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EQR Shares EQ Resources Limited

ASX · ASX
$0.28 +3.70% Prices as of close 2026-10-27

Last in our picks 2026-10-26 — not in the current list; analysis below is from that screen

Tungsten exposure with high target upside and renewed broker support amid strategic supply constraints.

Future value: $0.55 (+103.70%) · 6-12 months

Signal breakdown

  • ▸Canaccord reiterated Buy with $0.55 target
  • ▾Below 50-day MA (-27.69%)
  • ▸~104% upside to price target

Is EQR a buy right now?

Trend: EQR is trading below the 50-day average (-24.32%), RSI 64 — neutral momentum, with a 3-month return of +12.00%.

Valuation & quality: EQ Resources Limited trades on forward P/E 28.0, PEG 0.54, price-to-book 9.33; fundamentals show net margin 4.3%, return on equity 7.5%, revenue growth 289.2% year on year.

Analyst consensus: 2 analysts have a mean 12-month price target of A$0.54 (+91.1% vs the last close; range A$0.52 – A$0.55), consensus rating “none”.

Our screen: BUY (score 3) — Tungsten exposure with high target upside and renewed broker support amid strategic supply constraints.

Computed from end-of-day data; not personal advice.

12-month price chart

0.50 0.19 FebMarAprMayJunJulAugSepOct
Daily close, 2026-02-08 → 2026-10-27 (AUD). Range 0.19 – 0.50.

Monthly returns

Mar 26Apr 26May 26Jun 26Jul 26Aug 26Sep 26Oct 26
+10.70%-12.90%-14.80%+26.10%-13.80%+72.00%-2.30%-33.30%

Fundamentals

Market cap
$1.45B
P/E (ttm)
27.0
Forward P/E
28.0
EPS (ttm)
$0.00
Price / book
9.33
PEG
0.54
Beta
0.47
Net margin
4.3%
ROE
7.5%
Revenue growth
289.2%
Revenue (ttm)
$165.4M
Free cash flow
$-25,382,876
Debt / equity
24%
52-wk range
$0.04 – $0.55
Volume
9,964,299
Avg volume (3m)
45,565,324

Analyst price target

Mean target
$0.54
Low
$0.52
High
$0.55
Analysts
2
Consensus
NONE

Technical signals

RSI (14)
63.5
vs 50-day MA
-24.32%
1-mo return
-34.12%
3-mo return
+12.00%
Volume z-score
-0.83

About EQ Resources Limited

EQ Resources Limited engages in the exploration, production, and sale of tungsten and mineral resources in Australia and Spain. The company also explores for gold deposits.

Sector: Basic Materials · Industry: Other Industrial Metals & Mining · Australia · Website

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General information only (Australia). This is general information, not financial product advice. It doesn't consider your objectives, financial situation or needs — consider its appropriateness and seek licensed advice before acting. Not a recommendation to buy or sell any financial product.

Market data from end-of-day feeds; AI-generated research for educational purposes only — not investment advice.