Northern Minerals Limited (AU:NTU)
ASX:NTU
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Northern Minerals Limited
(Sydney:NTU)
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Rating:45Neutral
Price Target:
AU$0.03
▲(55.00% Upside)
Action:Reiterated
Date:05/22/26
The score is held down primarily by weak financial performance (steep revenue decline, ongoing losses, and very high leverage) and limited valuation support due to negative earnings. Technical indicators are comparatively neutral, providing only modest offset to the fundamental risks.
Positive Factors
Strategic Asset / Market Position
Northern Minerals owns the Browns Range heavy rare earth project—a focused, jurisdictionally-stable asset tied to heavy rare earths used in advanced technologies and clean energy supply chains. That single-asset focus aligns the company with durable structural demand for critical minerals, supporting long-term strategic relevance if the project progresses to production.
Negative Factors
Very High Leverage
A debt-to-equity ratio of 9.35 denotes extreme reliance on debt financing, substantially increasing interest expense burden and refinancing risk. For a development-stage miner, high leverage constrains financial flexibility, raises default and covenant risks, and limits the company’s ability to fund capex or absorb commodity and operational volatility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic Asset / Market Position
Northern Minerals owns the Browns Range heavy rare earth project—a focused, jurisdictionally-stable asset tied to heavy rare earths used in advanced technologies and clean energy supply chains. That single-asset focus aligns the company with durable structural demand for critical minerals, supporting long-term strategic relevance if the project progresses to production.
Read all positive factors
Northern Minerals Limited (NTU) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$276.78M
Dividend YieldN/A
Average Volume (3M)45.70M
Price to Earnings (P/E)―
Beta (1Y)2.00
Revenue GrowthN/A
EPS Growth36.54%
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$0.05Price Target Upside150.00% 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
null...
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
Neutral
0.02
Price Trends
0.03
Positive
0.03
Positive
0.03
Negative
Market Momentum
<0.01
Negative
55.09
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NTU, the sentiment is Neutral. 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 neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.09 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 Neutral 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% | |
48 Neutral | AU$212.02M | -35.41 | -14.67% | ― | ― | 22.86% | |
47 Neutral | AU$381.78M | -14.28 | -10.21% | ― | 294.23% | 37.64% | |
47 Neutral | AU$26.83M | -5.12 | -19.53% | ― | ― | -8.74% | |
45 Neutral | AU$276.78M | -8.93 | -128.41% | ― | ― | 36.54% | |
45 Neutral | AU$93.36M | -1.51 | -67.75% | ― | ― | 69.69% | |
43 Neutral | AU$28.51M | -4.42 | -5.94% | ― | -99.74% | -22.67% |
* Basic Materials Sector Average
AU:NTU
Northern Minerals Limited
0.03
>-0.01
-14.71%
AU:ARR
American Rare Earths
0.37
0.09
32.73%
AU:ASM
Australian Strategic Materials Ltd
1.41
0.76
117.83%
AU:HAS
Hastings Technology Metals Limited
0.41
0.12
42.36%
AU:VML
Vital Metals Ltd
0.12
0.06
91.67%
AU:AR3
Australian Rare Earths Limited
0.11
0.05
84.21%
Northern Minerals Limited Corporate Events
Northern Minerals Lifts Browns Range Resources and Pushes Toward Delayed Final Investment Decision
Apr 30, 2026
Northern Minerals reported a strong safety performance for the March quarter, maintaining a zero Total Recordable Injury Frequency Rate and no lost time injuries while progressing pre-development work at its Browns Range Heavy Rare Earths Project....
Northern Minerals boosts high-grade Dazzler rare earths resource at Browns Range
Apr 29, 2026
Northern Minerals has reported a major upgrade to the Mineral Resource Estimate for the Dazzler deposit at its Browns Range Heavy Rare Earths Project in Western Australia, boosting confidence in this high-grade heavy rare earths asset. Dazzler, th...
Treasurer Blocks Voting and Transfer of Northern Minerals Stake Under FIRB Probe
Apr 1, 2026
Northern Minerals has disclosed that the Australian Treasurer has issued interim directions restricting the transfer and voting rights of 361,538,264 of its shares now held by Hong Kong Ying Tak Limited. These shares were originally owned by Black...
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 ...
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.