Ord Minnett sets AUD 2.20 target for Alkane Resources stock
Published on 10/17/2026 at 22:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and trading dates
- Ord Minnett kept a Buy rating and set an AUD 2.20 target in a report dated October 15, 2026.
- Alkane Resources will release September quarter results on October 23, 2026.
- Alkane Resources stock was last at EUR 1.06 at Tradegate on October 16, 2026 at 4:25 p.m. CEST; the ASX quote rose 4.09 percent from AUD 1.71.
- The ASX price-to-earnings ratio was 10.31 and market capitalization was AUD 2.4 billion on October 16, 2026.
Ord Minnett maintained a Buy rating on Alkane Resources and set an AUD 2.20 price target in a report dated October 15, 2026, putting the target 23.60 percent above the ASX price of AUD 1.78. The next company report is scheduled for October 23, 2026. Alkane Resources was last quoted at EUR 1.06 on Tradegate on October 16, 2026 at 4:25 p.m. CEST.
Target leaves room above ASX price
The target comparison is based on the Australian quotation. Alkane Resources last traded at AUD 1.78 on the ASX on October 16, 2026 at 4:14 p.m. AEDT, up 4.09 percent from AUD 1.71. The 52-week range was AUD 0.88 to AUD 2.02, leaving the stock 11.88 percent below the high.
The company operates in gold mining and reported a market capitalization of AUD 2.4 billion on October 16, 2026. Its price-to-earnings ratio was 10.31, while the dividend yield was 0.01 percent on the same date.
October 23 brings the next report
Globenewswire reported on October 8, 2026 that Alkane produced 40,740 gold-equivalent ounces in the September quarter and planned to release its detailed activities report on October 23, 2026. That release also listed closing cash and bullion of USD 440 million at the quarter end.
The date matters because the October report will provide the next operating checkpoint after the production update. The company also reiterated fiscal 2027 production guidance of 163,000 to 177,000 gold-equivalent ounces in the release.
Comparison with peers
Alkane Resources (ASX, AUD): plus 4.09 percent, P/E 10.31, market capitalization AUD 2.4 billion
Northern Star Resources (ASX, AUD): plus 3.25 percent, P/E 21.65, market capitalization AUD 35.8 billion
Evolution Mining (ASX, AUD): plus 3.03 percent, P/E 17.26, market capitalization AUD 25.8 billion
Trading levels and valuation
Alkane's ASX quotation was below the AUD 2.20 target cited by Ord Minnett, while its valuation multiple was lower than those of both named peers. The Tradegate quote provides a euro reference for German investors, but the Australian figures remain the company's primary market measures.
Alkane Resources stock was last at EUR 1.06 at Tradegate on October 16, 2026 at 4:25 p.m. CEST. The ASX quotation stood at AUD 1.78 on October 16, 2026 at 4:14 p.m. AEDT, up 4.09 percent from AUD 1.71.
Alkane Resources market data
- Company: Alkane Resources Limited
- ISIN: AU000000ALK9
- Ticker: ALK
- Primary exchange: ASX
- Price Tradegate (as of October 16, 2026, 4:25 p.m. CEST): EUR 1.06
- ASX price (as of October 16, 2026, 4:14 p.m. AEDT): AUD 1.78
- Market capitalization: AUD 2.4 billion (as of October 16, 2026)
- 52-week range: AUD 0.88-AUD 2.02 (as of October 16, 2026)
- Sector / Industry: Basic Materials / Gold
- Next earnings date: October 23, 2026
Market context: Market report S&P/ASX 200.
