Namib Minerals (NAMM)
NASDAQ:NAMM
Want to see NAMM full AI Analyst Report?
Top Page
Namib Minerals
(NASDAQ:NAMM)
Select Model
Select Model
Rating:51Neutral
Price Target:
$2.00
▼(-5.66% Downside)
Action:ReiteratedDate:04/09/26
The score is driven primarily by mixed financial fundamentals: positive operating cash flow and prior margin improvement are weighed down by persistently negative equity, volatile 2025 reported results, and weaker recent free cash flow. Technicals are weak-to-neutral with price below key moving averages and negative MACD. Earnings call guidance is constructive but tempered by reliance on elevated gold price assumptions and significant funding/execution requirements.
Positive Factors
Operating cash flow and manageable net debt
Consistent positive operating cash flow through 2022–2025 and a modest net debt position provide durable internal funding for near-term operations and sustaining capex. This supports liquidity and reduces immediate refinancing pressure while management pursues larger project financing.
Negative Factors
Persistently negative shareholders' equity
A continuing shareholders' deficit (driven by SPAC accounting and noncash items) is a structural weakness that impairs financial flexibility, complicates equity financing, and may limit covenant relief or investor appetite for new funding over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash flow and manageable net debt
Consistent positive operating cash flow through 2022–2025 and a modest net debt position provide durable internal funding for near-term operations and sustaining capex. This supports liquidity and reduces immediate refinancing pressure while management pursues larger project financing.
Read all positive factors
Namib Minerals (NAMM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$106.79M
Dividend YieldN/A
Average Volume (3M)1.12M
Price to Earnings (P/E)―
Beta (1Y)-0.12
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 Cap0.99
Enterprise Value/Revenue-4.46
Enterprise Value/Gross Profit-8.32
Enterprise Value/Ebitda-6.95
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 engages in the production, development, and exploration of gold and critical green metals. The company operates an underground mine in Zimbabwe, with additional exploration assets in Zimbabwe and the Democratic Republic of Congo. Th...
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 | -23.73M | 82.59M | 85.88M | 65.06M | 47.66M | 0.00 |
| Gross Profit | -12.71M | 34.23M | 38.79M | 22.46M | 10.72M | 0.00 |
| EBITDA | -15.21M | 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | $442.77M | 9.25 | 22.79% | 2.06% | 46.26% | 194.68% | |
66 Neutral | $666.24M | 34.93 | 24.50% | ― | 64.59% | 64.12% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | $703.87M | -4.11 | -268.91% | ― | ― | 33.11% | |
51 Neutral | $106.79M | ― | 45.61% | ― | ― | ― |
* Basic Materials Sector Average
NAMM
Namib Minerals
2.00
-8.85
-81.56%
CMCL
Caledonia Mining
22.62
9.84
76.94%
CTGO
Contango ORE
23.13
9.19
65.93%
IDR
Idaho Strategic Resources
43.73
28.06
179.07%
BGL
Blue Gold
1.21
-10.26
-89.45%
DC
Dakota Gold Corp
5.49
2.71
97.48%
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.