S2 Resources (ASX:S2R) Shares Outstanding (Basic Average): 511.08 Mil (As of Dec. 2025)


What is S2 Resources Shares Outstanding (Basic Average)?

S2 Resources ASX:S2R +12.50% Shares Outstanding (Basic Average) is 511.08 Mil as of Dec. 2025. The stock has 1 warning sign investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. S2 Resources's average basic shares outstanding for the quarter that ended in Dec. 2025 was 511.08 Mil.

S2 Resources  (ASX:S2R) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

S2 Resources Shares Outstanding (Basic Average) Related Terms

S2 Resources Shares Outstanding (Basic Average) Historical Data

* Premium members only.

The historical data trend for S2 Resources's Shares Outstanding (Basic Average) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

S2 Resources Shares Outstanding (Basic Average) Chart

S2 Resources Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only 309.15 349.42 373.66 433.52 454.29

S2 Resources Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Shares Outstanding (Basic Average) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 412.65 454.39 452.86 455.73 511.08

S2 Resources Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 511.08 Mil mean?
S2 Resources (ASX:S2R) has a Shares Outstanding (Basic Average) of 511.08 Mil as of Dec. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on S2 Resources and its competitors.
Is S2 Resources' Shares Outstanding (Basic Average) too high?
S2 Resources' current Shares Outstanding (Basic Average) is 511.08 Mil.
How does S2 Resources' Shares Outstanding (Basic Average) compare to competitors?
S2 Resources' Shares Outstanding (Basic Average) of 511.08 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for a Metals & Mining company?
A good Shares Outstanding (Basic Average) depends on the Metals & Mining industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on S2 Resources and its competitors. S2 Resources's current Shares Outstanding (Basic Average) is 511.08 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S2 Resources stock overvalued right now?
S2 Resources (ASX:S2R) has a current Shares Outstanding (Basic Average) of 511.08 Mil. The current Shares Outstanding (Basic Average) is 511.08 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For S2 Resources (ASX:S2R), the current Shares Outstanding (Basic Average) is 511.08 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

S2 Resources Business Description

Other Exchanges SRSSF:USA
Address 333 Collins Street, Level 14, Melbourne, VIC, AUS, 3000
S2 Resources Ltd is engaged in mineral exploration. The company operates in three segments which are Finland exploration activities, Australia exploration activities, and Unallocated. The Finland exploration activities include the exploration and evaluation of mineral tenements in Central Lapland; and the Australia exploration activities include the exploration and evaluation of mineral tenements in Western Australia, New South Wales, and Victoria. The Unallocated segment includes the cost of storage of exploration equipment in the United States. The company's projects include Greater Fosterville, Jillewarra gold and base metal project, Polar Bear nickel project, West Murchison base metal project, and others. It explores copper, zinc, gold, nickel, and platinum metals.