Added to YB: 2026-06-11
Pitch date: 2026-06-08
SRB.L [bullish]
Serabi Gold plc
-5.86%
current return
Author Info
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Company Info
Serabi Gold plc engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.
Market Cap
GBP 333.5M
Pitch Price
GBP 3.33
Price Target
17.50 (+432%)
Dividend
1.52%
EV/EBITDA
2.87
P/E
5.04
EV/Sales
1.52
Sector
Metals and Mining
Category
value
Margin Explosion and Transformation to Mid-Tier Producer - Serabi Gold
SRB.L: Brazil-focused gold producer transforming to mid-tier. FY25 rev +65% to $155.8M, net income $53.9M (+94%), EPS $0.71. Debt-free, $64.4M cash, 22-28% FCF yield, 5.6-6.4x P/E. 2026 FCF $80-100M est, 20-30% returned via div/buybacks. Starboard PE took 25% stake. Coringa ramp to 60koz by 2027, but trial permit expires Jan 2027 (key regulatory catalyst). Risks: 2 fatal accidents Jan 2026, gold price sensitivity (AISC $2,293). Fair P/E 19.2, 3yr PT $27 (+438%).
Read full article (8 min)