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M2R Stock Chart & Stats
<AU$0.01
<AU$0.01(20.00%)
At close: 4:00 PM EDT
<AU$0.01
<AU$0.01(20.00%)
Day’s Range― - ―
52-Week Range<AU$0.01 - AU$0.05
Previous CloseN/A
Volume2.99M
Average Volume (3M)9.33M
Market Cap
AU$5.27M
Enterprise ValueAU$4.64M
Total Cash (Recent Filing)AU$695.48K
Total Debt (Recent Filing)AU$62.10K
Price to Earnings (P/E)―
Beta2.25
Next Earnings
Mar 05, 2027EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)<0.01
Shares Outstanding2,636,987,300
10 Day Avg. Volume9,325,124
30 Day Avg. Volume9,325,124
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.26
Price to Sales (P/S)0.00
P/FCF Ratio-3.71
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
Bulls Say, Bears Say
Bulls Say
Low LeverageMinimal leverage reduces refinancing and solvency pressure, preserving financial flexibility while Miramar advances its exploration portfolio. A debt-light structure also limits interest burdens and gives management more capacity to respond to exploration outcomes or pursue future opportunities.
Improving 2026 Cash PerformanceThe 2026 improvement indicates some progress in controlling cash outflows and reducing losses, even though the company remains unprofitable. If sustained, better cost discipline could extend funding runway and support continued exploration before commercial revenue emerges.
Focused Exploration PortfolioA dedicated exploration model gives Miramar a clear strategic focus on identifying and developing mineral resources across its tenements. Successful target definition and drilling could create project value over time, although outcomes remain dependent on geological results.
Bears Say
Minimal Revenue And Persistent LossesThe absence of meaningful revenue and recurring losses show that Miramar has not yet established a commercial earnings base. This leaves profitability highly dependent on future exploration success or project transactions, making the fundamental investment case structurally uncertain.
Ongoing Cash BurnPersistent negative operating and free cash flow means the business consumes cash rather than funding itself internally. Even with a narrower 2026 outflow, continued exploration and corporate costs may require external funding unless spending falls or revenue develops.
Negative Returns On EquityNegative returns on equity indicate that the capital invested in Miramar is not yet producing earnings, despite the balance sheet carrying substantial equity relative to debt. Prolonged negative returns can constrain reinvestment efficiency and weaken the case for additional capital.
Miramar Resources Limited News
M2R FAQ
What was Miramar Resources Limited’s price range in the past 12 months?
Miramar Resources Limited lowest share price was <AU$0.01 and its highest was AU$0.05 in the past 12 months.
What is Miramar Resources Limited’s market cap?
Miramar Resources Limited’s market cap is AU$5.27M.
When is Miramar Resources Limited’s upcoming earnings report date?
Miramar Resources Limited’s upcoming earnings report date is Mar 05, 2027 which is in 132 days.
How were Miramar Resources Limited’s earnings last quarter?
Miramar Resources Limited released its earnings results on Sep 25, 2026. The company reported AU$0 earnings per share for the quarter.
Is Miramar Resources Limited overvalued?
According to Wall Street analysts Miramar Resources Limited’s price is currently Overvalued.
Does Miramar Resources Limited pay dividends?
Miramar Resources Limited does not currently pay dividends.
What is Miramar Resources Limited’s EPS estimate?
Miramar Resources Limited’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Miramar Resources Limited have?
Miramar Resources Limited has 2,636,987,300 shares outstanding.
What happened to Miramar Resources Limited’s price movement after its last earnings report?
Miramar Resources Limited reported an EPS of AU$0 in its last earnings report. Following the earnings report the stock price went down -50%.
Which hedge fund is a major shareholder of Miramar Resources Limited?
Currently, no hedge funds are holding shares in AU:M2R
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Miramar Resources Limited Stock Smart Score
Neutral
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10
Blogger Sentiment
Neutral
AU:M2R Sentiment 50%
Sector Average 68%
Sector Average 68%
Insider Transactions
Bought Shares
Worth AU$37.5K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Fundamentals
Return on Equity
-11.68%
Trailing 12-Months
Asset Growth
7.42%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Miramar Resources Limited
Miramar Resources Limited, an Australian company, is primarily dedicated to the discovery and assessment of mineral tenements across the nation. Its main objective involves identifying deposits of gold, nickel, copper, and platinum group elements (PGEs). The firm holds stakes in several promising, yet largely unexplored, projects throughout Western Australia. These encompass three gold ventures—Gidji JV, Glandore, and Randalls—situated in the Eastern Goldfields region, near Kalgoorlie. Furthermore, Miramar possesses two projects, Lang Well and Lakeside, which target underexamined greenstone belts within the Murchison region, along with the Whaleshark and Bangemall projects located in the Gascoyne region. Established in 2019, the company maintains its headquarters in South Perth, Australia.
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