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Kingsgate Consolidated Limited
(Sydney:KCN)
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Rating:76Outperform
Price Target:
AU$6.00
▲(12.99% Upside)
Action:Upgraded
Date:09/06/26
The score is driven primarily by materially improved 2026 financial performance (profitability, deleveraging, and strong free cash flow) and a low P/E valuation. Technicals add support with an upward trend and positive momentum, though prior-year financial volatility and a higher-beta profile temper the overall rating.
Positive Factors
Stronger revenue and profitability
Revenue and profitability expanded sharply in 2026, indicating stronger operating scale and earnings capacity. If this performance is maintained, it can provide a larger internal funding base for mine investment, debt reduction, and shareholder returns over coming quarters.
Negative Factors
Volatile earnings track record
The latest rebound has not yet established a consistently durable earnings record. Prior losses, weak margins, and possible one-off effects show that reported profitability can vary materially across the cycle, making future earnings quality and sustainability less certain.
Read all positive and negative factors
Positive Factors
Negative Factors
Stronger revenue and profitability
Revenue and profitability expanded sharply in 2026, indicating stronger operating scale and earnings capacity. If this performance is maintained, it can provide a larger internal funding base for mine investment, debt reduction, and shareholder returns over coming quarters.
Read all positive factors
Kingsgate Consolidated Limited (KCN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.46B
Dividend Yield1.89%
Average Volume (3M)1.37M
Price to Earnings (P/E)5.0
Beta (1Y)2.04
Revenue Growth77.12%
EPS Growth829.48%
CountryAU
Employees574
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)1.06
Shares Outstanding266,409,000
10 Day Avg. Volume1,198,792
30 Day Avg. Volume1,374,236
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)2.32
Price to Sales (P/S)2.17
P/FCF Ratio6.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$7.28Price Target Upside37.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.68
Revenue Forecast (FY)AU$621.91M
Kingsgate Consolidated Limited Business Overview & Revenue Model
Company Description
Established in 1970 and based in Sydney, Australia, Kingsgate Consolidated Limited focuses on the discovery, advancement, and extraction of gold and silver from mineral resources. The company's portfolio features a complete ownership of the Nueva ...
How the Company Makes Money
Kingsgate primarily makes money by producing and selling precious metals—mainly gold and silver—from its mining operations. Revenue is generated when mined ore is processed to recover gold and silver (commonly produced as doré bars), which are the...
Kingsgate Consolidated Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 596.45M | 336.75M | 133.09M | 27.34M | 0.00 |
| Gross Profit | 250.53M | 69.90M | -2.74M | -15.05M | -101.00K |
| EBITDA | 284.87M | 94.46M | 213.84M | 22.57M | -10.40M |
| Net Income | 277.91M | 29.46M | 199.76M | 4.74M | -12.42M |
Balance Sheet | |||||
| Total Assets | 772.40M | 541.78M | 388.94M | 126.72M | 43.76M |
| Cash, Cash Equivalents and Short-Term Investments | 106.77M | 23.78M | 6.98M | 13.05M | 7.42M |
| Total Debt | 65.71M | 116.85M | 59.41M | 24.04M | 19.89M |
| Total Liabilities | 213.42M | 222.47M | 141.25M | 76.67M | 51.65M |
| Stockholders Equity | 558.99M | 319.31M | 247.69M | 50.05M | -7.89M |
Cash Flow | |||||
| Free Cash Flow | 199.99M | 48.00M | -7.65M | -46.02M | -13.80M |
| Operating Cash Flow | 213.80M | 87.30M | 11.68M | -45.26M | -13.78M |
| Investing Cash Flow | -90.20M | -56.10M | -24.49M | -5.88M | 1.62M |
| Financing Cash Flow | -60.44M | -11.82M | 7.86M | 52.74M | 9.59M |
Kingsgate Consolidated Limited Technical Analysis
Positive
5.31
Price Trends
4.72
Positive
5.32
Positive
5.41
Positive
Market Momentum
0.23
Negative
60.07
Neutral
73.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:KCN, the sentiment is Positive. The current price of 5.31 is above the 20-day moving average (MA) of 5.22, above the 50-day MA of 4.72, and below the 200-day MA of 5.41, indicating a bullish trend. The MACD of 0.23 indicates Negative momentum. The RSI at 60.07 is Neutral, neither overbought nor oversold. The STOCH value of 73.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:KCN.
Kingsgate Consolidated Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | AU$1.74B | 10.03 | 26.71% | ― | 74.85% | 43.38% | |
78 Outperform | AU$3.01B | 13.67 | 46.66% | ― | 100.85% | 13.66% | |
76 Outperform | AU$1.46B | 5.02 | 56.44% | 1.89% | 77.12% | 829.48% | |
69 Neutral | AU$750.80M | 8.52 | 25.37% | ― | 909.33% | ― | |
66 Neutral | AU$1.06B | 9.87 | 19.74% | ― | 53.05% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$919.54M | -17.34 | -6.68% | 6.85% | 17.55% | 40.51% |
* Basic Materials Sector Average
AU:KCN
Kingsgate Consolidated Limited
5.40
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77.11%
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Kingsgate Consolidated Limited Corporate Events
Kingsgate declares AUD 0.10 interim dividend for June 2026 period
Aug 31, 2026
Kingsgate Consolidated Limited has announced a new dividend for holders of its ordinary fully paid shares, reflecting its financial performance for the six‑month period ended 30 June 2026. The distribution has been set at AUD 0.10 per share,...
Kingsgate Boosts Shareholder Returns With 10 Cent Final Dividend After Record Profit
Aug 31, 2026
Kingsgate Consolidated Limited, an ASX-listed gold and silver producer, derives its core earnings from the Chatree Gold Mine in Thailand and is developing the Nueva Esperanza silver-gold project in Chile. The company targets sustainable shareholde...
Kingsgate Delivers Record FY2026 Profit and Boosts Shareholder Returns
Aug 31, 2026
Kingsgate Consolidated Limited reported a sharply improved financial performance for the year ended 30 June 2026, driven by strong output from the Chatree Gold Mine. The operation produced 86,078 ounces of gold and 766,009 ounces of silver, underp...
State Street Group Ceases to Be Substantial Holder in Kingsgate Consolidated
Aug 12, 2026
State Street Corporation, through several global asset management and trust subsidiaries, has lodged a formal notice that it has ceased to be a substantial holder in Kingsgate Consolidated Limited. The filing, made under section 671B of the Corpor...
State Street Group Ceases to Be Substantial Holder in Kingsgate Consolidated
Aug 3, 2026
State Street Corporation and several of its global asset management and custody subsidiaries have filed a notice that they have ceased to be a substantial holder in Kingsgate Consolidated Limited as of 30 July 2026. The filing indicates a reductio...
Kingsgate Secures Strategic Land to Extend Chatree Mine Capacity
Jul 28, 2026
Kingsgate Consolidated’s Thai subsidiary Akara Resources has substantially completed a strategic land acquisition program to support the expansion of the Chatree Gold Mine, securing 24 land parcels totaling about 86 hectares for approximatel...
Kingsgate’s Chatree Mine Hits 200,000-Ounce Milestone as Plant 1 Repairs Advance
Jul 23, 2026
Kingsgate Consolidated has reported that its Chatree Gold Mine in Thailand has produced more than 200,000 ounces of gold and 2 million ounces of silver since operations restarted in March 2023, underscoring the mine’s strong and consistent p...
Kingsgate restores partial capacity at Chatree’s Plant 1 while fast-tracking Ball Mill repairs
Jul 14, 2026
Kingsgate has provided an operational update on remediation works at Plant 1 at the Chatree Gold Mine, where a modified circuit has enabled the plant to restart with the Ball Mill isolated and SAG Mill 1 running in closed circuit. These short-term...
Kingsgate hits FY26 guidance as Chatree output and cash position strengthen
Jul 12, 2026
Kingsgate Consolidated has confirmed that its Chatree Gold Mine in Thailand produced 20,163 ounces of gold in the June 2026 quarter, taking full-year output to 86,078 ounces and meeting FY26 production guidance. This represents a 15% increase on F...
Kingsgate shuts Chatree Plant 1 after major ball mill failure
Jul 12, 2026
Kingsgate Consolidated has reported a significant mechanical failure at Plant 1 of its Chatree Gold Mine in Thailand, forcing a controlled shutdown of the ball mill after elevated bearing temperatures were detected. Preliminary inspections indicat...
Kingsgate Reports Lapse of 102,757 Performance Rights
Jul 6, 2026
Kingsgate Consolidated Limited has notified the market that 102,757 performance rights, classified as KCNAD securities, have lapsed as the conditions attached to these rights were not met or can no longer be satisfied as of July 1, 2026. The cessa...
Kingsgate Corrects Director Shareholding Disclosure in Amended ASX Notice
Jul 3, 2026
Kingsgate Consolidated has filed an amended Initial Director’s Interest Notice for director Kerry Stevenson, correcting an earlier disclosure that had recorded no relevant interest in company securities at the time of her appointment in Marc...
State Street Group Ceases to Be Substantial Holder in Kingsgate Consolidated
Jul 1, 2026
Kingsgate Consolidated Limited has disclosed that State Street Corporation, through various global asset management and trust subsidiaries, has ceased to be a substantial holder in the company as of 29 June 2026. The notice, lodged under section 6...
Kingsgate Issues New Tranches of Unquoted Performance Rights
Jun 30, 2026
Kingsgate Consolidated has issued 1,374,294 unquoted performance rights with nil exercise price, split between tranches expiring in August 2027 and August 2028. The new securities, not intended to be quoted on the ASX, form part of previously anno...
Kingsgate plans new FY25 and FY26 performance rights issue
Jun 29, 2026
Kingsgate Consolidated has lodged a new Appendix 3B detailing a proposed issue of securities comprising FY25 and FY26 performance rights. The company plans to issue up to 1,559,334 FY25 performance rights and 1,579,738 FY26 performance rights, wit...
Kingsgate launches new incentive plan with performance rights for executives
Jun 29, 2026
Kingsgate Consolidated Limited has introduced a new securities incentive plan and will initially issue 1,374,293 performance rights to high-performing executives, excluding executive directors, as part of its long-term incentive program. These rig...
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.