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Employees: 78
Size Meridian Mining (MNO.TO) is a Canada Materials company (Other Metals/Minerals) with a market value of $598M, the 319th largest of 420 Canada companies the cockpit tracks. Shares closed at C$1.72 on 6 Nov 2026.
Performance Over six months the shares fell 8.0%, against -26.8% for the median peer and +5.2% for the Canada market (cap-weighted) — 4th highest of 20 in its peer set.
Valuation It trades at 5.78× book value against a peer median of 1.99× (3rd most expensive of 20).
Price implies The share price implies a return on equity of about 44.1%; Meridian Mining delivers -38.1%, so the price asks more than the business earns today.
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$0 | C$0 | C$0 | C$0 | C$0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | -C$342,865 | -C$289,970 | -C$266,577 | -C$236,487 | -C$173,363 |
| EBITDA | -C$28.1M | -C$25.1M | -C$17.3M | -C$16.5M | -C$11.8M |
| Net income | -C$31.9M | -C$23.8M | -C$25.0M | -C$16.2M | C$1.04M |
| Free cash flow | -C$26.3M | -C$20.7M | -C$16.8M | -C$14.6M | -C$12.0M |
| Capital expenditure | C$4.39M | C$1.31M | C$964,872 | C$1.72M | C$324,156 |
| Total debt | C$0 | C$0 | C$0 | C$0 | C$0 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MNO.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -24.2% | -14.5% | 4th lowest of 20 |
| 6-month return | -8.0% | -26.8% | 4th highest of 20 |
| Return on equity | -38.1% | -2.7% | 4th lowest of 20 |
| Price / book | 5.78× | 1.99× | 3rd most expensive of 20 |
| ROE the price implies | 44.1% | 14.8% | 4th most demanding of 20 |
| ROE delivered | -38.1% | -2.7% | 3rd lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Meridian Mining MNO.TO | Canada | $598M | -8% | n/a | -38% | 5.78× | 44.1% | -38.1% |
| Qinghai Jinrui Mineral Development 600714.SS | China | $593M | -38% | -6% | 3% | 5.01× | 48.9% | 3.1% |
| Shivalik Bimetal Controls SBCL.NS | India | $609M | +61% | +19% | 22% | 11.94× | 158.4% | n/a |
| Arafura Rare Earths ARU.AX | Australia | $610M | -56% | n/a | -8% | 0.92× | 13.0% | -8.3% |
| OSAKA Titanium Technologies 5726.T | Japan | $584M | -18% | -8% | 7% | 1.70× | 14.8% | 7.3% |
| Bannerman Energy BMN.AX | Australia | $578M | -15% | n/a | -4% | 2.69× | 28.8% | -3.6% |
| Abenojar Tungsten ABT.L | United Kingdom | $619M | n/a | n/a | n/a | n/a | n/a | n/a |
| Indian Metals & Ferro Alloys IMFA.NS | India | $633M | -25% | +32% | 21% | 1.99× | 29.5% | 20.8% |
| Lingyuan Iron & Steel 600231.SS | China | $642M | -31% | -3% | -60% | 1.61× | 13.8% | -59.6% |
| Changzhou Zhongying Science & Technology 300936.SZ | China | $556M | -32% | +15% | 1% | 3.69× | 33.2% | 0.6% |
| Fuda New Material 603045.SS | China | $645M | -31% | +63% | 33% | 3.21× | 38.8% | 33.5% |
| Puyang Refractories 002225.SZ | China | $550M | -28% | +2% | 1% | 0.91× | 8.0% | 0.9% |
| IsoEnergy ISO.TO | Canada | $549M | -30% | n/a | -3% | 1.42× | 10.7% | -2.7% |
| Marimaca Copper MARI.TO | Canada | $652M | -18% | n/a | -16% | 2.46× | 14.1% | -16.4% |
| Sigma Lithium SGML | United States | $655M | -73% | -14% | -32% | 7.94× | 47.3% | -31.8% |
| Lumina Metals LMCU.TO | Canada | $544M | -33% | n/a | -50% | 2.22× | 37.7% | n/a |
| Hootech 301026.SZ | China | $541M | -27% | +121% | 14% | 2.07× | 24.0% | 14.5% |
| Straits Trading S20.SI | Singapore | $541M | -14% | +30% | -17% | 0.55× | 4.6% | -16.6% |
| Gruvaktiebolaget Viscaria VISC.ST | Sweden | $669M | -1% | n/a | -5% | 1.31× | 8.3% | -5.2% |
| Enviri NVRI | United States | $672M | +24% | -23% | -81% | 1.05× | 6.5% | -81.2% |
| Gloria Material Technology 5009.TWO | Taiwan | $527M | -15% | +3% | 8% | 0.95× | 3.5% | 7.9% |