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Midas Minerals Ltd (MM1) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of Midas Minerals Ltd stock A$0.62, price A$0.96, that is 35.0% below the price, quality 32 out of 100. Rating: strongly overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Basic Materials AU · ISIN AU0000166142

MM Midas Minerals Ltd logo Thin data Nov 10, 2026

Midas Minerals Ltd

MM1 · AU
Very expensive, weak quality

Our calculation puts a fair price 35% below what the stock costs today.

Revenue last quarter 36% below a year ago.
Fair value A$0.6206 · Strongly overvalued
Quality 32/100
Weak Growth
Negative free cash flow
Trails peers (1/7)
Narrow moat 5/100
Thin data
⟳ CyclicalEstimate
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26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

A$1.35 A$0.0600 Fair Value A$0.6206 Sep 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range A$0.0600 – A$1.35 · fair‑value band A$0.4654 – A$0.7757 · the A$0.9550 price screens above the A$0.6206 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

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.

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The company was formerly known as Cowan Lithium Limited and changed its name to Midas Minerals Limited in March 2021. Midas Minerals Limited was incorporated in 2018 and is based in West Perth, Australia.

Stock analysis

Midas Minerals Ltd (MM1) currently trades at A$0.9550, while our estimate is A$0.6206, 35% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: A$0.4654 (bear) to A$0.7757 (bull), the price of A$0.9550 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 32/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is weak, negative or inconsistent.

Midas Minerals Ltd reported revenue of A$0 in FY2025 versus A$0 in FY2021. Reported net income was −A$2.8M in FY2025.

Key figures

Market cap A$208M (≈ $143M) Micro · EPS (TTM) A$−0.0300 · Return on equity −19.5% · Return on assets (EBIT) −22.1% (5-year average) · Revenue (TTM) A$24.4K · Revenue growth (YoY) −36.3% · Free cash flow −A$1.9M · Net cash A$8.8M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 5 out of 100 (medium confidence).

What moves the price

The share trades about 29% below its 52-week high and 158% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at −35%, MM1 screens richer than that median.

Fair Value

Bear A$0.4654 Fair Value A$0.6206 Bull A$0.7757
Price A$0.9550 · Downside -35.0%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 32/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 75
Are margins and returns getting better?
Cashflow 7
Do the profits arrive as real cash?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 58
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 80
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 0/100
Revenue growth is weak, negative or inconsistent.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

MM1 screens overvalued: fair value 35% below the price. Compare with PT Amman Mineral Internasional Tbk →

Compare Midas Minerals Ltd with another stock

Price, fair value, quality and upside side by side.

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Precious Metals & Mining · 150 stocks

Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 32 · Below median
Fair Value upside −35.0% · Below median
Profitability
Return on assets −13.3% · Below median
Operating margin (12 months) 0.0% · Above median
Growth and dividend
Revenue growth (quarter YoY) −36.3% · Bottom 25%

Valuation Multiplesvs Other Precious Metals & Mining median · lower = cheaper

P/B 10.14× · Priciest 25%

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Sibanye Stillwater Limited SBSW $9.36 $12.73 +36% vs MM1
Hecla Mining Company HL $14.29 $16.21 +13% vs MM1
Triple Flag Precious Metals Corp TFPM $32.15 $32.54 +1% vs MM1
Compañía de Minas Buenaventura S.A. BVN $27.08 $26.98 +0% vs MM1
International Gemological Institute Limited IGIL ₹426.80 ₹338.90 −21% vs MM1
Perpetua Resources Corp PPTA $19.33 $15.34 −21% vs MM1
Sino-Platinum Metals Co 600459 ¥16.98 ¥13.23 −22% vs MM1
China Gold International Resources Corp CGG C$32.07 C$15.00 −53% vs MM1
Artemis Gold Inc ARTG C$40.87 C$15.63 −62% vs MM1
PT Amman Mineral Internasional Tbk AMMN 3,730 IDR 881.70 IDR −76% vs MM1

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Midas Minerals Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Midas Minerals Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MM1

Frequently asked questions

Is Midas Minerals Ltd (MM1) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is A$0.6206 versus a price of A$0.9550, about 35% lower (overvalued).
What is the fair value of MM1?
Our estimate for Midas Minerals Ltd is A$0.6206 (as of Nov 10, 2026), built from audited fundamentals. The current price: A$0.9550.
What is the quality score of MM1?
Midas Minerals Ltd has a Quality Score of 32/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Midas Minerals Ltd (MM1)?
Our calculated price target is the estimate of A$0.6206 (as of Nov 10, 2026). Cautious scenario A$0.4654, optimistic scenario A$0.7757. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Midas Minerals Ltd stock forecast for 2026?
Our estimate puts fair value at A$0.6206, about 35% lower versus a price of A$0.9550 (overvalued). Cautious scenario A$0.4654, optimistic scenario A$0.7757. The calculation is refreshed regularly with new filings.
What is the revenue of Midas Minerals Ltd (MM1)?
Midas Minerals Ltd reported trailing-twelve-month revenue of about A$24.4K (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Midas Minerals Ltd (MM1)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Midas Minerals Ltd it is A$0.6206 per share (as of Nov 10, 2026), against a price of A$0.9550.
Is Midas Minerals Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, MM1 trades above its calculated fair value: price A$0.9550, fair value A$0.6206, a gap of about −35% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MM1?
No. The price is what the market pays today (A$0.9550); the fair value is what the company's own numbers justify (A$0.6206). For Midas Minerals Ltd the two are A$0.3344 per share apart. That gap is exactly why we show both numbers side by side.
How much is Midas Minerals Ltd worth?
The market values Midas Minerals Ltd at about A$208M (market capitalisation, as of Nov 10, 2026). Per share that is A$0.9550; our models calculate a fair value of A$0.6206 per share.
What do the bullish and bearish scenarios say about MM1?
Our models span a range for Midas Minerals Ltd: cautious scenario A$0.4654, base A$0.6206, optimistic A$0.7757 per share (as of Nov 10, 2026, price A$0.9550). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Midas Minerals Ltd (MM1)?
Balance-sheet figures for Midas Minerals Ltd (as of Nov 10, 2026): return on equity −19.5%. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is MM1 from its 52-week high?
Midas Minerals Ltd trades at A$0.9550, about 29% below its 52-week high of A$1.35 and 158% above the low of A$0.3700 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.6206 is for.
Which stocks are comparable to Midas Minerals Ltd?
From the same area (Basic Materials) we also value PT Amman Mineral Internasional Tbk, Hecla Mining Company, China Gold International Resources Corp, Compañía de Minas Buenaventura S.A., among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Midas Minerals Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price A$0.9550, calculated fair value A$0.6206 (−35%), Quality Score 32/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Midas Minerals Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Midas Minerals Ltd (MM1)?
The closing price on Nov 11, 2026 was A$0.9550. Our estimate is A$0.6206, about 35% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Midas Minerals Ltd right now?
The price sits above even our optimistic bull case (A$0.7757). The favourable scenario is already priced in. Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Midas Minerals Ltd

How large is the market capitalisation of Midas Minerals Ltd (MM1)?
The market capitalisation of Midas Minerals Ltd is A$208M (≈ $143M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Midas Minerals Ltd (MM1)?
Earnings per share at Midas Minerals Ltd are A$−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Midas Minerals Ltd (MM1)?
The return on equity (ROE) of Midas Minerals Ltd is −19.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Midas Minerals Ltd (MM1)?
On an EBIT basis the return on assets of Midas Minerals Ltd is −22.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How fast is revenue growing at Midas Minerals Ltd (MM1)?
Revenue at Midas Minerals Ltd is growing −36.3% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Midas Minerals Ltd (MM1) generate?
The free cash flow of Midas Minerals Ltd is −A$1.9M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Midas Minerals Ltd (MM1) hold?
Midas Minerals Ltd holds more cash than debt, A$8.8M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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