MEDALLION METAL LIMITED (MM8)
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MM8

MM8 - MEDALLION METAL LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.43
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.41

02 Jul
2026

0.030

OPEN

$0.39

7.89%

HIGH

$0.41

479,029

LOW

$0.38

TARGET
$0.99 141.5% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
MM8: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 1.5 - 1.0 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

Dividend Yield Today On Last Actual Payout :

 N/A

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 xxxxxxxxxxxxxxx-1.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx4.7
Net Operating Cash Flow xxxxxxxxxxxxxxx-4.9 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-34.16 %
Return on Invested Capital xxxxxxxxxxxxxxx-29.38 %
Return on Assets xxxxxxxxxxxxxxx-27.02 %
Return on Equity xxxxxxxxxxxxxxx-34.16 %
Return on Total Capital xxxxxxxxxxxxxxx-33.34 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-6.0 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 xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx3 M
Total Debt xxxxxxxxxxxxxxx3 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx9 M
Price To Book Value xxxxxxxxxxxxxxx5.31

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx4.5 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx7 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

Morgans

02/07/2026

1

Upgrade to Buy from Speculative Buy

$0.99

141.46%

Medallion Metals has progressed to a producer from developer, advancing the Ravensthorpe gold project as the Cosmic Boy concentrator nears commissioning.

This has confirmed that refurbishment capital expenditure is broadly in line with the definitive feasibility study. The company is now assessing the potential for processing third-party and stockpiled material.

Morgans assesses the Forrestania gold project is emerging as one of the most advanced near-term gold/copper developments on ASX. It benefits from significant existing infrastructure and enables the company to pursue a comparatively low capital pathway to production.

Modelling is updated to incorporate a maiden Lounge Lizard underground mining inventory. Rating is upgraded to Buy from Speculative Buy and the target is raised to $0.99 from $0.87. Coverage is transferred to Flynn Tyson.

FORECAST
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.00 cents.
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of 4.00 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

Canaccord Genuity

17/03/2026

1

Speculative Buy

$0.95

131.71%

Medallion Metals has validated initial historical results from the Lounge Lizard deposit, within the recently acquired Forrestania gold project. Canaccord Genuity points out Lounge Lizard represents one of several gold opportunities at the project with additional holes currently being validated and assessed for release.

Mineralisation is defined over a 1 kilometre strike remaining open at depth and along strike and the broker points out historical drilling demonstrates robust near-surface and deeper high-grade widths including 23m at 5.85g/t from 13m , 20m at 4.44g/t from 15m and 6m at 9.20g/t from 112m.

Speculative Buy rating and $0.95 target unchanged.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.00 cents.
Access Extra Coverage Research History >

MM8 STOCK CHART

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