Want to see TSE:NICU full AI Analyst Report?
Top Page
Magna Mining
(TSX:NICU)
Select Model
Select Model
Rating:50Neutral
Price Target:
C$2.00
▼(-29.08% Downside)
Action:Reiterated
Date:09/23/26
The score is held down primarily by weak financial performance (negative gross profit, large losses, and significant cash burn) despite modest leverage. Technicals provide a partial offset with price trading above key moving averages and neutral-to-positive momentum, while valuation is constrained by negative earnings and no dividend yield data.
Positive Factors
Revenue Growth
The recent revenue ramp indicates the company is beginning to achieve greater operating scale after minimal or zero revenue in 2023–2024. If sustained, expanding activity can improve asset advancement economics and provide a broader base for future margin development, although profitability remains unproven.
Negative Factors
Sustained Cash Burn
Sustained operating and free-cash-flow deficits mean the business is consuming cash rather than funding exploration and development internally. If this pattern continues, Magna may need repeated external funding to maintain programs and advance properties, increasing dependence on capital-market access.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The recent revenue ramp indicates the company is beginning to achieve greater operating scale after minimal or zero revenue in 2023–2024. If sustained, expanding activity can improve asset advancement economics and provide a broader base for future margin development, although profitability remains unproven.
Read all positive factors
Magna Mining (NICU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$638.97M
Dividend YieldN/A
Average Volume (3M)518.67K
Price to Earnings (P/E)―
Beta (1Y)2.23
Revenue Growth299.49%
EPS Growth-530.99%
CountryCA
Employees239
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.24
Shares Outstanding313,221,220
10 Day Avg. Volume550,419
30 Day Avg. Volume518,667
Financial Highlights & Ratios
PEG Ratio2.31
Price to Book (P/B)6.23
Price to Sales (P/S)9.46
P/FCF Ratio-14.33
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)-0.07
Revenue Forecast (FY)C$120.48M
Magna Mining Business Overview & Revenue Model
Company Description
Magna Mining, Inc. engages in the acquisition, exploration, and development of mineral properties. Its portfolio includes copper, nickel, and precious metal assets. The company was founded by Jason Jessup in 2016 and is headquartered in Sudbury, C...
How the Company Makes Money
Magna Mining’s business model is typical of an exploration-and-development stage mining company: it seeks to create value by acquiring mineral rights, conducting exploration (e.g., geological work, sampling, and drilling), completing technical and...
Magna Mining Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 64.97M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -2.08M | -106.21K | -504.18K | -19.85M | -15.82K |
| EBITDA | -7.63M | -15.99M | -12.60M | -21.85M | -6.73M |
| Net Income | -16.98M | -16.27M | -9.86M | -22.00M | -6.76M |
Balance Sheet | |||||
| Total Assets | 193.92M | 39.57M | 12.77M | 7.70M | 6.99M |
| Cash, Cash Equivalents and Short-Term Investments | 55.90M | 17.58M | 10.93M | 6.18M | 5.68M |
| Total Debt | 15.90M | 46.06K | 42.05K | 60.87K | 78.17K |
| Total Liabilities | 95.25M | 4.53M | 5.43M | 5.07M | 2.24M |
| Stockholders Equity | 98.67M | 35.04M | 7.33M | 2.62M | 4.75M |
Cash Flow | |||||
| Free Cash Flow | -42.90M | -17.83M | -10.62M | -18.48M | -5.81M |
| Operating Cash Flow | -35.10M | -17.81M | -10.58M | -18.17M | -5.77M |
| Investing Cash Flow | -12.21M | -186.54K | -74.55K | -307.01K | 320.00K |
| Financing Cash Flow | 85.67M | 24.64M | 15.37M | 18.97M | 9.61M |
Magna Mining Technical Analysis
Negative
2.82
Price Trends
2.51
Negative
2.40
Negative
2.54
Negative
Market Momentum
-0.14
Positive
37.08
Neutral
49.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NICU, the sentiment is Negative. The current price of 2.82 is above the 20-day moving average (MA) of 2.24, above the 50-day MA of 2.51, and above the 200-day MA of 2.54, indicating a bearish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 37.08 is Neutral, neither overbought nor oversold. The STOCH value of 49.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NICU.
Magna Mining 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% | |
50 Neutral | C$638.97M | -9.06 | -54.38% | ― | 299.49% | -530.99% | |
46 Neutral | C$480.66M | -46.76 | -4.79% | ― | ― | -644.00% | |
45 Neutral | C$542.82M | -83.92 | -2.57% | ― | ― | -60.67% | |
44 Neutral | C$833.86M | -9.84 | -75.28% | ― | ― | -55.75% | |
44 Neutral | C$630.03M | -43.68 | -5.71% | ― | ― | 11.14% | |
42 Neutral | C$1.02B | -38.08 | -27.24% | ― | ― | -97.05% |
* Basic Materials Sector Average
TSE:NICU
Magna Mining
1.92
-0.77
-28.62%
TSE:WRN
Western Copper
2.21
-0.73
-24.83%
TSE:FVL
Freegold Ventures
0.79
-0.43
-35.25%
TSE:NCX
NorthIsle Copper and Gold
2.80
0.92
48.94%
TSE:TLG
Troilus Gold Corp
1.43
-0.01
-0.69%
TSE:ARA
Aclara Resources, Inc.
2.34
-0.84
-26.42%
Magna Mining Corporate Events
Business Operations and StrategyFinancial Disclosures
Magna Mining Greenlights 2027 Construction at Crean Hill After Robust Pre-Feasibility Study
Positive
Oct 21, 2026
Magna Mining has released a pre-feasibility study for its 100% owned Crean Hill project, outlining a 12-year underground mine life with 11.4 million tons of probable reserves and an average mining rate of about 2,400 tons per day. The study foreca...
Business Operations and StrategyFinancial Disclosures
Magna Mining clears restart of Levack mine after strong economic study
Positive
Oct 8, 2026
Magna Mining has released a preliminary economic assessment for restarting its fully permitted Levack underground mine in Ontario, outlining plans to mine 5.75 million short tons over 7.3 years, with average annual payable copper-equivalent produc...
Business Operations and StrategyPrivate Placements and Financing
Magna Mining Secures C$140 Million Strategic Investment from Alpayana
Positive
Aug 31, 2026
Magna Mining has closed a C$140 million non-brokered strategic private placement with Alpayana S.A.C., which acquired 62,356,682 shares at C$2.25 each to take a 19.9% stake in the company. The proceeds will support advancement of Magna’s Sud...
Business Operations and StrategyExecutive/Board ChangesDelistings and Listing ChangesFinancial DisclosuresPrivate Placements and Financing
Magna Mining Delivers Record Q2 Output, Secures Major Strategic Investment
Positive
Aug 12, 2026
Magna Mining reported a landmark second quarter of 2026, delivering record production from the 700 Footwall Copper Zone at its McCreedy West mine and generating strong financial results, including an $8.9 million cash margin and $5.1 million in fr...
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.