Namib Minerals (NAMM)
NASDAQ:NAMM
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Namib Minerals
(NASDAQ:NAMM)
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Rating:50Neutral
Price Target:
$2.00
▼(-5.66% Downside)
Action:Reiterated
Date:06/05/26
The score is primarily constrained by weak financial quality (persistent negative equity) and volatile 2025 reported results alongside a sharp free-cash-flow step-down. Technicals are only mildly supportive, and valuation is penalized by a negative P/E with no dividend support. Earnings call guidance is constructive but tempered by high sensitivity to gold-price assumptions and significant funding/execution requirements.
Positive Factors
Cash generation & leverage
Consistent positive operating cash flow through 2022–2025 and manageable net debt provide a durable internal funding base. Sustained cash generation supports ongoing operations and staged project work, improving resilience and reducing immediate refinancing pressure.
Negative Factors
Negative shareholders' equity
Persistent negative equity (2022–2025) and the reported shareholders' deficit reflect structural balance‑sheet strain. This condition reduces financial flexibility, complicates financing alternatives, and impairs conventional return metrics, raising medium‑term capital structure risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation & leverage
Consistent positive operating cash flow through 2022–2025 and manageable net debt provide a durable internal funding base. Sustained cash generation supports ongoing operations and staged project work, improving resilience and reducing immediate refinancing pressure.
Read all positive factors
Namib Minerals (NAMM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$100.79M
Dividend YieldN/A
Average Volume (3M)1.12M
Price to Earnings (P/E)―
Beta (1Y)-0.35
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees1,394
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding54,482,660
10 Day Avg. Volume2,989,078
30 Day Avg. Volume1,121,363
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-1.33
Price to Sales (P/S)0.63
P/FCF Ratio36.33
Enterprise Value/Market Cap1.01
Enterprise Value/Revenue-18.42
Enterprise Value/Gross Profit-21.63
Enterprise Value/Ebitda-6.85
Forecast
1Y Price Target
$9.50Price Target Upside348.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Namib Minerals Business Overview & Revenue Model
Company Description
Namib Minerals is actively involved in the mining, development, and prospecting of gold and other crucial green metals. The firm currently runs an underground mining operation within Zimbabwe, complemented by further exploration holdings situated ...
Namib Minerals Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
34
Negative
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -5.53M | 82.59M | 85.88M | 65.06M | 47.66M | 0.00 |
| Gross Profit | -4.71M | 34.23M | 38.79M | 22.46M | 10.72M | 0.00 |
| EBITDA | -14.87M | 117.73M | 20.16M | 14.00M | 11.79M | 2.52M |
| Net Income | -39.41M | 101.18M | 3.59M | 3.63M | 2.93M | 2.52M |
Balance Sheet | ||||||
| Total Assets | 58.20M | 62.79M | 51.04M | 40.98M | 41.35M | 343.73M |
| Cash, Cash Equivalents and Short-Term Investments | 1.33M | 1.89M | 698.00K | 278.00K | 59.00K | 1.97M |
| Total Debt | 4.55M | 5.18M | 2.90M | 813.00K | 1.22M | 0.00 |
| Total Liabilities | 211.37M | 102.07M | 81.97M | 69.33M | 60.09M | 27.96M |
| Stockholders Equity | -153.17M | -39.27M | -30.93M | -28.35M | -18.74M | 315.77M |
Cash Flow | ||||||
| Free Cash Flow | -604.00K | 1.44M | 9.14M | 8.38M | 3.12M | -1.14M |
| Operating Cash Flow | 2.20M | 13.79M | 19.13M | 14.92M | 10.16M | -1.14M |
| Investing Cash Flow | 18.90M | -12.39M | -10.06M | -5.63M | -7.03M | -340.93M |
| Financing Cash Flow | -20.86M | 795.00K | -9.65M | -9.07M | -3.81M | 344.04M |
Namib Minerals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $403.33M | 6.65 | 24.36% | 2.06% | 40.20% | 141.58% | |
68 Neutral | $560.30M | 26.15 | 24.58% | ― | 82.76% | 124.83% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | $100.79M | -3.75 | 45.61% | ― | ― | ― | |
46 Neutral | $522.50M | -10.51 | -28.15% | ― | ― | 56.60% |
* Basic Materials Sector Average
NAMM
Namib Minerals
1.85
-12.42
-87.03%
CMCL
Caledonia Mining
20.86
1.59
8.27%
CTGO
Contango ORE
16.98
-4.30
-20.21%
IDR
Idaho Strategic Resources
35.44
21.37
151.88%
BGL
Blue Gold
0.38
-9.62
-96.20%
DC
Dakota Gold Corp
4.93
1.06
27.39%
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.