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

LRS Stock Overview

Latin Resources Limited explores and develops mining projects in Australia, Peru, Argentina, and Brazil.

LRS fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	6/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 61% below our estimate of its fair value

Earnings are forecast to grow 85.54% per year

Risk Analysis

Makes less than USD$1m in revenue (A$91K)

Volatile share price over the past 3 months

Significant insider selling over the past 3 months

Shareholders have been diluted in the past year

Latin Resources Limited Competitors

Brazilian Rare Earths

ASX:BRE

AU$599.5m

Leo Lithium

ASX:LLL

AU$605.1m

Jupiter Mines

ASX:JMS

AU$509.5m

Arafura Rare Earths

ASX:ARU

AU$427.4m

Price History & Performance

Summary of all time highs, changes and price drops for Latin Resources
Historical stock prices
Current Share Price	AU$0.20
52 Week High	AU$0.43
52 Week Low	AU$0.11
Beta	1.9
1 Month Change	-9.30%
3 Month Change	-11.36%
1 Year Change	62.50%
3 Year Change	297.96%
5 Year Change	420.00%
Change since IPO	-95.27%

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

Feb 05

Recent updates

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	-2.5%	-0.8%	-2.8%
1Y	62.5%	-6.7%	4.0%

Return vs Industry: LRS exceeded the Australian Metals and Mining industry which returned -6.7% over the past year.

Return vs Market: LRS exceeded the Australian Market which returned 4% over the past year.

Price Volatility

Is LRS's price volatile compared to industry and market?
LRS volatility
LRS Average Weekly Movement	13.3%
Metals and Mining Industry Average Movement	12.5%
Market Average Movement	9.0%
10% most volatile stocks in AU Market	17.4%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: LRS's share price has been volatile over the past 3 months.

Volatility Over Time: LRS's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Australian stocks.

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$517.89m
Earnings (TTM)	-AU$19.44m
Revenue (TTM)	AU$91.30k

5,979x

P/S Ratio

-28.1x

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$91.30k
Cost of Revenue	AU$0
Gross Profit	AU$91.30k
Other Expenses	AU$19.54m
Earnings	-AU$19.44m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0069
Gross Margin	100.00%
Net Profit Margin	-21,297.30%
Debt/Equity Ratio	0%

How did LRS perform over the long term?

See historical performance and comparison

LRS Stock Overview

Rewards

Risk Analysis

Latin Resources Limited Competitors

ASX:BRE

AU$599.5m

ASX:LLL

AU$605.1m

ASX:JMS

AU$509.5m

ASX:ARU

AU$427.4m

Price History & Performance

Recent News & Updates

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

Recent updates

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

Latin Resources Limited Announces the First Assay Results from Drilling at the Salinas Lithium Project in Brazil

Independent Non-Executive Director exercised options to buy AU$252k worth of stock.

Latin Resources Limited Confirms the Ongoing Diamond Drilling Campaign at the Salinas Lithium Project in Brazil

Latin Resources Limited Commences Drilling at Salinas Lithium Project in Brazil

Latin Resources Limited Confirms Arrival of Two Diamond Drill Rigs on Site and to Commence Drilling over the Next Few Days on its Salinas Lithium Project in Brazil

Latin Resources Limited Announces High-Grade Results from Cloud Nine Halloysite-Kaolin Deposit

Latin Resources Limited Announces Diamond Drilling Set to Commence on Brazil Lithium Projects

We Think Latin Resources (ASX:LRS) Needs To Drive Business Growth Carefully

Latin Resources Limited Releases an Update on Its Mostazal Copper Project in Northern Chile