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Legend Mining Limited
(Sydney:LEG)
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Rating:46Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:10/10/26
The score is primarily constrained by weak operating results (revenue at zero and widening losses) and ongoing cash burn, partially offset by a strong balance sheet with very low leverage. With no usable technical indicators and a negative P/E (loss-making), valuation and technical signals provide limited support.
Positive Factors
Very low leverage
Extremely low debt-to-equity and a sizable equity base give Legend financial flexibility to continue exploration and absorb near-term volatility without the immediate burden of high interest or refinancing demands. This supports optionality in allocating capital to projects.
Negative Factors
No sustainable operating revenue
Revenue falling to zero while EBIT and net losses widened materially confirms that the exploration model is not currently generating sustainable operating earnings. Without recurring revenue, funding and project outcomes remain central to maintaining activity over coming periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low debt-to-equity and a sizable equity base give Legend financial flexibility to continue exploration and absorb near-term volatility without the immediate burden of high interest or refinancing demands. This supports optionality in allocating capital to projects.
Read all positive factors
Legend Mining Limited (LEG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$23.32M
Dividend YieldN/A
Average Volume (3M)822.85K
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue GrowthN/A
EPS Growth-158.33%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,914,477,300
10 Day Avg. Volume942,723
30 Day Avg. Volume822,850
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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 5.57K | 50.80K | 13.07K | 26.70K |
| Gross Profit | 611.00 | 0.00 | -74.52K | 50.80K | -66.21K | -51.59K |
| EBITDA | -3.65M | -3.86M | -5.44M | -5.33M | -898.00K | -53.77K |
| Net Income | -12.19M | -14.94M | -5.25M | -5.02M | -1.49M | -66.18K |
Balance Sheet | ||||||
| Total Assets | 37.19M | 37.74M | 49.55M | 55.22M | 64.29M | 63.54M |
| Cash, Cash Equivalents and Short-Term Investments | 9.74M | 10.43M | 11.20M | 11.53M | 12.71M | 18.26M |
| Total Debt | 61.78K | 112.53K | 73.88K | 110.10K | 63.74K | 106.63K |
| Total Liabilities | 477.21K | 711.79K | 748.49K | 1.28M | 12.13M | 10.12M |
| Stockholders Equity | 36.71M | 37.03M | 48.80M | 53.94M | 52.16M | 53.42M |
Cash Flow | ||||||
| Free Cash Flow | -118.76K | -869.19K | -696.75K | -6.88M | -8.39M | -13.33M |
| Operating Cash Flow | -543.95K | -869.19K | -696.75K | -775.71K | -471.78K | 222.57K |
| Investing Cash Flow | -1.35M | 299.12K | 370.86K | -6.10M | -4.98M | -10.17M |
| Financing Cash Flow | -99.54K | -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% | |
54 Neutral | AU$25.72M | -7.06 | -18.93% | ― | ― | 23.17% | |
50 Neutral | AU$27.02M | -13.24 | -10.76% | ― | ― | 41.38% | |
47 Neutral | AU$21.74M | -4.78 | -10.29% | ― | ― | -300.00% | |
46 Neutral | AU$23.32M | -1.90 | -33.06% | ― | ― | -158.33% | |
45 Neutral | AU$18.04M | -3.89 | -21.01% | ― | ― | 93.65% | |
44 Neutral | AU$38.74M | -16.72 | -21.42% | ― | ― | 53.60% |
* Basic Materials Sector Average
AU:LEG
Legend Mining Limited
0.01
0.00
0.00%
AU:ORP
Argonaut Resources
0.10
0.06
136.59%
AU:JAV
Javelin Minerals Limited
0.09
0.02
23.61%
AU:WIN
Widgie Nickel Limited
0.02
-0.02
-46.15%
AU:LGM
Legacy Minerals Holdings Ltd.
0.14
-0.13
-48.08%
AU:GAL
Galileo Mining Ltd.
0.11
-0.09
-43.59%
Legend Mining Limited Corporate Events
Legend Mining details final interests of departing director
Oct 1, 2026
Legend Mining Limited has announced that director Tony Walsh has ceased to be a director of the company effective 30 September 2026. The company disclosed his final interests in the company’s securities, as required under ASX listing rules a...
Legend Mining appoints new director without equity stake
Sep 23, 2026
Legend Mining Limited has appointed John George Ribbons as a director, effective 24 September 2026, signalling a change in the company’s board composition. According to the initial director’s interest notice lodged with the ASX, Ribbon...
Legend Mining Announces Transition in Company Secretary Role
Aug 28, 2026
Legend Mining Limited has appointed experienced governance professional John Ribbons as its new Company Secretary, effective 15 September 2026, following the planned retirement of current Company Secretary and Director Tony Walsh on 30 September 2...
Legend Mining Details Half-Year Structure and Pinnacle Well Survey Activity
Aug 26, 2026
Legend Mining Limited has released its half-year report for the period ended 30 June 2026, outlining its corporate structure, board composition and key service providers including auditors, bankers and legal advisers. The report highlights ongoing...
Legend Mining Clears Key Heritage Step at Pinnacle Well Project
Jul 21, 2026
Legend Mining Limited has completed its first heritage survey at the Pinnacle Well Project in Western Australia, undertaken in collaboration with the Watarra Aboriginal Corporation, the prescribed body corporate for the Darlot People. The survey c...
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.