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Dragon Mining
(1712)
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Rating:85Outperform
Price Target:
HK$10.50
â–²(41.13% Upside)
Action:Reiterated
Date:08/12/26
High score driven primarily by strong recent financial performance (expanded profitability, strong cash generation, and very low leverage) and an inexpensive valuation (low P/E). Technicals are supportive but overbought readings (high RSI/Stoch) temper the score due to near-term pullback risk.
Positive Factors
Revenue and Margin Expansion
The sharp 2025 increase in revenue and expanded gross and net margins show strong recent operating leverage and improved earnings capacity. If retained across the next several quarters, this stronger profitability can support reinvestment, equity growth, and internally funded expansion.
Negative Factors
Cyclical Profitability
The large variation in profitability across recent years shows that current earnings strength may not be consistently repeatable. Gold-sector operating conditions can affect results materially, so a reversal in pricing or costs could reduce margins and weaken earnings over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Expansion
The sharp 2025 increase in revenue and expanded gross and net margins show strong recent operating leverage and improved earnings capacity. If retained across the next several quarters, this stronger profitability can support reinvestment, equity growth, and internally funded expansion.
Read all positive factors
Dragon Mining (1712) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.83B
Dividend YieldN/A
Average Volume (3M)1.17M
Price to Earnings (P/E)2.4
Beta (1Y)0.72
Revenue Growth93.64%
EPS Growth336.81%
CountryHK
Employees60
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.66
Shares Outstanding189,715,940
10 Day Avg. Volume1,391,806
30 Day Avg. Volume1,172,802
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.15
Price to Sales (P/S)1.45
P/FCF Ratio3.36
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)0.64
Revenue Forecast (FY)HK$531.49M
Dragon Mining Business Overview & Revenue Model
Company Description
Dragon Mining Limited, operating through its various subsidiaries, is dedicated to the prospecting, appraisal, and progression of gold-related ventures across the Nordic nations. The firm is actively involved in the extraction and processing of go...
Dragon Mining Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
93
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 223.89M | 143.76M | 72.80M | 60.49M | 52.51M | 50.00M |
| Gross Profit | 152.22M | 86.20M | 21.20M | 5.95M | 7.34M | 10.28M |
| EBITDA | 137.41M | 76.74M | 20.29M | 9.72M | 4.95M | 4.22M |
| Net Income | 117.70M | 60.24M | 12.88M | 5.19M | 2.49M | 292.00K |
Balance Sheet | ||||||
| Total Assets | 318.47M | 245.89M | 132.57M | 108.31M | 104.88M | 95.30M |
| Cash, Cash Equivalents and Short-Term Investments | 172.01M | 79.19M | 42.14M | 20.89M | 10.17M | 7.74M |
| Total Debt | 358.00K | 340.00K | 407.00K | 1.30M | 1.45M | 2.01M |
| Total Liabilities | 82.55M | 63.08M | 49.81M | 39.56M | 44.28M | 35.33M |
| Stockholders Equity | 235.91M | 181.74M | 81.69M | 67.69M | 59.53M | 58.90M |
Cash Flow | ||||||
| Free Cash Flow | 121.75M | 62.07M | 20.42M | 3.64M | -2.60M | -2.32M |
| Operating Cash Flow | 125.56M | 73.46M | 24.60M | 8.67M | 2.69M | 8.70M |
| Investing Cash Flow | -12.72M | -38.39M | -6.96M | -3.23M | -5.29M | -10.64M |
| Financing Cash Flow | 32.95M | 33.52M | -165.00K | -172.00K | -238.00K | 1.93M |
Dragon Mining Technical Analysis
Positive
7.44
Price Trends
6.57
Positive
6.58
Positive
7.57
Positive
Market Momentum
0.79
Negative
63.31
Neutral
70.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1712, the sentiment is Positive. The current price of 7.44 is below the 20-day moving average (MA) of 8.18, above the 50-day MA of 6.57, and below the 200-day MA of 7.57, indicating a bullish trend. The MACD of 0.79 indicates Negative momentum. The RSI at 63.31 is Neutral, neither overbought nor oversold. The STOCH value of 70.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1712.
Dragon Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | HK$1.83B | 2.44 | 56.36% | ― | 93.64% | 336.81% | |
76 Outperform | HK$15.78B | 15.37 | 22.79% | 1.08% | 64.96% | 84.76% | |
73 Outperform | HK$2.00B | 13.00 | 9.83% | 3.77% | 23.92% | 4.20% | |
70 Outperform | HK$32.22B | 14.33 | 28.91% | 1.01% | -9.85% | -28.13% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | HK$2.91B | 15.56 | 18.39% | ― | 49.62% | 30.43% | |
45 Neutral | HK$952.95M | 2.87 | 13.04% | ― | ― | ― |
* Basic Materials Sector Average
HK:1712
Dragon Mining
9.07
1.38
18.03%
HK:0340
Tongguan Gold Group Ltd.
2.96
0.71
31.39%
HK:3330
Lingbao Gold Group Company Ltd. Class H
23.50
5.58
31.15%
HK:0621
Taung Gold International Limited
0.51
-0.05
-8.18%
HK:8299
Grand T G Gold Holdings Ltd
0.31
>-0.01
-1.61%
HK:2489
Persistence Resources Group Ltd
0.83
-0.65
-44.03%
Dragon Mining Corporate Events
Dragon Gold Mining Completes Hong Kong Holdco Reorganisation and Listing Shift
Sep 2, 2026
Dragon Gold Mining Limited has completed a reorganisation in which it replaces Australia-domiciled Dragon Mining Limited as the holding company of the group. The scheme of arrangement was implemented on 2 September 2026, making the reorganisation ...
Dragon Gold Mining Reshapes Board and Committee Structure
Sep 1, 2026
Dragon Gold Mining Limited has announced an updated composition of its board of directors effective 2 September 2026, naming Brett Robert Smith as executive director and chief executive officer, Arthur George Dew as non-executive chairman, and two...
Dragon Gold Mining Sets Detailed Terms for Audit and Risk Management Committee
Sep 1, 2026
Dragon Gold Mining Limited has set out detailed terms of reference for its Audit and Risk Management Committee, specifying that the committee must comprise at least three non-executive directors, with a majority being independent and at least one ...
Dragon Gold Mining Sets Clear Mandate for Remuneration Committee Oversight
Sep 1, 2026
Dragon Gold Mining Limited has formalised and disclosed the terms of reference for its Remuneration Committee, setting out requirements for its composition, authority and meeting procedures in both English and traditional Chinese, with the English...
Dragon Gold Mining Sets Formal Mandate for Nomination Committee Governance
Sep 1, 2026
Dragon Gold Mining Limited has formalised the terms of reference for its Nomination Committee, setting out membership requirements, meeting procedures and decision-making processes to strengthen board governance. The committee must comprise at lea...
Dragon Mining posts strong interim profit on surging revenue and FX gains
Aug 19, 2026
Dragon Mining Limited reported a sharp improvement in interim financial performance for the six months ended 30 June 2026, with revenue from customers nearly doubling to AU$107.4 million from AU$54.5 million a year earlier. Gross profit surged to ...
Dragon Mining Receives First Pampalo Gold Royalty Payment
Aug 18, 2026
Dragon Mining Limited has received its first Net Smelter Return royalty payment of EUR 103,669.07 from Endomines Oy for gold produced at the Pampalo gold operation in eastern Finland. The payment stems from a 1.0% royalty arrangement capped at EUR...
Dragon Mining Wins Court Approval for Hong Kong Holding Company Switch
Aug 13, 2026
Dragon Mining Limited has secured approval from the Federal Court of Australia for its scheme of arrangement to change the group’s holding company to Hong Kong–domiciled Dragon Gold Mining Limited. The scheme became effective on 13 Aug...
Dragon Mining Sets August Board Meeting to Approve Interim Results and Consider Dividend
Aug 7, 2026
Dragon Mining Limited has scheduled a board meeting for 19 August 2026 in Hong Kong to review and approve its interim results for the six months ended 30 June 2026 and to authorize their publication. The board will also consider whether to declare...
Dragon Mining investors back Hong Kong holding shift, court approval pending
Aug 6, 2026
Dragon Mining said shareholders have approved a court-supervised scheme of arrangement and a related resolution backing a reorganisation that would replace Australia-domiciled Dragon Mining Limited with Hong Kong–domiciled Dragon Gold Mining...
Dragon Mining to Redomicile Listing Through Hong Kong Holding Company
Aug 6, 2026
Dragon Mining is restructuring its listing structure by introducing Dragon Gold Mining Limited, a Hong Kong–incorporated entity, as the new ultimate holding company for the group while maintaining its presence on the Main Board of the Hong K...
Dragon Mining Advances Court Process for Hong Kong Redomiciliation Scheme
Aug 5, 2026
Dragon Mining Limited, an Australia-incorporated gold mining company listed on the Main Board of the Hong Kong Stock Exchange, is pursuing a corporate reorganisation to place a new Hong Kong–domiciled entity, Dragon Gold Mining Limited, at t...
Dragon Mining Flags Sharp Interim Profit Surge on Strong Gold Prices and Output
Aug 4, 2026
Dragon Mining Limited, a Western Australia-based gold producer listed in Hong Kong, operates mining and processing facilities including the Vammala Plant in Scandinavia and engages in toll treatment and strategic holdings in resource companies. It...
Dragon Mining Reports High-Grade Gold Intercepts at Jokisivu Mine in Finland
Aug 3, 2026
Dragon Mining has reported final assay results from three recent underground diamond drilling programs at its Jokisivu Gold Mine in southern Finland, focused on the Osmo Hanging Wall Zone and Arpola Deep Foot areas across several mine levels. The ...
Dragon Mining Calls Court-Ordered Scheme Meeting on Shareholder Arrangement
Jun 29, 2026
Dragon Mining Limited has convened an extraordinary general meeting of its ordinary shareholders, ordered by the Federal Court of Australia under section 411 of the Corporations Act, to be held as a hybrid Scheme Meeting in Hong Kong with online a...
Dragon Mining calls August EGM to vote on major share capital restructuring
Jun 29, 2026
Dragon Mining has called an extraordinary general meeting for 6 August 2026 in Hong Kong, to be held as a hybrid event with both physical and online participation options for its ordinary shareholders. The meeting will consider an ordinary resolut...
Dragon Mining Sets Timetable for Hong Kong Holding Company Reorganisation
Jun 29, 2026
Dragon Mining has begun implementing a reorganisation that will shift its ultimate holding company from Australia to Hong Kong, with Dragon Gold Mining Limited proposed as the new Hong Kong–domiciled parent to be listed in the city by way of...
Dragon Mining Reshapes Board With Director Resignation and New Appointment
Jun 15, 2026
Dragon Mining Limited has announced the resignation of independent non-executive director Wang Hongqian, who is stepping down from the board and its audit, risk management, remuneration and nomination committees with effect from 15 June 2026 due t...
Dragon Mining Sets Out Board and Committee Structure
Jun 15, 2026
Dragon Mining Limited has announced the current composition of its board of directors, naming Brett Robert Smith as executive director and chief executive officer, with Arthur George Dew serving as non-executive chairman alongside non-executive di...
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.