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Legend Mining Limited
(Sydney:LEG)
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Rating:47Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:07/10/26
The score is primarily constrained by weak financial performance (no revenue, widening losses, and ongoing negative operating/free cash flow), partially offset by a strong low-debt balance sheet. Technical indicators are largely neutral with limited trend confirmation, and valuation metrics are unfavorable/unclear due to a negative P/E and no dividend yield data.
Positive Factors
Low leverage / strong balance sheet
Near-zero debt and a sizable equity base give Legend durable financial flexibility to fund multi-month exploration programs, pursue farm-outs or JV arrangements, and withstand cyclical setbacks without immediate refinancing. That structural low leverage reduces solvency risk and supports strategic optionality over 2–6 months.
Negative Factors
Zero revenue; widening losses
The absence of operating revenue and materially wider losses show Legend remains pre-revenue and dependent on capital markets or partner deals. Persisting losses erode economics of exploration projects and limit evidence of sustainable business-model profitability, posing medium-term viability risks absent clear value crystallization.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Near-zero debt and a sizable equity base give Legend durable financial flexibility to fund multi-month exploration programs, pursue farm-outs or JV arrangements, and withstand cyclical setbacks without immediate refinancing. That structural low leverage reduces solvency risk and supports strategic optionality over 2–6 months.
Read all positive factors
Legend Mining Limited (LEG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$26.23M
Dividend YieldN/A
Average Volume (3M)702.70K
Price to Earnings (P/E)―
Beta (1Y)0.78
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees8
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,914,477,300
10 Day Avg. Volume1,543,504
30 Day Avg. Volume702,704
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.70
Price to Sales (P/S)0.00
P/FCF Ratio-29.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Legend Mining Limited Business Overview & Revenue Model
Company Description
Legend Mining Limited conducts the prospecting and geological assessment of potential mining sites throughout Australia. The company's main focus is on uncovering deposits rich in nickel, copper, cobalt, zinc, silver, and gold. A significant asset...
How the Company Makes Money
Legend Mining Limited does not operate a conventional operating-revenue model typical of producing miners (i.e., selling mined commodities) based on publicly available information that it is primarily an exploration-stage company. Instead, it typi...
Legend Mining Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 5.57K | 50.80K | 13.07K | 26.70K |
| Gross Profit | 0.00 | -74.52K | 50.80K | -66.21K | -51.59K |
| EBITDA | -14.83M | -5.44M | -5.33M | -898.00K | -53.77K |
| Net Income | -14.94M | -5.25M | -5.02M | -1.49M | -66.18K |
Balance Sheet | |||||
| Total Assets | 37.74M | 49.55M | 55.22M | 64.29M | 63.54M |
| Cash, Cash Equivalents and Short-Term Investments | 10.43M | 11.20M | 11.53M | 12.71M | 18.26M |
| Total Debt | 112.53K | 73.88K | 110.10K | 63.74K | 106.63K |
| Total Liabilities | 711.79K | 748.49K | 1.28M | 12.13M | 10.12M |
| Stockholders Equity | 37.03M | 48.80M | 53.94M | 52.16M | 53.42M |
Cash Flow | |||||
| Free Cash Flow | -869.19K | -696.75K | -6.88M | -8.39M | -13.33M |
| Operating Cash Flow | -869.19K | -696.75K | -775.71K | -471.78K | 222.57K |
| Investing Cash Flow | 299.12K | 370.86K | -6.10M | -4.98M | -10.17M |
| Financing Cash Flow | -98.53K | -99.15K | 5.69M | -94.40K | 3.02M |
Legend Mining Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | AU$26.23M | -1.54 | -31.61% | ― | ― | ― | |
45 Neutral | AU$24.77M | -12.33 | -16.02% | ― | ― | 84.62% | |
45 Neutral | AU$22.01M | -8.20 | -13.50% | ― | ― | 3.73% | |
45 Neutral | AU$20.75M | -34.06 | -1.37% | ― | ― | -118.75% | |
42 Neutral | AU$15.43M | -3.33 | -19.15% | ― | ― | 93.90% |
* Basic Materials Sector Average
AU:LEG
Legend Mining Limited
0.01
0.00
0.00%
AU:ORP
Argonaut Resources
0.09
0.06
183.33%
AU:JAV
Javelin Minerals Limited
0.09
0.02
22.22%
AU:WIN
Widgie Nickel Limited
0.02
>-0.01
-5.26%
AU:LGM
Legacy Minerals Holdings Ltd.
0.11
-0.08
-41.67%
AU:GAL
Galileo Mining Ltd.
0.11
-0.04
-25.33%
Legend Mining Limited Corporate Events
Legend Mining Nears Drilling at Pinnacle Well After IP Anomalies Confirmed
Jul 7, 2026
Legend Mining’s June 2026 quarterly update centres on advancing exploration at its Pinnacle Well Project, particularly the Pyrophyllite Hill and Alpha North prospects in the Leonora District of Western Australia. Field reconnaissance has gro...
Legend Mining Director Mark Wilson Boosts Indirect Shareholding
Jul 1, 2026
Legend Mining Limited has reported a change in director Mark Wilson’s indirect shareholdings following on-market purchases conducted between 24 and 30 June 2026. Through associated entities, Wilson acquired 9,146,011 fully paid ordinary shar...
Legend Mining Issues 9 Million Unquoted Incentive Options Under ESOP
Jun 25, 2026
Legend Mining Limited has issued 9,000,000 new unquoted incentive options under its employee share option plan, approved in May 2026 and expiring in June 2031. The options, which are subject to transfer restrictions and will not be quoted on the A...
Legend Mining Director Increases Shareholding Through On-Market Purchases
Jun 24, 2026
Legend Mining Limited reported a change in director Tony Walsh’s holdings, indicating increased alignment with shareholders through a significant on-market purchase of company shares. Walsh, via his controlled entity Tony Walsh Corporate Ser...
Legend Mining Advances Pyrophyllite Hill Gold Drill Target After New Field Results
Jun 16, 2026
Legend Mining has identified new gold-related features at its Pyrophyllite Hill prospect within the Pinnacle Well Project, with rockchip samples returning up to 0.18 grams per tonne of gold associated with intense quartz-chlorite-siderite-magnetit...
Legend Mining Director Options Lapse Without Shareholding Change
May 11, 2026
Legend Mining Limited has disclosed a change in the interests of director Mark William Wilson, detailing that 20,000,000 unquoted director options held indirectly through one of his associated entities have lapsed unexercised. Following this lapse...
Legend Mining Options Lapse, Trimming Potential Future Dilution
May 11, 2026
Legend Mining Limited has confirmed changes to its capital structure following the expiry of a large tranche of options listed on the Australian Securities Exchange. The company, registered under ABN 22060966145 and trading under the ticker LEG, r...
Legend Mining Wins Strong Shareholder Backing at 2026 AGM
May 1, 2026
Legend Mining shareholders have backed the company’s current strategy and leadership at the 1 May 2026 annual general meeting, with all resolutions passed on a poll. Investors approved the election of Tony Walsh as a director, the re-electio...
Legend Mining flags strong gold targets and solid cash ahead of Pinnacle Well drilling
Apr 14, 2026
Legend Mining reported a productive March 2026 quarter at its Pinnacle Well Project near Leonora, driven by completion of induced polarisation geophysical surveys at the Alpha North and Pyrophyllite Hill prospects. The company ended the period wit...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.