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Nicola Mining
(NIM)
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Rating:46Neutral
Price Target:
C$0.72
▼(-11.73% 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
Meaningful Revenue Growth
Strong top-line expansion indicates improving commercial activity and customer demand. If the company can convert this growth into better utilization and pricing at its mill, it could provide a foundation for more durable operating leverage.
Negative Factors
Unsustainable Profitability
Negative gross profit shows that current revenue does not cover direct operating costs, while widening losses indicate limited margin sustainability. Continued underperformance could restrict reinvestment and require additional external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Meaningful Revenue Growth
Strong top-line expansion indicates improving commercial activity and customer demand. If the company can convert this growth into better utilization and pricing at its mill, it could provide a foundation for more durable operating leverage.
Read all positive factors
Nicola Mining (NIM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$179.03M
Dividend YieldN/A
Average Volume (3M)72.35K
Price to Earnings (P/E)―
Beta (1Y)0.59
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. Volume69,151
30 Day Avg. Volume72,354
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$1.50Price Target Upside85.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.08
Revenue Forecast (FY)C$8.27M
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...
How the Company Makes Money
Nicola Mining makes money through two primary avenues: (1) ore processing (milling) services and (2) mineral exploration/development upside (which may generate proceeds through asset sales, option/joint-venture arrangements, or future production i...
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 | 1.53M | -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
Positive
0.81
Price Trends
0.72
Positive
0.75
Positive
0.90
Negative
Market Momentum
0.02
Positive
56.91
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NIM, the sentiment is Positive. The current price of 0.81 is above the 20-day moving average (MA) of 0.77, above the 50-day MA of 0.72, and below the 200-day MA of 0.90, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 56.91 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$395.74M | -8.52 | -483.59% | ― | ― | -23.56% | |
48 Neutral | C$269.63M | 65.96 | 7.81% | ― | 108.81% | ― | |
47 Neutral | C$213.31M | -89.98 | -16.23% | ― | ― | -102.31% | |
46 Neutral | C$179.03M | -15.15 | -9999.00% | ― | 351.39% | -682.81% | |
43 Neutral | C$419.05M | -57.23 | -19.18% | ― | ― | -240.00% | |
43 Neutral | C$239.28M | -47.74 | -170.96% | ― | ― | -67.24% |
* General Sector Average
TSE:NIM
Nicola Mining
0.78
-0.04
-4.88%
TSE:BMM
Black Mammoth Metals
3.95
-0.05
-1.25%
TSE:PNPN
Power Metallic Mines Inc
1.52
0.11
7.80%
TSE:DBG
Doubleview Gold
1.78
1.16
187.10%
TSE:AGX
Silver X Mining
0.94
0.41
77.36%
TSE:MOLY
Greenland Resources Inc.
1.77
0.09
5.36%
Nicola Mining Corporate Events
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.