Greatland Resources stock gains 2.08 percent as profit surges

Published on 10/07/2026 at 03:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Greatland Resources stock was trading at AUD 10.33 on October 7, 2026, up 2.08 percent. Fiscal 2026 net income rose 156 percent to AUD 862.3 million.

Greatland Resources, AU0000397705, Illustration mit AI erstellt.

Greatland Resources stock (ISIN AU0000397705) was trading at AUD 10.33 on the ASX on October 7, 2026, up 2.08 percent from AUD 10.12. The move follows a fiscal 2026 result in which net income rose 156 percent to AUD 862.3 million, while revenue reached AUD 2.26 billion, according to Simply Wall St on October 6, 2026.

Profit growth resets the baseline

The annual figures mark a sharp change in scale for the gold and copper miner. Fiscal 2026 revenue of AUD 2.26 billion was paired with net income of AUD 862.3 million, giving investors two concrete measures of the Telfer-Havieron operation's contribution.

Production also exceeded the prior plan. The Motley Fool Australia reported on September 30, 2026, that Greatland produced 328,987 ounces of gold and 14,594 tonnes of copper in fiscal 2026 and exceeded its production and cost guidance.

Consensus target stays above AUD 13

The analyst picture remains constructive but wide. Investing.com listed a Buy consensus from 12 analysts on September 23, 2026, with an average 12-month target of AUD 13.28, a high of AUD 16.50 and a low of AUD 11.00.

Against the October 7 price of AUD 10.33, the average target lies 28.6 percent above the price. That gap gives the consensus a measurable upside case, while the AUD 11.00 low target shows that the range of views begins only AUD 0.67 above the current quote.

FY2027 guidance is the counterweight

Future production is the key counter-factor after the strong fiscal 2026 outcome. The Motley Fool Australia said on September 30, 2026, that Greatland shares had fallen on weaker fiscal 2027 production guidance, even as the company entered mid-tier gold and copper production.

For investors, the central question is now whether the higher earnings base can offset the lower production outlook. The answer depends on the balance between output, costs and the realized value of the Telfer-Havieron portfolio.

Greatland Resources stock trades above AUD 10

Greatland Resources stock was last at AUD 10.33 on the ASX on October 7, 2026, at 11:45 a.m. AEDT. Its 52-week range was AUD 6.73 to AUD 15.43, placing the quote AUD 5.10 below the high, while market capitalization stood at AUD 6.9 billion.