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Iconic Minerals
(ICM)
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Rating:47Neutral
Price Target:
C$0.07
▼(-7.50% Downside)
Action:Reiterated
Date:08/26/26
The score is held down primarily by weak financial performance (pre-revenue, ongoing operating losses, and significant negative TTM cash flow), partly offset by a low-debt balance sheet and improved equity base. Technicals contribute a modest lift due to near-term strength above shorter moving averages and positive MACD, while valuation remains challenged because the company is unprofitable and has no stated dividend yield.
Positive Factors
Low Debt
The absence of reported debt in 2024–TTM reduces fixed financial obligations and near-term solvency pressure. This gives Iconic Minerals greater flexibility to allocate available capital toward exploration and operations, although it does not offset the company’s current losses or cash burn.
Negative Factors
Pre-Revenue Business Model
The absence of reported revenue means Iconic Minerals has not yet demonstrated commercial traction or a recurring source of operating income. Until revenue begins and scales, the business remains dependent on capital resources and exposed to continued uncertainty around its ability to fund growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Debt
The absence of reported debt in 2024–TTM reduces fixed financial obligations and near-term solvency pressure. This gives Iconic Minerals greater flexibility to allocate available capital toward exploration and operations, although it does not offset the company’s current losses or cash burn.
Read all positive factors
Iconic Minerals (ICM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$13.93M
Dividend YieldN/A
Average Volume (3M)167.94K
Price to Earnings (P/E)―
Beta (1Y)1.52
Revenue GrowthN/A
EPS Growth-480.95%
CountryCA
Employees10
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.01
Shares Outstanding185,759,050
10 Day Avg. Volume243,220
30 Day Avg. Volume167,944
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)32.60
Price to Sales (P/S)0.00
P/FCF Ratio-20.86
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)N/A
Revenue Forecast (FY)N/A
Iconic Minerals Business Overview & Revenue Model
Company Description
Iconic Minerals Ltd. is a mineral exploration company dedicated to the discovery and development of gold and lithium deposits across Nevada and Canada. In Nevada, the company maintains a diverse portfolio of holdings. This includes outright owners...
Iconic Minerals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Aug 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -2.38M | -291.13K | -712.00K | -1.94M | -768.60K | -1.08M |
| Net Income | -2.02M | -291.12K | -2.28M | 17.58M | -1.05M | -1.21M |
Balance Sheet | ||||||
| Total Assets | 3.83M | 1.79M | 2.13M | 4.26M | 9.01M | 7.04M |
| Cash, Cash Equivalents and Short-Term Investments | 2.02M | 316.87K | 403.66K | 2.41M | 137.39K | 1.53M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 1.65M | 1.83M |
| Total Liabilities | 319.83K | 1.42M | 1.52M | 1.39M | 7.45M | 4.58M |
| Stockholders Equity | 3.51M | 362.23K | 610.66K | 2.87M | 1.57M | 2.47M |
Cash Flow | ||||||
| Free Cash Flow | -2.05M | -566.18K | -222.80K | -3.32M | -1.04M | -1.26M |
| Operating Cash Flow | -2.05M | -566.18K | -222.80K | -3.32M | 1.70M | 29.60K |
| Investing Cash Flow | -102.90K | 324.67K | -60.42K | -160.15K | -174.70K | 579.73K |
| Financing Cash Flow | 4.06M | 387.50K | 0.00 | -16.54K | -316.18K | 1.64M |
Iconic Minerals Technical Analysis
Positive
0.08
Price Trends
0.06
Positive
0.07
Positive
0.11
Negative
Market Momentum
<0.01
Negative
69.68
Neutral
70.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ICM, the sentiment is Positive. The current price of 0.08 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.06, and below the 200-day MA of 0.11, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 69.68 is Neutral, neither overbought nor oversold. The STOCH value of 70.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ICM.
Iconic Minerals 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% | |
49 Neutral | C$39.18M | -16.11 | -133.88% | ― | ― | 58.10% | |
48 Neutral | C$14.73M | -7.43 | -36.04% | ― | ― | 42.64% | |
47 Neutral | C$13.93M | -6.15 | -107.29% | ― | ― | -480.95% | |
47 Neutral | C$22.20M | -7.05 | -89.43% | ― | ― | 25.71% | |
43 Neutral | C$16.49M | -1.33 | -161.75% | ― | ― | -78.95% |
* General Sector Average
TSE:ICM
Iconic Minerals
0.08
0.00
0.00%
TSE:BARU
Baru Gold
0.06
-0.03
-31.25%
TSE:DLTA
Delta Resources
0.24
0.07
41.18%
TSE:OMM
Omineca Mining and Metals
0.06
>-0.01
-8.33%
TSE:OCI
Orefinders Resources
0.18
0.11
157.14%
TSE:KALO
Kalo Gold Holdings
0.14
-0.26
-65.00%
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.