Btr.Ax
BTR.AX is a gold mining company that generates revenue primarily through the extraction and sale of gold, with operations in the mineral resources sector.
Business. BTR.AX is a gold mining company operating within the Basic Materials sector, specifically focused on mineral resources. The firm generates revenue through the sale of gold products, with key performance indicators including production volume, all-in sustaining costs, and reserve life. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data.
Analyst recommendations
2 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
BTR.AX is a gold mining company operating within the Basic Materials sector, specifically focused on mineral resources. The firm generates revenue through the sale of gold products, with key performance indicators including production volume, all-in sustaining costs, and reserve life. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data.
BTR.AX has a market price of 0.35 AUD and a market capitalization of 384.22 million AUD, with a price-to-book ratio of 2.63 and a price-to-tangible-book ratio of 2.63. The company's liquidity position is characterized by a current ratio of 0.46, indicating a medium liquidity risk. The company's debt-to-equity ratio is 0.21, suggesting a relatively low level of leverage.
The company's profitability is weak, with a return on equity of -31.52% and a return on assets of -20.92%. These figures are below the typical performance metrics for the gold mining industry, indicating a need for operational improvements or cost reductions. The company reported a net loss of 46.07 million AUD, with an operating loss of 40.18 million AUD and a gross loss of 14.05 million AUD.
BTR.AX's revenue is concentrated in the gold mining segment, with no disclosed geographic diversification in the provided data. The company's capital structure is supported by total assets of 220.22 million AUD, with total liabilities of 74.05 million AUD and total equity of 146.17 million AUD. The company's long-term debt is 30.97 million AUD, and it has a negative net cash position after subtracting total debt.
The company's growth trajectory is uncertain, with no specific revenue growth projections provided in the data. However, the company's operating cash flow is negative at -30.93 million AUD, and its free cash flow is -66.72 million AUD, indicating a lack of cash generation. The capital expenditure of -28.92 million AUD suggests ongoing investment in operations, but the negative cash flows indicate that these investments are not yet generating returns.
The company faces several risk factors, including a medium liquidity risk and a negative net cash position. The risk assessment indicates a low dilution risk, but the company's financial performance and cash flow issues suggest potential for future dilution if the company needs to raise additional capital. The company's financial performance and cash flow issues are likely to be key concerns for investors and analysts.
Recent events and filings indicate that the company is under analyst scrutiny, with a mean price target of 1.66 AUD and a median price target of 1.38 AUD. The mean recommendation is 2.00, indicating a neutral stance, with no strong buy recommendations and two buy recommendations. The company's financial performance and cash flow issues are likely to be key concerns for investors and analysts.
- BTR.AX is a gold mining company with a market capitalization of 384.22 million AUD and a price-to-book ratio of 2.63.
- The company's profitability is weak, with a return on equity of -31.52% and a return on assets of -20.92%.
- BTR.AX has a negative net cash position and a current ratio of 0.46, indicating a medium liquidity risk.
- The company's capital expenditure is -28.92 million AUD, suggesting ongoing investment in operations.
- Analysts have a neutral stance on the company, with a mean price target of 1.66 AUD and a median price target of 1.38 AUD.
- The company's financial performance and cash flow issues are likely to be key concerns for investors and analysts.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
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Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -0,03 |
| Revenue | —no estimate | —no estimate | 204,8M AUD |
| Operating income | —no estimate | —no estimate | 171,0M AUD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
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Derivatives & instruments
Physical assets
4 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| BrightStar | Mine | Silver | Australia | Operating company |
| BrightStar | Other | Silver | Australia | Operating company |
| Cork Tree Well | Mine | Gold | Australia | Operating company |
| Cork Tree Well | Other | Gold | Australia | Operating company |
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- BTR.AX Market data — financials · 2026-05-27
- Brightstar Resources Ltd Market data — analyst estimates · 2026-05-27