Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
An update from Legacy Iron Ore Ltd ( (AU:LCY) ) is now available.
Legacy Iron Ore Ltd has concluded Phase I mining operations under the Right to Mine Agreement at its Mt Celia Gold Project and is shifting focus toward an owner-led development strategy, including plans for on-site heap leach processing infrastructure. The company will continue to receive fixed monthly payments of $0.3 million until stockpile haulage is completed, with scoping studies for long-term growth underway, signaling preparation for future expansion and enhanced operational efficiency.
The most recent analyst rating on (AU:LCY) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Legacy Iron Ore Ltd stock, see the AU:LCY Stock Forecast page.
More about Legacy Iron Ore Ltd
Legacy Iron Ore Limited is a Western Australian mining company focused on the development and exploration of iron ore, base metals, tungsten, and gold. The company’s mission is to enhance shareholder value through discovering, developing, and operating profitable mining assets, with key projects including the Mt Bevan Iron Ore and South Laverton Gold projects.
Average Trading Volume: 1,400,735
Technical Sentiment Signal: Sell
Current Market Cap: A$79.34M
See more insights into LCY stock on TipRanks’ Stock Analysis page.