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Victory Goldfields Limited
(Sydney:VTM)
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Rating:52Neutral
Price Target:
AU$1.50
▲(25.00% Upside)
Action:Reiterated
Date:06/20/26
The score is held back primarily by weak financial performance (ongoing losses and persistent negative operating/free cash flow), partially offset by a low-leverage balance sheet and supportive technical trend (price above major moving averages with neutral-to-positive momentum). Valuation is also a drag due to negative earnings (negative P/E) and no dividend yield.
Positive Factors
Low leverage and stronger equity base
Very low debt and a materially larger equity base reduce short- to medium-term solvency risk and give management optionality to fund exploration or accept JV/farm-in terms without large interest burdens. This structural balance-sheet strength supports project development flexibility over months to years.
Negative Factors
Consistent negative operating and free cash flow
Persistent cash burn is a structural weakness: ongoing negative operating and free cash flow means the business cannot self-fund exploration or development and will repeatedly rely on external financing. That dependency increases dilution risk and constrains long-term project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and stronger equity base
Very low debt and a materially larger equity base reduce short- to medium-term solvency risk and give management optionality to fund exploration or accept JV/farm-in terms without large interest burdens. This structural balance-sheet strength supports project development flexibility over months to years.
Read all positive factors
Victory Goldfields Limited (VTM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$213.80M
Dividend YieldN/A
Average Volume (3M)413.38K
Price to Earnings (P/E)―
Beta (1Y)1.45
Revenue GrowthN/A
EPS Growth-3250.00%
CountryAU
Employees100
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.05
Shares Outstanding131,567,550
10 Day Avg. Volume213,674
30 Day Avg. Volume413,383
Financial Highlights & Ratios
PEG Ratio-0.48
Price to Book (P/B)5.69
Price to Sales (P/S)653.39
P/FCF Ratio-22.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Victory Goldfields Limited Business Overview & Revenue Model
Company Description
Victory Metals Limited, an Australian mining company based in Subiaco, concentrates on the exploration and development of mineral deposits across Australia. The firm holds exploration interests in the Victory Tenements within the Cue goldfields of...
How the Company Makes Money
Victory Goldfields Limited’s earnings are typically derived from the mineral exploration and development business model rather than from diversified operating services. Key ways the company may generate revenue include: (1) Sale of minerals/produc...
Victory Goldfields Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2023 | Jun 2022 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -674.77K | 140.38K | 57.03K | 19.94K | 0.00 | 0.00 |
| Gross Profit | -805.97K | 140.38K | 57.03K | -224.88K | -131.13K | -660.00 |
| EBITDA | -4.83M | -2.28M | -1.08M | -1.04M | -3.82M | -271.32K |
| Net Income | -5.58M | -3.70M | -1.91M | -1.26M | -3.97M | -271.98K |
Balance Sheet | ||||||
| Total Assets | 26.87M | 17.40M | 11.02M | 8.78M | 4.29M | 13.44K |
| Cash, Cash Equivalents and Short-Term Investments | 13.56M | 6.46M | 2.89M | 3.12M | 1.90M | 4.02K |
| Total Debt | 157.96K | 195.84K | 0.00 | 0.00 | 387.86K | 46.86K |
| Total Liabilities | 814.95K | 1.28M | 539.12K | 511.55K | 885.19K | 324.45K |
| Stockholders Equity | 26.06M | 16.12M | 10.49M | 8.27M | 3.41M | -311.01K |
Cash Flow | ||||||
| Free Cash Flow | -3.17M | -3.99M | -3.49M | -4.17M | -2.47M | -65.08K |
| Operating Cash Flow | -975.10K | -513.25K | -279.43K | -904.64K | -807.42K | -65.08K |
| Investing Cash Flow | -5.02M | -3.54M | -3.21M | -3.29M | 3.34M | 0.00 |
| Financing Cash Flow | 14.70M | 7.62M | 3.26M | 5.42M | -639.69K | 46.86K |
Victory Goldfields Limited Technical Analysis
Positive
1.20
Price Trends
1.55
Positive
1.49
Positive
1.35
Positive
Market Momentum
0.05
Negative
60.25
Neutral
68.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VTM, the sentiment is Positive. The current price of 1.2 is below the 20-day moving average (MA) of 1.56, below the 50-day MA of 1.55, and below the 200-day MA of 1.35, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 60.25 is Neutral, neither overbought nor oversold. The STOCH value of 68.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:VTM.
Victory Goldfields Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$441.30M | 1.62 | 79.54% | ― | 161.65% | 2191.43% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | AU$187.03M | -138.16 | -2.84% | ― | ― | -92.31% | |
54 Neutral | AU$115.01M | 24.05 | 2.67% | ― | 593.88% | 80.32% | |
52 Neutral | AU$213.80M | -33.44 | -26.45% | ― | ― | -3250.00% | |
46 Neutral | AU$90.36M | -17.50 | -5.07% | ― | ― | 78.49% | |
45 Neutral | AU$140.87M | -14.56 | -8.83% | ― | ― | ― |
* Basic Materials Sector Average
AU:VTM
Victory Goldfields Limited
1.63
0.78
92.31%
AU:FML
Focus Minerals Ltd
1.54
1.19
340.00%
AU:GPR
Geopacific Resources Limited
0.03
<0.01
16.67%
AU:CY5
Cygnus Metals Limited
0.12
0.04
43.75%
AU:KAU
Kaiser Reef Ltd
0.19
0.02
15.15%
AU:HRN
Horizon Gold Ltd
1.05
0.48
83.57%
Victory Goldfields Limited Corporate Events
Victory Metals wins major federal grant to advance heavy rare earth processing
Jun 23, 2026
Victory Metals Limited, an Australian rare earths developer, is advancing its North Stanmore Heavy Rare Earth Project near Cue in Western Australia, supported by a newly commissioned pilot plant in Perth. The company specialises in high-value heav...
Victory Metals Pilot Plant Delivers High-Grade Heavy Rare Earths Concentrate
Jun 16, 2026
Victory Metals has commissioned a flotation-based pilot plant in Perth that upgrades North Stanmore ore from 1,195 ppm to a roughly 7.1% Total Rare Earth Oxide concentrate, representing about a 59-fold increase and containing 40% heavy rare earth ...
Victory Metals Secures Traditional Owner Agreement for North Stanmore Mining Licence Pathway
Jun 2, 2026
Victory Metals has signed a key agreement with the Wajarri Yamaji Aboriginal Corporation, securing Traditional Owner consent and land access for the North Stanmore Heavy Rare Earth Element Project near Cue in Western Australia. The agreement, auth...
Victory Metals testwork cuts projected costs at North Stanmore rare earth project
May 3, 2026
Victory Metals has completed key metallurgical testwork inputs for the Pre-Feasibility Study on its North Stanmore Heavy Rare Earth Project, confirming major opportunities to cut both capital and operating expenditure. Optimised flotation reagent ...
Victory Metals Clears Compliance Path for On-Sale of Newly Issued Shares
Apr 30, 2026
Victory Metals Limited has issued 73,077 fully paid ordinary shares and notified the market that these securities qualify for on-sale without a disclosure document under the Corporations Act. The company confirmed it has met its financial reportin...
Victory Metals Seeks ASX Quotation for New Service-Based Share Issue
Apr 30, 2026
Victory Metals Limited has applied to the ASX for quotation of 23,077 new ordinary fully paid shares issued on 29 April 2026. The shares were granted as consideration for services rendered, indicating the company continues to utilise its equity to...
Victory Metals Issues 200,000 Unquoted Performance Rights
Apr 29, 2026
Victory Metals Limited has notified the market of the issue of 200,000 unquoted performance rights, effective 29 April 2026. The new securities, which are not listed on the ASX, form part of the company’s broader capital management and incen...
Victory Metals clears new share issue for on-sale under Corporations Act exemption
Apr 16, 2026
Victory Metals Limited has issued 17,330 fully paid ordinary shares and has lodged the necessary Appendix 2A, formalising their admission to quotation on the ASX. The company states that these shares were issued without a prospectus under the Corp...
Victory Metals Seeks ASX Quotation for Additional Ordinary Shares
Apr 16, 2026
Victory Metals Limited has applied for quotation on the ASX of 17,330 new ordinary fully paid shares under the code VTM, with an issue date of April 16, 2026. The modest issue, arising from previously flagged transactions, slightly increases the c...
Victory Metals Issues 500,000 Unquoted Performance Rights Under Incentive Plan
Apr 10, 2026
Victory Metals Limited has issued 500,000 unquoted performance rights under its employee incentive scheme, with an issue date of 10 April 2026. The new securities will not be quoted on the ASX, indicating they are designed primarily as internal re...
Victory Metals Plans Modest Share Placement to Raise Capital
Apr 2, 2026
Victory Metals Limited, an Australian resources company listed on the ASX under ticker VTM, operates in the metals and mining sector with a focus on exploring and developing metal assets. Its ordinary fully paid shares form the basis of its capita...
Victory Metals Claims Low-Cost Breakthrough in Heavy Rare Earth Recovery at North Stanmore
Apr 1, 2026
Victory Metals has reported breakthrough metallurgical results from flotation concentrate at its North Stanmore heavy rare earth project in Western Australia, achieving a 48× upgrade to 5.9% TREO while rejecting about 95% of feed mass. Subseq...
Victory Metals Reports Cessation of 133,333 Performance Rights
Mar 30, 2026
Victory Metals Limited has notified the market of the cessation of 133,333 performance rights, identified under the ASX security code VTMAE, effective 30 March 2026. The termination of these securities, attributed to an unspecified ‘other...
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.