Latin Resources (ASX:LRS) - Stock Price, News & Analysis

LRS Stock Overview

Explores and develops mining projects in Australia, Peru, Argentina, and Brazil. More details

LRS fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Risk Analysis

Earnings are forecast to decline by an average of 32.1% per year for the next 3 years

Has less than 1 year of cash runway

Makes less than USD$1m in revenue (A$87K)

Currently unprofitable and not forecast to become profitable over the next 3 years

Latin Resources Limited Competitors

Sovereign Metals

ASX:SVM

AU$488.9m

ioneer

ASX:INR

AU$494.7m

Chalice Mining

ASX:CHN

AU$527.1m

GR Engineering Services

ASX:GNG

AU$362.4m

Price History & Performance

Summary of all time highs, changes and price drops for Latin Resources
Historical stock prices
Current Share Price	AU$0.17
52 Week High	AU$0.29
52 Week Low	AU$0.11
Beta	2.04
11 Month Change	-5.41%
3 Month Change	-14.63%
1 Year Change	-10.26%
33 Year Change	337.50%
5 Year Change	1,650.18%
Change since IPO	-95.76%

Is Latin Resources (ASX:LRS) In A Good Position To Deliver On Growth Plans?

Jul 25

Recent updates

Is Latin Resources (ASX:LRS) In A Good Position To Deliver On Growth Plans?

Jul 25

We're Keeping An Eye On Latin Resources' (ASX:LRS) Cash Burn Rate

Feb 05

Latin Resources Limited (ASX:LRS) Shares Could Be 30% Below Their Intrinsic Value Estimate

Dec 08

Shareholder Returns

	LRS	AU Metals and Mining	AU Market
7D	-16.7%	1.6%	0.9%
1Y	-10.3%	-10.8%	18.4%

Return vs Industry: LRS matched the Australian Metals and Mining industry which returned -10.8% over the past year.

Return vs Market: LRS underperformed the Australian Market which returned 18.4% over the past year.

Price Volatility

Is LRS's price volatile compared to industry and market?
LRS volatility
LRS Average Weekly Movement	9.4%
Metals and Mining Industry Average Movement	11.0%
Market Average Movement	8.5%
10% most volatile stocks in AU Market	17.5%
10% least volatile stocks in AU Market	3.2%

Stable Share Price: LRS has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: LRS's weekly volatility has decreased from 15% to 9% over the past year.

About the Company

Founded	Employees	CEO	Website
2008	n/a	Chris Gale	www.latinresources.com.au

Latin Resources Limited explores and develops mining projects in Australia, Peru, Argentina, and Brazil. The company primarily explores for lithium, copper, and gold deposits. Its flagship project is the Salinas Lithium project, which consists of approximately 38,000 hectares located in the district of Minas Gerais, Brazil.

Latin Resources Limited Fundamentals Summary

How do Latin Resources's earnings and revenue compare to its market cap?
LRS fundamental statistics
Market cap	AU$490.25m
Earnings (TTM)	-AU$18.63m
Revenue (TTM)	AU$87.09k

5,629x

P/S Ratio

-26.3x

P/E Ratio

Is LRS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
LRS income statement (TTM)
Revenue	AU$87.09k
Cost of Revenue	AU$0
Gross Profit	AU$87.09k
Other Expenses	AU$18.72m
Earnings	-AU$18.63m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0066
Gross Margin	100.00%
Net Profit Margin	-21,390.24%
Debt/Equity Ratio	0%

How did LRS perform over the long term?

See historical performance and comparison

LRS Stock Overview

Risk Analysis

Latin Resources Limited Competitors

ASX:SVM

AU$488.9m

ASX:INR

AU$494.7m

ASX:CHN

AU$527.1m

ASX:GNG

AU$362.4m

Price History & Performance

Recent News & Updates

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Price target decreased by 73% to AU$0.21

New major risk - Share price stability

Pilbara Minerals Limited (ASX:PLS) agreed to acquire Latin Resources Limited (ASX:LRS).

Is Latin Resources (ASX:LRS) In A Good Position To Deliver On Growth Plans?

Recent updates

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Price target decreased by 73% to AU$0.21

New major risk - Share price stability

Pilbara Minerals Limited (ASX:PLS) agreed to acquire Latin Resources Limited (ASX:LRS).

Is Latin Resources (ASX:LRS) In A Good Position To Deliver On Growth Plans?

Price target increased by 8.5% to AU$0.80

Less than half of directors are independent

New major risk - Financial position

No longer forecast to breakeven

Latin Resources Limited, Annual General Meeting, May 30, 2024

Independent Non-Executive Chairman recently sold AU$371k worth of stock

Latin Resources Appoints Peter Oliver as Executive Director and Chairman of Development Committee

We're Keeping An Eye On Latin Resources' (ASX:LRS) Cash Burn Rate

New major risk - Share price stability

Forecast to breakeven in 2026

New major risk - Revenue and earnings growth

Latin Resources Limited (ASX:LRS) Shares Could Be 30% Below Their Intrinsic Value Estimate

We're Not Very Worried About Latin Resources' (ASX:LRS) Cash Burn Rate

Maverick Minerals Pty Ltd entered into a binding heads of agreement to acquire Lachlan Fold Belt Project from Latin Resources Limited (ASX:LRS) for AUD 1.4 million.

Price target increased by 37% to AU$0.69

New major risk - Revenue and earnings growth

Independent Non-Executive Director recently sold AU$150k worth of stock

New major risk - Share price stability

We're Not Very Worried About Latin Resources' (ASX:LRS) Cash Burn Rate

Price target increased by 11% to AU$0.26

Forecast to breakeven in 2025

Latin Resources Limited Provides the Latest Assay Results and an Update on the Progress of the 2023 Drilling Campaign At the Company's 100% Owned Colina Lithium Deposit

Latin Resources Limited Provide an Update on the Expansion of the Salinas Lithium Project in Brazil

Companies Like Latin Resources (ASX:LRS) Are In A Position To Invest In Growth

Latin Resources Limited Announces Exceptional Assay Results from Colina West Potential

Independent Non-Executive Chairman exercised options and sold AU$118k worth of stock

Latin Resources Limited Commences the 2023 Drilling Program At Salinas Lithium Project

Forecast to breakeven in 2025

Independent Non-Executive Director exercised options to buy AU$1.4m worth of stock.

Latin Resources Limited Provides Update on Resource Definition Drilling and Other Studies Currently Ongoing At High-Grade Colina Lithium Prospect

Latin Resources Limited Announces Ongoing Testwork Continues to Demonstrate Exceptional Metallurgy of Salinas Lithium Project with over 80% Recovery of Li2O

Latin Resources Limited Announces Ongoing Testwork Continues to Demonstrate Exceptional Metallurgy of Salinas Lithium Project with over 80% Recovery of Li2O

Latin Resources Limited Announces the Completion of It's Mineral Resource Update for the 100% Owned Cloud Nine Halloysitekaolin Deposit in Western Australia

Latin Resources Limited Announces Catamarca Exploration Update & Drilling at MT 03 Project Peru

Latin Resources Limited Reports Results from the Recent Rare Earth Element at its 100% Owned Cloud Nine Halloysite-Kaolin Deposit in Western Australia

Latin Resources Limited Announces Final Assay Results from Colina Resource Drilling in Brazil

Latin Resources Limited Announces Discovery of A New Lithium Mineralised Zone, Some 500M West of the Colina Prospect

We Think Latin Resources (ASX:LRS) Can Afford To Drive Business Growth

Latin Resources Limited Updates on Resource Definition Drilling and Other Studies Currently Ongoing At Highgrade Colina Lithium Prospect

Latin Resources Limited Provides Update on the Preliminary "Sighter" Metallurgical Test Work Completed on Drill Core from the High-Grade Salinas Lithium Project

Latin Resources Limited Confirms Significant New Discovery At Colina West

Latin Resources Limited Announces Commencement of Feasibility Studies for Salinas Project

Latin Resources Limited Provides Update on Resource Definition Drilling and Other Studies Currently Ongoing At the Company's 100% Owned Highgrade Colina Lithium Prospect

Latin Resources Limited Secures New Colina Extension Doubles Strike Length

Latin Resources Limited (ASX:LRS) agreed to acquire Peep O’Day gold prospect of Mining and Energy Group Pty Ltd. for AUD 0.41 million.

Latin Resources Limited Updates Outstanding Kaolin Brightness Results from Cloud Nine Infill Drilling

Latin Resources Limited Advises the Latest Assay Results from Diamond Drilling At the Company's 100% Owned High-Grade Colina Lithium Prospect

Latin Resources Limited Provides the Latest Assay Results from Diamond Drilling At the Company's 100% Owned High-Grade Colina Lithium Prospect in Brazil

Latin Resources Limited Provides Brazil Resource Definition Drilling Update

Latin Resources Limited Announces the Commencement of Resource Definition Drilling Campaign

Latin Resources Limited Continues to Expand High-Grade Salinas Lithium Project

Latin Resources Limited, Annual General Meeting, May 30, 2022

Latin Resources Limited Announces Diamond Drill Testing of High-Grade Outcropping Lithium Pegmatites At the Company's Second Prospect Area, the Monte Alto Prospect in Brazil

Latin Resources Limited Announces New Drilling Results at Salinas Lithium Project