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FireFly Metals
(Sydney:FFM)
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Rating:47Neutral
Price Target:
AU$1.50
▼(-21.05% Downside)
Action:Reiterated
Date:09/19/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses and cash burn) and soft technical momentum (negative MACD and below longer-term moving averages). Valuation is also constrained by a negative P/E and no dividend support.
Positive Factors
Very low leverage
Minimal leverage reduces solvency pressure and interest-related constraints, giving FireFly greater flexibility to fund exploration and evaluate projects. A low-debt structure can also improve resilience if development timelines extend before the company establishes operating revenue.
Negative Factors
No demonstrated revenue
A complete absence of reported revenue means FireFly has not yet demonstrated a commercial operating engine or recurring cash inflows. Until projects advance into development or transactions, the business remains dependent on capital to support exploration and corporate activities.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Minimal leverage reduces solvency pressure and interest-related constraints, giving FireFly greater flexibility to fund exploration and evaluate projects. A low-debt structure can also improve resilience if development timelines extend before the company establishes operating revenue.
Read all positive factors
FireFly Metals (FFM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.35B
Dividend Yield2.93%
Average Volume (3M)4.14M
Price to Earnings (P/E)―
Beta (1Y)2.34
Revenue GrowthN/A
EPS Growth-48.56%
CountryAU
Employees12
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding872,670,700
10 Day Avg. Volume3,389,046
30 Day Avg. Volume4,144,036
Financial Highlights & Ratios
PEG Ratio-0.95
Price to Book (P/B)3.00
Price to Sales (P/S)0.00
P/FCF Ratio-113.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.56Price Target Upside34.59% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)-0.02
Revenue Forecast (FY)N/A
FireFly Metals Business Overview & Revenue Model
Company Description
Established in 2004 and based in West Perth, Australia, FireFly Metals Ltd focuses on the exploration and discovery of mineral deposits across Canada and Australia. The company primarily targets gold and copper resources in its ventures. Its key a...
FireFly Metals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -2.81M | -4.16M | -3.02M | -554.20K | -99.31K |
| EBITDA | -23.78M | -15.64M | -20.62M | -2.92M | -3.06M |
| Net Income | -23.62M | -11.36M | -22.45M | -3.48M | -3.16M |
Balance Sheet | |||||
| Total Assets | 451.42M | 368.12M | 249.01M | 85.90M | 83.69M |
| Cash, Cash Equivalents and Short-Term Investments | 193.36M | 106.75M | 40.68M | 6.02M | 13.59M |
| Total Debt | 1.59M | 1.44M | 2.00M | 1.84M | 71.26K |
| Total Liabilities | 26.24M | 24.50M | 43.28M | 4.37M | 9.55M |
| Stockholders Equity | 425.17M | 321.38M | 184.09M | 59.59M | 56.63M |
Cash Flow | |||||
| Free Cash Flow | -11.18M | -70.75M | -72.32M | -16.13M | -26.69M |
| Operating Cash Flow | -8.33M | -7.06M | -13.65M | 1.18M | -6.32M |
| Investing Cash Flow | -80.19M | -63.69M | -61.48M | -17.59M | -21.95M |
| Financing Cash Flow | 175.63M | 133.26M | 107.39M | 8.87M | 19.69M |
FireFly Metals Technical Analysis
Negative
1.90
Price Trends
1.79
Negative
1.83
Negative
1.86
Negative
Market Momentum
-0.05
Positive
38.59
Neutral
22.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FFM, the sentiment is Negative. The current price of 1.9 is above the 20-day moving average (MA) of 1.68, above the 50-day MA of 1.79, and above the 200-day MA of 1.86, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 38.59 is Neutral, neither overbought nor oversold. The STOCH value of 22.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FFM.
FireFly Metals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | AU$1.80B | 11.10 | 26.61% | 1.21% | 26.09% | 12.00% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$971.79M | -16.85 | -5.34% | ― | ― | -13.41% | |
47 Neutral | AU$1.35B | -50.00 | -5.15% | 2.93% | ― | -48.56% | |
44 Neutral | AU$744.46M | -23.47 | -8.08% | 2.98% | ― | 10.09% | |
42 Neutral | AU$844.02M | -7.61 | -67.95% | ― | ― | -57.92% | |
42 Neutral | AU$655.77M | -2.69 | -7.06% | ― | -33.21% | -21.79% |
* Basic Materials Sector Average
AU:FFM
FireFly Metals
1.55
0.26
20.34%
AU:ARU
Arafura Resources
0.16
-0.19
-54.93%
AU:CXO
Core Lithium Ltd
0.23
0.13
119.05%
AU:MLX
Metals X Limited
2.03
1.14
128.09%
AU:IPX
Iperionx Limited
2.33
-5.65
-70.80%
AU:VUL
Vulcan Energy Resources Ltd.
1.37
-3.95
-74.25%
FireFly Metals Corporate Events
State Street Group Ceases Substantial Holding in FireFly Metals
Oct 12, 2026
State Street Corporation and several of its asset management subsidiaries have lodged a notice that they have ceased to be a substantial holder in FireFly Metals Ltd. The filing, made under section 671B of the Corporations Act, records changes in ...
FireFly Metals director boosts stake via Share Purchase Plan
Sep 30, 2026
FireFly Metals director Stephen Parsons has increased his indirect holding in the company through Symorgh Investments Pty Ltd, acquiring 16,853 fully paid ordinary shares under a Share Purchase Plan at $1.78 per share for a total consideration of ...
FireFly Metals Seeks ASX Quotation for Nearly 2.8m New Shares
Sep 29, 2026
FireFly Metals Ltd has applied for quotation of 2,794,621 new ordinary fully paid shares on the ASX, with an issue date of September 30, 2026. The securities are being listed as part of previously announced transactions, modestly increasing the co...
FireFly Metals bolsters funding with SPP and A$180m equity raise to advance Green Bay project
Sep 29, 2026
FireFly Metals has closed its Share Purchase Plan, raising about A$4.98 million from 333 eligible shareholders at an issue price of A$1.78 per share. The plan ran alongside a broader equity raising of approximately A$180 million through an institu...
FireFly Metals files NI 43‑101 report confirming Green Bay project economics
Sep 23, 2026
FireFly Metals has lodged an independent NI 43‑101 Technical Report covering the Preliminary Economic Assessment and mineral resource estimate for its Green Bay Copper‑Gold Project in Canada. The report includes only immaterial changes...
State Street Group Drops Below Substantial Holder Threshold in FireFly Metals
Sep 22, 2026
State Street Corporation and several of its global asset management and trust subsidiaries have lodged a formal notice that they have ceased to be substantial holders in FireFly Metals as of 18 September 2026. The filing, made under section 671B o...
FireFly Metals Sets Closing Date for Retail Share Purchase Plan
Sep 20, 2026
FireFly Metals has reminded eligible shareholders in Australia and New Zealand that its Share Purchase Plan is set to close at 5:00pm AWST on 23 September 2026, offering up to A$30,000 of new shares per investor at A$1.78 each. The offer price mat...
FireFly Metals Details FY26 Performance and Governance in Annual Report
Sep 17, 2026
FireFly Metals Ltd is an Australia-based metals company listed on the ASX, TSX and OTC markets under the ticker FFM. The company operates from offices in Perth and Toronto, with a leadership team spanning executive management, corporate developmen...
FireFly Metals Reports Lapse of 12,615 Performance Rights
Sep 9, 2026
FireFly Metals has reported the lapse of 12,615 performance rights, identified under the ASX code FFMAH, after the relevant conditions for conversion into securities were not met or became incapable of being satisfied. The cessation of these right...
State Street Group Ceases to Be Substantial Holder in FireFly Metals
Sep 8, 2026
State Street Corporation and several global asset management subsidiaries have lodged a Form 605 notice confirming they have ceased to be substantial holders in FireFly Metals. The filing, made under section 671B of the Corporations Act, indicates...
FireFly Metals Confirms Compliance Following A$1.78 Institutional Share Placement
Sep 2, 2026
FireFly Metals Ltd has completed an institutional placement, issuing 84,269,663 fully paid ordinary shares at A$1.78 each to investors. The new capital raise underscores the company’s efforts to strengthen its financial position and support ...
FireFly Metals Seeks ASX Quotation for 84 Million New Shares
Sep 2, 2026
FireFly Metals Ltd has applied for ASX quotation of 84,269,663 ordinary fully paid shares, with an issue date of 1 September 2026. The move formalises the admission of these securities to trading on the exchange, expanding the company’s list...
Citi Group Entities Cease Substantial Holding in Firefly Metals
Sep 1, 2026
Citigroup Global Markets Australia and related Citi entities have notified Firefly Metals that they have ceased to be substantial holders in Firefly Metals as of 28 August 2026. The change stems from a series of adjustments in relevant interests a...
FireFly Metals Secures A$190m to Advance Green Bay Copper-Gold Project
Aug 26, 2026
FireFly Metals has completed commitments for an equity raising of about A$180 million through an Australian institutional placement and a Canadian bought deal, with shares priced at A$1.78. The capital structure is supplemented by a planned share ...
FireFly Metals Plans Major Share Placement on ASX
Aug 25, 2026
FireFly Metals Ltd has notified the ASX of a proposed placement of up to 84,269,662 ordinary fully paid shares, with an expected issue date of 1 September 2026. The move signals a significant equity raising that is likely aimed at strengthening th...
FireFly Metals Launches Securities Purchase Plan to Raise Equity
Aug 25, 2026
FireFly Metals Ltd has announced a proposed issue of up to 5,617,977 ordinary fully paid shares under a securities purchase plan for existing shareholders. The offer, recorded as of 24 August 2026, is scheduled to close on 23 September 2026, with ...
FireFly Metals Plans New Share Placement to Raise Capital
Aug 25, 2026
FireFly Metals Ltd has notified the ASX of a proposed placement of up to 16,820,454 ordinary fully paid shares, with the new securities expected to be issued on 3 September 2026. The transaction, lodged via an Appendix 3B, signals the company̵...
FireFly Metals to Detail Green Bay PEA and Capital Raising in Investor Briefing
Aug 25, 2026
FireFly Metals will host a live investor presentation on 25 August 2026, led by senior executives including Managing Director Steve Parsons, to brief the market on the Preliminary Economic Assessment of its Green Bay Ming Mine Copper-Gold Project....
FireFly Metals Confirms Economic Strength of Green Bay Copper-Gold Project
Aug 25, 2026
FireFly Metals has released a preliminary economic assessment and updated mineral resource figures for its Green Bay Copper-Gold Project, reinforcing the scale and long-life potential of the Ming and Little Deer deposits. The company affirms that ...
FireFly Metals Raises A$190m to Accelerate Green Bay Copper-Gold Project
Aug 25, 2026
FireFly Metals has launched a A$180 million equity raising through an Australian institutional placement and a Canadian bought deal, alongside an intended A$10 million share purchase plan, to significantly strengthen its cash position. The company...
FireFly Metals PEA flags multi-decade, low-cost copper growth at Canada’s Green Bay project
Aug 25, 2026
FireFly Metals has released a Preliminary Economic Assessment for the Green Bay Ming Mine copper-gold project in Canada, outlining two development scenarios that highlight the project’s scale and profitability. The study presents Green Bay a...
FireFly Metals Halts Trading Ahead of Green Bay Study and Capital Raising
Aug 24, 2026
FireFly Metals has requested and received a trading halt on its ASX-listed securities ahead of a major project update and funding move. The halt will remain in place until no later than the start of trading on 26 August 2026 while the company prep...
Regal Partners exits substantial holder position in FireFly Metals
Aug 18, 2026
Regal Partners Funds Management Pty Ltd and its associated entities have filed a notice stating they have ceased to be a substantial holder in FireFly Metals Ltd. The change, detailed in a ceasing substantial holder form under Section 671B of the ...
FireFly Metals Reaffirms Canadian Copper-Gold Resource Estimates
Aug 2, 2026
FireFly Metals has reaffirmed its previously reported mineral resource estimates and exploration results for its Canadian copper and gold projects, notably Green Bay, Ming and Little Deer. The company states there is no new information that materi...
FireFly Metals Targets High-Grade Core to Drive Green Bay Copper-Gold Restart
Aug 2, 2026
FireFly Metals has reported another batch of high-grade drilling results from its Green Bay Copper-Gold Project in Canada, with multiple thick intersections in the upper VMS, footwall and high-grade core zones. The infill program is designed to in...
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.