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Lexington Gold
(LSE:LEX)
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Rating:42Neutral
Price Target:
3.00 p
▼(-25.00% Downside)
Action:Reiterated
Date:06/24/26
The score is primarily held down by weak financial performance (pre-revenue profile with recurring losses and persistent negative cash flow) and bearish technical signals (price below key moving averages with negative MACD). Valuation is also a headwind due to a negative P/E and no dividend yield data.
Positive Factors
Low leverage
Sustained very low debt-to-equity (~0.03 in 2025) reduces solvency and interest-rate risk, giving management structural flexibility to fund exploration via equity or modest financing. For an exploration company, low leverage materially lowers the chance of near-term distress and supports multi-quarter project activity.
Negative Factors
No revenue / persistent losses
A multi-year absence of operating revenue and recurrent negative EBIT reflect an early-stage exploration profile without operating scale. Structurally, lack of revenue means value creation depends on successful discovery or asset sales, raising execution risk and extending the timeline to sustainable margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Sustained very low debt-to-equity (~0.03 in 2025) reduces solvency and interest-rate risk, giving management structural flexibility to fund exploration via equity or modest financing. For an exploration company, low leverage materially lowers the chance of near-term distress and supports multi-quarter project activity.
Read all positive factors
Lexington Gold (LEX) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£14.69M
Dividend YieldN/A
Average Volume (3M)500.58K
Price to Earnings (P/E)―
Beta (1Y)0.11
Revenue GrowthN/A
EPS Growth18.18%
CountryUK
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding473,861,080
10 Day Avg. Volume499,065
30 Day Avg. Volume500,580
Financial Highlights & Ratios
PEG Ratio2.93
Price to Book (P/B)1.48
Price to Sales (P/S)0.00
P/FCF Ratio-11.53
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
Lexington Gold Business Overview & Revenue Model
Company Description
Lexington Gold Ltd specializes in the identification and advancement of gold mining ventures throughout the United States. The company's portfolio comprises four distinct projects, collectively encompassing roughly 1,550 acres within North and Sou...
How the Company Makes Money
Lexington Gold is primarily an exploration-stage company. Specific, recurring operating revenue streams (e.g., gold sales, processing income, or contract services) are not available from the information provided here; therefore, detailed revenue c...
Lexington Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
54
Neutral
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -969.93K | -833.00K | -621.05K | -708.00K | -1.02M |
| Net Income | -548.26K | -567.00K | 50.00K | -924.00K | -1.02M |
Balance Sheet | |||||
| Total Assets | 16.83M | 16.44M | 18.23M | 5.05M | 4.76M |
| Cash, Cash Equivalents and Short-Term Investments | 328.12K | 855.00K | 2.62M | 424.00K | 953.00K |
| Total Debt | 479.17K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 631.23K | 727.00K | 1.06M | 95.00K | 106.00K |
| Stockholders Equity | 14.52M | 13.96M | 14.53M | 3.99M | 3.69M |
Cash Flow | |||||
| Free Cash Flow | -1.87M | -1.82M | -1.22M | -1.48M | -1.94M |
| Operating Cash Flow | -1.04M | -935.00K | -729.00K | -684.00K | -678.00K |
| Investing Cash Flow | -809.64K | -895.00K | -780.00K | -792.00K | -1.26M |
| Financing Cash Flow | 1.16M | 0.00 | 3.79M | 969.00K | 0.00 |
Lexington Gold 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% | |
54 Neutral | £16.65M | -22.38 | -17.24% | ― | ― | -100.00% | |
46 Neutral | £12.49M | -4.38 | -10.29% | ― | -100.00% | -130.00% | |
45 Neutral | £7.09M | -10.00 | -24.33% | ― | ― | ― | |
44 Neutral | £6.16M | -37.68 | -2.46% | ― | ― | 77.01% | |
42 Neutral | £14.69M | -32.13 | -4.26% | ― | ― | 18.18% | |
42 Neutral | £8.54M | -7.08 | -14.14% | ― | ― | 86.31% |
* Basic Materials Sector Average
GB:LEX
Lexington Gold
3.10
-0.35
-10.14%
GB:ECR
ECR Minerals
0.20
-0.02
-9.09%
GB:ORR
Oriole Resources PLC
0.34
0.11
47.83%
GB:WSBN
Wishbone Gold
22.50
-35.50
-61.21%
GB:XTR
Xtract Resources
1.05
0.30
40.00%
GB:CGNR
Conroy Gold and Natural Resources
8.00
1.50
23.08%
Lexington Gold Corporate Events
Business Operations and Strategy
Lexington Gold hires Shango Solutions to advance Kroonstad to JORC exploration target
Positive
Jul 8, 2026
Lexington Gold Ltd, a gold exploration and development company with projects in South Africa and the United States, is advancing its Witwatersrand Basin portfolio through systematic technical studies. Its South African interests, held via 74%-owne...
Business Operations and StrategyDelistings and Listing ChangesM&A Transactions
Lexington Gold to Vend U.S. Projects into GoldOz Ahead of ASX Re‑listing
Positive
Jun 24, 2026
Lexington Gold has signed a binding agreement to sell 100% of Global Asset Resources, which holds its 51% stakes in three North Carolina gold projects, to GoldOz, forming the cornerstone of GoldOz’s planned re-listing on the ASX. In return, ...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresLegal ProceedingsM&A TransactionsPrivate Placements and Financing
Lexington Gold Narrows Loss, Secures South African Assets and Advances Jelani Mining Right
Positive
Jun 22, 2026
Lexington Gold reported a narrowed net loss of US$0.83 million for 2025, with total assets rising to US$16.8 million and liabilities at US$0.6 million, while year-end cash stood at US$0.3 million. The company bolstered its balance sheet after the ...
Business Operations and StrategyRegulatory Filings and Compliance
Lexington Gold touts Witwatersrand growth as Jelani mining right advances
Positive
Jun 16, 2026
Lexington Gold has published an updated corporate presentation highlighting progress across its South African gold portfolio, particularly its Witwatersrand Basin assets led by the flagship Jelani JV Project with Harmony Gold. The company now repo...
Business Operations and StrategyRegulatory Filings and Compliance
Lexington Gold Secures Key Step in Mining Right Process for South African Jelani JV
Positive
Jun 1, 2026
Lexington Gold’s joint venture vehicle Jelani Resources has secured formal acceptance of its Mining Right application for the Jelani JV Project in South Africa from the Department of Mineral and Petroleum Resources. The decision preserves th...
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.