Northern Shield Resources (NRN) AI Stock Analysis

• Market Cap: C$8.80M
• Dividend Yield: N/A
• Average Volume (3M): 119.03K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.14
• Revenue Growth: N/A
• EPS Growth: 82.67%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 135,325,600
• 10 Day Avg. Volume: 169,975
• 30 Day Avg. Volume: 119,034
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.64
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 36.27
• 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: 52 Neutral
• Price Target: C$0.07 ▲(1.43% Upside)

The score is held back primarily by weak financial performance (no revenue, persistent losses, and renewed cash burn). Offsetting factors include favorable technical momentum (price above major moving averages with positive MACD) and supportive corporate events (successful/upsized financings and positive drilling updates), while valuation remains unattractive due to negative earnings and no dividend.

Positive Factors

Debt-Free Balance Sheet

A debt-free balance sheet provides financial flexibility, reducing interest obligations and allowing more resources to be allocated towards exploration and development activities.

Innovative Exploration Techniques

The company's focus on innovative exploration techniques can lead to the discovery of new mineral deposits, enhancing long-term growth prospects and competitive advantage in the mining sector.

Recent Financing for Exploration

Recent financing initiatives bolster the company's ability to fund exploration projects, potentially leading to new discoveries and improved market positioning.

Negative Factors

Lack of Revenue Generation

The absence of revenue generation indicates challenges in monetizing exploration efforts, which can hinder financial sustainability and long-term growth.

Persistent Financial Losses

Ongoing financial losses suggest operational inefficiencies and can strain resources, limiting the company's ability to invest in future growth and exploration activities.

Negative Free Cash Flow

Negative free cash flow indicates that the company is not generating sufficient cash from operations to cover capital expenditures, which could impact liquidity and future project funding.

Northern Shield Resources Business Overview & Revenue Model

Company Description

Northern Shield Resources Inc., a natural resource company, engages in identifying, acquiring, and exploring mineral properties primarily in Eastern Canada. The company primarily explores for nickel, copper, gold, silver, and platinum group elements. It principally holds 88.5% interests in the Shot Rock property with 750 claims covering an area of 121 square kilometers located in Nova Scotia; 100% interests in the Huckleberry property comprising 72 claims with an area of 54 square kilometers located in north of Schefferville, Quebec; and 100% interests in the Idefix property with 40 claims covering an area of 18 square kilometers located in Labrador Trough, Québec. The company also holds an option agreement to acquire a 100% interest in the Merasheen property with 217 claims covering an area of 54 square kilometers located at the southern end of Merasheen Island in Placentia Bay, Newfoundland. Northern Shield Resources Inc. was founded in 1999 and is headquartered in Ottawa, Canada.

How the Company Makes Money

Northern Shield Resources generates revenue primarily through the exploration and potential development of mineral properties. The company seeks to discover economically viable mineral deposits, which can then be sold, optioned, or developed into producing mines. Revenue streams include proceeds from selling mineral properties, joint ventures with other mining companies, and potential future royalties from developed mining sites. The company's earnings are significantly influenced by its exploration success, commodity prices, and strategic partnerships with other entities in the mining industry.

Northern Shield Resources Financial Statement Overview

Summary

Overall fundamentals are weak: TTM shows no revenue, negative gross profit, and ongoing losses (net loss ~-$0.7M) with operating cash flow and free cash flow back to burn. The key offset is low financial leverage (no debt) and positive equity, though equity has declined and ROE is meaningfully negative.

Income Statement

TTM (Trailing-Twelve-Months) results show no revenue and continued operating losses (EBIT and EBITDA both negative), with a net loss of about $0.7M. While the net loss is materially smaller than FY2024 (about $3.2M loss), profitability remains weak overall given persistent negative gross profit and ongoing losses across multiple years.

Balance Sheet

The balance sheet is supported by positive equity (TTM equity ~$2.9M) and essentially no debt (debt-to-equity at 0.0), which reduces financial risk. However, shareholder returns are negative (TTM return on equity around -27%), and equity has declined versus prior years (notably below FY2022–FY2023 levels), reflecting accumulated losses and/or capital changes.

Cash Flow

Cash generation is inconsistent and currently pressured: TTM operating cash flow is negative (~-$0.7M) and free cash flow is more negative (~-$1.2M), indicating ongoing cash burn. FY2024 briefly showed positive operating and free cash flow, but the business has been negative in most other years, increasing reliance on funding and raising execution risk until cash flow stabilizes.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-2.84K	-3.35K	-4.18K	-4.91K	-29.06K	-38.42K
EBITDA	-804.27K	-3.18M	-987.05K	-605.14K	-203.99K	-550.43K
Net Income	-705.12K	-3.19M	-991.23K	-610.05K	-233.04K	-588.85K
Balance Sheet
Total Assets	3.43M	2.98M	6.02M	5.77M	5.71M	5.50M
Cash, Cash Equivalents and Short-Term Investments	154.32K	386.94K	175.53K	216.98K	301.62K	1.78M
Total Debt	0.00	0.00	0.00	0.00	0.00	24.61K
Total Liabilities	533.75K	671.58K	816.62K	561.51K	334.01K	484.16K
Stockholders Equity	2.89M	2.30M	5.20M	5.21M	5.38M	5.01M
Cash Flow
Free Cash Flow	-1.21M	104.13K	-866.42K	-585.59K	-2.53M	-2.94M
Operating Cash Flow	-713.67K	104.13K	-535.66K	-367.54K	-556.80K	-696.37K
Investing Cash Flow	-539.49K	-340.41K	-330.76K	-218.05K	-1.65M	-2.15M
Financing Cash Flow	1.30M	447.69K	824.98K	500.95K	728.39K	3.39M

Northern Shield Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.07
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NRN, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.06, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 43.72 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NRN.

Northern Shield Resources 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%
NRN	52 Neutral	C$8.80M	-9.29	-27.69%	―	―	82.67%
QMC	52 Neutral	C$7.29M	-31.82	―	―	―	14.29%
ILC	49 Neutral	C$6.81M	4.46	12.49%	―	―	―
TERA	41 Neutral	C$5.06M	-3.61	-32.84%	―	―	48.00%
AWCM	33 Underperform	C$15.78M	-7.53	-17.86%	―	―	92.11%

Northern Shield Resources Corporate Events

Northern Shield Expands Porphyry-Style Mineralization Footprint at Newfoundland’s Creston Copper Target

Northern Shield Resources has uncovered a large new zone of porphyry-style mineralization at its Creston Copper target within the wholly owned Root & Cellar Property in southeastern Newfoundland, expanding the known mineralized footprint of the project. The newly exposed 50-by-30-metre area, revealed during ongoing aggregate quarrying, contains lead-zinc-silver-rich quartz veinlets and breccia with minor copper and molybdenum sulphides adjacent to previously identified high-grade copper and polymetallic mineralization that extends over at least 570 metres and aligns with geophysical and geochemical anomalies. While assay results from the latest rock samples are pending, the company has tendered induced polarization and magnetotelluric surveys over the expanded target area, positioning Creston more clearly as part of a large Cu-Mo-Ag-Au-Te porphyry system and potentially enhancing the project’s significance within Northern Shield’s exploration portfolio.

The most recent analyst rating on (TSE:NRN) stock is a Hold with a C$0.07 price target. To see the full list of analyst forecasts on Northern Shield Resources stock, see the TSE:NRN Stock Forecast page.

Northern Shield Raises $1 Million in Strategic Placement with Labrador Gold

Northern Shield Resources has closed a strategic, non-brokered private placement with Labrador Gold Corp., issuing 16,666,667 subscription receipts at $0.06 each for gross proceeds of $1 million, which are currently held in escrow pending Labrador Gold’s shareholder and regulatory approval for a change of business. Upon satisfaction of escrow conditions, the receipts will convert into units comprising common shares and warrants, giving Labrador Gold rights to maintain at least a 10% equity stake and appoint a technical advisor, while Northern Shield plans to deploy the funds into further exploration and diamond drilling at its Root & Cellar Property and for working capital, potentially strengthening its project pipeline and technical capabilities without incurring finder’s fees.

The most recent analyst rating on (TSE:NRN) stock is a Hold with a C$0.07 price target. To see the full list of analyst forecasts on Northern Shield Resources stock, see the TSE:NRN Stock Forecast page.

Northern Shield Secures $1M Investment for Exploration Expansion

Northern Shield Resources Inc. has announced a non-brokered private placement with Labrador Gold Corp., raising $1,000,000 through the issuance of subscription receipts. This strategic partnership will support Northern Shield’s exploration program at the Root & Cellar property, targeting significant porphyry copper and epithermal gold systems. The funding will enable geophysical surveys and extensive drilling, enhancing the company’s exploration capabilities and potentially increasing its market positioning in the mineral exploration sector.

Northern Shield Resources Completes Successful Private Placement

Northern Shield Resources Inc. has successfully completed an oversubscribed non-brokered private placement, raising a total of $1,165,000. The funds will be used to continue the diamond drill program at the Root & Cellar Property and for general working capital. This financial move is expected to bolster the company’s exploration efforts and strengthen its position in the mining industry, potentially leading to significant discoveries and value creation for stakeholders.