NorthIsle Copper and Gold (NCX) AI Stock Analysis

• Market Cap: C$770.37M
• Dividend Yield: N/A
• Average Volume (3M): 444.75K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.95
• Revenue Growth: N/A
• EPS Growth: 11.83%
• Country: CA
• Employees: 10
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 291,806,950
• 10 Day Avg. Volume: 374,129
• 30 Day Avg. Volume: 444,749
• PEG Ratio: -0.22
• Price to Book (P/B): 6.33
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -11.65
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: C$2.50 ▼(-1.57% Downside)

The score is primarily constrained by weak financial performance—no revenue, ongoing losses, and significant cash burn implying continued financing needs—despite a low-debt balance sheet. Technicals are supportive with strong trend momentum, but overbought signals raise near-term pullback risk. Valuation is also a headwind given negative earnings (negative P/E) and no dividend support.

Positive Factors

Low leverage / balance sheet strength

Very low leverage lowers refinancing risk and gives the company flexibility to pursue multi-year exploration and permitting without immediate debt pressure. For a development-stage miner, this durable capital structure reduces bankruptcy risk and supports project de‑risking timelines.

Improved capital base (equity & assets)

An expanded equity and asset base in the TTM period strengthens the company’s ability to fund drilling, technical studies and permitting, and improves bargaining power for joint ventures. This sustained capital base reduces the pace at which financing must be raised, lowering immediate dilution pressure.

Focused project pipeline and development activity

A clear, concentrated focus on the North Island Project (Hushamu and Red Dog) with active drilling, resource definition and permitting is a durable structural strength. Continued technical and permitting progress de‑risks the asset over months and improves prospects for strategic partnerships or development decisions.

Negative Factors

No revenue / pre-production profile

Absence of revenue and negative gross profit indicate no operating cash generation potential until project commercialization. Over a multi-month horizon this leaves the company dependent on external capital and creates a core execution and solvency risk typical of pre‑production miners.

Persistent negative cash flow and cash burn

Consistent negative operating and free cash flow shows real cash outflows matching net losses. This durable cash burn necessitates further financing, increasing dilution risk and creating funding‑timing risk that can delay drilling, technical studies or permitting progress over the coming months.

Sharply negative returns on equity

Sharply negative ROE and widening net losses signal poor capital efficiency and erosion of shareholder value. Persistently negative returns constrain the company’s ability to attract non‑dilutive partners, and raise the probability of dilutive equity raises that further impact long‑term investor returns.

NorthIsle Copper and Gold Business Overview & Revenue Model

Company Description

NorthIsle Copper and Gold Inc. engages in the exploration and development of mineral properties in Canada. The company explores for copper, gold, molybdenum, and rhenium deposits. Its principal property is the North Island project consisting of approximately 34,000 hectares located on Northern Vancouver Island, British Columbia. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.

How the Company Makes Money

NorthIsle Copper and Gold Inc. generates revenue primarily through the exploration and development of its North Island Project, which encompasses several mineralized zones with copper and gold deposits. The company makes money by advancing these projects towards feasibility and production stages, ultimately seeking to extract and sell copper and gold. Key revenue streams include potential future sale of these metals, partnerships, and joint ventures with other mining companies, as well as potential royalties and off-take agreements. Additionally, the company may engage in strategic partnerships and financing activities to fund its exploration and development efforts.

NorthIsle Copper and Gold Financial Statement Overview

Summary

Development-stage profile with no revenue and persistent, widening net losses; cash flow is a major pressure point with consistently negative operating and free cash flow, implying ongoing funding needs. Balance sheet leverage is very low, which helps reduce refinancing risk, but negative returns and dilution risk remain key concerns.

Income Statement

Across annual periods and TTM (Trailing-Twelve-Months), the company reports no revenue and consistently negative gross profit, reflecting a pre-production profile. Losses have widened materially versus earlier years (net loss roughly -$1.2M in 2020 vs. about -$9.5M in 2024 and about -$9.1M TTM), indicating a higher burn rate and limited evidence of operating leverage so far. The main positive is that losses are broadly in line with a development-stage miner, but profitability and revenue visibility remain key gaps.

Balance Sheet

Leverage is very low, with minimal debt relative to equity (debt-to-equity ~0.01 in 2024 and ~0.003 in TTM), which reduces refinancing risk. However, returns on equity are sharply negative (about -56% in 2024 and about -39% TTM), consistent with ongoing losses. Equity and assets increased significantly in TTM versus 2024, improving the capital base, but the core weakness remains value dilution risk if losses continue without revenue generation.

Cash Flow

Cash generation remains weak: operating cash flow and free cash flow are consistently negative (about -$9.1M in 2024 and about -$10.7M TTM). Free cash flow moved further negative in TTM versus 2024, even though the reported free-cash-flow growth rate shows a rebound versus some prior periods. Cash burn is generally tracking the net loss (free cash flow to net income ~1.0–1.02), which suggests losses are translating into real cash outflows rather than being cushioned by non-cash items.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-38.70K	-7.41K	-5.54M	-62.52K	-62.52K	0.00
EBITDA	-11.34M	―	-7.47M	-7.60M	-5.29M	-1.24M
Net Income	-9.05M	-9.51M	-5.35M	-6.66M	-5.23M	-1.19M
Balance Sheet
Total Assets	50.68M	20.08M	18.00M	16.72M	16.64M	13.04M
Cash, Cash Equivalents and Short-Term Investments	39.36M	9.48M	7.54M	5.89M	5.90M	2.94M
Total Debt	136.53K	170.60K	0.00	0.00	0.00	0.00
Total Liabilities	5.30M	3.24M	1.38M	3.08M	813.56K	162.31K
Stockholders Equity	45.38M	16.84M	16.62M	13.64M	15.83M	12.88M
Cash Flow
Free Cash Flow	-10.72M	-9.15M	-6.51M	-7.23M	-5.66M	-556.76K
Operating Cash Flow	-10.48M	-9.15M	-6.51M	-7.23M	-5.52M	-556.76K
Investing Cash Flow	-239.29K	0.00	0.00	108.17K	-391.74K	0.00
Financing Cash Flow	46.71M	11.08M	8.17M	7.21M	8.76M	3.12M

NorthIsle Copper and Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.54
• 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:NCX, the sentiment is Positive. The current price of 2.54 is below the 20-day moving average (MA) of 3.05, below the 50-day MA of 2.58, and above the 200-day MA of 1.56, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 42.29 is Neutral, neither overbought nor oversold. The STOCH value of 10.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NCX.

NorthIsle Copper and Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ALDE	60 Neutral	C$594.81M	-66.10	-6.72%	―	―	-572.97%
MNO	52 Neutral	C$661.44M	-18.31	-62.98%	―	―	-23.64%
NCX	49 Neutral	C$770.37M	-76.97	-31.51%	―	―	11.83%
WRN	49 Neutral	C$876.92M	-230.85	-1.92%	―	―	41.98%
UCU	49 Neutral	C$937.87M	-21.58	-75.16%	―	―	-58.77%
GQC	48 Neutral	C$758.50M	-105.24	-38.72%	―	―	-130.77%

NorthIsle Copper and Gold Corporate Events

Northisle Maps Out 2026 PFS-Driven Growth Plan After Transformational Year at North Island

Northisle Copper and Gold has outlined a 2026 execution plan centered on advancing its North Island Project toward a pre-feasibility study, following what it describes as a transformational 2025 marked by its largest-ever field program. The company confirmed copper-gold mineralization at the Cougar target between its Northwest Expo and Red Dog deposits, extended mineralization at West Goodspeed over a 1.2-kilometre strike, completed 20,297 metres of exploration and infill drilling, and secured key milestones including an updated economic assessment, major financing, expanded baseline environmental studies and a favourable BC Hydro interconnection review. For 2026, Northisle plans metallurgical test work, an integrated resource update, further infill and extension drilling across the district and regional targets, and the delivery of North Island pre-feasibility results, while emphasizing strengthened technical leadership and continued collaboration with First Nations, governments and local communities as it pursues growth and consolidates its position in a premier copper-gold camp.

The most recent analyst rating on (TSE:NCX) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on NorthIsle Copper and Gold stock, see the TSE:NCX Stock Forecast page.

Northisle Expands West Goodspeed Mineralization Footprint in 2025 Drilling Campaign

Northisle Copper and Gold Inc. has announced significant progress in its 2025 exploration campaign at the West Goodspeed target, part of the North Island Project. The drilling results have expanded the mineralization footprint to over 1.2 kilometers in strike length, confirming broad zones of copper-gold porphyry mineralization with high-grade intervals. This expansion supports the company’s pre-feasibility study plans and enhances understanding of mineralization controls, potentially impacting future project development and stakeholder interests.