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Northcliff Resources
(TSX:NCF)
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Rating:43Neutral
Price Target:
C$0.27
▼(-12.90% Downside)
Action:Reiterated
Date:10/24/26
The score is weighed down primarily by weak financial performance (no revenue, widening losses, and worsening free cash flow indicating elevated funding risk). Technical indicators also point to a bearish trend with the price below key moving averages and negative MACD. Valuation does not provide support due to negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Equity Cushion
The sizable equity base gives Northcliff some financial resilience while it advances the Sisson project. Although it does not eliminate funding needs, this cushion can help absorb ongoing losses and support development activities before any potential project revenue begins.
Negative Factors
Pre-Revenue Business
The absence of revenue means Northcliff currently lacks operating cash inflows from producing assets and remains dependent on project advancement and external funding. Until Sisson reaches a commercial stage, financial performance will remain disconnected from production-based revenue generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Equity Cushion
The sizable equity base gives Northcliff some financial resilience while it advances the Sisson project. Although it does not eliminate funding needs, this cushion can help absorb ongoing losses and support development activities before any potential project revenue begins.
Read all positive factors
Northcliff Resources (NCF) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$189.05M
Dividend YieldN/A
Average Volume (3M)88.12K
Price to Earnings (P/E)―
Beta (1Y)2.27
Revenue GrowthN/A
EPS Growth-89.66%
CountryCA
Employees3
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding663,329,160
10 Day Avg. Volume53,919
30 Day Avg. Volume88,123
Financial Highlights & Ratios
PEG Ratio2.22
Price to Book (P/B)4.62
Price to Sales (P/S)0.00
P/FCF Ratio-22.38
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
Northcliff Resources Business Overview & Revenue Model
Company Description
Northcliff Resources Ltd. and its subsidiaries are actively involved in the procurement, exploration, and development of mineral projects across Canada. Their flagship venture is the Sisson Tungsten-Molybdenum project, an expansive 18,880-hectare ...
How the Company Makes Money
Northcliff Resources does not have publicly available information indicating it generates recurring operating revenue from producing mines. Its value and any potential future revenue are primarily tied to the advancement and potential monetization...
Northcliff Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -50.00K | -348.22K | -974.05K | -437.73K | -214.00 | -658.00 |
| EBITDA | -598.87K | -1.33M | 86.70K | -2.27M | -1.68M | -1.19M |
| Net Income | -3.44M | -1.34M | -2.10M | -2.65M | -1.88M | -1.27M |
Balance Sheet | ||||||
| Total Assets | 38.40M | 34.21M | 30.53M | 31.03M | 32.43M | 28.34M |
| Cash, Cash Equivalents and Short-Term Investments | 4.69M | 1.62M | 1.34M | 2.13M | 4.93M | 1.44M |
| Total Debt | 9.80M | 3.55M | 0.00 | 1.32M | 4.45M | 1.34M |
| Total Liabilities | 11.47M | 5.23M | 1.64M | 2.40M | 6.57M | 2.54M |
| Stockholders Equity | 22.02M | 25.23M | 25.06M | 24.66M | 22.32M | 22.65M |
Cash Flow | ||||||
| Free Cash Flow | -13.63M | -5.21M | -1.11M | -4.65M | -1.28M | -994.10K |
| Operating Cash Flow | -2.39M | -2.99M | -1.11M | -3.78M | -727.53K | -676.45K |
| Investing Cash Flow | -1.52M | -1.38M | -698.92K | -686.49K | -528.37K | -306.90K |
| Financing Cash Flow | 8.10M | 4.66M | 1.02M | 1.67M | 4.75M | 831.97K |
Northcliff Resources Technical Analysis
Negative
0.31
Price Trends
0.35
Negative
0.32
Negative
0.35
Negative
Market Momentum
-0.01
Positive
31.51
Neutral
14.13
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NCF, the sentiment is Negative. The current price of 0.31 is below the 20-day moving average (MA) of 0.34, below the 50-day MA of 0.35, and below the 200-day MA of 0.35, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 31.51 is Neutral, neither overbought nor oversold. The STOCH value of 14.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NCF.
Northcliff Resources 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% | |
46 Neutral | C$74.17M | -30.14 | -10.45% | ― | ― | -150.00% | |
45 Neutral | C$98.97M | -7.90 | 135.18% | ― | ― | 29.72% | |
43 Neutral | C$189.05M | -59.38 | -14.14% | ― | ― | -89.66% | |
43 Neutral | C$72.70M | -20.94 | -3.40% | ― | ― | 24.32% | |
43 Neutral | C$161.64M | -29.55 | -8.44% | ― | ― | -86.75% |
* General Sector Average
TSE:NCF
Northcliff Resources
0.29
0.12
78.12%
TSE:PWM
Power Metals Corp
0.43
-0.51
-54.30%
TSE:CCCM
C3 Metals
0.58
-0.49
-45.79%
TSE:FL
Frontier Lithium
0.40
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-41.04%
TSE:FPC
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0.46
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35.82%
Northcliff Resources Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Northcliff’s Updated Sisson Feasibility Study Confirms Strong Economics for Critical Minerals Mine
Positive
Oct 2, 2026
Northcliff Resources has filed an updated feasibility study for its Sisson tungsten-molybdenum project in New Brunswick, confirming strong economics for a proposed open pit mine and processing plant. The study outlines a 27-year operation with pro...
Business Operations and StrategyFinancial Disclosures
Northcliff’s Updated Sisson Feasibility Study Shows Strong Economics for Critical Minerals Mine
Positive
Aug 31, 2026
Northcliff Resources has released an updated feasibility study for its Sisson Project in New Brunswick, confirming robust economics for an open-pit mine and processing facility producing tungsten and molybdenum concentrates. The project, designed ...
Business Operations and StrategyPrivate Placements and Financing
Northcliff Extinguishes Convertible Loan as Todd Boosts Stake to 81.9%
Positive
Aug 17, 2026
Northcliff Resources has extinguished a $7.349 million convertible loan, including accrued interest totaling $7.56 million, by issuing 32,856,205 shares to Todd Sisson (NZ) Limited. As a result of the share issuance, Todd, a subsidiary of the Todd...
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.