Rankings Commodities & uranium Regulus Resources
Regulus Resources
53
15070100
A view of the same findings, not a new score. How it works
A good business with a real question mark: the price, a crack, or both.
Biggest deductions
- Margin−8
- Project quality and studies−8
- Price versus peers and resource−8
Strengths
- Strategic owners and partners+3
- Resource potential+1
How the score is built
From 100 to 53, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 2 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 4.56 CAD
- Median analyst target
- –
- Upside to median
- –
- Analysts
- none
- Target range
- –
- 52-week change
- +45%
- P/E (trailing)
- n/a
- Forward P/E
- n/a
- PEG
- n/a
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 3 findings−18 of −30
- −8MarginNo revenue; net loss −2.6m CAD and FCF −6.5m TTM. Low burn, but no earnings in sight before a production decision that is many years away. The loss is counted only here.
- −8Project quality and studiesThe public resource dates from 2019: 250 Mt indicated at 0.48% Cu, 0.29 g/t Au and 7.5 g/t Ag, plus 267 Mt inferred at 0.41% Cu. It is a large, low-grade deposit with no PEA or PFS, and the best development case requires integration with its neighbour Coimolache, whose results may not be published without joint consent.
- −2Capital allocationLow dilution (+0.7% in a year) and sensible royalty agreements with Osisko, but cash has been drained to CAD 3.55m with no financing plan published.
Price
Today's multiples against the company's own history and its peers. · 1 finding−8 of −35
- −8Price versus peers and resourceEV about CAD 621m corresponds to about CAD 0.12 (USD 0.09) per pound of copper in the public resource (about 5.1bn lb) with no studies. Los Andes Copper, which has a PFS on Vizcachitas, has an EV of CAD 371m. P/B 9.2, and the share price is up 91% in a year.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 5 findings−19 of −35
- −5Liquidity and fundingCash 3.55m CAD as of 30 Jun 2026 with a burn of approx. 2.6m per quarter (Q3 FY26), i.e. only approx. four months of runway. No offering has been announced through 11 Oct 2026, so a new offering or other financing is imminent.
- −6Dependence on CoimolacheThe PEA is only an option that requires a joint decision with Coimolache. Regulus cannot give a timeline and will not update the market until a decision has been made, and the CEO does not expect the resource report to be published.
- −5Permits and local communitiesThe company is still working to obtain permits from the Tingo community and the authorities for more drilling on the Gold Fields claims, and the resource estimate was delayed by disagreement over geology and classification. Cajamarca is a region with significant social risk for large mines.
- −2Low liquidity in the stockAverage turnover is approx. 37,000 shares a day (approx. 0.18m CAD), and free float is 84.5m of 125.7m shares.
- −1GovernanceShareholder rights plan (poison pill) adopted on 30 Mar 2026, which can make a takeover bid more expensive for a buyer building a stake above 20%.
Plus
Only documented strengths. · 2 findings+4 of +15
- +3Strategic owners and partnersRoute One (about 22%) and Nuton/Rio Tinto (about 16%) became major shareholders in 2023, Nuton is testing bioleaching at AntaKori, and Osisko has paid USD 12.5m (2020) and USD 5m (2022) for royalties, so total royalties are capped at 1.5%.
- +1Resource potentialThe mineralisation is open in most directions, and 31,667 m have been drilled since the 2019 resource.
Caveats
What the score does not capture, or where the data is weak.
Penny deep dive (the price of DKK 23.07 is above DKK 3). Copper-gold explorer with the AntaKori project in Cajamarca, Peru, next to Coimolache's Tantahuatay mine (Buenaventura/Southern Copper). A price of CAD 4.97 and 125.68m shares (stockanalysis 10/10-2026) give a market cap of about CAD 625m; Nordnet showed DKK 2,842m. The fiscal year runs from October to September, so the latest figures are at 30/6-2026 (cash only CAD 3.55m). No offering has been found in 2026 (the news list ends 3/7-2026), so money must have been raised or an offering is imminent. The only public resource is from 2019 (AntaKori claims only); the integrated resource from June 2026 has not been published and may never be. No PEA, PFS or FS. Short data does not exist for TSXV.
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