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Santana Minerals Ltd.
(Sydney:SMI)
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Rating:44Neutral
Price Target:
AU$0.48
▼(-47.25% Downside)
Action:Reiterated
Date:07/29/26
The score is weighed down primarily by weak financial performance (pre-revenue, escalating EBIT loss, and worsening negative free cash flow implying continued funding needs) and a clearly bearish technical trend (price below all key moving averages). Valuation contributes additional risk because negative earnings make P/E less informative and there is no dividend yield to offset volatility, though the very low leverage and sizable equity base provide some balance-sheet support.
Positive Factors
Very low leverage / strong balance sheet
Extremely low debt-to-equity (~0.002) materially reduces refinancing and interest-rate risk and gives the company time to advance projects. Over the next 2-6 months this balance-sheet strength supports continued exploration spending or structured farm-ins without urgent debt pressure.
Negative Factors
Pre-revenue and persistent losses
With no operating revenue and recurring losses, Santana relies entirely on financing or asset transactions to fund operations. Over a 2-6 month horizon this persistent lack of cash-generating operations heightens execution and financing risk, and postpones any pathway to sustained profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low debt-to-equity (~0.002) materially reduces refinancing and interest-rate risk and gives the company time to advance projects. Over the next 2-6 months this balance-sheet strength supports continued exploration spending or structured farm-ins without urgent debt pressure.
Read all positive factors
Santana Minerals Ltd. (SMI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$502.74M
Dividend YieldN/A
Average Volume (3M)2.22M
Price to Earnings (P/E)―
Beta (1Y)1.75
Revenue GrowthN/A
EPS Growth68.42%
CountryAU
Employees23
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding985,760,560
10 Day Avg. Volume1,644,955
30 Day Avg. Volume2,221,949
Financial Highlights & Ratios
PEG Ratio4.44
Price to Book (P/B)3.37
Price to Sales (P/S)0.00
P/FCF Ratio-18.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.70Price Target Upside86.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.02
Revenue Forecast (FY)AU$53.59M
Santana Minerals Ltd. Business Overview & Revenue Model
Company Description
Santana Minerals Limited engages in the exploration and evaluation of gold properties in New Zealand, Cambodia, and Mexico. The company explores for gold, silver, and diamond properties. It holds a 100% interest in the Bendigo-Ophir gold project c...
How the Company Makes Money
Santana Minerals’ current business model is primarily that of an exploration/development-stage company: it deploys capital to acquire, explore, and advance mineral tenements and to increase the value of its project portfolio through technical work...
Santana Minerals Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -115.87K | -12.66K | -406.00 | -469.00 | -12.08K |
| EBITDA | -2.91M | -4.71M | -2.54M | -6.84M | -990.69K | -1.21M |
| Net Income | -1.31M | -1.69M | -2.59M | -6.87M | -1.04M | -6.35M |
Balance Sheet | ||||||
| Total Assets | 163.27M | 106.40M | 69.78M | 39.99M | 19.92M | 17.14M |
| Cash, Cash Equivalents and Short-Term Investments | 89.98M | 50.45M | 33.07M | 17.21M | 2.45M | 3.93M |
| Total Debt | 371.43K | 199.19K | 52.85K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 5.18M | 3.80M | 1.93M | 987.04K | 642.62K | 391.31K |
| Stockholders Equity | 158.10M | 102.60M | 67.85M | 39.00M | 19.28M | 16.75M |
Cash Flow | ||||||
| Free Cash Flow | -1.60M | -18.99M | -15.21M | -10.74K | -5.19K | -3.93M |
| Operating Cash Flow | -1.24M | -2.73M | -1.53M | -1.22K | -1.04K | -1.72M |
| Investing Cash Flow | -28.47M | -16.08M | -13.68M | -9.52K | -4.15M | -2.21M |
| Financing Cash Flow | 89.35M | 36.18M | 31.07M | 25.50M | 3.71M | 7.03M |
Santana Minerals Ltd. Technical Analysis
Negative
0.91
Price Trends
0.50
Positive
0.53
Negative
0.71
Negative
Market Momentum
<0.01
Positive
46.16
Neutral
24.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SMI, the sentiment is Negative. The current price of 0.91 is above the 20-day moving average (MA) of 0.53, above the 50-day MA of 0.50, and above the 200-day MA of 0.71, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.16 is Neutral, neither overbought nor oversold. The STOCH value of 24.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SMI.
Santana Minerals Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$936.13M | 6.75 | 105.77% | ― | 1594866.18% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | AU$769.77M | -63.02 | -4.83% | 3.03% | ― | 30.19% | |
57 Neutral | AU$663.97M | -13.65 | -9.19% | 0.93% | 2.93% | 50.61% | |
56 Neutral | AU$408.12M | -66.29 | -4.78% | ― | ― | 19.27% | |
44 Neutral | AU$502.74M | -291.67 | -1.01% | ― | ― | 68.42% | |
44 Neutral | AU$274.56M | -2.99 | -117.09% | ― | ― | -432.83% |
* Basic Materials Sector Average
AU:SMI
Santana Minerals Ltd.
0.56
-0.21
-27.45%
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0.08
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1.42
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0.37
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-58.99%
AU:29M
29metals Ltd.
0.39
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Antipa Minerals Limited
0.63
-0.06
-8.09%
Santana Minerals Ltd. Corporate Events
Santana Minerals Reaffirms Bendigo–Ophir Gold Project PFS and Flags Funding, Strategic Options
Aug 4, 2026
Santana Minerals has reiterated key information from its Bendigo–Ophir Gold Project prefeasibility study, confirming that the production target and associated financial forecasts disclosed in prior ASX announcements remain unchanged. The com...
Santana Minerals Director Increases Indirect Shareholding via On-Market Purchase
Jul 9, 2026
Santana Minerals has disclosed a change in director Peter Cook’s indirect interests, with his associated entity Ajava Holdings Pty Ltd acquiring 1.6 million ordinary shares on market over 7 and 8 July 2026. Following this $709,264 purchase, ...
Santana Minerals Sets Timeline for BOGP Fast-Track Decision Amid NZ Election Period
Jul 2, 2026
Santana Minerals has asked New Zealand’s Environmental Protection Authority to resume processing its BOGP Fast-track approval application on 17 August 2026, following a 35‑day pause to answer the Expert Panel’s latest information...
Santana Minerals Voluntarily Pauses to Strengthen Fast-Track Approvals Bid
Jun 25, 2026
Santana Minerals has voluntarily paused aspects of its fast-track approvals process after an expert panel conference, in order to supply additional data and reports and to refine project conditions with regulators. The company stresses that the ap...
Santana Minerals Extends Timeline for Bendigo-Ophir Land Settlement
May 10, 2026
Santana Minerals has corrected an earlier notice regarding regulatory consent for its purchase of 3,680 hectares of freehold land tied to the Bendigo-Ophir Project in New Zealand. The company clarified that the New Zealand Overseas Investment Offi...
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.