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Nexmetals Mining
(NEXM)
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Rating:49Neutral
Price Target:
C$3.00
▼(-7.69% Downside)
Action:Reiterated
Date:05/15/26
The score is primarily constrained by weak financial performance driven by pre-revenue operations, widening losses, and significant ongoing cash burn that increases financing/dilution risk. Technical indicators provide some near-term support (price above 20/50DMA and positive MACD), but the longer-term trend remains negative versus the 100/200DMA. Valuation is also limited because the negative P/E reflects lack of profitability and there is no dividend support.
Positive Factors
Low leverage and sizable equity
Very low debt relative to equity gives the company durable financial flexibility to fund capital-intensive mining development without immediate leverage stress. This reduces near-term insolvency risk and preserves strategic options for financing project milestones over the next several months.
Negative Factors
Heavy and persistent cash burn
Very large negative operating and free cash flows create an enduring dependency on external capital. For a capital-intensive miner this raises the probability of dilutive financings, constrains runway for project milestones, and heightens vulnerability to adverse financing conditions over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and sizable equity
Very low debt relative to equity gives the company durable financial flexibility to fund capital-intensive mining development without immediate leverage stress. This reduces near-term insolvency risk and preserves strategic options for financing project milestones over the next several months.
Read all positive factors
Nexmetals Mining (NEXM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$114.79M
Dividend YieldN/A
Average Volume (3M)86.83K
Price to Earnings (P/E)―
Beta (1Y)1.66
Revenue GrowthN/A
EPS Growth58.93%
CountryCA
Employees204
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-2.11
Shares Outstanding35,648,163
10 Day Avg. Volume105,730
30 Day Avg. Volume86,831
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)1.34
Price to Sales (P/S)0.00
P/FCF Ratio-2.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$12.50Price Target Upside284.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.94
Revenue Forecast (FY)N/A
Nexmetals Mining Business Overview & Revenue Model
Company Description
NexMetals Mining Corp., along with its various subsidiary entities, focuses on the procurement, investigation, and evaluation of mineral properties. These operations span multiple countries, specifically Canada, Barbados, and Botswana. A key asset...
Nexmetals Mining Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
46
Neutral
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -2.02M | -2.07M | -1.58M | -744.78K | -96.54K | -5.00K |
| EBITDA | -52.54M | -50.00M | -37.73M | -29.58M | -15.80M | -3.00M |
| Net Income | -54.48M | -59.09M | -42.42M | -13.32M | -36.41M | -9.36M |
Balance Sheet | ||||||
| Total Assets | 81.09M | 98.52M | 24.95M | 37.97M | 41.66M | 5.24M |
| Cash, Cash Equivalents and Short-Term Investments | 26.22M | 39.78M | 6.11M | 19.25M | 5.16M | 1.99M |
| Total Debt | 1.68M | 1.99M | 19.23M | 19.80M | 9.97M | 0.00 |
| Total Liabilities | 9.39M | 15.57M | 28.40M | 28.23M | 14.47M | 9.56M |
| Stockholders Equity | 71.70M | 82.95M | -3.45M | 9.75M | 27.19M | 41.20M |
Cash Flow | ||||||
| Free Cash Flow | -56.99M | -50.37M | -38.62M | -33.20M | -35.18M | -4.57M |
| Operating Cash Flow | -53.49M | -47.58M | -37.60M | -10.80M | -5.52M | -1.47M |
| Investing Cash Flow | -37.95M | -37.23M | -1.02M | -22.29M | -18.61M | -3.10M |
| Financing Cash Flow | 73.85M | 119.68M | 25.35M | 48.71M | 28.77M | 6.48M |
Nexmetals Mining Risk Analysis
Nexmetals Mining disclosed 48 risk factors in its most recent earnings report. Nexmetals Mining reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
Nexmetals Mining Peers Comparison
UnderperformOutperform
Sector (55)
TSE:NEXM
Nexmetals Mining
3.22
-6.95
-68.34%
TSE:GCU
Gunnison Copper
0.37
0.10
37.04%
TSE:RAK
Rackla Metals
0.15
-0.40
-73.15%
TSE:ADY
Adyton Resources Corporation
0.29
-0.06
-17.39%
TSE:ONYX
Onyx Gold Corp.
1.48
-0.77
-34.22%
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.