Cordoba Minerals (CDB) AI Stock Analysis

• Market Cap: C$77.60M
• Dividend Yield: N/A
• Average Volume (3M): 11.73K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.65
• Revenue Growth: N/A
• EPS Growth: -8.78%
• Country: US
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.06
• Shares Outstanding: 91,530,490
• 10 Day Avg. Volume: 15,965
• 30 Day Avg. Volume: 11,726
• PEG Ratio: 0.07
• Price to Book (P/B): 8.80
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.11
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: C$0.73 ▼(-2.80% Downside)

The score is primarily held back by weak financial performance driven by a pre-revenue model, ongoing losses, and substantial cash burn, despite improved leverage in TTM. Technicals are broadly neutral with only slight negative momentum, and valuation is constrained by negative earnings and no dividend yield data.

Positive Factors

Copper–gold project focus (San Matias)

Cordoba’s core asset orientation toward copper and gold (San Matias) aligns the company with structurally important metals for electrification and base-metal demand. A well-defined flagship project supports long-term value creation opportunities via resource expansion and development optionality.

Flexible funding and exit options

The company’s explicit model of realizing asset value through sales, JVs or equity allows it to de-risk capital intensity inherent in development. Strategic partnerships can fund advancement stages and preserve upside without requiring Cordoba to deliver near-term operational revenue.

Material improvement in leverage TTM

A marked reduction in debt-to-equity reduces balance-sheet risk and increases financial flexibility for project progression or negotiating partnerships. Sustained lower leverage supports the company’s ability to fund exploration via less encumbered equity or attract JV partners.

Negative Factors

Significant and persistent cash burn

Large negative operating and free cash flows indicate continued reliance on external financing to sustain exploration and corporate costs. Over months this pressure can force dilutive equity raises or unfavorable deal terms, constraining long-term shareholder value if spending isn’t matched by partner funding or asset monetization.

Pre-revenue with negative gross profit

Without operating revenue the company lacks internal cash generation and must rely on financing or asset transactions to progress projects. Persistent negative gross profit underscores the absence of an operating margin buffer and makes sustainable development contingent on external capital or strategic disposals.

Volatile balance sheet and declining assets

The prior spike in leverage and declining asset base signal balance-sheet volatility and elevated financial risk during downturns. Negative returns on equity reflect persistent losses, which can limit borrowing capacity and bargaining power with partners, complicating long-term project financing and execution.

Cordoba Minerals Business Overview & Revenue Model

Company Description

Cordoba Minerals Corp., a mineral exploration company, engages in the acquisition, exploration, and development of base and precious metal properties in Colombia and the United States. The company explores for copper, silver, and gold deposits. It primarily holds a 100% interest in the San Matias project with exploration licenses covering 146.62 square kilometers and has an additional 893.91 square kilometers of exploration licenses under application located in the municipality of Puerto Libertador, in the Department of Cordoba, Colombia. The company was incorporated in 2009 and is headquartered in Vancouver, Canada. Cordoba Minerals Corp. is a subsidiary of Ivanhoe Electric Inc.

How the Company Makes Money

Cordoba Minerals makes money through the exploration, development, and eventual sale or partnership of mineral projects, with a focus on copper and gold. The company's revenue model involves increasing the value of its mineral assets through successful exploration and development activities. Key revenue streams include potential future sales of mineral resources from developed projects, strategic partnerships, joint ventures, and project financing agreements. Cordoba Minerals also benefits from investments and funding from stakeholders who are interested in the potential returns from the mining projects it develops. The company may enter into agreements with other mining companies to share in the development costs and profits, which can be a significant factor in its earnings.

Cordoba Minerals Financial Statement Overview

Summary

Pre-revenue profile with persistent losses and negative gross profit; operating and free cash flow remain deeply negative (about -$29.5M and -$29.6M TTM), implying ongoing reliance on external funding. A positive offset is the sharp leverage improvement from ~3.11x debt-to-equity (2024) to ~0.51x in TTM, but the lack of revenue and continued cash burn keeps overall financial strength weak.

Income Statement

The company reports no revenue across the annual periods and TTM (Trailing-Twelve-Months), while gross profit remains negative, indicating ongoing costs without an operating business generating sales. Losses are persistent, though net loss improved from -$31.6M (2022) to -$16.2M (2024) and is -$18.1M in TTM, suggesting some cost variability but no clear path to profitability without revenue.

Balance Sheet

Leverage is volatile: debt-to-equity rose sharply to ~3.11x in 2024 (higher balance-sheet risk), then improved to ~0.51x in TTM as debt fell and equity increased. Total assets have declined versus 2023, and returns on equity are negative in most periods (reflecting continued losses), though the improved leverage profile in TTM is a relative positive.

Cash Flow

Cash burn is significant and ongoing, with operating cash flow negative every year and still -$29.5M in TTM (Trailing-Twelve-Months). Free cash flow is also consistently negative (about -$29.6M TTM), and while the burn rate has improved versus 2023 levels, the business remains dependent on external funding until it can reduce spending materially or generate revenue.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-1.13M	-972.00K	-611.00K	-368.00K	-310.00K	-342.81K
EBITDA	-31.33M	-28.74M	-37.12M	-29.02M	-20.06M	-27.32M
Net Income	-18.15M	-16.16M	-22.90M	-31.61M	-20.47M	-27.31M
Balance Sheet
Total Assets	17.23M	19.97M	52.37M	19.40M	11.07M	10.71M
Cash, Cash Equivalents and Short-Term Investments	12.30M	14.52M	5.08M	10.98M	4.95M	5.48M
Total Debt	3.76M	12.22M	1.26M	422.00K	231.00K	153.01K
Total Liabilities	7.81M	13.56M	9.00M	40.34M	1.50M	1.22M
Stockholders Equity	4.45M	3.93M	25.39M	-20.94M	10.80M	10.13M
Cash Flow
Free Cash Flow	-29.64M	-31.04M	-41.19M	-26.16M	-20.65M	-27.75M
Operating Cash Flow	-29.50M	-30.30M	-44.59M	-25.71M	-20.47M	-27.43M
Investing Cash Flow	-149.00K	-744.00K	-796.00K	-453.00K	-174.00K	-313.39K
Financing Cash Flow	27.19M	41.26M	34.27M	32.25M	20.12M	33.10M

Cordoba Minerals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CDB, the sentiment is Positive. The current price of 0.75 is above the 20-day moving average (MA) of 0.74, below the 50-day MA of 0.79, and below the 200-day MA of 0.78, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 62.86 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CDB.

Cordoba Minerals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
OCO	56 Neutral	C$185.45M	-64.34	-3.75%	―	―	29.51%
FSY	50 Neutral	C$117.47M	-44.35	-9.83%	―	―	49.12%
CDB	47 Neutral	C$77.60M	-4.26	-309.54%	―	―	-8.78%
RTG	45 Neutral	C$66.91M	-9.52	-42.68%	―	―	33.33%
HPQ	44 Neutral	C$80.69M	-10.76	―	―	―	50.72%

Cordoba Minerals Corporate Events

Cordoba Minerals Still Pursuing Alacrán Sale After Missing Year-End Conditions

Cordoba Minerals Corp., a copper and gold exploration company with key assets in Colombia and the United States, is working to advance its flagship Alacrán Project while maintaining a portfolio strategy centered on joint ventures and project development. The company announced that certain conditions for the proposed sale of its remaining 50% interest in the Alacrán Project, along with its other Colombian exploration assets and related receivables, were not satisfied by the agreed outside date of December 31, 2025; however, the framework agreement governing the transaction remains in effect, and Cordoba will continue to pursue completion of the deal while simultaneously evaluating alternative options for moving the Alacrán Project forward, leaving the project’s ownership structure and future development path still in flux for stakeholders.

The most recent analyst rating on (TSE:CDB) stock is a Hold with a C$0.81 price target. To see the full list of analyst forecasts on Cordoba Minerals stock, see the TSE:CDB Stock Forecast page.