Nations Royalty Corp. (TSE:NRC)
:NRC
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Nations Royalty Corp.
(NRC)
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Rating:47Neutral
Price Target:
C$0.96
▼(-15.49% Downside)
Action:ReiteratedDate:02/04/26
The score is held down primarily by heavy operating losses and persistent negative free cash flow, despite improving revenue. A debt-free balance sheet supports financial flexibility, while technicals are mixed (longer-term trend positive but near-term weakness). Valuation is constrained by negative earnings and no dividend.
Positive Factors
Debt-free balance sheet
Zero debt materially lowers solvency risk and preserves financial flexibility over the next 2–6 months, enabling the company to fund royalty acquisitions or absorb near-term losses without interest burden. Positive recent equity provides a clearer runway versus earlier periods of negative equity.
Negative Factors
Persistent cash burn
Ongoing negative operating and free cash flow creates structural funding pressure; even with recent financing, repeated cash burn increases dilution or refinancing risk and constrains reinvestment into royalties or growth without consistent operational improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero debt materially lowers solvency risk and preserves financial flexibility over the next 2–6 months, enabling the company to fund royalty acquisitions or absorb near-term losses without interest burden. Positive recent equity provides a clearer runway versus earlier periods of negative equity.
Read all positive factors
Nations Royalty Corp. (NRC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)45.33K
Price to Earnings (P/E)―
Beta (1Y)0.98
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryAsset Management
Share Statistics
EPS (TTM)N/A
Shares Outstanding22,108,612
10 Day Avg. Volume43,042
30 Day Avg. Volume45,332
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)12.31
Price to Sales (P/S)80.62
P/FCF Ratio-14.74
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)N/A
Revenue Forecast (FY)N/A
Nations Royalty Corp. Business Overview & Revenue Model
Company Description
Nations Royalty Corp., a junior exploration company, engages in the exploration and development of mineral properties in Canada. It focuses on the exploration of gold and graphite deposits. The company owns interests in the Nagagami East property ...
Nations Royalty Corp. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2025 | Aug 2023 | May 2023 | May 2022 | May 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 780.15K | 843.75K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 111.99K | -117.22K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -4.56M | -6.28M | -24.67K | 0.00 | 0.00 | -2.54K |
| Net Income | -4.42M | -28.55M | -1.29M | -246.19K | -63.08K | -14.54K |
Balance Sheet | ||||||
| Total Assets | 4.77M | 5.64M | 10.08M | 898.62K | 0.00 | 0.00 |
| Cash, Cash Equivalents and Short-Term Investments | 3.94M | 4.71M | 48.74K | 890.61K | 0.00 | 0.00 |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 138.35K | 111.22K | 10.95M | 532.78K | 263.19K | 200.11K |
| Stockholders Equity | 4.63M | 5.52M | -863.38K | 365.83K | -263.19K | -200.11K |
Cash Flow | ||||||
| Free Cash Flow | -2.94M | -4.62M | -830.71K | 15.40K | 0.00 | 0.00 |
| Operating Cash Flow | -2.94M | -4.62M | -830.71K | 15.40K | 0.00 | 0.00 |
| Investing Cash Flow | 0.00 | 9.33M | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 2.50K | 0.00 | -11.16K | 875.21K | 0.00 | 0.00 |
Nations Royalty Corp. Technical Analysis
Negative
1.13
Price Trends
1.20
Negative
1.16
Negative
0.94
Positive
Market Momentum
-0.05
Negative
41.87
Neutral
51.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NRC, the sentiment is Negative. The current price of 1.13 is above the 20-day moving average (MA) of 1.07, below the 50-day MA of 1.20, and above the 200-day MA of 0.94, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 41.87 is Neutral, neither overbought nor oversold. The STOCH value of 51.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NRC.
Nations Royalty Corp. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | C$5.04B | 36.86 | 20.71% | 1.32% | 35.51% | 7.55% | |
66 Neutral | C$9.72M | 0.40 | 75.06% | ― | 486.23% | 478.94% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
53 Neutral | C$10.37M | -0.44 | -70.07% | ― | 53.55% | -289.42% | |
48 Neutral | C$4.21M | 9.47 | -45.81% | ― | 26.42% | -1217.14% | |
47 Neutral | ― | -85.49 | -80.21% | ― | ― | ― |
* Energy Sector Average
TSE:NRC
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Nations Royalty Corp. Corporate Events
Business Operations and StrategyDelistings and Listing Changes
Nations Royalty Upgrades to OTCQX to Boost U.S. Visibility and Liquidity
Positive
Feb 24, 2026
Nations Royalty Corp., a Canadian mining royalty company focused on aggregating royalties and benefit payment entitlements from major resource projects, is structured to bring together Indigenous groups and outside investors as shareholders. The f...
Private Placements and Financing
Nations Royalty Raises C$15 Million in Bought-Deal Private Placement
Positive
Jan 30, 2026
Nations Royalty Corp. has closed a C$15 million bought-deal private placement of 9.375 million units priced at C$1.60 each, including full exercise of the over-allotment option, with each unit comprising one common share and one-half warrant exerc...
Business Operations and StrategyPrivate Placements and Financing
Nations Royalty Launches C$10 Million Bought-Deal Financing to Fund Royalty Acquisitions
Positive
Jan 15, 2026
Nations Royalty Corp. has launched a C$10 million bought-deal private placement, selling 6.25 million units at C$1.60 each, with each unit comprising one common share and one-half warrant exercisable at C$2.25 for 36 months. The underwriters, led ...
Business Operations and StrategyPrivate Placements and Financing
Nations Royalty Launches C$10 Million Bought-Deal Financing to Fund Royalty Acquisitions
Positive
Jan 15, 2026
Nations Royalty Corp. has entered into a bought-deal private placement with a syndicate led by Red Cloud Securities and Canaccord Genuity to issue 6,250,000 units at C$1.60 per unit, raising C$10 million, with an over-allotment option for an addit...
Business Operations and StrategyPrivate Placements and Financing
Nations Royalty Launches C$10 Million Bought Deal to Fund Royalty and Streaming Growth
Positive
Jan 15, 2026
Nations Royalty Corp. has arranged a C$10 million bought deal private placement of 6,250,000 units at C$1.60 per unit, each consisting of one common share and half a warrant exercisable at C$2.25 for 36 months, with an over-allotment option that c...
Business Operations and StrategyExecutive/Board Changes
Nations Royalty Names Derrick Pattenden CEO as Founder Shifts to Board Role
Positive
Jan 6, 2026
Nations Royalty Corp. has appointed Derrick Pattenden as its new president and CEO, succeeding founder Robert McLeod, who remains on the board to support a smooth leadership transition as he moves to lead Ascot Resources, an operator of projects o...
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.