Northcliff Res Ltd J (TSE:NCF)
TSX:NCF
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Northcliff Resources
(TSX:NCF)
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Rating:51Neutral
Price Target:
C$0.39
▲(13.82% Upside)
Action:ReiteratedDate:03/18/26
The score is held back primarily by weak financial performance driven by no revenue, ongoing losses, and meaningful cash burn (raising financing/runway risk). Technicals provide some support with a positive longer-term trend and positive MACD, but valuation remains unattractive/unclear due to negative earnings and no dividend yield data.
Positive Factors
Low financial leverage
A low debt-to-equity (~0.14) and sizable equity base provide structural financial flexibility for a pre-revenue explorer. This cushion reduces near-term default risk, supports ongoing permitting/development spending, and makes external financing less pressured while the project advances.
Negative Factors
Pre-revenue profile
No revenue reported across available periods means project economics are unproven and the company is entirely financing-dependent. Over the medium term this limits self-funding ability and increases execution and financing risk until commercial production or third-party offtake is secured.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
A low debt-to-equity (~0.14) and sizable equity base provide structural financial flexibility for a pre-revenue explorer. This cushion reduces near-term default risk, supports ongoing permitting/development spending, and makes external financing less pressured while the project advances.
Read all positive factors
Northcliff Resources (NCF) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$235.41M
Dividend YieldN/A
Average Volume (3M)754.26K
Price to Earnings (P/E)―
Beta (1Y)2.65
Revenue GrowthN/A
EPS Growth34.09%
CountryCA
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding627,758,670
10 Day Avg. Volume330,970
30 Day Avg. Volume754,264
Financial Highlights & Ratios
PEG Ratio2.24
Price to Book (P/B)4.62
Price to Sales (P/S)0.00
P/FCF Ratio-22.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Northcliff Resources Business Overview & Revenue Model
Company Description
Northcliff Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, and development of mineral projects in Canada. Its primary mineral project is the Sisson Tungsten-Molybdenum project covering an area of 18,880 hec...
How the Company Makes Money
null...
Northcliff Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
23
Negative
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -186.29K | 0.00 | -974.05K | -437.73K | -214.00 | -658.00 |
| EBITDA | -795.44K | -1.33M | -2.21M | -2.27M | -1.68M | -1.19M |
| Net Income | -837.68K | -1.34M | -2.10M | -2.65M | -1.88M | -1.27M |
Balance Sheet | ||||||
| Total Assets | 36.32M | 34.21M | 30.53M | 31.03M | 32.43M | 28.34M |
| Cash, Cash Equivalents and Short-Term Investments | 446.70K | 1.62M | 1.34M | 2.13M | 4.93M | 1.44M |
| Total Debt | 3.64M | 3.55M | 0.00 | 1.32M | 4.45M | 1.34M |
| Total Liabilities | 7.57M | 5.23M | 1.64M | 2.40M | 6.57M | 2.54M |
| Stockholders Equity | 25.08M | 25.23M | 25.06M | 24.66M | 22.32M | 22.65M |
Cash Flow | ||||||
| Free Cash Flow | -7.95M | -5.21M | -1.11M | -4.65M | -1.28M | -994.10K |
| Operating Cash Flow | -2.99M | -2.99M | -1.11M | -3.78M | -727.53K | -676.45K |
| Investing Cash Flow | -2.53M | -1.38M | -698.92K | -686.49K | -528.37K | -306.90K |
| Financing Cash Flow | 4.67M | 4.66M | 1.02M | 1.67M | 4.75M | 831.97K |
Northcliff Resources Technical Analysis
Positive
0.34
Price Trends
0.37
Positive
0.34
Positive
0.24
Positive
Market Momentum
>-0.01
Negative
53.22
Neutral
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NCF, the sentiment is Positive. The current price of 0.34 is below the 20-day moving average (MA) of 0.36, below the 50-day MA of 0.37, and above the 200-day MA of 0.24, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.22 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NCF.
Northcliff Resources 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% | |
51 Neutral | C$235.41M | -360.05 | -5.40% | ― | ― | 34.09% | |
47 Neutral | C$147.56M | -15.35 | 170.54% | ― | ― | 34.36% | |
45 Neutral | C$91.89M | -49.21 | -4.27% | ― | ― | 10.13% | |
44 Neutral | C$139.82M | -19.89 | -6.13% | ― | ― | 54.00% | |
43 Neutral | C$80.28M | -36.50 | -12.70% | ― | ― | ― |
* Basic Materials Sector Average
TSE:NCF
Northcliff Resources
0.38
0.34
837.50%
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Power Metals Corp
0.46
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TSE:CCCM
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0.92
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26.03%
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TSE:FPC
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100.00%
Northcliff Resources Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Northcliff Extends $3.5 Million Loan Maturity to Support Sisson Project
Positive
Mar 14, 2026
Northcliff Resources has secured a two-month extension on a $3.5 million loan facility from Todd Sisson (NZ) Limited, pushing the maturity date from March 12, 2026 to May 12, 2026, with all other material terms unchanged. The extension, approved b...
Business Operations and StrategyPrivate Placements and Financing
Northcliff Advances Pre-Construction Work and Financing Talks for Sisson Critical Minerals Project
Positive
Feb 5, 2026
Northcliff Resources is moving its Sisson tungsten-molybdenum project through the pre-construction phase, leveraging more than US$15 million in U.S. Defense Production Act funding and C$8.2 million in Canadian critical minerals support to update i...
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.