NORTHERN MINERALS LIMITED (NTU)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

NTU - NORTHERN MINERALS LIMITED

FNArena Sector : Rare Earth Minerals
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.46
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.02

21 Nov
2024

0.000

OPEN

$0.02

0.000

HIGH

$0.02

966,668

LOW

$0.02

TARGET
$0.03 50.0% upside
OTHER COMPANIES IN THE SAME SECTOR
ARU . ASM . BRE . HAS . LIN . LYC . PEK . SVM . VHM . VML .
FNARENA'S MARKET CONSENSUS FORECASTS
NTU: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 0.6 - 7.1 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-0.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx-0.2
Net Operating Cash Flow xxxxxxxxxxxxxxx-26.1 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-
Return on Invested Capital xxxxxxxxxxxxxxx-
Return on Assets xxxxxxxxxxxxxxx-201.55 %
Return on Equity xxxxxxxxxxxxxxx-
Return on Total Capital xxxxxxxxxxxxxxx-819.65 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-26.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx15 M
Long Term Debt xxxxxxxxxxxxxxx1 M
Total Debt xxxxxxxxxxxxxxx15 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx8 M
Price To Book Value xxxxxxxxxxxxxxx-

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx0.4 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx1 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx33 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

01/11/2024

1

Speculative Buy

$0.03

50.00%

Northern Minerals reported a 1Q cash balance of $16m following receipt of $17m from the combined $47m capital raise in September. The second tranche, which includes a $4m share purchase plan, is expected to arrive this quarter, subject to shareholder approval.

Management noted the updated mineral resource estimate (MRE) and definitive feasibility study (DFS) have been delayed until this quarter and the March quarter 2025, respectively. The Wolverine construction start-date is now the end of 2025.

The analyst speculates the delays may have resulted from uncertainty surrounding Iluka Resources' ((ILU)) decision to proceed with
its Eneabba REO refinery. Iluka is the buyer of Wolverine’s concentrate.

For Northern Minerals, the Speculative Buy rating is unchanged. The target is reduced to 3c from 4c.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -7.10 cents.
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -7.20 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

11/06/2024

1

Speculative Buy

$0.05

150.00%

Canaccord Genuity highlights positive recent drilling at the Browns Range Project in Western Australia which showed high-grade heavy rare earths at Wolverine, suggesting potential for extending the mine's life for Northern Minerals.

The broker anticipates a resource update in September 2024, with a  definitive feasability study update expected by December 2024.

Management saw recent board changes with Nick Curtis transitioning from Executive Chairman to Strategic Advisor.

Speculative Buy rating and 5c target unchanged.
Access Extra Coverage Research History >

NTU STOCK CHART

FNArena News on NTU

1
Australian Broker Call *Extra* Edition – Jun 11, 2024

Jun 11 2024 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 07-06-24

Jun 11 2024 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Mar 20, 2024

Mar 20 2024 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Oct 12, 2023

Oct 12 2023 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Nov 04, 2022

Nov 04 2022 - Daily Market Reports

Latest Rare Earth Minerals News

1
Lynas Rare Earths: High Chance Of Upside

May 23 2023 - Technicals
2
Rare Earth Elements: A Critical Challenge

May 03 2023 - Commodities
3
Security Blanket For Lynas

Nov 02 2022 - Australia
4
Consolidation Over For Lynas Rare Earths

Nov 16 2021 - Technicals
5
RESEARCH: Greenland Minerals, Major Capital Cost Reductions

Aug 05 2019 - FYI
6
Trade War Will Hasten Bull Market For Rare Earths

May 27 2019 - Commodities
7
CORRECTION: Trade Impasse Threatens US Lithium, Rare Earth Imports

May 24 2019 - Commodities
8
RESEARCH: Greenland Minerals Lowering Costs At Kvanefjeld

Feb 05 2019 - FYI
9
RESEARCH Greenland Minerals: A Rare Opportunity In Rare Earths

Sep 20 2018 - FYI
10
Rudi’s View: Lynas, Noni B And Citadel Group

Sep 13 2018 - Rudi's View