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Legacy Minerals Holdings Ltd.
(Sydney:LGM)
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Rating:45Neutral
Price Target:
AU$0.10
â–¼(-49.00% Downside)
Action:Reiterated
Date:07/04/26
The score is primarily held down by weak financial performance—persistent losses, inconsistent revenue, and ongoing negative operating/free cash flow—partly offset by very low leverage and a stronger equity base. Technically, the stock shows short-term improvement above the 20DMA but remains in a broader downtrend with negative MACD, while valuation support is limited given the negative P/E and no dividend yield data.
Positive Factors
Very low leverage
Very low debt relative to equity gives the company durable solvency protection and flexibility to fund exploration or restructure operations without immediate refinancing risk. This reduces the probability of distress over the next 2-6 months and supports strategic optionality.
Negative Factors
Persistent losses
Sustained negative EBIT/Net Income shows the business has not reached operational profitability; continued losses over multiple years erode equity and force repeated financing. This structural profitability gap undermines long-term self-sufficiency absent a clear path to positive margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Very low debt relative to equity gives the company durable solvency protection and flexibility to fund exploration or restructure operations without immediate refinancing risk. This reduces the probability of distress over the next 2-6 months and supports strategic optionality.
Read all positive factors
Legacy Minerals Holdings Ltd. (LGM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$24.01M
Dividend YieldN/A
Average Volume (3M)234.19K
Price to Earnings (P/E)―
Beta (1Y)<0.01
Revenue GrowthN/A
EPS Growth3.73%
CountryAU
Employees9
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding200,115,230
10 Day Avg. Volume161,784
30 Day Avg. Volume234,189
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)1.48
Price to Sales (P/S)0.00
P/FCF Ratio-10.52
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
Legacy Minerals Holdings Ltd. Business Overview & Revenue Model
Company Description
Legacy Minerals Holdings Limited specializes in acquiring and exploring sites with potential for gold and copper deposits. The company's portfolio encompasses five projects located within the Lachlan Fold Belt, covering an area of 1,528 square kil...
How the Company Makes Money
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Legacy Minerals Holdings Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
63
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 516.83K | 62.29K | 0.00 | 0.00 |
| Gross Profit | -165.03K | -153.70K | 516.83K | 19.87K | -30.44K | 0.00 |
| EBITDA | -1.79M | -1.93M | -412.71K | -904.35K | -2.04M | -851.59K |
| Net Income | -1.89M | -2.08M | -479.25K | -946.71K | -2.07M | -855.31K |
Balance Sheet | ||||||
| Total Assets | 15.99M | 14.01M | 8.83M | 5.74M | 5.12M | 1.29M |
| Cash, Cash Equivalents and Short-Term Investments | 5.30M | 5.36M | 3.01M | 1.62M | 2.77M | 752.82K |
| Total Debt | 66.16K | 66.70K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.41M | 658.15K | 1.50M | 712.61K | 254.52K | 478.16K |
| Stockholders Equity | 14.59M | 13.35M | 7.33M | 5.03M | 4.86M | 810.46K |
Cash Flow | ||||||
| Free Cash Flow | -1.70M | -1.87M | -4.28M | -2.92M | -3.46M | -731.12K |
| Operating Cash Flow | -1.53M | -1.84M | -731.61K | -844.51K | -1.72M | -508.34K |
| Investing Cash Flow | -3.93M | -4.35M | -3.45M | -2.12M | -1.77M | -222.78K |
| Financing Cash Flow | 7.59M | 8.54M | 5.57M | 1.82M | 5.50M | 1.40M |
Legacy Minerals Holdings Ltd. Technical Analysis
Positive
0.20
Price Trends
0.11
Positive
0.12
Negative
0.16
Negative
Market Momentum
<0.01
Negative
51.69
Neutral
51.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LGM, the sentiment is Positive. The current price of 0.2 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.11, and above the 200-day MA of 0.16, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.69 is Neutral, neither overbought nor oversold. The STOCH value of 51.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:LGM.
Legacy Minerals Holdings Ltd. 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% | |
49 Neutral | AU$17.26M | -2.92 | -129.04% | ― | 445.43% | 47.23% | |
45 Neutral | AU$24.01M | -9.38 | -13.50% | ― | ― | 3.73% | |
45 Neutral | AU$19.30M | -31.43 | -35.07% | ― | ― | 6.25% | |
45 Neutral | AU$21.74M | -42.31 | -1.37% | ― | ― | -118.75% | |
44 Neutral | AU$15.50M | -1.01 | -81.11% | 23.69% | ― | -78.43% | |
42 Neutral | AU$15.48M | -8.18 | -87.78% | ― | ― | 56.00% |
* Basic Materials Sector Average
AU:LGM
Legacy Minerals Holdings Ltd.
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Legacy Minerals Holdings Ltd. Corporate Events
Legacy Minerals Advances Mt Carrington Drilling and Near-Term Resource Update
Jul 28, 2026
Legacy Minerals has completed an eight-hole diamond drilling program at the Emu copper-gold prospect at Mt Carrington, marking the first modern test of this porphyry-epithermal target near the historic Emu Creek copper mine. Core from Emu has been...
Legacy Minerals Secures $408,000 R&D Refund to Advance Mt Carrington Project
Jul 7, 2026
Legacy Minerals has strengthened its balance sheet with a non-dilutive cash injection of about $408,000 from an Australian Government RD Tax Incentive refund. The payment relates to eligible research and development work undertaken in the 2025 fin...
Legacy Minerals Corrects Late Director Interest Filings After Option Expiry
Jul 7, 2026
Legacy Minerals Holdings Ltd. is an Australian mineral exploration company listed on the ASX as LGM, operating under established governance and securities trading policies for its board and executives. The firm focuses on mineral resource discover...
Legacy Minerals advances Mt Carrington with updated resource estimate and expanded drilling
Jun 30, 2026
Legacy Minerals has engaged WSP Global Inc. to update the Mineral Resource Estimate for its Mt Carrington gold-silver-copper project in New South Wales, following a significant increase in tonnes and gold ounces in the 2025 estimate. The new work ...
Legacy Minerals launches geophysical surveys to refine Mt Carrington exploration targets
Jun 24, 2026
Legacy Minerals has begun its first ground-based Dipole-Dipole Induced Polarisation geophysical surveys over the Battery and Mascotte prospects at Mt Carrington in New South Wales, with contractor Fender Geophysics conducting fieldwork expected to...
Legacy Minerals Options Lapse Clarifies Capital Structure
Jun 22, 2026
Legacy Minerals Holdings Ltd has announced the lapse of 3,750,000 exchange-traded options, identified as LGMAE and exercisable at $0.30, following their expiry on June 22, 2026. The cessation of these unexercised options slightly reduces the compa...
Legacy Minerals Confirms New Gold-Silver Discovery at Mt Carrington
Jun 16, 2026
Legacy Minerals has reported final assay results from its maiden eight-hole diamond drilling program at the Mascotte Prospect within the Mt Carrington Project in New South Wales, confirming a new gold-silver epithermal system outside the existing ...
Legacy Minerals Starts Harden Drilling as It Regains Full Control of Thomson Project
Jun 5, 2026
Legacy Minerals has started an 885-metre drilling program at the McMahons Reef prospect within its Harden Gold Project in New South Wales, targeting strike and depth extensions of historically high-grade gold mineralisation across a 700-metre tren...
Aurelia Metals expands Cobar Basin footprint with West Cobar earn-in and new licences
Jun 1, 2026
Aurelia Metals has expanded its footprint in the Cobar Basin through an earn-in agreement with Legacy Minerals over the West Cobar exploration licences and the granting of two new licences, Glenwood and Barton, in its Nymagee District. The moves c...
Legacy Minerals signs Aurelia Metals farm-in deal over Cobar project
Jun 1, 2026
Legacy Minerals has signed a binding earn-in and farm-in agreement with Aurelia Metals’ subsidiary Peak Gold Mines over its 100% owned Cobar Project in New South Wales. The deal allows Aurelia, an established Cobar Basin producer with nearby...
Legacy Minerals Relocates Principal Place of Business to Bathurst
May 26, 2026
Legacy Minerals Holdings Ltd., an ASX-listed mineral exploration company, has updated its operational footprint while retaining its existing corporate registration base. The group’s registered office remains in North Sydney, underscoring its...
Legacy Minerals Wins Approval for Major Mt Carrington Drill Campaign
May 12, 2026
Legacy Minerals has secured New South Wales government approvals for an 8,000m diamond drilling program at its Mt Carrington Project, split between the Mascotte silver-gold prospect and the Emu copper-gold prospect. The Phase 2 Mascotte program wi...
Legacy Minerals Revises Mt Carrington Scoping Study and Retracts Prior Guidance
May 12, 2026
Legacy Minerals has amended its Mt Carrington Scoping Study after determining that earlier forward-looking production targets and financial forecasts lacked a reasonable basis under ASX Listing Rules. The company now cautions investors not to rely...
Legacy Minerals Outlines Funding and Risks in Mt Carrington Scoping Study
May 7, 2026
Legacy Minerals has released a scoping study for its Mt Carrington Gold Silver Project, describing it as a potential high-margin, long-life, low-cost development asset. The study is an early-stage technical and economic assessment intended to tes...
Legacy Minerals hits new gold and copper zones at Mt Carrington ahead of key scoping study
Apr 30, 2026
Legacy Minerals reported a strong March quarter as drilling at its Mt Carrington Project in New South Wales delivered a new gold discovery at the Mascotte prospect and promising copper mineralisation at the Battery prospect. Initial diamond drilli...
Legacy Minerals delays Mt Carrington study to refine project economics
Apr 30, 2026
Legacy Minerals has delayed the release of its Stage 2 Scoping Study for the Mt Carrington gold-silver project in New South Wales to the first week of May 2026, after Ausenco identified potential enhancements to the project. The study incorporates...
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.