NORTHERN MINERALS LIMITED (NTU)
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NTU

NTU - NORTHERN MINERALS LIMITED

FNArena Sector : Rare Earth Minerals
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.6
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.041

03 Nov
2025

-0.002

OPEN

$0.04

-4.65%

HIGH

$0.05

112,242,921

LOW

$0.04

TARGET
$0.073 78.0% upside
OTHER COMPANIES IN THE SAME SECTOR
ARU . ASM . BRE . HAS . LIN . LYC . MEI . MTM . SVM . VHM . VML .
FNARENA'S MARKET CONSENSUS FORECASTS
NTU: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 0.4 - 0.1 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 © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-0.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx0.0
Net Operating Cash Flow xxxxxxxxxxxxxxx-25.8 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-
Return on Invested Capital xxxxxxxxxxxxxxx-
Return on Assets xxxxxxxxxxxxxxx-128.19 %
Return on Equity xxxxxxxxxxxxxxx-
Return on Total Capital xxxxxxxxxxxxxxx-286.67 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-26.2 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx15 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx16 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx24 M
Price To Book Value xxxxxxxxxxxxxxx150.00

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx0.4 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx1 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx26 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

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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

03/11/2025

1

Speculative Buy

$0.073

78.05%

It was a busy first quarter for Northern Minerals with the release of its definitive feasibility study on September 15, boosted by the US/Australia rare earths frameworks and a rally in the share price, which facilitated a $60m equity raising, Ord Minnett outlines.

The final investment decision has been delayed and is now not anticipated until the June quarter 2026, while the equity raising allowed for the Iluka Resources debt of -$15m to be repaid.

The AGM is due on November 27, and the broker notes the influence of Chinese nationals with government links is likely diluted post the equity raising to local and overseas institutions.

No change in Speculative Buy. Target is tweaked to 7.3c from 7.5c.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.10 cents.
Ord Minnett forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -0.10 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

Petra Capital

06/10/2025

-1

No Rating

78.05%

Petra Capital initiates coverage of Northern Minerals with a Buy rating and 4.4c target price.

The analyst explains the strategic urgency on the development of processing and production of rare earths outside of China, with NdPr the initial focus of the West, while heavy rare earths remain a challenge and are essential for defense, including dysprosium (Dy) and terbium (Tb).

Northern Minerals owns 100% of the Browns Range project in East Kimberley, with a definitive feasibility study in Sept of an 11-yr mine life underpinned by 5.18mt mining inventory for 45,800t TREO (total rare earth oxides).

Dy and Tb represent around 10.7% of contained TREO and circa 70% of the basket value, making Browns Range one of the world's richest deposits.

Petra highlights Wolverine (part of Browns) is the only construction-ready heavy rare earth project globally, and concentrate is contracted to Iluka Resources ((ILU)) government-backed Eneabba refinery.

FORECAST
Petra Capital forecasts a full year FY26 EPS of minus -0.30 cents.
Petra Capital forecasts a full year FY27 EPS of minus -0.50 cents.
Access Extra Coverage Research History >

NTU STOCK CHART

FNArena News on NTU

1
Weekly Ratings, Targets, Forecast Changes – 24-10-25

Oct 27 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Oct 06, 2025

Oct 06 2025 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 19-09-25

Sep 22 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Jun 11, 2024

Jun 11 2024 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 07-06-24

Jun 11 2024 - Weekly Reports

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