Medallion Metals Ltd (AU:MM8)
ASX:MM8
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Medallion Metals Ltd
(Sydney:MM8)
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Rating:48Neutral
Price Target:
AU$0.46
▲(8.33% Upside)
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
Balance Sheet Health
A low debt-to-equity ratio (0.12) provides durable financial flexibility for a project-focused explorer. Manageable leverage reduces insolvency risk and preserves capacity to raise or deploy capital for drilling and development without large interest burdens, supporting multi‑stage project advancement.
Negative Factors
Declining Revenue
A nearly 25% revenue decline indicates weakening top-line traction and reduced near-term commercialization progress. Persistently falling revenue makes it harder to fund exploration internally, increases reliance on capital markets, and raises execution risk for advancing projects toward production.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Health
A low debt-to-equity ratio (0.12) provides durable financial flexibility for a project-focused explorer. Manageable leverage reduces insolvency risk and preserves capacity to raise or deploy capital for drilling and development without large interest burdens, supporting multi‑stage project advancement.
Read all positive factors
Medallion Metals Ltd (MM8) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$326.83M
Dividend YieldN/A
Average Volume (3M)1.66M
Price to Earnings (P/E)―
Beta (1Y)1.09
Revenue GrowthN/A
EPS Growth-106.06%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding797,137,300
10 Day Avg. Volume1,879,966
30 Day Avg. Volume1,660,449
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.01
Revenue Forecast (FY)N/A
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
Negative
0.42
Price Trends
0.43
Negative
0.43
Negative
0.44
Negative
Market Momentum
<0.01
Positive
45.49
Neutral
34.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MM8, the sentiment is Negative. The current price of 0.42 is below the 20-day moving average (MA) of 0.43, below the 50-day MA of 0.43, and below the 200-day MA of 0.44, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.49 is Neutral, neither overbought nor oversold. The STOCH value of 34.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
48 Neutral | AU$326.83M | -20.54 | -22.04% | ― | ― | -106.06% | |
| ― | AU$80.61M | ― | -41.06% | ― | ― | -107.69% | |
57 Neutral | AU$162.91M | -18.77 | -17.75% | ― | ― | 27.40% | |
47 Neutral | AU$85.58M | -5.28 | -52.73% | ― | ― | -2.45% | |
46 Neutral | AU$36.74M | -11.22 | -14.46% | ― | ― | -67.35% |
* Basic Materials Sector Average
AU:MM8
Medallion Metals Ltd
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Medallion Metals Ltd Corporate Events
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...
Medallion Metals Targets Early Cashflow With Interim Forrestania Processing Plan
Apr 23, 2026
Medallion Metals is advancing plans to refurbish and repurpose the Cosmic Boy Concentrator at its recently acquired Forrestania Gold Project to establish short-term gold processing capacity. By using existing plant, stockpiled ore and conventional...
Medallion Metals Seeks ASX Quotation for 716,167 New Shares
Mar 25, 2026
Medallion Metals Ltd has applied for quotation on the ASX of 716,167 new ordinary fully paid shares under its existing ticker MM8. The new securities, issued on 25 March 2026 following the exercise or conversion of existing instruments, will modes...
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.