Namib Minerals is a US-listed company in the gold industry. Its financial year ends in December.
Stock price today
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Fair value per share
Under review: data-quality checks not passed.
Price vs value
Under review: data-quality checks not passed. We'll show the comparison once resolved.
Namib Minerals valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Funds8 adding, 9 cuttingOf 2 active managers that changed their stake, 1 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Namib Minerals's trailing-twelve-month revenue fell 3.8% year on year, with a free-cash-flow margin of 3.1%.
Current signal Free cash flow diverging from earnings: TTM free cash flow fell 77.9% while net income grew 2720.0%: a 2798pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
Nothing in Namib Minerals's latest figures clears our strength thresholds.
Things to watch
- Revenue shrinking. Revenue fell 3.8% over the last 12 months.
- Growth slowing. The growth rate is 35.8 points lower than a quarter earlier.
- Share dilution. Diluted shares rose 12.6% in a year.
- Gross margin slipping. Gross margin is down 3.7 points on a year ago.
- Weak cash conversion. Free cash flow was 3% of net income over the last 12 months.
Price chart
- 1 day-2.6%
- 1 week-7.1%
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At a glance
Profitability
- Revenue (TTM)
- $82.6M
- Net margin
- 122.5%
- EPS (TTM, diluted)
- $1.84
Growth
- Revenue growth
- −3.8%
- Change in growth rate
- −35.8 pts
- Share count change
- +12.6%
Cash
- Free cash flow (TTM)
- $2.5M
- FCF margin
- 3.1%
- Stock pay % of revenue
- 0.3%
News & updates
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for NAMM from the sources we follow. See filings →
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
Forecasts and guidance
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | — | — | $115m | +39% |
| Next | — | — | $176m | +54% |
Positioning
- Short interest
- — of tradable shares
- Days to cover
- 0.11 at average volume
- Short interest, 1 month
- +56% to October 15, 2026
- Held by institutions
- 2% of shares
- Held by insiders
- 88.0% of shares
- Employees
- 1,500 full time
Share-price performance
Market data may be delayedPrice behaviour
- 52-week range
- Not enough history
- From 52-week high
- —
- vs 50-day average
- —
- vs 200-day average
- —
- Volatility (1 year)
- —
- Beta vs S&P 500
- —
Fundamentals
Financial statements
| Fiscal year | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|
| Income | |||
| Revenue | 65 | 86 | 83 |
| Gross profit | 22 | 39 | 34 |
| Net income | 4 | 4 | 101 |
| Diluted EPS | $0.07 | $0.07 | $1.84 |
| Growth (year on year) | |||
| Revenue | — | +32.0% | −3.8% |
| Net income | — | −1.1% | +>999% |
| Diluted EPS | — | 0.0% | +>999% |
| Margins | |||
| Gross margin | 34.5% | 45.2% | 41.4% |
| Net margin | 5.6% | 4.2% | 122.5% |
| Free-cash-flow margin | 13.4% | 13.3% | 3.1% |
| Cash flow | |||
| Cash from operations | 15 | 19 | 14 |
| Capital spending | 6 | 8 | 11 |
| Free cash flow | 9 | 11 | 3 |
| Stock-based pay | — | 3 | 0 |
| Free cash flow after stock pay | — | 9 | 2 |
| Balance sheet | |||
| Cash | 0 | −0 | 2 |
| Total debt | 2 | 3 | 5 |
| Net debt (negative = net cash) | 2 | 3 | 3 |
| Diluted shares | 49m | 49m | 55m |
| Returned to shareholders | |||
| Dividends | 8 | 9 | — |
| Total returned | 8 | 9 | — |
Financial health
- Short-term assets cover short-term liabilities $16m of assets due within a year against $54m of liabilities due within a year.
- Short-term assets cover long-term liabilities $16m short-term assets against $48m of longer-dated liabilities.
- More cash than debt Cash or debt not separately reported. Not assessable.
- Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
- Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
- A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
- Operating profit covers interest at least five times over Interest not separately reported. Not assessable.
Dividends, buybacks and capital spending
- Dividends (TTM)
- $9M
- Returned to shareholders
- 79%
- of free cash flow
- Diluted share count
- +12.6%
- year over year
- Dividend payout ratio
- 9%
- of net income paid out
- Days sales outstanding
- 24 days
- receivables vs revenue
Competitors: side by side with peers
| Last 12 months unless stated | NAMM | IDR | ITRG | CMCL | OR | DRD | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $83m | $51m | $244m | $268m | $277m | $661m | $1.8bn |
| Revenue growth, last 12 months | −3.8% | 66.8% | 703.7% | 46.2% | 45.1% | 52.3% | 52.3% |
| Revenue growth, 3-year average | — | 63.0% | — | 27.0% | — | — | 35.2% |
| Revenue growth, latest quarter | — | 13.2% | — | 13.8% | — | — | 14.5% |
| Gross margin | 41.4% | 64.1% | 38.8% | 51.2% | 83.8% | 53.5% | 51.2% |
| Operating margin | — | 45.1% | 27.6% | 41.0% | 70.9% | 51.4% | 41.2% |
| Operating margin, 3-year average | — | 32.5% | — | 22.0% | — | 26.3% | 26.0% |
| Net margin | 122.5% | 44.0% | −0.9% | 20.6% | 74.3% | 38.1% | 30.4% |
| Cash from operations / revenue | 16.7% | 52.7% | 29.6% | 28.5% | 88.5% | 50.9% | 45.2% |
| Free-cash-flow margin | 3.1% | 33.0% | 10.3% | 16.4% | 88.1% | 19.2% | 25.2% |
| Free-cash-flow margin, 3-year average | — | 28.2% | — | 6.5% | — | 13.8% | 13.8% |
| Stock pay / revenue | 0.3% | 1.6% | 0.8% | — | 3.0% | 0.4% | 0.8% |
| Change in share count | 12.6% | 14.4% | 75.5% | 0.4% | 0.8% | 0.4% | 3.0% |
Who owns it
Funds buying and selling- Reported value
- $902,373
- Institutions reporting
- 12
- Shares held vs prior quarter
- ▲ 188.7%
- Positions opened / closed
- 6 / 6
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Polar Asset Management Partners Inc. | $530,363 | 574K | 58.8% | New |
| Jane Street Group, LLC | $152,406 | 81K | 16.9% | ▲ 302.7% |
| UBS Group AG | $125,553 | 67K | 13.9% | ▼ 19.8% |
| Scientech Research LLC | $25,419 | 14K | 2.8% | New |
| Verdad Advisers, LP | $23,966 | 13K | 2.7% | New |
| Two Sigma Investments, LP | $22,389 | 12K | 2.5% | New |
| Concurrent Investment Advisors, LLC | $18,800 | 10K | 2.1% | New |
| Morgan Stanley | $1,880 | 1K | 0.2% | ▼ 97.7% |
| Jones Financial Companies LLLP | $875 | 0K | 0.1% | 0.0% |
| Caitong International Asset Management Co., Ltd | $449 | 0K | 0.0% | New |
| Sbi Securities Co., Ltd. | $252 | 0K | 0.0% | ▲ 482.6% |
| Citigroup Inc | $21 | 0K | 0.0% | ▼ 26.7% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Namib Minerals's complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chartFrom insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Results announcements
Recent SEC filings
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Namib Minerals in brief
- What does Namib Minerals do?
- Namib Minerals is a US-listed company in the gold industry. Its financial year ends in December.
- What is Namib Minerals's stock ticker?
- Namib Minerals trades under the ticker NAMM on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- What is Namib Minerals's revenue, and how fast is it growing?
- Over its most recent trailing twelve months, Namib Minerals reported revenue of $82.6M, 3.8% lower than a year earlier, according to its SEC filings.
- What is Namib Minerals's free cash flow?
- Namib Minerals's free-cash-flow margin is 3.1% of revenue over the trailing twelve months.
- Who are Namib Minerals's largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Polar Asset Management Partners Inc., Jane Street Group, LLC and UBS Group AG. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Does Namib Minerals pay a dividend?
- Yes: Namib Minerals paid $9M in dividends over the trailing twelve months and a payout ratio of 8.9%.
- Who are Namib Minerals's competitors?
- In our Gold peer group, the companies closest to Namib Minerals are Idaho Strategic Resources, Inc., Integra Resources Corp., Caledonia Mining Corp plc, OR Royalties Inc. and Drdgold LTD. The side-by-side comparison below sets their revenue, margins and growth against Namib Minerals's.
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