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Pivotal Metals
(Sydney:PVT)
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Rating:43Neutral
Price Target:
AU$0.01
▼(-50.00% Downside)
Action:Reiterated
Date:10/16/26
The score is primarily held down by weak financial performance (zero/latest-period revenue, ongoing losses, and persistent cash burn) and bearish technicals with the price below major moving averages. The low-debt balance sheet provides some risk mitigation, but negative earnings and no dividend limit valuation support.
Positive Factors
Minimal Debt
Minimal leverage reduces interest expense and near-term solvency pressure, giving the company greater flexibility than a similarly loss-making business with substantial debt. This balance-sheet cushion can help preserve operating options while management addresses the underlying earnings shortfall.
Negative Factors
Zero Latest-Period Revenue
Revenue falling to zero in the latest annual period leaves no demonstrated operating base from which to generate economies of scale or support fixed costs. Persistent inconsistency also makes future performance difficult to compound and undermines confidence in near-term commercial traction.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal Debt
Minimal leverage reduces interest expense and near-term solvency pressure, giving the company greater flexibility than a similarly loss-making business with substantial debt. This balance-sheet cushion can help preserve operating options while management addresses the underlying earnings shortfall.
Read all positive factors
Pivotal Metals (PVT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$14.47M
Dividend YieldN/A
Average Volume (3M)3.51M
Price to Earnings (P/E)―
Beta (1Y)0.87
Revenue GrowthN/A
EPS Growth36.84%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,315,095,500
10 Day Avg. Volume2,816,615
30 Day Avg. Volume3,508,510
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)0.71
Price to Sales (P/S)0.00
P/FCF Ratio-9.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.03Price Target Upside50.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Pivotal Metals Business Overview & Revenue Model
Company Description
Pivotal Metals Limited, established in 2017 and headquartered in Brisbane, Australia, was formerly known as Rafaella Resources Limited before adopting its current designation in November 2022. The company is actively engaged in the exploration and...
Pivotal Metals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
56
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 83.14K | 54.34K | 138.01K | 1.69K |
| Gross Profit | -7.59K | 83.14K | 54.34K | 18.82K | -93.09K |
| EBITDA | -1.19M | -1.08M | -1.73M | -18.90M | -1.99M |
| Net Income | -1.31M | -1.55M | -1.87M | -19.05M | -2.09M |
Balance Sheet | |||||
| Total Assets | 18.27M | 15.14M | 13.35M | 13.89M | 22.11M |
| Cash, Cash Equivalents and Short-Term Investments | 3.49M | 1.52M | 1.44M | 5.54M | 691.84K |
| Total Debt | 0.00 | 0.00 | 0.00 | 984.17K | 150.35K |
| Total Liabilities | 336.26K | 220.76K | 310.89K | 1.23M | 2.76M |
| Stockholders Equity | 17.93M | 14.92M | 13.04M | 12.66M | 19.35M |
Cash Flow | |||||
| Free Cash Flow | -1.35M | -2.56M | -5.69M | -6.01M | -4.68M |
| Operating Cash Flow | -1.33M | -441.21K | -5.68M | -5.89M | -4.62M |
| Investing Cash Flow | -1.94M | -2.12M | 89.52K | -194.70K | -51.74K |
| Financing Cash Flow | 5.22M | 2.78M | 1.37M | 10.91M | 1.92M |
Pivotal Metals Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Positive
15.36
Positive
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PVT, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 15.36 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PVT.
Pivotal Metals 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% | |
46 Neutral | AU$17.01M | -44.00 | -1.58% | ― | ― | 84.18% | |
46 Neutral | AU$18.29M | -7.16 | -6.44% | ― | ― | -36.47% | |
44 Neutral | AU$15.67M | -2.00 | -3.88% | ― | ― | 61.90% | |
43 Neutral | AU$14.47M | -36.67 | -7.07% | ― | ― | 36.84% | |
42 Neutral | AU$10.95M | -2.37 | -83.24% | ― | ― | -9.30% |
* Basic Materials Sector Average
AU:PVT
Pivotal Metals
0.01
-0.01
-50.00%
AU:REE
RareX Limited
0.01
-0.03
-72.22%
AU:GT1
Green Technology Metals Limited
0.01
-0.01
-48.00%
AU:LPM
Lithium Plus Minerals Ltd.
0.11
>-0.01
-8.33%
AU:RVT
Richmond Vanadium Technology Pty Ltd.
0.08
0.01
18.57%
AU:AXL
Axel REE Ltd.
0.06
-0.03
-34.83%
Pivotal Metals Corporate Events
Pivotal Metals Reports Lapse of 300,000 Performance Rights
Oct 22, 2026
Pivotal Metals Limited has notified the ASX of the cessation of 300,000 performance rights under code PVTAA after the conditional rights lapsed. The lapse occurred because the conditions attached to these securities were not met or are no longer c...
Pivotal Metals Plans New Performance Rights and Options Issue
Oct 22, 2026
Pivotal Metals has lodged a proposed issue of securities with the ASX, outlining plans to grant up to 4 million unquoted performance rights with three-year vesting conditions and 20 million unquoted options exercisable at $0.03, also expiring thre...
Pivotal Metals Calls Physical AGM, Moves Further Toward Digital Shareholder Engagement
Oct 22, 2026
Pivotal Metals Limited has called its annual general meeting for 24 November 2026 at its Perth offices, opting for a fully physical format after minimal shareholder attendance at recent hybrid and virtual meetings. The company is urging investors ...
Pivotal Metals Sets November AGM to Vote on Governance and Capital Flexibility
Oct 22, 2026
Pivotal Metals Ltd has called its annual general meeting for 24 November 2026 in Perth, inviting shareholders to review the company’s financial performance for the year ended 30 June 2026. The AGM will cover receipt of the annual financial r...
Pivotal Metals Sets Date for 2026 AGM and Director Nomination Deadline
Oct 6, 2026
Pivotal Metals has scheduled its 2026 Annual General Meeting for 24 November, with a formal notice to be circulated to shareholders in October. The meeting will include the election of directors, and the company has set 5:00 p.m. AWST on 13 Octobe...
Pivotal Metals to Brief Investors on Horden Lake Copper Project Scoping Study
Sep 30, 2026
Pivotal Metals Ltd, an ASX-listed resources company, is focused on advancing its wholly owned Horden Lake copper project and communicating project economics to investors and stakeholders. The company aims to strengthen its position in the copper s...
Pivotal Metals Scoping Study Flags Strong Economics at Québec Copper Project
Sep 28, 2026
Pivotal Metals has released a scoping study for its Horden Lake copper project indicating robust economics, including a pre-tax net present value of about A$1.33 billion, a post-tax internal rate of return of 49%, and capital payback in 1.3 years ...
Pivotal Metals files updated governance statement and Appendix 4G
Sep 18, 2026
Pivotal Metals Limited has lodged its corporate governance statement for the financial year ended 30 June 2026, confirming that the document is current as of 18 September 2026 and has been approved by the board. The statement is hosted on the comp...
Rafaella Resources outlines ASX-aligned governance framework
Sep 18, 2026
Rafaella Resources Ltd., trading as Pivotal Metals, has detailed its compliance with the ASX Corporate Governance Council’s Principles and Recommendations, highlighting formal structures such as a board charter, nomination committee and writ...
Pivotal Metals Releases Comprehensive 2026 Annual Report
Sep 18, 2026
Pivotal Metals Limited has released its annual report for the year ended 30 June 2026, detailing its chairman’s letter, directors’ report, corporate governance framework, and full audited financial statements. The document also include...
Pivotal Metals boosts copper recoveries at Horden Lake ahead of scoping study
Sep 1, 2026
Pivotal Metals has completed Phase 2 metallurgical testwork at its Horden Lake Copper Project, expanding its metallurgical database to 17 samples across varied feed grades and sulphur levels. The work confirms strong copper metallurgy using a simp...
Pivotal Metals Plans Issue of 25 Million Unquoted Options
Aug 31, 2026
Pivotal Metals Limited has lodged an Appendix 3B with the ASX outlining a proposed issue of securities via a placement or similar mechanism. The company plans to issue up to 25 million unquoted options, exercisable at more than 75% of the 30-day v...
Pivotal Metals Seeks ASX Quotation for Additional Ordinary Shares
Aug 20, 2026
Pivotal Metals Limited is an ASX-listed resources company whose ordinary fully paid shares trade under the code PVT, giving investors exposure to its mining and exploration activities within Australia’s listed resources sector.The company ha...
Pivotal Metals Issues New Shares to Support Canadian Critical Minerals Projects
Aug 20, 2026
Pivotal Metals Ltd has issued 1,923,000 fully paid ordinary shares on 20 August 2026 under provisions of the Corporations Act that allow such issuance without a formal disclosure document. The company confirmed it is compliant with key continuous ...
Pivotal Metals Plans New Share Issue on ASX
Aug 20, 2026
Pivotal Metals Limited has lodged an Appendix 3B with the ASX outlining a proposed issue of ordinary fully paid shares. The company, listed under ticker PVT, continues to use the Australian Securities Exchange as its primary venue for capital rais...
Pivotal Metals expands Belleterre footprint with Bambino acquisition
Aug 20, 2026
Pivotal Metals has agreed to acquire the Bambino Project, a 57-claim, 3,320-hectare property that is contiguous with and substantially surrounds its existing Delphi Patry and Zullo polymetallic occurrences in Québec. The option deal gives the...
Pivotal Metals Director Increases Indirect Shareholding
Aug 9, 2026
Pivotal Metals Limited has reported a change in director Ivan Fairhall’s indirect interest in the company’s securities, as disclosed to the ASX under listing rule obligations. Fairhall, through Salford Capital Pty Ltd as trustee of the...
Pivotal Metals boosts Horden Lake resource and accelerates Québec exploration
Jul 29, 2026
Pivotal Metals has significantly increased the mineral resource estimate at its Horden Lake copper project in Québec to 52 million tonnes at 1.05% copper equivalent, including 485,000 tonnes of in-pit copper equivalent and substantial gold, s...
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.