Consensus target of AU$97.42 for the NSX listing, though this represents an extreme upside of over 19,000% from current levels.6 Mar 2026 15:10
Broader analyst consensus and market sentiment for PYX Resources (LON: PYX) on this date reflect extreme volatility and a significant gap between current trading prices and long-term valuation models.
Analyst Price Targets & Forecasts
Consensus Target: The lone analyst offering a 12-month forecast as of late February 2026 maintains a price target of 67.49p.
Australian Listing Target: Some platforms report an even higher consensus target of AU$97.42 for the NSX listing, though this represents an extreme upside of over 19,000% from current levels.
Fair Value Scenario: If operations successfully restart and stabilize, some analysts suggest a "going-concern" fair value between 60p and 80p per share.
Consensus Recommendation: Strong Buy.
Fair Value Estimate: WH Ireland previously published a fair value estimate of 82p per share based on discounted cash flow (DCF) models of combined Mandiri and Tisma operations.
Valuation Basis: The revised valuation used a mixed basis, averaging
and a peer multiple EV/EBITDA of 4x.
Factors: The valuation took into account high-margin premium zircon production and a conservative view on development pace.
As of 26 February 2026, the 12-month analyst consensus price target for PYX Resources (PYX) is 67.49p. This consensus is currently derived from a single analyst offering a forecast for the next year.
Analyst Targets and Ratings
Current analyst sentiment reflects a significant divergence between long-term valuation models and recent market performance.
Consensus Price Target (LSE): 67.49p, representing a massive theoretical upside from the current trading price of approximately 0.25p – 0.27p.
Secondary Broker Target: Some investor discussions note a secondary broker target of 185p, though this is considered highly speculative by market participants.
Consensus Recommendation: Strong Buy.
Fair Value Estimate: WH Ireland previously published a fair value estimate of 82p per share based on discounted cash flow (DCF) models of combined Mandiri and Tisma operations.
Key Insights
Performance Gap: Despite trading near a 52-week low of 0.21p, high analyst targets are driven by long-term valuations of zircon resources rather than short-term momentum.
Operational Status: While market speculation suggested potential 2026 RKAB permit approvals in late February, no official RNS announcement was released by 26 February 2026.
Market Trends: Positive catalysts include rising zircon prices, which averaged US$2,150 per tonne in February 2026.
Investor Calendar: The next earnings report is scheduled for 12 March 2026.
The Trump administration is actively trying to build a non-China-dependent supply chain for minerals like zircon. PYX Resources, as a producer of this material
Trump’s Critical Minerals Strategy (Project Vault)
$12 Billion Initiative: In February 2026, the Trump administration unveiled "Project Vault," a $12 billion strategic stockpile initiative designed to secure crit
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