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Blue Moon Metals
(MOON)
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Rating:46Neutral
Price Target:
C$6.00
▼(-25.00% Downside)
Action:Reiterated
Date:09/23/26
The score is primarily pressured by weak financial performance driven by pre-revenue status, rapidly expanding losses, and significant negative operating and free cash flow, increasing reliance on external funding. Technicals are only mildly supportive with stabilization near short-term averages but negative MACD and below-100D pricing. Valuation is limited by ongoing losses (negative P/E) and no dividend yield data.
Positive Factors
Multi-metal project exposure
The primary project contains several base and precious metals, giving Blue Moon a multi-commodity resource profile rather than exposure to only one metal. This broadens the potential development pathway, although the project remains in exploration and development rather than production.
Negative Factors
Pre-revenue business
Blue Moon has not yet generated revenue, so its financial performance depends entirely on advancing an undeveloped mineral project rather than operating a producing asset. Until commercialization begins, the company lacks operating sales to offset costs or demonstrate recurring business economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-metal project exposure
The primary project contains several base and precious metals, giving Blue Moon a multi-commodity resource profile rather than exposure to only one metal. This broadens the potential development pathway, although the project remains in exploration and development rather than production.
Read all positive factors
Blue Moon Metals (MOON) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$543.91M
Dividend YieldN/A
Average Volume (3M)289.00K
Price to Earnings (P/E)―
Beta (1Y)1.15
Revenue GrowthN/A
EPS Growth-384.69%
CountryCA
Employees27
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-1.18
Shares Outstanding87,869,940
10 Day Avg. Volume242,650
30 Day Avg. Volume289,003
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$17.55Price Target Upside119.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.5
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 | 448.15K | -64.90K | -73.07K | -274.22K |
| 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
Negative
8.00
Price Trends
7.16
Negative
7.80
Negative
7.97
Negative
Market Momentum
-0.41
Negative
43.85
Neutral
58.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MOON, the sentiment is Negative. The current price of 8 is above the 20-day moving average (MA) of 6.40, above the 50-day MA of 7.16, and above the 200-day MA of 7.97, indicating a bearish trend. The MACD of -0.41 indicates Negative momentum. The RSI at 43.85 is Neutral, neither overbought nor oversold. The STOCH value of 58.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$603.28M | -216.22 | -3.92% | ― | ― | 40.46% | |
52 Neutral | C$223.31M | 173.68 | 709.14% | ― | ― | ― | |
50 Neutral | C$1.35B | -5.71 | -162.41% | ― | ― | -426.39% | |
47 Neutral | C$225.14M | -10.29 | 36.26% | ― | ― | -18.10% | |
46 Neutral | C$543.91M | -5.25 | -34.06% | ― | ― | -384.69% | |
42 Neutral | C$168.00M | -7.04 | -50.69% | ― | ― | -32.94% |
* Basic Materials Sector Average
TSE:MOON
Blue Moon Metals
6.19
2.86
85.89%
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TSE:SFR
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Blue Moon Metals Corporate Events
Business Operations and StrategyM&A Transactions
Blue Moon Advances Springer Tungsten Mine Restart With Mill Refurbishment Deal and Worker Housing Acquisition
Positive
Oct 26, 2026
Blue Moon Metals has signed a refurbishment contract with RAM Enterprise and Nordmin Engineering for the processing plant at its Springer tungsten mine in Nevada, with completion targeted for the fourth quarter of 2027. Wood Group has been engaged...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Blue Moon Metals Secures C$35 Million for Springer Project and Adds Elmet-Backed Director
Positive
Oct 19, 2026
Blue Moon Metals has closed a C$35 million non-brokered private placement with The Elmet Group, issuing 3.5 million units to fund development of its Springer tungsten-molybdenum project in the United States. Each unit includes a common share and a...
Business Operations and StrategyM&A Transactions
Blue Moon Metals Buys Turner Deposit to Expand Western U.S. Critical Minerals Hub
Positive
Sep 23, 2026
Blue Moon Metals has agreed to acquire 100% of the Turner copper-gold volcanic massive sulphide deposit in O’Brien, Oregon, from Gold Coast Mining, expanding its portfolio of western U.S. critical mineral assets. The past-producing Turner de...
Business Operations and StrategyRegulatory Filings and Compliance
Blue Moon Advances Springer Tungsten Project With Re-Assays, Stockpile Work and BLM Approval
Positive
Sep 22, 2026
Blue Moon Metals has reported initial results from its 18,000 metre relogging and re-assay campaign at the Springer Tungsten Project in Nevada, confirming several higher-grade tungsten intervals and validating the scale and continuity of the miner...
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.