Northern Shield Resources Inc (TSE:NRN)
:NRN
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Northern Shield Resources
(NRN)
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Rating:43Neutral
Price Target:
C$0.05
▼(-31.43% Downside)
Action:Reiterated
Date:05/01/26
The score is primarily held down by weak financial performance (no revenue, ongoing losses, and negative free cash flow), partially offset by a low-debt balance sheet. Technicals are subdued with the price below longer-term averages and a negative MACD, while valuation signals are limited by negative earnings and no dividend yield data.
Positive Factors
Conservative Balance Sheet
Having essentially no debt materially lowers financial risk for an early-stage explorer. It preserves flexibility to fund cyclical drilling programs or pursue asset transactions without interest burdens, reducing default risk and enabling strategic optionality over months ahead.
Negative Factors
No Revenue Base
Lack of any revenue means the company relies entirely on financing or asset transactions to fund operations. Without commercial cash inflows, long-term sustainability is contingent on successful discoveries or continual capital markets access, raising dilution and execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Having essentially no debt materially lowers financial risk for an early-stage explorer. It preserves flexibility to fund cyclical drilling programs or pursue asset transactions without interest burdens, reducing default risk and enabling strategic optionality over months ahead.
Read all positive factors
Northern Shield Resources (NRN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.09M
Dividend YieldN/A
Average Volume (3M)119.03K
Price to Earnings (P/E)―
Beta (1Y)-0.07
Revenue GrowthN/A
EPS Growth83.73%
CountryCA
Employees8
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding135,325,600
10 Day Avg. Volume169,975
30 Day Avg. Volume119,034
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)2.10
Price to Sales (P/S)0.00
P/FCF Ratio-10.33
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
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 elemen...
How the Company Makes Money
null...
Northern Shield Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -2.69K | -3.35K | -4.18K | -4.91K | -29.06K |
| EBITDA | -832.54K | -3.18M | -987.05K | -605.14K | -203.99K |
| Net Income | -693.23K | -3.19M | -991.23K | -610.05K | -233.04K |
Balance Sheet | |||||
| Total Assets | 4.20M | 2.98M | 6.02M | 5.77M | 5.71M |
| Cash, Cash Equivalents and Short-Term Investments | 784.65K | 386.94K | 175.53K | 216.98K | 301.62K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 511.27K | 671.58K | 816.62K | 561.51K | 334.01K |
| Stockholders Equity | 3.69M | 2.30M | 5.20M | 5.21M | 5.38M |
Cash Flow | |||||
| Free Cash Flow | -751.12K | 104.13K | -866.42K | -585.59K | -2.53M |
| Operating Cash Flow | -751.12K | 104.13K | -535.66K | -367.54K | -556.80K |
| Investing Cash Flow | -716.57K | -340.41K | -330.76K | -218.05K | -1.65M |
| Financing Cash Flow | 1.87M | 447.69K | 824.98K | 500.95K | 728.39K |
Northern Shield Resources Technical Analysis
Negative
0.07
Price Trends
0.04
Negative
0.05
Negative
0.06
Negative
Market Momentum
>-0.01
Positive
45.00
Neutral
-100.00
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 above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.00 is Neutral, neither overbought nor oversold. The STOCH value of -100.00 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
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% | |
44 Neutral | C$5.45M | -2.43 | 14.14% | ― | ― | -1300.00% | |
43 Neutral | C$6.09M | -13.91 | -27.69% | ― | ― | 83.73% | |
42 Neutral | C$4.68M | 343.24 | ― | ― | ― | 58.33% | |
| ― | C$16.28M | -4.80 | -17.86% | ― | ― | 75.57% | |
41 Neutral | C$4.05M | -27.09 | -32.84% | ― | ― | 54.29% |
* Basic Materials Sector Average
TSE:NRN
Northern Shield Resources
0.05
-0.04
-43.75%
TSE:ILC
International Lithium
0.02
0.01
100.00%
TSE:QMC
QMC Quantum Minerals
0.05
<0.01
12.50%
TSE:CASA
Casa Minerals
0.12
0.05
71.43%
TSE:AWCM
Ameriwest Lithium
0.40
0.24
150.00%
TSE:TERA
Terra Balcanica Resources Corp.
0.06
-0.04
-40.00%
Northern Shield Resources Corporate Events
Business Operations and Strategy
Northern Shield Reports High-Grade Base Metals at Newfoundland Porphyry Target
Positive
Mar 24, 2026
Northern Shield Resources has reported high-grade lead, zinc and copper values from grab rock samples at the Creston Copper Target on its Root Cellar property in southeastern Newfoundland. The samples, taken from a diatreme breccia zone exposed b...
Business Operations and Strategy
Northern Shield Confirms High-Grade Polymetallic Mineralization at Newfoundland Porphyry Target
Positive
Mar 24, 2026
Northern Shield Resources has reported high-grade grab rock samples containing up to 3.9% lead, 4.0% zinc and 2.0% copper from the Creston Copper Target at its Root Cellar property in southeastern Newfoundland. The mineralization, found within a ...
Business Operations and StrategyPrivate Placements and Financing
Northern Shield Secures $1M from LabGold Financing to Advance Root & Cellar Exploration
Positive
Mar 5, 2026
Northern Shield Resources has received $1 million in gross proceeds from a previously announced private placement of subscription receipts with Labrador Gold, after escrow conditions tied to LabGold’s change of business and approvals were sa...
Business Operations and Strategy
Northern Shield Quadruples Newfoundland Land Package for Porphyry Copper and Gold Exploration
Positive
Feb 27, 2026
Northern Shield Resources has expanded its land position in Newfoundland from 32 km² to 420 km² through staking, options and property purchases, consolidating a large package around its Root Cellar gold-silver-tellurium-copper project. ...
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.