Metals Exploration (MTL) AI Stock Analysis

• Market Cap: £313.30M
• Dividend Yield: N/A
• Average Volume (3M): 5.20M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.69
• Revenue Growth: 26.71%
• EPS Growth: -119.70%
• Country: UK
• Employees: 786
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): <0.01
• Shares Outstanding: 2,928,083,500
• 10 Day Avg. Volume: 6,323,093
• 30 Day Avg. Volume: 5,201,041
• PEG Ratio: -0.07
• Price to Book (P/B): 1.00
• Price to Sales (P/S): 0.70
• P/FCF Ratio: 1.68
• 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): 1.14
• Revenue Forecast (FY): £12.46B

• Rating: 54 Neutral
• Price Target: 11.50p ▲(4.07% Upside)

The overall stock score is primarily influenced by strong financial performance, with significant revenue growth and improved profitability metrics. However, technical analysis indicates bearish momentum, and valuation metrics suggest the stock may be overvalued, contributing to a lower overall score.

Positive Factors

Revenue Growth

Strong revenue growth indicates successful market penetration and increasing demand for the company's products, supporting long-term business sustainability.

Cash Flow Generation

Strong cash flow generation supports operational needs and strategic investments, providing financial flexibility and resilience against market fluctuations.

Improved Balance Sheet

A stronger balance sheet with improved equity and reduced debt enhances financial stability and reduces risk, allowing for better capital management.

Negative Factors

High Leverage

High leverage could pose a risk if revenue growth slows, potentially impacting the company's ability to meet financial obligations and invest in growth opportunities.

Profitability Volatility

Fluctuations in profitability may indicate challenges in maintaining consistent earnings, which could affect investor confidence and long-term financial planning.

Negative P/E Ratio

A negative P/E ratio reflects potential profitability issues, which may hinder the company's ability to attract investment and sustain growth over time.

Metals Exploration Business Overview & Revenue Model

Company Description

Metals Exploration plc identifies, acquires, explores for, and develop mining properties in the Western Pacific Rim region. The company primarily explores for precious and base metals. It owns 100% interest in the Runruno gold-molybdenum project located north of the Philippines. Metals Exploration plc was incorporated in 2004 and is based in London, the United Kingdom.

How the Company Makes Money

Metals Exploration generates revenue primarily through the sale of precious metals, particularly gold and silver, extracted from its mining operations. The company employs a revenue model based on the production and sale of these metals at market prices, which can fluctuate based on global commodity markets. Key revenue streams include the direct sale of mined gold and silver, as well as potential off-take agreements with larger mining companies or commodity traders. Additionally, MTL may benefit from partnerships with local and international firms that provide technology, expertise, and capital investment, further enhancing its operational efficiency and profitability. The company's earnings are also influenced by factors such as mining costs, exploration success, and regulatory developments in the regions where it operates.

Metals Exploration Financial Statement Overview

Summary

Metals Exploration has demonstrated robust financial performance with significant revenue growth and improved profitability metrics. The balance sheet has strengthened over time, although leverage remains a consideration. Cash flow generation is strong, supporting the company's operational needs and strategic investments. The overall outlook is positive, with the main risk being potential fluctuations in profitability and high leverage in earlier periods.

Income Statement

Metals Exploration has shown strong revenue growth over the past few years, increasing from $94.3 million in 2019 to $191.1 million in 2024. The company has successfully improved its gross profit margin, demonstrating efficient cost management, with the margin rising from approximately 19.6% in 2019 to 32.7% in 2024. The net profit margin has also been enhanced, though volatility in net income from 2023 to 2024 suggests some fluctuations in profitability. Overall, profitability metrics such as EBIT and EBITDA margins are robust, indicating solid operational performance.

Balance Sheet

The company's balance sheet shows improved equity over time, with stockholders' equity increasing significantly from a negative position in 2019. The debt-to-equity ratio has improved, reflecting reduced financial risk, although total liabilities remain substantial relative to assets. The equity ratio has risen, indicating a stronger equity position against total assets, which is a positive sign of financial stability. However, the high leverage in previous years suggests potential risk if revenue growth slows.

Cash Flow

Cash flow analysis reveals strong operational cash flow, with consistent growth in free cash flow, showcasing the company's ability to generate cash. The operating cash flow to net income ratio has been healthy, highlighting effective cash generation relative to net income. The free cash flow to net income ratio is positive, indicating good cash conversion from operations. The company has effectively managed capital expenditures, contributing to the positive cash flow situation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	168.96M	191.15M	166.68M	124.41M	129.84M	122.10M
Gross Profit	19.14M	62.52M	37.26M	32.74M	37.87M	38.84M
EBITDA	171.97M	90.25M	181.78M	44.60M	45.71M	43.45M
Net Income	141.54M	25.59M	119.25M	8.75M	11.29M	9.41M
Balance Sheet
Total Assets	213.22M	174.29M	181.48M	120.61M	129.65M	144.24M
Cash, Cash Equivalents and Short-Term Investments	6.58M	4.05M	340.00K	861.07K	4.74M	8.93M
Total Debt	0.00	6.89M	23.90M	81.98M	102.69M	127.41M
Total Liabilities	21.54M	40.74M	47.55M	102.84M	120.12M	145.35M
Stockholders Equity	191.68M	133.15M	133.93M	17.76M	9.52M	-1.11M
Cash Flow
Free Cash Flow	63.45M	79.42M	64.31M	29.96M	34.59M	15.32M
Operating Cash Flow	71.40M	85.47M	74.56M	38.19M	46.52M	28.13M
Investing Cash Flow	-8.58M	-8.90M	-10.25M	-8.23M	-11.87M	-12.56M
Financing Cash Flow	-56.69M	-45.69M	-64.80M	-33.82M	-39.67M	-12.00M

Metals Exploration Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 11.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MTL, the sentiment is Neutral. The current price of 11.05 is below the 20-day moving average (MA) of 11.97, below the 50-day MA of 12.85, and above the 200-day MA of 10.44, indicating a neutral trend. The MACD of -0.44 indicates Negative momentum. The RSI at 52.33 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:MTL.

Metals Exploration Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SRB	79 Outperform	£181.76M	6.27	35.69%	―	44.89%	120.82%
ALTN	78 Outperform	£233.97M	6.71	50.11%	―	61.98%	164.33%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MTL	54 Neutral	£313.30M	―	-7.90%	―	26.71%	-119.70%
AAZ	44 Neutral	£231.54M	-33.98	-11.68%	―	129.53%	70.68%

Metals Exploration Corporate Events

Metals Exploration PLC Announces Share Transactions and Voting Rights Update

Metals Exploration PLC announced the exercise of an option for 868,410 new ordinary shares, raising £71,991, and the purchase of 331,453 ordinary shares by Non-Executive Director Andrew Chubb. Following these transactions, the company will have 3,227,295,251 ordinary shares in issue, impacting the total voting rights and potentially affecting shareholder notifications under regulatory guidelines.

The most recent analyst rating on (GB:MTL) stock is a Hold with a £13.50 price target. To see the full list of analyst forecasts on Metals Exploration stock, see the GB:MTL Stock Forecast page.

Metals Exploration PLC Overcomes Q3 Challenges, Eyes Future Growth

Metals Exploration PLC announced its Q3 2025 results, highlighting a temporary pause in gold processing at Runruno due to cyanide contamination. Despite this setback, operations have resumed, and the company maintains its FY2025 production forecast. The contamination led to a decrease in gold sales and cash flow, but the company expects improved performance in Q4 2025. Development at La India, Nicaragua is progressing ahead of schedule, and exploration activities in Dupax, Philippines are underway, positioning the company for future growth.

The most recent analyst rating on (GB:MTL) stock is a Hold with a £13.50 price target. To see the full list of analyst forecasts on Metals Exploration stock, see the GB:MTL Stock Forecast page.

Metals Exploration PLC Announces Warrant Exercise and Share Issuance

Metals Exploration PLC has announced the exercise of warrants resulting in the issuance of 1,033,818 new ordinary shares, raising £62,546. This development will lead to an increase in the total number of voting rights to 2,927,041,383, impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:MTL) stock is a Hold with a £13.50 price target. To see the full list of analyst forecasts on Metals Exploration stock, see the GB:MTL Stock Forecast page.

Metals Exploration Advances La India Project with Timely Progress

Metals Exploration PLC announced significant progress in the development of its La India project in Nicaragua. The Rock Creek gold processing plant has arrived ahead of schedule, with equipment delivery to the site well advanced. The mine development earthworks are nearly complete, and construction of site infrastructure is progressing well. The company aims to commence gold production by the fourth quarter of 2026, reinforcing its strategic goals and potentially enhancing its industry positioning.

The most recent analyst rating on (GB:MTL) stock is a Hold with a £13.50 price target. To see the full list of analyst forecasts on Metals Exploration stock, see the GB:MTL Stock Forecast page.

Metals Exploration Reports Record Cash Flow and Expands Operations

Metals Exploration PLC reported record free cash flow and strong earnings for the first half of 2025, driven by operations at the Runruno project and favorable gold prices. The acquisition of Condor Gold and the commencement of the La India project in Nicaragua mark significant steps in the company’s expansion strategy, with plans for substantial drilling and development to increase gold resources and production capacity. The company remains committed to community engagement and safety, with ongoing initiatives in both the Philippines and Nicaragua.

The most recent analyst rating on (GB:MTL) stock is a Hold with a £13.50 price target. To see the full list of analyst forecasts on Metals Exploration stock, see the GB:MTL Stock Forecast page.

Metals Exploration Faces Temporary Gold Production Delay Due to Contamination

Metals Exploration PLC announced a six-week deferral of gold production at its Runruno site due to cyanide contamination impacting the BIOX circuit, caused by illegal mining activities. Despite the temporary halt, the company expects to meet its FY2025 production forecast, albeit at the lower end of the range, and has implemented new monitoring protocols to prevent future issues.

The most recent analyst rating on (GB:MTL) stock is a Hold with a £13.50 price target. To see the full list of analyst forecasts on Metals Exploration stock, see the GB:MTL Stock Forecast page.

Metals Exploration Secures Agreement with Artisanal Miners at La India Project

Metals Exploration PLC has successfully negotiated an agreement with artisanal miners at the La India project in Nicaragua, ensuring the removal of miners from the proposed open-pit area. The company is collaborating with the Nicaraguan government to create a sustainable mining framework that allows both small and large-scale mining to coexist, aiming to benefit local communities and minimize environmental impact.

Metals Exploration Advances Dupax Project with New Exploration License

Metals Exploration PLC has been granted an exploration license for the Dupax project in Northern Luzon, Philippines, where it has initiated a geophysical survey and plans a 2,500-meter drilling program. This development could potentially extend the life of the company’s Runruno processing operations by utilizing the existing infrastructure to process ore from Dupax, enhancing the project’s value and operational capacity.

Metals Exploration Commences Drilling at Promising Dupax Project

Metals Exploration PLC has been granted an exploration license for the Dupax project area in Northern Luzon, Philippines, where it has commenced an Induced Polarisation (IP) ground geophysics survey and plans a 2,500-meter drilling program. The Dupax project, located near the company’s existing Runruno ore processing facility, shows promising mineralization with historical high-grade gold and copper samples. The exploration aims to discover an economic resource that could extend the operational life of the Runruno processing plant, enhancing the value of both the Dupax project and the existing infrastructure.

Metals Exploration Advances La India Project with Early Plant Shipment

Metals Exploration PLC has announced the early shipment of the Rock Creek gold processing plant to Nicaragua, marking a significant step in the development of its La India project. The plant, acquired for $9.7 million, is expected to enhance the company’s processing capacity and is scheduled for reassembly in October 2025, with first gold production anticipated in Q4 2026. This strategic move underscores the company’s commitment to efficient project execution and risk management, aiming to deliver near-term value to stakeholders.