Risk factor
Very high price volatility
Profitability factor
Favourable analyst view
About
Based in Subiaco, Australia, and established in 2003, Delta Lithium Limited (which operated as Red Dirt Metals Limited until its renaming in April 2023) specializes in identifying and advancing lithium resources throughout Western Australia. Its flagship asset is the Mt Ida lithium project, comprising thirty tenements situated to the northwest of Menzies. The company's operations also extend to the Yinnetharra lithium project, which covers an area of 575 square kilometers through four granted and three pending tenements located northeast of Gascoyne Junction. Additionally, Delta Lithium maintains a stake in the Eureka gold project, found north of Kalgoorlie, and the Earaheedy Basin project, encompassing 270 square kilometers east of Wiluna, all within Western Australia.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. Specifically, the stock is overvalued on EV/EBITDA, overpriced on P/FC.
Target Price
The average target price of DLI.AX is 0.34 and suggests 106% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc