Want to see AU:MM1 full AI Analyst Report?
Top Page
Midas Minerals Limited
(Sydney:MM1)
Select Model
Select Model
Rating:51Neutral
Price Target:
AU$0.93
▼(-30.97% Downside)
Action:Reiterated
Date:08/09/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow), with valuation also pressured by the negative P/E tied to unprofitability. Technicals provide partial support, with price trading above major moving averages and a positive MACD, though overbought momentum readings add near-term risk.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet reduces exposure to interest costs, refinancing constraints, and lender-driven restrictions while projects remain in exploration. This gives Midas greater financial flexibility to preserve capital, pursue opportunities, and withstand periods of weak operating performance.
Negative Factors
No operating revenue
The absence of revenue means Midas currently lacks internally generated operating inflows to fund exploration or support corporate costs. Continued dependence on equity, project transactions, or partners makes financial progress reliant on external funding and limits visibility on a self-sustaining business model.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet reduces exposure to interest costs, refinancing constraints, and lender-driven restrictions while projects remain in exploration. This gives Midas greater financial flexibility to preserve capital, pursue opportunities, and withstand periods of weak operating performance.
Read all positive factors
Midas Minerals Limited (MM1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$228.01M
Dividend YieldN/A
Average Volume (3M)424.20K
Price to Earnings (P/E)―
Beta (1Y)1.86
Revenue GrowthN/A
EPS Growth-50.29%
CountryAU
Employees15
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.03
Shares Outstanding247,832,430
10 Day Avg. Volume462,583
30 Day Avg. Volume424,199
Financial Highlights & Ratios
PEG Ratio0.62
Price to Book (P/B)4.53
Price to Sales (P/S)0.00
P/FCF Ratio-47.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.50Price Target Upside11.94% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Midas Minerals Limited Business Overview & Revenue Model
Company Description
Midas Minerals Limited specializes in the exploration and assessment of mineral resources. The company primarily targets gold and base metals within Western Australia's Eastern Goldfields region. Its portfolio includes several key ventures: the We...
How the Company Makes Money
Midas Minerals Limited does not typically generate stable operating revenue in the way a mature producer does; as an exploration-stage company, funding and value realization are generally tied to capital markets and project-level transactions. Whe...
Midas Minerals Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -134.75K | -72.69K | -29.98K | 0.00 | -22.67K | 0.00 |
| EBITDA | -4.62M | -3.00M | -3.83M | -4.98M | -1.73M | -773.10K |
| Net Income | -5.26M | -2.77M | -3.86M | -5.31M | -1.75M | -1.02M |
Balance Sheet | ||||||
| Total Assets | 45.44M | 20.91M | 5.43M | 6.38M | 7.66M | 8.22M |
| Cash, Cash Equivalents and Short-Term Investments | 29.15M | 8.78M | 1.12M | 1.15M | 2.50M | 6.08M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 355.54K | 376.25K | 225.74K | 261.23K | 320.57K | 165.36K |
| Stockholders Equity | 45.08M | 20.54M | 5.20M | 6.12M | 7.34M | 8.05M |
Cash Flow | ||||||
| Free Cash Flow | -2.17M | -1.95M | -2.58M | -3.80M | -3.51M | -2.88M |
| Operating Cash Flow | -1.72M | -1.68M | -1.31M | -1.25M | -810.82K | -1.14M |
| Investing Cash Flow | -12.28M | -7.82M | -1.27M | -2.55M | -2.70M | -1.74M |
| Financing Cash Flow | 39.17M | 17.21M | 2.48M | 2.45M | -69.00K | 5.54M |
Midas Minerals Limited Technical Analysis
Negative
1.34
Price Trends
1.17
Negative
1.04
Negative
0.95
Negative
Market Momentum
-0.07
Positive
35.40
Neutral
60.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MM1, the sentiment is Negative. The current price of 1.34 is above the 20-day moving average (MA) of 1.00, above the 50-day MA of 1.17, and above the 200-day MA of 0.95, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 35.40 is Neutral, neither overbought nor oversold. The STOCH value of 60.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MM1.
Midas Minerals 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% | |
53 Neutral | AU$226.42M | -22.26 | -20.39% | ― | ― | -8.63% | |
51 Neutral | AU$228.01M | -35.00 | -16.03% | ― | ― | -50.29% | |
44 Neutral | AU$116.24M | -11.82 | -6.06% | ― | ― | -2150.00% | |
44 Neutral | AU$89.94M | -2.16 | -118.73% | ― | ― | -7.77% | |
44 Neutral | AU$201.53M | -2.70 | -90.08% | ― | 56.44% | -131.56% |
* Basic Materials Sector Average
AU:MM1
Midas Minerals Limited
0.92
0.49
113.95%
AU:STK
Strickland Metals Ltd
0.04
-0.15
-76.84%
AU:MKR
Manuka Resources Ltd
0.05
<0.01
4.17%
AU:CNB
Carnaby Resources Ltd.
0.82
0.40
95.24%
AU:MPK
Many Peaks Gold Ltd.
1.06
0.36
51.43%
AU:BHM
Coolabah Metals Ltd.
0.47
-0.33
-41.25%
Midas Minerals Limited Corporate Events
Midas Minerals Extends Spaatzu Copper-Silver Strike at Namibia’s Otavi Project
Oct 11, 2026
Midas Minerals has extended the known strike length of its Spaatzu copper-silver deposit at the Otavi Copper Project in Namibia to at least 1.5km, underpinned by recent step-out drilling on the south-eastern extension. New reverse circulation dril...
Midas Minerals Seeks ASX Quotation for 680,000 New Shares
Oct 8, 2026
Midas Minerals Ltd has applied to the Australian Securities Exchange for quotation of 680,000 new ordinary fully paid shares under its existing MM1 ticker. The new securities were issued on October 8, 2026, slightly expanding the company’s l...
Midas Minerals Extends High-Grade Copper-Silver Zone at Namibia’s T-13 Deposit
Oct 5, 2026
Midas Minerals has reported further high-grade copper-silver drill results from infill drilling at the T-13 deposit within its Otavi Copper Project in Namibia, with notable intercepts including 22.6m at 6.01% CuEq and 33.2m at 2.51% CuEq from arou...
Midas Minerals Tightens MD Incentives Around Otavi Copper Growth
Sep 17, 2026
Midas Minerals has revamped the incentive remuneration package for Managing Director Mark Calderwood, tying both short-term cash incentives and long-term performance rights to the advancement of its Otavi Copper Project and broader resource growth...
Midas Minerals Ramps Up Drilling After High-Grade Copper Hits at Deblin
Sep 13, 2026
Midas Minerals has reported further high-grade copper intercepts from ongoing diamond and RC drilling at the Deblin deposit within its Otavi Copper Project in Namibia. New assay results confirm multiple thick zones of strong copper grades and show...
Midas Minerals Tables Half-Year 2026 Interim Financial Report
Sep 10, 2026
Midas Minerals Limited has released its interim financial report for the half year ended 30 June 2026, providing shareholders with updated financial statements and notes for the consolidated group. The report includes the directors’ report, ...
Midas Minerals Seeks ASX Quotation for Additional Shares
Sep 8, 2026
Midas Minerals Ltd is an Australia-listed mineral exploration company whose ordinary fully paid shares trade on the ASX under the code MM1. The business provides investors with exposure to the resources sector via equity in its exploration and dev...
Midas Minerals Reaffirms High-Grade Otavi Copper-Silver Resource
Sep 4, 2026
Midas Minerals Ltd, an ASX-listed explorer, operates in the mineral resources industry with a focus on copper, silver and gold, particularly at its Otavi Project. The company reports its exploration results and mineral resources under the JORC Cod...
Midas Minerals Updates Director Michael Bohm’s Shareholdings After Performance Rights Conversion
Aug 20, 2026
Midas Minerals has reported changes in the equity holdings of director Michael Bohm, outlining movements across personal, family trust, and superannuation fund-related accounts. The filing confirms the company’s ongoing adherence to ASX disc...
Midas Minerals Seeks Quotation for 850,000 New ASX Shares
Aug 20, 2026
Midas Minerals Ltd has applied for quotation of 850,000 new ordinary fully paid shares on the ASX, with the securities issued on 19 August 2026. The move modestly increases the company’s share capital and signals continued use of equity mark...
Midas extends high-grade copper-silver zone at Namibia’s Spaatzu prospect
Aug 17, 2026
Midas Minerals has reported wide, high-grade copper and silver intercepts from the south-eastern extension of the Spaatzu Prospect at its Otavi Copper Project in Namibia. The latest drilling has outlined consistent, shallow mineralisation dominate...
Midas Minerals Issues 1.8 Million Unquoted Performance Rights Under Staff Incentive Plan
Aug 14, 2026
Midas Minerals Ltd has notified the market of the issuance of 1,817,500 unquoted performance rights under its employee incentive scheme. The rights, classified as MM1AI performance rights, were issued on 11 August 2026 and are not intended to be q...
Midas hits wide high-grade copper zones at Deblin in Namibia
Aug 9, 2026
Midas Minerals has reported strong initial assay results from its first diamond drill hole at the Deblin copper-gold-silver deposit within the Otavi Copper Project in Namibia, intersecting two wide zones of high-grade copper mineralisation with no...
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.