Meridian Mining SE (MNO) AI Stock Analysis

• Market Cap: C$263.80M
• Dividend Yield: N/A
• Average Volume (3M): 301.62K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.64
• Revenue Growth: N/A
• EPS Growth: -22.62%
• Country: CA
• Employees: 73
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 351,727,360
• 10 Day Avg. Volume: 170,460
• 30 Day Avg. Volume: 301,615
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.44
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.54
• Enterprise Value/Market Cap: 0.12
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -163.52
• Enterprise Value/Ebitda: -0.56
• 1Y Price Target: C$1.50
• Price Target Upside: 100.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 45 Neutral
• Price Target: ―

Meridian Mining SE faces significant financial challenges with no revenue and negative cash flows, leading to a low financial performance score. However, technical indicators and positive corporate developments, such as promising mineral discoveries and financing, provide some upside potential. Despite these strengths, the company's negative earnings and lack of dividend yield weigh heavily on its valuation score.

Meridian Mining SE Business Overview & Revenue Model

Company Description

Meridian Mining SE (MNO) is a mining and exploration company primarily engaged in the exploration and development of mineral resources. Headquartered in London, United Kingdom, the company focuses on the acquisition, exploration, and development of resource projects in Brazil. Its core products include manganese, copper, and gold, with a primary emphasis on developing its flagship Cabaçal project in the state of Mato Grosso, Brazil.

How the Company Makes Money

Meridian Mining SE generates revenue through the exploration and development of its mineral resource projects, primarily focusing on the Cabaçal copper-gold project in Brazil. The company aims to monetize its assets by advancing these projects towards production, either through direct mining operations or through partnerships and joint ventures with other mining companies. Revenue streams are expected to be generated from the sale of extracted minerals such as copper, gold, and potentially other associated minerals. Additionally, the company may secure funding through equity financing, debt, or strategic partnerships to support its exploration and development activities.

Meridian Mining SE Financial Statement Overview

Summary

Meridian Mining SE's financial statements show persistent losses, no revenue, and negative cash flows. Despite low leverage and positive stockholders' equity, the overall financial health is weak due to operational inefficiencies and financial instability.

Income Statement

The income statement reveals persistent losses with no revenue reported in recent years. Gross profit, EBIT, and EBITDA are all negative, indicating operational challenges. Net income has consistently been negative, showing no signs of profitability. The absence of revenue growth is a major concern, resulting in a low score.

Balance Sheet

The balance sheet shows positive stockholders' equity and no debt, indicating a low leverage position, which is a positive sign. However, the equity ratio has been fluctuating, and the company has faced negative equity in the past, posing a risk to financial stability. Despite the low leverage, the overall financial health remains weak due to sustained losses.

Cash Flow

The cash flow statement indicates negative operating and free cash flows, highlighting cash management challenges. Free cash flow has been consistently negative, with no growth in sight. While financing cash flows are positive, likely supporting operations, the reliance on external financing rather than operational cash generation is concerning.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	241.02K
Gross Profit	-195.00K	-62.45K	-133.00K	-48.02K	-91.37K
EBITDA	-18.00M	-11.75M	1.15M	-9.38M	-2.71M
Net Income	-18.23M	-11.99M	800.11K	-37.58M	-7.53M
Balance Sheet
Total Assets	11.23M	17.45M	15.25M	16.19M	10.94M
Cash, Cash Equivalents and Short-Term Investments	7.71M	7.10M	6.17M	9.06M	4.52M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	2.04M	2.43M	3.63M	19.90M	7.71M
Stockholders Equity	9.19M	15.02M	11.62M	-3.72M	3.22M
Cash Flow
Free Cash Flow	-12.83M	-11.87M	-9.30M	-7.45M	-2.22M
Operating Cash Flow	-12.12M	-10.60M	-9.05M	-6.49M	-2.20M
Investing Cash Flow	-704.31K	-1.26M	-173.68K	-941.67K	252.63K
Financing Cash Flow	14.06M	12.71M	6.61M	12.00M	5.81M

Meridian Mining SE Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.75
• 50DMA: Positive
• 100DMA: Positive
• 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:MNO, the sentiment is Neutral. The current price of 0.75 is below the 20-day moving average (MA) of 0.81, above the 50-day MA of 0.74, and above the 200-day MA of 0.53, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 44.37 is Neutral, neither overbought nor oversold. The STOCH value of 18.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:MNO.

Meridian Mining SE Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SMT	66 Neutral	$248.56M	7.36	26.39%	―	25.53%	―
OM	50 Neutral	C$246.87M	―	-25.92%	―	―	-209.91%
PNPN	48 Neutral	C$264.82M	―	-450.39%	―	―	-14.92%
MNO	45 Neutral	C$263.80M	―	-120.17%	―	―	-22.62%
Sector *	44 Neutral	C$953.01M	-6.70	-13.31%	2.79%	17.55%	-32.28%
NICU	40 Underperform	C$351.55M	24.62	35.78%	―	―	-53.43%
REG	37 Underperform	C$296.69M	―	-5.29%	―	―	-43.69%

Meridian Mining SE Corporate Events

Meridian Mining Unveils High-Grade Gold-Copper Discovery at Cabaçal

Meridian Mining SE announced a significant discovery at its Cabaçal VMS project, with drilling revealing high-grade gold-copper ore zones, including a gold vein grading up to 276 g/t Au. This discovery is expected to enhance the project’s resource potential and will be included in the upcoming Definitive Feasibility Study (DFS). The ongoing drilling program aims to further explore these high-grade zones, potentially increasing the project’s value and strengthening Meridian’s position in the South American mining industry.

Spark’s Take on TSE:MNO Stock

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

Meridian Mining SE faces critical financial challenges with no revenue and significant cash flow issues. However, promising corporate developments and technical indicators offer potential upside. The company’s valuation is hampered by negative earnings, but recent financing and strategic projects could enhance future prospects.

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

Meridian Mining SE Unveils Promising Drilling Results at Santa Helena

Meridian Mining SE has announced significant drilling results at the Santa Helena deposit, revealing high-grade copper, gold, zinc, and silver mineralization. The discovery of a new Cu-Au-Zn anomaly at Santa Fé further enhances the potential for Santa Helena to become a second mining hub within the Cabaçal belt. These developments indicate a stronger and more open mineral system than previously modeled, necessitating additional drilling to fully assess the resource potential.

Spark’s Take on TSE:MNO Stock

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

Meridian Mining SE faces critical financial challenges, with no revenue and significant cash flow issues. Despite positive technical indicators and promising corporate developments, these strengths are overshadowed by the company’s fundamental financial weaknesses.

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

Meridian Mining Files Pre-Feasibility Study for Cabaçal Project

Meridian Mining has filed an independent Pre-Feasibility Study (PFS) technical report for its Cabaçal gold-copper-silver project in Brazil, confirming the information previously disclosed. This report, prepared by a team of qualified experts, supports the company’s strategy to develop its Cabaçal Hub, which is expected to enhance its industry positioning and offer potential growth opportunities for stakeholders.

Meridian Mining’s Cabaçal Project Shows Strong Economic Potential

Meridian Mining SE has announced the results of its Pre-Feasibility Study for the Cabaçal project, revealing a post-tax net present value of USD 984 million and an internal rate of return of 61.2%. The study highlights the project’s potential as a high-margin gold-copper-silver mine, with an average annual production of 141,000 gold-equivalent ounces over ten years. The project is expected to have low all-in sustaining costs and a strong value proposition, with initial capital repaid in 17 months. This positions Cabaçal as a significant asset in Brazil’s mining sector, promising substantial returns for stakeholders.

Meridian Mining Reports High-Grade Drilling Results at Cabaçal Project

Meridian Mining SE announced significant drilling results from its Cabaçal Cu-Au-Ag VMS project, confirming high-grade mineralization extensions. These findings support the company’s strategic focus on advancing the Cabaçal project and related studies, backed by a recent CAD 17.2M capital raise to bolster resource development and exploration efforts.

Meridian Mining Secures CAD 17.2 Million in Oversubscribed Private Placement

Meridian Mining SE has successfully closed an oversubscribed non-brokered private placement, raising CAD 17.2 million through the issuance of over 44 million common shares. The funds raised will be used to advance the Cabaçal project’s pre-feasibility study, initiate feasibility studies, and support exploration activities in the Cabaçal Au-Cu-Ag VMS belt. This strategic financial movement is expected to bolster Meridian’s operational capacity and fortify its positioning in the mining industry, particularly in Brazil’s mining sector. The participation of company insiders in the placement highlights strong internal confidence in Meridian’s growth trajectory.