Kincora Copper (KCC) AI Stock Analysis

• Market Cap: C$42.10M
• Dividend Yield: N/A
• Average Volume (3M): 57.88K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.47
• Revenue Growth: N/A
• EPS Growth: -36.80%
• Country: CA
• Employees: 14
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Copper
• EPS (TTM): -0.06
• Shares Outstanding: 43,405,373
• 10 Day Avg. Volume: 75,297
• 30 Day Avg. Volume: 57,883
• PEG Ratio: -0.11
• Price to Book (P/B): 0.43
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -7.72
• 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: 50 Neutral
• Price Target: C$1.00 ▼(-1.96% Downside)

The score is held back mainly by weak financial performance (pre-revenue losses and ongoing cash burn despite zero debt). Technicals are neutral-to-mildly supportive with price well above the 200DMA but still below the 50DMA. Corporate events add a modest positive tilt via drilling progress and grant support, while valuation is constrained by negative earnings and no dividend yield.

Positive Factors

Conservative balance sheet (no debt)

Zero reported debt materially lowers refinancing and interest-rate risk for an early-stage explorer. A debt-free capital structure provides durable optionality to fund drilling or partner transactions without servicing obligations, improving flexibility across multiple funding cycles.

Focused exploration and partnership strategy

A clear, repeatable focus on porphyry copper targets and an explicit partnering model reduces capital intensity and execution risk. Relying on joint ventures or farm-ins allows the company to progress projects while conserving cash and leveraging partner operating capabilities.

Advancing exploration and institutional support

Active drilling, government grant support, and strengthened governance are structural positives: drilling advances asset value, grants lower direct funding needs, and added directors/advisors raise technical and capital-market credibility over the medium term.

Negative Factors

Persistent cash burn

Sustained negative operating and free cash flow create recurring funding needs for exploration. Over months, this elevates dilution and execution risk because the company must raise external capital to sustain drilling programs, delaying progress without partner funding.

No revenue and widening losses

Absence of operating revenue and increasing losses mean returns are negative and profitability is distant. This structural gap forces reliance on capital markets or partners and makes long-term value realization contingent on successful exploration outcomes or asset sales.

Limited in-house capacity

A very small headcount constrains the company's ability to run multiple, capital-intensive exploration campaigns concurrently. This heightens dependence on contractors and partners, potentially slowing project timelines and increasing execution risk over the medium term.

Kincora Copper Business Overview & Revenue Model

Company Description

Kincora Copper Limited acquires, explores for, and develops mineral properties in Mongolia and Australia. It primarily explores for copper and gold deposits. The company holds interests in the Trundle, Fairholme, Northern Junee-Narromine Belt, Jemalong, Cundumbul, and Condobolin projects located in the New South Wales, Australia. It also owns interests in the Bronze Fox property located in Mandakh soum, Dornogovi; and Tourmaline Hills property located in Manlai soum, Omnogovi. The company was formerly known as Brazilian Diamonds Limited and changed its name to Kincora Copper Limited in January 2011. Kincora Copper Limited was incorporated in 1983 and is headquartered in Vancouver, Canada.

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

Pre-revenue with persistent losses and negative cash flow (TTM net loss ~-3.6M; operating cash flow ~-1.1M; free cash flow ~-3.0M). The balance sheet is a relative strength with zero debt and growing equity (~17.3M in 2024 to ~20.5M in TTM), but ongoing burn raises dilution/runway risk.

Income Statement

The company remains pre-revenue (revenue is 0 across all periods), with persistent operating and net losses. Losses widened in TTM (Trailing-Twelve-Months) (net loss of about -3.6M vs. -2.6M in 2024), indicating higher spend and weaker near-term earnings quality. A positive is that results are far less extreme than 2020–2021, but profitability is still not in sight without a revenue ramp.

Balance Sheet

The balance sheet is conservatively positioned with no debt reported in any period, reducing refinancing and interest-rate risk. Equity has grown from ~17.3M (2024) to ~20.5M in TTM (Trailing-Twelve-Months), supporting the asset base; however, returns remain negative (TTM return on equity around -20%), reflecting ongoing losses and the risk of future dilution if cash needs persist.

Cash Flow

Cash generation is weak: operating cash flow is negative in TTM (Trailing-Twelve-Months) (about -1.1M) and free cash flow is also negative (about -3.0M), implying continued cash burn. While free cash flow shows a reported improvement versus the prior period, funding requirements remain a key overhang given the lack of revenue and recurring losses.

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	-73.00K	-93.00K	-20.00K	-66.00K	-83.00K	-129.00K
EBITDA	-3.32M	-2.46M	-1.39M	-1.90M	-22.50M	-32.10M
Net Income	-3.60M	-2.56M	-1.46M	-1.96M	-22.58M	-32.23M
Balance Sheet
Total Assets	21.23M	17.96M	17.75M	16.09M	16.29M	28.53M
Cash, Cash Equivalents and Short-Term Investments	4.53M	2.46M	1.53M	2.22M	4.83M	4.46M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	733.00K	672.00K	248.00K	465.00K	681.00K	832.00K
Stockholders Equity	20.50M	17.29M	17.50M	15.63M	15.61M	27.70M
Cash Flow
Free Cash Flow	-2.99M	-974.00K	-2.78M	-4.11M	-8.33M	-3.58M
Operating Cash Flow	-1.08M	-882.00K	-1.22M	-1.12M	-2.13M	-392.00K
Investing Cash Flow	-335.00K	311.00K	-1.32M	-2.78M	-6.35M	-3.19M
Financing Cash Flow	5.13M	1.16M	2.41M	1.33M	9.09M	5.14M

Kincora Copper Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KCC, the sentiment is Negative. The current price of 1.02 is below the 20-day moving average (MA) of 1.05, above the 50-day MA of 1.00, and above the 200-day MA of 0.77, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 43.60 is Neutral, neither overbought nor oversold. The STOCH value of 19.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:KCC.

Kincora Copper 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%
KCC	50 Neutral	C$42.10M	-8.11	-18.92%	―	―	-36.80%
USCU	50 Neutral	C$24.01M	-18.13	-162.83%	―	―	1.23%
CPER	50 Neutral	C$13.09M	-2.64	-84.76%	―	―	-11.14%
CCI	42 Neutral	C$77.72M	-26.55	-78.57%	―	―	-164.42%

Kincora Copper Corporate Events

Kincora Copper Issues Shares for Services to Strengthen Market Position

Kincora Copper Limited has issued common shares as compensation for services rendered between July 2024 and June 2025, following approval from disinterested shareholders. The issuance, which involves insiders and is considered a ‘related party transaction’, is subject to regulatory approvals and complies with Multilateral Instrument 61-101. This strategic move is part of Kincora’s ongoing efforts to strengthen its operations and market positioning by leveraging its project portfolio in key copper-gold regions.

Kincora Copper Begins Drilling at Promising Wongarbon Project

Kincora Copper has commenced drilling at the Wongarbon porphyry project, targeting a large magnetic anomaly indicative of a potential gold-copper porphyry deposit. The project, supported by a funding grant from the New South Wales State Government, aims to explore one of the few remaining untested intrusive complexes in the Macquarie Arc. The drilling is expected to provide valuable geological information, aiding future exploration and optimizing Kincora’s partnership with Fleet Space Technologies. This initiative aligns with Kincora’s strategy of capital-efficient exploration, offering significant potential returns to shareholders.

Kincora Copper Announces Board Changes with New Appointment

Kincora Copper Limited announced the appointment of James Durrant to its Board of Directors, replacing Jeremy Robinson. Durrant, with extensive experience in mining and project development, is expected to bring valuable skills to Kincora’s strategic goals. This change is seen as a move to ensure continuity and alignment of key shareholders, enhancing the company’s business development capabilities.