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Medallion Metals Ltd
(Sydney:MM8)
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Rating:48Neutral
Price Target:
AU$0.40
â–¼(-29.29% Downside)
Action:Reiterated
Date:06/16/26
The score is held back primarily by weak financial performance (declining revenue, persistent losses, and negative operating cash flow). Technicals are somewhat supportive with price trading above key moving averages, but valuation is penalized by negative earnings and no dividend data.
Positive Factors
Manageable Leverage
A low debt-to-equity ratio (0.12) gives Medallion Metals structural financial flexibility to fund near-term exploration or development without heavy interest burden. This supports capital allocation and reduces refinancing risk while projects advance over the next several months.
Negative Factors
Declining Revenue
A near-25% decline in revenue erodes scale and limits internally generated funds for exploration and development. Persisting top-line weakness constrains margin recovery, increases reliance on capital markets, and hampers sustained progress on projects over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
A low debt-to-equity ratio (0.12) gives Medallion Metals structural financial flexibility to fund near-term exploration or development without heavy interest burden. This supports capital allocation and reduces refinancing risk while projects advance over the next several months.
Read all positive factors
Medallion Metals Ltd (MM8) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$519.83M
Dividend YieldN/A
Average Volume (3M)1.36M
Price to Earnings (P/E)―
Beta (1Y)1.12
Revenue GrowthN/A
EPS Growth-106.06%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding928,262,300
10 Day Avg. Volume1,745,608
30 Day Avg. Volume1,363,302
Financial Highlights & Ratios
PEG Ratio-0.37
Price to Book (P/B)4.38
Price to Sales (P/S)94.31
P/FCF Ratio-10.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.99Price Target Upside76.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.03
Revenue Forecast (FY)AU$84.18M
Medallion Metals Ltd Business Overview & Revenue Model
Company Description
Medallion Metals Limited is an Australian entity primarily engaged in the discovery and assessment of mineral resources throughout the country. The company's core exploration efforts are directed towards unearthing deposits rich in valuable metals...
How the Company Makes Money
null...
Medallion Metals Ltd Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 366.94K | 1.11M | 1.86M | 3.03M | 2.14M | 503.47K |
| Gross Profit | 306.36K | 1.11M | 1.86M | 3.03M | 2.14M | 503.47K |
| EBITDA | -11.85M | -5.85M | -2.58M | -4.68M | -3.21M | -3.57M |
| Net Income | -12.14M | -6.13M | -2.94M | -5.09M | -3.60M | -3.77M |
Balance Sheet | ||||||
| Total Assets | 95.05M | 28.93M | 16.42M | 15.59M | 15.93M | 16.85M |
| Cash, Cash Equivalents and Short-Term Investments | 62.82M | 9.46M | 1.71M | 423.51K | 1.84M | 8.82M |
| Total Debt | 3.31M | 2.92M | 2.93M | 4.10M | 4.04M | 4.11M |
| Total Liabilities | 8.77M | 5.00M | 4.48M | 5.77M | 6.04M | 8.49M |
| Stockholders Equity | 86.28M | 23.93M | 11.94M | 9.82M | 9.89M | 8.36M |
Cash Flow | ||||||
| Free Cash Flow | -13.75M | -9.54M | -2.16M | -6.02M | -11.14M | -3.94M |
| Operating Cash Flow | -9.19M | -5.02M | -1.57M | -3.87M | -5.18M | -1.98M |
| Investing Cash Flow | -11.68M | -4.45M | -491.39K | -2.14M | -5.95M | -1.96M |
| Financing Cash Flow | 80.20M | 17.15M | 3.34M | 4.59M | 4.16M | 10.50M |
Medallion Metals Ltd Technical Analysis
Positive
0.56
Price Trends
0.47
Positive
0.45
Positive
0.44
Positive
Market Momentum
0.02
Positive
66.69
Neutral
45.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MM8, the sentiment is Positive. The current price of 0.56 is above the 20-day moving average (MA) of 0.53, above the 50-day MA of 0.47, and above the 200-day MA of 0.44, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 66.69 is Neutral, neither overbought nor oversold. The STOCH value of 45.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MM8.
Medallion Metals 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% | |
58 Neutral | AU$783.52M | -66.28 | -4.83% | 3.03% | ― | 30.19% | |
56 Neutral | AU$411.46M | -69.10 | -4.78% | ― | ― | 19.27% | |
48 Neutral | AU$519.83M | -27.72 | -22.04% | ― | ― | -106.06% | |
46 Neutral | AU$646.50M | -13.12 | -9.19% | 0.93% | 2.93% | 50.61% | |
44 Neutral | AU$512.60M | -288.89 | -1.01% | ― | ― | 68.42% | |
41 Neutral | AU$20.28M | -2.69 | -26.62% | ― | ― | -115.03% |
* Basic Materials Sector Average
AU:MM8
Medallion Metals Ltd
0.56
0.18
47.37%
AU:AUC
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Medallion Metals Ltd Corporate Events
Medallion Metals Extends High-Grade Gem Deposit at Ravensthorpe
Jul 26, 2026
Medallion Metals has reported a series of outstanding high-grade gold and copper intercepts from recent reverse circulation and diamond drilling at the Kundip Mining Centre, part of its Ravensthorpe Gold Project in Western Australia. The latest pr...
Medallion Metals Strikes Profit-Share Processing Deal for Forrestania Gold Feed
Jul 21, 2026
Medallion Metals has signed a non-binding term sheet with TG Metals for an ore processing and profit-share arrangement covering about 60,000 tonnes of gold-bearing stockpiles from TG Metals’ Van Uden project. The material will be treated at ...
Medallion Metals Expands Capital Base With New Share Issue
Jul 15, 2026
Medallion Metals has issued 2,625,000 new ordinary shares, expanding its share capital as detailed in an Appendix 2A lodged with the ASX on 15 July 2026. The issuance has been conducted without a full prospectus-style disclosure, relying instead o...
Medallion Metals Seeks ASX Quotation for 2.63 Million New Shares
Jul 15, 2026
Medallion Metals Ltd, listed on the ASX under ticker MM8, operates in the metals and mining sector with a focus on mineral exploration and development. The company uses ordinary fully paid shares to access equity markets and support the funding of...
Medallion Metals Options Lapse Trims Potential Future Equity
Jul 15, 2026
Medallion Metals Ltd has reported the lapse of 375,000 MM8AQ options, which were due to expire on April 30, 2028, after the conditions attached to these conditional rights were not satisfied or became incapable of being met. The cessation of these...
Medallion Metals Fast-Tracks Cashflow With Early Gold Production at Forrestania
Jul 14, 2026
Medallion Metals has approved an Early Production Strategy that will bring its Forrestania Gold Project into production in Q4 2026, around nine months before planned Ravensthorpe ore treatment begins. By repurposing the existing Cosmic Boy Concent...
Medallion Metals Confirms Second Advanced Gold Opportunity at Forrestania
Jul 7, 2026
Medallion Metals has identified the Teddy Bear deposit within its Forrestania Gold Project as a second advanced gold development opportunity, reinforcing the project as a central pillar of its growth strategy. The deposit, located on a granted min...
Medallion Metals Issues 8.95 Million Unlisted Employee Options
Jun 26, 2026
Medallion Metals Ltd has notified the market of the issue of 8,950,000 unlisted options with no exercise price, expiring on June 26, 2029, under its employee incentive scheme. The options, which are not intended to be quoted on the ASX, reflect th...
Medallion Metals Confirms Compliance on New Share Issue
Jun 17, 2026
Medallion Metals has issued 610,500 new ordinary shares, as previously flagged in its Appendix 2A filing on 17 June 2026, and has confirmed that these shares were issued without a prospectus under the disclosure exemptions in the Corporations Act....
Medallion Metals Seeks ASX Quotation for 610,500 New Shares
Jun 17, 2026
Medallion Metals has lodged an application with the ASX for quotation of 610,500 new ordinary fully paid shares under its MM8 ticker. The new securities were issued following the exercise or conversion of options or other convertible instruments, ...
Medallion Metals advances Cosmic Boy plant refurb as FEED confirms project costs
Jun 8, 2026
Medallion Metals has completed front end engineering and design for refurbishing the Cosmic Boy Concentrator to treat ore from its Ravensthorpe Gold Project, confirming capital estimates from its feasibility work. The company aims to boost process...
Medallion Metals boosts case for near-term production with high-grade Lounge Lizard gold results
Jun 2, 2026
Medallion Metals has reported another set of exceptional high-grade gold intercepts from historical drilling at the Lounge Lizard deposit within its Forrestania Gold Project in Western Australia. The company has now validated 212 historical drill ...
Medallion Metals Issues 332,500 New Shares Under Disclosure Exemption
May 27, 2026
Medallion Metals Limited has issued 332,500 new ordinary shares, expanding its share capital base as disclosed to the Australian Securities Exchange on 27 May 2026. The shares were issued without a prospectus or other disclosure document under the...
Medallion Metals Seeks ASX Quotation for Additional 332,500 Shares
May 27, 2026
Medallion Metals Ltd has applied to the ASX for quotation of 332,500 additional ordinary fully paid shares under its code MM8, with an issue date of May 27, 2026. The new shares arise from the exercise or conversion of existing options or other co...
Medallion Metals Issues 250,000 New Shares Under Disclosure Exemption
May 8, 2026
Medallion Metals Limited has issued 250,000 ordinary shares and notified the market that these securities were issued without a prospectus under the disclosure exemptions in the Corporations Act. The company confirmed it remains compliant with its...
Medallion Metals Lists 250,000 New Shares on ASX
May 8, 2026
Medallion Metals Ltd has applied for quotation on the ASX of 250,000 new ordinary fully paid shares, expanding its listed security base under the code MM8. The issuance follows the exercise of options or conversion of other securities, modestly in...
Medallion Metals cancels 458,833 lapsed options, tightening capital base
May 8, 2026
Medallion Metals has notified the market that two tranches of options, MM8AK and MM8AQ, have lapsed after their conditions were not met or became incapable of being satisfied. The cessation affects a total of 458,833 options, slightly reducing the...
Medallion Metals launches drilling at Forrestania after high-grade Lounge Lizard results
May 7, 2026
Medallion Metals has reported further high-grade historical drill results from the Lounge Lizard gold deposit at its Forrestania Gold Project in Western Australia, including multiple intersections above 7 grams per tonne of gold beneath the histor...
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.