Fairfax Media network navigation

  • Home
  • Shares
  • Share details

SIRIUS RESOURCES NL (SIR)


Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

Sign Up Today » it's FREE! Already a member? Login now!


General Information
Company Name: Sirius Resources NL
Stock Code: SIR
Website: www.siriusresources.com.au
GICS Sub-Industry: Precious Metals & Minerals
Market Cap ($M): 627
Equiv. Shares (M): 225

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 2.610 $ 2.680 $ 2.720 $ 2.520 $ 2.790 843,168 $ -0.180  -6.452 %

Current Broker Consensus Recommendation more
Recommendation: Buy
Recommendation Date: 18th Apr 2013
12 Month Target Price (average): $4
Brokers Surveyed: 1

Company Overview

Business Description:
Sirius Resources NL (SIR) is an exploration company focusing on discovering gold, nickels and base metals located predominantly in Western Australia. SIR currently focuses on its flagship Fraser Range JV project.

Strategy Analysis:
Gold production is sourced from the company's 100% owned Norseman mines. Davyhurst is being placed on care and maintenance due to reserve exhaustion. Management will continue its aggressive exploration push to expand Norseman reserves and test any promising open pittable targets. The style of Norseman's mineralisation means the mine is unlikely to ever have a long reserve life ahead of it. Management has announced its intention to sell the Hannan South/Binduli operations but to date has been unsuccessful. Funds will be used to fast track expansion of gold production from Norseman through development of the Patrick's and Norseman reefs and through regional exploration.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  F -10.5 -3.9 -- -- -- 0.0 --
2013  F -2.5 -1.0 -- -- -- 0.0 --
2012  A -1.5 -1.0 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Flinders Mines (FMS) $87 M -- -- -- -- -- -- 0.0000 0.0000 0.0000
Mirabela Nickel (MBN) $140 M -- -- -- -- 27.5862 -- 0.0000 0.0000 0.0000
Orocobre (ORE) $165 M -- -- -- -- -- -- 0.0000 0.0000 0.0000
Sirius Resources (SIR) $568 M -- -- -- -- -- -- 0.0000 0.0000 0.0000

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
SIR 3.00 -- 28.6 10.00 --
Market 1.10 12.9 0.91 2.56 2.61
Sector 0.57 8.89 0.70 2.13 7.50

Directors
Name Position Start Date
Dr Mark Anthony Bennett Chief Executive Officer,Managing Director 31 August 2009
Ms Anna Neuling Chief Financial Officer,Company Secretary,Non-Executive Director 17 September 2012
Mr Jeff Dowling Non-Executive Chairman 28 February 2013
Mr Terrence (Terry) Ronald Grammer Non-Executive Director 25 June 2010
Mr Stephen John Lowe Non-Executive Director 12 July 2007
Mr Jeffery Foster Technical Director 31 August 2009

Management
Name Position
Sean Delaney Chief Finance Officer

Substantial Shareholders
Holding Name
43,228,993 (24.54%) Yandal Investments Pty Ltd

Calendar of Events
Date Event
23 April 2014 Report (Quarterly)
29 January 2014 Report (Quarterly)
30 October 2013 Report (Quarterly)
18 October 2013 Report (Annual)
18 July 2013 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

Advertisement

Trade Shares Online from $19.95^
Free Guides

The SMH Guide to Trading Forex

An educational booklet with information on becoming a successful trader, including essentials you need to learn and the skills you need to develop.

More details...

News

Consumer gloom spoils day for the big four

The Age 23/05/2013 | The local sharemarket closed lower for a second consecutive day, dragged down by the banks and a surprisingly poor consumer sentiment report.

Fairfax shareholders keen for news on Domain and paywalls

The Age 23/05/2013 | There is a great deal of anticipation for the investor day of Fairfax Media, owner of The Age and The Sydney Morning Herald.

RAMS offer sees shares on the rise

The Age 23/05/2013 | Non-bank lender Resimac has made a bid to acquire the remnants of mortgage firm RAMS in a joint proposal with former Babcock & Brown banker Trevor Loewensohn.

Myer all out to chase sales

The Age 23/05/2013 | Department store Myer will switch its focus from relentless cost-cutting to driving sales growth and grabbing a greater slice of the discretionary spend by shoppers.

Bureau signals end of boom in commodities

The Age 23/05/2013 | Australia's top commodities agency has detailed a year of woe for the local resources industry and joined the Reserve Bank in declaring the peak of investment in the sector.

Telstra to axe jobs in major shake-up

The Age 23/05/2013 | Significant job losses are expected at Telstra after the telco announced sweeping changes to its operational structure as it shifts away from its legacy business.

More...

Sponsored Links
Feedback Form