Bellevue Gold Future Growth

Future criteria checks 5/6

Bellevue Gold is forecast to grow earnings and revenue by 45.3% and 19.3% per annum respectively. EPS is expected to grow by 45.6% per annum. Return on equity is forecast to be 23.7% in 3 years.

Key information

45.3%

Earnings growth rate

45.61%

EPS growth rate

Metals and Mining earnings growth	15.2%
Revenue growth rate	19.3%
Future return on equity	23.66%
Analyst coverage	Good
Last updated	15 Jun 2026

Recent future growth updates

Recent updates

Analysis Article • Nov 20

New Forecasts: Here's What Analysts Think The Future Holds For Bellevue Gold Limited (ASX:BGL)

Bellevue Gold Limited ( ASX:BGL ) shareholders will have a reason to smile today, with the analysts making substantial...

Analysis Article • Nov 13

We Take A Look At Why Bellevue Gold Limited's (ASX:BGL) CEO Has Earned Their Pay Packet

Key Insights Bellevue Gold's Annual General Meeting to take place on 20th of November Total pay for CEO Darren Stralow...

Analysis Article • Nov 10

Is Bellevue Gold (ASX:BGL) Using Debt In A Risky Way?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Analysis Article • Sep 29

Improved Revenues Required Before Bellevue Gold Limited (ASX:BGL) Stock's 29% Jump Looks Justified

Bellevue Gold Limited ( ASX:BGL ) shareholders would be excited to see that the share price has had a great month...

Analysis Article • Jul 25

Bellevue Gold Limited's (ASX:BGL) Shares Lagging The Industry But So Is The Business

With a price-to-sales (or "P/S") ratio of 2.7x Bellevue Gold Limited ( ASX:BGL ) may be sending very bullish signals at...

Analysis Article • Mar 24

Bullish: Analysts Just Made A Meaningful Upgrade To Their Bellevue Gold Limited (ASX:BGL) Forecasts

Celebrations may be in order for Bellevue Gold Limited ( ASX:BGL ) shareholders, with the analysts delivering a...

Analysis Article • Dec 09

Does Bellevue Gold (ASX:BGL) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Analysis Article • Nov 17

Is There An Opportunity With Bellevue Gold Limited's (ASX:BGL) 35% Undervaluation?

Key Insights The projected fair value for Bellevue Gold is AU$2.24 based on 2 Stage Free Cash Flow to Equity Current...

Analysis Article • Aug 17

Is There An Opportunity With Bellevue Gold Limited's (ASX:BGL) 31% Undervaluation?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Bellevue Gold fair value estimate is AU$2.15 Bellevue Gold is...

Analysis Article • Mar 24

Is Bellevue Gold (ASX:BGL) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Analysis Article • Feb 21

Calculating The Fair Value Of Bellevue Gold Limited (ASX:BGL)

Key Insights Bellevue Gold's estimated fair value is AU$1.21 based on 2 Stage Free Cash Flow to Equity Current share...

Analysis Article • Jun 16

Here's Why We're Not Too Worried About Bellevue Gold's (ASX:BGL) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Analysis Article • Mar 15

Companies Like Bellevue Gold (ASX:BGL) Are In A Position To Invest In Growth

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Analysis Article • Dec 10

We Think Bellevue Gold (ASX:BGL) Needs To Drive Business Growth Carefully

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...

Analysis Article • Jul 15

Here's Why We're Not Too Worried About Bellevue Gold's (ASX:BGL) Cash Burn Situation

Just because a business does not make any money, does not mean that the stock will go down. For example, although...

Earnings and Revenue Growth Forecasts

ASX:BGL - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2028	1,038	315	369	504	8
6/30/2027	981	297	453	596	8
6/30/2026	643	91	160	316	8
12/31/2025	441	-55	-35	149	N/A
9/30/2025	418	-51	-44	144	N/A
6/30/2025	395	-46	-53	139	N/A
3/31/2025	433	20	-7	186	N/A
12/31/2024	472	85	40	232	N/A
9/30/2024	385	80	-20	181	N/A
6/30/2024	298	75	-80	131	N/A
3/31/2024	174	33	-180	65	N/A
12/31/2023	49	-10	-281	0	N/A
9/30/2023	25	-17	-271	-6	N/A
6/30/2023	N/A	-25	-262	-12	N/A
3/31/2023	N/A	-24	-204	-12	N/A
12/31/2022	N/A	-23	-147	-13	N/A
9/30/2022	N/A	-20	-130	-12	N/A
6/30/2022	N/A	-18	-114	-11	N/A
3/31/2022	N/A	-16	-102	-10	N/A
12/31/2021	N/A	-15	-90	-9	N/A
9/30/2021	N/A	-14	-79	-7	N/A
6/30/2021	N/A	-12	-68	-6	N/A
3/31/2021	N/A	-10	-61	-5	N/A
12/31/2020	N/A	-8	-54	-5	N/A
9/30/2020	N/A	-7	-47	-4	N/A
6/30/2020	N/A	-6	-40	-4	N/A
3/31/2020	N/A	-6	-37	-3	N/A
12/31/2019	N/A	-7	-34	-3	N/A
9/30/2019	N/A	-7	N/A	-3	N/A
6/30/2019	N/A	-7	N/A	-3	N/A
3/31/2019	N/A	-6	N/A	-2	N/A
12/31/2018	N/A	-5	N/A	-2	N/A
9/30/2018	N/A	-5	N/A	-2	N/A
6/30/2018	N/A	-6	N/A	-2	N/A
3/31/2018	N/A	-5	N/A	-1	N/A
12/31/2017	N/A	-5	N/A	-1	N/A
9/30/2017	N/A	-3	N/A	-1	N/A
6/30/2017	N/A	-2	N/A	0	N/A
3/31/2017	N/A	-1	N/A	0	N/A
12/31/2016	N/A	-1	N/A	0	N/A
9/30/2016	N/A	-1	N/A	-1	N/A
6/30/2016	N/A	-1	N/A	-1	N/A
3/31/2016	N/A	-1	N/A	-1	N/A
12/31/2015	N/A	-1	N/A	-1	N/A
9/30/2015	N/A	-1	N/A	-1	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BGL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.6%).

Earnings vs Market: BGL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BGL is expected to become profitable in the next 3 years.

Revenue vs Market: BGL's revenue (19.3% per year) is forecast to grow faster than the Australian market (6.2% per year).

High Growth Revenue: BGL's revenue (19.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BGL's Return on Equity is forecast to be high in 3 years time (23.7%)

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/19 15:13
End of Day Share Price	2026/06/19 00:00
Earnings	2025/12/31
Annual Earnings	2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bellevue Gold Limited is covered by 17 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mollie Urquhart	Barrenjoey Markets Pty Limited
Dale Koenders	Barrenjoey Markets Pty Limited
Daniel Morgan	Barrenjoey Markets Pty Limited

Bellevue Gold Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Price target increased by 8.7% to AU$1.95

Price target increased by 12% to AU$1.71

Price target increased by 11% to AU$1.62

Price target increased by 8.3% to AU$1.52

Price target increased by 7.5% to AU$1.45

Price target increased by 8.3% to AU$1.38

Recent updates

Barminco Picks Sandvik for Bellevue Gold Fleet as Production Target Approaches

Barminco Secures Four Year Bellevue Gold Mining Contract With A$75m Capital Required By 2027

First half 2026 earnings released: EPS: AU$0.002 (vs AU$0.01 in 1H 2025)

Bellevue Gold Limited Completes an Updated Pre-Feasibility Study and Approves the Construction of A New 120m3/hr Wet Posting Plant for Post Fill in the High-Grade Deacon and Deacon North Mining Areas At the Bellevue Gold Project

Price target increased by 8.7% to AU$1.95

Price target increased by 12% to AU$1.71

Price target increased by 11% to AU$1.62

Price target increased by 8.3% to AU$1.52

New Forecasts: Here's What Analysts Think The Future Holds For Bellevue Gold Limited (ASX:BGL)

Price target increased by 7.5% to AU$1.45

We Take A Look At Why Bellevue Gold Limited's (ASX:BGL) CEO Has Earned Their Pay Packet

Is Bellevue Gold (ASX:BGL) Using Debt In A Risky Way?

Price target increased by 8.3% to AU$1.38

Price target increased by 9.7% to AU$1.35

Price target increased by 8.3% to AU$1.23

Improved Revenues Required Before Bellevue Gold Limited (ASX:BGL) Stock's 29% Jump Looks Justified

Bellevue Gold Limited, Annual General Meeting, Nov 20, 2025

Less than half of directors are independent

Full year 2025 earnings released: AU$0.035 loss per share (vs AU$0.065 profit in FY 2024)

Consensus EPS estimates fall by 12%

Bellevue Gold Limited's (ASX:BGL) Shares Lagging The Industry But So Is The Business

Consensus EPS estimates fall by 11%

New major risk - Revenue and earnings growth

Suitors Reportedly Consider to Buy Bellevue Gold

New minor risk - Shareholder dilution

Consensus EPS estimates fall by 40%

Price target decreased by 17% to AU$1.31

Bellevue Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 156.454626 million.

Bellevue Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 156.454626 million.

Investor sentiment deteriorates as stock falls 16%

Bellevue Gold Limited's (ASX:BGL) Price Is Right But Growth Is Lacking

We Think That There Are Issues Underlying Bellevue Gold's (ASX:BGL) Earnings

Consensus EPS estimates fall by 20%

First half 2025 earnings released: EPS: AU$0.01 (vs AU$0.002 in 1H 2024)

Are Investors Undervaluing Bellevue Gold Limited (ASX:BGL) By 38%?

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 16%

Price target decreased by 7.3% to AU$1.66

Consensus EPS estimates fall by 11%

Investor sentiment deteriorates as stock falls 15%

Consensus EPS estimates increase by 14%

Investor sentiment improves as stock rises 15%

Bellevue Gold Limited, Annual General Meeting, Nov 21, 2024

Price target decreased by 7.0% to AU$1.80

Price target decreased by 7.1% to AU$2.02

Now 29% undervalued after recent price drop

Bellevue Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 150.000001 million.

Is Bellevue Gold Limited (ASX:BGL) Trading At A 40% Discount?

Forecast breakeven date pushed back to 2025

Non-Executive Director recently sold AU$12m worth of stock

New major risk - Financial position

Price target increased by 7.4% to AU$2.07

New major risk - Financial position

Bullish: Analysts Just Made A Meaningful Upgrade To Their Bellevue Gold Limited (ASX:BGL) Forecasts

New major risk - Financial position

New minor risk - Shareholder dilution

Does Bellevue Gold (ASX:BGL) Have A Healthy Balance Sheet?

Now 20% undervalued

Is There An Opportunity With Bellevue Gold Limited's (ASX:BGL) 35% Undervaluation?

Bellevue Gold Limited, Annual General Meeting, Nov 23, 2023

Is There An Opportunity With Bellevue Gold Limited's (ASX:BGL) 31% Undervaluation?

Now 22% undervalued

Now 20% undervalued

Non-Executive Director recently bought AU$174k worth of stock

Price target increased by 8.5% to AU$1.59

Non-Executive Director recently sold AU$2.4m worth of stock

Is Bellevue Gold (ASX:BGL) Using Too Much Debt?

MD & Executive Director recently sold AU$18m worth of stock

Calculating The Fair Value Of Bellevue Gold Limited (ASX:BGL)