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Blue Moon Metals
(MOON)
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Rating:48Neutral
Price Target:
C$8.50
▲(6.25% Upside)
Action:Reiterated
Date:08/26/26
The score is held down primarily by weak financial performance (no revenue, rapidly widening losses, and heavy cash burn), which outweighs balance-sheet flexibility from low leverage. Technicals are mixed with only modest support and negative MACD, while valuation is not compelling given losses and no stated dividend. Offsetting these, corporate events are positive, with permitting and project-development milestones that modestly improve the outlook.
Positive Factors
Low leverage and expanded equity base
Very low leverage provides financial flexibility while the larger equity base strengthens funding capacity for exploration and development. This reduces balance-sheet strain during the pre-commercial period, although future funding will still depend on how efficiently capital is deployed.
Negative Factors
Pre-revenue operating profile
The company has not yet established operating revenue, so financial performance remains driven by development costs rather than sales. Losses widening from 2024 through the latest TTM period indicates that commercialization is still distant and earnings quality remains weak.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and expanded equity base
Very low leverage provides financial flexibility while the larger equity base strengthens funding capacity for exploration and development. This reduces balance-sheet strain during the pre-commercial period, although future funding will still depend on how efficiently capital is deployed.
Read all positive factors
Blue Moon Metals (MOON) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$720.97M
Dividend YieldN/A
Average Volume (3M)317.94K
Price to Earnings (P/E)―
Beta (1Y)1.11
Revenue GrowthN/A
EPS Growth-384.69%
CountryCA
Employees27
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-1.18
Shares Outstanding82,869,940
10 Day Avg. Volume289,611
30 Day Avg. Volume317,943
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.13
Price to Sales (P/S)0.00
P/FCF Ratio-6.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$17.38Price Target Upside117.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.6
Revenue Forecast (FY)N/A
Blue Moon Metals Business Overview & Revenue Model
Company Description
Blue Moon Metals Inc., an exploration-focused mining company, is dedicated to the discovery and advancement of mineral properties across Canada and the United States. The firm primarily targets deposits rich in zinc, copper, lead, silver, and gold...
Blue Moon Metals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.53M | -1.43M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -87.82M | -36.07M | -493.58K | -64.90K | -324.28K | -1.48M |
| Net Income | -86.06M | -37.20M | -495.76K | -340.86K | -349.08K | -1.52M |
Balance Sheet | ||||||
| Total Assets | 436.68M | 254.10M | 32.37M | 1.08M | 755.00K | 1.42M |
| Cash, Cash Equivalents and Short-Term Investments | 160.08M | 93.62M | 3.47M | 355.34K | 30.19K | 582.07K |
| Total Debt | 16.96M | 15.64M | 0.00 | 0.00 | 200.00K | 306.00K |
| Total Liabilities | 44.87M | 29.09M | 27.92M | 194.92K | 314.96K | 632.46K |
| Stockholders Equity | 388.73M | 220.66M | 4.46M | 881.47K | 440.04K | 789.12K |
Cash Flow | ||||||
| Free Cash Flow | -115.08M | -37.45M | -622.51K | -322.14K | -405.65K | -1.46M |
| Operating Cash Flow | -68.31M | -30.17M | -619.82K | -322.14K | -405.65K | -1.46M |
| Investing Cash Flow | -44.14M | -17.52M | -174.55K | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 257.34M | 110.09M | 30.43M | 632.80K | -146.23K | 1.78M |
Blue Moon Metals Technical Analysis
Positive
8.00
Price Trends
8.01
Positive
8.96
Negative
7.53
Positive
Market Momentum
0.14
Negative
59.13
Neutral
80.99
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MOON, the sentiment is Positive. The current price of 8 is above the 20-day moving average (MA) of 7.61, below the 50-day MA of 8.01, and above the 200-day MA of 7.53, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 59.13 is Neutral, neither overbought nor oversold. The STOCH value of 80.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MOON.
Blue Moon Metals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | C$618.94M | -123.25 | -3.92% | ― | ― | 40.46% | |
52 Neutral | C$227.82M | 177.19 | 709.14% | ― | ― | ― | |
50 Neutral | C$1.48B | -6.37 | -162.41% | ― | ― | -426.39% | |
48 Neutral | C$720.97M | -7.37 | -34.06% | ― | ― | -384.69% | |
43 Neutral | C$266.86M | -16.49 | -38.46% | ― | ― | -15.58% | |
43 Neutral | C$225.14M | -8.03 | 56.76% | ― | ― | -18.10% |
* Basic Materials Sector Average
TSE:MOON
Blue Moon Metals
8.70
5.34
158.93%
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Blue Moon Metals Corporate Events
Business Operations and StrategyM&A Transactions
Blue Moon Metals Buys Strategic Water Rights and Land Near Nevada Springer Mine
Positive
Sep 3, 2026
Blue Moon Metals has agreed to acquire a 2,100-acre land package and associated water rights near its Springer tungsten-molybdenum project in Pershing County, Nevada, for US$3.5 million in cash and US$4.5 million in shares. The property sits betwe...
Business Operations and StrategyRegulatory Filings and Compliance
Blue Moon Metals Wins Key Permits to Start Building Nevada Tungsten Mine
Positive
Aug 20, 2026
Blue Moon Metals has secured the transfer of key Nevada environmental permits and posted the reclamation closure bond for its Springer tungsten project, clearing the way for construction activities including refurbishment of the existing mill. The...
Business Operations and StrategyRegulatory Filings and Compliance
Blue Moon Metals Rejects Short Seller Allegations, Affirms Nussir Permits Intact
Positive
Aug 13, 2026
Blue Moon Metals moved to rebut a critical short seller report from Viceroy Research, denouncing it as a profit-driven “short-and-distort” campaign built on speculation and mischaracterizations of the company’s business and prosp...
Business Operations and StrategyM&A Transactions
Blue Moon Metals Buys 33 U.S. Tungsten and Antimony Projects Near Springer Complex
Positive
Aug 11, 2026
Blue Moon Metals has acquired a portfolio of 33 tungsten and antimony projects in the western United States, all near its Springer complex, in a deal valued at roughly US$20.5 million in cash and shares plus royalties and contingent payments. The ...
Business Operations and Strategy
Blue Moon Strengthens Resource Confidence with New Infill Results at Nussir
Positive
Aug 10, 2026
Blue Moon Metals reported initial results from 12 surface infill drill holes at its Nussir copper project, totaling 2,628.6 metres and testing more than 700 metres of strike within the current Indicated Resource near planned early production areas...
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.