Spartan Resources Future Growth

Future criteria checks 0/6

Spartan Resources is forecast to grow earnings at 45.6% per annum. EPS is expected to grow by 53.8% per annum.

Key information

45.6%

Earnings growth rate

53.8%

EPS growth rate

Metals and Mining earnings growth	8.9%
Revenue growth rate	n/a
Future return on equity	-15.0%
Analyst coverage	Low
Last updated	24 Jul 2024

Recent future growth updates

Recent updates

We're Not Very Worried About Spartan Resources' (ASX:SPR) Cash Burn Rate

Sep 27

Spartan Resources Limited's (ASX:SPR) Low P/S No Reason For Excitement

Jan 18

Improved Revenues Required Before Spartan Resources Limited (ASX:SPR) Stock's 26% Jump Looks Justified

Oct 06

Is Gascoyne Resources Limited (ASX:GCY) Popular Amongst Institutions?

Jan 20

Earnings and Revenue Growth Forecasts

ASX:SPR - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2026	N/A	-23	-132	-19	1
6/30/2025	N/A	-19	-68	-9	1
6/30/2024	N/A	-51	-38	-9	N/A
3/31/2024	0	-38	-39	-13	N/A
12/31/2023	0	-25	-39	-17	N/A
9/30/2023	29	-30	-39	-20	N/A
6/30/2023	57	-35	-40	-23	N/A
3/31/2023	107	-61	-24	-8	N/A
12/31/2022	157	-86	-8	6	N/A
9/30/2022	171	-84	1	16	N/A
6/30/2022	185	-81	10	25	N/A
3/31/2022	182	-92	9	36	N/A
12/31/2021	178	-102	9	46	N/A
9/30/2021	191	-73	10	61	N/A
6/30/2021	203	-44	11	75	N/A
3/31/2021	206	1	12	75	N/A
12/31/2020	209	47	13	75	N/A
9/30/2020	190	24	9	63	N/A
6/30/2020	171	2	5	51	N/A
3/31/2020	149	-38	-15	34	N/A
12/31/2019	126	-78	-35	16	N/A
9/30/2019	111	-92	-48	12	N/A
6/30/2019	96	-107	-62	9	N/A
3/31/2019	69	-76	-74	7	N/A
12/31/2018	42	-46	-87	5	N/A
9/30/2018	21	-23	-93	1	N/A
6/30/2018	0	-1	-99	-4	N/A
3/31/2018	0	-1	N/A	-4	N/A
12/31/2017	0	-1	N/A	-4	N/A
9/30/2017	0	-1	N/A	-3	N/A
6/30/2017	0	-1	N/A	-2	N/A
3/31/2017	0	-2	N/A	-2	N/A
12/31/2016	0	-3	N/A	-1	N/A
9/30/2016	0	-2	N/A	-1	N/A
6/30/2016	0	-1	N/A	0	N/A
3/31/2016	0	-2	N/A	0	N/A
12/31/2015	0	-3	N/A	0	N/A
9/30/2015	0	-3	N/A	0	N/A
6/30/2015	0	-3	N/A	0	N/A
3/31/2015	0	-2	N/A	0	N/A
12/31/2014	0	0	N/A	1	N/A
9/30/2014	0	-1	N/A	0	N/A
6/30/2014	0	-1	N/A	0	N/A
3/31/2014	0	-1	N/A	0	N/A
12/31/2013	0	-1	N/A	0	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SPR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SPR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if SPR's revenue is forecast to grow faster than the Australian market.

Spartan Resources Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Forecast to breakeven in 2025

Price target decreased to AU$0.40

Consensus forecasts updated

Price target decreased to AU$0.47

Consensus forecasts updated

Consensus forecasts updated

Recent updates

We're Not Very Worried About Spartan Resources' (ASX:SPR) Cash Burn Rate

High number of new and inexperienced directors

Spartan Resources Limited Announces Company Secretary Changes, Effective from 31 August 2024

Spartan Resources Limited Appoints Mark Hine as Director

New major risk - Revenue and earnings growth

Spartan Resources Limited Announces Resignation of Hansjoerg Plaggemars as A Non-Executive Director of the Company, Effective from 30 June 2024

MD, CEO & Executive Director recently sold AU$2.8m worth of stock

Spartan Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 80.277388 million.

Spartan Resources Limited Announces Board Changes

First half 2024 earnings released: AU$0.029 loss per share (vs AU$0.085 loss in 1H 2023)

New major risk - Financial position

Spartan Resources Limited's (ASX:SPR) Low P/S No Reason For Excitement

New major risk - Revenue and earnings growth

Spartan Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 25 million.

Spartan Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 25 million.

Improved Revenues Required Before Spartan Resources Limited (ASX:SPR) Stock's 26% Jump Looks Justified

Forecast to breakeven in 2025

Gascoyne Resources Limited Announces Company Secretary Changes

Gascoyne Resources Limited Announces the Appointment of Mr. John Hodder as a Non-Executive Director to the Board

First half 2023 earnings released: AU$0.085 loss per share (vs AU$0.11 loss in 1H 2022)

Less than half of directors are independent

Gascoyne Resources Limited Announces Calculate an Exploration Target for the Never Never Gold Deposit

Gascoyne Resources Limited Receives Exceptional New Assay Results Confirming the Scale and Significance of the High-Grade Never Never Gold Deposit

Now 22% undervalued after recent price drop

Gascoyne Resources Limited Announces Mining of New, Higher-Grade Ore Sources to Commence in November

Gascoyne Resources Limited Receives Assay Results from Dalgaranga Gold Project in Western Australia

Now 21% undervalued after recent price drop

E79 Gold Mines Limited (ASX:E79) acquired gold and mineral rights of E51/1681 from Gascoyne Resources Limited (ASX:GCY).

Price target decreased to AU$0.40

Gascoyne Resources Limited Announces Further Spectacular Assays from Near-Mine Resource Drilling at its Never Never Gold Deposit

Gascoyne Resources Limited Auditor Raises 'Going Concern' Doubt

Full year 2022 earnings: EPS misses analyst expectations

E79 Gold Mines Limited (ASX:E79) entering into a binding agreement to acquire gold and mineral rights of E51/1681 from Gascoyne Resources Limited (ASX:GCY) for AUD 0.15 million.

E79 Gold Mines Limited (ASX:E79) entering into a binding agreement to acquire gold and mineral rights of E51/1681 from Gascoyne Resources Limited (ASX:GCY) for AUD 0.15 million.

E79 Gold Mines Limited (ASX:E79) entering into a binding agreement to acquire gold and mineral rights of E51/1681 from Gascoyne Resources Limited (ASX:GCY) for AUD 0.15 million.

Gascoyne Resources Limited Updates 2022 Ore Reserve Statement

Gascoyne Resources Limited Intercepts Highlight Potential to Double Never Never Extent

Gascoyne Resources Limited Presents Its 2022 Mineral Resource Statement

Gascoyne Resources Limited Announces Exceptional New Intercept Extends Never Never At Depth

Gascoyne Resources Limited Announces Exceptional New Intercept Extends Never Never At Depth

Gascoyne Resources Limited Provides Production Update

Gascoyne Resources Limited, Annual General Meeting, Nov 03, 2022

Consensus forecasts updated

Gascoyne Resources Limited Announces Discovery of High-Grade Gold at Dalgaranga

Gascoyne Resources Limited Reports Further Significant Drill Intercepts from Ongoing Resource Drilling Programs At the Gilbey's East Prospect

Gascoyne Resources Limited Announces Gilbey's North High-Grade Zone Extended

Gascoyne Resources Limited Announces Exceptional New Intercept At Gilbey's North Discovery

Price target decreased to AU$0.47

Gascoyne Resources Limited Announces Exceptional New Intercept at Gilbey's North Discovery

Gascoyne Resources Limited Announces Multiple High-Grade Zones Intersected in Gilbey's Footwall Area At Dalgaranga Gold Project in Western Australia

Capricorn Metals Ltd (ASX:CMM) signed a binding agreement to acquire Mumbakine Well Project from Gascoyne Resources Limited (ASX:GCY) for Approximately AUD 5 million.

Less than half of directors are independent

Gascoyne Resources Limited Appoints Rowan Johnston as Non-Executive Chair

First half 2022 earnings: EPS exceeds analyst expectations

Gascoyne Resources Limited Reports New Highly Encouraging Drill Results from Near-Mine Exploration at the 100%-Owned Dalgaranga Gold Project in Western Australia

Gascoyne Resources Limited to Report Further Highly Encouraging Drilling Results

Consensus forecasts updated

Gascoyne Resources Limited Announces Near-Mine Exploration Delivers Breakthrough with Discovery Immediately North of Gilbey's Pit

Gascoyne Resources Limited Announces Executive Changes

Consensus forecasts updated

Consensus forecasts updated

Gascoyne Resources Limited Accelerates Strategy to Unlock New Higher-Grade Near-Mine Ore Sources At Dalgaranga

Gascoyne Resources Limited Reports Updated Mineral Resource for the Yalgoo Gold Project

Less than half of directors are independent

Westgold Resources Limited (ASX:WGX) made an offer to acquire Gascoyne Resources Limited (ASX:GCY) for AUD 105 million.

Full year 2021 earnings released

Gascoyne Resources Limited (ASX:GCY) have entered into a binding Scheme Implementation Deed to acquire Firefly Resources Limited (ASX:FFR) for AUD 38.7 million

Gascoyne Resources Limited Provides Update on Exploration Activities At Exploration Projects in Western Australia

Consensus EPS estimates fall to -AU$0.11