Meridian Mining SE (TSE:MNO)
TSX:MNO
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Meridian Mining SE
(TSX:MNO)
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Rating:49Neutral
Price Target:
C$2.00
▲(3.63% Upside)
Action:Reiterated
Date:05/15/26
The score is held back primarily by weak financial performance (no revenue, persistent losses, and ongoing cash burn), partially offset by a debt-free balance sheet and improved equity. Technicals are a positive with a clear uptrend, but valuation remains challenged due to losses and no dividend support.
Positive Factors
Debt-free balance sheet
Having no reported debt materially reduces solvency and interest-servicing risk, giving the company structural flexibility to fund operations via equity or project financing. This durable capital-structure advantage lengthens runway and lowers default risk while the business seeks revenue generation.
Negative Factors
No recorded revenue
Operating without recorded revenue leaves the business model unproven and shifts value realization into the future. Lack of sales prevents internal funding of operations, forces reliance on external capital, raises execution and commercial risks, and makes long-term sustainability contingent on future commercialization.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Having no reported debt materially reduces solvency and interest-servicing risk, giving the company structural flexibility to fund operations via equity or project financing. This durable capital-structure advantage lengthens runway and lowers default risk while the business seeks revenue generation.
Read all positive factors
Meridian Mining SE (MNO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$859.36M
Dividend YieldN/A
Average Volume (3M)649.08K
Price to Earnings (P/E)―
Beta (1Y)1.98
Revenue GrowthN/A
EPS Growth17.63%
CountryCA
Employees73
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.05
Shares Outstanding485,513,520
10 Day Avg. Volume906,033
30 Day Avg. Volume649,079
Financial Highlights & Ratios
PEG Ratio0.88
Price to Book (P/B)9.61
Price to Sales (P/S)0.00
P/FCF Ratio-27.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$3.08Price Target Upside59.76% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.04
Revenue Forecast (FY)N/A
Meridian Mining SE Business Overview & Revenue Model
Company Description
Meridian Mining Plc specializes in the discovery, assessment, advancement, and extraction of gold and copper resources. Key projects under its management include Cabaçal, Espigão, and Ariquemes. The firm, which was established on December 16, 2013...
How the Company Makes Money
null...
Meridian Mining SE Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -207.86K | -211.16K | -73.92K | -62.45K | -133.00K | -48.02K |
| EBITDA | -19.48M | -18.30M | -18.00M | -11.75M | 1.15M | -9.38M |
| Net Income | -15.05M | -17.30M | -18.23M | -11.99M | 800.11K | -37.58M |
Balance Sheet | ||||||
| Total Assets | 79.56M | 46.04M | 11.23M | 17.45M | 15.25M | 16.19M |
| Cash, Cash Equivalents and Short-Term Investments | 74.43M | 41.63M | 7.71M | 7.10M | 6.17M | 9.06M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.33M | 3.19M | 2.04M | 2.43M | 3.63M | 19.90M |
| Stockholders Equity | 77.23M | 42.85M | 9.19M | 15.02M | 11.62M | -3.72M |
Cash Flow | ||||||
| Free Cash Flow | -18.39M | -15.08M | -12.83M | -11.87M | -9.30M | -7.45M |
| Operating Cash Flow | -17.74M | -14.87M | -12.12M | -10.60M | -9.05M | -6.49M |
| Investing Cash Flow | -1.23M | -939.23K | -704.31K | -1.26M | -173.68K | -941.67K |
| Financing Cash Flow | 75.48M | 49.50M | 14.06M | 12.71M | 6.61M | 12.00M |
Meridian Mining SE Technical Analysis
Positive
1.93
Price Trends
1.83
Negative
1.78
Negative
1.56
Positive
Market Momentum
-0.04
Positive
48.63
Neutral
43.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MNO, the sentiment is Positive. The current price of 1.93 is above the 20-day moving average (MA) of 1.80, above the 50-day MA of 1.83, and above the 200-day MA of 1.56, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 48.63 is Neutral, neither overbought nor oversold. The STOCH value of 43.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MNO.
Meridian Mining SE Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | C$525.43M | -45.09 | -7.84% | ― | ― | -5566.67% | |
50 Neutral | C$746.85M | -141.72 | -2.34% | ― | ― | 20.78% | |
49 Neutral | C$859.36M | -23.44 | -43.89% | ― | ― | 17.63% | |
45 Neutral | C$819.32M | -17.80 | -92.61% | ― | ― | -7.66% | |
45 Neutral | C$536.77M | -10.42 | -54.38% | ― | 1703.12% | -415.49% | |
44 Neutral | C$919.80M | -47.25 | -30.68% | ― | ― | -65.04% |
* Basic Materials Sector Average
TSE:MNO
Meridian Mining SE
1.77
0.99
126.92%
TSE:WRN
Western Copper
3.31
1.59
92.44%
TSE:NCX
NorthIsle Copper and Gold
2.77
1.59
134.75%
TSE:FWZ
Fireweed Zinc
3.61
1.47
68.69%
TSE:ALDE
Aldebaran Resources Inc
2.84
0.99
54.08%
TSE:NICU
Magna Mining
2.14
0.43
24.78%
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.