(LODE) Comstock Mining - Overview

Exchange: NYSE MKT • Country: United States • Currency: USD • Type: Common Stock • ISIN: US2057504092

Stock: Renewable Fuels, Metals, Mining Services, Real Estate

Total Rating 7

Risk 35

Buy Signal -0.29

Other Precious Metals & Mining » Gold
Age: 22.9y

Market Cap: 207m
Avg Trading Vol: 7.71M USD

ATR: 13.65%
Peers RS (IBD): 0.10

EPS (Earnings per Share)

EPS CAGR: -4.51%
EPS Trend: -39.4%

Last SUE: -0.36
Qual. Beats: 0

Revenue

Rev. CAGR: -41.21%
Rev. Trend: 48.8%

Last SUE: -2.03
Qual. Beats: 0

Risk 5d forecast
Volatility	137%
Relative Tail Risk	-6.10%

Reward TTM
Sharpe Ratio	0.09
Alpha	-40.60

Character TTM
Beta	1.027
Beta Downside	1.101

Drawdowns 3y
Max DD	85.48%
CAGR/Max DD	-0.15

Description: LODE Comstock Mining January 20, 2026

Comstock Mining Inc. (NYSE MKT: LODE) operates a diversified business model that combines systemic decarbonization technology with traditional mining activities in Nevada. The firm is organized into five segments-Fuels, Metals, Mining, Strategic Investments, and Corporate Services-developing processes to convert lignocellulosic biomass waste into renewable-fuel intermediates while also owning and advancing the Lucerne and Spring Valley gold projects in Storey and Lyon Counties, respectively.

Key data points to watch: as of the latest filing, LODE’s market capitalization hovers around $30 million, with a cash-burn rate of roughly $5 million per quarter, reflecting its early-stage technology rollout. The company’s revenue exposure is heavily tied to gold prices, which have risen ~15 % year-to-date, and to the broader renewable-fuel market that analysts project to grow at a CAGR of 6-8 % through 2030. Additionally, Nevada’s gold production accounts for about 5 % of total U.S. output, providing a geographic advantage for the Lucerne and Spring Valley projects.

For a deeper dive into LODE’s financials and peer benchmarks, the ValueRay platform offers a concise, data-rich overview.

Piotroski VR‑10 (Strict, 0-10) 0.5

Net Income: -52.6m TTM > 0 and > 6% of Revenue
FCF/TA: -0.17 > 0.02 and ΔFCF/TA -4.14 > 1.0
NWC/Revenue: 767.2% < 20% (prev 948.0%; Δ -180.8% < -1%)
CFO/TA -0.13 > 3% & CFO -22.8m > Net Income -52.6m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 2.54 > 1.5 & < 3
Outstanding Shares: last quarter (41.7m) vs 12m ago 121.8% < -2%
Gross Margin: -53.14% > 18% (prev -0.13%; Δ -5300 % > 0.5%)
Asset Turnover: 1.98% > 50% (prev 1.80%; Δ 0.19% > 0%)
Interest Coverage Ratio: -20.55 > 6 (EBITDA TTM -47.2m / Interest Expense TTM 2.44m)

Altman Z'' -15.00

A: 0.12 (Total Current Assets 35.1m - Total Current Liabilities 13.8m) / Total Assets 176.3m
B: -2.07 (Retained Earnings -365.5m / Total Assets 176.3m)
C: -0.36 (EBIT TTM -50.2m / Avg Total Assets 140.0m)
D: -6.69 (Book Value of Equity -365.3m / Total Liabilities 54.6m)
Altman-Z'' Score: -15.40 = D

Beneish M 1.00

DSRI: 45.91 (Receivables 1.80m/26.4k, Revenue 2.78m/1.86m)
GMI: 1.00 (fallback, negative margins)
AQI: 0.89 (AQ_t 0.47 / AQ_t-1 0.53)
SGI: 1.49 (Revenue 2.78m / 1.86m)
TATA: -0.17 (NI -52.6m - CFO -22.8m) / TA 176.3m)
Beneish M-Score: 34.05 (Cap -4..+1) = D

What is the price of LODE shares?

As of February 07, 2026, the stock is trading at USD 2.78 with a total of 3,012,808 shares traded.
Over the past week, the price has changed by -5.76%, over one month by -27.42%, over three months by +2.58% and over the past year by -22.00%.

Is LODE a buy, sell or hold?

Comstock Mining has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold LODE.

StrongBuy: 0
Buy: 0
Hold: 1
Sell: 0
StrongSell: 0

What are the forecasts/targets for the LODE price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	5.4	93.5%
Analysts Target Price	5.4	93.5%
ValueRay Target Price	2.5	-10.4%

LODE Fundamental Data Overview February 04, 2026

P/S = 74.4943
P/B = 1.7784
Revenue TTM = 2.78m USD
EBIT TTM = -50.2m USD
EBITDA TTM = -47.2m USD
Long Term Debt = 11.1m USD (from longTermDebt, last quarter)
Short Term Debt = 158.7k USD (from shortTermDebt, last quarter)
Debt = 27.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -4.04m USD (from netDebt column, last quarter)
Enterprise Value = 202.9m USD (207.0m + Debt 27.7m - CCE 31.7m)
Interest Coverage Ratio = -20.55 (Ebit TTM -50.2m / Interest Expense TTM 2.44m)
EV/FCF = -6.72x (Enterprise Value 202.9m / FCF TTM -30.2m)
FCF Yield = -14.88% (FCF TTM -30.2m / Enterprise Value 202.9m)
FCF Margin = -1087 % (FCF TTM -30.2m / Revenue TTM 2.78m)
Net Margin = -1894 % (Net Income TTM -52.6m / Revenue TTM 2.78m)
Gross Margin = -53.14% ((Revenue TTM 2.78m - Cost of Revenue TTM 4.25m) / Revenue TTM)
Gross Margin QoQ = none% (prev -139.7%)
Tobins Q-Ratio = 1.15 (Enterprise Value 202.9m / Total Assets 176.3m)
Interest Expense / Debt = 1.21% (Interest Expense 336.1k / Debt 27.7m)
Taxrate = 21.0% (US default 21%)
NOPAT = -39.7m (EBIT -50.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.54 (Total Current Assets 35.1m / Total Current Liabilities 13.8m)
Debt / Equity = 0.23 (Debt 27.7m / totalStockholderEquity, last quarter 118.4m)
Debt / EBITDA = 0.09 (negative EBITDA) (Net Debt -4.04m / EBITDA -47.2m)
Debt / FCF = 0.13 (negative FCF - burning cash) (Net Debt -4.04m / FCF TTM -30.2m)
Total Stockholder Equity = 81.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -37.59% (Net Income -52.6m / Total Assets 176.3m)
RoE = -64.52% (Net Income TTM -52.6m / Total Stockholder Equity 81.6m)
RoCE = -54.18% (EBIT -50.2m / Capital Employed (Equity 81.6m + L.T.Debt 11.1m))
RoIC = -40.27% (negative operating profit) (NOPAT -39.7m / Invested Capital 98.5m)
WACC = 8.67% (E(207.0m)/V(234.6m) * Re(9.70%) + D(27.7m)/V(234.6m) * Rd(1.21%) * (1-Tc(0.21)))
Discount Rate = 9.70% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 90.12%
Fair Price DCF = unknown (Cash Flow -30.2m)
EPS Correlation: -39.43 | EPS CAGR: -4.51% | SUE: -0.36 | # QB: 0
Revenue Correlation: 48.79 | Revenue CAGR: -41.21% | SUE: -2.03 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.14 | Chg30d=-0.065 | Revisions Net=+0 | Analysts=2
EPS next Year (2026-12-31): EPS=-0.32 | Chg30d=-0.240 | Revisions Net=+0 | Growth EPS=+61.7% | Growth Revenue=+1718.2%

Additional Sources for LODE Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle