Nmg.Ax
NMG.AX is a gold mining company that generates revenue primarily through the extraction and sale of gold, with operations focused in Australia.
Business. NMG.AX is a gold mining company that generates revenue primarily through the extraction and sale of gold, with operations focused in Australia.
Analyst recommendations
1 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
NMG.AX is a gold mining company that generates revenue primarily through the extraction and sale of gold, with operations focused in Australia.
NMG.AX maintains a strong liquidity position, with a current ratio of 2.97 and cash and equivalents amounting to 19,747,640 AUD. The company's debt-to-equity ratio is 0.01, indicating a low reliance on debt financing, which supports its liquidity profile. However, the company reported negative operating and free cash flows of -3,795,590 AUD and -10,851,300 AUD, respectively, suggesting operational cash generation is currently constrained.
In terms of profitability, NMG.AX achieved a return on equity of 8.23% and a return on assets of 6.22%, which are strong metrics for a gold mining company. These returns are well above the industry median for the Gold sector, indicating that the company is effectively utilizing its equity and assets to generate profits.
The company's revenue is concentrated in a single business segment, gold mining, and is primarily generated in Australia. There is no disclosed geographic diversification, which could expose the company to regional economic or regulatory risks. The lack of segmental or geographic diversification increases the company's exposure to market-specific volatility.
NMG.AX reported revenue of 17,959,900 AUD in the latest period, with no specific growth trajectory provided in the outlook. The company's capital expenditures were -17,997,650 AUD, indicating significant investment in mining operations. The absence of a clear revenue growth forecast suggests that the company's future performance may be subject to commodity price fluctuations and operational efficiency.
The company's risk assessment indicates low liquidity and dilution risks, with no immediate filing-based flags detected. The low dilution risk is supported by the fact that the number of basic and diluted shares outstanding is the same, suggesting no imminent share issuance. However, the negative free cash flow and high capital expenditures may require the company to seek additional financing in the future, which could introduce new risks.
There are no recent events or filings disclosed in the data provided that would significantly impact the company's operations or financial position. The company's financial snapshot does not include any recent earnings calls, press releases, or regulatory filings that would provide additional context for its current performance.
- NMG.AX has a strong liquidity position with a current ratio of 2.97 and low debt-to-equity ratio of 0.01.
- The company's return on equity of 8.23% and return on assets of 6.22% are strong indicators of profitability.
- NMG.AX's revenue is concentrated in a single business segment and geographic region, increasing its exposure to market-specific risks.
- The company reported negative operating and free cash flows, which may necessitate additional financing in the future.
- There are no immediate liquidity or dilution risks, but the company's financial position may be affected by future capital expenditures and commodity price fluctuations.
- **margin_outlook_rationale**: The company's gross profit margin is expected to remain stable due to consistent gold prices and operational efficiency.
- **rd_outlook_rationale**: Research and development is not a significant factor in the gold mining industry, and NMG.AX does not disclose specific R&D expenditures.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- NMG.AX Market data — financials · 2026-05-28
- New Murchison Gold Ltd Market data — analyst estimates · 2026-05-28
Ownership & reference
Leadership
- Anthony LofthouseChief Executive Officer, Executive Director