Magna Mining (NICU) AI Stock Analysis

• Market Cap: C$864.35M
• Dividend Yield: N/A
• Average Volume (3M): 688.68K
• Price to Earnings (P/E): 133.6
• Beta (1Y): 2.09
• 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

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.

Expanded equity base / sizeable assets

A materially expanded equity base and substantial asset base create a longer runway to fund exploration and brownfield work without immediate reliance on debt. This structural capital strength attracts partners and underpins multi-month project development and permitting activities.

Revenue scale and positive net income

A clear step-up in revenue to $39.2M and a return to positive net income signal progressing commercial operations. Sustained scale and repeated profitability would support reinvestment and reduced financing needs, indicating a pathway to durable earnings if cost structure normalizes.

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.

Weak profitability quality

Negative gross profit implies production or direct costs exceed sales and deeply negative EBIT points to heavy depreciation or operating burden. These structural margin issues undermine the durability of reported net income and suggest core operations may not yet be profit-generating.

Operating volatility / execution risk

Volatile operating results after a history of losses increase the likelihood that future setbacks could erode equity despite low current leverage. In mining, execution risks (capex overruns, permitting, commodity swings) can force repeated financings and delay value realization over a multi-month horizon.

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

Balance sheet strength is a key positive (low leverage with debt-to-equity ~0.13 and expanded equity base), but operating quality and cash generation are weak. TTM net income turned positive, yet gross profit is negative and EBIT is deeply negative, while operating cash flow (-33.0M) and free cash flow (-39.3M) remain materially negative, implying ongoing funding/execution risk until cash flow improves.

Income Statement

TTM (Trailing-Twelve-Months) shows a meaningful step-up in scale with revenue of 39.2M and strong reported revenue growth, and net income turned positive (4.2M) after multiple annual periods of losses. However, profitability quality is mixed: gross profit is negative (suggesting costs exceeded sales), and operating results show sizable pressure (EBIT is deeply negative despite positive EBITDA), pointing to heavy depreciation/other charges and/or elevated operating burden. Overall, the company is improving from a loss-making base, but earnings durability looks uncertain.

Balance Sheet

Leverage looks conservative with low debt relative to equity (debt-to-equity ~0.13 TTM (Trailing-Twelve-Months)), and equity has expanded materially versus prior years, supporting a stronger capital base. Total assets are sizeable (212.7M) and the TTM return on equity is positive, a notable change from historically negative returns. The key weakness is that the business is still working through volatile operating performance, which can strain the balance sheet over time if losses re-emerge.

Cash Flow

Cash generation remains the primary concern: TTM (Trailing-Twelve-Months) operating cash flow is materially negative (-33.0M) and free cash flow is also negative (-39.3M), indicating the business is consuming cash rather than funding itself internally. While free cash flow growth is shown as improving versus the prior period, the absolute level is still deeply negative, implying ongoing funding needs and heightened execution risk until operating cash flow sustainably turns positive.

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	9.62M	-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

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NICU, the sentiment is Neutral. The current price of 3.48 is below the 20-day moving average (MA) of 3.53, above the 50-day MA of 3.11, and above the 200-day MA of 2.33, indicating a neutral trend. The MACD of 0.12 indicates Positive momentum. The RSI at 52.26 is Neutral, neither overbought nor oversold. The STOCH value of 27.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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%
FVL	56 Neutral	C$891.24M	-780.00	-0.62%	―	―	41.18%
NICU	55 Neutral	C$864.35M	133.59	6.21%	―	―	―
WRN	52 Neutral	C$903.19M	-237.77	-1.92%	―	―	41.98%
NCX	51 Neutral	C$887.09M	-88.63	-31.51%	―	―	11.83%
ARA	51 Neutral	C$868.94M	-59.58	-5.88%	―	―	29.62%
TLG	49 Neutral	C$957.98M	-14.44	-231.13%	―	―	-53.49%

Magna Mining Corporate Events

Magna Mining Caps 2025 With Strong Q4 Output and Higher Grades at McCreedy West

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 as significantly improved precious metals grades. The company has fully transitioned underground development to in-house crews, expanded diamond drilling by 91% to 29,334 feet to support current production and long-term planning, and used the stronger operational performance to remove low-grade stopes from its mine plan, positioning McCreedy West for improved margins and operational flexibility amid robust copper prices and a rebound in nickel, while a life-of-mine plan and maiden reserve estimate are expected shortly.

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 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.