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Group 6 Metals Limited
(Sydney:G6M)
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Rating:62Neutral
Price Target:
AU$3.00
▼(-6.25% Downside)
Action:Upgraded
Date:09/26/26
The score is driven primarily by the FY2026 financial turnaround (strong revenue growth, profitability, and positive free cash flow) but tempered by a volatile multi-year history that weakens confidence in sustainability. Valuation is supportive due to the low P/E, while technical signals are mixed with modest near-term weakness despite a longer-term uptrend.
Positive Factors
Sharp revenue and profit turnaround
The FY2026 revenue surge and return to strong profitability indicate substantially improved operating performance and market conversion. If maintained, this larger earnings base can support reinvestment, strengthen the mine’s economic position, and improve financial resilience over the next several quarters.
Negative Factors
Unproven earnings durability
The abrupt shift from heavy losses to very high FY2026 profitability makes the current earnings level difficult to validate through a full operating cycle. Until stronger results persist across additional periods, investors face uncertainty over whether the improved performance is structurally repeatable.
Read all positive and negative factors
Positive Factors
Negative Factors
Sharp revenue and profit turnaround
The FY2026 revenue surge and return to strong profitability indicate substantially improved operating performance and market conversion. If maintained, this larger earnings base can support reinvestment, strengthen the mine’s economic position, and improve financial resilience over the next several quarters.
Read all positive factors
Group 6 Metals Limited (G6M) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$745.43M
Dividend YieldN/A
Average Volume (3M)16.66K
Price to Earnings (P/E)4.8
Beta (1Y)0.28
Revenue Growth507.73%
EPS GrowthN/A
CountryAU
Employees19
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.60
Shares Outstanding247,652,280
10 Day Avg. Volume16,944
30 Day Avg. Volume16,662
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)3.84
Price to Sales (P/S)4.61
P/FCF Ratio13.37
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)AU$64.80M
Group 6 Metals Limited Business Overview & Revenue Model
Company Description
Group 6 Metals Limited is a mining enterprise primarily focused on the comprehensive redevelopment of its wholly-owned Dolphin tungsten project, located on King Island, Tasmania. Established in 1966, the company operated as King Island Scheelite L...
How the Company Makes Money
G6M’s primary source of revenue is the sale of tungsten concentrate produced from ore mined at the Dolphin Tungsten Mine. The company extracts and processes tungsten-bearing material to produce a concentrate product that is sold to downstream cust...
Group 6 Metals Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
54
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Dec 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 128.97M | 21.22M | 12.38M | 0.00 | 0.00 |
| Gross Profit | 81.15M | -15.95M | -15.98M | -3.42M | -417.00K |
| EBITDA | 69.42M | -14.65M | -113.96M | -17.97M | -13.46M |
| Net Income | 148.19M | -32.13M | -133.58M | -21.87M | -13.65M |
Balance Sheet | |||||
| Total Assets | 209.34M | 50.95M | 37.14M | 139.63M | 55.28M |
| Cash, Cash Equivalents and Short-Term Investments | 49.33M | 7.76M | 809.00K | 9.03M | 4.53M |
| Total Debt | 21.91M | 28.64M | 71.71M | 49.01M | 12.64M |
| Total Liabilities | 54.27M | 56.06M | 94.54M | 68.66M | 31.41M |
| Stockholders Equity | 155.07M | -5.12M | -57.41M | 70.97M | 23.87M |
Cash Flow | |||||
| Free Cash Flow | 44.52M | -28.96M | -32.23M | -74.21M | -38.68M |
| Operating Cash Flow | 55.66M | -26.27M | -27.75M | -17.96M | -4.55M |
| Investing Cash Flow | -10.78M | -2.69M | -2.31M | -56.20M | -36.98M |
| Financing Cash Flow | -3.18M | 35.77M | 21.84M | 78.67M | 42.44M |
Group 6 Metals Limited Technical Analysis
Negative
3.20
Price Trends
3.32
Negative
2.92
Negative
2.71
Positive
Market Momentum
-0.09
Positive
38.31
Neutral
18.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:G6M, the sentiment is Negative. The current price of 3.2 is below the 20-day moving average (MA) of 3.24, below the 50-day MA of 3.32, and above the 200-day MA of 2.71, indicating a neutral trend. The MACD of -0.09 indicates Positive momentum. The RSI at 38.31 is Neutral, neither overbought nor oversold. The STOCH value of 18.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:G6M.
Group 6 Metals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | AU$745.43M | 4.84 | 182.79% | ― | 507.73% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$25.01M | -13.24 | -10.76% | ― | ― | 41.38% | |
48 Neutral | AU$25.79M | -7.76 | -9.35% | ― | ― | 11.11% | |
47 Neutral | AU$60.32M | -14.71 | -105.42% | ― | ― | 26.09% | |
45 Neutral | AU$21.87M | -80.00 | -4.36% | ― | ― | 94.12% | |
42 Neutral | AU$13.95M | -3.50 | -24.49% | ― | ― | 58.33% |
* Basic Materials Sector Average
AU:G6M
Group 6 Metals Limited
2.90
0.40
16.00%
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Group 6 Metals Limited Corporate Events
Group 6 Metals Director Options Expire Without Exercise
Oct 1, 2026
Group 6 Metals has disclosed a change in director Christopher Ellis’s relevant interests following the expiry of a tranche of unquoted performance options. The 30,000 options, held indirectly through entities where Ellis is sole director and...
Group 6 Metals Reports Expiry of 30,000 Unexercised Options
Oct 1, 2026
Group 6 Metals Limited, listed on the ASX under code G6M, has reported changes to its issued capital through the expiry of a tranche of options. The filing outlines the cessation of these securities but does not elaborate on the company’s co...
Group 6 Metals Issues 480,000 Unquoted Performance Rights Under Staff Incentive Plan
Sep 29, 2026
Group 6 Metals Limited has notified the market of the issuance of 480,000 performance rights under its employee incentive scheme, effective 29 September 2026. These rights, classified as unquoted securities, are not intended to be listed on the AS...
Group 6 Metals Lodges ASX Corporate Governance Statement for FY26
Sep 25, 2026
Group 6 Metals Limited has lodged its corporate governance statement for the year ended 30 June 2026 with the ASX, making it available via its website in line with Listing Rule 4.10.3. The statement, current as of 25 September 2026 and approved by...
Group 6 Metals Details Governance Framework in 2026 Annual Report
Sep 25, 2026
Group 6 Metals Limited has released its annual report for the financial year ended 30 June 2026, outlining its formal corporate and governance arrangements. The report highlights the company’s leadership, registered office details, and the p...
Group 6 Metals Sets November Virtual AGM and Opens Director Nominations
Sep 22, 2026
Group 6 Metals Limited has scheduled its Annual General Meeting for 12 p.m. AEDT on Tuesday, 17 November 2026, to be conducted virtually via the Computershare platform. The meeting materials, including resolutions to be considered, will be sent to...
S&P Dow Jones Indices Unveils September 2026 S&P/ASX Rebalance
Sep 4, 2026
SP Dow Jones Indices has announced its September 2026 quarterly rebalance of the SP/ASX indices, with changes taking effect before the market open on 21 September. While the SP/ASX 20 will remain unchanged, several additions and removals are slate...
Group 6 Metals Director Trims Indirect Shareholding in Modest On‑Market Sale
Aug 21, 2026
Group 6 Metals Limited has disclosed a change in the indirect shareholding of director Dale Elphinstone, who controls Elphinstone Holdings Pty Ltd, the registered holder of the securities. Elphinstone’s indirect stake decreased slightly foll...
Group 6 Metals Recapitalises Debt and Strengthens Tungsten Operations in Tasmania
Aug 4, 2026
Group 6 Metals Limited, an ASX-listed critical-minerals producer, is redeveloping and operating the wholly owned Dolphin Tungsten Mine on King Island in Tasmania. The company focuses on producing high-grade tungsten concentrate and intends to move...
Group 6 Metals Clears ASX Reinstatement Conditions With Strong Capital Position
Jul 28, 2026
Group 6 Metals has detailed its capital structure, shareholder base and compliance status as part of meeting ASX conditions for reinstatement to official quotation. The company’s top 20 shareholders control over 98% of its 247.7 million full...
Group 6 Metals Seeks ASX Quotation for Small Share Issuance
Jul 28, 2026
Group 6 Metals Limited has applied for quotation on the ASX of 100 ordinary fully paid shares, with an issue date of 28 July 2026. The small issuance, documented via an Appendix 2A application, appears to relate to previously announced transaction...
Group 6 Metals plans small non‑pro rata share offer on ASX
Jul 24, 2026
Group 6 Metals Limited has lodged an Appendix 3B notice with the ASX outlining a proposed non‑pro rata offer of up to 100 ordinary fully paid shares under a disclosure document or product disclosure statement. The offer, which is scheduled t...
Group 6 Metals Issues Cleansing Prospectus to Support Secondary Trading
Jul 24, 2026
Group 6 Metals has issued a cleansing prospectus for an offer of up to 100 new shares at $0.50 each, raising up to $50 before costs, in a tightly targeted placement limited to selected invitees. The primary purpose of this document is to satisfy d...
Group 6 Metals Plans Targeted Share Placement on ASX
Jul 15, 2026
Group 6 Metals Limited has notified the ASX of a proposed issue of 20,833 ordinary fully paid shares, to be conducted as a placement or similar capital-raising mechanism. The new securities, expected to be issued on 20 July 2026, form part of the ...
Group 6 Metals Posts Record Throughput and Cash Flow at Dolphin Tungsten Mine
Jul 14, 2026
Group 6 Metals reported a record quarter at its Dolphin Tungsten Mine, processing 77,953 tonnes of ore and producing 21,297 MTUs of WO₃ from lower-grade stockpiled material. The company maintained strong safety performance with no lost time ...
Group 6 Metals boosts Dolphin mine output and cash flow amid tightening tungsten market
Jul 13, 2026
Group 6 Metals reported another strong quarter at its Dolphin Tungsten Mine, with processing plant throughput reaching a record 77,953 tonnes of ore and tungsten concentrate production of 21,297 MTUs. Underground mining operations commenced at the...
Group 6 Metals updates market on director equity grant
Jul 10, 2026
Group 6 Metals has updated the market on a change in director Kevin Pallas’s interests, following shareholder approval of new equity incentives. The company has granted Pallas 1,000,000 performance rights expiring on 10 July 2029 under its e...
Group 6 Metals Issues 1 Million Unquoted Performance Rights
Jul 10, 2026
Group 6 Metals Limited has notified the market of the issuance of 1,000,000 unquoted performance rights under its employee incentive scheme. These securities, which are not intended to be quoted on the ASX, were issued on July 10, 2026, signalling...
ASX Tightens Deadlines for Long-Term Suspended Entities, Including Group 6 Metals
Jul 10, 2026
The ASX has issued a market announcement listing multiple entities, including Group 6 Metals Limited among long-term suspended companies that have failed to lodge required periodic reports. The notice sets clear one-year and two-year deadlines 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.