BELLEVUE GOLD LIMITED (BGL)
Share Price Analysis and Chart

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BGL

BGL - BELLEVUE GOLD LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1.54
Index: ASX200 | ASX300 | ALL-ORDS

Bellevue Gold is an Australian gold producer. It is currently advancing the historic Bellevue gold mine in Western Australia, finding several new high grade lodes. The company listed on the ASX in 2005.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.485

30 Apr
2026

-0.110

OPEN

$1.55

-6.90%

HIGH

$1.55

8,194,631

LOW

$1.46

TARGET
$2.133 43.7% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
BGL: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 3.5 5.8 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 25.9 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

Last ex-div: 27/08 - (franking Ex-Div. 1c )

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-3.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx505.8 M
Book Value Per Share xxxxxxxxxxxxxxx55.6
Net Operating Cash Flow xxxxxxxxxxxxxxx127.9 M
Net Profit Margin xxxxxxxxxxxxxxx-9.07 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-6.65 %
Return on Invested Capital xxxxxxxxxxxxxxx-4.67 %
Return on Assets xxxxxxxxxxxxxxx-3.73 %
Return on Equity xxxxxxxxxxxxxxx-6.65 %
Return on Total Capital xxxxxxxxxxxxxxx7.81 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-62.8 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx6 M
Long Term Debt xxxxxxxxxxxxxxx336 M
Total Debt xxxxxxxxxxxxxxx342 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx152 M
Price To Book Value xxxxxxxxxxxxxxx1.62

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx192.1 M
Capex % of Sales xxxxxxxxxxxxxxx37.97 %
Cost of Goods Sold xxxxxxxxxxxxxxx407 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx20 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

1.0

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

30/04/2026

1

Buy

$2.05

38.05%

Bellevue Gold announced a robust 3Q26 update which resulted in a 20% rally in the share price. UBS highlights.

Stronger grades boosted output by around 30% with mining moving forward into Deacon Main. AISC were largely in line with year-to-date coming in at $2,912/oz, slightly above guidance.

The deleveraging and dehedging continues to progress, the broker notes while higher grades from emerging higher grade areas is expected to assist with lower AISCs.

Target slips to $2.05 from $2.10 with no change in Buy rating. EPS forecasts decline by -46% for FY26 due to hedging costs and lift by 19% for FY27.

FORECAST
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of 7.00 cents.
UBS forecasts a full year FY27 dividend of 0.00 cents and EPS of 26.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

29/04/2026

3

Neutral

$1.35

-9.09%

Jarden maintains a Neutral rating for Bellevue Gold and lifts the target price to $1.35 from $1.30 following the March quarter report.

Gold production reached 41koz for the period, with mined grades improving to 4.6g/t as operations transitioned into higher-grade stoping zones.

Revenue forecasts for 2026 were reduced by 11% to reflect the financial impact of an accelerated hedge book close-out, which could see the company become hedge-free by the end of the calendar year.

While processing costs and royalties were slightly higher than anticipated, robust development grades of 5.5g/t provide a positive leading indicator for grade sustainability through the second half.

Normalised earnings per share estimates for 2026 fall to 1.7 cents from 4.0 cents, though outer-year projections increase due to lower anticipated operating costs and a higher share of spot gold sales.

FORECAST
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.70 cents.
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 14.50 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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BGL STOCK CHART

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