Nicola Mining Inc. (NICM) AI Stock Analysis

Nicola Mining Inc. operates as a junior exploration company focused on the identification, acquisition, and exploration of mineral properties in Canada. The company primarily targets gold, silver, lead, zinc, copper, and other precious metals. Key assets include a 100% interest in the New Craigmont copper-iron project in Merritt, British Columbia, and a 100% interest in the Treasure Mountain project near Hope, British Columbia. It also holds a 50% interest in the Dominion Creek Gold Property located in Prince George, British Columbia. In addition to exploration, the company offers toll milling services for processing silver, lead, and gold ore.

Nicola Mining recorded annual revenue of $1.6M in FY2023, which dropped 49.4% to $818,157 in FY2024 before rebounding 36.6% to $1.1M in FY2025, reflecting a 2-year revenue CAGR of -16.9%. Profitability has remained negative, with net income totaling -$3.3M in FY2023, -$5.2M in FY2024, and -$4.0M in FY2025, alongside an FY2025 operating margin of -641.4%. Over the trailing twelve months ended June 30, 2026, revenue stood at $4.1M, with an operating margin of -262.1% and diluted EPS of -$0.43. For the latest quarter ended June 30, 2026, quarterly revenue grew 1399.8% year-over-year.

As of June 30, 2026, Nicola Mining held $11.5M in cash and short-term investments and $403,126 in total debt, yielding a net cash position of $11.1M. Shareholders' equity was $6.8M out of $22.7M in total assets. The company reported a current ratio of 8.34 and a debt-to-equity ratio of 0.06. Operating cash flow stood at -$5.6M in FY2025, while free cash flow was -$5.7M after capital expenditures of $179,494.

Nicola Mining trades at an enterprise value of $101.5M and a market capitalization of $100.4M. Its price-to-sales ratio of 24.8x and EV-to-revenue ratio of 35.2x compare to a median price-to-sales ratio of 1.8x among US-listed Basic Materials peers. The stock trades at a forward price-to-earnings ratio of 17.8x, above the peer group median of 13.4x, and a price-to-book ratio of 22.9x. At its last close of $5.25 on October 16, 2026, the stock traded near its 52-week low of $5.09 and below its 52-week high of $10.60, while the broader market tracked by SPY delivered a 1-year return of 16.8%.

One analyst covers Nicola Mining with a Buy rating. The mean price target is $12.00, representing a 128.6% premium over the last close of $5.25. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $7.0M and EPS of -$0.33. For the following fiscal year, the single analyst projects revenue of $18.3M, representing 161.4% growth, and EPS of $0.01. The company's next earnings report is scheduled for November 12, 2026.

This page is an AI-written research summary of Nicola Mining Inc. (NICM). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: NICM income statement, NICM balance sheet, NICM key metrics, NICM analyst forecast, NICM chart. See the NICM stock overview for the latest quote and news.