LARVOTTO RESOURCES LIMITED (LRV)
Share Price Analysis and Chart

17/09/2026

1

Buy

$1.50

47.06%

Moelis maintains a Buy rating for Larvotto Resources with a $1.50 target price following the release of 1H26 financial results highlighting a net loss of -$6.9m.

The analyst notes the interim loss was smaller than the anticipated -$14.5m deficit, reflecting a development phase prior to commercial production at the Hillgrove project, expected by 1 January 2027.

Forecast assumptions have been revised to account for ongoing corporate costs and updated amortisation rates based on carrying values and life-of-mine capital spend.

Despite recent share price weakness attributed to gold market volatility and a potential sell-down by its largest shareholder, the company is progressing towards monetising initial concentrate in the coming months.

A trough cash position of $44m is forecast for the end of December, providing an adequate working capital buffer as the operation ramps up to nameplate output.

FORECAST
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -4.80 cents.
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 18.30 cents.