Kincora Copper (KCC) AI Stock Analysis

• Market Cap: C$10.21M
• Dividend Yield: N/A
• Average Volume (3M): 207.45K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.13
• Revenue Growth: N/A
• EPS Growth: -25.32%
• Country: CA
• Employees: 14
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Copper
• EPS (TTM): >-0.01
• Shares Outstanding: 291,720,920
• 10 Day Avg. Volume: 521,946
• 30 Day Avg. Volume: 207,450
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -9.00
• P/FCF Ratio: 0.00
• 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

Kincora Copper faces significant operational challenges due to lack of revenue and consistent financial losses. Despite a strong balance sheet with no debt, negative cash flows and poor profitability hinder long-term sustainability. Technical analysis indicates weak momentum, while valuation metrics highlight financial struggles. However, recent corporate events, such as the expanded joint venture with AngloGold Ashanti, provide a positive development that could enhance exploration efforts and industry positioning.

Kincora Copper Business Overview & Revenue Model

Company Description

Kincora Copper (KCC) is a mineral exploration company focused on the discovery and development of copper and gold projects. The company operates in key mining regions, primarily in Mongolia and Australia, where it holds a range of exploration licenses. KCC's core activities include identifying highly prospective mineral deposits, advancing exploration programs, and forming strategic partnerships to enhance its project development capabilities.

How the Company Makes Money

Kincora Copper makes money through the discovery and development of mineral resources, primarily copper and gold. The company generates revenue by increasing the value of its exploration projects through successful exploration and development, which can then be sold to or partnered with larger mining companies. KCC may also enter into joint ventures or option agreements with other mining entities, allowing them to leverage external expertise and capital to advance their projects. Additionally, KCC might raise funds through equity financing to support its exploration activities, which provides the financial resources needed to identify and develop profitable mining projects.

Kincora Copper Financial Statement Overview

Summary

Kincora Copper faces substantial challenges with zero revenue and consistent losses. While the balance sheet remains strong due to no debt, the lack of revenue and negative cash flow highlight significant operational and financial risks. Addressing revenue generation is crucial for future sustainability.

Income Statement

The company has consistently reported zero revenue, leading to negative gross profit, EBIT, and net income figures. The lack of revenue generation is a significant weakness, and the company needs to address this to improve its financial performance.

Balance Sheet

The balance sheet indicates a strong equity position with no debt, leading to a favorable debt-to-equity ratio. However, the absence of revenue generation is a potential risk for future financial stability if not addressed.

Cash Flow

Negative free cash flow and operating cash flow highlight cash management challenges. The company relies on external financing, which is unsustainable long-term without revenue improvement. However, free cash flow improved in the TTM period, indicating some operational improvements.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-45.00K	-20.00K	-66.00K	-83.00K	-129.00K	0.00
	EBIT
-1.75M	-1.31M	-1.98M	15.90M	28.73M	546.00K
	EBITDA
-2.21M	-1.39M	-1.90M	-22.50M	-32.10M	-2.00M
	Net Income Common Stockholders
-2.56M	-1.46M	-1.96M	-22.58M	-32.23M	-4.96M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.46M	1.53M	2.22M	4.83M	4.46M	2.90M
	Total Assets
17.96M	17.75M	16.09M	16.29M	28.53M	54.29M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-2.14M	-1.53M	-2.22M	-4.83M	-4.46M	-2.90M
	Total Liabilities
672.00K	248.00K	465.00K	681.00K	832.00K	824.00K
	Stockholders Equity
17.29M	17.50M	15.63M	15.61M	27.70M	53.47M
Cash Flow		Free Cash Flow
-974.00K	-2.78M	-4.11M	-8.33M	-3.58M	-4.12M
	Operating Cash Flow
-882.00K	-1.22M	-1.12M	-2.13M	-392.00K	-2.09M
	Investing Cash Flow
311.00K	-1.32M	-2.78M	-6.35M	-3.19M	-2.02M
	Financing Cash Flow
1.16M	2.41M	1.33M	9.09M	5.14M	6.08M

Kincora Copper Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KCC, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 70.67 is Negative, neither overbought nor oversold. The STOCH value of 72.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:KCC.

Kincora Copper Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LUN	64 Neutral	$8.88B	25.63	0.24%	2.97%	-2.71%	-188.94%
FM	61 Neutral	$15.99B	84.12	1.22%	―	-13.79%	―
CS	56 Neutral	C$5.28B	45.89	2.90%	―	20.74%	―
Sector *	49 Neutral	$1.95B	-1.59	-21.99%	3.77%	0.61%	-27.45%
IVN	47 Neutral	$18.04B	57.06	5.25%	―	―	-33.54%
ERO	44 Neutral	$1.81B	67.52	-9.84%	―	11.68%	-169.49%
KCC	36 Underperform	C$10.21M	―	-14.69%	―	―	-25.32%

Kincora Copper Corporate Events

Kincora Copper Expands Joint Venture with AngloGold Ashanti

Kincora Copper Limited has announced a major amendment to its Earn-in and Joint Venture Agreement with AngloGold Ashanti, expanding their partnership in the Northern Junee-Narromine Belt of the Macquarie Arc. This development supports total expenditures of up to $100 million, marking a significant milestone in Kincora’s exploration and asset-level partner strategy. The expanded partnership is expected to enhance Kincora’s industry positioning and operational capabilities, potentially benefiting stakeholders through increased exploration activities and potential discoveries.

Spark’s Take on TSE:KCC Stock

According to Spark, TipRanks’ AI Analyst, TSE:KCC is a Neutral.

Kincora Copper’s overall stock score reflects significant operational challenges due to its lack of revenue and consistent financial losses. The company’s strong balance sheet, with no debt, mitigates some risks but is overshadowed by negative cash flows and poor profitability. Technical analysis indicates weak momentum, and the valuation metrics underscore the financial struggles, resulting in a low attractiveness for potential investors.

To see Spark’s full report on TSE:KCC stock, click here.

Kincora Copper Expands Joint Venture with AngloGold Ashanti

Kincora Copper has amended its agreement with AngloGold Ashanti to expand their joint venture in the Northern Junee-Narromine Belt, securing up to $100 million in funding for exploration. This strategic move allows Kincora to accelerate drilling plans across multiple projects, enhancing its position in the copper exploration industry and potentially increasing shareholder value through a self-funding model.

Spark’s Take on TSE:KCC Stock

According to Spark, TipRanks’ AI Analyst, TSE:KCC is a Neutral.

Kincora Copper’s overall stock score reflects significant operational challenges due to its lack of revenue and consistent financial losses. The company’s strong balance sheet, with no debt, mitigates some risks but is overshadowed by negative cash flows and poor profitability. Technical analysis indicates weak momentum, and the valuation metrics underscore the financial struggles, resulting in a low attractiveness for potential investors.

To see Spark’s full report on TSE:KCC stock, click here.

Kincora Copper Expands Nyngan Drilling Program with AngloGold Ashanti

Kincora Copper, in collaboration with AngloGold Ashanti, has expanded its first drilling program at the Nyngan project following promising initial results. The ongoing exploration has revealed district-scale deposit potential with notable copper and pathfinder mineral occurrences. The program has been extended to include up to twenty drill holes, supported by a ground gravity survey. Kincora is managing the programs and AngloGold Ashanti may invest up to A$50 million to secure an 80% stake in the projects, indicating significant confidence and potential impact on operations and industry positioning.