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Namib Minerals
(NASDAQ:NAMM)
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Rating:49Neutral
Price Target:
$1.50
▲(2.04% Upside)
Action:Reiterated
Date:07/30/26
The score is held down primarily by weak financial structure (negative equity) and high volatility in reported results, despite positive operating cash flow. Technicals further detract as the stock trades below all major moving averages, signaling a persistent downtrend. These are partially offset by inexpensive-looking valuation (low P/E, though less reliable given accounting noise) and a cautiously constructive earnings call with improving 2026 targets, but with significant execution and financing risks.
Positive Factors
Positive cash generation
Positive operating cash flow and higher adjusted EBITDA indicate the core mine can fund ongoing operations. This provides a durable base for sustaining investment, although future cash generation still depends on restoring production volumes.
Negative Factors
Persistently negative equity
Negative equity weakens financial flexibility and makes balance-sheet-based returns difficult to interpret. Noncash SPAC and warrant accounting also distorts reported earnings, reducing confidence in the quality and stability of reported results.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive cash generation
Positive operating cash flow and higher adjusted EBITDA indicate the core mine can fund ongoing operations. This provides a durable base for sustaining investment, although future cash generation still depends on restoring production volumes.
Read all positive factors
Namib Minerals (NAMM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$74.84M
Dividend YieldN/A
Average Volume (3M)481.87K
Price to Earnings (P/E)0.8
Beta (1Y)-0.38
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees1,500
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding55,852,406
10 Day Avg. Volume502,806
30 Day Avg. Volume481,868
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-1.33
Price to Sales (P/S)0.63
P/FCF Ratio36.33
Enterprise Value/Market Cap1.36
Enterprise Value/Revenue1.23
Enterprise Value/Gross Profit2.46
Enterprise Value/Ebitda5.73
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Namib Minerals Business Overview & Revenue Model
Company Description
Namib Minerals is a gold producer, developer and explorer with operations focused in Zimbabwe. The company was founded on June 5, 2025 and is headquartered in George Town, Cayman Islands....
Namib Minerals Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
34
Negative
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 82.59M | 85.88M | 65.06M | 47.66M | 0.00 |
| Gross Profit | 34.23M | 38.79M | 22.46M | 10.72M | 0.00 |
| EBITDA | 117.73M | 20.16M | 14.00M | 11.79M | 2.52M |
| Net Income | 101.18M | 3.59M | 3.63M | 2.93M | 2.52M |
Balance Sheet | |||||
| Total Assets | 62.79M | 51.04M | 40.98M | 41.35M | 343.73M |
| Cash, Cash Equivalents and Short-Term Investments | 1.89M | 698.00K | 278.00K | 59.00K | 1.97M |
| Total Debt | 5.18M | 2.90M | 813.00K | 1.22M | 0.00 |
| Total Liabilities | 102.07M | 81.97M | 69.33M | 60.09M | 27.96M |
| Stockholders Equity | -39.27M | -30.93M | -28.35M | -18.74M | 315.77M |
Cash Flow | |||||
| Free Cash Flow | 1.44M | 9.14M | 8.38M | 3.12M | -1.14M |
| Operating Cash Flow | 13.79M | 19.13M | 14.92M | 10.16M | -1.14M |
| Investing Cash Flow | -12.39M | -10.06M | -5.63M | -7.03M | -340.93M |
| Financing Cash Flow | 795.00K | -9.65M | -9.07M | -3.81M | 344.04M |
Namib Minerals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $497.73M | 21.54 | 21.25% | ― | 66.79% | 119.77% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | $661.12M | -7.06 | -34.41% | ― | ― | -400.46% | |
49 Neutral | $74.84M | 0.77 | -186.04% | ― | ― | ― | |
46 Neutral | $16.84M | -6.83 | -34.90% | ― | ― | 1.50% | |
45 Neutral | $120.96M | -6.55 | -51.15% | ― | ― | -57.39% |
* Basic Materials Sector Average
NAMM
Namib Minerals
1.34
-1.59
-54.27%
PZG
Paramount Gold Nevada
1.41
0.36
34.29%
CTGO
Contango ORE
19.77
-1.76
-8.17%
ATCX
Atlas Critical Minerals
3.15
-5.37
-63.08%
IDR
Idaho Strategic Resources
31.45
3.66
13.17%
AUST
Austin Gold Corp.
1.23
-0.61
-33.15%
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.