METRO MINING LIMITED (MMI)
Share Price Analysis and Chart

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MMI

MMI - METRO MINING LIMITED

FNArena Sector : Coal
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 0.71
Index: ALL-ORDS

Metro Mining produces bauxite at the Bauxite Hills Mine on Cape York in Far North Queensland, supplying overseas alumina producers.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.70

26 Oct
2026

-0.020

OPEN

$0.71

-2.78%

HIGH

$0.71

4,481,606

LOW

$0.69

TARGET
$1.75 150.0% upside
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
MMI: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 46.7 - 0.1 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx46.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx378.4 M
Book Value Per Share xxxxxxxxxxxxxxx61.2
Net Operating Cash Flow xxxxxxxxxxxxxxx65.8 M
Net Profit Margin xxxxxxxxxxxxxxx37.62 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx125.14 %
Return on Invested Capital xxxxxxxxxxxxxxx82.64 %
Return on Assets xxxxxxxxxxxxxxx47.09 %
Return on Equity xxxxxxxxxxxxxxx125.14 %
Return on Total Capital xxxxxxxxxxxxxxx47.04 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx55.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx50 M
Long Term Debt xxxxxxxxxxxxxxx40 M
Total Debt xxxxxxxxxxxxxxx90 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx63 M
Price To Book Value xxxxxxxxxxxxxxx2.49

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx11.6 M
Capex % of Sales xxxxxxxxxxxxxxx3.08 %
Cost of Goods Sold xxxxxxxxxxxxxxx309 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-31 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx51 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

21/10/2026

1

Buy

$1.75

150.00%

Metro Mining has lowered its 2026 shipment guidance to 6.0–6.5Mt, reflecting ongoing operational challenges, including labour shortages, mining productivity and shipping constraints, Ord Minnett highlights.

The analyst retains its forecast of 6.3Mt for 2026 and 7.35Mt for 2027, although achieving higher volumes will depend on improved execution and sufficient stockpiles ahead of the wet season.

Higher shipments above 7Mtpa are expected to deliver meaningful cost benefits through better utilisation of existing infrastructure, supporting a recovery in profitability, the broker flags.

Buy rating and $1.75 target retained.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.10 cents.
Ord Minnett forecasts a full year FY27 dividend of 0.00 cents and EPS of 27.60 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

21/10/2026

1

Buy

$2.60

271.43%

Shaw and Partners maintains its Buy rating for Metro Mining with its target price maintained at $2.60 following a reduction in 2026 bauxite shipment guidance to 6.0Mt-6.5Mt from 6.6Mt-7.1Mt.

Operational disruptions during the September quarter stemmed from channel sand-bank issues and staff shortages, driving additional wage and labour hire expenses.

These cost pressures caused a -$11m (-28%) reduction in Shaw and Partners's 2026 EBITDA estimates to $29m, alongside a -2% reduction in revenue forecasts to $372m and lower NPAT projections of -$9m.

Despite three consecutive years of missed initial targets, the balance sheet remains in its strongest condition since post-pandemic recoveries, underpinned by ongoing debt reductions.

The analyst points to potential recovery catalysts over coming months, including strong year-end shipments, favourable dry-wet-season conditions, and proposed bauxite export restrictions in Guinea.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 5.00 cents and EPS of minus -3.00 cents.
Shaw and Partners forecasts a full year FY27 dividend of 30.00 cents and EPS of 32.40 cents.
Access Extra Coverage Research History >

MMI STOCK CHART

FNArena News on MMI

1
Australian Broker Call *Extra* Edition – Oct 21, 2026

Oct 21 2026 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Oct 14, 2026

Oct 14 2026 - Daily Market Reports
3
FNArena Corporate Results Monitor – 01-09-2026

Sep 01 2026 - Australia
4
Australian Broker Call *Extra* Edition – Aug 04, 2026

Aug 04 2026 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Jun 30, 2026

Jun 30 2026 - Daily Market Reports

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