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Empire Resources Limited
(Sydney:ERL)
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Rating:41Neutral
Price Target:
$0.01
▲(150.00% Upside)
Action:Reiterated
Date:10/02/26
The score is primarily weighed down by weak financial performance—minimal revenue, persistent losses, and ongoing cash burn—despite some balance-sheet improvement to positive equity in 2026. Technical indicators are mostly neutral with a slightly negative bias, and valuation provides little support due to negative earnings and no indicated dividend yield.
Positive Factors
Positive equity in 2026
Returning to positive equity gives the company a more stable capital base than in 2025, while moderate leverage may preserve some funding flexibility. This improvement is constructive for financial resilience, although it must be sustained through future operating performance.
Negative Factors
Minimal operating revenue
Near-zero recent revenue indicates very limited operating scale and weak commercial traction. Without a meaningful revenue base, the company cannot readily absorb its cost structure, demonstrate operating leverage, or establish a durable pathway to recurring earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive equity in 2026
Returning to positive equity gives the company a more stable capital base than in 2025, while moderate leverage may preserve some funding flexibility. This improvement is constructive for financial resilience, although it must be sustained through future operating performance.
Read all positive factors
Empire Resources Limited (ERL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$18.78M
Dividend YieldN/A
Average Volume (3M)2.03M
Price to Earnings (P/E)―
Beta (1Y)1.09
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. Volume2,203,398
30 Day Avg. Volume2,028,993
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)4.55
Price to Sales (P/S)0.00
P/FCF Ratio-6.10
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...
Empire Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 6.30K | 20.00K | 207.47K |
| Gross Profit | 0.00 | 0.00 | 6.30K | 20.00K | 194.65K |
| EBITDA | -1.76M | -1.10M | -953.55K | -1.41M | -2.62M |
| Net Income | -1.94M | -1.11M | -985.41K | -1.42M | -2.65M |
Balance Sheet | |||||
| Total Assets | 4.06M | 511.49K | 803.95K | 1.04M | 2.04M |
| Cash, Cash Equivalents and Short-Term Investments | 3.58M | 466.88K | 773.24K | 1.02M | 1.86M |
| Total Debt | 1.25M | 616.55K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.86M | 1.01M | 189.97K | 136.68K | 181.63K |
| Stockholders Equity | 2.21M | -497.94K | 613.98K | 904.85K | 1.85M |
Cash Flow | |||||
| Free Cash Flow | -1.65M | -896.37K | -945.05K | -1.33M | -2.65M |
| Operating Cash Flow | -1.65M | -896.37K | -945.05K | -1.33M | -2.65M |
| Investing Cash Flow | -498.08K | 0.00 | 0.00 | 20.00K | 3.21M |
| Financing Cash Flow | 5.26M | 600.00K | 694.54K | 474.15K | -36.20K |
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% | |
52 Neutral | AU$28.02M | -4.94 | -63.46% | ― | ― | -0.23% | |
48 Neutral | AU$19.28M | 10.36 | 2.63% | ― | ― | ― | |
47 Neutral | AU$23.39M | 70.00 | 1.54% | ― | ― | ― | |
43 Neutral | AU$34.49M | -22.00 | -11.48% | ― | ― | 63.64% | |
43 Neutral | AU$31.21M | -9.06 | -18.09% | ― | ― | -5.38% | |
41 Neutral | AU$18.78M | -8.38 | -370.82% | ― | ― | -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
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BPM Minerals Ltd.
0.21
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76.67%
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Lode Resources Ltd
0.09
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Great Southern Mining Limited
0.02
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-26.67%
AU:BMR
Ballymore Resources Limited
0.13
-0.02
-12.59%
Empire Resources Limited Corporate Events
Empire Resources Sets Out 2026 Corporate Governance Framework Aligned with ASX Principles
Sep 29, 2026
Empire Resources Limited is an Australian-listed resources company, trading on the ASX as ERL and engaged in minerals exploration and development. It reports that its corporate governance framework is aligned with the ASX Corporate Governance Coun...
Empire Resources Releases 2026 Annual Report
Sep 29, 2026
Empire Resources Limited has released its 2026 annual report, outlining key corporate information and statutory disclosures for stakeholders. The report is structured to provide a comprehensive view of governance, operations, financial performance...
Empire Resources Sets 2026 AGM Date and Board Nomination Deadline
Sep 29, 2026
Empire Resources Limited, an ASX-listed resources company headquartered in Nedlands, Western Australia, is active in exploration and development within the mining sector. The company maintains a governance-focused approach with structured sharehol...
Empire Resources Advances Bradley Well Drilling Plans Near Nanadie Copper-Gold Project
Sep 17, 2026
Empire Resources has rebranded its Nanadie exploration ground on tenement E51/1938 as the Bradley Well Project, situated roughly 2km north of Solstice Minerals’ Nanadie copper-gold project in Western Australia. The tenement remains largely u...
Empire Resources Releases JORC Data on Yuinmery Rare Earth Find
Sep 17, 2026
Empire Resources Limited has released supplementary technical information following its recent announcement of rare earth mineralisation at the Yuinmery project in Western Australia. The company has provided a detailed JORC Table 1, outlining samp...
Empire Resources Flags Emerging Rare Earth Potential at Yuinmery
Sep 16, 2026
Empire Resources has identified emerging rare earth oxide mineralisation across the YT01, YT02 and YT19 prospects at its Yuinmery project, spanning more than 3.2km of strike. Archive drilling data and prior assays show encouraging total rare earth...
Empire Resources to Launch New Drilling at Penny’s Gold Project
Sep 16, 2026
Empire Resources Limited has outlined its latest exploration activities, reinforcing its focus on gold and copper projects in Western Australia. The company’s assets include the Yuinmery Copper-Gold Project northeast of Perth and the Penny&#...
Empire Resources denies undisclosed news behind share price spike
Sep 8, 2026
Empire Resources has responded to an ASX price query after its shares climbed from $0.007 to an intraday high of $0.0105 and trading volumes spiked on 8 September 2026. The company says it is not aware of any undisclosed information that would exp...
Empire Resources Director Michael Ruane Increases Shareholding
Sep 3, 2026
Empire Resources Ltd has disclosed a change in the shareholding of director Michael Ruane, reflecting both direct and indirect interests held through associated entities, in compliance with ASX listing rules. Following off-market and on-market pur...
Empire Resources Director Michael Ruane Lifts Shareholding Through On-Market Purchases
Aug 31, 2026
Empire Resources Ltd has reported a change in the shareholdings of director Michael Ruane, updating the market on his relevant interests in the company’s fully paid ordinary shares. The disclosure forms part of the company’s continuous...
Empire Resources Director Michael Ruane Increases Shareholding via On-Market Purchases
Aug 10, 2026
Empire Resources Limited has disclosed a change in director Michael Ruane’s interests, with his direct and indirect holdings in the company increasing through on‑market share purchases. Ruane acquired 1,500,000 fully paid ordinary shar...
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 ...
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.