Lincoln Gold MiningLNCLF 28 Beneish M-Score is 0.00 as of Jun. 24, 2026. GuruFocus rates LNCLF with a GF Score™ of 28/100. The stock has 4 warning signs investors should review. Among 685 Metals & Mining companies, Lincoln Gold Mining ranks worse than 145985.26% on this metric.
The zones of discrimination for M-Score is as such:
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
The historical rank and industry rank for Lincoln Gold Mining's Beneish M-Score or its related term are showing as below:
During the past 13 years, the highest Beneish M-Score of Lincoln Gold Mining was 0.00. The lowest was 0.00. And the median was 0.00.
Lincoln Gold Mining Beneish M-Score Related Terms
Lincoln Gold Mining Beneish M-Score Historical Data
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The historical data trend for Lincoln Gold Mining's Beneish M-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Gold subindustry, Lincoln Gold Mining's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lincoln Gold Mining Beneish M-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Lincoln Gold Mining's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Lincoln Gold Mining's Beneish M-Score falls into.
The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.
The M-Score Variables:
The M-score of Lincoln Gold Mining for today is based on a combination of the following eight different indices:
M
=
-4.84
+
0.92 * DSRI
+
0.528 * GMI
+
0.404 * AQI
+
0.892 * SGI
+
0.115 * DEPI
=
-4.84
+
0.92 *
+
0.528 *
+
0.404 *
+
0.892 *
+
0.115 *
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 *
+
4.679 *
-
0.327 *
=
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.
DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.
DEPI
=
(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))
/
(Depreciation_t / (Depreciaton_t + PPE_t))
=
(0.043 / (0.043 + 0.983))
/
(0.04 / (0.04 + 1.712))
=
0.04191
/
0.022831
=
Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.
6. SGAI = Sales, General and Administrative expenses Index
Total accruals calculated as the change in working capital accounts other than cash less depreciation.
TATA
=
(IncomefromContinuingOperations_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(NetIncome_t - NonOperatingIncome_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(-1.046 - -0.074
-
-0.511)
/
1.876
=
-0.245736
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Lincoln Gold Mining (LNCLF) has a Beneish M-Score of 0.00 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Lincoln Gold Mining and its competitors. According to the industry distribution chart, Lincoln Gold Mining ranks #999999 out of 685 companies in the Metals & Mining industry.
Is Lincoln Gold Mining's Beneish M-Score too high?
Lincoln Gold Mining's current Beneish M-Score is 0.00. Based on the distribution chart, Lincoln Gold Mining ranks #999999 out of 685 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Lincoln Gold Mining has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Lincoln Gold Mining's Beneish M-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Lincoln Gold Mining ranks #999999 out of 685 companies for Beneish M-Score. This places Lincoln Gold Mining in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Lincoln Gold Mining and its competitors. Lincoln Gold Mining's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lincoln Gold Mining stock overvalued right now?
Lincoln Gold Mining (LNCLF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Lincoln Gold Mining's overall GF Score™ is 28/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Lincoln Gold Mining (LNCLF), the current Beneish M-Score is 0.00 as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Lincoln Gold Mining Inc is a Canadian precious metals development and exploration company. The company holds interest in the Bell Mountain gold-silver property that is fully permitted and moving to production and a second larger project, the Pine Grove gold property which is in the final stages of permitting. The two gold projects are within 61 air miles of each other, located in the prospective Walker Lane mineral belt, known for its numerous gold and silver deposits. The company operates in one reportable operating segment, being the acquisition, exploration and evaluation of mineral properties. It operates within two geographic areas United States of America and Canada with United States of America generating the majority of revenue.
28GF Score
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