How does DRE's PB Ratio compare to its peers?

DRE is expensive based on its Price-To-Book Ratio (1.1x) compared to the peer average (1x).

How does DRE's PB Ratio compare vs other companies in the AU Metals and Mining Industry?

DRE is good value based on its Price-To-Book Ratio (1.1x) compared to the Australian Metals and Mining industry average (1.1x).

What is DRE's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate DRE's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of DRE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate DRE's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine [[statistical confidence]] in agreement.

Dreadnought Resources (ASX:DRE) - Stock Price, News & Analysis

DRE Stock Overview

Operates as mineral exploration company in Australia. More details

DRE fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Makes less than USD$1m in revenue (A$0)

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year

Does not have a meaningful market cap (A$56M)

Dreadnought Resources Limited Competitors

Black Rock Mining

ASX:BKT

AU$56.3m

Nova Minerals

ASX:NVA

AU$56.2m

New World Resources

ASX:NWC

AU$56.8m

Aguia Resources

ASX:AGR

AU$55.6m

Price History & Performance

Summary of all time highs, changes and price drops for Dreadnought Resources
Historical stock prices
Current Share Price	AU$0.015
52 Week High	AU$0.038
52 Week Low	AU$0.014
Beta	0.55
11 Month Change	-11.76%
3 Month Change	-11.76%
1 Year Change	-53.13%
33 Year Change	-65.91%
5 Year Change	150.00%
Change since IPO	-99.35%

Recent updates

Shareholder Returns

	DRE	AU Metals and Mining	AU Market
7D	0%	1.6%	0.9%
1Y	-53.1%	-10.8%	18.4%

Return vs Industry: DRE underperformed the Australian Metals and Mining industry which returned -10.8% over the past year.

Return vs Market: DRE underperformed the Australian Market which returned 18.4% over the past year.

Price Volatility

Is DRE's price volatile compared to industry and market?
DRE volatility
DRE Average Weekly Movement	11.4%
Metals and Mining Industry Average Movement	11.0%
Market Average Movement	8.5%
10% most volatile stocks in AU Market	17.5%
10% least volatile stocks in AU Market	3.2%

Stable Share Price: DRE has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: DRE's weekly volatility (11%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2006	n/a	Dean Tuck	www.dreadnoughtresources.com.au

Dreadnought Resources Limited operates as mineral exploration company in Australia. It primarily explores for copper, nickel, gold, silver, cobalt, platinum group elements, rare earth elements, iron ore, and base metals. The company was formerly known as Tychean Resources Limited and changed its name to Dreadnought Resources Ltd in February 2019.

Dreadnought Resources Limited Fundamentals Summary

How do Dreadnought Resources's earnings and revenue compare to its market cap?
DRE fundamental statistics
Market cap	AU$56.29m
Earnings (TTM)	-AU$6.32m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-8.9x

P/E Ratio

Is DRE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DRE income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$6.32m
Earnings	-AU$6.32m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0017
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did DRE perform over the long term?

See historical performance and comparison

DRE Stock Overview

Risk Analysis

Dreadnought Resources Limited Competitors

ASX:BKT

AU$56.3m

ASX:NVA

AU$56.2m

ASX:NWC

AU$56.8m

ASX:AGR

AU$55.6m

Price History & Performance

Recent News & Updates

Dreadnought Resources Limited, Annual General Meeting, Nov 28, 2024

Dreadnought Resources Limited Announces Resignation of Dr. Robert as Non-Executive Director, Effective from 28 November 2024

Dreadnought Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3.71 million.

New minor risk - Share price stability

MD & Director exercised options and sold AU$220k worth of stock

Price target decreased by 65% to AU$0.07

Recent updates

Dreadnought Resources Limited, Annual General Meeting, Nov 28, 2024

Dreadnought Resources Limited Announces Resignation of Dr. Robert as Non-Executive Director, Effective from 28 November 2024

Dreadnought Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3.71 million.

New minor risk - Share price stability

MD & Director exercised options and sold AU$220k worth of stock

Price target decreased by 65% to AU$0.07

New minor risk - Share price stability

New major risk - Financial position

New major risk - Revenue and earnings growth

Dreadnought Resources Limited Receives Co-Funded Drilling Grant Under the Geological Survey of Western Australia's 100% Owned Mangaroon Ree-Nb-P-Ti-Sc Project Located in the Gascoyne Region of Western Australia

New minor risk - Market cap size

Dreadnought Resources Limited, Annual General Meeting, Nov 23, 2023

Price target decreased by 10% to AU$0.17

New minor risk - Market cap size

Price target decreased by 9.3% to AU$0.20

Dreadnought Resources Limited (ASX:DRE) signed a binding agreement to acquire Lead Gold Mine for AUD 0.25 million.

Dreadnought Resources Limited Appoints Debbie Fullarton as Chief Financial Officer, Effective 12 June 2023

Independent Non-Executive Director recently bought AU$482k worth of stock

Independent Non-Executive Director recently bought AU$242k worth of stock

Dreadnought Resources Limited Announces an Exploration Target for Yin Ironstone Complex At Mangaroon Project

Dreadnought Resources Limited Announces Assays from Reconnaissance Surface Sampling Have Confirms Unconformity HREE Mineralisation, Similar to the Browns Range Project, At the 100% Owned Bresnahan Project

Dreadnought Resources Limited Announces Mineralised Ree Ironstones Increased by 13Kms to 43Kms

Dreadnought Resources Limited Announces Discovery of Large-Scale REE-P2O5-Nb2O5-TiO2-Sc Mineralization at C3

Dreadnought Resources Limited Announces Y8 Rare Earth Ironstone Discovery Confirmed by Assays at Sabre and Y8

Dreadnought Resources Limited Announces Initial High-Grade, Independent Resource over 3Km At Yin Mangaroon (100%)

Dreadnought Resources Limited Announces Thick Mineralization Continues At C3

Dreadnought Resources Limited Announces Confirms REE-Nb-Ti-P Mineralised Carbonatite Intrusions At the C1-C5 Carbonatites

Dreadnought Resources Limited Announces High-Grade Assays At Yin REE Discovery

Dreadnought Resources Limited Announces Resignation of Ian Gordon as Non-Executive Director, Effective from 30 November 2022

Dreadnought Resources Limited Announces Assays and the Recommencement of FLEM Surveys At the Money Intrusion

Dreadnought Resources Limited Announces Successful Drill Results Across Multiple Metals

High number of new directors

Dreadnought Resources Limited (ASX:DRE) agreed to acquire Three tenements in Mangaroon for AUD0.51 million.

Dreadnought Resources Limited Announces Broad, High-Grade Assays At Yin Ree Discovery - Mangaroon

Dreadnought Resources Limited Announces Mineralised Carbonatites Discovered At C3 and C4 - Mangaroon

Dreadnought Resources Limited Announces Broad, High-Grade Assays At Yin Ree Discovery - Mangaroon Project in the Gascoyne Region of Western Australia

Dreadnought Resources Limited, Annual General Meeting, Nov 23, 2022

Dreadnought Resources Limited Announces Board Changes

Dreadnought Resources Limited (ASX:DRE) entered into an agreement to acquire Five Tenements in Mangaroon for AUD 2.9 million.

Dreadnought Resources Limited (ASX:DRE) agreed to acquire Five tenements located between rare earths project and the Mangaroon Project for AUD 2.8 million.

Dreadnought Resources Limited Further Assays Confirm Yin as Significant REE Discovery

Dreadnought Resources Limited Further Assays Confirm Yin as Significant REE Discovery

Dreadnought Resources Limited Announces that Infill RC Drilling has Continued to Intersect Thick, Mineralised, REE Ironstones at Yin, Within its 100% Owned Mangaroon Project in the Gascoyne Region of Western Australia

Dreadnought Resources Limited Announces That Results for All 1,695 Samples Have Been Received from Auger Work At Tarraji-Yampi, in the Kimberley Region of Western Australia

Dreadnought Resources Limited Announces Diamond Drilling Commenced At Yin Rare Earth Discovery - Mangaroon

Dreadnought Resources Limited (ASX:DRE) completed the acquisition of seven tenements in Evanston and Yerilgee Greenstone belts adjacent to Illaara from Arrow Minerals Limited (ASX:AMD).

Dreadnought Resources Limited Confirms the Preliminary Pxrf Results from the First Drill Line At the Yin Rare Earth Ironstone

Dreadnought Resources Limited Provides an Update on Mangaroon Project in the Gascoyne Region of Western Australia

Dreadnought Resources Limited Announces Exercise of Option Consolidates Ownership of the Illaara Project

Dreadnought Resources Limited Provides Update on Tarraji-Yampi Project

Dreadnought Resources Limited Announces Further Consolidation Around Cullen's Find Gold Trend

Dreadnought Resources Limited Announces First Drilling at Yin Intersects Shallow, Thick, High-Grade Rare Earths

Dreadnought Resources Limited Announces Successful Drilling Completed At Mangaroon Ni-Cu-PGE JV

Insufficient new directors

Dreadnought Resources Limited Announces Intersection of Magmatic Ni-Cu Sulphides at the Money Intrusion Prospect in Gascoyne Region of Western Australia

Dreadnought Resources Limited Announces Drilling Commenced at Mangaroon Project

Dreadnought Resources Limited Provides an Update on RC Drilling Activities at the Illaara Project in the Yilgarn Region of Western Australia

Insufficient new directors

Dreadnought Resources Limited Announces Commencement of Regional Auger Program - Tarraji-Yampi

Dreadnought Resources Provides an Update on RC Drilling Activities