Grange Resources Limited (AU:GRR)
ASX:GRR
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Grange Resources Limited
(Sydney:GRR)
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Rating:63Neutral
Price Target:
AU$0.16
â–¼(-36.00% Downside)
Action:Reiterated
Date:05/01/26
The score is supported by strong financial resilience (minimal leverage) and an inexpensive P/E valuation, but is held back by deteriorating recent operating performance (margin/return compression and negative free cash flow in 2025) and weak technical momentum with the stock trading below key moving averages.
Positive Factors
Low leverage / strong balance sheet
Near-zero reported debt and a substantial equity base provide long-term financial flexibility against iron-ore cyclicality. This reduces refinancing risk, supports capital expenditure or maintenance spending from internal resources, and preserves optionality through 2–6 month commodity swings.
Negative Factors
Declining revenue trend
Two consecutive years of declining revenue reduce scale and may indicate weaker demand or pricing for pellets. Sustained top-line contraction undermines margin recovery, limits ability to leverage fixed-cost base and constrains longer-term growth prospects absent a demand turnaround.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Near-zero reported debt and a substantial equity base provide long-term financial flexibility against iron-ore cyclicality. This reduces refinancing risk, supports capital expenditure or maintenance spending from internal resources, and preserves optionality through 2–6 month commodity swings.
Read all positive factors
Grange Resources Limited (GRR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$179.39M
Dividend YieldN/A
Average Volume (3M)1.37M
Price to Earnings (P/E)3.8
Beta (1Y)1.41
Revenue Growth-8.25%
EPS Growth-20.36%
CountryAU
Employees581
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.04
Shares Outstanding1,157,338,700
10 Day Avg. Volume715,755
30 Day Avg. Volume1,373,734
Financial Highlights & Ratios
PEG Ratio-0.35
Price to Book (P/B)0.30
Price to Sales (P/S)0.69
P/FCF Ratio-15.05
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
Grange Resources Limited Business Overview & Revenue Model
Company Description
Grange Resources Limited owns and operates integrated iron ore mining and pellet production business in the northwest region of Tasmania. The company is involved in the mining, processing, and sale of iron ore; and exploration, evaluation, and dev...
How the Company Makes Money
Grange Resources makes money primarily by selling iron ore pellets and other iron ore products. Revenue is generated through contracts and spot sales where customers pay based on shipped volumes and prevailing iron ore/pellet market pricing, typic...
Grange Resources Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
93
Very Positive
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 477.85M | 520.80M | 614.74M | 594.55M | 781.66M |
| Gross Profit | 59.41M | 61.32M | 199.51M | 239.40M | 435.55M |
| EBITDA | 171.75M | 243.74M | 274.53M | 308.67M | 538.92M |
| Net Income | 46.60M | 58.55M | 150.10M | 171.74M | 322.26M |
Balance Sheet | |||||
| Total Assets | 1.44B | 1.30B | 1.24B | 1.10B | 1.12B |
| Cash, Cash Equivalents and Short-Term Investments | 275.15M | 298.05M | 282.61M | 298.61M | 464.69M |
| Total Debt | 261.00K | 1.32M | 2.21M | 6.48M | 17.45M |
| Total Liabilities | 335.10M | 240.06M | 212.82M | 194.09M | 249.02M |
| Stockholders Equity | 1.11B | 1.06B | 1.03B | 904.13M | 871.22M |
Cash Flow | |||||
| Free Cash Flow | -21.91M | 40.13M | 8.92M | -27.63M | 418.09M |
| Operating Cash Flow | 132.51M | 239.92M | 267.11M | 196.94M | 498.16M |
| Investing Cash Flow | -109.52M | -253.38M | -241.90M | -396.24M | -79.57M |
| Financing Cash Flow | -1.79M | -30.73M | -25.19M | -145.55M | -165.25M |
Grange Resources Limited Technical Analysis
Negative
0.25
Price Trends
0.17
Negative
0.20
Negative
0.22
Negative
Market Momentum
>-0.01
Negative
41.15
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GRR, the sentiment is Negative. The current price of 0.25 is above the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.17, and above the 200-day MA of 0.22, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.15 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:GRR.
Grange Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | AU$179.39M | 3.85 | 4.27% | ― | -8.25% | -20.36% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | AU$210.36M | 15.47 | 7.38% | 2.17% | 82.08% | -7.77% | |
59 Neutral | AU$59.50M | -105.27 | -2.00% | ― | 104.42% | ― | |
58 Neutral | AU$296.74M | 18.37 | 17.97% | 2.13% | ― | -89.84% | |
53 Neutral | AU$325.80M | -22.62 | -39.39% | ― | ― | 25.54% | |
52 Neutral | AU$118.72M | -46.40 | -13.42% | ― | -100.00% | -275.00% |
* Basic Materials Sector Average
AU:GRR
Grange Resources Limited
0.16
-0.02
-13.89%
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CuFe Limited
0.06
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480.00%
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Fenix Resources Limited
0.28
<0.01
1.10%
AU:RHI
Red Hill Iron Limited
4.62
1.52
49.22%
AU:LCY
Legacy Iron Ore Ltd
0.01
0.00
0.00%
AU:CTM
Centaurus Metals Limited
0.58
0.17
43.75%
Grange Resources Limited Corporate Events
Grange Resources Shareholders Back Board-Endorsed Resolutions at AGM
May 13, 2026
Grange Resources Limited reported the outcomes of its Annual General Meeting held on 13 May 2026, where all resolutions put to shareholders by the Board were passed by poll, except for the election of a non-Board endorsed director candidate, which...
Grange Resources Reaffirms Magnetite Reserves and Reporting Compliance
May 13, 2026
Grange Resources has released an AGM presentation outlining key operational and resource information for its Savage River and Southdown magnetite projects. The company confirms that previously disclosed mineral resource and ore reserve estimates r...
Grange Resources posts strong quarter with lower costs and advances North Pit financing
Apr 28, 2026
Grange Resources reported a solid March 2026 quarter, maintaining its exemplary safety record with more than 1,050 days without a lost time injury while completing mining at Centre Pit and advancing work at North Pit. Production and sales remained...
Grange Resources Announces Departure of Director Jiajia Jiang
Apr 15, 2026
Grange Resources Limited has announced that director Jiajia Jiang ceased to be a director of the company effective 15 April 2026. The company’s filing with the ASX confirms that Jiang held no relevant interests in Grange securities, either d...
Grange Resources Announces Resignation of Non-Executive Director
Apr 15, 2026
Grange Resources Limited has announced that non-executive director Jiajia Jiang has resigned from the board with immediate effect, citing ongoing work commitments. The board acknowledged Jiang’s contribution since his appointment in Septembe...
Mitsubishi UFJ Exits Substantial Shareholding in Grange Resources
Apr 13, 2026
Mitsubishi UFJ Financial Group has filed a notice that it has ceased to be a substantial holder in Grange Resources, following a series of trades in the miner’s fully paid ordinary shares earlier in April. The change in status stems mainly f...
Grange Resources Highlights Magnetite Strength and Growth Options in 2025 Annual Report
Apr 10, 2026
Grange Resources has released its 2025 annual report, highlighting its position as Australia’s most experienced magnetite producer, with over 58 years of continuous production from the Savage River operation and a projected mine life extendi...
First Sentier Investors Group ceases to be substantial holder in Grange Resources
Apr 10, 2026
Grange Resources has disclosed that Mitsubishi UFJ Financial Group’s asset management arm, First Sentier Investors Group and a wide range of its related entities have ceased to be substantial shareholders in the company as of 8 April 2026. T...
Grange Resources Holds Savage River Reserves Steady as Underground Development Advances
Apr 2, 2026
Grange Resources reported that Mineral Resources and Ore Reserves at its Savage River operation as at 31 December 2025 remain broadly in line with the prior year, with only modest reductions due mainly to mining depletion and refinements to mine d...
Grange Resources Sets May Date and Nomination Deadline for 2026 AGM
Mar 24, 2026
Grange Resources has scheduled its 2026 Annual General Meeting for 13 May, where one of the key items of business will be the election of directors to its board. The company has set 31 March 2026, by 5.00pm AEDT, as the deadline for receipt of dir...
Grange Resources Appoints Guo Wei to Board With No Initial Shareholdings
Mar 10, 2026
Grange Resources Limited has notified the ASX of the appointment of Guo Wei as a director effective 9 March 2026, in line with its disclosure obligations under listing rule 3.19A.1 and the Corporations Act. The initial director’s interest no...
Grange Resources Adds Shagang Group CFO Guo Wei to Board
Mar 10, 2026
Grange Resources Limited has appointed Jiangsu Shagang Group Co. Chief Financial Officer Guo Wei as a non-independent, non-executive director, effective 9 March 2026. His long tenure and leadership across finance, import and export, and investment...
Grange Resources Emphasises Reconciliation in 2025 Sustainability Report
Feb 26, 2026
Grange Resources has released a 2025 Sustainability Report that underscores its commitment to reconciliation with Tasmanian Aboriginal communities. The company formally acknowledges the traditional custodians of the lands and waterways where it op...
Grange Resources Issues 2025 Full-Year Financial Report
Feb 26, 2026
Grange Resources Limited has released its financial report for the year ended 31 December 2025, detailing the group’s consolidated results, financial position, cash flows, and changes in equity. The report, authorised by the board on 26 Febr...
Grange Resources posts lower 2025 profit and revenue, holds back dividend
Feb 26, 2026
Grange Resources has reported lower full-year results for the 12 months to 31 December 2025, with revenue from ordinary activities falling 8% to $477.9 million compared with the prior year. Profit from ordinary activities after tax attributable to...
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.