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Northern Minerals Limited
(Sydney:NTU)
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Rating:43Neutral
Price Target:
AU$0.02
▼(-20.00% Downside)
Action:Reiterated
Date:10/01/26
The score is driven primarily by weak financial performance (recurring losses, unstable revenue including 2026 falling to zero, and persistent cash burn), which outweighs the modest positive of lower leverage in 2026. Technicals are neutral-to-weak with the price below key moving averages and negative MACD, and valuation is constrained by a loss-making profile and no dividend.
Positive Factors
Low 2026 Leverage
Very low reported leverage in 2026 provides some financial flexibility relative to debt-heavy periods. A sizable equity base may help support project development and reduce immediate balance-sheet pressure, although continued losses could erode this position over time.
Negative Factors
Persistent Losses
Repeated net and operating losses across six reported years indicate that the business has not yet demonstrated sustainable profitability. Continued losses reduce internal funding capacity, weaken returns on capital and increase dependence on external financing to advance its projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Low 2026 Leverage
Very low reported leverage in 2026 provides some financial flexibility relative to debt-heavy periods. A sizable equity base may help support project development and reduce immediate balance-sheet pressure, although continued losses could erode this position over time.
Read all positive factors
Northern Minerals Limited (NTU) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$238.60M
Dividend YieldN/A
Average Volume (3M)9.98M
Price to Earnings (P/E)―
Beta (1Y)1.61
Revenue GrowthN/A
EPS Growth-10.81%
CountryAU
Employees36
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding9,548,508,000
10 Day Avg. Volume9,022,672
30 Day Avg. Volume9,984,101
Financial Highlights & Ratios
PEG Ratio-0.36
Price to Book (P/B)10.90
Price to Sales (P/S)0.00
P/FCF Ratio-7.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.05Price Target Upside66.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Northern Minerals Limited Business Overview & Revenue Model
Company Description
Northern Minerals Limited is an Australian company primarily engaged in the exploration and assessment of mineral deposits containing rare earth elements. The firm specifically targets dysprosium and other valuable heavy rare earths. Its flagship ...
How the Company Makes Money
null...
Northern Minerals Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 1.44M | 4.47M | 6.54K | 3.90M |
| Gross Profit | -736.17K | 1.44M | 4.47M | -522.62K | 3.39M |
| EBITDA | -38.34M | -25.73M | -28.84M | -20.61M | -21.43M |
| Net Income | -37.89M | -27.37M | -31.59M | -22.29M | -24.36M |
Balance Sheet | |||||
| Total Assets | 37.43M | 28.76M | 13.94M | 17.40M | 12.77M |
| Cash, Cash Equivalents and Short-Term Investments | 33.57M | 24.29M | 8.25M | 11.69M | 2.86M |
| Total Debt | 559.85K | 15.84M | 15.40M | 13.36M | 247.02K |
| Total Liabilities | 16.46M | 27.06M | 27.95M | 23.87M | 7.19M |
| Stockholders Equity | 20.97M | 1.69M | -14.01M | -6.47M | 5.58M |
Cash Flow | |||||
| Free Cash Flow | -31.72M | -26.16M | -26.50M | -14.20M | -17.42M |
| Operating Cash Flow | -31.61M | -25.80M | -26.12M | -14.09M | -16.93M |
| Investing Cash Flow | -25.86M | -473.14K | -556.78K | 699.56K | -499.80K |
| Financing Cash Flow | 41.00M | 42.41M | 23.24M | 22.23M | 259.70K |
Northern Minerals Limited Technical Analysis
Negative
0.03
Price Trends
0.03
Negative
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Negative
44.06
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NTU, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.06 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NTU.
Northern Minerals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$24.15M | -4.64 | -19.95% | ― | ― | -2.96% | |
47 Neutral | AU$189.35M | -32.38 | -11.91% | ― | ― | 21.71% | |
45 Neutral | AU$20.82M | -1.13 | -29.51% | ― | -100.00% | -164.77% | |
44 Neutral | AU$49.21M | -9.91 | -5.52% | ― | ― | 98.14% | |
43 Neutral | AU$238.60M | -5.98 | -119.39% | ― | ― | -10.81% |
* Basic Materials Sector Average
AU:NTU
Northern Minerals Limited
0.03
-0.02
-44.44%
AU:ARR
American Rare Earths
0.33
-0.11
-25.29%
AU:HAS
Hastings Technology Metals Limited
0.21
-0.34
-61.68%
AU:VML
Vital Metals Ltd
0.08
-0.11
-56.92%
AU:AR3
Australian Rare Earths Limited
0.09
-0.09
-49.19%
Northern Minerals Limited Corporate Events
Northern Minerals Sets 2025 and 2026 AGM Dates as Browns Range Rare Earths Plan Advances
Sep 30, 2026
Northern Minerals Limited has confirmed that its delayed 2025 and 2026 annual general meetings will both be held on 25 November 2026, unless further deferrals occur, following ASIC relief that extended the deadline for the 2025 AGM. The company ha...
Northern Minerals Finalises 2026 Accounts, Seeks New Auditor as Browns Range FID Slips
Sep 30, 2026
Northern Minerals has finalised its audited financial statements for the year ended 30 June 2026, providing shareholders and stakeholders with updated visibility on its financial position and recent performance. The company also confirmed that its...
Northern Minerals Sharpenes Leadership to Advance Browns Range Project
Sep 30, 2026
Northern Minerals Limited has released its annual financial statements and directors’ report for the year ended 30 June 2026, outlining governance and leadership arrangements for the group. The report highlights the roles and responsibilitie...
Northern Minerals Wins Further ASIC Extension to Delay 2025 AGM Amid Disposal Order Review
Aug 13, 2026
Northern Minerals has secured a further extension from the Australian Securities and Investments Commission to delay its 2025 annual general meeting, reflecting ongoing regulatory oversight linked to foreign investment controls. The new approval a...
Treasurer Tightens Controls on Foreign Stakes in Northern Minerals
Aug 10, 2026
Northern Minerals has disclosed that the Federal Treasurer has issued amended interim directions affecting major foreign shareholders Real International Resources Limited and Qogir Trading Service Co., Limited, following earlier orders requiring ...
Northern Minerals Sets New Date for Postponed 2025 AGM and Board Nomination Cut-Off
Aug 5, 2026
Northern Minerals Limited has set Wednesday 30 September 2026 as the date for its postponed 2025 annual general meeting, after previously cancelling the meeting that had been called for October 2025. The company has also announced that nominations...
Northern Minerals Posts Heavy Cash Outflows as Rare Earths Development Advances
Jul 31, 2026
Northern Minerals Limited reported substantial cash outflows for the quarter ended 30 June 2026, with operating activities consuming A$8.998 million and investing activities a further A$25.838 million, largely due to exploration spending, site cos...
Northern Minerals pushes Browns Range rare earths project toward key investment milestone
Jul 31, 2026
Northern Minerals advanced front-end engineering and design for its Browns Range Heavy Rare Earths Project during the June 2026 quarter, keeping the timetable on track for a final investment decision in the third quarter of 2026, subject to securi...
Northern Minerals sharpens heavy rare earths strategy with Browns Range push and new investor hub
Jul 23, 2026
Northern Minerals Limited, an Australian heavy rare earths developer, is advancing its 100%-owned Browns Range Project in Western Australia, anchored by the high-grade Wolverine deposit rich in dysprosium and terbium. These elements are critical f...
Treasurer blocks voting rights over contested Northern Minerals shareholdings
Jul 13, 2026
Northern Minerals has disclosed that the Federal Treasurer has issued interim directions against three shareholders, Hong Kong Ying Tak Limited, Real International Resources Limited and Qogir Trading Service Co., Limited, for failing to comply wi...
Northern Minerals Flags Ongoing Foreign Ownership Review After Treasurer’s Disposal Orders
Jul 7, 2026
Northern Minerals Limited, a heavy rare earths miner based in Western Australia, controls the Browns Range project, whose Wolverine deposit is considered one of Australia’s highest-grade dysprosium and terbium ore bodies. These elements are ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.