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NorthIsle Copper and Gold
(NCX)
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Rating:53Neutral
Price Target:
C$4.50
▲(4.90% Upside)
Action:Reiterated
Date:08/25/26
The score is held back primarily by weak financial performance (no revenue, widening losses, and large/accelerating cash burn), implying ongoing funding risk despite very low leverage. Technical indicators are a meaningful positive, showing a strong uptrend and bullish momentum, but valuation remains unattractive/unclear due to negative earnings and no indicated dividend support.
Positive Factors
Very Low Leverage
Minimal debt limits interest and refinancing pressure, preserving flexibility to fund exploration and studies. This is especially valuable for a pre-revenue developer, although it does not remove the need for future equity or strategic funding.
Negative Factors
No Operating Revenue
Without recurring metal sales, NorthIsle lacks internal operating revenue to fund exploration, permitting, and overhead. Its financial progress therefore depends on project advancement and continued access to external capital or partners.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Minimal debt limits interest and refinancing pressure, preserving flexibility to fund exploration and studies. This is especially valuable for a pre-revenue developer, although it does not remove the need for future equity or strategic funding.
Read all positive factors
NorthIsle Copper and Gold (NCX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.46B
Dividend YieldN/A
Average Volume (3M)630.60K
Price to Earnings (P/E)―
Beta (1Y)0.95
Revenue GrowthN/A
EPS Growth-97.05%
CountryCA
Employees17
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.08
Shares Outstanding333,243,870
10 Day Avg. Volume627,584
30 Day Avg. Volume630,603
Financial Highlights & Ratios
PEG Ratio-2.26
Price to Book (P/B)18.07
Price to Sales (P/S)0.00
P/FCF Ratio-47.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$7.00Price Target Upside63.17% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.07
Revenue Forecast (FY)N/A
NorthIsle Copper and Gold Business Overview & Revenue Model
Company Description
NorthIsle Copper and Gold Inc. (NCX.V) is a Canadian firm dedicated to the exploration and development of mineral resources. Its primary focus lies in identifying deposits of copper, gold, molybdenum, and rhenium. The company's flagship asset is t...
How the Company Makes Money
NorthIsle Copper and Gold does not typically generate recurring operating revenue from selling copper or gold because it is primarily an exploration/development-stage company rather than a producing miner. Instead, its funding generally comes from...
NorthIsle Copper and Gold Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
62
Positive
Cash Flow
12
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -210.65K | -102.40K | -7.41K | -5.54M | -62.52K | -62.52K |
| EBITDA | -29.99M | -17.02M | ― | -7.47M | -7.60M | -5.29M |
| Net Income | -24.67M | -13.48M | -9.51M | -5.35M | -6.66M | -5.23M |
Balance Sheet | ||||||
| Total Assets | 139.29M | 44.67M | 20.08M | 18.00M | 16.72M | 16.64M |
| Cash, Cash Equivalents and Short-Term Investments | 125.81M | 32.50M | 9.48M | 7.54M | 5.89M | 5.90M |
| Total Debt | 662.51K | 434.49K | 170.60K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 4.79M | 5.30M | 3.24M | 1.38M | 3.08M | 813.56K |
| Stockholders Equity | 134.51M | 39.37M | 16.84M | 16.62M | 13.64M | 15.83M |
Cash Flow | ||||||
| Free Cash Flow | -26.92M | -14.85M | -9.15M | -6.51M | -7.23M | -5.66M |
| Operating Cash Flow | -26.57M | -14.55M | -9.15M | -6.51M | -7.23M | -5.52M |
| Investing Cash Flow | -199.24K | -307.65K | 0.00 | 0.00 | 108.17K | -391.74K |
| Financing Cash Flow | 147.22M | 37.93M | 11.08M | 8.17M | 7.21M | 8.76M |
NorthIsle Copper and Gold Technical Analysis
Positive
4.29
Price Trends
3.48
Positive
3.22
Positive
2.98
Positive
Market Momentum
0.29
Negative
67.54
Neutral
80.69
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NCX, the sentiment is Positive. The current price of 4.29 is above the 20-day moving average (MA) of 4.07, above the 50-day MA of 3.48, and above the 200-day MA of 2.98, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 67.54 is Neutral, neither overbought nor oversold. The STOCH value of 80.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NCX.
NorthIsle Copper and Gold Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | C$541.49M | -44.04 | -7.84% | ― | ― | -5566.67% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | C$1.46B | -57.05 | -27.24% | ― | ― | -97.05% | |
51 Neutral | C$744.12M | -116.78 | -2.57% | ― | ― | -60.67% | |
47 Neutral | C$345.98M | -12.31 | -59.68% | ― | ― | -378.81% | |
46 Neutral | C$872.12M | -23.44 | -43.89% | ― | ― | 8.75% | |
41 Neutral | C$363.01M | -6.12 | -67.67% | ― | ― | -138.33% |
* General Sector Average
TSE:NCX
NorthIsle Copper and Gold
4.45
3.15
242.31%
TSE:WRN
Western Copper
3.32
1.28
62.75%
TSE:MNO
Meridian Mining SE
1.90
1.05
123.53%
TSE:GQC
GoldQuest Mining
0.88
0.19
27.54%
TSE:UCU
Ucore Rare Metals
2.54
-1.01
-28.35%
TSE:ALDE
Aldebaran Resources Inc
2.99
0.61
25.95%
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.