BANNERMAN ENERGY LIMITED (BMN)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

BMN

BMN - BANNERMAN ENERGY LIMITED

FNArena Sector : Uranium
Year End: June
GICS Industry Group : Energy
Debt/EBITDA: -0.01
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.21

25 Jun
2026

-0.180

OPEN

$3.39

-5.31%

HIGH

$3.39

575,481

LOW

$3.19

TARGET
$4.917 53.2% upside
OTHER COMPANIES IN THE SAME SECTOR
1AE . AEE . AEU . AGE . AKN . ASN . BKY . BOE . BSN . C29 . CXO . CXU . DEV . DYL . EL8 . EL8 . ERA . HAR . I88 . KOB . LAM . LOT . MEU . NXG . ORP . PDN . PEN . SLX . TOE . WCN .
FNARENA'S MARKET CONSENSUS FORECASTS
BMN: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 2.3 - 2.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx-4.0
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx129.8
Net Operating Cash Flow xxxxxxxxxxxxxxx-7.6 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx-3.59 %
Return on Invested Capital xxxxxxxxxxxxxxx-3.58 %
Return on Assets xxxxxxxxxxxxxxx-3.42 %
Return on Equity xxxxxxxxxxxxxxx-3.59 %
Return on Total Capital xxxxxxxxxxxxxxx-4.14 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-47.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx2 M
Total Debt xxxxxxxxxxxxxxx2 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx65 M
Price To Book Value xxxxxxxxxxxxxxx2.42

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx65.0 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx9 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

25/05/2026

1

Outperform

$5.55

72.90%

Bannerman Energy and Deep Yellow ((DYL)) remain the preferred developer exposure for Macquarie with Etango moving to its final investment decision.

The Chair of Bannerman presented to the Macquarie Asia Conference detailing his view that U308 prices could move upwards of around US$120/lb to boost more greenfield developments versus the TradeTech Long-term price indicator of US$93/lb.

The broker is forecasting a US$95/lb long-term price but sees share price volatility as the major issue for developers currently.

The partnership with CNNC is believed to considerably lower Bannerman's funding needs.

Outperform retained with a $5.55 target price. EPS forecasts are tweaked up by 1.4% for FY26 and 1% for FY27.

FORECAST
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.60 cents.
Macquarie forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -1.10 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

05/05/2026

1

Speculative Buy

$5.80

80.69%

Canaccord Genuity maintains a Speculative Buy rating for Bannerman Energy with an unchanged $5.80 target price following a quarter labeled as of significant operational and strategic progress.

The company is advancing site preparations at its Etango uranium project in Namibia, with bulk earthworks now 66.5% complete and critical infrastructure, including water supply pipelines and power agreements, ahead of schedule.

A major strategic milestone was reached with the CNNC transaction, which remains on track for mid-2026 completion and is expected to leave the project fully funded to first production via a US$294.5m subscription.

The broker highlights Bannerman Energy will retain majority control and full operating oversight, keeping approximately 40% of life-of-mine production for independent sale to capitalise on sustained utility interest.

With a debt-free construction pathway and high leverage to U3O8 prices, the broker views the company as providing one of the cleanest exposures to the global nuclear energy thematic.
Access Extra Coverage Research History >

BMN STOCK CHART

FNArena News on BMN

Latest Uranium News

1
Uranium Week: Mid-Term Price Pullback

Jun 07 2022 - Weekly Reports
2
Uranium Week: Follow The Leader

Jun 01 2022 - Weekly Reports
3
Uranium Week: Taking Advantage

May 24 2022 - Weekly Reports
4
Uranium Week: A Tale Of Two Markets

May 17 2022 - Weekly Reports
5
Uranium Week: Anxious Buyers

May 10 2022 - Weekly Reports
6
Uranium Week: Volatility And Uncertainty

May 03 2022 - Weekly Reports
7
Uranium Week: Speculation Implication

Apr 27 2022 - Weekly Reports
8
Uranium Week: Supply Deficit

Apr 20 2022 - Weekly Reports
9
Paladin Energy: Multi-Month Rally

Apr 19 2022 - Technicals
10
Uranium Week: Not Waiting For Sanctions

Apr 12 2022 - Weekly Reports