Northern Minerals Ltd
Northern Minerals Ltd is a diversified mining company engaged in the exploration and production of mineral resources, primarily operating in the basic materials sector.
Business. Northern Minerals Ltd (NTU.AX) is a diversified mining company operating within the Basic Materials sector. The firm is headquartered in Australia and is primarily listed on the Australian Securities Exchange. As segment and geographic details are not specified, the company is described at the industry level as an entity engaged in diversified mining activities.
Analyst recommendations
1 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Northern Minerals Ltd (NTU.AX) is a diversified mining company operating within the Basic Materials sector. The firm is headquartered in Australia and is primarily listed on the Australian Securities Exchange. As segment and geographic details are not specified, the company is described at the industry level as an entity engaged in diversified mining activities.
Northern Minerals Ltd has a negative equity position of -6,466,870 AUD, indicating a significant financial leverage burden. The company's liquidity position is characterized by a current ratio of 2.22, which is relatively strong, but this is offset by a negative net cash position after subtracting total debt. The debt-to-equity ratio is -2.07, suggesting that the company is financed more by debt than equity, which increases financial risk.
Profitability metrics for Northern Minerals Ltd are mixed. The company reported a gross profit of 717,130 AUD, but this was overshadowed by an operating loss of -20,907,980 AUD and a net loss of -22,288,780 AUD. The return on equity is 3.45, which is positive but modest, while the return on assets is -1.28, indicating that the company is not generating returns from its asset base.
The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no geographic diversification provided in the available data. This lack of diversification increases exposure to regional economic and regulatory risks.
Looking ahead, Northern Minerals Ltd is expected to face continued financial pressure. The company's capital expenditure for the period was -115,080 AUD, and with a negative operating cash flow of -14,087,160 AUD, it is evident that the company is not generating sufficient cash from operations to fund its activities. The free cash flow is also negative at -21,758,910 AUD, further highlighting the company's liquidity challenges.
The risk assessment for Northern Minerals Ltd indicates a medium liquidity risk and a low dilution risk. The key flag of negative net cash after subtracting total debt underscores the company's financial instability. The dilution potential is low, but the company's negative equity position and high debt levels suggest that it may need to raise additional capital in the future, which could lead to share dilution.
Recent events and disclosures indicate that Northern Minerals Ltd is under analyst scrutiny. The mean price target for the company is 0.05 AUD, with all analysts providing the same price target. The mean recommendation is 1.00, indicating a strong buy rating, but this is based on a single strong-buy recommendation with no buy or hold ratings. This suggests that while there is some optimism, the analyst coverage is limited.
- Northern Minerals Ltd is a diversified mining company with a negative equity position and high debt levels.
- The company's liquidity position is relatively strong, but its profitability is weak, with a significant operating and net loss.
- Revenue is concentrated in a single business segment, increasing exposure to regional risks.
- The company is expected to continue facing financial pressure, with negative operating and free cash flows.
- Analysts have provided a strong buy rating, but the coverage is limited, and the price targets are low.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Revenue A$2.6M, −54,0% YoY; Operating income +13,3% YoY.
- ▍Revenue A$2.6M, −54,0% YoY
- ▍Operating income +13,3% YoY
- ▍Net income +13,4% YoY
- ▍Free cash flow +13,5% YoY
- ▍Net margin -1059.4%
Revenue A$5.6M, +621,0% YoY; Operating income −40,0% YoY.
- ▍Revenue A$5.6M, +621,0% YoY
- ▍Operating income −40,0% YoY
- ▍Net income −41,7% YoY
- ▍Free cash flow −43,7% YoY
- ▍Net margin -562.7%
Revenue A$778.7k; Operating income -A$20.9M.
- ▍Revenue A$778.7k
- ▍Operating income -A$20.9M
- ▍Net margin -2862.4%
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -0,00 |
| Revenue | —no estimate | —no estimate | 0 AUD |
| Operating income | —no estimate | —no estimate | -30,7M AUD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Northern Minerals Ltd Market data — financials · 2026-05-28
- Northern Minerals Ltd Market data — analyst estimates · 2026-05-28
Ownership & reference
Leadership
- Adam HandleyExecutive Chairman of the Board