Minerals 260 Limited (AU:MI6)
ASX:MI6
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MI6 Stock Chart & Stats
AU$0.78
AU$0.00(0.00%)
At close: 4:00 PM EST
AU$0.78
AU$0.00(0.00%)
Day’s Range― - ―
52-Week RangeAU$0.10 - AU$0.83
Previous CloseN/A
Volume71.32K
Average Volume (3M)11.52M
Market Cap
AU$1.69B
Enterprise ValueAU$1.66B
Total Cash (Recent Filing)AU$31.17M
Total Debt (Recent Filing)AU$446.17K
Price to Earnings (P/E)―
Beta1.02
Next Earnings
Sep 18, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.01
Shares Outstanding2,263,627,700
10 Day Avg. Volume13,812,226
30 Day Avg. Volume11,516,671
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)0.38
Price to Sales (P/S)0.00
P/FCF Ratio-9.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.07Price Target Upside36.75% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.01
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Low LeverageVery low debt (debt-to-equity near zero in FY2025) materially reduces financial distress risk and preserves strategic optionality. For an exploration company this lowers insolvency risk during long project cycles, allowing more time to discover value before needing high‑cost financing.
Stronger Capital BaseA sharp increase in equity and total assets in FY2025 provides a clearer capital runway to fund ongoing exploration and appraisal. A larger capital base improves ability to finance drilling, attract joint ventures, and withstand multi‑year development timelines without immediate revenue.
Commodity & Jurisdiction ExposureTargeting lithium and gold in Western Australia aligns with durable structural tailwinds: battery‑metal demand and a tier‑one mining jurisdiction. This exposure increases the strategic value of discoveries, eases permitting/infrastructure access, and enhances attractiveness to offtake and JV partners long term.
Bears Say
Pre-revenue OperationsThe company reports no revenue across the reported periods, meaning value depends entirely on successful resource discovery and subsequent development or sale. This creates binary execution risk and a long, uncertain path to sustainable cash flows and profitability.
Persistent Operating LossesSizable, recurring operating losses erode equity and reduce flexibility to self‑fund exploration. Despite volatility in loss levels, there is no sustained trajectory to profitability, increasing the likelihood of repeated external funding and dilutive capital solutions over the medium term.
Ongoing Cash BurnMaterial negative operating and free cash flows over multiple years indicate continued dependence on external financing. Persistent cash burn heightens funding risk, can force dilutive equity raises or costly debt, and may delay or constrain exploration programs during unfavorable market windows.
Minerals 260 Limited News
MI6 FAQ
What was Minerals 260 Limited’s price range in the past 12 months?
Minerals 260 Limited lowest share price was AU$0.10 and its highest was AU$0.83 in the past 12 months.
What is Minerals 260 Limited’s market cap?
Minerals 260 Limited’s market cap is AU$1.69B.
When is Minerals 260 Limited’s upcoming earnings report date?
Minerals 260 Limited’s upcoming earnings report date is Sep 18, 2026 which is in 144 days.
How were Minerals 260 Limited’s earnings last quarter?
Minerals 260 Limited released its earnings results on Mar 09, 2026. The company reported -AU$0.011 earnings per share for the quarter, missing the consensus estimate of N/A by -AU$0.011.
Is Minerals 260 Limited overvalued?
According to Wall Street analysts Minerals 260 Limited’s price is currently Undervalued.
Does Minerals 260 Limited pay dividends?
Minerals 260 Limited does not currently pay dividends.
What is Minerals 260 Limited’s EPS estimate?
Minerals 260 Limited’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Minerals 260 Limited have?
Minerals 260 Limited has 2,263,627,700 shares outstanding.
What happened to Minerals 260 Limited’s price movement after its last earnings report?
Minerals 260 Limited reported an EPS of -AU$0.011 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -10.078%.
Which hedge fund is a major shareholder of Minerals 260 Limited?
Currently, no hedge funds are holding shares in AU:MI6
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Minerals 260 Limited Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
AU$1.07 (36.75% Upside)
AU$1.07 (36.75% Upside)
Blogger Sentiment
Bullish
AU:MI6 Sentiment 94%
Sector Average 75%
Sector Average 75%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
166.66%
12-Months-Change
Fundamentals
Return on Equity
-14.75%
Trailing 12-Months
Asset Growth
2000.17%
Trailing 12-Months
Company Description
Minerals 260 Limited
Minerals 260 Limited operates as a mineral exploration company in Australia. The company intends to hold a 100% interest in the Moora gold-nickel-copper-PGE project; an option to earn a 51% interest in the Koojan gold-nickel-copper-PGE project; and interest in the Dingo Rocks project and tenement applications at Yalwest. Minerals 260 Limited was incorporated in 2021 and is based in West Perth, Australia.
MI6 Stock 12 Month Forecast
Average Price Target
AU$1.07
▲(36.75% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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