Midnight Sun Mining Corp (MMA) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of Midnight Sun Mining Corp C$0.11, price C$0.49, upside -77.2%, quality 29 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 9, 2026.
How to read this chart
60‑month range C$0.1100 – C$1.90 · fair‑value band C$0.0765 – C$0.1445 · the C$0.4850 price screens above the C$0.1105 fair value. Dashed = 300-day average. As of Oct 9, 2026.
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Midnight Sun Mining Corp. acquires and explores mineral properties in Africa. The company primarily explores for copper, cobalt, nickel, and gold deposits. Its flagship project is the Solwezi Project located in Zambia. The company was formerly known as Midnight Sun Capital Corporation and changed its name to Midnight Sun Mining Corp. in February 2011.
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Midnight Sun Mining Corp. acquires and explores mineral properties in Africa. The company primarily explores for copper, cobalt, nickel, and gold deposits. Its flagship project is the Solwezi Project located in Zambia. The company was formerly known as Midnight Sun Capital Corporation and changed its name to Midnight Sun Mining Corp. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is based in Vancouver, Canada.
Stock analysis
Midnight Sun Mining Corp (MMA) currently trades at C$0.4850, while our model-based Fair Value estimate is C$0.1105, 77.2% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 88/100, which puts the evidence level at low.
Scenario range: C$0.0765 (bear) to C$0.1445 (bull), the price of C$0.4850 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 29/100 (below-average quality), in the Basic Materials sector.
Midnight Sun Mining Corp reported revenue of C$0 in FY2025 versus C$0 in FY2021. Reported net income was −C$14.2M in FY2025.
Key figures
Market cap C$104M (≈ $72.9M) · EPS (TTM) C$−0.1400 · Return on equity −109% · Return on assets (EBIT) −20.0% · Free cash flow −C$12.8M · Net debt C$352K.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 72% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −77%, MMA screens richer than that median.
Fair Value models
Bear C$0.0765Fair Value C$0.1105Bull C$0.1445
Price C$0.4850 · Upside -77.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Industrial Metals & Mining · 370 stocks
Beats the industry median on 1/7 measures
Overall it trails its industry peers.
Valuation
Quality Score29 · Bottom 25%
Fair Value upside−77.2% · Bottom 25%
Profitability
Return on assets−64.9% · Bottom 25%
Operating margin (TTM)0.0% · Below median
Growth and dividend
Revenue growth0.0% · Below median
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
P/B1.70× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 78
PAST (return on equity)0· sector 0
HEALTH (low debt)100· sector 95
DIVIDEND (yield)0· sector 29
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Midnight Sun Mining Corp Fair Value". https://www.fairvalue-calculator.com/stock/MMA.V
Frequently asked questions
Is Midnight Sun Mining Corp (MMA) overvalued or undervalued?
As of Oct 9, 2026, our model estimates a fair value of C$0.1105 versus a price of C$0.4850, about −77% upside (overvalued).
What is the fair value of MMA?
Our model-based fair value for Midnight Sun Mining Corp is C$0.1105 (as of Oct 9, 2026), built from audited fundamentals. The current price: C$0.4850.
What is the quality score of MMA?
Midnight Sun Mining Corp has a Quality Score of 29/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Midnight Sun Mining Corp (MMA)?
Our model-based price target is the fair value of C$0.1105 (as of Oct 9, 2026) from 1 valuation models. Cautious scenario C$0.0765, optimistic scenario C$0.1445. It is a calculation from audited fundamentals, not an analyst target.
What is the Midnight Sun Mining Corp stock forecast for 2026?
Our models put fair value at C$0.1105, about −77% upside versus a price of C$0.4850 (overvalued). Cautious scenario C$0.0765, optimistic scenario C$0.1445. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Midnight Sun Mining Corp (MMA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Midnight Sun Mining Corp it is C$0.1105 per share (as of Oct 9, 2026), against a price of C$0.4850. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Midnight Sun Mining Corp stock overvalued or undervalued in 2026?
As of Oct 9, 2026, MMA trades above its calculated fair value: price C$0.4850, fair value C$0.1105, a gap of about −77% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MMA?
No. The price is what the market pays today (C$0.4850); the fair value is what the company's own numbers justify (C$0.1105). For Midnight Sun Mining Corp the two are C$0.3745 per share apart. That gap is exactly why we show both numbers side by side.
How much is Midnight Sun Mining Corp worth?
The market values Midnight Sun Mining Corp at about C$104M (market capitalisation, as of Oct 9, 2026). Per share that is C$0.4850; our models calculate a fair value of C$0.1105 per share.
What do the bullish and bearish scenarios say about MMA?
Our models span a range for Midnight Sun Mining Corp: cautious scenario C$0.0765, base C$0.1105, optimistic C$0.1445 per share (as of Oct 9, 2026, price C$0.4850). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Midnight Sun Mining Corp (MMA)?
Balance-sheet figures for Midnight Sun Mining Corp (as of Oct 9, 2026): return on equity −109.0%, debt of 0.00 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is MMA from its 52-week high?
Midnight Sun Mining Corp trades at C$0.4850, about 72% below its 52-week high of C$1.75 and 5% above the low of C$0.4600 (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.1105 is for.
Which stocks are comparable to Midnight Sun Mining Corp?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, China Tungsten And Hightech Materials Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Midnight Sun Mining Corp stock attractive at the current price?
The data as of Oct 9, 2026: price C$0.4850, calculated fair value C$0.1105 (−77%), Quality Score 29/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MMA calculated?
We run Midnight Sun Mining Corp through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of C$0.1105, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Midnight Sun Mining Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Midnight Sun Mining Corp (MMA)?
The closing price on Oct 8, 2026 was C$0.4850. Our model-based fair value is C$0.1105, about −77% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Midnight Sun Mining Corp right now?
The price sits above even our optimistic bull case (C$0.1445). The favourable scenario is already priced in. Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (C$0.0765 to C$0.1445) leaves room in how you read the outcome.
Key figures of Midnight Sun Mining Corp
How large is the market capitalisation of Midnight Sun Mining Corp (MMA)?
The market capitalisation of Midnight Sun Mining Corp is C$104M (≈ $72.9M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Midnight Sun Mining Corp (MMA)?
Earnings per share at Midnight Sun Mining Corp are C$−0.1400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Midnight Sun Mining Corp (MMA)?
The return on equity (ROE) of Midnight Sun Mining Corp is −109% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Midnight Sun Mining Corp (MMA)?
On an EBIT basis the return on assets of Midnight Sun Mining Corp is −20.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How much free cash flow does Midnight Sun Mining Corp (MMA) generate?
The free cash flow of Midnight Sun Mining Corp is −C$12.8M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Midnight Sun Mining Corp (MMA) carry?
The net debt of Midnight Sun Mining Corp is C$352K (fiscal year 2023). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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