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FPX Nickel
(FPX)
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Rating:47Neutral
Price Target:
C$0.31
▼(-13.89% Downside)
Action:Reiterated
Date:10/06/26
The score is held down primarily by weak financial performance (no revenue, widening losses, and accelerating cash burn), partially offset by a conservative balance sheet with very low debt. Technicals are broadly neutral but still below key longer-term moving averages, while valuation is constrained by a negative P/E and no dividend yield support in the provided data.
Positive Factors
Very low leverage
Extremely low leverage gives FPX financial flexibility while it advances its project. A capital structure funded largely by equity reduces interest burden and refinancing pressure, providing greater capacity to manage development spending and withstand periods of weak operating performance.
Negative Factors
No revenue generation
FPX remains pre-commercial, so it has no operating revenue to fund exploration, studies, or corporate costs. Until the project reaches production or another commercial milestone, the company lacks an internal sales engine and remains exposed to extended development timelines.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low leverage gives FPX financial flexibility while it advances its project. A capital structure funded largely by equity reduces interest burden and refinancing pressure, providing greater capacity to manage development spending and withstand periods of weak operating performance.
Read all positive factors
FPX Nickel (FPX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$99.49M
Dividend YieldN/A
Average Volume (3M)72.75K
Price to Earnings (P/E)―
Beta (1Y)0.48
Revenue GrowthN/A
EPS Growth-95.41%
CountryCA
Employees6
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding315,832,100
10 Day Avg. Volume132,802
30 Day Avg. Volume72,754
Financial Highlights & Ratios
PEG Ratio-0.38
Price to Book (P/B)2.46
Price to Sales (P/S)0.00
P/FCF Ratio-46.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.06
Revenue Forecast (FY)C$1.03B
FPX Nickel Business Overview & Revenue Model
Company Description
FPX Nickel Corp. operates as a junior mining company focused on nickel, engaging in the acquisition, exploration, and advancement of mineral properties. Its primary objective is to explore for awaruite, a nickel-iron alloy. The company's key asset...
FPX Nickel Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
66
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -259.65K | -263.96K | -250.71K | -139.00K | -88.08K | -50.69K |
| EBITDA | -6.90M | -4.89M | -2.52M | -4.27M | -3.61M | -3.75M |
| Net Income | -6.70M | -5.06M | -2.71M | -4.34M | -3.64M | -3.84M |
Balance Sheet | ||||||
| Total Assets | 70.20M | 72.68M | 77.27M | 59.89M | 42.27M | 30.46M |
| Cash, Cash Equivalents and Short-Term Investments | 11.36M | 16.23M | 34.07M | 28.92M | 18.02M | 14.54M |
| Total Debt | 89.03K | 133.43K | 209.26K | 269.44K | 154.07K | 237.71K |
| Total Liabilities | 3.03M | 4.20M | 4.21M | 2.33M | 718.43K | 690.88K |
| Stockholders Equity | 65.40M | 66.67M | 71.64M | 56.06M | 39.94M | 29.77M |
Cash Flow | ||||||
| Free Cash Flow | -5.14M | -3.55M | -1.88M | -2.17M | -10.54M | -6.43M |
| Operating Cash Flow | -3.61M | -3.55M | -1.88M | -1.97M | -3.22M | -1.66M |
| Investing Cash Flow | -10.87M | -14.11M | -11.23M | -6.39M | -7.34M | -4.77M |
| Financing Cash Flow | -255.66K | -177.29K | 18.26M | 19.27M | 14.04M | 15.13M |
FPX Nickel Technical Analysis
Neutral
0.36
Price Trends
0.34
Negative
0.38
Negative
0.45
Negative
Market Momentum
-0.01
Negative
51.84
Neutral
72.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FPX, the sentiment is Neutral. The current price of 0.36 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.34, and below the 200-day MA of 0.45, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 51.84 is Neutral, neither overbought nor oversold. The STOCH value of 72.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:FPX.
FPX Nickel Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | C$553.32M | -10.60 | -163.08% | ― | ― | -64.63% | |
49 Neutral | C$183.08M | -8.11 | -4.40% | ― | ― | -35.71% | |
49 Neutral | C$18.03M | -1.80 | -146.90% | ― | 89.53% | -16.40% | |
49 Neutral | C$153.29M | -6.35 | -93.99% | ― | ― | 62.56% | |
47 Neutral | C$99.49M | -15.33 | -10.05% | ― | ― | -95.41% | |
46 Neutral | C$144.60M | -12.62 | -9999.00% | ― | 351.39% | -682.81% |
* General Sector Average
TSE:FPX
FPX Nickel
0.33
-0.09
-22.62%
TSE:NIM
Nicola Mining
0.65
-0.47
-41.96%
TSE:WM
Wallbridge Mng Co
0.09
-0.02
-15.45%
TSE:ELEC
Electric Royalties
0.13
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-10.34%
TSE:RUA
Rua Gold
1.33
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33.00%
TSE:MAXX
Max Power Mining Corp
2.75
2.37
623.68%
FPX Nickel Corporate Events
Business Operations and Strategy
FPX Nickel Ramps Up Drilling and Expands Advocate Property in Newfoundland
Positive
Oct 1, 2026
FPX Nickel has completed its first drilling campaign at the Birchy North target on the Advocate Nickel Property in Newfoundland, where eight diamond drill holes totaling 2,421 metres all showed visible awaruite nickel, with assay results expected ...
Business Operations and StrategyRegulatory Filings and Compliance
FPX Nickel Deepens ESG Commitments With Expanded Global Standards
Positive
Sep 17, 2026
FPX Nickel has renewed its commitment to the United Nations Global Compact and filed its first Communications on Progress report, outlining how it advances principles in human rights, labour, environment and anti-corruption. The disclosure highlig...
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.