Magna Mining (TSE:NICU)
:NICU
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Magna Mining
(NICU)
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Rating:44Neutral
Price Target:
C$2.50
▲(1.21% Upside)
Action:Reiterated
Date:04/22/26
The score is primarily held back by weak financial performance—negative gross profit, sizable operating losses, and significant cash burn—despite a notable 2025 revenue ramp and a comparatively supportive equity-heavy balance sheet. Technically, the stock trades below key longer-term moving averages with a negative MACD, and valuation remains constrained by losses (negative P/E).
Positive Factors
Revenue ramp
A substantial 2025 revenue increase demonstrates successful commercialization progress for projects and improving market traction. Over the next 2-6 months this revenue base supports scaling, provides data to optimize operations, and underpins potential future margin improvement as fixed costs are spread.
Negative Factors
Negative gross profit & large losses
Persistent negative gross profit and sizable operating losses indicate the business has not yet achieved cost-efficient operations. Continued losses will erode equity and require corrective operational improvements or sustained external funding to avoid capital depletion over 2-6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue ramp
A substantial 2025 revenue increase demonstrates successful commercialization progress for projects and improving market traction. Over the next 2-6 months this revenue base supports scaling, provides data to optimize operations, and underpins potential future margin improvement as fixed costs are spread.
Read all positive factors
Magna Mining (NICU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$601.67M
Dividend YieldN/A
Average Volume (3M)688.68K
Price to Earnings (P/E)―
Beta (1Y)2.36
Revenue GrowthN/A
EPS Growth41.21%
CountryCA
Employees179,446
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.07
Shares Outstanding250,697,810
10 Day Avg. Volume1,077,050
30 Day Avg. Volume688,678
Financial Highlights & Ratios
PEG Ratio2.32
Price to Book (P/B)6.23
Price to Sales (P/S)9.46
P/FCF Ratio-14.33
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)0.02
Revenue Forecast (FY)C$122.20M
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
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Magna Mining Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
58
Neutral
Cash Flow
27
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 64.97M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -2.08M | -106.21K | -504.18K | -19.85M | -15.82K |
| EBITDA | -7.63M | -15.99M | -12.60M | -21.85M | -6.73M |
| Net Income | -16.98M | -16.27M | -9.86M | -22.00M | -6.76M |
Balance Sheet | |||||
| Total Assets | 193.92M | 39.57M | 12.77M | 7.70M | 6.99M |
| Cash, Cash Equivalents and Short-Term Investments | 55.90M | 17.58M | 10.93M | 6.18M | 5.68M |
| Total Debt | 15.90M | 46.06K | 42.05K | 60.87K | 78.17K |
| Total Liabilities | 95.25M | 4.53M | 5.43M | 5.07M | 2.24M |
| Stockholders Equity | 98.67M | 35.04M | 7.33M | 2.62M | 4.75M |
Cash Flow | |||||
| Free Cash Flow | -42.90M | -17.83M | -10.62M | -18.48M | -5.81M |
| Operating Cash Flow | -35.10M | -17.81M | -10.58M | -18.17M | -5.77M |
| Investing Cash Flow | -12.21M | -186.54K | -74.55K | -307.01K | 320.00K |
| Financing Cash Flow | 85.67M | 24.64M | 15.37M | 18.97M | 9.61M |
Magna Mining Technical Analysis
Negative
2.47
Price Trends
2.36
Positive
2.78
Negative
2.66
Negative
Market Momentum
0.02
Negative
49.83
Neutral
34.66
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 2.47 is above the 20-day moving average (MA) of 2.38, above the 50-day MA of 2.36, and below the 200-day MA of 2.66, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 49.83 is Neutral, neither overbought nor oversold. The STOCH value of 34.66 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | C$937.14M | -46.07 | -6.23% | ― | ― | 29.62% | |
50 Neutral | C$839.34M | -73.38 | -2.34% | ― | ― | 20.78% | |
47 Neutral | C$928.78M | -28.80 | -47.15% | ― | ― | -21.97% | |
47 Neutral | C$996.05M | -14.29 | -110.60% | ― | ― | -69.61% | |
46 Neutral | C$623.92M | -558.13 | -5.11% | ― | ― | -455.88% | |
44 Neutral | C$601.67M | -5.93 | -18.01% | ― | ― | 41.21% |
* General Sector Average
TSE:NICU
Magna Mining
2.40
0.95
66.09%
TSE:WRN
Western Copper
3.72
2.10
129.63%
TSE:FVL
Freegold Ventures
1.08
0.08
8.00%
TSE:NCX
NorthIsle Copper and Gold
2.80
2.10
300.00%
TSE:TLG
Troilus Gold Corp
1.91
1.29
208.06%
TSE:ARA
Aclara Resources, Inc.
4.26
3.54
491.67%
Magna Mining Corporate Events
Business Operations and Strategy
Magna Mining Reports High-Grade Levack Drill Hits as It Advances Toward Potential 2026 Restart
Positive
Apr 14, 2026
Magna Mining reported new high-grade drill results from the R2 Footwall Zone at its past-producing Levack Mine in Sudbury, including copper-rich massive sulphide veins with notable nickel, platinum group metals and silver values over downhole inte...
Business Operations and StrategyRegulatory Filings and Compliance
Magna Mining Files NI 43-101 Technical Report for McCreedy West Mine
Positive
Apr 2, 2026
Magna Mining Inc. has filed an independent NI 43-101 technical report for its McCreedy West Mine in Sudbury, Ontario, formalizing the mineral reserve and resource estimates that underpin its flagship producing asset. The report, prepared by SGS Ca...
Business Operations and StrategyFinancial Disclosures
Magna Mining Sets Initial McCreedy West Reserves, Backing Three-Year Output Plan
Positive
Feb 18, 2026
Magna Mining has reported initial mineral reserves for its McCreedy West Mine in Sudbury, outlining 987,000 tonnes of probable reserves grading 1.59% copper, 0.32% nickel and associated platinum group and precious metals in the 700 and PM Copper-P...
Business Operations and Strategy
Magna Mining Extends High-Grade Footwall Mineralization at Levack Mine
Positive
Feb 18, 2026
Magna Mining has reported further high-grade drill results from the footwall environment at the past-producing Levack Mine in Sudbury, with recent holes targeting the R2 Footwall Zone and other priority areas. The company continues to encounter mu...
Business Operations and StrategyFinancial Disclosures
Magna Mining Sets 2026 Output Targets as Sudbury Mine Restart Plans Advance
Positive
Feb 5, 2026
Magna Mining has issued its 2026 operational guidance, forecasting payable copper-equivalent production of 16–18 million pounds from the 700 Copper Zone at its McCreedy West Mine, with cash costs guided at US$3.40–3.80 per pound CuEq a...
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.