Latest news with #BellevueGoldLimited
Business Insider
15-05-2025
- Business
- Business Insider
Positive Report for Bellevue Gold Limited (BGL) from Bell Potter
Bell Potter analyst Brad Watson upgraded Bellevue Gold Limited (BGL – Research Report) to a Buy today and set a price target of A$1.15. The company's shares closed today at A$0.88. Confident Investing Starts Here: Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Watson is a 3-star analyst with an average return of 5.4% and a 50.59% success rate. Watson covers the Basic Materials sector, focusing on stocks such as Gold Road Resources Ltd, Northern Star Resources Ltd, and Mineral Resources Limited. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bellevue Gold Limited with a A$1.26 average price target, which is a 44.00% upside from current levels. In a report released on May 2, J.P. Morgan also initiated coverage with a Buy rating on the stock with a A$1.00 price target. Based on Bellevue Gold Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$222.34 million and a net profit of A$12.06 million. In comparison, last year the company earned a revenue of A$49.06 million and had a net profit of A$2.19 million
Business Insider
02-05-2025
- Business
- Business Insider
Goldman Sachs Remains a Buy on Bellevue Gold Limited (BGL)
In a report released on April 29, Hugo Nicolaci from Goldman Sachs maintained a Buy rating on Bellevue Gold Limited (BGL – Research Report), with a price target of A$1.15. The company's shares closed today at A$0.88. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Nicolaci is a 5-star analyst with an average return of 18.7% and a 65.82% success rate. Nicolaci covers the Basic Materials sector, focusing on stocks such as Pilbara Minerals , Northern Star Resources Ltd, and Evolution Mining . In addition to Goldman Sachs, Bellevue Gold Limited also received a Buy from RBC Capital's Alex Barkley in a report issued on April 16. However, yesterday, Jarden maintained a Sell rating on Bellevue Gold Limited (ASX: BGL). Based on Bellevue Gold Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$222.34 million and a net profit of A$12.06 million. In comparison, last year the company earned a revenue of A$49.06 million and had a net profit of A$2.19 million
Yahoo
22-04-2025
- Business
- Yahoo
Bellevue Gold Limited (ASX:BGL) is favoured by institutional owners who hold 63% of the company
Given the large stake in the stock by institutions, Bellevue Gold's stock price might be vulnerable to their trading decisions 51% of the business is held by the top 8 shareholders Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. If you want to know who really controls Bellevue Gold Limited (ASX:BGL), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 63% to be precise, is institutions. Put another way, the group faces the maximum upside potential (or downside risk). Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute. Let's take a closer look to see what the different types of shareholders can tell us about Bellevue Gold. Check out our latest analysis for Bellevue Gold Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that Bellevue Gold does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Bellevue Gold's earnings history below. Of course, the future is what really matters. Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Hedge funds don't have many shares in Bellevue Gold. BlackRock, Inc. is currently the company's largest shareholder with 17% of shares outstanding. With 6.5% and 5.8% of the shares outstanding respectively, Van Eck Associates Corporation and State Street Global Advisors, Inc. are the second and third largest shareholders. We also observed that the top 8 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our most recent data indicates that insiders own some shares in Bellevue Gold Limited. It has a market capitalization of just AU$1.2b, and insiders have AU$39m worth of shares, in their own names. This shows at least some alignment. You can click here to see if those insiders have been buying or selling. The general public, who are usually individual investors, hold a 32% stake in Bellevue Gold. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. While it is well worth considering the different groups that own a company, there are other factors that are even more important. I always like to check for a history of revenue growth. You can too, by accessing this free chart of historic revenue and earnings in this detailed graph. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
06-03-2025
- Business
- Yahoo
We Think That There Are Issues Underlying Bellevue Gold's (ASX:BGL) Earnings
Bellevue Gold Limited (ASX:BGL) announced strong profits, but the stock was stagnant. Our analysis suggests that shareholders have noticed something concerning in the numbers. Check out our latest analysis for Bellevue Gold One essential aspect of assessing earnings quality is to look at how much a company is diluting shareholders. As it happens, Bellevue Gold issued 9.0% more new shares over the last year. That means its earnings are split among a greater number of shares. To talk about net income, without noticing earnings per share, is to be distracted by the big numbers while ignoring the smaller numbers that talk to per share value. You can see a chart of Bellevue Gold's EPS by clicking here. Bellevue Gold was losing money three years ago. Zooming in to the last year, we still can't talk about growth rates coherently, since it made a loss last year. But mathematics aside, it is always good to see when a formerly unprofitable business come good (though we accept profit would have been higher if dilution had not been required). So you can see that the dilution has had a bit of an impact on shareholders. In the long term, if Bellevue Gold's earnings per share can increase, then the share price should too. However, if its profit increases while its earnings per share stay flat (or even fall) then shareholders might not see much benefit. For the ordinary retail shareholder, EPS is a great measure to check your hypothetical "share" of the company's profit. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Bellevue Gold issued shares during the year, and that means its EPS performance lags its net income growth. Because of this, we think that it may be that Bellevue Gold's statutory profits are better than its underlying earnings power. On the bright side, the company showed enough improvement to book a profit this year, after losing money last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. While it's really important to consider how well a company's statutory earnings represent its true earnings power, it's also worth taking a look at what analysts are forecasting for the future. So feel free to check out our free graph representing analyst forecasts. This note has only looked at a single factor that sheds light on the nature of Bellevue Gold's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
18-02-2025
- Business
- Yahoo
Bellevue Gold Limited's (ASX:BGL) Intrinsic Value Is Potentially 49% Above Its Share Price
Bellevue Gold's estimated fair value is AU$1.82 based on 2 Stage Free Cash Flow to Equity Bellevue Gold's AU$1.23 share price signals that it might be 33% undervalued Our fair value estimate is 16% higher than Bellevue Gold's analyst price target of AU$1.57 Does the February share price for Bellevue Gold Limited (ASX:BGL) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by projecting its future cash flows and then discounting them to today's value. We will use the Discounted Cash Flow (DCF) model on this occasion. Believe it or not, it's not too difficult to follow, as you'll see from our example! Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. View our latest analysis for Bellevue Gold We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (A$, Millions) AU$43.2m AU$144.7m AU$210.4m AU$265.0m AU$202.0m AU$168.5m AU$150.4m AU$140.3m AU$134.8m AU$132.3m Growth Rate Estimate Source Analyst x4 Analyst x4 Analyst x4 Analyst x2 Analyst x1 Est @ -16.56% Est @ -10.77% Est @ -6.72% Est @ -3.88% Est @ -1.90% Present Value (A$, Millions) Discounted @ 7.8% AU$40.1 AU$124 AU$168 AU$196 AU$139 AU$107 AU$88.8 AU$76.9 AU$68.5 AU$62.4 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = AU$1.1b The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.7%. We discount the terminal cash flows to today's value at a cost of equity of 7.8%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = AU$132m× (1 + 2.7%) ÷ (7.8%– 2.7%) = AU$2.7b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= AU$2.7b÷ ( 1 + 7.8%)10= AU$1.3b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is AU$2.3b. The last step is to then divide the equity value by the number of shares outstanding. Compared to the current share price of AU$1.2, the company appears quite undervalued at a 33% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent. Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Bellevue Gold as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.8%, which is based on a levered beta of 1.170. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. Strength Debt is not viewed as a risk. Weakness No major weaknesses identified for BGL. Opportunity Annual earnings are forecast to grow faster than the Australian market. Trading below our estimate of fair value by more than 20%. Threat Revenue is forecast to grow slower than 20% per year. Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. It's not possible to obtain a foolproof valuation with a DCF model. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. Can we work out why the company is trading at a discount to intrinsic value? For Bellevue Gold, we've compiled three essential aspects you should assess: Risks: You should be aware of the 1 warning sign for Bellevue Gold we've uncovered before considering an investment in the company. Future Earnings: How does BGL's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the ASX every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
