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← CockpitCompetitor Analysis › NCX.V NorthIsle Copper and Gold Inc.Open in the cockpit ↗

NorthIsle Copper and Gold Inc.NCX.VCompetitor analysis, valuation and peers

Canada · CAD·Materials›Other Metals/Minerals

Explores the Hushamu copper-gold porphyry deposit on Vancouver Island, British Columbia.

Momentum weak 25
Mkt cap
$725M
US dollars, full cap
Free float
90%
of shares outstanding
$/day
$962,107
20-day average traded
P/B
7.55×
price to book
ROE
-33.3%
delivered
Implied ROE
85.9%
what the price asks
Next earnings
19 days
25 Nov 2026
Close · CADC$3.05
1D+3.4%
1W+8.9%
1M-15.3%
3M-23.6%
6M+3.4%
YTD+16.4%
1Y+68.5%
ATR %6.0%
52w lowhigh35.6% off high

What NorthIsle Copper and Gold does

Explores the Hushamu copper-gold porphyry deposit on Vancouver Island, British Columbia.

Has no mining income and funds itself by selling shares to pay for drilling and technical studies. Value rests on whether the deposit can be shown to be large, high-grade and permittable enough to attract a buyer or financing partner, which is why advancing studies, not sales, drives the company.

Products and services

  • Hushamu / North Island project

Where it sits in the supply chain

  • Base/precious metals
  • Copper-gold exploration
  • Vancouver Island porphyry project

What could go right

  • Copper/gold demand growth
  • Advancing toward feasibility unlocks value

What could go wrong

  • Pre-revenue financing risk
  • BC permitting/Indigenous consultation timelines

Moat: none (installed base). Sizeable known deposit but still at pre-feasibility, pre-construction stage.

Headquarters: Vancouver, Canada · Founded: 2020 · Employees: 17

Named competitors

NorthIsle Copper and Gold at a glance

Size NorthIsle Copper and Gold (NCX.V) is a Canada Materials company (Other Metals/Minerals) with a market value of $725M, the 296th largest of 420 Canada companies the cockpit tracks. Shares closed at C$3.05 on 6 Nov 2026.

Performance Over six months the shares gained 3.4%, against -24.4% for the median peer and +5.2% for the Canada market (cap-weighted) — 3rd highest of 20 in its peer set.

Valuation It trades at 7.55× book value against a peer median of 2.46× (2nd most expensive of 20).

Price implies The share price implies a return on equity of about 85.9%; NorthIsle Copper and Gold delivers -33.3%, so the price asks more than the business earns today.

Next results Next results expected around 25 Nov 2026 (exchange calendar; dates can move).

Relative performance

7510012515011 May 202611 Aug 20266 Nov 2026NCX.V 101Peer median 72
Six months, rebased to 100: NorthIsle Copper and Gold against the median of its 20 peers (local-currency closes).

NorthIsle Copper and Gold financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$0C$0C$0C$0C$0
Revenue growth—————
Gross profit-C$210,649-C$102,404-C$43,302-C$10,679-C$62,520
EBITDA-C$30.0M-C$17.0M-C$10.4M-C$7.99M-C$8.12M
Net income-C$24.7M-C$13.5M-C$9.51M-C$5.35M-C$6.66M
Free cash flow-C$26.7M-C$14.9M-C$9.15M-C$6.50M-C$7.23M
Capital expenditureC$353,165C$307,655C$0C$0C$0
Total debtC$662,513C$434,488C$170,603C$0C$0

Quarterly statements and history in the cockpit →

NorthIsle Copper and Gold competitor charts

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.

Performance: 6-month against 1-month return

-75%-50%-25%0%+25%-40%-20%0%+20%GROYTALALAC002141300283301613MIDHANIIIILAR688456NVRIVISC300697DVPSGML603045603399NCX.V6-month return →1-month return →
Up and to the right = strong over both horizons. NorthIsle Copper and Gold is the large dot.

Fundamentals: return on equity against price-to-book

-50%0%00×2.50×50×7.50×GROYTALALAC002141300283301613MIDHANIIII688456NVRIVISCDVPSGMLMARI603045600231603399NCX.VReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. NorthIsle Copper and Gold is the large dot.

Capital: ROE delivered against the ROE the price implies

-50%0%50%-50%0%50%GROYTALALAC002141300283301613III688456NVRISGMLMARI603045600231603399NCX.VROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. NorthIsle Copper and Gold is the large dot.

NorthIsle Copper and Gold competitors and peer comparison

Head to head with its named competitors (NCX.V vs EMAT vs SLS.TO vs TECK-B.TO)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
NorthIsle Copper and Gold NCX.V$725M+3%n/a-33%7.55×85.9%
Evolution Metals & Technologies EMAT$1.23B-79%n/an/an/an/a
Solaris Resources SLS.TO$1.19B-28%n/an/an/an/a
Teck Resources TECK-B.TO$29.9B+3%+44%14%1.46×16.0%

How NorthIsle Copper and Gold compares with its peers

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.

NorthIsle Copper and Gold against its 20 peers (data as of 6 Nov 2026)
MeasureNCX.VPeer medianRank in peer set
1-month return-15.3%-18.1%9th highest of 21
6-month return+3.4%-24.4%3rd highest of 20
Return on equity-33.3%0.2%4th lowest of 20
Price / book7.55×2.46×2nd most expensive of 20
ROE the price implies85.9%16.0%most demanding of 20
ROE delivered-33.3%-2.5%4th lowest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
NorthIsle Copper and Gold NCX.VCanada$725M+3%n/a-33%7.55×85.9%-33.3%
Gold Royalty GROYUnited States$723M-14%+82%0%0.99×10.6%0.2%
Talamore Mining TALA.TOCanada$728M-32%n/a-61%5.37×84.0%-60.7%
Lithium Americas LAC.TOCanada$712M-64%n/a-9%0.49×10.7%-9.3%
Infund 002141.SZChina$738M+32%-3%9%5.48×37.3%8.8%
Wenzhou Hongfeng Electrical Alloy 300283.SZChina$712M-23%+48%11%3.87×39.0%11.1%
Alnera Aluminium 301613.SZChina$749M-36%+31%7%2.07×16.0%7.1%
Mishra Dhatu Nigam MIDHANI.NSIndia$753M-8%+18%9%4.64×72.6%n/a
Imperial Metals III.TOCanada$759M-2%+5%11%1.00×8.7%11.0%
Lithium Argentina LARUnited States$686M-64%n/a-7%0.89×12.4%-6.6%
GRIPM Advanced Materials 688456.SSChina$780M-24%+34%7%4.00×47.8%7.3%
Enviri NVRIUnited States$672M+24%-23%-81%1.05×6.5%-81.2%
Gruvaktiebolaget Viscaria VISC.STSweden$669M-1%n/a-5%1.31×8.3%-5.2%
Jiangyin Electrical Alloy 300697.SZChina$791M-24%+54%16%3.74×34.1%15.8%
Develop Global DVP.AXAustralia$801M-43%+68%1%1.72×14.9%1.3%
Sigma Lithium SGMLUnited States$655M-73%-14%-32%7.94×47.3%-31.8%
Marimaca Copper MARI.TOCanada$652M-18%n/a-16%2.46×14.1%-16.4%
Fuda New Material 603045.SSChina$645M-31%+63%33%3.21×38.8%33.5%
Lingyuan Iron & Steel 600231.SSChina$642M-31%-3%-60%1.61×13.8%-59.6%
Jinzhou Yongshan Lithium 603399.SSChina$821M-45%+50%-8%3.51×35.1%-7.8%
IMC Rare Earths IMCUnited States$824Mn/an/an/an/an/an/a

Questions

Who are NorthIsle Copper and Gold's main competitors?
Named competitors: Ivanhoe Electric (EMAT), Solaris Resources (SLS.TO), Teck Resources (TECK-B.TO). The cockpit's measured peer set (industry) also includes Gold Royalty (GROY), Talamore Mining (TALA.TO), Lithium Americas (LAC.TO), Infund (002141.SZ), Wenzhou Hongfeng Electrical Alloy (300283.SZ), Alnera Aluminium (301613.SZ).
Is NorthIsle Copper and Gold expensive compared with its peers?
On price / book it trades at 7.55× against a peer median of 2.46×, 2nd most expensive of 20 in its peer set. The share price implies a return on equity of about 85.9%; NorthIsle Copper and Gold delivers -33.3%, so the price asks more than the business earns today.
How has NorthIsle Copper and Gold stock performed?
Over six months to 6 Nov 2026 the shares returned +3.4% against -24.4% for the median peer; over one year +68.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.