Risk factor
Considerable default risk
Profitability factor
Very low or no dividends
About
Bellevue Gold Limited, along with its associated companies, is actively involved in the exploration and evaluation of gold deposits across Australia. The firm holds a 100% interest in several prominent projects, including the Bellevue gold project, which spans approximately 2,700 square kilometers northwest of Kalgoorlie in Western Australia. It also fully owns the 867 km² Yandal gold project and the Kathleen Valley gold project, both situated in Western Australia. Established in 2004, the company operated under the name Draig Resources Limited until it officially changed to Bellevue Gold Limited in July 2018. Its corporate headquarters are located in West Perth, Australia.
Company Valuation
From both historical and forecast perspectives, the stock is overpriced compared to similar stocks. Specifically, the stock is neutral on EV/EBITDA, overpriced on P/FC.
Target Price
The average target price of BGL.AX is 1.89 and suggests 16% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to incr