Bellevue Gold Limited (BELGF) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
Market cap $1.71B is the value of all shares combined. Beta 1.58: the stock has moved about 58% more than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 17, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerBellevue Gold Limited (BELGF) trades at $1.15. Bellevue Gold Limited is an Australian gold exploration company focused on developing its flagship Bellevue Gold Project. Market cap: $1.71B, Sector: Basic materials.
Price as of Sep 11, 2026 · Last analyzed: Mar 17, 2026Analyst Coverage for BELGF: BELGF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates BELGF against Basic Materials peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
These figures come from statements filed 15 months ago — the most recent this company has published.
No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.
BELGF: 1/2 scored disciplines lean bullish. Dominant signal: Ken Griffin bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Bellevue Gold Limited (BELGF) Materials & Commodity Exposure
Bellevue Gold Limited, an Australian gold exploration company, focuses on its Bellevue Gold Project, holding a 100% interest in approximately 2,700 km2 of land. With a negative P/E ratio and a modest gross margin, the company is navigating the development phase towards potential future profitability in the gold sector.
What Is the Investment Thesis for BELGF?
Bellevue Gold Limited presents an investment proposition centered on its Bellevue Gold Project. With a market capitalization of $1.71B, the company is positioned to potentially benefit from rising gold prices and successful project execution. Key value drivers include the expansion of the resource base through ongoing exploration and the efficient development of the Bellevue Gold Project towards commercial production. Upcoming catalysts include the progression of the project through feasibility studies and construction milestones. However, the company's negative P/E ratio of -42.36 and a negative profit margin of -10.0% highlight the risks associated with pre-production mining companies, including operational challenges and commodity price volatility. The high beta of 1.58 suggests that the stock is more volatile than the broader market.
Based on FMP financials and quantitative analysis
BELGF Key Highlights
Market Cap of $1.71B reflects investor confidence in the potential of the Bellevue Gold Project.
- Negative P/E ratio of -42.36 indicates the company is currently not profitable, typical for exploration-stage mining companies.
- Gross Margin of 16.3% shows the potential for profitability once production commences and costs are optimized.
- Beta of 1.58 suggests higher volatility compared to the market, common for junior mining stocks.
- 100% ownership of the Bellevue gold project covering approximately 2,700 km2 provides significant exploration and development upside.
Who Are BELGF's Competitors?
BELGF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| ALKEF Alkane Resources Limited | $1.30 | -4.41% | $1.78B | 569-signal |
| ESGFF Ora Banda Mining Limited | $0.96 | 0.00% | $1.85B | — |
| MFRVF Minera Frisco, S.A.B. de C.V. | $1.28 | 0.00% | $7.74B | — |
| MNSAF Mineros S.A. | $6.41 | +2.63% | $1.90B | — |
| PDIYF Predictive Discovery Limited | $3.21 | -72.33% | $8.70B | 399-signal |
| ORZCF Orezone Gold Corporation | $2.03 | +3.67% | $1.36B | 579-signal |
| RMGGF Resolute Mining Limited | $1.01 | +5.21% | $2.16B | 579-signal |
| DRD DRDGOLD Limited | $27.11 | -3.56% | $2.34B | 995-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.
What Are BELGF's Key Strengths?
Large landholding in a prospective gold region.
- 100% ownership of the Bellevue Gold Project.
- Experienced management team.
- Potential for resource expansion.
What Are BELGF's Weaknesses?
Pre-revenue stage with no current gold production.
- Negative profitability and cash flow.
- Reliance on external funding for project development.
- Exposure to gold price volatility.
What Could Drive BELGF Stock Higher?
Completion of the Bellevue Gold Project's construction phase.
- Commencement of gold production at the Bellevue Gold Project.
- Exploration results from ongoing drilling programs.
- Feasibility studies for expansion of the resource base.
- Securing additional financing for project development.
What Are the Key Risks for BELGF?
Negative return on equity (-6.7%) — the business is not currently generating profit on shareholder capital.
- Gold price volatility impacting project economics.
- Operational challenges during mine development and production.
- Environmental regulations and permitting delays.
- Funding risks associated with project development.
- Currency exchange rate fluctuations affecting profitability.
What Are the Growth Opportunities for BELGF?
- Expansion of Resource Base: Ongoing exploration activities at the Bellevue Gold Project and surrounding tenements offer the potential to significantly increase the company's resource base. Successful exploration could lead to higher production rates and a longer mine life, enhancing the project's economic viability. The company's extensive landholding provides ample opportunities for new discoveries and resource extensions, potentially adding substantial value. This growth is contingent on exploration success and favorable geological conditions.
- Project Development Milestones: Advancing the Bellevue Gold Project through feasibility studies, permitting, and construction represents a significant growth opportunity. Achieving key milestones on schedule and within budget will de-risk the project and attract further investment. Successful project development will transform Bellevue Gold from an exploration company into a gold producer, generating revenue and cash flow. This growth is dependent on effective project management and access to capital.
- Technological Advancements: Implementing advanced mining and processing technologies can improve efficiency, reduce costs, and enhance environmental performance. Bellevue Gold can leverage innovations in areas such as automation, data analytics, and ore sorting to optimize its operations and maximize resource recovery. Adopting new technologies can also improve safety and reduce the environmental footprint of the project. This growth is subject to the availability and adoption of suitable technologies.
- Strategic Acquisitions: Acquiring additional gold projects or companies in the region could provide Bellevue Gold with synergies, economies of scale, and access to new resources. Strategic acquisitions can expand the company's production profile and diversify its asset base. However, acquisitions must be carefully evaluated to ensure they are accretive to shareholder value and align with the company's overall strategy. This growth is contingent on identifying and executing suitable acquisition opportunities.
- Rising Gold Prices: An increase in the price of gold would directly benefit Bellevue Gold by increasing the value of its resources and the potential profitability of its projects. Higher gold prices would improve the economics of the Bellevue Gold Project and make it more attractive to investors. However, gold prices are volatile and subject to macroeconomic factors, so this growth opportunity is dependent on external market conditions.
What Are BELGF's Competitive Advantages?
- Strategic landholding in a proven gold-producing region.
- 100% ownership of key gold projects.
- Experienced management team with a track record of exploration success.
- Potential for low-cost gold production.
What Does BELGF Do?
Bellevue Gold Limited, formerly known as Draig Resources Limited, was incorporated in 2004 and rebranded in July 2018 to reflect its strategic focus on gold exploration and development. The company is headquartered in West Perth, Australia, and operates with a team of 210 employees. Bellevue Gold's primary asset is the Bellevue gold project, a substantial landholding of approximately 2,700 km2 located to the north-west of Kalgoorlie, Western Australia. Additionally, the company holds a 100% interest in the Yandal gold project, covering 867 km2, and the Kathleen Valley gold project, both situated in Western Australia. These projects are central to Bellevue Gold's strategy of discovering and developing high-quality gold resources. The company is currently focused on advancing the Bellevue Gold Project towards production, aiming to become a significant gold producer in the region. The company's evolution reflects a commitment to strategic asset acquisition and focused exploration efforts within the Australian gold sector.
What Products and Services Does BELGF Offer?
- Explores and evaluates gold properties in Australia.
- Holds a 100% interest in the Bellevue gold project.
- Manages the Yandal gold project.
- Oversees the Kathleen Valley gold project.
- Focuses on advancing the Bellevue Gold Project towards production.
- Conducts drilling and resource estimation activities.
- Undertakes feasibility studies and project development planning.
How Does BELGF Make Money?
- Acquires and explores prospective gold properties.
- Develops gold resources through drilling and resource estimation.
- Secures funding for project development through equity and debt financing.
- Aims to generate revenue through gold production and sales.
What Industry Does BELGF Operate In?
Bellevue Gold Limited operates within the Australian gold mining industry, a sector characterized by intense competition and significant capital investment. The company's focus on the Bellevue Gold Project places it among other gold exploration and development companies vying to bring new resources into production. The industry is influenced by global gold prices, geopolitical factors, and environmental regulations. Bellevue Gold's success depends on its ability to efficiently manage costs, expand its resource base, and navigate the regulatory landscape. The Australian gold sector is known for its high-quality deposits and stable political environment, making it an attractive destination for mining investment.
Who Are BELGF's Key Customers?
- Not applicable at this stage as the company is pre-revenue.
- Future customers will be gold refineries and bullion dealers.
- Potential partnerships with other mining companies for processing and sales.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● Reported in AUD, converted to USD
MoonshotScore History
Recorded daily since 2026-08-23 · 19 snapshots
| 2026-08-23 | 56 |
| 2026-08-26 | 56 |
| 2026-08-29 | 56 |
| 2026-09-01 | 56 |
| 2026-09-04 | 56 |
| 2026-09-07 | 56 |
| 2026-09-10 | 56 |
What changed?
The score has stayed at 56.
Over the same 18 days the stock moved +0.0%.
Forward Outlook
Wall Street analysts project Bellevue Gold Limited revenue of about $576.0M for fiscal 2026, with EPS near $-0.00. The estimate reflects 4 contributing analysts.
Earnings Track Record
Bellevue Gold Limited has missed Wall Street's EPS estimate in 2 of its last 3 reported quarters — a mixed record worth weighing. Reported results have landed about 122.7% below estimates on average.
Financial Health
Bellevue Gold Limited's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 4.52 places it in the safe zone, indicating low near-term bankruptcy risk.
Key Financial Metrics
Return on equity for Bellevue Gold Limited stands at -6.7%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -4.4%, showing how much profit it generates from its asset base. Its free cash flow yield is -2.8%, a gauge of the cash the business throws off relative to its market value. A current ratio of 3.02 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -2.8%, the inverse of the P/E and a quick read on earnings relative to price.
Bellevue Gold Limited (BELGF) Valuation Context
Valued at $1.71B, BELGF is classified as a small-cap stock.
BELGF Revenue & Earnings Trend
In Dec 2025, BELGF generated $192.7M in top-line revenue, marking a sequential decrease of 5.2%. The company recorded net income of $1.9M, with diluted EPS of $0.00. Quarter-over-quarter revenue has been mixed, typical for a small-cap company operating in Basic Materials. Across the four most recent quarters, BELGF averaged $0.00 in diluted EPS.
Company Profile
Bellevue Gold Limited operates in the Gold industry within the Basic Materials sector. It is headquartered in West Perth, AU. The company is led by CEO Darren John Stralow. BELGF has traded publicly since 2020.
BELGF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Large landholding in a prospective gold region.
- 100% ownership of the Bellevue Gold Project.
- Experienced management team.
- Potential for resource expansion.
Bear Case
- Pre-revenue stage with no current gold production.
- Negative profitability and cash flow.
- Reliance on external funding for project development.
- Exposure to gold price volatility.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Dec 2025 | $193M | $2M | $0.0012 |
| Jun 2025 | $203M | -$42M | -$0.03 |
| Dec 2024 | $159M | $9M | $0.01 |
| Jun 2024 | $179M | $53M | $0.04 |
Based on FMP financials and quantitative analysis · Converted to USD from AUD at today's rate
BELGF Latest News
No recent news available for BELGF.
BELGF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for BELGF.
Price Targets
Wall Street price target analysis for BELGF.
BELGF MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for BELGF; grades run from A+ (80-100) to F (below 30).
Leadership: Darren John Stralow
Managing Director
Darren John Stralow serves as the Managing Director of Bellevue Gold Limited. His background includes extensive experience in the mining industry, with a focus on project development and operations. He has held leadership positions in several mining companies, overseeing the development of gold and other mineral projects. His expertise encompasses project management, resource estimation, and corporate strategy. Stralow's experience is crucial for guiding Bellevue Gold through its development phase and into production.
Track Record: Under Darren John Stralow's leadership, Bellevue Gold has made significant progress in advancing the Bellevue Gold Project. Key milestones include the completion of feasibility studies, securing project financing, and commencing construction activities. Stralow has also overseen the expansion of the company's resource base through successful exploration programs. His strategic decisions have positioned Bellevue Gold as a promising gold producer in the Australian mining sector.
BELGF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Bellevue Gold Limited (BELGF) may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. Companies in this tier may have limited or no reporting requirements, leading to less transparency for investors compared to companies listed on major exchanges like the NYSE or NASDAQ. Investing in OTC Other stocks carries higher risks due to the potential for limited information and greater price volatility.
- OTC Tier: OTC Other
- Limited information and transparency due to potentially minimal reporting requirements.
- Higher price volatility and wider bid-ask spreads compared to stocks on major exchanges.
- Potential for limited liquidity, making it difficult to buy or sell shares quickly.
- Increased risk of fraud or manipulation due to less regulatory oversight.
- Currency exchange rate risk between USD and AUD.
- Verify the company's registration and legal standing.
- Review any available financial statements and disclosures.
- Assess the company's management team and their experience.
- Understand the company's business model and competitive landscape.
- Evaluate the risks associated with investing in OTC stocks.
- Monitor news and announcements related to the company.
- Consult with a financial advisor before investing.
- Established operations in Australia with significant gold projects.
- Experienced management team with a track record in the mining industry.
- Ongoing exploration and development activities at the Bellevue Gold Project.
- Positive news coverage and analyst reports (if available).
- Active investor relations and communication with shareholders.
Common Questions About BELGF (Basic Materials)
Is BELGF a good stock?
Stock Expert AI does not rate BELGF buy, sell or hold. Bellevue Gold Limited has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What are the main risks for BELGF?
Bellevue Gold Limited faces several risks inherent to the gold mining industry. These include gold price volatility, which can significantly impact project economics. Operational risks during mine development and production, such as cost overruns and technical challenges, pose a threat.
What are the key factors to evaluate for BELGF?
Evaluate BELGF on fundamentals, analyst consensus, and risk factors. Bellevue Gold Limited presents an investment proposition centered on its Bellevue Gold Project. Not financial advice.
How frequently does BELGF data refresh on this page?
BELGF's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven BELGF's recent stock price performance?
Bellevue Gold Limited (BELGF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Large landholding in a prospective gold region. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider BELGF overvalued or undervalued right now?
Bellevue Gold Limited (BELGF) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of BELGF?
Yes, most major brokerages offer fractional shares of Bellevue Gold Limited (BELGF) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
How can I track BELGF's earnings and financial reports?
Bellevue Gold Limited (BELGF) reports quarterly earnings approximately 4-6 weeks after each fiscal quarter ends. You can track earnings dates, revenue and EPS estimates, and actual results on this page's Financials tab. Earnings surprises (beats or misses) often cause significant short-term price moves. Your brokerage can send alerts for BELGF earnings announcements.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis is based on limited information available for Bellevue Gold Limited.
- Financial data is based on the most recent available information.
- OTC market data may be less reliable than data from major exchanges.