Northern Minerals Limited (AU:NTU)
ASX:NTU
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Northern Minerals Limited
(Sydney:NTU)
Select Model
Select Model
Rating:44Neutral
Price Target:
AU$0.02
▲(15.00% Upside)
Action:ReiteratedDate:11/19/25
Northern Minerals Limited is currently facing significant financial and operational challenges. The most impactful factor is the company's poor financial performance, characterized by declining revenues, high leverage, and negative profitability. Technical analysis also indicates bearish momentum, while valuation metrics show a lack of profitability. These factors collectively contribute to a low overall stock score.
Positive Factors
Heavy Rare-Earth Focus
Northern Minerals’ concentration on heavy rare earth elements (dysprosium, terbium) positions it in a structurally scarce segment of the supply chain. Owning HREE exposure supports long-term demand from magnet and advanced-technology markets, creating durable strategic value if commercialised.
Negative Factors
High Leverage
A debt-to-equity ratio of 9.35 indicates very high leverage that materially constrains financial flexibility. Heavy debt burdens raise refinancing and covenant risks, increase interest costs, and can force asset sales or dilutive equity raises, hampering long-term project delivery.
Read all positive and negative factors
Positive Factors
Negative Factors
Heavy Rare-Earth Focus
Northern Minerals’ concentration on heavy rare earth elements (dysprosium, terbium) positions it in a structurally scarce segment of the supply chain. Owning HREE exposure supports long-term demand from magnet and advanced-technology markets, creating durable strategic value if commercialised.
Read all positive factors
Northern Minerals Limited (NTU) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$229.06M
Dividend YieldN/A
Average Volume (3M)45.70M
Price to Earnings (P/E)―
Beta (1Y)2.09
Revenue GrowthN/A
EPS Growth32.73%
CountryAU
Employees36
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding9,548,508,000
10 Day Avg. Volume36,853,706
30 Day Avg. Volume45,695,743
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)134.05
Price to Sales (P/S)157.26
P/FCF Ratio-8.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.04Price Target Upside116.04% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Northern Minerals Limited Business Overview & Revenue Model
Company Description
Northern Minerals Limited engages in the exploration and evaluation of rare earth element mineral interests in Australia. The company explores for dysprosium and other heavy rare earths. Its flagship project is the 100% owned Browns Range Pilot Pl...
How the Company Makes Money
Northern Minerals’ business model is to generate earnings by developing and operating rare-earth mining and processing projects and selling rare-earth products to customers in global supply chains. In practice, the company’s potential revenue stre...
Northern Minerals Limited Financial Statement Overview
Summary
Income Statement
30
Negative
Balance Sheet
25
Negative
Cash Flow
35
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.44M | 1.44M | 4.47M | 6.54K | 3.90M | 0.00 |
| Gross Profit | 1.07M | 1.44M | 4.47M | -522.62K | 3.39M | -1.62M |
| EBITDA | -28.11M | -26.04M | -28.84M | -20.61M | -21.43M | -16.46M |
| Net Income | -28.38M | -27.37M | -31.59M | -22.29M | -24.36M | -8.53M |
Balance Sheet | ||||||
| Total Assets | 53.37M | 28.76M | 13.94M | 17.40M | 12.77M | 37.77M |
| Cash, Cash Equivalents and Short-Term Investments | 48.96M | 24.29M | 8.25M | 11.69M | 2.86M | 19.90M |
| Total Debt | 781.92K | 15.84M | 15.40M | 13.36M | 247.02K | 292.34K |
| Total Liabilities | 10.86M | 27.06M | 27.95M | 23.87M | 7.19M | 8.77M |
| Stockholders Equity | 42.51M | 1.69M | -14.01M | -6.47M | 5.58M | 29.00M |
Cash Flow | ||||||
| Free Cash Flow | -27.86M | -26.16M | -26.50M | -14.20M | -17.42M | -8.52M |
| Operating Cash Flow | -27.56M | -25.80M | -26.12M | -14.09M | -16.93M | -885.01K |
| Investing Cash Flow | -38.29M | -473.14K | -556.78K | 699.56K | -499.80K | -7.65M |
| Financing Cash Flow | 41.05M | 42.41M | 23.24M | 22.23M | 259.70K | 21.82M |
Northern Minerals Limited Technical Analysis
Negative
0.02
Price Trends
0.03
Negative
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Positive
37.70
Neutral
28.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NTU, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.70 is Neutral, neither overbought nor oversold. The STOCH value of 28.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NTU.
Northern Minerals Limited 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% | |
47 Neutral | AU$380.42M | -3.48 | -10.21% | ― | 2.00% | 8.82% | |
45 Neutral | AU$164.17M | -5.58 | -8.25% | ― | ― | -55.56% | |
45 Neutral | AU$244.21M | -8.28 | -20.47% | ― | ― | 7.28% | |
45 Neutral | AU$65.21M | -0.77 | -146.58% | ― | ― | 35.29% | |
44 Neutral | AU$229.06M | -4.10 | -377.15% | ― | ― | 32.73% |
* Basic Materials Sector Average
AU:NTU
Northern Minerals Limited
0.02
<0.01
14.29%
AU:AGE
Alligator Energy Ltd
0.04
<0.01
8.82%
AU:ASM
Australian Strategic Materials Ltd
1.40
1.04
288.89%
AU:PSC
Prospect Resources Ltd.
0.30
0.17
130.77%
AU:ESR
Estrella Resources Limited
0.03
<0.01
3.57%
Northern Minerals Limited Corporate Events
Northern Minerals Deepens Half-Year Loss as Browns Range Investment Accelerates
Mar 15, 2026
Northern Minerals reported a net loss of $16.0 million for the half year to 31 December 2025, broadly in line with the prior corresponding period, as it continued to invest heavily in progressing its Browns Range rare earths project. Total revenue...
Northern Minerals Overhauls Finance and Governance Team Ahead of Browns Range Milestones
Mar 8, 2026
Northern Minerals has strengthened its executive ranks as it advances its Browns Range Heavy Rare Earths Project toward a final investment decision later this year, appointing experienced mining and energy finance executive David Collins as Chief ...
Northern Minerals Wins AGM Deferral as Requisitioned EGM Is Withdrawn
Mar 2, 2026
Northern Minerals has secured court orders allowing it to defer its 2025 annual general meeting until 30 June 2026, while a shareholder‑requisitioned extraordinary general meeting has been withdrawn, removing the requirement to convene that ...
Northern Minerals Faces Court Delay on AGM and EGM Deferral Plans
Feb 10, 2026
Northern Minerals has updated the market on court proceedings related to its 2025 annual general meeting and an extraordinary general meeting requisitioned by shareholder Vastness Investment Group. The company had sought court orders to align the ...
Northern Minerals Seeks Court Orders to Align EGM With Deferred AGM
Feb 6, 2026
Northern Minerals has initiated further legal proceedings in the Supreme Court of New South Wales seeking orders to align an extraordinary general meeting, requisitioned by shareholder Vastness Investment Group to vote on the removal of executive ...
Northern Minerals’ FIRB Referral Leads to $14m Court Penalty Over Share Disposal Breaches
Feb 3, 2026
Northern Minerals Limited has highlighted a Federal Court of Australia decision ordering a total of $14 million in penalties against Indian Ocean International Shipping and Service Company Ltd and its sole director, Ms Jing Tian, for breaching ord...
Northern Minerals Bolsters Cash Reserves with Major Equity Raise Despite Ongoing Operating Outflows
Jan 30, 2026
Northern Minerals Limited reported a significant operating cash outflow of A$10.0 million for the December 2025 quarter, driven by exploration and evaluation spending, site maintenance and environment-related costs, staff expenses, and administrat...
Northern Minerals Secures Funding Momentum and Exploration Success as Browns Range Nears Key Milestones
Jan 30, 2026
Northern Minerals advanced its Browns Range Heavy Rare Earths Project during the December 2025 quarter, maintaining a spotless safety record while completing heritage surveys to clear the way for construction and further exploration. The company s...
Northern Minerals Uncovers New Vulcan Prospect and Advances Browns Range Rare Earths Targeting
Jan 28, 2026
Northern Minerals has reported positive exploration results from four field programs completed in the first half of FY26 across the broader Browns Range project, including three drilling campaigns totaling 50 holes and an Ultrafine fraction soil g...
Northern Minerals Faces Board Challenge as Major Shareholder Seeks Director’s Removal
Jan 28, 2026
Northern Minerals has received formal notices from substantial shareholder Vastness Investment Group, which holds more than 5% of the company, requesting a general meeting to vote on a resolution to remove director Adam Handley from the board. The...
Northern Minerals Reports Positive Blending Results for Dazzler and Wolverine Ores at Browns Range
Jan 15, 2026
Northern Minerals has reported positive preliminary metallurgical results from a blending study of ore from its high-grade Dazzler deposit with material from the main Wolverine deposit at the Browns Range Heavy Rare Earths Project. Laboratory test...
Northern Minerals Announces Expiry of NTUAD Option
Jan 8, 2026
Northern Minerals Limited has announced the cessation of a class of options, with one NTUAD option expiring unexercised on 31 December 2025. The expiry marginally simplifies the company’s capital structure by removing an out-of-the-money or ...
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.