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Nine Mile Metals Ltd
(NINE)
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Rating:49Neutral
Price Target:
C$0.08
▼(-55.88% Downside)
Action:Reiterated
Date:07/03/26
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and persistent cash burn), partially offset by a low-debt balance sheet. Technicals are moderately supportive with improving short-term trend and neutral momentum, while valuation is constrained by negative earnings and no dividend yield.
Positive Factors
Low leverage / growing equity
Effectively zero debt and a materially larger equity base provide durable financial flexibility for a pre-revenue explorer. This reduces refinancing/default risk and supports continued drill programs and property holding costs over the next 2–6 months while the company advances targets or seeks strategic transactions.
Negative Factors
Pre-revenue with recurring losses
The company generates no operating revenue and reports sustained net losses, meaning intrinsic value depends on successful resource discovery or asset sales. This fundamental profile creates long-term execution risk: without a commercial asset, the business cannot self-sustain via operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / growing equity
Effectively zero debt and a materially larger equity base provide durable financial flexibility for a pre-revenue explorer. This reduces refinancing/default risk and supports continued drill programs and property holding costs over the next 2–6 months while the company advances targets or seeks strategic transactions.
Read all positive factors
Nine Mile Metals Ltd (NINE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$14.55M
Dividend YieldN/A
Average Volume (3M)713.49K
Price to Earnings (P/E)―
Beta (1Y)3.56
Revenue GrowthN/A
EPS Growth55.83%
CountryCA
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding193,956,270
10 Day Avg. Volume546,188
30 Day Avg. Volume713,493
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.22
Price to Sales (P/S)0.00
P/FCF Ratio-1.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$0.32Price Target Upside88.24% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nine Mile Metals Ltd Business Overview & Revenue Model
Company Description
Nine Mile Metals Ltd. primarily focuses on the procurement, development, and geological assessment of mineral properties. Its portfolio includes interests in the Black Point Property, situated in Eureka County, Nevada. Additionally, the company po...
How the Company Makes Money
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Nine Mile Metals Ltd Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
56
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.30K | -6.53K | -3.92K | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.29M | -856.41K | -2.12M | -410.00K | 3.60M | -1.14M |
| Net Income | -1.29M | -883.45K | -2.17M | -2.70M | -1.72M | -6.27M |
Balance Sheet | ||||||
| Total Assets | 9.93M | 4.83M | 5.10M | 4.95M | 5.25M | 982.40K |
| Cash, Cash Equivalents and Short-Term Investments | 4.63M | 44.14K | 387.47K | 446.00K | 1.07M | 947.36K |
| Total Debt | 0.00 | 0.00 | 220.85K | 0.00 | 0.00 | 50.37K |
| Total Liabilities | 401.69K | 503.16K | 622.11K | 170.48K | 22.00K | 75.69K |
| Stockholders Equity | 9.53M | 4.32M | 4.48M | 4.78M | 5.23M | 906.71K |
Cash Flow | ||||||
| Free Cash Flow | -1.34M | -730.69K | -1.89M | -2.37M | -1.42M | -1.08M |
| Operating Cash Flow | -1.33M | -730.69K | -1.84M | -2.29M | -1.33M | -1.07M |
| Investing Cash Flow | -290.00K | -9.00K | -50.00K | -80.00K | -85.00K | 11.20K |
| Financing Cash Flow | 6.13M | 396.36K | 1.83M | 1.74M | 1.54M | 1.75M |
Nine Mile Metals Ltd Technical Analysis
Negative
0.17
Price Trends
0.08
Negative
0.08
Negative
0.10
Negative
Market Momentum
>-0.01
Positive
43.07
Neutral
21.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NINE, the sentiment is Negative. The current price of 0.17 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.08, and above the 200-day MA of 0.10, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.07 is Neutral, neither overbought nor oversold. The STOCH value of 21.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NINE.
Nine Mile Metals Ltd 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% | |
49 Neutral | C$14.55M | -8.79 | -26.39% | ― | ― | 55.83% | |
47 Neutral | C$12.73M | -20.39 | 13.19% | ― | ― | 33.12% | |
46 Neutral | C$17.36M | -12.10 | -88.09% | ― | ― | -30.85% | |
42 Neutral | C$11.85M | -9.52 | ― | ― | ― | -2.44% | |
42 Neutral | C$10.37M | -7.04 | -5.89% | ― | ― | -13.19% |
* Basic Materials Sector Average
TSE:NINE
Nine Mile Metals Ltd
0.08
0.07
700.00%
TSE:LOT
TomaGold
0.04
0.02
60.00%
TSE:RDU
Radius Gold
0.15
0.00
0.00%
TSE:SXTY
Sixty North Gold Mining
0.15
0.03
31.82%
TSE:NBRK
New Break Resources Ltd.
0.21
0.15
250.00%
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.