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Sunstone Metals Limited
(Sydney:STM)
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Rating:49Neutral
Price Target:
AU$0.20
â–¼(-41.47% Downside)
Action:Reiterated
Date:07/01/26
The score is primarily held down by weak financial performance—no revenue, recurring losses, and consistently negative free cash flow—despite the offsetting benefit of a conservatively financed, low-debt balance sheet. With no usable technical indicators and limited valuation signals (negative P/E and no dividend yield), the remaining components contribute only modestly to the overall result.
Positive Factors
Conservative Balance Sheet
A near-zero debt profile gives the company durable financial flexibility while pre-revenue. Low leverage reduces bankruptcy and interest servicing risk, enabling management to focus capital on project development and exploration without immediate debt pressures over the next 2–6 months.
Negative Factors
Pre-Revenue Business
No operating revenue means the business lacks validated commercial cash inflows and remains dependent on financing. This structural absence of sales elevates execution risk and makes sustainable margin and profitability projections uncertain over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
A near-zero debt profile gives the company durable financial flexibility while pre-revenue. Low leverage reduces bankruptcy and interest servicing risk, enabling management to focus capital on project development and exploration without immediate debt pressures over the next 2–6 months.
Read all positive factors
Sunstone Metals Limited (STM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$56.80M
Dividend YieldN/A
Average Volume (3M)12.11M
Price to Earnings (P/E)―
Beta (1Y)0.14
Revenue GrowthN/A
EPS Growth40.68%
CountryAU
Employees22
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding284,016,900
10 Day Avg. Volume10,224,465
30 Day Avg. Volume12,107,473
Financial Highlights & Ratios
PEG Ratio1.05
Price to Book (P/B)0.81
Price to Sales (P/S)0.00
P/FCF Ratio-6.87K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.53Price Target Upside348.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.01
Revenue Forecast (FY)N/A
Sunstone Metals Limited Business Overview & Revenue Model
Company Description
Sunstone Metals Limited is an exploration company primarily focused on identifying and assessing gold and copper mineral resources. The firm boasts a substantial 87.5% ownership in the Bramaderos project, an expansive 4,959-hectare site located wi...
How the Company Makes Money
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Sunstone Metals Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
28
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 | -8.59K | -36.62K | -78.53K | -76.06K | -68.82K | -66.92K |
| EBITDA | -2.30M | ― | -2.19M | -1.79M | -2.79M | 2.96M |
| Net Income | -2.27M | -2.41K | -2.29M | -1.88M | -2.87M | 3.23M |
Balance Sheet | ||||||
| Total Assets | 102.46M | 95.06M | 85.99M | 80.05M | 68.81M | 44.13M |
| Cash, Cash Equivalents and Short-Term Investments | 7.92M | 2.74M | 2.78M | 10.59M | 25.70M | 12.17M |
| Total Debt | 0.00 | 0.00 | 78.40K | 32.58K | 72.48K | 108.38K |
| Total Liabilities | 786.13K | 935.51K | 2.07M | 1.91M | 2.44M | 796.48K |
| Stockholders Equity | 100.80M | 93.26M | 83.04M | 77.27M | 65.50M | 42.46M |
Cash Flow | ||||||
| Free Cash Flow | -2.53M | -10.97K | -15.87M | -26.85M | -15.69M | -8.50M |
| Operating Cash Flow | -2.43M | -2.96K | -1.41M | -1.75M | 3.03M | -1.31M |
| Investing Cash Flow | -5.84M | -8.01K | -14.45M | -23.19M | -12.51M | 9.83M |
| Financing Cash Flow | 14.15M | 11.05K | 8.24M | 11.31M | 21.30M | -30.91K |
Sunstone Metals 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% | |
49 Neutral | AU$56.80M | -20.00 | -2.34% | ― | ― | 40.68% | |
49 Neutral | AU$97.69M | -80.47 | -5.62% | ― | ― | 35.64% | |
46 Neutral | AU$60.58M | -10.18 | -16.40% | ― | ― | -216.53% | |
44 Neutral | AU$57.59M | -12.11 | -59.10% | ― | ― | 30.43% | |
44 Neutral | AU$67.00M | -6.74 | -30.57% | ― | ― | 40.51% | |
44 Neutral | AU$36.14M | -4.37 | -25.27% | ― | ― | -31.13% |
* Basic Materials Sector Average
AU:STM
Sunstone Metals Limited
0.20
-0.25
-55.56%
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0.02
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20.00%
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36.36%
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European Metals Holdings Limited
0.26
0.10
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722.58%
Sunstone Metals Limited Corporate Events
Sunstone Metals confirms compliance and transparency in major share placement
Jul 8, 2026
Sunstone Metals Limited has issued 56,803,378 fully paid ordinary shares via a placement to sophisticated and professional investors, conducted without a prospectus under the Corporations Act provisions for such offerings. The company states it re...
Sunstone Metals Seeks ASX Quotation for 56.8 Million New Shares
Jul 8, 2026
Sunstone Metals Ltd has applied to the Australian Securities Exchange for quotation of 56,803,378 new ordinary fully paid shares, expanding its listed securities on issue. The additional shares, issued as part of a previously announced transaction...
Sunstone Ramps Up Bramaderos Drilling as Resource Growth Looms
Jul 1, 2026
Sunstone Metals is expanding its exploration footprint at the Bramaderos gold-copper project in southern Ecuador, where drilling targets porphyry systems at Porotillo, Copete and Melonal to grow the existing 3.6 million-ounce resource. The company...
DGR Global takes 10% cornerstone stake in Sunstone Metals to back Ecuador copper-gold push
Jun 29, 2026
DGR Global Limited has acquired a strategic 10% stake in Sunstone Metals through a cornerstone placement, investing approximately AU$4.97 million at 17.5 cents per share and securing the right to nominate a director while its holding remains at or...
Sunstone Metals plans major share placement to boost capital base
Jun 29, 2026
Sunstone Metals has disclosed plans for a new placement of ordinary fully paid shares, seeking to issue up to 56,803,378 securities. The proposed issue, lodged with the ASX under an Appendix 3B notice, is scheduled for 8 July 2026 and is part of t...
Sunstone Metals Requests Trading Halt Ahead of Capital Raising Announcement
Jun 24, 2026
Sunstone Metals has requested an immediate trading halt in its securities on the ASX as it prepares a market announcement on a proposed material capital raising. The halt will remain in place until the capital raising details are released or until...
Sunstone Metals seeks ASX quotation for new share issuance
Jun 5, 2026
Sunstone Metals has applied for quotation on the ASX of 48,667 new ordinary fully paid shares, issued on 2 June 2026. The application, lodged as an Appendix 2A, reflects the conversion or exercise of existing options or other convertible securitie...
Sunstone drills wide gold-copper zones as Bramaderos resource growth looms
Jun 1, 2026
Sunstone Metals has reported further strong drilling results from its Bramaderos gold-copper project in southern Ecuador, with all 12 holes assayed in the current program intersecting wide zones of mineralisation outside the existing 3.6-million-o...
Sunstone Metals Seeks ASX Quotation for Additional Ordinary Shares
May 29, 2026
Sunstone Metals Ltd has applied to the ASX for quotation of 6,668 new ordinary fully paid shares, issued on 25 May 2026 as a result of exercised options or converted securities. The modest increase in quoted capital reflects routine corporate acti...
Sunstone Metals Seeks ASX Quotation for Newly Issued Shares
May 21, 2026
Sunstone Metals Ltd has applied to the ASX for quotation of 281,669 newly issued ordinary fully paid shares, following the exercise or conversion of existing options or other convertible securities. The additional STM shares, dated 19 May 2026, mo...
Sunstone retracts Bramaderos forecasts after ASX scrutiny
May 11, 2026
Sunstone Metals has retracted all production targets and forecast financial information previously released for its Bramaderos gold-copper project, after the ASX advised the company it lacked a reasonable basis for forward-looking statements that ...
Sunstone defends disclosure timing after share price surge
May 5, 2026
Sunstone Metals has responded to an ASX query about recent share price movements ahead of the release of its Bramaderos Gold-Copper Project scoping study. The company confirmed that the scoping study outcomes are materially price-sensitive and sta...
Sunstone drills broad gold-copper zones to grow Bramaderos resource in Ecuador
May 3, 2026
Sunstone Metals has reported strong assay results from the third and fourth holes of its current drilling campaign at the Copete-Porotillo porphyry complex within the Bramaderos Gold-Copper Project in southern Ecuador. The holes returned broad min...
Sunstone targets resource growth and partnerships at Ecuador gold-copper projects
Apr 30, 2026
Sunstone Metals reported further progress at its Bramaderos gold-copper project, where the current 3.6Moz AuEq resource is confined to pit-constrained Brama-Alba-Melonal deposits, leaving substantial upside from a broader exploration target of 5&#...
Sunstone Metals Seeks Quotation for Additional Ordinary Shares on ASX
Apr 24, 2026
Sunstone Metals has applied to the ASX for quotation of 76,667 new ordinary fully paid shares, to be issued on 24 April 2026. The additional securities arise from the exercise or conversion of existing options or other convertible instruments, sli...
Sunstone Metals to Host Investor Webinar on Bramaderos Scoping Study
Apr 20, 2026
Sunstone Metals has scheduled a live investor webinar for April 22, 2026, to discuss the recently completed Scoping Study on its Bramaderos Gold-Copper Project. The session, led by Managing Director Patrick Duffy, will outline key results from the...
Sunstone outlines preliminary economics and funding needs for Bramaderos gold-copper project
Apr 20, 2026
Sunstone Metals has released a scoping study assessing the potential open-pit development of its Bramaderos Gold-Copper Project in Ecuador, describing it as a preliminary technical and economic evaluation prepared to industry-standard accuracy and...
Sunstone Scoping Study Points to Long-Life, High-Margin Bramaderos Gold-Copper Mine
Apr 20, 2026
Sunstone Metals has released a scoping study for its Bramaderos gold-copper project in Ecuador, outlining a conventional single open pit operation feeding a 10Mtpa plant over an initial 23-year mine life. Based on a 3.6Moz gold-equivalent resource...
Sunstone Metals outlines multi-decade gold-copper exploration ambitions
Apr 15, 2026
Sunstone Metals has released an investor presentation outlining its strategy to define long-life gold-copper projects aimed at creating multi-decade production potential. The company emphasises the speculative nature of mineral exploration and urg...
Sunstone hits wide gold-copper zones as Bramaderos drilling targets resource growth
Apr 13, 2026
Sunstone Metals has reported strong initial drilling results from its new 5,000m program at the Copete-Porotillo porphyry complex within the Bramaderos Gold-Copper Project in southern Ecuador. The campaign is designed to expand the existing 3.6-mi...
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.