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Nexmetals Mining
(NEXM)
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Rating:41Neutral
Price Target:
C$2.00
▼(-42.53% Downside)
Action:Reiterated
Date:10/16/26
The score is weighed down primarily by weak financial performance (pre-revenue, sustained losses and significant negative free cash flow implying continued financing risk) and very bearish technicals (below all key moving averages with negative MACD and deeply oversold momentum). Low leverage offers some balance-sheet support, but valuation is not compelling given the negative P/E and lack of dividend yield data.
Positive Factors
Low Leverage
Very low leverage limits near-term balance-sheet pressure relative to many early-stage miners. This gives Nexmetals more financial flexibility while projects are developed, although continued losses and cash burn still create funding needs.
Negative Factors
Pre-Revenue Business
The absence of revenue means Nexmetals has not yet demonstrated commercial production or recurring sales. Future value therefore depends heavily on successful project execution and eventual conversion of exploration activity into operating revenue.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage limits near-term balance-sheet pressure relative to many early-stage miners. This gives Nexmetals more financial flexibility while projects are developed, although continued losses and cash burn still create funding needs.
Read all positive factors
Nexmetals Mining (NEXM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$65.24M
Dividend YieldN/A
Average Volume (3M)73.66K
Price to Earnings (P/E)―
Beta (1Y)1.67
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. Volume92,719
30 Day Avg. Volume73,658
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 | -15.75M | -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
2.78
Negative
3.00
Negative
3.59
Negative
Market Momentum
-0.25
Negative
30.64
Neutral
30.25
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 2.20, above the 50-day MA of 2.78, and below the 200-day MA of 3.59, indicating a bearish trend. The MACD of -0.25 indicates Negative momentum. The RSI at 30.64 is Neutral, neither overbought nor oversold. The STOCH value of 30.25 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 0 New Risks
Nexmetals Mining Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | C$113.88M | 13.22 | 20.67% | ― | 176.97% | 1835.90% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | C$72.75M | -47.62 | -7.10% | ― | ― | 46.39% | |
45 Neutral | C$95.22M | -7.60 | 135.18% | ― | ― | 29.72% | |
45 Neutral | C$90.59M | -7.90 | -56.38% | ― | ― | -89.18% | |
41 Neutral | C$65.24M | -1.05 | -86.14% | ― | ― | 62.00% |
* General Sector Average
TSE:NEXM
Nexmetals Mining
1.83
-3.73
-67.09%
TSE:FL
Frontier Lithium
0.38
-0.36
-48.65%
TSE:GMX
Globex Mining Enterprises
2.00
0.26
14.94%
TSE:PGE
Group Ten Metals
0.29
-0.06
-17.85%
TSE:HAN
Hannan Metals Ltd
0.50
-0.37
-42.53%
Nexmetals Mining Corporate Events
Business Operations and Strategy
NexMetals Extends High-Grade Copper-Nickel Trend at Selebi Main in Botswana
Positive
Sep 23, 2026
NexMetals Mining reported new high-grade drill results from its Selebi Main deposit in Botswana, including 7.55 metres grading 6.48% CuEq from hole SMD-26-219, confirming a thick massive sulphide intersection along a high-grade trend now traced ov...
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.