Risk factor
Very high price volatility
Profitability factor
Undervalued vs peers
About
Carnaby Resources Limited engages in the exploration and development of mineral properties in Australia. The company explores for gold and copper deposits. It holds interests in the Pilbara Gold projects covering an area of approximately 442 square kilometers located in the Mallina Basin; Greater Duchess Copper-Gold projects located in Mount Isa Inlier, Queensland; and Yilgarn Margin Copper-Gold projects located in Western Australia. The company was formerly known as Berkut Minerals Limited. Carnaby Resources Limited was incorporated in 2016 and is based in Subiaco, Australia.
Company Valuation
Considering past and projected metrics, the stock is 'cheaper' than its peers. Specifically, the stock is undervalued on EV/EBITDA.
Target Price
The average target price of CNB.AX is 0.84 and suggests 51% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to incr
Buy
Sell