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Comstock Mining Inc (LODE)
:LODE
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Comstock Mining
(NYSE MKT:LODE)
54Neutral
Comstock Mining (LODE) vs. S&P 500 (SPY)
Market Cap
$68.34M
Dividend YieldN/A
Average Volume (3M)387.94K
Price to Earnings (P/E)―
Beta (1Y)1.56
Revenue Growth136.66%
EPS Growth-532.74%
CountryUS
Employees46
SectorReal Estate
Sector Strength81
IndustryReal Estate - Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding26,903,872
10 Day Avg. Volume427,219
30 Day Avg. Volume387,938
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap2.94
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit78.42
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
Comstock Mining Business Overview & Revenue Model
Company DescriptionComstock Mining Inc. (LODE) is a diversified natural resource company primarily focused on the exploration, development, and production of gold and silver mining properties. The company operates within the mining sector and is dedicated to sustainable resource development, leveraging innovative technologies to optimize its mining processes. Comstock Mining's core assets include properties in the historic Comstock District in Nevada, known for its rich mineral deposits.
How the Company Makes MoneyComstock Mining generates revenue through the exploration and extraction of precious metals, primarily gold and silver, from its mining operations. The company earns money by selling the extracted metals to refineries and market buyers. A significant portion of its earnings is influenced by the commodities market prices for gold and silver, which can fluctuate based on global economic conditions and investor demand. Additionally, the company may engage in strategic partnerships and joint ventures to enhance its operational capabilities and access to new technologies, further contributing to its revenue streams. Comstock Mining also explores opportunities in the development of environmentally friendly technologies and practices, which could provide additional revenue channels in the future.
Comstock Mining Financial Statement Overview
Summary
Comstock Mining faces significant financial challenges. Despite revenue growth, profitability issues and liquidity concerns are apparent with negative cash flow and net losses. The balance sheet shows a solid equity base but rising debt levels pose potential risks.Income Statement
Comstock Mining shows a volatile revenue trajectory with significant fluctuations in net income, reflecting operational challenges. The 2024 revenue increased significantly from 2023, suggesting some growth potential, yet the negative EBIT and EBITDA margins highlight profitability issues. The gross profit margin is positive but overshadowed by substantial net losses, indicating critical operational efficiencies need improvement.―
Balance Sheet
The balance sheet shows a relatively high stockholders' equity in 2024 compared to total assets, suggesting a strong equity position. However, the debt-to-equity ratio increased due to rising debt levels, introducing potential leverage risks. The equity ratio remains stable, highlighting a solid capital structure but caution is warranted due to increasing liabilities.50
Cash Flow
Cash flow analysis reveals ongoing struggles with negative free cash flow and operating cash flow, signaling liquidity issues. Although there is a slight improvement in free cash flow growth from 2023 to 2024, the operating cash flow to net income ratio is negative, indicating significant cash burn and inefficiencies in transforming income into cash.―
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 3.02M | 1.27M | 178.15K | 862.16K | 201.70K | Gross Profit |
| 2.56M | 1.27M | -3.55M | 590.08K | -818.86K | EBIT |
| -39.67M | -12.60M | -20.42M | -6.41M | -5.47M | EBITDA |
| -48.19M | 15.07M | -41.36M | -28.81M | -4.24M | Net Income Common Stockholders |
| -53.32M | 9.16M | -72.27M | -24.58M | 14.93M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 954.27K | 22.70M | 2.52M | 6.84M | 6.41M | Total Assets |
| 91.31M | 106.47M | 100.05M | 126.95M | 43.12M | Total Debt |
| 5.32M | 10.93M | 8.73M | 17.53M | 3.56M | Net Debt |
| 5.32M | 7.15M | 6.21M | 11.62M | 1.13M | Total Liabilities |
| 31.54M | 28.19M | 43.69M | 33.98M | 11.34M | Stockholders Equity |
| 59.77M | 78.28M | 53.60M | 89.57M | 31.78M |
| Cash Flow | Free Cash Flow | |||
| -14.88M | -27.64M | -15.30M | -7.57M | -3.90M | Operating Cash Flow |
| -13.94M | -13.63M | -12.11M | -7.49M | -3.76M | Investing Cash Flow |
| -6.48M | 3.63M | -3.73M | -16.10M | 3.21M | Financing Cash Flow |
| 17.59M | 11.26M | 12.45M | 27.07M | 1.97M |
Comstock Mining Technical Analysis
Positive
2.59
Price Trends
2.34
Positive
3.20
Negative
3.27
Negative
Market Momentum
0.06
Negative
61.02
Neutral
77.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LODE, the sentiment is Positive. The current price of 2.59 is above the 20-day moving average (MA) of 2.23, above the 50-day MA of 2.34, and below the 200-day MA of 3.27, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 61.02 is Neutral, neither overbought nor oversold. The STOCH value of 77.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LODE.
Comstock Mining Risk Analysis
Comstock Mining disclosed 88 risk factors in its most recent earnings report. Comstock Mining reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Comstock Mining Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $315.15M | 18.25 | 2.01% | ― | -4.61% | ― | |
60 Neutral | $2.81B | 11.31 | 0.21% | 8508.38% | 6.19% | -15.39% | |
58 Neutral | $254.17M | 43.36 | 0.71% | ― | -5.68% | -1.27% | |
54 Neutral | $68.34M | ― | -77.25% | ― | 136.66% | -532.74% | |
40 Neutral | $4.33M | ― | -0.40% | ― | -3.95% | 14.63% |
* Real Estate Sector Average
Performance Comparison
LODE
Comstock Mining
2.59
-0.19
-6.83%
GBR
New Concept Energy
0.82
-0.38
-31.67%
TCI
Transcontinental Realty Investors
31.34
0.78
2.55%
RMAX
Re/Max Holdings
7.87
-0.86
-9.85%
Comstock Mining Earnings Call Summary
Earnings Call Date:May 06, 2025
(Q1-2025)
| % Change Since: 0.39%|
Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment Positive
The earnings call reflects a positive outlook with notable revenue growth, strategic partnerships, and innovative advancements in both the metals and fuels segments. However, challenges such as increased R&D expenses and the slow monetization of mining assets present areas of concern. Overall, the highlights significantly outweigh the lowlights, indicating a robust strategic direction for Comstock.Q1-2025 Updates
Positive Updates
Significant Revenue Growth in Comstock Metals
Comstock Metals revenue soared in the first quarter with over 4 million pounds of recyclable material received and $1.34 million invoiced compared to just over $350,000 last quarter, marking nearly a four-fold increase.
Strategic Partnerships and Investments
Comstock has attracted Keen and Aligned Capital into its shareholder base and engaged sophisticated industry partners such as NREL, Marathon, and RWE. The company completed two successful settlements of prior outstanding commitments, eliminating significant upcoming cash payments and recording a $1 million financial gain.
R&D and Innovations
R&D expenses increased by $2.4 million in Q1, with significant collaboration with the National Renewable Energy Lab (NREL) aiming to improve yields and reduce costs. The company hired Dr. Elvis Ebikade, a notable addition to the biofuels team, to lead SAF initiatives.
Master Services Agreement with RWE
Comstock Metals entered into a master services agreement with RWE Clean Energy for recycling and decommissioning services, establishing an industry standard for solar panel end-of-life solutions.
R2 Certification for Metals
Comstock Metals received R2 Certification, becoming the only company in North America with a certified zero-landfill solution for solar panel recycling.
Negative Updates
Increased R&D Expenses
R&D spending was up by $2.4 million compared to the prior year, including a one-time $1.5 million non-cash expense charge. Ongoing collaborations and acquisitions also contributed to increased expenses.
Challenges with Convertible Notes
Comstock raised $10.6 million early in the first quarter from the Kips Bay Convertible Note but still faces challenges with $4.35 million outstanding and the need for another $1.7 million to extinguish the note.
Slow Monetization of Mining Assets
While there is significant interest in Comstock's mining assets due to rising gold and silver prices, monetization of these assets has been slow and remains a strategic objective for the year.
Company Guidance
During Comstock's Q1 2025 earnings call, Corrado De Gasperis outlined several key metrics and strategic updates. The company reported a significant increase in revenue for Comstock Metals, rising nearly four-fold to $1.34 million compared to the previous quarter, and projected 2025 revenue guidance was increased to over $3 million. Comstock Fuels is advancing with its Series A funding, targeting at least $50 million, and plans to spin out as a separate entity with a valuation potentially exceeding $700 million. R&D expenses rose by $2.4 million due to strategic investments, including a nearly $1 million gain from settling outstanding commitments. The company raised $10.6 million from a convertible note and reduced its outstanding balance to $4.35 million. The outstanding share count is expected to reach around 33 million shares upon the spin-off of Comstock Fuels. Additional milestones include expanding the metals facility's capacity to 100,000 tons annually and selecting a site for the first bio-refinery project in Oklahoma.Comstock Mining Corporate Events
M&A TransactionsBusiness Operations and Strategy
Comstock Mining Sells Stake to Mackay Precious Metals
Positive
Dec 20, 2024
Comstock Inc. has sold its entire interest in Comstock Northern Exploration LLC and a 25% stake in Pelen LLC to Mackay Precious Metals Inc. for $2.75 million, with part of the payment made in cash and the rest in cash or stock. The deal, which includes a 1.5% royalty on net smelter returns, enables Comstock to focus on advancing other projects and expanding its gold and silver potential in the southern part of its district, aligning with its strategic growth in the gold and silver cycle.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.