O3 Mining Inc.

OTCPK:OIII.F Stock Report

Market Cap: US$83.0m

O3 Mining Valuation

Is OIII.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of OIII.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OIII.F ($0.74) is trading below our estimate of fair value ($97)

Significantly Below Fair Value: OIII.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OIII.F?

Key metric: As OIII.F is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for OIII.F. This is calculated by dividing OIII.F's market cap by their current book value.
What is OIII.F's PB Ratio?
PB Ratio0.5x
BookCA$240.16m
Market CapCA$116.39m

Price to Book Ratio vs Peers

How does OIII.F's PB Ratio compare to its peers?

The above table shows the PB ratio for OIII.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average2.9x
VGZ Vista Gold
4xn/aUS$73.4m
XTGR.F Xtra-Gold Resources
4.4xn/aUS$56.5m
FTCO Fortitude Gold
1.1xn/aUS$126.9m
DC Dakota Gold
2.2xn/aUS$206.8m
OIII.F O3 Mining
0.5x67.8%US$116.4m

Price-To-Book vs Peers: OIII.F is good value based on its Price-To-Book Ratio (0.5x) compared to the peer average (2.9x).

Price to Book Ratio vs Industry

How does OIII.F's PB Ratio compare vs other companies in the US Metals and Mining Industry?

8 CompaniesPrice / BookEstimated GrowthMarket Cap
NEVD.Q Nevada Copper
0.1xn/aUS$26.02m
VITF.F Victoria Gold
0.06xn/aUS$23.43m
BMXI Brookmount Explorations
0.1xn/aUS$6.20m
LITM Snow Lake Resources
0.2xn/aUS$3.58m
OIII.F 0.5xIndustry Avg. 1.8xNo. of Companies14PB012345+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: OIII.F is good value based on its Price-To-Book Ratio (0.5x) compared to the US Metals and Mining industry average (1.7x).

Price to Book Ratio vs Fair Ratio

What is OIII.F's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OIII.F PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.5x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate OIII.F's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst OIII.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$0.74
US$2.22
+198.0%
20.0%US$2.86US$1.72n/a6
Nov ’25US$0.80
US$2.29
+186.6%
23.5%US$3.16US$1.72n/a6
Oct ’25US$0.78
US$2.26
+189.9%
21.1%US$2.94US$1.65n/a6
Sep ’25US$0.78
US$2.36
+204.7%
24.3%US$3.26US$1.67n/a4
Aug ’25US$0.85
US$2.46
+189.7%
21.7%US$3.23US$1.65n/a7
Jul ’25US$0.94
US$2.48
+162.3%
21.8%US$3.21US$1.64n/a7
Jun ’25US$1.00
US$2.49
+149.3%
21.4%US$3.21US$1.64n/a7
May ’25US$1.09
US$2.60
+138.1%
18.9%US$3.19US$1.63n/a6
Apr ’25US$1.07
US$2.68
+150.5%
18.4%US$3.25US$1.66n/a6
Mar ’25US$1.04
US$2.68
+157.8%
18.4%US$3.25US$1.66n/a6
Feb ’25US$1.10
US$2.63
+140.0%
19.4%US$3.28US$1.68n/a6
Jan ’25US$1.20
US$2.71
+125.9%
12.5%US$3.21US$2.24n/a6
Dec ’24US$1.23
US$2.70
+119.4%
11.3%US$3.16US$2.20n/a6
Nov ’24US$1.14
US$2.69
+135.9%
11.3%US$3.15US$2.20US$0.806
Oct ’24US$1.08
US$2.78
+156.5%
11.8%US$3.17US$2.21US$0.787
Sep ’24US$1.11
US$2.82
+155.5%
11.8%US$3.17US$2.21US$0.786
Aug ’24US$1.08
US$2.88
+166.7%
11.2%US$3.27US$2.28US$0.857
Jul ’24US$1.16
US$2.95
+155.6%
12.8%US$3.42US$2.28US$0.948
Jun ’24US$1.17
US$2.92
+149.7%
14.9%US$3.71US$2.23US$1.008
May ’24US$1.23
US$2.90
+135.9%
14.6%US$3.67US$2.20US$1.098
Apr ’24US$1.01
US$2.75
+172.3%
16.7%US$3.18US$1.66US$1.078
Mar ’24US$1.10
US$2.75
+151.2%
16.7%US$3.18US$1.66US$1.048
Feb ’24US$1.20
US$2.78
+132.7%
16.3%US$3.19US$1.67US$1.108
Jan ’24US$1.13
US$2.56
+127.2%
18.6%US$2.96US$1.67US$1.207
Dec ’23US$1.25
US$2.56
+105.0%
18.6%US$2.96US$1.67US$1.237
Nov ’23US$0.89
US$2.49
+181.1%
20.0%US$2.91US$1.64US$1.147

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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