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Grange Resources Limited
(Sydney:GRR)
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Rating:57Neutral
Price Target:
AU$0.12
▼(-11.43% Downside)
Action:Reiterated
Date:10/15/26
The score is anchored by strong financial resilience from an exceptionally conservative balance sheet, but is pulled down by weaker recent operating/cash-flow trends (including negative free cash flow) and soft technical momentum (below major moving averages with negative MACD). Valuation inputs are also not supportive due to a negative P/E and no dividend yield provided.
Positive Factors
Balance Sheet Strength
Near-zero leverage and a large equity base give Grange substantial capacity to withstand iron-ore price cycles without debt-service pressure. That financial flexibility can support sustaining investment and preserve strategic options when operating conditions weaken.
Negative Factors
Negative Free Cash Flow
The shift to approximately negative $22M of free cash flow reduces near-term financial optionality despite healthy operating inflows. Continued reinvestment or working-capital demands could constrain distributions, debt-free expansion, or the ability to absorb weaker commodity conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Near-zero leverage and a large equity base give Grange substantial capacity to withstand iron-ore price cycles without debt-service pressure. That financial flexibility can support sustaining investment and preserve strategic options when operating conditions weaken.
Read all positive factors
Grange Resources Limited (GRR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$127.31M
Dividend Yield10%
Average Volume (3M)825.92K
Price to Earnings (P/E)―
Beta (1Y)1.27
Revenue Growth1.83%
EPS Growth-1210.61%
CountryAU
Employees581
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)-0.44
Shares Outstanding1,157,338,700
10 Day Avg. Volume1,109,291
30 Day Avg. Volume825,923
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 is an integrated enterprise focused on iron ore mining and pellet manufacturing, primarily operating in Tasmania's northwest region. The company's activities encompass the full spectrum of iron ore business, from extractio...
How the Company Makes Money
Grange Resources makes money by producing and selling iron ore products (primarily iron ore pellets). Its revenue model is commodity-sales driven: the company mines iron ore, processes it into higher-value pellet products, and sells these products...
Grange Resources Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
93
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 502.22M | 477.85M | 520.80M | 614.74M | 594.55M | 781.66M |
| Gross Profit | 68.64M | 59.41M | 61.32M | 199.51M | 239.40M | 435.55M |
| EBITDA | 189.72M | 171.75M | 243.74M | 344.73M | 308.67M | 538.92M |
| Net Income | -509.01M | 46.60M | 58.55M | 150.10M | 171.74M | 322.26M |
Balance Sheet | ||||||
| Total Assets | 796.52M | 1.44B | 1.30B | 1.24B | 1.10B | 1.12B |
| Cash, Cash Equivalents and Short-Term Investments | 267.90M | 275.15M | 298.05M | 282.61M | 298.61M | 464.69M |
| Total Debt | 3.36M | 176.00K | 1.32M | 2.21M | 6.48M | 17.45M |
| Total Liabilities | 230.15M | 335.10M | 240.06M | 212.82M | 194.09M | 249.02M |
| Stockholders Equity | 566.36M | 1.11B | 1.06B | 1.03B | 904.13M | 871.22M |
Cash Flow | ||||||
| Free Cash Flow | 37.84M | -21.91M | 40.13M | 8.92M | -27.63M | 418.09M |
| Operating Cash Flow | 168.24M | 132.51M | 239.92M | 267.11M | 196.94M | 498.16M |
| Investing Cash Flow | -184.84M | -109.52M | -253.38M | -241.90M | -396.24M | -79.57M |
| Financing Cash Flow | -1.84M | -1.79M | -30.73M | -25.19M | -145.55M | -165.25M |
Grange Resources Limited Technical Analysis
Negative
0.14
Price Trends
0.12
Negative
0.13
Negative
0.17
Negative
Market Momentum
>-0.01
Positive
43.90
Neutral
13.33
Positive
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 0.14 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.12, and below the 200-day MA of 0.17, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.90 is Neutral, neither overbought nor oversold. The STOCH value of 13.33 is Positive, 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | AU$157.99M | 12.05 | 6.80% | 4.88% | 86.57% | 124.32% | |
60 Neutral | AU$39.67M | -87.73 | -2.00% | ― | 104.42% | ― | |
57 Neutral | AU$127.31M | -0.24 | -60.80% | 10.00% | 1.83% | -1210.61% | |
52 Neutral | AU$251.78M | 12.81 | 21.31% | 5.71% | ― | 119.59% | |
46 Neutral | AU$114.32M | -30.83 | -20.92% | ― | ― | -150.00% | |
45 Neutral | AU$215.41M | -18.29 | -26.78% | ― | ― | 47.70% |
* Basic Materials Sector Average
AU:GRR
Grange Resources Limited
0.11
-0.15
-56.86%
AU:CUF
CuFe Limited
0.06
<0.01
19.57%
AU:FEX
Fenix Resources Limited
0.21
-0.28
-57.38%
AU:RHI
Red Hill Iron Limited
3.92
0.18
4.73%
AU:LCY
Legacy Iron Ore Ltd
―
―
―
AU:CTM
Centaurus Metals Limited
0.38
-0.04
-10.71%
Grange Resources Limited Corporate Events
Grange Resources Greenlights Lower-Capital Underground Mine at Savage River
Oct 13, 2026
Grange Resources has approved a final investment decision to develop the North Pit Underground Project at its Savage River iron ore pellet operations in Tasmania. The project will use a sub-level cave mining method to transition from open pit mini...
Grange Resources Hit by Major Savage River Impairment Despite Revenue Growth
Aug 31, 2026
Grange Resources reported a 12% rise in revenue to $230.8 million for the half year to 30 June 2026, but swung from a prior profit to a statutory loss after tax of $541.8 million. Underlying profit after tax was $10.5 million, highlighting that th...
Grange flags $300m–$600m non-cash hit to Savage River assets
Jul 29, 2026
Grange Resources Limited, a leading Australian magnetite producer, operates the long-life Savage River integrated iron ore mining and pellet production business in north-west Tasmania, supported by a pellet plant and port facility at Port Latta se...
Grange Resources Holds Steady Output as Costs Rise and North Pit Underground Project Advances
Jul 28, 2026
Grange Resources reported steady operational performance at its Savage River operations for the June 2026 quarter, with concentrate production slightly lower at 587,000 tonnes due to reduced weight recovery but pellet sales rising to 580,000 tonne...
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.