Eurasia Mining (EUA) AI Stock Analysis

• Market Cap: £118.06M
• Dividend Yield: N/A
• Average Volume (3M): 9.05M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.33
• Revenue Growth: 220.69%
• EPS Growth: -400.00%
• Country: UK
• Employees: 77
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): N/A
• Shares Outstanding: 2,951,415,000
• 10 Day Avg. Volume: 11,097,013
• 30 Day Avg. Volume: 9,049,754
• PEG Ratio: -0.46
• Price to Book (P/B): 3.58
• Price to Sales (P/S): 9.63
• P/FCF Ratio: 28.99
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -0.02
• Revenue Forecast (FY): £151.73M

• Rating: 41 Neutral
• Price Target: 3.50p ▼(-9.09% Downside)

The score is primarily constrained by weak financial performance, especially persistent negative profitability and inconsistent free cash flow despite improved revenue and low leverage. Technicals add downside pressure as the share price is below key moving averages and MACD is negative. Valuation is also a headwind given the negative P/E and lack of dividend yield data.

Positive Factors

Accelerating Revenue Growth

A large sequential revenue increase indicates successful project development or higher production, supporting longer-term operational scaling. Sustained top-line expansion over multiple quarters can fund capital projects, improve bargaining power with buyers, and validate project economics absent short-term price commentary.

Low Leverage / Strong Equity Ratio

A low debt burden and favorable equity ratio provide financial flexibility in a capital-intensive mining business, reducing refinancing risk and enabling the company to pursue development or exploration without immediate reliance on costly external debt, strengthening medium-term resilience.

Strategic Commodity Exposure (PGMs, Nickel, Copper)

Concentrated exposure to PGMs and base metals aligns with structural demand drivers (automotive emissions controls, electronics and industrial uses). Ownership of PGM- and base-metal projects positions the company to capture long-term secular demand, supporting durable revenue potential if projects are executed.

Negative Factors

Persistent Negative Profitability

Chronic negative margins show the company is not converting revenue into sustainable profits, implying structural operational inefficiencies or insufficient scale. Over months, this undermines retained earnings, limits reinvestment capacity, and increases dependence on external funding to support development.

Inconsistent Free Cash Flow

Irregular free cash flow complicates funding for ongoing capex and exploration in a capital-intensive sector. Persistent FCF volatility raises the odds of dilution or borrowing to finance projects, delays development timelines, and makes long-term project planning and contractor commitments riskier.

Declining Assets and Equity

A shrinking asset and equity base can erode the company’s financial runway and credit capacity, constraining its ability to finance mine development or respond to setbacks. Over a multi-month horizon, this trend can materially raise execution risk for flagship projects and limit strategic optionality.

Eurasia Mining Business Overview & Revenue Model

Company Description

Eurasia Mining Plc, a mining and mineral exploration company, engages in the exploration, development, and production of palladium, platinum, rhodium, iridium, copper, nickel, gold, and other minerals in Russia. Its principal projects are the West Kytlim mine located in the Central Urals; and the Monchetundra project situated on the Kola Peninsula. The company also holds interest in the Nittis-Kumuzhya-Travyanaya project in Russia. Eurasia Mining Plc was incorporated in 1995 and is headquartered in London, the United Kingdom.

How the Company Makes Money

Eurasia Mining generates revenue primarily through the extraction and sale of platinum group metals, nickel, and copper from its mining operations. The company's revenue model is centered on obtaining mining licenses and extracting valuable minerals from its properties, which are then sold in global markets. Key revenue streams include the production of PGMs, which are in high demand due to their applications in catalytic converters and other industrial uses. Additionally, Eurasia may benefit from strategic partnerships with local and international firms, enhancing its operational capabilities and market access. The price fluctuations of metals, operational efficiency, and successful project development are critical factors influencing the company's earnings.

Eurasia Mining Financial Statement Overview

Summary

Revenue improved notably from 2023 to 2024, but profitability remains weak with negative gross, EBIT/EBITDA, and net margins. The balance sheet shows low leverage and a favorable equity ratio, yet declining assets and equity raise sustainability concerns. Cash generation is mixed: operating cash flow has been positive recently, but free cash flow is inconsistent and cash flow quality versus earnings is concerning.

Income Statement

Eurasia Mining has shown a volatile revenue trajectory, with significant revenue growth from 2023 to 2024. However, the company struggles with negative profitability margins, as seen in its negative gross and net profit margins. The persistent negative EBIT and EBITDA margins highlight ongoing operational challenges.

Balance Sheet

The balance sheet reflects a stable equity base with a low debt-to-equity ratio, indicating limited leverage risks. However, the declining stockholders' equity and total assets over the years suggest potential long-term sustainability concerns. Additionally, the equity ratio remains favorable, indicating a strong asset base relative to liabilities.

Cash Flow

While Eurasia Mining reported positive operating cash flows in recent years, the free cash flow has been inconsistent, with significant fluctuations. The company’s ability to convert operating cash flow into positive net income is concerning, as reflected in low cash flow ratios.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.64M	6.64M	2.07M	119.53K	2.33M	937.96K
Gross Profit	-200.32K	-65.13K	-668.10K	-934.11K	-253.00K	-194.00K
EBITDA	-9.08M	-8.13M	-5.46M	-6.12M	-2.61M	-3.39M
Net Income	-1.44M	-6.55M	-5.49M	-5.84M	-2.91M	-3.08M
Balance Sheet
Total Assets	20.27M	15.37M	19.12M	25.33M	31.19M	10.73M
Cash, Cash Equivalents and Short-Term Investments	2.30M	3.71M	1.38M	1.01M	22.01M	5.40M
Total Debt	850.75K	288.81K	208.16K	348.27K	461.50K	558.61K
Total Liabilities	2.29M	2.80M	1.47M	2.92M	1.15M	898.24K
Stockholders Equity	22.55M	17.83M	21.72M	25.81M	32.00M	11.59M
Cash Flow
Free Cash Flow	-1.71M	2.20M	-1.73M	-15.24M	-6.07M	-2.80M
Operating Cash Flow	96.93K	3.95M	1.79M	-6.81M	-3.47M	-2.10M
Investing Cash Flow	-2.16M	-1.72M	-842.30K	-12.96M	-2.96M	-696.28K
Financing Cash Flow	2.89M	394.17K	-76.58K	-268.21K	23.17M	7.34M

Eurasia Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.85
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:EUA, the sentiment is Positive. The current price of 3.85 is above the 20-day moving average (MA) of 3.69, below the 50-day MA of 4.20, and below the 200-day MA of 4.06, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 51.92 is Neutral, neither overbought nor oversold. The STOCH value of 44.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:EUA.

Eurasia Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FRES	73 Outperform	$27.28B	77.51	11.97%	2.05%	34.84%	78.48%
SLP	63 Neutral	£284.85M	18.34	7.47%	2.58%	24.10%	182.94%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GMET	56 Neutral	£296.96M	-104.14	-18.58%	―	―	―
EEE	50 Neutral	£258.77M	-52.00	-43.48%	―	―	―
EUA	41 Neutral	£118.06M	-80.00	-6.61%	―	220.69%	-400.00%

Eurasia Mining Corporate Events

Eurasia Mining Wins Shareholder Backing as All General Meeting Resolutions Pass

Eurasia Mining plc has announced that all resolutions put to shareholders at its General Meeting on 15 January 2026 were duly passed, with approximately 44% of the issued share capital voting. The approval of these resolutions, each attracting around three-quarters of votes cast in favour despite a sizable minority voting against, provides the company’s board with the mandated authority to proceed with its proposed corporate actions, signalling continued but not unanimous shareholder support and setting the framework for Eurasia’s next phase of strategic and operational decisions.

The most recent analyst rating on (GB:EUA) stock is a Sell with a £3.00 price target. To see the full list of analyst forecasts on Eurasia Mining stock, see the GB:EUA Stock Forecast page.

Eurasia Mining Publishes Investor Q&A as It Refocuses on Kola Projects

Eurasia Mining has published a consolidated Q&A document and replay link from its 30 December 2025 investor webinar, in which Chairman Christian Schaffalitzky gave a general corporate update and discussed the proposed sale of the company’s shares in the West Kytlim mine to refocus on its Kola projects in the Arctic. The Q&A, created from more than 200 largely overlapping questions submitted by nearly 500 registrants, is available on the company’s website and comes ahead of a general meeting scheduled for 15 January, underlining the company’s efforts to improve investor communication around its strategic shift in asset focus.

The most recent analyst rating on (GB:EUA) stock is a Sell with a £3.50 price target. To see the full list of analyst forecasts on Eurasia Mining stock, see the GB:EUA Stock Forecast page.

Eurasia Mining Moves to Sell West Kytlim as It Pivots to Arctic Assets

Eurasia Mining has agreed terms for the sale of its West Kytlim alluvial platinum group metals and gold operations, valuing the asset at about US$251 million but yielding only around US$9 million in cash after Russia’s current tax regime and other local regulations. The board argues that divesting this historically loss-making, non-core mine—exposed to heightened nationalisation and tax risks and representing just 0.3% of group reserves—will free non-dilutive capital and management focus for its Arctic portfolio, which holds 99.7% of its reserves, including the Tier 1 NKT nickel-copper deposit and the Monchetundra project. The transaction, which requires shareholder approval at a 15 January 2026 general meeting, is framed as a portfolio-optimisation move expected to reinforce Eurasia’s strategic pivot toward its larger, higher-value Arctic assets, which enjoy preferential tax treatment and state-backed investment support.

The most recent analyst rating on (GB:EUA) stock is a Hold with a £4.50 price target. To see the full list of analyst forecasts on Eurasia Mining stock, see the GB:EUA Stock Forecast page.

Eurasia Mining Completes Detailed Design for Arctic Project

Eurasia Mining PLC has completed the detailed design for its Monchentudra (MT) project, a significant step towards developing its open-pit Copper-Nickel-PGM-Gold asset in the Arctic. This completion, overseen by experienced contractors, positions Eurasia to commence construction upon state approval, leveraging existing infrastructure and a strategic contract with Sinosteel. This advancement enhances Eurasia’s competitive edge in the Arctic, a region of growing global economic importance.

The most recent analyst rating on (GB:EUA) stock is a Hold with a £5.50 price target. To see the full list of analyst forecasts on Eurasia Mining stock, see the GB:EUA Stock Forecast page.