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Nicola Mining
(NIM)
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Rating:46Neutral
Price Target:
C$0.61
▼(-24.94% Downside)
Action:Reiterated
Date:08/17/26
The score is held down primarily by weak financial performance—negative gross profit, sizable operating/net losses, and ongoing cash burn—despite improving revenue and a less-leveraged balance sheet. Technicals provide some offset with modestly positive short-term momentum, while valuation is unattractive/unclear due to negative earnings and no dividend data.
Positive Factors
Revenue Growth
Meaningful TTM revenue growth indicates improved commercial traction across the company’s activities. If sustained, a larger revenue base could support better operating leverage and provide a foundation for advancing mineral properties and processing initiatives over the next several quarters.
Negative Factors
Negative Profitability
Negative gross profit shows that current revenue does not cover the direct cost base, while deep operating and net losses indicate broader expenses remain unsustainable. Without a durable margin improvement, revenue growth alone is unlikely to translate into reliable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Meaningful TTM revenue growth indicates improved commercial traction across the company’s activities. If sustained, a larger revenue base could support better operating leverage and provide a foundation for advancing mineral properties and processing initiatives over the next several quarters.
Read all positive factors
Nicola Mining (NIM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$142.31M
Dividend YieldN/A
Average Volume (3M)58.06K
Price to Earnings (P/E)―
Beta (1Y)1.01
Revenue Growth351.39%
EPS Growth-682.81%
CountryCA
Employees25
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.05
Shares Outstanding229,525,710
10 Day Avg. Volume56,251
30 Day Avg. Volume58,062
Financial Highlights & Ratios
PEG Ratio5.71
Price to Book (P/B)-53.76
Price to Sales (P/S)117.31
P/FCF Ratio-31.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$1.60Price Target Upside97.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.33
Revenue Forecast (FY)C$5.04M
Nicola Mining Business Overview & Revenue Model
Company Description
Nicola Mining Inc. functions as a junior enterprise specializing in mineral exploration and offering custom milling solutions. The company's core business involves identifying, acquiring, and evaluating potential mineral deposits throughout Canada...
Nicola Mining Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
52
Neutral
Cash Flow
19
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.05M | 1.54M | 818.16K | 1.62M | 0.00 | 0.00 |
| Gross Profit | -6.53M | -1.53M | -3.78M | -1.52M | -975.00K | -1.48M |
| EBITDA | -9.67M | -4.77M | -4.40M | -1.75M | 1.45M | -1.77M |
| Net Income | -10.23M | -5.52M | -5.23M | -3.33M | -52.83K | -3.40M |
Balance Sheet | ||||||
| Total Assets | 22.73M | 14.55M | 10.66M | 25.72M | 18.58M | 12.36M |
| Cash, Cash Equivalents and Short-Term Investments | 11.46M | 5.95M | 2.54M | 4.76M | 895.77K | 916.29K |
| Total Debt | 402.95K | 931.01K | 4.54M | 4.25M | 5.73M | 7.04M |
| Total Liabilities | 15.95M | 17.90M | 20.47M | 19.44M | 16.51M | 11.52M |
| Stockholders Equity | 6.78M | -3.35M | -9.81M | 6.28M | 2.08M | 841.42K |
Cash Flow | ||||||
| Free Cash Flow | -10.74M | -5.75M | -3.76M | 3.82M | 1.67M | -2.74M |
| Operating Cash Flow | -9.17M | -5.57M | -3.31M | 3.87M | 1.73M | -2.22M |
| Investing Cash Flow | 1.55M | 521.44K | -1.59M | -88.70K | -75.65K | -336.87K |
| Financing Cash Flow | 16.98M | 5.28M | 1.60M | 78.24K | -1.68M | 2.65M |
Nicola Mining Technical Analysis
Negative
0.81
Price Trends
0.69
Negative
0.70
Negative
0.84
Negative
Market Momentum
-0.03
Negative
44.06
Neutral
37.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NIM, the sentiment is Negative. The current price of 0.81 is above the 20-day moving average (MA) of 0.62, above the 50-day MA of 0.69, and below the 200-day MA of 0.84, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 44.06 is Neutral, neither overbought nor oversold. The STOCH value of 37.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NIM.
Nicola Mining Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | C$227.40M | -95.90 | -16.23% | ― | ― | -102.31% | |
48 Neutral | C$192.18M | 46.53 | 7.81% | ― | 108.81% | ― | |
46 Neutral | C$142.31M | -12.04 | -9999.00% | ― | 351.39% | -682.81% | |
43 Neutral | C$329.59M | -45.02 | -19.18% | ― | ― | -240.00% | |
43 Neutral | C$186.56M | -47.74 | -170.96% | ― | ― | -67.24% | |
41 Neutral | C$234.45M | -5.05 | -483.59% | ― | ― | -23.56% |
* General Sector Average
TSE:NIM
Nicola Mining
0.62
-0.37
-37.37%
TSE:BMM
Black Mammoth Metals
4.21
-0.02
-0.47%
TSE:PNPN
Power Metallic Mines Inc
0.90
-0.31
-25.62%
TSE:DBG
Doubleview Gold
1.40
0.56
66.67%
TSE:AGX
Silver X Mining
0.67
0.14
26.42%
TSE:MOLY
Greenland Resources Inc.
1.38
-0.30
-17.86%
Nicola Mining Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Nicola Mining Advances Merritt Mill Operations and Precious Metals Feed Pipeline
Positive
Oct 23, 2026
Nicola Mining provided an operational update highlighting progress at its Merritt Mill and across several precious metals initiatives in British Columbia. The company has completed processing stockpiled material from Red Eye Resources, with revenu...
Business Operations and Strategy
Nicola Mining Extends LNSS Agreement and Completes First Drilling at Treasure Mountain
Positive
Oct 8, 2026
Nicola Mining has extended its rock and gravel extraction and preferential engagement agreement with Lower Nicola Site Services at the Craigmont Mine Site until March 2033, preserving royalty revenues and long-term collaboration with its Indigenou...
Business Operations and Strategy
Nicola Mining Strikes Profit-Sharing Milling Deal with Red Eye Resources
Positive
Aug 17, 2026
Nicola Mining Inc. has entered into a Mining and Milling Profit Share Agreement with privately held Red Eye Resources, allowing Red Eye to transport qualifying precious metal mineralized material to Nicola’s Merritt Mill for processing. The ...
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.