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Nexmetals Mining
(NEXM)
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Rating:43Neutral
Price Target:
C$3.50
▲(0.57% Upside)
Action:Reiterated
Date:08/19/26
The score is primarily constrained by weak financial performance driven by a pre-revenue model, ongoing large losses, and sustained negative free cash flow that heightens funding/dilution risk. Technicals also weigh on the score with a clear downtrend (price below key moving averages) and negative MACD. Low leverage offers some balance-sheet resilience, but valuation metrics are difficult to rely on given negative earnings and no dividend yield provided.
Positive Factors
Low Financial Leverage
TTM debt-to-equity of about 0.03 indicates limited debt-related pressure today. This gives the company more flexibility than a highly leveraged miner while projects are developed, although it does not remove the need for future equity or other financing.
Negative Factors
Pre-Revenue Business Model
The absence of reported revenue means Nexmetals has no demonstrated operating sales base to fund development or corporate costs. Until production and commercialization begin, financial progress remains dependent on project execution and continued access to capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
TTM debt-to-equity of about 0.03 indicates limited debt-related pressure today. This gives the company more flexibility than a highly leveraged miner while projects are developed, although it does not remove the need for future equity or other financing.
Read all positive factors
Nexmetals Mining (NEXM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$115.14M
Dividend YieldN/A
Average Volume (3M)40.10K
Price to Earnings (P/E)―
Beta (1Y)1.73
Revenue GrowthN/A
EPS Growth62.00%
CountryCA
Employees204
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-1.74
Shares Outstanding35,648,163
10 Day Avg. Volume31,066
30 Day Avg. Volume40,099
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)1.34
Price to Sales (P/S)0.00
P/FCF Ratio-2.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$12.50Price Target Upside259.20% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.94
Revenue Forecast (FY)N/A
Nexmetals Mining Business Overview & Revenue Model
Company Description
NexMetals Mining Corp., along with its various subsidiary entities, focuses on the procurement, investigation, and evaluation of mineral properties. These operations span multiple countries, specifically Canada, Barbados, and Botswana. A key asset...
Nexmetals Mining Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -2.16M | -2.07M | -1.58M | -744.78K | -96.54K | -5.00K |
| EBITDA | -49.50M | -50.00M | -37.73M | -29.58M | -15.80M | -3.00M |
| Net Income | -51.26M | -59.09M | -42.42M | -13.32M | -36.41M | -9.36M |
Balance Sheet | ||||||
| Total Assets | 70.73M | 98.52M | 24.95M | 37.97M | 41.66M | 5.24M |
| Cash, Cash Equivalents and Short-Term Investments | 16.96M | 39.78M | 6.11M | 19.25M | 5.16M | 1.99M |
| Total Debt | 1.72M | 1.99M | 19.23M | 19.03M | 9.97M | 0.00 |
| Total Liabilities | 8.99M | 15.57M | 28.40M | 28.23M | 14.47M | 9.56M |
| Stockholders Equity | 61.74M | 82.95M | -3.45M | 9.75M | 27.19M | 41.20M |
Cash Flow | ||||||
| Free Cash Flow | -49.07M | -50.37M | -38.62M | -33.20M | -35.18M | -4.57M |
| Operating Cash Flow | -46.98M | -47.58M | -37.60M | -10.80M | -5.52M | -1.47M |
| Investing Cash Flow | -36.53M | -37.23M | -1.02M | -22.29M | -18.61M | -3.10M |
| Financing Cash Flow | 75.57M | 119.68M | 25.35M | 48.71M | 28.77M | 6.48M |
Nexmetals Mining Technical Analysis
Negative
3.48
Price Trends
3.21
Negative
3.42
Negative
4.06
Negative
Market Momentum
<0.01
Positive
45.21
Neutral
21.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NEXM, the sentiment is Negative. The current price of 3.48 is above the 20-day moving average (MA) of 3.26, above the 50-day MA of 3.21, and below the 200-day MA of 4.06, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.21 is Neutral, neither overbought nor oversold. The STOCH value of 21.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NEXM.
Nexmetals Mining Risk Analysis
Nexmetals Mining disclosed 48 risk factors in its most recent earnings report. Nexmetals Mining reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
Nexmetals Mining Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | C$126.41M | 14.87 | 20.67% | ― | 176.97% | 1835.90% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | C$140.58M | -11.17 | -56.38% | ― | ― | -89.18% | |
48 Neutral | C$183.08M | -10.09 | -4.40% | ― | ― | -35.71% | |
46 Neutral | C$104.27M | -57.14 | -10.13% | ― | ― | 13.19% | |
45 Neutral | C$105.24M | -8.45 | 135.18% | ― | ― | 29.72% | |
43 Neutral | C$115.14M | -1.81 | -86.14% | ― | ― | 62.00% |
* General Sector Average
TSE:NEXM
Nexmetals Mining
3.15
-5.29
-62.68%
TSE:FL
Frontier Lithium
0.42
-0.07
-13.67%
TSE:GMX
Globex Mining Enterprises
2.25
0.77
52.03%
TSE:PGE
Group Ten Metals
0.41
0.13
44.88%
TSE:WM
Wallbridge Mng Co
0.12
0.02
15.00%
TSE:HAN
Hannan Metals Ltd
0.72
-0.10
-12.20%
Nexmetals Mining Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
NexMetals Boosts Selkirk Resource With New NI 43-101 Filing
Positive
Aug 7, 2026
NexMetals Mining has filed an NI 43-101 technical report for its updated 2026 mineral resource estimate at the Selkirk nickel-copper-PGE project in Botswana, confirming a substantial increase in defined resources. The report, prepared by The MSA G...
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.