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Updated 1h ago
BTR logo

Brightstar Resources LimitedASX:BTR Stock Report

Market Cap AU$620.3m
Updated 1h ago
Share Price
n/a
1Y18.9%
7D-0.9%
1D0%
Portfolio Value
​
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Brightstar Resources Limited

ASX:BTR Stock Report

Market Cap: AU$620.3m

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Brightstar Resources (BTR) Stock Overview

Engages in the exploration, development, and mining of gold properties in Australia. More details

BTR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health4/6
Dividends0/6

Rewards

Trading at 95.5% below our estimate of its fair value

Earnings are forecast to grow 90.64% per year

Risk Analysis

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year


BTR Community Fair Values

Create Narrative

See what 61 others think this stock is worth. Follow their fair value or set your own to get alerts.

Top Community Narratives

BTR logo
Brightstar Resources
75.2% undervalued intrinsic discount

Brightstar Resources, A$1 Billion FCF at A$6,000 Gold, 74% IRR Under Construction + 2.87Moz Free Optionality

View narrative
RO
RockeTeller
RockeTeller
Updated 19 Aug
Read Narrative

Top Community Narratives

BTR logo
Brightstar Resources
75.2% undervalued intrinsic discount

Brightstar Resources, A$1 Billion FCF at A$6,000 Gold, 74% IRR Under Construction + 2.87Moz Free Optionality

View narrative
RO
RockeTeller
RockeTeller
Updated 19 Aug
Read Narrative
View all narratives

Brightstar Resources Limited Competitors

Black Cat Syndicate

Symbol: ASX:BC8
Market cap: AU$758.0m

Focus Minerals

Symbol: ASX:FML
Market cap: AU$624.7m

New Murchison Gold

Symbol: ASX:NMG
Market cap: AU$934.3m

Maritana Minerals

Symbol: ASX:MRT
Market cap: AU$288.2m

Price History & Performance

Summary of share price highs, lows and changes for Brightstar Resources
Historical stock prices
Current Share PriceAU$0.56
52 Week HighAU$0.65
52 Week LowAU$0.28
Beta1.17
1 Month Change24.18%
3 Month Change82.26%
1 Year Change18.95%
3 Year Change88.33%
5 Year Change-19.29%
Change since IPO-89.98%

Recent News & Updates

User avatar
Narrative Update • Aug 19

(Deep Dive Series) Brightstar Resources: The $4.5 Billion Gold Producer in the Making, 75,000oz Annual Gold by 2027

In this deep dive series, we explore Brightstar Resources Limited (ASX:BTR) that is transitioning from small-scale producer to funded construction-stage developer with two major gold projects in Western Australia. Our research analyzes their Goldfields Project targeting first gold in June 2027, and their larger Sandstone Gold Project with 2.9Moz of resources.
User avatar
New Narrative • Aug 18

Brightstar Resources, A$1 Billion FCF at A$6,000 Gold, 74% IRR Under Construction + 2.87Moz Free Optionality

Brightstar Resources Limited (ASX:BTR) Introduction Brightstar Resources Limited is an emerging Western Australian gold company building two principal production centres: the Goldfields Project around Laverton and Menzies, and the larger Sandstone Gold Project. The company currently controls approximately 4.5 million ounces of gold resources across granted mining leases, comprising around 1.6Moz in the Goldfields and 2.9Moz at Sandstone.

Recent updates

User avatar
Narrative Update • Aug 19

(Deep Dive Series) Brightstar Resources: The $4.5 Billion Gold Producer in the Making, 75,000oz Annual Gold by 2027

In this deep dive series, we explore Brightstar Resources Limited (ASX:BTR) that is transitioning from small-scale producer to funded construction-stage developer with two major gold projects in Western Australia. Our research analyzes their Goldfields Project targeting first gold in June 2027, and their larger Sandstone Gold Project with 2.9Moz of resources.
User avatar
New Narrative • Aug 18

Brightstar Resources, A$1 Billion FCF at A$6,000 Gold, 74% IRR Under Construction + 2.87Moz Free Optionality

Brightstar Resources Limited (ASX:BTR) Introduction Brightstar Resources Limited is an emerging Western Australian gold company building two principal production centres: the Goldfields Project around Laverton and Menzies, and the larger Sandstone Gold Project. The company currently controls approximately 4.5 million ounces of gold resources across granted mining leases, comprising around 1.6Moz in the Goldfields and 2.9Moz at Sandstone.
Analysis Article • Mar 25

These Analysts Think Brightstar Resources Limited's (ASX:BTR) Earnings Are Under Threat

The latest analyst coverage could presage a bad day for Brightstar Resources Limited ( ASX:BTR ), with the analysts...
Analysis Article • Sep 13

Further Upside For Brightstar Resources Limited (ASX:BTR) Shares Could Introduce Price Risks After 34% Bounce

Those holding Brightstar Resources Limited ( ASX:BTR ) shares would be relieved that the share price has rebounded 34...
Analysis Article • Jun 26

Is Brightstar Resources (ASX:BTR) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Oct 21

Brightstar Resources (ASX:BTR) Has Debt But No Earnings; Should You Worry?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

BTRAU Metals and MiningAU Market
7D-0.9%-3.7%-1.5%
1Y18.9%39.8%0.03%

Return vs Industry: BTR underperformed the Australian Metals and Mining industry which returned 39.8% over the past year.

Return vs Market: BTR exceeded the Australian Market which returned 0% over the past year.

Price Volatility

Is BTR's price volatile compared to industry and market?
BTR volatility
BTR Average Weekly Movement11.4%
Metals and Mining Industry Average Movement11.2%
Market Average Movement9.8%
10% most volatile stocks in AU Market16.9%
10% least volatile stocks in AU Market4.0%

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

Volatility Over Time: BTR's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002n/aAlex Rovirabrightstarresources.com.au

Brightstar Resources Limited, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Australia. It holds 100% interest in the Laverton, Sandstone, and Menzies hubs located in Western Australia. The company was formerly known as Stone Resources Australia Limited and changed its name to Brightstar Resources Limited in December 2020.

Brightstar Resources Limited Fundamentals Summary

How do Brightstar Resources's earnings and revenue compare to its market cap?
BTR fundamental statistics
Market capAU$620.33m
Earnings (TTM)-AU$76.93m
Revenue (TTM)AU$64.14m
9.7x
P/S Ratio
-8.1x
P/E Ratio

Is BTR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BTR income statement (TTM)
RevenueAU$64.14m
Cost of RevenueAU$78.28m
Gross Profit-AU$14.14m
Other ExpensesAU$62.79m
Earnings-AU$76.93m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-0.07
Gross Margin-22.04%
Net Profit Margin-119.94%
Debt/Equity Ratio42.9%

How did BTR perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/09 23:03
End of Day Share Price 2026/09/09 00:00
Earnings2026/06/30
Annual Earnings2026/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 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 Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 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

Brightstar Resources Limited is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tim McCormackCanaccord Genuity
Thomas PrendivilleCanaccord Genuity
Andrew HinesShaw and Partners Limited

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