MM1 Shares Midas Minerals Limited
ASX · ASXLast in our picks 2026-10-26 — not in the current list; analysis below is from that screen
Battery-material exploration exposure with high broker-estimated upside and leveraged recovery potential.
Future value: $1.50 (+69.49%) · 6-12 months
Signal breakdown
- ▸Canaccord reiterated Buy with $1.50 target
- ▾Below 50-day MA (-25.72%)
- ▸~69% upside to price target
Is MM1 a buy right now?
Trend: MM1 is trading below the 50-day average (-22.46%), RSI 62 — neutral momentum, with a 3-month return of +22.00%.
Valuation & quality: Midas Minerals Limited trades on price-to-book 4.89; fundamentals show net margin 0.0%, return on equity -19.5%.
Analyst consensus: 1 analysts have a mean 12-month price target of A$1.50 (+63.9% vs the last close; range A$1.50 – A$1.50), consensus rating “strong buy”.
Our screen: BUY (score 3) — Battery-material exploration exposure with high broker-estimated upside and leveraged recovery 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 |
|---|---|---|---|---|---|---|---|
| -18.40% | +6.30% | +15.30% | -6.10% | -9.80% | +56.60% | -10.00% | -21.40% |
Fundamentals
Analyst price target
Technical signals
About Midas Minerals Limited
Midas Minerals Limited, a junior mineral exploration company, engages in the exploration for mineral resources in Western Australia, Namibia, and Canada. It explores for copper, silver, gold, lithium, nickel, and base metals, as well as platinum group elements.
Sector: Basic Materials · Industry: Other Precious 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.