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Latrobe Magnesium Limited (LMG) AI Stock Analysis
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Latrobe Magnesium Limited
(ASX:LMG)
The score is weighed down primarily by weak financial performance, led by persistent losses, inconsistent revenue, and recurring negative/volatile free cash flow despite a comparatively better balance sheet. Technical indicators are mixed and do not provide strong confirmation of sustained upward momentum. Valuation is also constrained by negative earnings (negative P/E) and no provided dividend yield.
Latrobe Magnesium Limited (LMG) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 52.46M
- Dividend Yield
- ―
- Average Volume (3M)
- 12.32M
- Price to Earnings (P/E)
- -20.0
- Beta (1Y)
- 1.05
- Revenue Growth
- ―
- EPS Growth
- -45.45%
- Country
- Australia
- Employees
- 0
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Industrial Materials
Latrobe Magnesium Limited Business Overview & Revenue Model
Company Description
Latrobe Magnesium Limited, an Australian firm founded in Sydney in 1986, is actively pursuing the establishment of a magnesium production facility. This plant is intended for the extraction of magnesium metal, utilizing fly ash originating from Germa...
Latrobe Magnesium Limited Financial Statement Overview
Summary
Overall financials reflect a development-stage profile. The income statement is the biggest weakness due to persistent losses and an inconsistent revenue base. The balance sheet is comparatively stronger with moderate leverage and sizable equity, but negative ROE and rising debt increase risk. Cash flow is uneven: operating cash flow has been positive recently, yet free cash flow is frequently negative and volatile, indicating ongoing funding dependence while profitability remains negative.
Income Statement
18Very NegativeBalance Sheet
52NeutralCash Flow
34Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 2.73M | 0 | 0 | 0 |
| Gross Profit | -22.02K | -22.02K | 2.73M | -41.68K | -55.28K | -199.00K |
| EBITDA | -5.94M | -5.94M | -2.45M | -5.36M | -4.26M | -2.99M |
| Net Income | -4.87M | -4.87M | -2.66M | -4.74M | -2.44M | -3.21M |
Balance Sheet | ||||||
| Total Assets | 119.67M | 119.67M | 92.50M | 95.40M | 62.47M | 37.39M |
| Cash, Cash Equivalents and Short-Term Investments | 1.09M | 1.09M | 2.42M | 565.15K | 6.89M | 15.25M |
| Total Debt | 16.99M | 16.99M | 7.79M | 13.86M | 15.37M | 5.59M |
| Total Liabilities | 65.55M | 65.55M | 43.84M | 53.78M | 36.16M | 14.68M |
| Stockholders Equity | 54.13M | 54.13M | 48.67M | 41.63M | 26.31M | 22.71M |
Cash Flow | ||||||
| Free Cash Flow | -6.51M | -7.21M | 1.91M | -15.85M | -22.31M | -9.42M |
| Operating Cash Flow | 2.46M | 1.76M | 8.10M | 11.50M | -4.31M | -3.74M |
| Investing Cash Flow | -8.97M | -8.97M | -6.24M | -16.98M | -18.04M | -5.69M |
| Financing Cash Flow | 5.18M | 5.88M | 6,239 | -854.18K | 13.99M | 23.72M |
Latrobe Magnesium Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LMG, the sentiment is Negative. The current price of 0.01 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 41.22 is Neutral, neither overbought nor oversold. The STOCH value of -150.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:LMG.
Latrobe Magnesium Limited Peers Comparison
Overall Rating
AU:AVL52Neutral
AU:VML46Neutral
AU:VRC45Neutral
AU:LMG44Neutral
AU:E2540Underperform
AU:HAS37Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| 52Neutral | AUD 64.89M | -6.32 | -7.34% | ― | -100.00% | 22.03% | |
| 46Neutral | AUD 19.58M | -1.06 | -29.51% | ― | -100.00% | -164.77% | |
| 45Neutral | AUD 21.84M | -13.33 | -11.53% | ― | ― | -783.33% | |
| 44Neutral | AUD 52.46M | -20.00 | -8.76% | ― | ― | -45.45% | |
| 40Underperform | AUD 67.12M | -25.95 | -2.99% | ― | -100.00% | 70.00% | |
| 37Underperform | AUD 46.86M | -8.81 | -5.52% | ― | ― | 98.14% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:LMG | Latrobe Magnesium Limited | 0.01 | -0.03 | -65.00% | |
| AU:AVL | Australian Vanadium Limited | 0.17 | -0.13 | -43.33% | |
| AU:E25 | Element 25 Limited | 0.20 | -0.10 | -32.79% | |
| AU:HAS | Hastings Technology Metals Limited | 0.20 | -0.40 | -66.72% | |
| AU:VRC | Volt Resources Ltd | 0.01 | 0.00 | 0.00% | |
| AU:VML | Vital Metals Ltd | 0.08 | -0.22 | -73.67% |
Latrobe Magnesium Limited Corporate Events
Latrobe Magnesium Tightens CEO Incentives and Moves to Repair ASX Breach
Latrobe Magnesium has revised the performance-linked compensation arrangements for CEO Robert Stein, making five tranches of milestone options contingent on shareholder approval under ASX Listing Rule 7.1 and converting four tranches of planned share...
Latrobe Magnesium moves to fix ASX placement breach as entitlement offer continues
Latrobe Magnesium Limited has disclosed that it breached ASX Listing Rule 7.1 placement capacity in September, linked to an A$8.5 million capital raise, after determining that 37.7 million of 42.8 million unlisted options agreed to be issued to broke...
Latrobe Magnesium Extends Entitlement Offer and Broker Option Issue Dates
Latrobe Magnesium Limited has updated the timetable for its capital raising activities, specifically extending the closing date of its entitlement offer to 26 October 2026. As a result, the planned issue date for options to brokers associated with th...
Latrobe Magnesium Extends Closing Date for Pro Rata Securities Offer
Latrobe Magnesium Limited has updated its proposed non-renounceable pro rata securities issue, lodged under ASX Appendix 3B, confirming that it is seeking quotation of all securities to be issued under an associated disclosure document. The company r...
Latrobe Magnesium strengthens governance with new joint company secretary
Latrobe Magnesium Limited has appointed its Chief Financial Officer, John Collier, as Joint Company Secretary effective 9 October 2026, adding to his existing responsibilities and making him the primary contact with the ASX on listing rule matters. E...
Latrobe Magnesium sets retail investor Q&A as entitlement offer progresses
Latrobe Magnesium Limited has reminded shareholders that its executive leadership team will host a retail investor question and answer session on 9 October 2026, giving investors a chance to hear directly from the CEO, CFO and COO about the company&#...
Latrobe Magnesium Discloses Final Director Interest as Paterson Steps Down
Latrobe Magnesium Limited has announced that director David Oliver Paterson ceased to be a director on 30 September 2026, triggering a final disclosure of his interests under ASX listing rules. The notice details that Paterson holds 110,628,618 ordin...
Latrobe Magnesium to Brief Retail Investors Amid Entitlement Offer
Latrobe Magnesium has scheduled a retail investor question and answer webinar for 9 October 2026, giving shareholders the opportunity to engage directly with its executive leadership, including the chief executive, chief financial officer and chief o...
Latrobe Magnesium nears completion of Phase 1B plant as commissioning advances
Latrobe Magnesium says installation of its Phase 1B pyrometallurgical plant at the Latrobe Valley Demonstration Plant has reached 90% completion, up from 70% in August, with dry commissioning 25% complete and key equipment such as the Ball Mill and B...
Latrobe Magnesium’s Incoming CEO to Court Investors as Global Magnesium Projects Advance
Latrobe Magnesium Limited said its incoming chief executive officer, Robert Stein, will present at the Sharecafe & Finance News Network Uncovering Hidden Gems virtual investor webinar on 30 September, giving investors a chance to hear directly fr...
Latrobe Magnesium Raises $5 Million Through Share Placement
Latrobe Magnesium Limited has completed a private placement, issuing 332,076,594 new fully paid ordinary shares at $0.015 each to sophisticated and professional investors, raising gross proceeds of about $4.98 million. The bulk of the shares were iss...
Latrobe Magnesium Seeks ASX Quotation for 332 Million New Shares
Latrobe Magnesium Limited has applied to the ASX for quotation of 332,076,594 new fully paid ordinary shares, expanding its listed securities base under the code LMG. The issuance, recorded on 28 September 2026, is part of previously announced transa...
Latrobe Magnesium Releases 2026 Annual Report Detailing Operations and Financials
Latrobe Magnesium Limited operates in the metals and materials industry, with a focus on magnesium production through its controlled entities in Australia. The company provides consolidated reporting on its operational and financial performance under...
Latrobe Magnesium Defines Target Market for Broker Options in $3.4m Entitlement Offer
Latrobe Magnesium Limited has issued a Target Market Determination for unlisted lead manager and sub-underwriter options linked to a non-renounceable entitlement offer seeking to raise about $3.4 million. The broker options, exercisable at $0.0205 an...
Latrobe Magnesium Plans Large ASX Option Issue Under Appendix 3B
Latrobe Magnesium Limited has notified the ASX of a proposed issue of options as part of a placement or other form of securities issuance. The company is seeking quotation for these securities in line with ASX Listing Rules and has lodged the require...
Latrobe Magnesium Plans Major Non-Renounceable Share Entitlement Offer
Latrobe Magnesium Limited has announced a proposed non-renounceable pro rata issue of up to 227,656,740 new fully paid ordinary shares, to be quoted on the ASX. The offer, structured under an Appendix 3B filing, sets an ex date of 24 September 2026,...
Latrobe Magnesium Plans Major Share Placement to Boost Capital Base
Latrobe Magnesium Limited has announced a proposed placement of up to 339,009,927 new ordinary fully paid shares on the ASX. The issue, scheduled for 22 September 2026, is intended to expand the company’s capital base through a substantial equi...
Latrobe Magnesium outlines equity raising via placement and entitlement offer
Latrobe Magnesium Limited has released an equity raising presentation outlining a capital raising that combines a placement to sophisticated and professional investors with a pro-rata non-renounceable entitlement offer. The document emphasises that i...
Latrobe Magnesium launches $3.4m rights issue with broker options package
Latrobe Magnesium Limited has launched a non-renounceable rights issue, offering eligible shareholders one new share for every fifteen held at an issue price of $0.015 to raise approximately $3.4 million. Shareholders who take up their full entitleme...
Latrobe Magnesium Raises A$8.5m to Advance Demonstration Plant and U.S. Expansion Plans
Latrobe Magnesium has secured firm commitments for an A$8.5 million equity raising, comprising a A$5.1 million institutional placement and a fully underwritten A$3.4 million non-renounceable entitlement offer priced at A$0.015 per share. The offer at...
Latrobe Magnesium Seeks Trading Halt Ahead of Capital Raising Announcement
Latrobe Magnesium Limited has requested and received a trading halt in its securities from the ASX, effective 18 September 2026, ahead of a significant capital raising announcement. The halt will remain in place until either the company releases deta...
Latrobe Magnesium Wins Conditional US$15m Backing for U.S. Plant Study
Latrobe Magnesium Limited has secured a non-binding Letter of Support for US$15m in equity funding to advance a feasibility study for its proposed 50 ktpa magnesium metal plant in South Carolina, underscoring the company’s ambition to expand it...
Latrobe Magnesium Gains Conditional US$15m Backing for U.S. Plant Study
Latrobe Magnesium Limited has secured a non-binding letter of support for US$15 million in equity funding from a large U.S. financial institution to finance the feasibility study for its planned 50 ktpa magnesium metal plant in South Carolina. The in...
Latrobe Magnesium Details Funding and Economics for U.S. 50 ktpa Magnesium Plant
Latrobe Magnesium Limited has outlined further details of its planned 50 ktpa magnesium metal plant in the U.S., confirming that a 20-year binding memorandum of understanding with Société Le Nickel provides sufficient optionality to secure...
Latrobe Magnesium Sets Sights on 50ktpa U.S. Magnesium Plant in South Carolina
Latrobe Magnesium plans a 50,000 tonne per annum primary magnesium metal plant in South Carolina, aiming to become North America’s first new commercial-scale producer in decades. The proposed facility will use ferronickel slag from a 20-year su...
Latrobe Magnesium Sets Start Date for New CEO Amid Critical Minerals Push
Latrobe Magnesium has confirmed that incoming chief executive Robert Stein will begin with the company on 14 September in a transition role before formally taking over as CEO on 1 October 2026. He will succeed long-serving managing director and CEO D...
Latrobe Magnesium Hits 70% Completion on Demonstration Plant Phase 1B
Latrobe Magnesium reports that construction of its Stage 1 Demonstration Plant Phase 1B in Victoria has reached 70% completion, with briquetting equipment installation finished and ready for staged commissioning following successful site acceptance t...
Latrobe Magnesium advances Hazelwood plant build and secures funding
Latrobe Magnesium Limited reported solid progress on its Phase 1B magnesium metal installation at its Hazelwood North demonstration plant, with construction half complete by late July and strong safety performance, including a 97% HSE compliance rate...
Latrobe Magnesium Clears Key Technical Risk as Demonstration Plant Reaches 50% Completion
Latrobe Magnesium has reported solid progress on Phase 1B of its Stage 1 Demonstration Plant, noting that overall construction has reached 50% and that it is tracking toward initial magnesium metal production in the second half of the year. The compa...
Latrobe Magnesium names new CEO as founder retires and bolsters project oversight
Latrobe Magnesium Limited has announced the retirement of founder and long-standing chief executive David Paterson, who will step down on 30 September 2026 after two decades leading the development of its Hydromet process to magnesium oxide productio...
Latrobe Magnesium reshapes leadership as magnesium projects advance
Latrobe Magnesium Limited has announced a leadership transition with founder and long-standing CEO David Paterson retiring after nearly 20 years at the helm and agreeing to remain as a consultant. The board credits Paterson with driving the company&#...
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: Sep 29, 2026