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Magna Mining
(TSX:NICU)
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Rating:45Neutral
Price Target:
C$2.50
▲(1.21% Upside)
Action:Reiterated
Date:05/29/26
The score is primarily held down by weak financial performance—negative gross profit, large losses, and significant cash burn despite the recent revenue ramp. Technicals also remain soft with the price below major moving averages and slightly negative momentum. Valuation is constrained by negative earnings (negative P/E) and no dividend support.
Positive Factors
Revenue ramp
The recent rise to $86.4M TTM revenue (+~33% year-over-year) signals material top-line traction versus prior near-zero activity. That revenue scale provides a firmer base to leverage operational improvements, supports project advancement funding options, and increases commercial credibility with partners over the next several quarters.
Negative Factors
Sustained losses
The company reports a materially negative gross profit and about a $52.5M TTM net loss, indicating its cost structure currently cannot be supported by revenue. Persisting negative margins will erode equity, constrain reinvestment, and require structural margin improvement or strategic change to restore long-term viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue ramp
The recent rise to $86.4M TTM revenue (+~33% year-over-year) signals material top-line traction versus prior near-zero activity. That revenue scale provides a firmer base to leverage operational improvements, supports project advancement funding options, and increases commercial credibility with partners over the next several quarters.
Read all positive factors
Magna Mining (NICU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$556.92M
Dividend YieldN/A
Average Volume (3M)688.68K
Price to Earnings (P/E)―
Beta (1Y)2.39
Revenue Growth1703.12%
EPS Growth-415.49%
CountryCA
Employees8
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.24
Shares Outstanding250,864,530
10 Day Avg. Volume1,077,050
30 Day Avg. Volume688,678
Financial Highlights & Ratios
PEG Ratio2.31
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)-0.07
Revenue Forecast (FY)C$115.23M
Magna Mining Business Overview & Revenue Model
Company Description
Magna Mining Inc. is a Canadian firm dedicated to the identification, acquisition, and advancement of mineral resources across the country. The company primarily targets deposits rich in nickel, copper, and platinum group metals (PGMs). Its leadin...
How the Company Makes Money
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Magna Mining Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
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
2.27
Negative
2.36
Negative
2.64
Negative
Market Momentum
0.02
Positive
47.89
Neutral
11.08
Positive
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 2.25, above the 50-day MA of 2.27, and below the 200-day MA of 2.64, indicating a bearish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 47.89 is Neutral, neither overbought nor oversold. The STOCH value of 11.08 is Positive, 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% | |
51 Neutral | C$848.54M | -53.46 | -6.23% | ― | ― | -1.57% | |
50 Neutral | C$1.00B | -47.11 | -30.68% | ― | ― | -65.04% | |
47 Neutral | C$797.88M | -10.25 | -85.35% | ― | ― | -66.81% | |
46 Neutral | C$531.49M | -51.27 | -5.11% | ― | ― | -455.88% | |
45 Neutral | C$556.92M | -9.06 | -54.38% | ― | 1703.12% | -415.49% | |
45 Neutral | C$670.74M | -122.22 | -2.34% | ― | ― | 20.78% |
* Basic Materials Sector Average
TSE:NICU
Magna Mining
2.22
0.43
24.02%
TSE:WRN
Western Copper
2.97
1.19
66.85%
TSE:FVL
Freegold Ventures
0.92
-0.27
-22.69%
TSE:NCX
NorthIsle Copper and Gold
3.02
1.87
162.61%
TSE:TLG
Troilus Gold Corp
1.53
0.86
128.36%
TSE:ARA
Aclara Resources, Inc.
3.50
2.00
133.33%
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...
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.