Waratah Minerals (WTM) Stock Overview

Operates as a diversified minerals exploration company. More details

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

Risk Analysis

Shareholders have been substantially diluted in the past year

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

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

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Waratah Minerals Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Waratah Minerals
Historical stock prices
Current Share Price	AU$0.60
52 Week High	AU$0.83
52 Week Low	AU$0.42
Beta	2.29
1 Month Change	12.15%
3 Month Change	-3.61%
1 Year Change	-9.77%
3 Year Change	1,381.48%
5 Year Change	33.33%
Change since IPO	-80.00%

Recent updates

Shareholder Returns

	WTM	AU Metals and Mining	AU Market
7D	-7.7%	-3.7%	-2.9%
1Y	-9.8%	34.4%	-2.7%

Return vs Industry: WTM underperformed the Australian Metals and Mining industry which returned 34.5% over the past year.

Return vs Market: WTM underperformed the Australian Market which returned -2.6% over the past year.

Price Volatility

Is WTM's price volatile compared to industry and market?
WTM volatility
WTM Average Weekly Movement	10.1%
Metals and Mining Industry Average Movement	11.1%
Market Average Movement	9.6%
10% most volatile stocks in AU Market	16.7%
10% least volatile stocks in AU Market	3.9%

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

Volatility Over Time: WTM's weekly volatility (10%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2011	n/a	Peter Duerden	waratahminerals.com

Waratah Minerals Limited operates as a diversified minerals exploration company. It explores for copper, gold, and nickel deposits. The company holds a 100% interest in the Spur Project, consisting of EL5238 located in Central Western New South Wales; Stavely-Stawell Project comprising a single exploration license, EL6871 located in Western Victoria, Australia; and the Azura Project that consists of three granted exploration licenses, E80/4944, E80/5116, and E80/5347, and one application license, E80/5348, covering an area of approximately 258 square kilometers located in Western Australia.

Waratah Minerals Limited Fundamentals Summary

How do Waratah Minerals's earnings and revenue compare to its market cap?
WTM fundamental statistics
Market cap	AU$236.53m
Earnings (TTM)	-AU$31.39m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-7.5x

P/E Ratio

Is WTM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WTM income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$31.39m
Earnings	-AU$31.39m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	-0.081
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did WTM perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/13 05:45
End of Day Share Price	2026/09/11 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

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 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

Waratah Minerals Limited is covered by 1 analysts. 1 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
David Coates	Bell Potter

Waratah Minerals (WTM) Stock Overview

Risk Analysis

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Waratah Minerals Limited Competitors

Orion Minerals

Victory Metals

DevEx Resources

Northern Minerals

Price History & Performance

Recent News & Updates

New major risk - Revenue and earnings growth

Waratah Minerals Limited Announces Appointment of Johan Van Vuuren as Independent Non-Executive Director, Effective May 26, 2026

Waratah Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 48 million.

Waratah Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 48 million.

Waratah Minerals Limited, Annual General Meeting, May 25, 2026

Waratah Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 30.000001 million.

Recent updates

New major risk - Revenue and earnings growth

Waratah Minerals Limited Announces Appointment of Johan Van Vuuren as Independent Non-Executive Director, Effective May 26, 2026

Waratah Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 48 million.

Waratah Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 48 million.

Waratah Minerals Limited, Annual General Meeting, May 25, 2026

Waratah Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 30.000001 million.

New major risk - Shareholder dilution

MD & Director recently sold AU$2.5m worth of stock

Waratah Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 30.000001 million.

Waratah Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 8.375978 million.

Waratah Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 8.375984 million.

Waratah Minerals Limited, Annual General Meeting, May 28, 2025

Waratah Minerals Limited Announces Results from Its Ongoing RC Drilling Program At the Spur Gold-Copper Project, New South Wales

New minor risk - Share price stability

Less than half of directors are independent

Less than half of directors are independent

New major risk - Financial position

New major risk - Shareholder dilution

New minor risk - Insider selling

New major risk - Shareholder dilution

Waratah Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.

No independent directors

No independent directors

Waratah Minerals Limited, Annual General Meeting, Apr 16, 2024

No independent directors

New major risk - Shareholder dilution

Battery Minerals Limited (ASX:BAT) completed the acquisition of The Spur Project (EL5238) from Yanbulla Mining Pty Ltd.

No independent directors

Battery Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.56088 million.

Battery Minerals Limited (ASX:BAT) entered into a binding term sheet to acquire The Spur Project (EL5238) from Yanbulla Mining Pty Ltd for AUD 0.38 million.

No independent directors

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Shareholder Returns

Price Volatility

About the Company

Waratah Minerals Limited Fundamentals Summary

Earnings & Revenue

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources