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Legacy Minerals Holdings Ltd. (LGM) AI Stock Analysis

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AU:LGM

Legacy Minerals Holdings Ltd.

(ASX:LGM)

Select Model
Rating:39Underperform
Price Target:AUD 0.09â–¼(-7.29% Downside)
Action:downgraded
Date:10/22/26

The score is driven primarily by persistent losses and cash burn, despite a well-funded, low-debt balance sheet. Weak technical momentum and the absence of meaningful valuation support further limit the outlook.

Positive Factors
Very low leverageExtremely low leverage gives Legacy Minerals a stronger capitalization profile than its loss-making operations alone would suggest. Limited debt reduces interest and refinancing pressure, preserving financial flexibility while the company develops its asset base and seeks a path toward profitability.
Negative Factors
Persistent revenue weaknessThe return to zero revenue in the latest two years demonstrates that Legacy Minerals has not established a reliable commercial revenue stream. This limits operating visibility, prevents meaningful operating leverage, and leaves the business dependent on future development success rather than current sales.

Legacy Minerals Holdings Ltd. (LGM) vs. iShares MSCI Australia ETF (EWA)

-80%-60%-40%-20%0%20%40%AU:LGM-60.00%EWA+17.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
AUD 19.21M
Dividend Yield
―
Average Volume (3M)
217.24K
Price to Earnings (P/E)
-9.4
Beta (1Y)
-0.14
Revenue Growth
―
EPS Growth
41.38%
Country
Australia
Employees
9
Sector
Basic Materials
Sector Strength
61
Industry
Industrial Materials

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 kilome...

How the Company Makes Money

null

Legacy Minerals Holdings Ltd. Financial Statement Overview

Summary

Persistent losses, zero recent revenue, and consistently negative operating and free cash flow create substantial financial risk. The strong, low-debt equity-funded balance sheet provides some support but does not offset the weak operating performance.

Income Statement

17Very Negative

Balance Sheet

69Positive

Cash Flow

23Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue000516.83K62.29K0
Gross Profit-188.13K-188.13K-153.70K516.83K19.87K-30.44K
EBITDA-1.77M-1.79M-1.93M-412.71K-904.35K-2.04M
Net Income-1.85M-1.85M-2.08M-479.25K-946.71K-2.07M
Balance Sheet
Total Assets20.82M20.82M14.01M8.83M5.74M5.12M
Cash, Cash Equivalents and Short-Term Investments6.09M6.09M5.36M3.01M1.62M2.77M
Total Debt22.52K22.52K66.70K000
Total Liabilities969.57K969.57K658.15K1.50M712.61K254.52K
Stockholders Equity19.85M19.85M13.35M7.33M5.03M4.86M
Cash Flow
Free Cash Flow-2.51M-2.51M-1.87M-4.28M-2.92M-3.46M
Operating Cash Flow-1.52M-1.52M-1.84M-731.61K-844.51K-1.72M
Investing Cash Flow-6.33M-6.33M-4.35M-3.45M-2.12M-1.77M
Financing Cash Flow8.56M8.56M8.54M5.57M1.82M5.50M

Legacy Minerals Holdings Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price0.10

Price Trends

50DMA0.12Negative
100DMA0.11Negative
200DMA0.14Negative

Market Momentum

MACD-0.00Negative
RSI43.46Neutral
STOCH28.57Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LGM, the sentiment is Negative. The current price of 0.10 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.12, and below the 200-day MA of 0.14, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 43.46 is Neutral, neither overbought nor oversold. The STOCH value of 28.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:LGM.

Legacy Minerals Holdings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

AU:LGM against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
AU:BUXAU:BUX53NeutralAUD 9.33M6.2522.53%―739.65%―
AU:GALAU:GAL47NeutralAUD 22.73M-5.00-10.29%――-300.00%
AU:ACPAU:ACP41NeutralAUD 19.30M-14.26-35.88%――-6.67%
AU:LGMAU:LGM39UnderperformAUD 20.01M-9.41-10.76%――41.38%
AU:IPTAU:IPT39UnderperformAUD 13.47M-2.07-37.83%――59.04%
AU:CMDAU:CMD37UnderperformAUD 16.41M-1.851716.62%――-86.54%

* Basic Materials Sector Average

Performance Comparison

-50%0%50%AU:LGMAU:IPTAU:BUXAU:ACPAU:GALAU:CMDDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
AU:LGM and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:LGMLegacy Minerals Holdings Ltd.0.10-0.14-60.00%
AU:IPTImpact Minerals Limited0.02-0.03-57.41%
AU:BUXBuxton Resources Limited0.02-0.01-41.18%
AU:ACPAudalia Resources Limited0.02-0.00-15.38%
AU:GALGalileo Mining Ltd.0.12-0.09-43.90%
AU:CMDCassius Mining Ltd0.02-0.01-41.94%

Legacy Minerals Holdings Ltd. Corporate Events

Legacy Minerals Lifts Mt Carrington Resource and Accelerates Larger-Scale Study

Oct 29, 2026

Legacy Minerals has significantly upgraded the open-pit Mineral Resource Estimate at its Mt Carrington Project to 47.9 million tonnes, containing 1.6 million ounces of gold-equivalent metal across gold, silver, copper, lead, and zinc, including a sub...

Legacy Minerals Sets November 2026 AGM With Digital Access for Shareholders

Oct 21, 2026

Legacy Minerals Holdings Ltd. has called its Annual General Meeting for 24 November 2026, to be held in person at a Sydney venue, with the session commencing at 11:30 a.m. local time. The AGM will allow shareholders to ask questions and vote on propo...

Legacy Minerals Outlines Funding Needs and Uncertainty Around Mt Carrington Scoping Study

Oct 13, 2026

Legacy Minerals has detailed the scoping-level status of its Mt Carrington gold, silver and copper project in New South Wales, presenting a preliminary technical and economic assessment that does not yet support formal ore reserve estimates. The comp...

Legacy Minerals Files 2026 Corporate Governance Statement With ASX

Sep 24, 2026

Legacy Minerals Holdings Ltd., a small ASX-listed mining and exploration company, has established board charters and governance policies that define the roles of directors and management and delegate day-to-day operations to the managing director. It...

Legacy Minerals outlines governance and structure in 2026 annual report

Sep 24, 2026

Legacy Minerals Holdings Ltd has released its annual report for the year ended 30 June 2026, providing shareholders with an overview of its governance and corporate structure. The report lists a board comprising both executive and non-executive direc...

Legacy Minerals Pinpoints Three Untested Copper-Gold Targets at Rockley

Sep 21, 2026

Legacy Minerals has identified three significant, untested induced polarisation chargeability targets at the Crystal Hill Prospect within its 100%-owned Rockley copper-gold project in New South Wales. The central target, considered the highest priori...

Legacy Minerals Outlines Funding Needs and Uncertainties for Mt Carrington Scoping Study

Sep 10, 2026

Legacy Minerals has detailed the scoping-level assessment of its Mt Carrington gold-silver-copper project, outlining a preliminary technical and economic evaluation of potential mineral extraction. The study indicates a production target primarily ba...

Legacy Minerals Advances Larger-Scale Study at Mt Carrington After Resource Upgrade

Sep 6, 2026

Legacy Minerals is pushing ahead with an optimised scoping study for its Mt Carrington Gold-Silver Project in New South Wales, engaging engineering group Ausenco and advisory firm WSP to assess a larger-scale development than previously contemplated....

Legacy Minerals Launches Drilling on Untested Gold‑Silver Targets at Mt Carrington

Aug 10, 2026

Legacy Minerals has reported results from induced polarisation surveys at the Mascotte Prospect within its Mt Carrington Project, outlining a northeast‑trending resistive corridor flanked by multiple strong chargeability anomalies. These geophysical...

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.

Date of analysis: Oct 22, 2026