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Ariana Resources
(LSE:AAU)
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Rating:43Neutral
Price Target:
1.50 p
▲(0.00% Upside)
Action:Reiterated
Date:08/06/26
The score is held down primarily by weak financial performance (no revenue, recurring operating losses, and persistent negative free cash flow) and a bearish technical setup (price below key moving averages with negative MACD). A relatively modest-leverage balance sheet and oversold momentum readings provide only limited offset, while valuation remains unattractive due to negative earnings and no dividend yield data.
Positive Factors
Modest leverage
A relatively lightly leveraged balance sheet gives Ariana greater financial flexibility to fund exploration, meet obligations and withstand operating volatility than a highly indebted mining developer.
Negative Factors
No operating revenue
The absence of recurring reported revenue indicates that the business has not yet demonstrated stable operating monetisation, leaving results dependent on project progress, partners and transactions.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest leverage
A relatively lightly leveraged balance sheet gives Ariana greater financial flexibility to fund exploration, meet obligations and withstand operating volatility than a highly indebted mining developer.
Read all positive factors
Ariana Resources (AAU) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£41.71M
Dividend Yield22.22%
Average Volume (3M)4.07M
Price to Earnings (P/E)―
Beta (1Y)0.43
Revenue GrowthN/A
EPS Growth-458.82%
CountryUK
Employees49
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,690,813,200
10 Day Avg. Volume1,627,629
30 Day Avg. Volume4,072,378
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.70
Price to Sales (P/S)0.00
P/FCF Ratio-12.03
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
Ariana Resources Business Overview & Revenue Model
Company Description
Ariana Resources plc, established in London, United Kingdom, in 2005, specializes in the acquisition, exploration, and development of mineral resources across Turkey. Beyond its primary focus on gold, the company's activities extend to prospecting...
How the Company Makes Money
Ariana Resources makes money mainly through its ownership interests in mining and exploration projects, particularly via joint venture structures. Where a project is in production, Ariana’s share of the operating entity’s results is the primary ec...
Ariana Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
66
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -79.00K | -119.00K | -74.00K | -93.00K | -44.00K |
| EBITDA | -2.56M | -2.63M | -1.43M | -643.00K | -2.94M |
| Net Income | -12.36M | 2.69M | -218.00K | 4.03M | 3.86M |
Balance Sheet | |||||
| Total Assets | 46.49M | 45.59M | 21.93M | 27.90M | 30.59M |
| Cash, Cash Equivalents and Short-Term Investments | 5.44M | 913.00K | 4.11M | 9.38M | 16.39M |
| Total Debt | 629.00K | 1.50M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.11M | 2.19M | 419.00K | 814.00K | 2.06M |
| Stockholders Equity | 45.23M | 43.27M | 21.37M | 27.06M | 28.50M |
Cash Flow | |||||
| Free Cash Flow | -2.63M | -4.17M | -4.13M | -3.08M | -5.41M |
| Operating Cash Flow | -2.58M | -3.09M | -3.15M | -2.55M | -5.17M |
| Investing Cash Flow | -1.50M | 94.00K | -3.33M | -1.27M | 23.61M |
| Financing Cash Flow | 8.64M | 1.50M | 42.00K | -2.07M | -3.33M |
Ariana Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £29.20M | 9.94 | 11.74% | 3.95% | 11.31% | -35.09% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | £15.91M | -16.25 | -5.77% | ― | ― | -100.00% | |
49 Neutral | £72.70M | -42.80 | -4.66% | ― | ― | -13.64% | |
43 Neutral | £41.71M | -2.58 | -28.28% | 22.22% | ― | -458.82% | |
42 Neutral | £8.26M | -6.84 | -12.39% | ― | ― | 86.31% | |
42 Neutral | £12.79M | -28.07 | -3.69% | ― | ― | 18.18% |
* Basic Materials Sector Average
GB:AAU
Ariana Resources
1.55
-0.15
-8.82%
GB:GDP
Goldplat
17.00
9.48
126.12%
GB:ORR
Oriole Resources PLC
0.33
-0.10
-24.42%
GB:WSBN
Wishbone Gold
21.75
-115.25
-84.12%
GB:LEX
Lexington Gold
2.70
-1.35
-33.33%
GB:CORA
Cora Gold
9.50
0.50
5.56%
Ariana Resources Corporate Events
Business Operations and Strategy
Ariana Resources Updates Registered Office in Central London
Neutral
Aug 19, 2026
Ariana Resources plc has announced a change to its registered office address for the company and its UK group entities. The new office is located on the fifth floor at 16 Great Queen Street in Covent Garden, London WC2B 5DG, signalling an administ...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Ariana Resources Boosts Dokwe Gold Project Metrics and Refocuses Portfolio
Positive
Jul 31, 2026
Ariana Resources reported strong progress on the Dokwe Gold Project in Zimbabwe during the quarter to 30 June 2026. The company released an optimised pre-feasibility study indicating long-life, high-margin gold production with a 42% increase in or...
Business Operations and StrategyM&A Transactions
Ariana Resources cashes in Kiziltepe stake to fund Dokwe push
Positive
Jul 31, 2026
Ariana Resources has sold its remaining 9.9% interest in the Kiziltepe Sector in Türkiye to partner Proccea Construction for US$3.7 million in cash, plus US$0.8 million in debt repayment from Zenit, boosting pro forma cash to about A$39 milli...
Business Operations and StrategyM&A Transactions
Ariana Resources Streamlines Turkish Assets as Tavşan Mine Reaches Full Ramp-Up
Positive
Jul 22, 2026
Ariana Resources has reported that ramp-up at the Tavşan gold mine in Türkiye is complete, with ore now being loaded onto heap-leach pads at the targeted rate of 4,000 tonnes per day. The operation is maintaining ore stockpiles of about ...
Regulatory Filings and Compliance
Ariana Resources Director Reorganises Pension Shareholdings Without Changing Stake
Neutral
Jun 12, 2026
Ariana Resources has disclosed an internal share transfer by non-executive director Chris Sangster, who moved 3,927,287 ordinary shares between two AJ Bell pension accounts for no consideration. The transaction does not alter his overall interest ...
Business Operations and StrategyShareholder Meetings
Ariana Resources Clears AGM Resolutions and Updates Dokwe Gold Presentation
Positive
May 29, 2026
Ariana Resources said all resolutions at its Annual General Meeting were passed, confirming shareholder support for the company’s current strategy and governance framework. The proxy voting details will be published on its website, reinforci...
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.