CAY Shares Canyon Resources Limited
ASX · ASXLast in our picks 2026-10-05 — not in the current list; analysis below is from that screen
Imaging and diagnostics stability may appeal, but upside looks more modest than higher-beta peers.
Future value: $0.15 (+226.09%) · 6-12 months · analyst consensus
Signal breakdown
- ▸Defensive earnings profile with limited but visible upside.
- ▾Below 50-day MA (-7.65%)
- ▾Near 52-week low (1.5% of range)
- ▸~226% upside to price target
Is CAY a buy right now?
Trend: CAY is trading below the 50-day average (-4.00%), RSI 47 — neutral momentum, with a 3-month return of -5.88%.
Valuation & quality: Canyon Resources Limited trades on forward P/E 2.4, price-to-book 1.14; fundamentals show net margin 0.0%, return on equity -14.3%, revenue growth 132.6% year on year.
Analyst consensus: 1 analysts have a mean 12-month price target of A$0.05 (+4.2% vs the last close; range A$0.05 – A$0.05), consensus rating “hold”.
Our screen: BUY (score 2) — Imaging and diagnostics stability may appeal, but upside looks more modest than higher-beta peers.
Computed from end-of-day data; not personal advice.
12-month price chart
Monthly returns
| Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 | Oct 26 |
|---|---|---|---|---|---|---|---|
| -17.60% | -7.10% | +0.00% | -30.80% | -44.40% | +0.00% | +0.00% | +0.00% |
Fundamentals
Analyst price target
Technical signals
About Canyon Resources Limited
Canyon Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral resources in Australia. The company mines for bauxite, alumina, and silica. Its flagship property is the 100% owned Minim Martap Bauxite project located in central Cameroon.
Sector: Basic Materials · Industry: Other Industrial Metals & Mining · Australia · Website
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Market data from end-of-day feeds; AI-generated research for educational purposes only — not investment advice.