Legend Mining Limited (AU:LEG)
ASX:LEG
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Legend Mining Limited
(Sydney:LEG)
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Rating:42Neutral
Price Target:
AU$0.01
▲(10.00% Upside)
Action:UpgradedDate:01/08/26
The score is primarily constrained by weak financial performance: steep revenue decline, very large losses, and negative operating/free cash flow, partially offset by minimal balance-sheet leverage. Technicals add risk due to overextended momentum (RSI 100, high Stoch) alongside a negative MACD. Valuation is also pressured because the company is loss-making (negative P/E) and dividend yield is unavailable.
Positive Factors
Minimal leverage
Extremely low debt provides durable financial flexibility for an exploration company, lowering bankruptcy risk and preserving capacity to pursue drilling or partner-funded programs. It supports capital structure resilience over the next several months while cash needs are managed.
Negative Factors
Severe revenue collapse and large losses
An 89% revenue decline and extremely negative net margin signal fundamental operational deterioration. Persistent large losses erode equity and impede reinvestment in exploration, making sustainable progress or attracting long-term partners more difficult without corrective action.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal leverage
Extremely low debt provides durable financial flexibility for an exploration company, lowering bankruptcy risk and preserving capacity to pursue drilling or partner-funded programs. It supports capital structure resilience over the next several months while cash needs are managed.
Read all positive factors
Legend Mining Limited (LEG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$26.23M
Dividend YieldN/A
Average Volume (3M)702.70K
Price to Earnings (P/E)―
Beta (1Y)0.58
Revenue GrowthN/A
EPS Growth60.00%
CountryAU
Employees8
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding2,914,477,300
10 Day Avg. Volume1,543,504
30 Day Avg. Volume702,704
Financial Highlights & Ratios
PEG Ratio-1.13
Price to Book (P/B)0.71
Price to Sales (P/S)6260.86
P/FCF Ratio-50.08
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
Legend Mining Limited Business Overview & Revenue Model
Company Description
Legend Mining Limited engages in the exploration and evaluation of mineral properties in Australia. The company primarily explores for nickel, copper, cobalt, zinc, silver, and gold deposits. It holds interests in the Rockford project consisting o...
How the Company Makes Money
Legend Mining Limited generates revenue primarily through the exploration and eventual development of mineral resources. The company focuses on identifying and acquiring promising land for mineral exploration, which can lead to the discovery of ec...
Legend Mining Limited Financial Statement Overview
Summary
Income Statement
15
Very Negative
Balance Sheet
40
Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.57K | 5.57K | 50.80K | 13.07K | 26.70K | 21.38K |
| Gross Profit | -73.53K | -74.52K | 50.80K | -66.21K | -51.59K | -39.17K |
| EBITDA | -1.61M | -5.44M | -5.33M | -898.00K | -53.77K | -780.00K |
| Net Income | -3.58M | -5.25M | -5.02M | -1.49M | -66.18K | -1.06M |
Balance Sheet | ||||||
| Total Assets | 46.46M | 49.55M | 55.22M | 64.29M | 63.54M | 56.14M |
| Cash, Cash Equivalents and Short-Term Investments | 11.74M | 11.20M | 11.53M | 12.71M | 18.26M | 25.24M |
| Total Debt | 159.94K | 73.88K | 110.10K | 63.74K | 106.63K | 55.73K |
| Total Liabilities | 709.64K | 748.49K | 1.28M | 12.13M | 10.12M | 6.28M |
| Stockholders Equity | 45.75M | 48.80M | 53.94M | 52.16M | 53.42M | 49.86M |
Cash Flow | ||||||
| Free Cash Flow | -299.26K | -696.75K | -6.88M | -8.39M | -13.33M | -10.74M |
| Operating Cash Flow | -855.73K | -696.75K | -775.71K | -471.78K | 222.57K | 110.21K |
| Investing Cash Flow | -376.78K | 370.86K | -6.10M | -4.98M | -10.17M | -10.77M |
| Financing Cash Flow | -100.25K | -99.15K | 5.69M | -94.40K | 3.02M | 25.72M |
Legend Mining 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% | |
52 Neutral | AU$87.23M | -4.90 | -10.28% | ― | ― | 11.11% | |
45 Neutral | AU$48.65M | -2.13 | -29.24% | ― | ― | 42.65% | |
45 Neutral | AU$14.44M | -3.54 | -14.48% | ― | ― | ― | |
42 Neutral | AU$26.23M | -1.73 | -31.61% | ― | ― | 60.00% | |
42 Neutral | AU$18.41M | -24.16 | -108.69% | ― | ― | 36.67% | |
41 Neutral | AU$20.62M | -7.09 | -51.58% | ― | -100.00% | 8.51% |
* Basic Materials Sector Average
AU:LEG
Legend Mining Limited
0.01
0.00
0.00%
AU:GBE
Globe Metals & Mining Limited
0.09
0.06
220.69%
AU:COD
Coda Minerals Ltd
0.13
0.05
62.50%
AU:REE
RareX Limited
0.02
>-0.01
-26.09%
AU:AKO
Akora Resources Ltd.
0.08
-0.04
-34.13%
AU:SUH
Southern Hemisphere Mining Limited
0.03
<0.01
4.17%
Legend Mining Limited Corporate Events
Legend Mining Identifies New Gold Anomalies at Pinnacle Well
Dec 7, 2025
Legend Mining Limited has identified two new high priority gold soil anomalies at its Pinnacle Well Project in Western Australia. The company is conducting geophysical surveys over these anomalies to aid in drill planning and has signed a Heritage...
Legend Mining Expands Pinnacle Well Project with Strategic Acquisitions
Nov 4, 2025
Legend Mining Limited has expanded its Pinnacle Well Project by acquiring 100% interests in two exploration licenses, E37/1235 and E37/1417, and securing a Right of First Refusal over seven additional tenements in the Linger and Die Goldfield. Thi...
Legend Mining Limited Reports Quarterly Cash Flow with Focus on Exploration
Oct 20, 2025
Legend Mining Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $161,000, primarily due to administration and corporate costs. The company also experienced cash outflows from investing activitie...
Legend Mining Advances Pinnacle Well Project and Explores New Opportunities
Oct 20, 2025
Legend Mining Limited announced the settlement of the Pinnacle Well Project, where it has conducted extensive reviews of exploration data and plans to carry out further soil sampling and geophysical surveys. The company also continued negotiations...
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
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