Megado Gold Ltd. (AU:MEG)
ASX:MEG
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Megado Gold Ltd.
(Sydney:MEG)
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Rating:47Neutral
Price Target:
AU$0.03
▲(6.67% Upside)
Action:ReiteratedDate:01/14/26
The score is primarily constrained by weak financial performance (no revenue, recurring losses, and negative free cash flow despite improvement) and limited valuation support (negative P/E, no dividend). Technicals provide some offset due to strong trend and positive MACD, but extremely overbought RSI elevates pullback risk.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet materially lowers financial risk for a pre-revenue explorer. It preserves flexibility to time capital raises, avoid restrictive covenants, and prioritize drilling budgets. This structural strength supports survival through commodity cycles and funds program optionality.
Negative Factors
Pre-revenue, persistent losses
Being pre-revenue with recurring, material losses limits intrinsic cash generation and forces reliance on external funding. Structural unprofitability increases dilution risk and reduces the company’s ability to self-fund exploration or advancement to development without repeated capital raises over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet materially lowers financial risk for a pre-revenue explorer. It preserves flexibility to time capital raises, avoid restrictive covenants, and prioritize drilling budgets. This structural strength supports survival through commodity cycles and funds program optionality.
Read all positive factors
Megado Gold Ltd. (MEG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$12.27M
Dividend YieldN/A
Average Volume (3M)691.00K
Price to Earnings (P/E)―
Beta (1Y)2.03
Revenue GrowthN/A
EPS Growth-464.29%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding645,683,300
10 Day Avg. Volume419,585
30 Day Avg. Volume691,002
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.68
Price to Sales (P/S)0.00
P/FCF Ratio-7.19
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
Megado Gold Ltd. Business Overview & Revenue Model
Company Description
Megado Minerals Limited operates as a mineral exploration company in North America. It explores for rare earth elements and lithium. The company holds 100% interest in North Fork Rare Earth Project comprising 499 mining lode claims covering approx...
How the Company Makes Money
Megado Gold Ltd. makes money through the exploration and development of gold mining projects. The primary revenue stream arises from the discovery and extraction of gold, which is then sold in the commodities market. The company may also engage in...
Megado Gold Ltd. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
55
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -3.83M | -4.14M | -1.37M | -7.76M | -1.02M | -1.22M |
| Net Income | -3.83M | -4.14M | -1.37M | -7.76M | -1.02M | -1.22M |
Balance Sheet | ||||||
| Total Assets | 9.69M | 6.81M | 9.00M | 4.92M | 7.33M | 8.98M |
| Cash, Cash Equivalents and Short-Term Investments | 2.26M | 2.12M | 1.14M | 853.12K | 1.24M | 5.02M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 89.41K | 106.41K | 47.37K | 244.33K | 164.62K | 358.63K |
| Stockholders Equity | 8.99M | 6.71M | 8.95M | 4.67M | 6.73M | 8.07M |
Cash Flow | ||||||
| Free Cash Flow | -332.49K | -630.02K | -2.36M | -2.69M | -3.77M | -1.56M |
| Operating Cash Flow | -332.14K | -630.02K | -874.49K | -968.31K | -1.00M | -1.10M |
| Investing Cash Flow | 470.56K | -317.33K | -1.48M | -1.68M | -2.77M | -463.96K |
| Financing Cash Flow | 2.21M | 1.92M | 2.65M | 2.26M | 0.00 | 6.36M |
Megado Gold Ltd. Technical Analysis
Negative
0.03
Price Trends
0.03
Negative
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Positive
4.68
Positive
-23.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MEG, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 4.68 is Positive, neither overbought nor oversold. The STOCH value of -23.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MEG.
Megado Gold 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% | |
47 Neutral | AU$12.27M | -3.84 | -48.85% | ― | ― | -464.29% | |
45 Neutral | AU$15.65M | -3.54 | -14.48% | ― | ― | ― | |
44 Neutral | AU$12.86M | -3.15 | -380.81% | ― | ― | -32.39% | |
43 Neutral | AU$13.12M | -13.13 | -5.53% | ― | ― | -25.00% | |
43 Neutral | AU$8.13M | -0.86 | -330.25% | ― | ― | 43.46% |
* Basic Materials Sector Average
AU:MEG
Megado Gold Ltd.
0.02
<0.01
35.71%
AU:CR1
Constellation Resources Ltd.
0.16
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-15.79%
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Vanadium Resources Ltd.
0.02
<0.01
5.00%
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Akora Resources Ltd.
0.09
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CropLogic Ltd.
0.05
<0.01
6.00%
Megado Gold Ltd. Corporate Events
Megado Minerals Advances Iberian Copper Project as Canadian Lithium-Gold Assets Bolster Portfolio
Jan 27, 2026
Megado Minerals has outlined its December 2025 quarter activities, highlighting progress at its Iberian Copper Project in northern Spain, where it controls 12 permits over 956km² in a historically productive copper belt hosting at least 12 fo...
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.