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Luca Mining
(LUCA)
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Rating:55Neutral
Price Target:
C$0.96
▼(-9.91% Downside)
Action:Reiterated
Date:09/22/26
The score is primarily supported by improving operating performance and strong operating cash flow, but is held back by still-thin/volatile free cash flow and a balance sheet that remains meaningfully leveraged for a cyclical mining business. Technically, near-term momentum is moderately positive, yet the stock is still below its 200-day moving average. Valuation is a key drag given the negative P/E and no provided dividend yield.
Positive Factors
Improving Operating Performance
Strong TTM revenue growth alongside positive gross profit and EBIT shows that the operating turnaround is translating into better business economics. If sustained, this improvement can support stronger mine-level cash generation and provide a more resilient base for ongoing operations and development.
Negative Factors
Thin and Declining Free Cash Flow
Positive operating cash flow is not yet converting reliably into free cash flow, as TTM free cash flow remains thin and has declined sharply. This limits internally generated funding for mine investment, debt reduction, and shareholder returns, making cash conversion an important ongoing execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Operating Performance
Strong TTM revenue growth alongside positive gross profit and EBIT shows that the operating turnaround is translating into better business economics. If sustained, this improvement can support stronger mine-level cash generation and provide a more resilient base for ongoing operations and development.
Read all positive factors
Luca Mining (LUCA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$258.71M
Dividend YieldN/A
Average Volume (3M)1.37M
Price to Earnings (P/E)―
Beta (1Y)1.46
Revenue Growth76.71%
EPS Growth99.85%
CountryCA
Employees111
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding275,223,360
10 Day Avg. Volume1,169,311
30 Day Avg. Volume1,374,985
Financial Highlights & Ratios
PEG Ratio-0.32
Price to Book (P/B)6.48
Price to Sales (P/S)2.11
P/FCF Ratio45.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$2.75Price Target Upside157.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Luca Mining Business Overview & Revenue Model
Company Description
Luca Mining Corp. is a Canadian-based mining company that engages in the exploration, development, and operation of polymetallic mineral resource projects in Mexico. The company is in commercial production at its 100% owned Campo Morado Mine in Gu...
Luca Mining Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 215.99M | 179.92M | 76.71M | 67.03M | 59.21M | 69.68M |
| Gross Profit | 64.56M | 48.73M | 15.63M | 1.44M | 2.30M | 33.67M |
| EBITDA | 23.96M | 39.69M | -2.40M | -4.82M | -4.21M | 26.46M |
| Net Income | 6.61M | -21.42M | -9.92M | -15.00M | -11.61M | 36.27M |
Balance Sheet | ||||||
| Total Assets | 192.89M | 183.77M | 134.89M | 147.06M | 133.20M | 108.81M |
| Cash, Cash Equivalents and Short-Term Investments | 24.66M | 25.47M | 10.20M | 2.72M | 1.15M | 6.96M |
| Total Debt | 50.30M | 67.27M | 50.82M | 48.71M | 52.29M | 51.55M |
| Total Liabilities | 107.08M | 125.08M | 87.24M | 92.18M | 104.84M | 78.13M |
| Stockholders Equity | 85.81M | 58.69M | 47.66M | 54.88M | 28.36M | 30.67M |
Cash Flow | ||||||
| Free Cash Flow | 2.21M | 8.33M | -612.13K | -14.31M | -11.19M | -13.92M |
| Operating Cash Flow | 43.26M | 36.08M | 4.60M | -1.60M | 1.99M | 4.07M |
| Investing Cash Flow | -41.05M | -27.75M | -5.21M | -12.71M | -11.88M | -17.99M |
| Financing Cash Flow | -4.49M | 6.83M | 8.96M | 16.02M | 7.62M | 16.98M |
Luca Mining Technical Analysis
Negative
1.07
Price Trends
1.10
Negative
1.04
Negative
1.30
Negative
Market Momentum
-0.03
Positive
31.61
Neutral
10.42
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LUCA, the sentiment is Negative. The current price of 1.07 is below the 20-day moving average (MA) of 1.09, below the 50-day MA of 1.10, and below the 200-day MA of 1.30, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 31.61 is Neutral, neither overbought nor oversold. The STOCH value of 10.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:LUCA.
Luca Mining 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$258.71M | -354.07 | 0.28% | ― | 76.71% | 99.85% | |
53 Neutral | C$586.94M | -210.36 | -3.92% | ― | ― | 40.46% | |
50 Neutral | C$1.26B | -5.36 | -162.41% | ― | ― | -426.39% | |
44 Neutral | C$533.94M | -26.54 | 17.71% | ― | ― | -7.35% | |
42 Neutral | C$933.08M | -34.96 | -27.24% | ― | ― | -97.05% | |
42 Neutral | C$274.18M | -20.37 | -67.15% | 19.75% | 17.54% | -211.92% |
* General Sector Average
TSE:LUCA
Luca Mining
0.94
-0.32
-25.40%
TSE:ETG
Entree Gold
2.56
0.20
8.47%
TSE:OM
Osisko Metals Incorporated
1.39
0.86
162.26%
TSE:NCX
NorthIsle Copper and Gold
2.80
0.97
53.01%
TSE:REG
Regulus Resources
4.67
1.37
41.52%
TSE:TI
Titan Mining Corporation
2.77
-1.03
-27.11%
Luca Mining Corporate Events
Business Operations and Strategy
Luca Mining Hits High-Grade Gold at Tahuehueto, Boosting Near-Term Mine Potential
Positive
Oct 29, 2026
Luca Mining reported strong new drill results from its 2026 exploration program at the Tahuehueto gold-silver mine in Mexico, highlighted by a 18.7-metre intercept grading 6.28 g/t gold equivalent in the Creston Vein. Because this high-grade zone ...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Luca Mining Secures C$211 Million to Fund Cozamin Mine Acquisition
Positive
Oct 14, 2026
Luca Mining Corp. has completed a C$155 million bought deal private placement of 155 million subscription receipts at C$1.00 each, led by National Bank Financial and a syndicate of underwriters, alongside a C$56.4 million non-brokered private plac...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Luca Mining Posts Mixed Q3 Output as Campo Morado Gains Offset Tahuehueto Weakness
Negative
Oct 13, 2026
Luca Mining reported mixed Q3 2026 performance, with Campo Morado delivering higher quarter-over-quarter gold, silver and zinc output and sales on the back of improved grades and metallurgical recoveries, aided by stockpiling, mill feed blending a...
Business Operations and StrategyM&A Transactions
Luca Mining to Acquire Cozamin Mine, Doubling Production and Cash Flow
Positive
Sep 21, 2026
Luca Mining Corp. has agreed to acquire 100% of the Cozamin underground copper-silver mine in Zacatecas, Mexico from Capstone Copper for $290 million upfront plus up to $95 million in deferred and contingent payments. The deal adds a long-standing...
Business Operations and StrategyM&A Transactions
Luca Mining to Acquire El Barqueño Project from Agnico Eagle in Strategic Mexico Expansion
Positive
Sep 17, 2026
Luca Mining Corp. has entered a definitive agreement to acquire 100% of the El Barqueño gold-silver-copper property in Jalisco, Mexico, from Agnico Eagle Mines Limited. The project spans more than 32,000 hectares, benefits from strong local i...
Business Operations and StrategyFinancial Disclosures
Luca Mining Boosts Earnings and Revenue While Investing Heavily in Mine Growth
Positive
Aug 17, 2026
Luca Mining reported strong second-quarter results, with revenue rising 47% year-over-year to $58.4 million and net earnings reaching $10.5 million, reversing a loss in the prior-year period. First-half 2026 revenue climbed to $116.0 million, net ...
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.