Elevra Lithium (DML2) Stock Price & Analysis
DML2 Stock Chart & Stats
- Day’s Range
- EUR 1.97 - EUR 2.05
- 52-Week Range
- EUR 1.97 - EUR 8.67
- Previous Close
- EUR 2.11
- Volume
- N/A
- Average Volume (3M)
- 635
- Market Cap
- EUR 386.29M
- Enterprise Value
- EUR 1.59B
- Total Cash (Recent Filing)
- EUR 368.47M
- Total Debt (Recent Filing)
- EUR 112.71M
- Price to Earnings (P/E)
- 5.3
- Beta
- 1.87
- Next Earnings
- Mar 03, 2027 (Est.)
- EPS Estimate
- 0.05
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Funded Expansion
The funded NAL expansion provides a tangible pathway to increase average annual concentrate capacity from about 194,000 to 338,000 tonnes. If executed as planned, the brownfield project could improve scale, lower life-of-mine costs, and strengthen Elevra’s position in battery-material supply chains.
Balance Sheet Strengthening
The substantial increase in cash and assets improves financial resilience and supports the company’s ability to fund expansion and operating needs. A stronger capital base also provides greater flexibility to manage project execution, working-capital demands, and volatility in lithium markets.
Synergies And Commercial Progress
Realized merger synergies can provide a recurring improvement to the cost base rather than a temporary revenue benefit. Combined with a streamlined customer strategy and commercial progress, these savings may support operating leverage and improve competitiveness as the business scales.
Bears Say
Persistent Cash Burn
Sustained negative operating and free cash flow indicates that reported activity is not yet translating into internally generated funding. This can increase reliance on financing or asset-level cash resources, limiting flexibility and raising execution risk while expansion spending remains elevated.
Weak Core Profitability
Negative core operating margins and volatile earnings suggest statutory profit does not yet represent stable underlying profitability. The mismatch between reported income and operating performance makes earnings less durable and leaves results exposed to non-operating items, cost pressure, and commodity-price changes.
Higher Costs And Capital Intensity
Higher mining intensity, stripping, and sharply increased growth capital will pressure near-term cash generation and execution capacity. Although expansion may improve long-term scale, the larger spending requirement raises the consequence of delays, cost overruns, or weaker operating performance during the build-out.
Elevra Lithium News
DML2 FAQ
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Elevra Lithium Stock Smart Score
Company Description
Elevra Lithium
Elevra Lithium Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of mineral assets in Australia and Canada. The company explores for lithium, graphite, and gold deposits. Its flagship property includes the North American Lithium project that consists of 41 claims and one mining lease covering an area of approximately 1,493 hectares located in Quebec, Canada. The company was formerly known as Sayona Mining Limited and changed its name to Elevra Lithium Limited in August 2025. Elevra Lithium Limited was incorporated in 2000 and is headquartered in Brisbane, Australia.
- Sector
- Basicmaterials
- Industry
- Other Precious Metals
- CEO
- Lucas Lindsay Dow
- Employees
- 246
- Website
- www.elevra.com
- Address
- 10 Eagle Street, Brisbane, QLD, 4000, AU
Elevra Lithium (DML2) Earnings & Revenues
DML2 Company Deck
DML2 Earnings Call
Earnings Call SentimentPositive
The call presented a materially improved commercial, operational and financial position: strong realized price gains (+57%), a return to positive underlying EBITDA, a substantially stronger cash position ($255M) and a fully funded NAL expansion that has moved into execution. These positives were balanced by modest production and shipment declines, temporary mining headwinds, weaker cash conversion during the year, and higher near-term unit costs and capital intensity tied to expansion activities. Management highlighted improving operational metrics (Q4 recoveries, 92% mill utilization) and significant strategic progress (merger synergies, Mangrove agreement, portfolio rationalization), which together outweigh the transitory operational and timing challenges reported.
View all DE:DML2 earnings summariesDML2 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 4 | 2 | 16 |
| Technical Analysis | 4 | 2 | 4 |
| Moving Averages | 0 | 0 | 12 |










