Ord Minnett sets AUD 2.20 target for Alkane Resources stock

Published on 10/15/2026 at 19:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due on October 23, 2026. Alkane Resources stock closed at AUD 1.71 on October 14, 2026, 22.27 percent below the AUD 2.20 target.

Analyst target and reporting date

Ord Minnett maintained a Buy rating and set an AUD 2.20 target on October 15, 2026.
Alkane Resources is scheduled to report first-quarter results on October 23, 2026.
Alkane Resources stock closed at AUD 1.71 on October 14, 2026, 22.27 percent below the AUD 2.20 target.
The company had a P/E ratio of 10.40 and market capitalization of AUD 2.4 billion as of October 15, 2026.

Alkane Resources, AU000000ALK9, Illustration mit AI erstellt.

Ord Minnett maintained a Buy rating on Alkane Resources and set an AUD 2.20 price target on October 15, 2026, according to Markets Insider. Against the ASX closing price of AUD 1.71 on October 14, 2026, the target implies 28.65 percent upside. Alkane Resources last closed at AUD 1.71 on October 14, 2026.

Results date gives the next marker

Alkane Resources is scheduled to report first-quarter fiscal 2027 results on October 23, 2026. Simply Wall St lists the reporting date and also records a five-analyst average target of AUD 2.30, up from AUD 2.09 on October 10, 2026. That average target stands 25.68 percent above the AUD 1.71 closing price.

Stock remains below the yearly high

The stock's 52-week range was AUD 0.88 to AUD 2.02 as of October 15, 2026. The October 14 closing price was 15.35 percent below the high and 94.32 percent above the low. Simply Wall St reported a market capitalization of AUD 2.4 billion and a P/E ratio of 10.40 in its October 15, 2026 update. The same update described Alkane as a gold exploration and production company operating in Australia.

Valuation and operating scale

Alkane reported fiscal 2026 revenue of AUD 935.8 million, net income of AUD 228.7 million and a 24.00 percent profit margin, with all three figures reported for the year ended June 30, 2026. Those figures came alongside earnings per share of AUD 0.18, compared with AUD 0.055 in fiscal 2025, as summarized by Simply Wall St. The comparison places the upcoming October 23 report against a high earnings base.

Comparison with peers

Alkane Resources (ASX, AUD): P/E 10.40, market capitalization AUD 2.4 billion
Ora Banda Mining (ASX, AUD): market capitalization AUD 2.6 billion
Catalyst Metals (ASX, AUD): market capitalization AUD 1.4 billion

Price position and next date

Edison Group listed AUD 1.71 as Alkane's last close on October 14, 2026 and identified November 5, 2026 as the annual meeting date. The company is listed on the ASX under the symbol ALK and operates gold assets including Tomingley, Costerfield and Bjorkdal.