Aurelia Metals Limited

ASX:AMI Stock Report

Market Cap: AU$457.2m

Aurelia Metals Past Earnings Performance

Past criteria checks 5/6

Aurelia Metals has been growing earnings at an average annual rate of 13.7%, while the Metals and Mining industry saw earnings growing at 15.2% annually. Revenues have been declining at an average rate of 5.2% per year. Aurelia Metals's return on equity is 14%, and it has net margins of 13.8%.

Key information

13.69%

Earnings growth rate

5.61%

EPS growth rate

Metals and Mining Industry Growth22.33%
Revenue growth rate-5.15%
Return on equity14.04%
Net Margin13.79%
Last Earnings Update31 Dec 2025

Recent past performance updates

Recent updates

Narrative Update Jun 06

AMI: Higher Margin Assumptions Will Support A Bullish Outlook

Analysts have revised their price target on Aurelia Metals, reflecting updated assumptions for the company’s discount rate, revenue growth, profit margins and future P/E. They now see a different balance of risk and reward for the stock in A$ terms.
Narrative Update May 22

AMI: Stronger Multi Metal Production Will Support Future Profitability

Analysts have kept Aurelia Metals' A$0.38 fair value unchanged, with updated assumptions around discount rate, revenue growth, profit margins and future P/E informing the latest price target narrative. What's in the News Aurelia Metals reported ore processed of 378 kt for the half year ended December 31, 2025, compared with 355 kt in H1 FY25 (company announcement).
Narrative Update May 04

AMI: Higher Margin Assumptions And Production Profile Will Support Bullish Outlook

Analysts have adjusted their price target on Aurelia Metals to reflect updated assumptions around revenue growth, profit margins and a lower forward P/E. This has led to a revised A$ fair value estimate, while the core valuation framework remains broadly unchanged.
New Narrative Apr 22

Aurelia Metals Limited — Transitioning Into a Higher-Quality Mid-Tier Producer

1️⃣ Executive Summary Aurelia Metals Limited has transitioned into a more stable and operationally credible underground producer, with recent developments shifting the investment case toward margin quality and execution consistency. The company is now firmly in an optimisation phase.
Narrative Update Apr 20

AMI: Higher Ore Throughput And Metal Output Will Support Bullish Re Rating Potential

The analyst price target for Aurelia Metals has been adjusted from A$0.43 to A$0.42 as analysts factor in updated assumptions for revenue growth, profit margins, P/E expectations, and a slightly higher discount rate. What's in the News Aurelia Metals reported ore processed of 378 kt for the half year ended December 31, 2025, compared with 355 kt in H1 FY25 (Announcement of Operating Results).
Narrative Update Apr 06

AMI: Higher Margin Outlook Will Support Stronger Future Profitability

Analysts have raised their fair value estimate for Aurelia Metals from A$0.27 to A$0.38. This change reflects updated views on discount rate assumptions, a lower future P/E multiple and an increased profit margin outlook.
Narrative Update Mar 23

AMI: Higher Margins And Production Mix Will Support A Bullish Outlook

Analysts have trimmed their A$ price target for Aurelia Metals, citing slightly higher discount rate assumptions, more moderate revenue growth expectations and a marginally lower future P/E multiple, partly offset by a small uplift in projected profit margins. What's in the News Released production results for the half year ended December 31, 2025, covering ore processing and key metals output (Key Developments).
Narrative Update Mar 08

AMI: Higher Margins And Updated Mine Output Assumptions Will Support Bullish Re Rating Potential

Analysts have maintained their A$0.43 price target for Aurelia Metals. Updates to assumptions, including a slightly higher discount rate, lower revenue growth, a higher profit margin and a lower future P/E, are informing the refreshed narrative rather than driving a revision in the headline number.
Narrative Update Feb 22

AMI: Higher Margins And Revenue Assumptions Will Support A Bullish Outlook

Analysts now place Aurelia Metals' fair value at A$0.50 per share, up from A$0.42, reflecting updated assumptions for revenue growth, profit margins, a slightly lower future P/E multiple, and a revised discount rate. Valuation Changes Fair Value: A$0.50 per share, up from A$0.42, indicating a moderate uplift in the assessed equity value.
Narrative Update Feb 08

AMI: Higher Margins And Discount Rate Assumptions Will Support Bullish Re Rating Potential

Analysts have maintained their fair value estimate for Aurelia Metals at A$0.43. They have made slight adjustments to assumptions for discount rate, revenue growth, profit margin and future P/E, reflecting an updated but measured view of the company’s risk and earnings profile.
Narrative Update Jan 25

AMI: Higher Margins And P/E Will Support Bullish Re Rating Potential

Analysts have lifted their price target for Aurelia Metals from A$0.38 to A$0.43, citing updated assumptions that reflect slightly higher revenue growth, improved profit margins and a modestly higher future P/E multiple. Valuation Changes Fair Value: updated from A$0.378 to A$0.426, indicating a modest uplift in the assessed share value.
Narrative Update Jan 10

AMI: Lower Discount Rate Will Support Bullish Re Rating Potential

Analysts have raised their fair value estimate for Aurelia Metals from A$0.37 to A$0.38, citing updated assumptions for revenue growth, profit margins and future P/E that feed into a slightly lower discount rate. Valuation Changes Fair value estimate increased slightly from A$0.37 to A$0.38 per share.
Narrative Update Dec 14

AMI: Slightly Higher Required Returns Will Still Support Bullish Re-Rating Potential

Analysts have slightly reduced their price target for Aurelia Metals to approximately A$0.37 from about A$0.37, citing a modestly higher discount rate, slightly softer revenue growth assumptions, lower projected profit margins, and a marginally higher future price to earnings multiple that together temper the stock’s fair value outlook. Valuation Changes The fair value estimate has edged down slightly from A$0.37 to about A$0.37 per share, reflecting a modestly more conservative outlook.
Narrative Update Nov 28

AMI: Consistent Margins And Stable Assumptions Will Drive Re-Rating Opportunity

Analysts have maintained their price target for Aurelia Metals at $0.37, citing consistent financial assumptions and stable projections as the basis for leaving their valuation unchanged. Valuation Changes The Fair Value estimate remains unchanged at A$0.372 per share.
Narrative Update Nov 14

AMI: Steady Performance And Resilient Margins Expected To Unlock Undervalued Potential

Narrative Update on Aurelia Metals: Analyst Price Target Revision Analysts have modestly adjusted their price target for Aurelia Metals, while the fair value estimate remains unchanged at $0.37. This reflects stable revenue growth and profit margin projections, even with a slight increase in the discount rate.
Narrative Update Oct 31

AMI: Net Profit Margin Expansion Will Support Future Earnings Resilience

Narrative Update on Aurelia Metals: Analyst Price Target Revision Analysts have marginally reduced their price target for Aurelia Metals from $0.37 to $0.37, reflecting minor adjustments in the discount rate and projected revenue growth assumptions. What's in the News Aurelia Metals reported a 27% decrease in ore processed for the full year ended June 30, 2025, with 681,000 tonnes processed compared to 929,000 tonnes the previous year (Operating Results Announcement).
Narrative Update Oct 17

Federation And Great Cobar Upgrades Will Expand Metal Output

Analysts have raised their price target for Aurelia Metals from $0.32 to $0.37. They cite stronger projected revenue growth and improved profit margins as key factors behind the upward revision.
Analysis Article Jun 19

Why Investors Shouldn't Be Surprised By Aurelia Metals Limited's (ASX:AMI) 30% Share Price Plunge

Aurelia Metals Limited ( ASX:AMI ) shareholders won't be pleased to see that the share price has had a very rough...
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New Narrative Apr 29

Federation And Great Cobar Projects Will Define Future Production

Ramp-up of the Federation Mine and upcoming Great Cobar project are set to boost both production and future revenue streams.
Analysis Article Mar 30

Improved Revenues Required Before Aurelia Metals Limited (ASX:AMI) Stock's 28% Jump Looks Justified

Despite an already strong run, Aurelia Metals Limited ( ASX:AMI ) shares have been powering on, with a gain of 28% in...
Analysis Article Feb 06

Aurelia Metals Limited (ASX:AMI) Shares Fly 26% But Investors Aren't Buying For Growth

Aurelia Metals Limited ( ASX:AMI ) shareholders would be excited to see that the share price has had a great month...
Analysis Article Nov 13

Here's Why Aurelia Metals (ASX:AMI) Can Manage Its Debt Responsibly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Oct 06

Aurelia Metals Limited's (ASX:AMI) Shares Bounce 29% But Its Business Still Trails The Industry

Aurelia Metals Limited ( ASX:AMI ) shareholders are no doubt pleased to see that the share price has bounced 29% in the...
Analysis Article Aug 31

Aurelia Metals Limited Just Missed Earnings; Here's What Analysts Are Forecasting Now

There's been a notable change in appetite for Aurelia Metals Limited ( ASX:AMI ) shares in the week since its full-year...
Analysis Article Jul 25

Little Excitement Around Aurelia Metals Limited's (ASX:AMI) Revenues

With a price-to-sales (or "P/S") ratio of 1x Aurelia Metals Limited ( ASX:AMI ) may be sending very bullish signals at...
Analysis Article Apr 22

Aurelia Metals Limited (ASX:AMI) Stock Catapults 29% Though Its Price And Business Still Lag The Industry

Aurelia Metals Limited ( ASX:AMI ) shares have continued their recent momentum with a 29% gain in the last month alone...
Analysis Article Mar 29

Aurelia Metals (ASX:AMI) Has Debt But No Earnings; Should You Worry?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Mar 05

Aurelia Metals Limited (ASX:AMI) Surges 26% Yet Its Low P/S Is No Reason For Excitement

Aurelia Metals Limited ( ASX:AMI ) shares have continued their recent momentum with a 26% gain in the last month alone...
Analysis Article Jan 18

The Market Doesn't Like What It Sees From Aurelia Metals Limited's (ASX:AMI) Revenues Yet

With a price-to-sales (or "P/S") ratio of 0.5x Aurelia Metals Limited ( ASX:AMI ) may be sending very bullish signals...

Revenue & Expenses Breakdown

How Aurelia Metals makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

ASX:AMI Revenue, expenses and earnings (AUD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2538853130
30 Sep 2536651130
30 Jun 2534349120
31 Mar 2533432120
31 Dec 2432514120
30 Sep 243174140
30 Jun 24310-6150
31 Mar 24317-15150
31 Dec 23324-25150
30 Sep 23346-38150
30 Jun 23369-52160
31 Mar 23383-85160
31 Dec 22396-119170
30 Sep 22418-100170
30 Jun 22439-82160
31 Mar 22441-26150
31 Dec 2144431150
30 Sep 2143037150
30 Jun 2141643150
31 Mar 2139538140
31 Dec 2037434130
30 Sep 2035332120
30 Jun 2033229110
31 Mar 2031327110
31 Dec 1929525110
30 Sep 1929531100
30 Jun 192953690
31 Mar 193207280
31 Dec 1834510770
30 Sep 1829710360
30 Jun 182499960
31 Mar 181886650
31 Dec 171273340
30 Sep 171182640
30 Jun 171091940
31 Mar 171092240
31 Dec 161092440
30 Sep 161001750
30 Jun 16921160
31 Mar 1670-5560
31 Dec 1548-12170
30 Sep 1530-12060
30 Jun 1513-11840

Quality Earnings: AMI has high quality earnings.

Growing Profit Margin: AMI's current net profit margins (13.8%) are higher than last year (4.4%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: AMI's earnings have grown by 13.7% per year over the past 5 years.

Accelerating Growth: AMI's earnings growth over the past year (275.5%) exceeds its 5-year average (13.7% per year).

Earnings vs Industry: AMI earnings growth over the past year (275.5%) exceeded the Metals and Mining industry 59.9%.


Return on Equity

High ROE: AMI's Return on Equity (14%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 00:35
End of Day Share Price 2026/06/10 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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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

Aurelia Metals Limited is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mitch RyanJefferies LLC
Daniel RodenJefferies LLC
Andrew MuirJ.P. Morgan