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KEFI Minerals
(LSE:KEFI)
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Rating:42Neutral
Price Target:
0.66 p
▼(-44.15% Downside)
Action:Reiterated
Date:09/09/26
The score is driven primarily by weak financial performance (pre-revenue profile, worsening 2025 losses, and accelerating cash burn), which indicates elevated execution and funding risk. Technicals add further pressure as the stock trades well below key moving averages with negative momentum, despite oversold readings. Valuation provides limited support because losses make the P/E less meaningful and no dividend yield is available.
Positive Factors
Low leverage
Modest debt relative to equity provides financial flexibility while KEFI advances its mineral projects. A comparatively light debt burden can reduce fixed financing pressure and preserve capacity to structure future project funding, although the company remains dependent on securing capital for development.
Negative Factors
Pre-revenue model
With no reported revenue, KEFI has not yet demonstrated recurring operating cash inflows from commercial production. Its financial progress therefore depends on converting exploration and development assets into producing mines, making permitting, financing, construction, and execution critical over the coming periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Modest debt relative to equity provides financial flexibility while KEFI advances its mineral projects. A comparatively light debt burden can reduce fixed financing pressure and preserve capacity to structure future project funding, although the company remains dependent on securing capital for development.
Read all positive factors
KEFI Minerals (KEFI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£90.34M
Dividend YieldN/A
Average Volume (3M)108.43M
Price to Earnings (P/E)―
Beta (1Y)1.51
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees56
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding13,772,019,000
10 Day Avg. Volume236,694,639
30 Day Avg. Volume108,425,349
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)2.14
Price to Sales (P/S)0.00
P/FCF Ratio-7.75
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)>-0.01
Revenue Forecast (FY)N/A
KEFI Minerals Business Overview & Revenue Model
Company Description
KEFI Gold and Copper Plc engages in the exploration and development of gold and copper deposits in the Kingdom of Saudi Arabia and Ethiopia. The company also explores for zinc and silver deposits, as well as precious and base metals. Its flagship ...
How the Company Makes Money
KEFI’s business model is to create value by acquiring/holding mineral rights, delineating resources through exploration, and progressing projects through studies, permitting, and financing toward development and potential production. However, spec...
KEFI Minerals Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
54
Neutral
Cash Flow
12
Very 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 | -13.00K | -260.00 | -29.00K | -24.00K | -17.00K |
| EBITDA | -7.09M | -6.51K | -3.69M | -3.01M | -3.07M |
| Net Income | -9.69M | -5.23K | -7.90M | -6.36M | -4.92M |
Balance Sheet | |||||
| Total Assets | 64.36M | 39.10M | 35.54M | 32.16M | 29.11M |
| Cash, Cash Equivalents and Short-Term Investments | 8.77M | 185.00K | 192.00K | 220.00K | 374.00K |
| Total Debt | 175.00K | 739.00K | 2.21M | 1.29M | 1.33M |
| Total Liabilities | 7.16M | 6.45M | 9.42M | 5.18M | 6.79M |
| Stockholders Equity | 54.79M | 30.74M | 24.41M | 25.42M | 20.94M |
Cash Flow | |||||
| Free Cash Flow | -15.09M | -6.79M | -4.32M | -6.72M | -4.00M |
| Operating Cash Flow | -10.01M | -2.75M | -1.86M | -3.16M | -1.45M |
| Investing Cash Flow | -5.08M | -4.03M | -3.26M | -5.25M | -3.01M |
| Financing Cash Flow | 23.68M | 6.78M | 5.09M | 8.23M | 3.54M |
KEFI Minerals Technical Analysis
Negative
1.18
Price Trends
1.08
Negative
1.15
Negative
1.31
Negative
Market Momentum
-0.10
Positive
20.42
Positive
5.49
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:KEFI, the sentiment is Negative. The current price of 1.18 is above the 20-day moving average (MA) of 1.11, above the 50-day MA of 1.08, and below the 200-day MA of 1.31, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 20.42 is Positive, neither overbought nor oversold. The STOCH value of 5.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:KEFI.
KEFI Minerals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | £215.57M | 4.38 | 40.37% | 0.02% | 67.11% | 91.17% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | £15.67M | -15.75 | -5.77% | ― | ― | -100.00% | |
50 Neutral | £59.01M | -26.67 | -73.69% | ― | ― | 16.67% | |
49 Neutral | £77.68M | -42.89 | -4.96% | ― | ― | -13.64% | |
43 Neutral | £41.03M | -2.68 | -28.28% | 22.22% | ― | -458.82% | |
42 Neutral | £90.34M | -5.56 | -20.68% | ― | ― | ― |
* Basic Materials Sector Average
GB:KEFI
KEFI Minerals
0.67
-0.15
-18.66%
GB:AAU
Ariana Resources
1.61
0.10
7.00%
GB:SRB
Serabi Gold
285.00
63.49
28.66%
GB:ORR
Oriole Resources PLC
0.32
-0.05
-14.86%
GB:CORA
Cora Gold
10.15
1.15
12.78%
GB:PAT
Panthera Resources Plc
21.30
9.30
77.50%
KEFI Minerals Corporate Events
Business Operations and StrategyPrivate Placements and Financing
KEFI Halts Tulu Kapi Gold Project After Fatal Security Incident
Negative
Sep 7, 2026
KEFI Gold and Copper has been progressing development of its Tulu Kapi Gold Project in Ethiopia, including construction of a new access road, power connection works, equipment procurement and phased community resettlement and compensation aligned ...
Business Operations and StrategyExecutive/Board Changes
KEFI bolsters board and governance ahead of Tulu Kapi development
Positive
Sep 1, 2026
KEFI Gold and Copper has appointed veteran mine-builder Danny Callow as an independent non-executive director, filling a vacancy left by a recent board retirement and adding deep African copper and gold project experience. He will chair a new oper...
Business Operations and StrategyFinancial Disclosures
KEFI Advances Tulu Kapi Underground Plan to Lift Gold Output and Extend Mine Life
Positive
Aug 27, 2026
KEFI Gold and Copper has approved detailed planning for the Tulu Kapi Underground Mine in Ethiopia after a positive standalone Preliminary Economic Assessment, complementing the open pit development already under way. The underground operation wil...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
KEFI Gold and Copper AGM Resolutions Passed Amid Governance Scrutiny
Neutral
Jun 30, 2026
Shareholders in KEFI Gold and Copper plc approved all resolutions at the company’s Annual General Meeting, including the reappointment of directors, auditors and authorities for share allotment and borrowing. Approximately 34.4% of the compa...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and FinancingShareholder Meetings
KEFI Gold and Copper maps out Tulu Kapi build and Saudi growth as it targets Main Market move
Positive
Jun 30, 2026
KEFI Gold and Copper told shareholders at its AGM that it is entering a pivotal development phase, with Ethiopia’s Tulu Kapi gold project now in month four of a 27‑month schedule targeting first production by mid‑2028. Initial op...
Business Operations and StrategyExecutive/Board Changes
KEFI Gold and Copper Bolsters Board Ahead of Tulu Kapi Project Milestone
Positive
Jun 30, 2026
KEFI Gold and Copper has strengthened its board with the appointment of Ethiopian executive Maleda Bisrat as an independent non-executive director and the elevation of existing non-executive director Alistair Clark to senior independent director a...
Business Operations and Strategy
KEFI seals US$400m mining services deal for Ethiopia’s Tulu Kapi project
Positive
Jun 18, 2026
KEFI Gold and Copper has signed a major mining services agreement worth more than US$400 million with BCM Group for the Tulu Kapi Gold Project in Ethiopia, covering full mining operations over the initial nine-year mine life. BCM will supply and o...
Business Operations and StrategyPrivate Placements and Financing
KEFI Gold and Copper Raises Funds Through Adviser Warrant Exercise
Positive
Jun 16, 2026
KEFI Gold and Copper has issued 12.4 million new ordinary shares to Woburn Asset Management following the exercise of adviser warrants at 0.6 pence per share, raising gross proceeds of £74,400. The new shares are expected to begin trading on ...
Business Operations and Strategy
KEFI Gold and Copper to Host Live Investor Webinar on Engage Platform
Positive
Jun 12, 2026
KEFI Gold and Copper has announced that its leadership team will host a live interactive investor discussion on the Engage Investor platform on 17 June 2026 at 16:00 BST. The session is open to existing shareholders and prospective investors, who ...
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.