MEDALLION METAL LIMITED (MM8)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

MM8 - MEDALLION METAL LIMITED

FNArena Sector : Gold & Silver

Year End: June

GICS Industry Group : Materials

Debt/EBITDA: -0.93

Index:

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$0.23 28 Mar 2025	0.015 OPEN $0.22	6.98% HIGH $0.24	2,961,553 LOW $0.22

TARGET

$0.27

17.4% upside

OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . ADT . ALK . AMI . ASL . AUE . BC8 . BEZ . BGL . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . DEG . EMR . EVN . EVR . FFM . FFM . FND . GMD . GOR . GPR . HGO . IGO . KCN . KGL . MAU . MEI . MEK . MML . NEM . NST . NVA . OBM . PDI . PNR . PRU . RMS . RRL . RSG . RXL . SBM . SMI . SPR . SSR . STM . STN . SVL . TBR . TCG . TRE . TTM . VAU . WAF . WGX . WIA .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY23 Actual	FY24 Actual	FY25 Forecast	FY26 Forecast
EPS (cps)	xxx	- 1.0	- 2.0	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: N/A

DIVIDEND YIELD CALCULATOR

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 © 2025 FactSet UK Limited. All rights reserved

Title	2019	2020	2021	2022	2023	2024
EPS Basic	xxx	xxx	xxx	xxx	xxx	-1.0
DPS All	xxx	xxx	xxx	xxx	xxx	0.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	0.8 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	3.9
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	-1.5 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	-387.90 %

EPS Basic

Negative
Growth
Slowing

DPS All

Negative
Growth
Slowing

Sales/Revenue

Negative
Growth
Slowing

Book Value Per Share

Negative
Growth
Slowing

Net Operating Cash Flow

Negative
Growth
Slowing

Net Profit Margin

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	-27.02 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	-20.49 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	-18.37 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	-27.02 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	-23.13 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	-1.5 M

Return on Capital Employed

Negative
Growth
Slowing

Return on Invested Capital

Negative
Growth
Slowing

Return on Assets

Negative
Growth
Slowing

Return on Equity

Negative
Growth
Slowing

Return on Total Capital

Negative
Growth
Slowing

Free Cash Flow ex dividends

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	0 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	3 M
Total Debt	xxx	xxx	xxx	xxx	xxx	3 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	-
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	2 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	1.39

Short-Term Debt

Negative
Growth
Slowing

Long Term Debt

Negative
Growth
Slowing

Total Debt

Negative
Growth
Slowing

Goodwill - Gross

Cash & Equivalents - Generic

Negative
Growth
Slowing

Price To Book Value

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Capex	xxx	xxx	xxx	xxx	xxx	0.6 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	77.77 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	-
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	4 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	0 M

Capex

Negative
Growth
Slowing

Capex % of Sales

Negative
Growth
Slowing

Cost of Goods Sold

Negative
Growth
Slowing

Selling, General & Admin. Exp & Other

Negative
Growth
Slowing

Research & Development

Investments - Total

Negative
Growth
Slowing

Negative

Growth

Slowing

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Morgans	05/11/2024	1	Initiation of coverage with Speculative Buy	$0.27	17.39%	Morgans initiates coverage of Medallion Metals with a Speculative Buy rating and a 27c target price. The broker believes Medallion Metals is one of the companies capitalising on a high gold price and utilising existing infrastructure to generate cash flows. The analyst highlights the company as attractive due to its low capex, high-grade resource, and potential for robust margins. A speedy payback is anticipated with copper credits and M&A appeal. Morgans notes Medallion Metals owns the Ravensthorpe Gold Project in SE Western Australia with a mineral resource of 1.3moz, including a high-grade component. The company also has the option to acquire Forrestania Nickel operations' processing and adjacent infrastructure from IGO Ltd ((IGO)). Speculative Buy. Target 27c. FORECAST Morgans forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -2.00 cents. Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of 13.00 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Morgans

05/11/2024

Initiation of coverage with Speculative Buy

$0.27

17.39%

Morgans initiates coverage of Medallion Metals with a Speculative Buy rating and a 27c target price.

The broker believes Medallion Metals is one of the companies capitalising on a high gold price and utilising existing infrastructure to generate cash flows.

The analyst highlights the company as attractive due to its low capex, high-grade resource, and potential for robust margins. A speedy payback is anticipated with copper credits and M&A appeal.

Morgans notes Medallion Metals owns the Ravensthorpe Gold Project in SE Western Australia with a mineral resource of 1.3moz, including a high-grade component.

The company also has the option to acquire Forrestania Nickel operations' processing and adjacent infrastructure from IGO Ltd ((IGO)).

Speculative Buy. Target 27c.

FORECAST
Morgans forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -2.00 cents.
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of 13.00 cents.

Access Stockbroker Research History >

EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

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
Petra Capital	27/03/2025	1	Buy	$0.31	34.78%	Medallion Metal published results from a diamond drill program at the Trilogy deposit that requires further work to separate them into higher value alloys. Petra Capital notes the result highlights Trilogy as a potential ore source along with KMC ore. The broker had highlighted its potential as an upside risk in the initiation report and reiterated it has assigned no value at this stage. Target price of 31c and Buy rating are unchanged. FORECAST Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -0.80 cents. Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.10 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Petra Capital

27/03/2025

Buy

$0.31

34.78%

Medallion Metal published results from a diamond drill program at the Trilogy deposit that requires further work to separate them into higher value alloys.

Petra Capital notes the result highlights Trilogy as a potential ore source along with KMC ore. The broker had highlighted its potential as an upside risk in the initiation report and reiterated it has assigned no value at this stage.

Target price of 31c and Buy rating are unchanged.

FORECAST
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -0.80 cents.
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.10 cents.

Access Extra Coverage Research History >

MM8 STOCK CHART

FNArena News on MM8

1	Australian Broker Call Extra Edition – Mar 27, 2025 Mar 27 2025 - Daily Market Reports

2	Australian Broker Call Extra Edition – Mar 26, 2025 Mar 26 2025 - Daily Market Reports

3	Next Week At A Glance – 12-16 Aug 2024 Aug 09 2024 - Weekly Reports

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MEDALLION METAL LIMITED (MM8)
Share Price Analysis and Chart