Lexington Gold (LEX) AI Stock Analysis

• Market Cap: £18.24M
• Dividend Yield: N/A
• Average Volume (3M): 500.58K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.48
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 670
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.00
• Shares Outstanding: 473,861,080
• 10 Day Avg. Volume: 499,065
• 30 Day Avg. Volume: 500,580
• PEG Ratio: 0.04
• Price to Book (P/B): 1.27
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.75
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: 4.00p ▲(0.00% Upside)

The score is weighed down primarily by pre-revenue operations, widening losses, and ongoing cash burn, indicating continued funding needs. Technicals add modest pressure with weak momentum and price below key short-term moving averages. The strongest offset is the balance sheet position with zero reported debt, which helps reduce financial risk.

Lexington Gold Business Overview & Revenue Model

Company Description

Lexington Gold Ltd engages in the exploration and development of gold projects in the United States. It holds interest in the four projects that covers a combined area of approximately 1,550 acres in North and South Carolina, the United States. The company was formerly known as Richland Resources Ltd and changed its name to Lexington Gold Ltd in December 2020. Lexington Gold Ltd is based in Hamilton, Bermuda.

How the Company Makes Money

Lexington Gold Financial Statement Overview

Summary

Overall financials reflect an early-stage, pre-revenue miner with widening losses in 2024 and persistent cash burn (negative operating and free cash flow). The main offset is a relatively stronger balance sheet with zero reported debt and a meaningful equity base, which reduces near-term financial risk versus leveraged peers.

Income Statement

The company is still pre-revenue (revenue is 0 across all reported years), so profitability is driven by costs rather than operating scale. Losses widened in 2024 (net loss of -567k vs. net income of 50k in 2023), and operating earnings remain meaningfully negative (EBIT -1.673m in 2024 vs. -0.770m in 2023). Overall, the income statement reflects an early-stage miner with limited operating leverage today and a volatile bottom line.

Balance Sheet

The balance sheet is a relative strength: total debt is reported as 0 in each period, which reduces financial risk and refinancing pressure. Equity is sizable (13.964m in 2024), though it declined modestly from 2023 (14.533m) and return on equity turned negative again in 2024 after a small positive in 2023, reflecting ongoing losses. Assets also stepped down in 2024 (16.441m vs. 18.231m in 2023), suggesting some balance-sheet contraction.

Cash Flow

Cash generation remains weak, with operating cash flow negative every year (including -935k in 2024 vs. -729k in 2023), indicating the business is consuming cash to fund operations. Free cash flow is also consistently negative and worsened in 2024 (-1.821m vs. -1.222m in 2023), pointing to continued funding needs. While free cash flow growth is shown as strongly positive in 2024, it is still negative in absolute terms, so the core issue remains persistent cash burn.

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	-961.00K	-833.00K	0.00	-708.00K	-1.02M	-674.00K
Net Income	-408.00K	-567.00K	50.00K	-924.00K	-1.02M	-712.00K
Balance Sheet
Total Assets	16.90M	16.44M	18.23M	5.05M	4.76M	5.45M
Cash, Cash Equivalents and Short-Term Investments	662.00K	855.00K	2.62M	424.00K	953.00K	2.90M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	593.00K	727.00K	1.06M	95.00K	106.00K	94.00K
Stockholders Equity	14.70M	13.96M	14.53M	3.99M	3.69M	4.38M
Cash Flow
Free Cash Flow	-1.67K	-1.82M	-1.22M	-1.48M	-1.94M	-784.00K
Operating Cash Flow	-1.08K	-935.00K	-729.00K	-684.00K	-678.00K	-266.00K
Investing Cash Flow	-599.00	-895.00K	-780.00K	-792.00K	-1.26M	-683.00K
Financing Cash Flow	682.00	0.00	3.79M	969.00K	0.00	3.84M

Lexington Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ORR	54 Neutral	£17.30M	-7.10	-16.46%	―	―	―
CGNR	51 Neutral	£11.93M	-15.50	-2.46%	―	―	―
WSBN	48 Neutral	£23.73M	-5.90	-14.14%	―	―	―
XTR	48 Neutral	£10.11M	-3.86	-10.29%	―	―	―
LEX	44 Neutral	£18.24M	-32.08	-4.26%	―	―	―

Lexington Gold Corporate Events

Lexington Gold Secures £350,000 Loan to Boost Gold Projects

Lexington Gold has secured a £350,000 unsecured convertible loan facility from major shareholders and board members, demonstrating strong internal support for the company’s strategy. The funding will advance the company’s South African gold projects, including the Jelani Joint Venture with Harmony Gold, and facilitate early-stage discussions regarding strategic options for its USA assets, providing financial flexibility without immediate equity dilution.