Magna Mining (TSE:NICU)
:NICU
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Magna Mining
(NICU)
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Rating:55Neutral
Price Target:
C$3.50
▲(56.95% Upside)
Action:UpgradedDate:12/30/25
The score is held back primarily by weak cash generation (materially negative operating and free cash flow) and mixed underlying profitability signals despite positive net income. A low-leverage balance sheet and improving scale help offset this, and technicals are supportive with the stock trading above key moving averages. Valuation remains a risk given the very high P/E and lack of dividend support.
Positive Factors
Low leverage / strong balance sheet
Debt-to-equity around 0.13 and a sizeable total asset base provide durable financial flexibility for a capital-intensive miner. Low leverage reduces short-term refinancing pressure, supports project spending, and lowers bankruptcy risk while management advances development milestones over months.
Negative Factors
Materially negative cash generation
Substantially negative operating and free cash flow means the company is consuming cash and requires external funding to sustain development. Over multiple months this raises dilution risk, constrains discretionary spending, and increases the chance of project delays if cash generation does not turn positive.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Debt-to-equity around 0.13 and a sizeable total asset base provide durable financial flexibility for a capital-intensive miner. Low leverage reduces short-term refinancing pressure, supports project spending, and lowers bankruptcy risk while management advances development milestones over months.
Read all positive factors
Magna Mining (NICU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$539.75M
Dividend YieldN/A
Average Volume (3M)688.68K
Price to Earnings (P/E)―
Beta (1Y)2.22
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees179,446
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.05
Shares Outstanding249,883,150
10 Day Avg. Volume1,077,050
30 Day Avg. Volume688,678
Financial Highlights & Ratios
PEG Ratio-0.26
Price to Book (P/B)6.63
Price to Sales (P/S)0.00
P/FCF Ratio-13.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$6.50Price Target Upside191.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.01
Revenue Forecast (FY)C$120.20M
Magna Mining Business Overview & Revenue Model
Company Description
Magna Mining Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for nickel, copper, and platinum group metal deposits. Its flagship property is 100% owned the Shakespeare M...
How the Company Makes Money
Magna Mining generates revenue through the exploration and eventual production of nickel, copper, and platinum group metals. The company identifies and develops mineral-rich properties, advancing them from exploration to production stages. Revenue...
Magna Mining Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
73
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -8.86M | -106.21K | -504.18K | -19.85M | -15.82K | -2.62K |
| EBITDA | 9.62M | -15.99M | -12.60M | -21.85M | -6.73M | -1.22M |
| Net Income | 4.24M | -16.27M | -9.86M | -22.00M | -6.76M | -1.08M |
Balance Sheet | ||||||
| Total Assets | 212.66M | 39.57M | 12.77M | 7.70M | 6.99M | 2.74M |
| Cash, Cash Equivalents and Short-Term Investments | 63.12M | 17.58M | 10.93M | 6.18M | 5.68M | 1.52M |
| Total Debt | 15.30M | 46.06K | 42.05K | 60.87K | 78.17K | 27.47K |
| Total Liabilities | 94.67M | 4.53M | 5.43M | 5.07M | 2.24M | 1.58M |
| Stockholders Equity | 117.98M | 35.04M | 7.33M | 2.62M | 4.75M | 1.17M |
Cash Flow | ||||||
| Free Cash Flow | -39.30M | -17.83M | -10.62M | -18.48M | -5.81M | -396.44K |
| Operating Cash Flow | -32.97M | -17.81M | -10.58M | -18.17M | -5.77M | -395.06K |
| Investing Cash Flow | -10.73M | -186.54K | -74.55K | -307.01K | 320.00K | -1.38K |
| Financing Cash Flow | 101.98M | 24.64M | 15.37M | 18.97M | 9.61M | 1.75M |
Magna Mining Technical Analysis
Negative
2.23
Price Trends
2.89
Negative
2.88
Negative
2.56
Negative
Market Momentum
-0.21
Negative
40.11
Neutral
45.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NICU, the sentiment is Negative. The current price of 2.23 is below the 20-day moving average (MA) of 2.42, below the 50-day MA of 2.89, and below the 200-day MA of 2.56, indicating a bearish trend. The MACD of -0.21 indicates Negative momentum. The RSI at 40.11 is Neutral, neither overbought nor oversold. The STOCH value of 45.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NICU.
Magna Mining 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% | |
56 Neutral | C$687.67M | -1,156.86 | -0.60% | ― | ― | 41.18% | |
55 Neutral | C$539.75M | -13.15 | 5.41% | ― | ― | ― | |
51 Neutral | C$1.02B | -35.22 | -39.41% | ― | ― | 11.83% | |
48 Neutral | C$723.75M | -39.57 | -5.47% | ― | ― | 29.62% | |
44 Neutral | C$800.98M | -236.09 | -1.92% | ― | ― | 41.98% | |
41 Neutral | C$829.17M | -14.29 | -110.60% | ― | ― | -53.49% |
* Basic Materials Sector Average
TSE:NICU
Magna Mining
2.16
0.69
46.94%
TSE:WRN
Western Copper
3.55
2.04
135.10%
TSE:FVL
Freegold Ventures
1.20
0.40
50.00%
TSE:NCX
NorthIsle Copper and Gold
3.07
2.37
338.57%
TSE:TLG
Troilus Gold Corp
1.59
1.17
274.12%
TSE:ARA
Aclara Resources, Inc.
3.29
2.79
558.00%
Magna Mining Corporate Events
Business Operations and StrategyFinancial Disclosures
Magna Mining Caps 2025 With Strong Q4 Output and Higher Grades at McCreedy West
Positive
Jan 20, 2026
Magna Mining reported that its McCreedy West Mine delivered a strong finish to 2025, with fourth-quarter output of 84,953 tons of ore from the 700 Copper Zone, marking a 13% increase over the previous quarter and higher grades for copper as well a...
Business Operations and Strategy
Magna Mining Extends High-Grade Copper and Precious Metal Veins at Levack’s R2 Target
Positive
Jan 17, 2026
Magna Mining has reported further high-grade copper and precious metal intersections from four diamond drill holes at the R2 target of the past-producing Levack Mine in Sudbury, with multiple narrow veins returning up to 25.0% copper, strong plati...
Business Operations and Strategy
Magna Mining Launches Pre-Feasibility Study for Crean Hill Nickel-Copper-PGM Project
Positive
Jan 17, 2026
Magna Mining has engaged Technica Mining to complete a pre-feasibility study on its 100%-owned Crean Hill nickel-copper-precious metals project in Sudbury, with work starting in January 2026 and targeted for completion in the third quarter of 2026...
Business Operations and StrategyRegulatory Filings and Compliance
Magna Mining Files NI 43-101 Technical Report for Levack Mine Resource Estimate
Positive
Jan 17, 2026
Magna Mining Inc. has filed an independent NI 43-101 compliant technical report on the mineral resource estimate for its Levack Mine Property in Sudbury, prepared by Orix Geoscience Inc. and now available on SEDAR+. The filing formalizes and suppo...
Business Operations and StrategyExecutive/Board Changes
Magna Mining Grants RSUs and Stock Options Under Omnibus Equity Plan
Positive
Jan 17, 2026
Magna Mining Inc. has granted a package of security-based compensation to its officers, consisting of 325,000 restricted share units that fully vest after three years and 857,800 stock options with staged vesting over two years and a five-year ter...
Business Operations and StrategyFinancial Disclosures
Magna Mining Reports Q3 2025 Financial Results Amid Operational Challenges
Neutral
Nov 25, 2025
Magna Mining Inc. reported its third quarter 2025 financial results, highlighting a challenging period due to operational disruptions. Despite setbacks from equipment failures and power delays, the company processed 75,215 tons of ore, producing 2...
Business Operations and Strategy
Magna Mining Announces Significant Resource Estimate for Levack Mine
Positive
Nov 18, 2025
Magna Mining Inc. has announced a significant mineral resource estimate for its Levack Mine in Sudbury, Ontario, highlighting both footwall-type and contact-type deposits rich in copper, nickel, and precious metals. The estimate confirms substanti...
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.