuinmery Drilling Update
May 5, 2026
Empire Resources Limited has requested a trading halt on its securities on the ASX, effective from 5 May 2026, while it prepares an updated market announcement. The halt will remain in place until either the start of normal trading on 7 May 2026 o...
Empire Resources Hits Extensive Native Copper in Yuinmery Drilling Program
May 4, 2026
Empire Resources has completed a 37-hole, 4,401-metre reverse circulation drilling program at its Yuinmery Copper-Gold Project in Western Australia. The campaign targeted new gold prospects at Hillside, Smiths Well and Microbe Well, added resource...
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.