MLX Shares Metals X Limited
ASX · ASXLast in our picks 2026-10-26 — not in the current list; analysis below is from that screen
Gold and base-metals exposure with recent broker upgrade and attractive valuation re-rating potential.
Future value: $2.00 (+29.45%) · 6-12 months · analyst consensus
Signal breakdown
- ▸Shaw and Partners upgraded to Buy
- ▾Below 50-day MA (-19.59%)
- ▸~29% upside to price target
Is MLX a buy right now?
Trend: MLX is trading below the 50-day average (-16.49%), RSI 56 — neutral momentum, with a 3-month return of +1.27%.
Valuation & quality: Metals X Limited trades on a trailing P/E of 8.9, forward P/E 10.0, PEG 2.66, price-to-book 2.22; fundamentals show net margin 45.5%, return on equity 27.9%, revenue growth 38.8% year on year.
Analyst consensus: 2 analysts have a mean 12-month price target of A$2.05 (+28.5% vs the last close; range A$1.90 – A$2.20), consensus rating “strong buy”.
Our screen: BUY (score 3) — Gold and base-metals exposure with recent broker upgrade and attractive valuation re-rating potential.
Computed from end-of-day data; not personal advice.
12-month price chart
Monthly returns
| Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 | Oct 26 |
|---|---|---|---|---|---|---|---|
| -6.30% | +3.00% | +14.50% | -16.50% | +19.70% | +20.90% | +12.60% | -25.60% |
Fundamentals
Analyst price target
Technical signals
About Metals X Limited
Metals X Limited engages in the production of tin in Australia. The company holds a 50% interest in the Renison tin project located on the Northwest Tasmania. It offers tin-in-concentrate, as well as invests in companies undertaking exploration and development of tin, gold, and base metals projects.
Sector: Basic Materials · Industry: Other Industrial Metals & Mining · Australia · Website
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Market data from end-of-day feeds; AI-generated research for educational purposes only — not investment advice.