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St. George Mining Ltd.
(Sydney:SGQ)
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Rating:40Underperform
Price Target:
AU$0.07
▼(-17.78% Downside)
Action:Downgraded
Date:07/18/26
The score is weighed down primarily by weak financial performance (large operating losses, negative ROE, and mixed operating cash flow quality) and bearish technical trends (below major moving averages with negative MACD). Valuation provides limited support due to a negative P/E driven by losses and no dividend yield data.
Positive Factors
Low Leverage / Strong Equity Base
The company's minimal leverage and a 56.77% equity ratio provide durable financial flexibility during multi-month exploration cycles. Low debt reduces solvency risk, improves the ability to negotiate farm-ins or JV funding, and preserves capacity to pursue follow-up drilling without immediate financial distress.
Negative Factors
Deep Negative Profitability
Material negative operating and net margins reflect that core activities are loss-making. Persistently deep losses over months limit the company's ability to self-fund exploration, necessitate external financing, and make it harder to demonstrate economically scalable projects to partners or acquirers.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Equity Base
The company's minimal leverage and a 56.77% equity ratio provide durable financial flexibility during multi-month exploration cycles. Low debt reduces solvency risk, improves the ability to negotiate farm-ins or JV funding, and preserves capacity to pursue follow-up drilling without immediate financial distress.
Read all positive factors
St. George Mining Ltd. (SGQ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$366.50M
Dividend YieldN/A
Average Volume (3M)16.78M
Price to Earnings (P/E)―
Beta (1Y)1.87
Revenue GrowthN/A
EPS Growth-79.69%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding4,698,738,000
10 Day Avg. Volume14,145,246
30 Day Avg. Volume16,781,874
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)2.09
Price to Sales (P/S)276.04
P/FCF Ratio-2.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.25Price Target Upside172.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
St. George Mining Ltd. Business Overview & Revenue Model
Company Description
St George Mining Limited is an Australian company dedicated to the exploration and discovery of mineral deposits throughout the nation. Its efforts are primarily directed towards identifying resources of nickel, copper, cobalt, platinum group meta...
How the Company Makes Money
St. George Mining Ltd. does not typically generate recurring operating revenue like a producer because its core business is mineral exploration and project advancement. If specific current-period revenue figures are not available, the company’s ma...
St. George Mining Ltd. Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 217.47K | 80.98K | 65.55K | 0.00 | 0.00 |
| Gross Profit | -109.10K | 217.47K | -30.33K | -112.05K | -92.02K | -84.00K |
| EBITDA | -25.60M | -11.26M | -8.16M | -10.60M | -8.07M | -8.23M |
| Net Income | -32.63M | -11.34M | -8.11M | -10.73M | -8.18M | -8.32M |
Balance Sheet | ||||||
| Total Assets | 103.52M | 50.56M | 3.06M | 3.91M | 4.75M | 6.64M |
| Cash, Cash Equivalents and Short-Term Investments | 54.41M | 2.76M | 2.52M | 3.34M | 4.10M | 6.37M |
| Total Debt | 139.58K | 222.67K | 293.15K | 327.87K | 343.61K | 56.70K |
| Total Liabilities | 3.54M | 21.81M | 998.48K | 2.09M | 1.88M | 834.44K |
| Stockholders Equity | 99.97M | 28.70M | 1.93M | 1.82M | 2.87M | 5.81M |
Cash Flow | ||||||
| Free Cash Flow | -12.94M | -23.73M | -8.41M | -9.32M | -7.48M | -8.40M |
| Operating Cash Flow | -12.67M | -7.04M | -7.92M | -8.75M | -7.45M | -8.37M |
| Investing Cash Flow | -67.67M | -16.69M | -490.61K | -567.63K | -29.56K | -75.65K |
| Financing Cash Flow | 98.16M | 23.97M | 7.59M | 8.56M | 5.22M | 6.50M |
St. George Mining Ltd. Technical Analysis
Negative
0.09
Price Trends
0.09
Negative
0.10
Negative
0.11
Negative
Market Momentum
>-0.01
Positive
38.30
Neutral
5.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SGQ, the sentiment is Negative. The current price of 0.09 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.09, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.30 is Neutral, neither overbought nor oversold. The STOCH value of 5.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SGQ.
St. George Mining Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$791.42M | 9.41 | 19.73% | 2.19% | 39.82% | 68.86% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
44 Neutral | AU$92.28M | -53.85 | -1.99% | ― | ― | 81.34% | |
43 Neutral | AU$518.92M | -22.06 | -18.64% | 33.33% | ― | 7.79% | |
43 Neutral | AU$142.86M | -30.36 | -7.37% | 4.26% | ― | -37.70% | |
43 Neutral | AU$21.87M | -36.18 | -4.36% | ― | ― | 94.12% | |
40 Underperform | AU$366.50M | -6.78 | -50.73% | ― | ― | -79.69% |
* Basic Materials Sector Average
AU:SGQ
St. George Mining Ltd.
0.08
0.02
23.81%
AU:CHN
Chalice Mining
1.28
-0.46
-26.22%
AU:ARL
Ardea Resources
0.42
-0.04
-8.70%
AU:AMI
Aurelia Metals
0.46
0.23
102.22%
AU:ENR
Encounter Resources Limited
0.27
-0.07
-20.59%
AU:AUR
Auris Minerals Ltd.
0.02
<0.01
70.00%
St. George Mining Ltd. Corporate Events
St George Mining Issues New Shares as Araxa Exploration Advances
Jul 29, 2026
St George Mining Limited has issued 1,300,000 fully paid ordinary shares following the exercise of listed options, confirming that the issue was conducted without a disclosure document under relevant Australian corporate law provisions and that th...
St George Mining Seeks Quotation for 1.3 Million New Shares on ASX
Jul 29, 2026
St George Mining Limited has lodged an application with the ASX for quotation of 1,300,000 new ordinary fully paid shares. The shares, to be issued on July 29, 2026, will increase the number of SGQ securities on issue and broaden the company’...
St George Mining Reports Record High-Grade Drill Results at Araxá Rare Earths Project
Jul 29, 2026
St George Mining Ltd. has reported its most impressive diamond drilling results to date at the Araxá Rare Earths and Niobium Project in Brazil, confirming extensive high-grade mineralisation from surface across 37 new drill holes. The assays ...
St George Mining Issues Options and Updates on Araxa Exploration Program
Jul 22, 2026
St George Mining Limited has issued 5,000,000 SGQOC options to its advisors as compensation for services and 250,000 fully paid ordinary shares upon the exercise of existing options. The company confirmed it has met its reporting and disclosure ob...
St. George Mining Seeks ASX Quotation for 250,000 New Shares
Jul 22, 2026
St. George Mining Ltd. is an Australia-based listed company active in the resources sector, trading on the ASX under the ticker SGQ. The company’s primary focus is exploration and development of mineral assets, positioning it within the mini...
St George Mining Seeks ASX Quotation for 5 Million New Options
Jul 22, 2026
St George Mining Ltd. has applied for quotation on the ASX of 5,000,000 options with the code SGQOC, each expiring on 24 February 2027 and issued on 21 July 2026. The move expands the company’s quoted securities base, potentially enhancing l...
St George Mining Highlights Critical Minerals Strategy at Noosa Conference
Jul 21, 2026
St George Mining Limited is taking part in the 2026 Noosa Mining Conference this week, signalling its effort to raise its profile among investors and industry peers. The company is showcasing an investor presentation that highlights its niobium an...
St George Mining Issues New Shares and Updates Araxa Exploration
Jul 10, 2026
St George Mining Ltd. has issued 6,115,000 new fully paid ordinary shares following the conversion of performance rights and the exercise of options, and confirmed that these were released without a prospectus under applicable Australian securitie...
St. George Mining Seeks ASX Quotation for Additional Shares
Jul 10, 2026
St. George Mining Limited has lodged an application with the ASX for quotation of 6,115,000 new ordinary fully paid shares. The new securities, issued on 9 July 2026, will be traded under the existing SGQ code, expanding the company’s quoted...
St George Mining Shareholders Back Funding Deal and Director Incentives
Jul 10, 2026
Shareholders of St George Mining Limited have overwhelmingly approved the issue of shares to Amperex Technology Limited, cementing a key capital and strategic funding arrangement for the battery metals explorer. Investors also ratified prior share...
St George Mining Issues New Shares and Advances Araxa Exploration Program
Jul 3, 2026
St George Mining Limited has issued 56 million fully paid ordinary shares following the conversion of performance rights, confirming that the issuance was conducted without a prospectus and in compliance with relevant Australian corporate disclosu...
St George Mining Director Increases Equity Stake Through Security Conversion
Jul 3, 2026
St George Mining has disclosed a change in the interests of director John Prineas, who has increased his holding of ordinary fully paid shares through the conversion of performance rights and an off-market transfer. Following these transactions, P...
St George Mining Seeks ASX Quotation for 56 Million New Shares
Jul 3, 2026
St George Mining Ltd., an ASX-listed resources exploration company, continues to build its capital base to support ongoing mineral exploration and project development activities. The company seeks to position itself competitively within the mining...
St George unveils thick high-grade rare earths hits at Brazil’s Araxá project
Jul 1, 2026
St George Mining reported further strong drilling results from its 100%-owned Araxá Rare Earths and Niobium Project in Brazil, highlighting very thick, continuous zones of high-grade mineralisation from surface. Key intercepts included a 199....
St George Mining Issues New Shares and Updates on Araxa Exploration
Jun 26, 2026
St George Mining Limited has issued 1,067,580 fully paid ordinary shares following the conversion of SGQOC options, confirming that the issuance was conducted without a prospectus and in compliance with relevant Australian corporate disclosure req...
St George Mining Seeks Quotation for Newly Issued Shares on ASX
Jun 26, 2026
St George Mining Ltd has applied for the quotation of 1,067,580 new ordinary fully paid shares on the Australian Securities Exchange. The securities, issued on June 26, 2026 under the code SGQ, result from the exercise or conversion of existing op...
St George Mining Seeks Shareholder Backing for $60m Two-Tranche Placement
Jun 25, 2026
St George Mining Limited has secured firm commitments from sophisticated and professional investors to raise $60 million through a two-tranche placement of approximately 600 million new shares at $0.10 each. The first tranche of 424,450,512 shares...
St George Mining Confirms Compliance After $42.4m Share Placement
Jun 23, 2026
St George Mining Limited has issued 424,450,512 fully paid ordinary shares at $0.10 each under a placement to institutional, sophisticated and professional investors. The company stated that the share issue was conducted without a prospectus, whil...
St George Mining Seeks Quotation for 424 Million New Shares on ASX
Jun 23, 2026
St George Mining Ltd has applied to the ASX for quotation of 424,450,512 ordinary fully paid shares, expanding the number of securities on issue under the SGQ ticker. The new securities, issued on June 24, 2026, formalise a previously announced tr...
St George Mining Updates Director John Dawson’s Shareholdings After Administrative Transfer
Jun 18, 2026
St George Mining has disclosed a change in the relevant interests of director John Dawson following an off-market transfer of shares between related entities. The transaction involved moving fully paid ordinary shares from Impulzive Pty Ltd to Imp...
St George Mining Issues New Shares, Advances Araxá Exploration
Jun 18, 2026
St George Mining Ltd has expanded its share capital through the issue of 9,523,679 fully paid ordinary shares on conversion of SGQOC options and a further 120,000 shares from the exercise of unlisted options at $0.06 per share. The company confirm...
St. George Mining Seeks ASX Quotation for Newly Issued Shares
Jun 18, 2026
St. George Mining Ltd. has applied for quotation on the ASX of 9,723,679 additional ordinary fully paid shares, following the issue of these securities on 12 and 16 June 2026. The new shares arise from the exercise or conversion of existing option...
St George Mining Plans Major Share Placement on ASX
Jun 16, 2026
St George Mining Ltd has notified the ASX of a proposed issue of up to 600,000,000 ordinary fully paid shares under a placement or similar type of capital raising. The new securities, to be issued on or around 23 June 2026, will be quoted on the A...
St George Mining Raises A$60m to Fast-Track Brazilian Rare Earths Project
Jun 16, 2026
St George Mining has secured firm commitments to raise A$60 million through a two-tranche institutional placement of 600 million new shares at A$0.10 each, largely backed by existing institutional investors. Major shareholder Hancock Prospecting w...
St George Mining Sets July 2026 In-Person General Meeting with Digital Access
Jun 9, 2026
St George Mining Limited has scheduled a general meeting of shareholders for 10 July 2026 at 10:00am WST, to be held in person at the BDO offices in Perth. The company has made the notice of meeting and related documents available online and is re...
St George Mining Issues New Shares as Araxa Exploration Advances
Jun 2, 2026
St George Mining Limited has issued 2,220,000 fully paid ordinary shares following the conversion of SGQOC options and a further 328,947 shares from the exercise of unlisted options at $0.06 per share, and has confirmed these were issued without a...
St George Mining Seeks ASX Quotation for 2.5 Million New Shares
Jun 2, 2026
St George Mining Limited has lodged an application with the ASX for quotation of 2,548,947 additional ordinary fully paid shares. The new securities, issued on 2 June 2026 following the exercise or conversion of existing options or other convertib...
St George Mining Issues New Classes of Performance Rights
Jun 2, 2026
St George Mining Ltd. has notified the market of the issuance of new unquoted equity securities in the form of performance rights. The company has created two new classes of performance rights, signalling continued use of equity-based incentives a...
St George Mining Plans Large Issue of New Performance Rights
Jun 2, 2026
St George Mining Limited has lodged an Appendix 3B announcing a proposed issue of new performance rights as part of its capital management activities. The company plans to create two new classes of securities, Class G and Class H performance right...
St George Mining Restructures Lithium JV as ATL Takes Strategic Stake
Jun 1, 2026
St George Mining has restructured its Lithium Star joint venture with Amperex Technology Limited, acquiring ATL’s 10% stake in Lithium Star to move to full ownership of the lithium-focused vehicle in Western Australia. In exchange, ATL will ...
St George Mining Plans Placement of Up to 12.5 Million New Shares
Jun 1, 2026
St George Mining Limited has lodged an Appendix 3B announcing a proposed issue of up to 12,500,000 ordinary fully paid shares. The new securities are to be issued as part of a placement or similar capital-raising structure, with a proposed issue d...
St George Mining Issues New Shares and Updates on Araxa Exploration
May 22, 2026
St George Mining Limited has issued 2.6 million new fully paid ordinary shares following the conversion and exercise of options, and confirmed that these shares were issued without a prospectus under relevant Australian Corporations Act provisions...
St George Mining Seeks ASX Quotation for 2.6 Million New Shares
May 22, 2026
St George Mining Limited has applied for quotation on the ASX of 2,600,000 new ordinary fully paid shares, issued on 21 May 2026. The application under Appendix 2A indicates these securities arise from the exercise or conversion of existing option...
St George Mining Expands Share Base as Araxa Exploration Advances
May 8, 2026
St George Mining Limited has issued 11,092,738 fully paid ordinary shares upon conversion of SGQOC options and a further 203,199 shares from the conversion of unlisted options at $0.06 per share. The company confirmed these shares were issued with...
St George Mining Seeks ASX Quotation for 11.3 Million New Shares
May 8, 2026
St George Mining Ltd has applied for quotation on the ASX of 11,295,937 new ordinary fully paid shares, issued on 6 May 2026 under the code SGQ. The additional securities arise from the exercise of options or conversion of other securities, modest...
St George Mining Drilling Extends High-Grade Rare Earths at Brazil’s Araxá Project
May 5, 2026
St George Mining reported further strong assay results from ongoing diamond drilling at its Araxá rare earths and niobium project in Brazil, including multiple wide, high-grade mineralised intercepts starting from surface. The latest 13 holes...
St George Showcases World-Class Araxá Niobium-Rare Earths Project at RIU Conference
May 4, 2026
St George Mining has used the RIU Resources Conference in Sydney to highlight its Araxá Project, a 100%-owned niobium and rare earths asset it describes as hosting a world-class resource. The company is advancing studies for a potential minin...
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.