Meridian Mining SE (MNO) AI Stock Analysis

• Market Cap: C$274.35M
• Dividend Yield: N/A
• Average Volume (3M): 330.51K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.62
• Revenue Growth: N/A
• EPS Growth: -22.62%
• Country: CA
• Employees: 73
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 351,727,360
• 10 Day Avg. Volume: 429,353
• 30 Day Avg. Volume: 330,506
• PEG Ratio: -0.28
• Price to Book (P/B): 5.70
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.92
• 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: Moderate Buy
• Number of Analyst Covering: 1

• 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 UK Societas, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Brazil. The company explores for manganese, gold, copper, and tin deposits. It holds interest in the Espigão polymetallic project and the Ariquemes tin project located in Rondônia. The company also has an option to acquire a 100% interest in the Cabaçal copper-gold project located in the state of Mato Grosso; and the Mirante da Serra project located in Rondônia. The company was formerly known as Meridian Mining S.E. Meridian Mining UK Societas was founded in 2013 and is headquartered in London, the United Kingdom.

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 faces significant financial challenges, marked by a lack of revenue and persistent losses. While the absence of debt is a positive factor, the reliance on external financing and negative cash flows highlight the company's ongoing liquidity and operational struggles. Immediate strategic changes are necessary to improve financial health and sustainability.

Income Statement

Meridian Mining SE has shown a consistent lack of revenue generation over the past periods. The company has been unable to generate gross profit, and both EBIT and net income have been negative, indicating ongoing operational challenges. This persistent lack of profitability is a significant concern.

Balance Sheet

The company's balance sheet reveals a lack of debt, which is positive, but it is offset by a weak equity position in previous years. The return on equity is negative due to net losses, and the equity ratio is positive only in recent periods, suggesting some improvement in financial stability.

Cash Flow

Negative operating and free cash flows indicate cash management issues. The company relies heavily on financing activities to support its cash needs, which is unsustainable long-term. The inability to generate cash from operations is a critical concern.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	241.02K	6.26M
	Gross Profit
-195.17K	-62.45K	-133.17K	-48.02K	-91.37K	-1.23M
	EBIT
-13.97M	-12.39M	-9.19M	-9.41M	-2.57M	-15.56M
	EBITDA
-13.64M	-12.22M	-8.97M	19.35M	-2.71M	-14.46M
	Net Income Common Stockholders
-13.76M	-11.99M	800.11K	-37.58M	-7.53M	-17.35M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
201.71K	7.10M	6.17M	9.06M	4.52M	530.32K
	Total Assets
20.85M	17.45M	15.25M	16.19M	10.94M	10.06M
	Total Debt
17.71M	0.00	0.00	0.00	0.00	24.79M
	Net Debt
17.51M	-7.10M	-6.17M	-9.06M	-4.52M	24.26M
	Total Liabilities
20.34M	2.43M	3.63M	19.90M	7.71M	27.13M
	Stockholders Equity
510.63K	15.02M	11.62M	-3.72M	3.22M	-17.07M
Cash Flow		Free Cash Flow
-13.73M	-11.87M	-9.30M	-7.45M	-2.22M	-4.92M
	Operating Cash Flow
-12.64M	-10.60M	-9.05M	-6.49M	-2.20M	-4.72M
	Investing Cash Flow
-1.03M	-1.26M	-173.68K	-941.67K	252.63K	-202.67K
	Financing Cash Flow
13.83M	12.71M	6.61M	12.00M	5.81M	5.25M

Meridian Mining SE Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.78
• 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:MNO, the sentiment is Positive. The current price of 0.78 is above the 20-day moving average (MA) of 0.72, above the 50-day MA of 0.67, and above the 200-day MA of 0.50, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 65.38 is Neutral, neither overbought nor oversold. The STOCH value of 93.47 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.02B	-1.14	-21.36%	3.64%	2.88%	-30.57%
OM	50 Neutral	C$268.21M	―	-25.92%	―	―	-209.91%
PNPN	48 Neutral	C$252.53M	―	-450.39%	―	―	-14.92%
MNO	45 Neutral	C$274.35M	―	-120.17%	―	―	-22.62%
REG	37 Underperform	C$290.46M	―	-5.65%	―	―	-43.69%
SMTSF		$178.25M	7.41	26.39%	―	―	―
NICU	40 Underperform	C$323.45M	22.68	35.78%	―	―	-53.43%

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.