New Age Metals (TSE:NAM)
:NAM
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New Age Metals
(NAM)
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Rating:42Neutral
Price Target:
C$0.27
▼(-23.89% Downside)
Action:ReiteratedDate:04/10/26
The score is held down primarily by weak financial performance (no revenue, operating losses, and negative free cash flow), despite low leverage on the balance sheet. Technicals are mildly bearish with price below key moving averages and a negative MACD. Valuation is also a headwind given the very high P/E and lack of dividend support.
Positive Factors
Low leverage / balance sheet strength
Very low debt materially reduces financial risk and lengthens the runway for multi-year exploration cycles. Minimal leverage and equity/assets sizable versus debt give flexibility to fund programs, structure JVs or option deals, and avoid survival pressure during slow commodity cycles.
Negative Factors
Zero revenue and operating losses
Reporting zero revenue and persistent operating losses means the company lacks an operational earnings base. This structural shortfall forces continued reliance on external funding, prevents self-sustaining reinvestment, and makes long-term growth contingent on discovery success or asset transactions.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / balance sheet strength
Very low debt materially reduces financial risk and lengthens the runway for multi-year exploration cycles. Minimal leverage and equity/assets sizable versus debt give flexibility to fund programs, structure JVs or option deals, and avoid survival pressure during slow commodity cycles.
Read all positive factors
New Age Metals (NAM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$25.15M
Dividend YieldN/A
Average Volume (3M)181.59K
Price to Earnings (P/E)134.3
Beta (1Y)0.76
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees10
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)<0.01
Shares Outstanding72,894,560
10 Day Avg. Volume108,130
30 Day Avg. Volume181,590
Financial Highlights & Ratios
PEG Ratio0.54
Price to Book (P/B)0.47
Price to Sales (P/S)0.00
P/FCF Ratio-20.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$1.04Price Target Upside188.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
New Age Metals Business Overview & Revenue Model
Company Description
New Age Metals Inc., a mineral exploration company, engages in the acquisition, exploration, and development of platinum group metals (PGMs), and precious and base metal properties in Canada. The company explores for rhodium, palladium, platinum, ...
How the Company Makes Money
New Age Metals’ business model is that of an exploration-stage mining company, meaning it typically does not generate recurring revenue from selling mined commodities unless it has operating production assets (null: current production revenue deta...
New Age Metals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2022 | Apr 2021 | Apr 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -51.23K | -45.49K | -52.01K | -57.88K | -38.61K | -46.56K |
| EBITDA | -456.29K | -1.01M | -940.00K | -665.00K | -1.14M | -666.00K |
| Net Income | 252.30K | -509.82K | -658.00K | -650.00K | -1.18M | -719.00K |
Balance Sheet | ||||||
| Total Assets | 17.43M | 13.23M | 15.44M | 14.63M | 15.12M | 12.86M |
| Cash, Cash Equivalents and Short-Term Investments | 5.98M | 3.65M | 2.54M | 4.49M | 7.30M | 8.88M |
| Total Debt | 50.88K | 78.60K | 113.08K | 144.32K | 0.00 | 11.83K |
| Total Liabilities | 238.70K | 169.15K | 1.87M | 403.97K | 283.21K | 337.45K |
| Stockholders Equity | 17.19M | 13.06M | 13.57M | 14.22M | 14.84M | 12.52M |
Cash Flow | ||||||
| Free Cash Flow | -2.16M | -298.49K | -2.48M | -2.99M | -487.77K | -1.31M |
| Operating Cash Flow | -1.39M | 245.97K | -1.40M | -548.31K | -459.77K | -1.22M |
| Investing Cash Flow | -1.46M | 563.71K | -513.37K | -2.32M | -3.98M | -691.87K |
| Financing Cash Flow | 3.86M | -42.00K | -41.40K | -34.60K | 2.96M | 8.74M |
New Age Metals Technical Analysis
Positive
0.36
Price Trends
0.38
Negative
0.41
Negative
0.35
Positive
Market Momentum
-0.01
Negative
52.49
Neutral
53.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NAM, the sentiment is Positive. The current price of 0.36 is above the 20-day moving average (MA) of 0.33, below the 50-day MA of 0.38, and above the 200-day MA of 0.35, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 52.49 is Neutral, neither overbought nor oversold. The STOCH value of 53.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NAM.
New Age Metals 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% | |
45 Neutral | C$22.42M | -3.41 | ― | ― | ― | 11.25% | |
44 Neutral | C$25.90M | -10.62 | -237.82% | ― | ― | -22.22% | |
43 Neutral | C$30.05M | -11.29 | -72.48% | ― | ― | -242.77% | |
43 Neutral | C$33.54M | -8.00 | -118.88% | ― | ― | -2664.29% | |
42 Neutral | C$25.15M | 134.27 | -2.46% | ― | ― | ― | |
42 Neutral | C$25.81M | -16.75 | -58.92% | ― | ― | 38.32% |
* Basic Materials Sector Average
TSE:NAM
New Age Metals
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New Age Metals Corporate Events
Business Operations and StrategyM&A Transactions
New Age Metals Expands Ontario PGM Footprint With Gravel Ridge Option
Positive
Apr 16, 2026
New Age Metals Inc. has entered into an option agreement to acquire a 100% interest in the Gravel Ridge PGM Property near the Lac des Îles Mine in northwestern Ontario, expanding its Platreef PGM Project. The deal adds about 740 hectares to i...
Business Operations and Strategy
New Age Metals Expands Northern Shield Footprint in Ontario’s Ring of Fire
Positive
Apr 8, 2026
New Age Metals has expanded its Northern Shield PGM–Cu–Ni and critical minerals project in Ontario’s Ring of Fire to roughly 34,000 hectares through staking, giving it 100% ownership with no option or earn-in obligations. The enl...
Business Operations and Strategy
New Age Metals and MetalQuest Expand Northwestern Ontario Presence with Kenora Hub and NWOPA 2026 Showcase
Positive
Apr 2, 2026
New Age Metals and MetalQuest Mining will attend the Northwestern Ontario Prospectors Association 2026 Conference in Thunder Bay on April 8–9, underscoring their expanding exploration footprint across Northwestern Ontario. The companies plan...
Business Operations and Strategy
New Age Metals hits high-grade antimony and gold at St. Alban’s, expands Newfoundland land package
Positive
Feb 27, 2026
New Age Metals reported strong Phase 2 exploration results from its St. Alban’s antimony–gold properties in southern Newfoundland and Labrador, with grab samples assaying up to 51.9% antimony and 46.2 g/t gold. The program has outlined...
Business Operations and Strategy
New Age Metals Stakes Escape East Project to Deepen PGM Footprint in Northwestern Ontario
Positive
Feb 27, 2026
New Age Metals has expanded its platinum group metals portfolio by staking the 100%-owned Escape East PGM–Ni–Cu Project, a roughly 4,000-hectare exploration property in Northwestern Ontario’s Thunder Bay Mining Division. The proj...
Business Operations and Strategy
New Age Metals Secures Large Double R Gold Project in Ontario’s Kenora District
Positive
Feb 24, 2026
New Age Metals has acquired and consolidated the Double R Gold Project through staking in Ontario’s Kenora Mining District, assembling 834 mining claims over 17,620 hectares in a highly prospective Archean greenstone belt. The project sits n...
Business Operations and Strategy
New Age Metals Expands Northern Shield Critical Minerals Footprint in Ontario’s Ring of Fire
Positive
Feb 12, 2026
New Age Metals has expanded its Northern Shield Platinum Group Metals–Copper–Nickel and Critical Minerals Project in Ontario’s Ring of Fire by staking the southern extension, increasing the project area to about 32,000 hectares a...
Business Operations and Strategy
New Age Metals Expands Northern Shield Footprint in Ontario’s Ring of Fire
Positive
Feb 12, 2026
New Age Metals has expanded its Northern Shield platinum group metals, copper, nickel and critical minerals project in Ontario’s Ring of Fire by staking the southern extension, increasing the land package to about 32,000 hectares across 1,56...
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.