LODE Stock Analysis: Comstock Mining | NYSE MKT
Other Precious Metals & Mining | NYSE MKT, USA | Market Cap: 200m USD | 12M Return: -12.8% | US2057504092 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.07M
Qual. Beats: 0
Rev. Trend: 8.3%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Comstock Inc. (LODE) is a Virginia City, Nevada-based holding company that commercializes technologies for extracting and converting under-utilized waste and natural resources into clean energy and related products in the United States. The company operates through four segments: Fuels, Metals, Mining, and Strategic Investments, with a stated focus on developing processes that transform lignocellulosic biomass (plant-based waste materials such as agricultural or forestry residues) into intermediates for advanced renewable fuels. It also retains a 100% interest in the Lucerne Project (Storey County, NV) and the Spring Valley Project (Lyon County, NV), offers engineering and construction services, and holds non-mining real estate, water rights, and securities investments. Founded in 1999 and listed on NYSE MKT since 2003, Comstock is classified under the GICS Materials sector, with its Gold sub-industry designation reflecting its historical mining roots even as current operations pivot toward clean energy and resource recovery.
- Renewable fuels commercialization accelerates segment revenue growth
- Nevada gold projects Lucerne and Spring Valley drive mining segment margins
- Water rights and real estate asset monetization strengthens balance sheet liquidity
| Net Income: -61.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.20 > 0.02 and ΔFCF/TA -6.98 > 1.0 |
| NWC/Revenue: 3.94k% < 20% (prev 232.6%; Δ 3.70k% < -1%) |
| CFO/TA -0.16 > 3% & CFO -30.5m > Net Income -61.0m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 3.20 > 1.5 & < 3 |
| Outstanding Shares: last quarter (75.8m) vs 12m ago 158.5% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.59% > 50% (prev 2.21%; Δ -1.62% > 0%) |
| Interest Coverage Ratio: -53.80 > 6 (EBIT TTM -46.5m / Interest Expense TTM 865k) |
| A: 0.21 (Total Current Assets 58.1m - Total Current Liabilities 18.2m) / Total Assets 193.5m |
| B: -2.14 (Retained Earnings -413.6m / Total Assets 193.5m) |
| C: -0.27 (EBIT TTM -46.5m / Avg Total Assets 170.9m) |
| D: 2.60 (Book Value of Equity 137.3m / Total Liabilities 52.9m) |
| Altman-Z'' = -4.72 = D |
| DSRI: 1.35 (Receivables 1.34m/3.22m, Revenue 1.01m/3.28m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 0.84 (AQ_t 0.42 / AQ_t-1 0.51) |
| SGI: 0.31 (Revenue 1.01m / 3.28m) |
| TATA: -0.16 (NI -61.0m - CFO -30.5m) / TA 193.5m) |
| Beneish M = -3.35 (Cap -4..+1) = AA |
As of September 20, 2026, the stock is trading at USD 2.65 with a total of 2,193,341 shares traded. Over the past week, the price has changed by -6.03%, over one month by -22.74%, over three months by -44.44% and over the past year by -12.83%.
Current recommended Stop Loss: 2.30 (which is 13.2% or 1.7 ATR below the current price).
Comstock Mining has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold LODE.
- StrongBuy: 0
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 6.8 | 154.7% |
P/E Forward = 24.3902
P/S = 196.7562
P/B = 1.3777
Revenue TTM = 1.01m USD
EBIT TTM = -46.5m USD
EBITDA TTM = -40.8m USD
Long Term Debt = 10.9m USD (from longTermDebt, last quarter)
Short Term Debt = 857k USD (from shortTermDebt, last quarter)
Debt = 52.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 19.4m
Net Debt = 20.8m USD (calculated: Debt 52.2m - CCE 31.4m)
Enterprise Value = 220.6m USD (199.9m + Debt 52.2m - CCE 31.4m)
Interest Coverage Ratio = -53.80 (Ebit TTM -46.5m / Interest Expense TTM 865k)
EV/FCF = -5.63x (Enterprise Value 220.6m / FCF TTM -39.2m)
FCF Yield = -17.75% (FCF TTM -39.2m / Enterprise Value 220.6m)
FCF Margin = -3.86k% (FCF TTM -39.2m / Revenue TTM 1.01m)
Net Margin = -6.01k% (Net Income TTM -61.0m / Revenue TTM 1.01m)
Gross Margin = unknown ((Revenue TTM 1.01m - Cost of Revenue TTM 7.04m) / Revenue TTM)
Tobins Q-Ratio = 1.14 (Enterprise Value 220.6m / Total Assets 193.5m)
Interest Expense / Debt = 1.66% (Interest Expense 865k / Debt 52.2m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -36.8m (EBIT -46.5m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 3.20 (Total Current Assets 58.1m / Total Current Liabilities 18.2m)
Debt / Equity = 0.38 (Debt 52.2m / totalStockholderEquity, last quarter 137.3m)
Debt / EBITDA = -0.51 (negative EBITDA) (Net Debt 20.8m / EBITDA -40.8m)
Debt / FCF = -0.53 (negative FCF - burning cash) (Net Debt 20.8m / FCF TTM -39.2m)
Total Stockholder Equity = 129.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -35.70% (Net Income -61.0m / Total Assets 193.5m)
RoE = -46.95% (Net Income TTM -61.0m / Total Stockholder Equity 129.9m)
RoCE = -33.04% (EBIT -46.5m / Capital Employed (Equity 129.9m + L.T.Debt 10.9m))
RoIC = -20.87% (negative operating profit) (NOPAT -36.8m / Invested Capital 176.2m)
WACC = 8.53% (E(199.9m)/V(252.0m) * Re(10.42%) + D(52.2m)/V(252.0m) * Rd(1.66%) * (1-Tc(0.21)))
Discount Rate = 10.42% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 95.16 | Cagr: 129.3%
[DCF] Fair Price = unknown (Cash Flow -39.2m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.01 | # QB: 0
Revenue Correlation: 8.31 | Revenue CAGR: 4.51% | SUE: -2.17 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.06 | Chg30d=+166.67% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=-0.54 | Chg30d=-31.71% | Revisions=+25% | GrowthEPS=+49.5% | GrowthRev=+303.8%
EPS next Year (2027-12-31): EPS=-0.37 | Chg30d=-215.62% | Revisions=-25% | GrowthEPS=+31.5% | GrowthRev=+410.0%