Magna Mining (NICU) AI Stock Analysis

• Market Cap: C$911.82M
• Dividend Yield: N/A
• Average Volume (3M): 688.68K
• Price to Earnings (P/E): 136.3
• Beta (1Y): 2.12
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 179,446
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.05
• Shares Outstanding: 249,813,000
• 10 Day Avg. Volume: 1,077,050
• 30 Day Avg. Volume: 688,678
• 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 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: 55 Neutral
• Price Target: C$3.50 ▲(0.57% Upside)

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

Conservative Leverage

A very low debt-to-equity ratio provides durable financial flexibility, lowering interest burden and reducing solvency risk during cyclical commodity downturns. This conservatism supports longer project timelines and improves the company’s ability to raise project finance on reasonable terms.

Sizeable Asset Base & Positive ROE

A substantial asset base combined with a positive TTM ROE signals a step-up in operational scale and a stronger capital platform. This enhances collateral for project financing and underpins medium-term development plans, improving lender and investor confidence for multi-month project execution.

Brownfield, Past-Producing Focus

Concentrating on past-producing and brownfield assets reduces exploration risk and often shortens permitting and infrastructure lead times. This business model can materially improve capital efficiency and accelerate paths toward production compared with greenfield exploration over a 2-6 month development horizon.

Negative Factors

Material Cash Burn

Persistently negative operating and free cash flow indicate the business consumes cash rather than self-funds growth, creating durable financing needs. Continued cash burn elevates dilution risk, constrains capex choices, and increases dependence on external capital until operations generate sustained positive cash flow.

Weak Profitability Quality

Negative gross profit and deeply negative EBIT despite reported net income point to weak underlying unit economics or heavy non-operating/non-cash items. This raises durable concerns about margin sustainability and whether reported earnings will convert to recurring, cash-generative operating profits.

Ongoing Funding & Execution Risk

The combination of volatile operating performance and negative cash flow creates lasting execution risk: the company may need further capital infusions, which can dilute equity and delay projects. If operating performance deteriorates, the low-leverage position could still be strained by renewed losses.

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 Mine consisting of 29 patented claims, three leased claims, and 787 mining claims covering an area of 18,178 hectares located in Sudbury, Canada. Magna Mining Inc. was founded in 2016 is based in Dowling, Canada.

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 is primarily derived from the sale of extracted minerals to global markets, leveraging fluctuating commodity prices to maximize profits. Strategic partnerships and joint ventures with other mining companies or investors may also contribute to its revenue stream by sharing development costs and expanding operational capabilities. As the company progresses its projects, it aims to enhance shareholder value through increased production capacity and potential discovery of additional mineral resources.

Magna Mining Financial Statement Overview

Summary

Magna Mining faces significant financial challenges, with no revenue generation and continuous losses across all major financial metrics. While the balance sheet shows improving equity and low leverage, the cash flow situation remains concerning, with persistent negative free cash flows and high reliance on financing.

Income Statement

The company has consistently reported zero revenues over multiple periods, indicating a lack of commercial operations or sales. This results in negative gross profit, EBIT, and net income, highlighting significant operational challenges. The absence of revenue growth further exacerbates the financial distress.

Balance Sheet

The company's equity has shown improvement over time, with stockholders' equity rising significantly. However, the debt-to-equity ratio is low, which is positive, but the overall negative net income impacts return on equity adversely. The high equity ratio is a strength, indicating a low level of leverage, but the lack of revenue generation poses a long-term risk to financial stability.

Cash Flow

The company is experiencing persistent negative free cash flows and operating cash flows, pointing to ongoing cash burn without corresponding cash inflows from operations. Financing cash flow is positive, indicating reliance on external funding to sustain operations, which may not be sustainable long-term.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	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	9.93M	-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

• Technical Analysis Sentiment: Positive
• Last Price: 3.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NICU, the sentiment is Positive. The current price of 3.48 is above the 20-day moving average (MA) of 3.12, above the 50-day MA of 2.81, and above the 200-day MA of 2.19, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 65.50 is Neutral, neither overbought nor oversold. The STOCH value of 81.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NICU.

Magna Mining 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%
NICU	55 Neutral	C$911.82M	136.29	6.21%	―	―	―
OM	54 Neutral	C$649.32M	-22.03	-19.38%	―	―	-57.63%
MNO	52 Neutral	C$611.21M	-17.15	-62.98%	―	―	-23.64%
SFR	48 Neutral	C$358.17M	-12.11	―	―	―	-42.50%
REG	37 Underperform	C$562.12M	-131.21	-6.29%	―	―	-67.96%

Magna Mining Corporate Events

Magna Mining Extends High-Grade Copper and Precious Metal Veins at Levack’s R2 Target

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 platinum, palladium, gold and silver grades, and mineralization now traced over a vertical extent greater than 200 metres. Management says the results extend known mineralization at depth and along different orientations, reinforce the interpretation of R2 as part of a regionally significant footwall copper–precious metals system associated with major nearby deposits, and support continued drilling to better define and potentially expand this emerging high-grade target, which could be strategically important to the long-term development potential of the Levack property.

The most recent analyst rating on (TSE:NICU) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Magna Mining stock, see the TSE:NICU Stock Forecast page.

Magna Mining Launches Pre-Feasibility Study for Crean Hill Nickel-Copper-PGM Project

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. The study will refine and update the robust economics outlined in the 2024 preliminary economic assessment, which envisioned a 13-year underground mine life, low pre-production capital requirements, rapid payback and sales to a third-party Sudbury mill, and will incorporate data from a 20,000-tonne bulk sample and recent engineering work on grid power and permanent dewatering. Conducted in parallel with a PEA on Magna’s Levack Mine, the Crean Hill pre-feasibility marks a key step toward a construction decision and underscores the company’s plan to establish itself as a multi-mine producer in the Sudbury Basin, potentially enhancing its production profile and strengthening its position in the regional nickel-copper-precious metals market.

The most recent analyst rating on (TSE:NICU) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Magna Mining stock, see the TSE:NICU Stock Forecast page.

Magna Mining Files NI 43-101 Technical Report for Levack Mine Resource Estimate

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 supports the previously announced resource estimate for Levack, reinforcing the project’s role within Magna’s broader Sudbury portfolio and providing a technical foundation for future exploration, development planning and potential value creation for shareholders across its pipeline of past-producing assets.

The most recent analyst rating on (TSE:NICU) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Magna Mining stock, see the TSE:NICU Stock Forecast page.

Magna Mining Grants RSUs and Stock Options Under Omnibus Equity Plan

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 term at an exercise price of $2.97 per share. The awards, issued under the company’s shareholder-approved omnibus equity incentive plan that caps total security-based compensation at 10% of outstanding shares, are designed to align management incentives with long-term shareholder value and support the company’s strategic growth and development of its Sudbury-area base and precious metals assets.

The most recent analyst rating on (TSE:NICU) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Magna Mining stock, see the TSE:NICU Stock Forecast page.

Magna Mining Reports Q3 2025 Financial Results Amid Operational Challenges

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 2.7 million pounds of copper equivalent. Magna increased its capital expenditures significantly to enhance asset reliability and underground development, aiming to improve production flexibility and profitability in 2026. The company ended the quarter with a strong cash position and is optimistic about meeting its Q4 sales guidance while continuing to explore new deposits.

The most recent analyst rating on (TSE:NICU) stock is a Buy with a C$4.70 price target. To see the full list of analyst forecasts on Magna Mining stock, see the TSE:NICU Stock Forecast page.

Magna Mining Announces Significant Resource Estimate for Levack Mine

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 substantial mineralization, with potential for expansion and development using existing infrastructure. This milestone positions Levack as Magna’s flagship project, with plans for a Preliminary Economic Assessment and further exploration efforts in 2026, aiming to restart production and explore new deposits.

The most recent analyst rating on (TSE:NICU) stock is a Buy with a C$4.70 price target. To see the full list of analyst forecasts on Magna Mining stock, see the TSE:NICU Stock Forecast page.

Magna Mining Unveils Promising Assay Results at Levack Mine

Magna Mining has reported significant assay results from its ongoing exploration at the Levack Mine in Sudbury, Ontario. The latest drillhole, FNX6083-W2, revealed multiple high-grade mineralized intervals, including copper-rich chalcopyrite and nickel-rich pyrrhotite-pentlandite veins. These findings suggest the presence of a complex mineralization system and highlight the potential for further discoveries in the R2 target area. The company is actively refining its geological model and continues to drill to define the extent of mineralization, which could enhance its position in the mining industry and offer promising opportunities for stakeholders.

The most recent analyst rating on (TSE:NICU) stock is a Buy with a C$4.70 price target. To see the full list of analyst forecasts on Magna Mining stock, see the TSE:NICU Stock Forecast page.

Magna Mining Reports Increased Q3 Production Amid Operational Challenges

Magna Mining Inc. reported its Q3 2025 production results from the McCreedy West Mine, highlighting a production of 75,173 tons of ore with significant grades of copper, nickel, and other precious metals. Despite unexpected operational setbacks, including a compressed air system failure and power delays, the company achieved a 7.3% increase in ore production over Q2, and a 24% increase in underground development. The company is focused on improving asset reliability and preparing for a strong 2026, while transitioning from an exploration and development firm to a sustainable mining operator.

The most recent analyst rating on (TSE:NICU) stock is a Buy with a C$4.70 price target. To see the full list of analyst forecasts on Magna Mining stock, see the TSE:NICU Stock Forecast page.