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Northcliff Resources
(TSX:NCF)
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Rating:49Neutral
Price Target:
C$0.32
▲(4.19% Upside)
Action:Reiterated
Date:08/24/26
The score is primarily held back by weak financial performance (no revenue, ongoing losses, and higher recent free-cash-flow burn despite improving net loss). Technical indicators are modestly supportive in the near term, while valuation remains unattractive due to a deeply negative P/E and no dividend. The recent debt extinguishment is a positive balance-sheet event, partially offset by increased ownership concentration risk.
Positive Factors
Debt Reduction
Removing the convertible loan reduces balance-sheet obligations and future financing pressure. This gives Northcliff greater flexibility while it advances the Sisson project, although it does not eliminate the need for future development capital.
Negative Factors
Pre-Revenue Business Model
Northcliff has no producing-mine revenue, so its value depends on advancing and financing the Sisson project. Until construction and production occur, the company lacks recurring operating cash inflows and remains exposed to development delays.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt Reduction
Removing the convertible loan reduces balance-sheet obligations and future financing pressure. This gives Northcliff greater flexibility while it advances the Sisson project, although it does not eliminate the need for future development capital.
Read all positive factors
Northcliff Resources (NCF) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$236.41M
Dividend YieldN/A
Average Volume (3M)81.83K
Price to Earnings (P/E)―
Beta (1Y)2.58
Revenue GrowthN/A
EPS Growth78.95%
CountryCA
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)<0.01
Shares Outstanding630,417,970
10 Day Avg. Volume155,931
30 Day Avg. Volume81,835
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
63
Positive
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 | -382.45K | -1.33M | -2.21M | -2.27M | -1.68M | -1.19M |
| Net Income | -473.32K | -1.34M | -2.10M | -2.65M | -1.88M | -1.27M |
Balance Sheet | ||||||
| Total Assets | 37.10M | 34.21M | 30.53M | 31.03M | 32.43M | 28.34M |
| Cash, Cash Equivalents and Short-Term Investments | 546.11K | 1.62M | 1.34M | 2.13M | 4.93M | 1.44M |
| Total Debt | 3.73M | 3.55M | 0.00 | 1.32M | 4.45M | 1.34M |
| Total Liabilities | 8.49M | 5.23M | 1.64M | 2.40M | 6.57M | 2.54M |
| Stockholders Equity | 25.00M | 25.23M | 25.06M | 24.66M | 22.32M | 22.65M |
Cash Flow | ||||||
| Free Cash Flow | -9.28M | -5.21M | -1.11M | -4.65M | -1.28M | -994.10K |
| Operating Cash Flow | -2.61M | -2.99M | -1.11M | -3.78M | -727.53K | -676.45K |
| Investing Cash Flow | -2.07M | -1.38M | -698.92K | -686.49K | -528.37K | -306.90K |
| Financing Cash Flow | 4.68M | 4.66M | 1.02M | 1.67M | 4.75M | 831.97K |
Northcliff Resources Technical Analysis
Positive
0.31
Price Trends
0.31
Positive
0.33
Positive
0.33
Positive
Market Momentum
0.02
Negative
69.42
Neutral
93.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NCF, the sentiment is Positive. The current price of 0.31 is below the 20-day moving average (MA) of 0.32, above the 50-day MA of 0.31, and below the 200-day MA of 0.33, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 69.42 is Neutral, neither overbought nor oversold. The STOCH value of 93.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NCF.
Northcliff Resources 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% | |
49 Neutral | C$236.41M | -3,900.00 | -1.88% | ― | ― | 78.95% | |
49 Neutral | C$90.75M | -36.88 | -10.45% | ― | ― | -150.00% | |
48 Neutral | C$87.74M | -25.09 | -3.40% | ― | ― | 24.32% | |
46 Neutral | C$188.96M | -63.74 | -4.75% | ― | ― | -1940.00% | |
45 Neutral | C$106.49M | -8.70 | 135.18% | ― | ― | 29.72% |
* Basic Materials Sector Average
TSE:NCF
Northcliff Resources
0.39
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Northcliff Resources Corporate Events
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.