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The latest announcement is out from Globex Mining Ent ( (TSE:GMX) ).
Globex Mining reported that its option partner Antimony Resources Corp. has discovered a new zone of massive stibnite, an antimony-bearing sulphide, on the Marcus (West) Zone of the Bald Hill property in New Brunswick. The zone, exposed over 25 metres during access road construction, appears separate from the previously targeted Main Zone and can be efficiently tested with shallow drilling, potentially expanding the project’s mineralized footprint.
Antimony Resources has also begun a 2026 definition drilling program on the Main Zone at Bald Hill, deploying two drill rigs with a third to be added, to systematically sample a 600-metre strike length down to 300 metres depth. The company expects that the planned drill density will support calculation of an initial mineral resource for Bald Hill, which could enhance the project’s value and bolster Globex’s position as a project generator with antimony exposure in a strategic critical mineral.
The most recent analyst rating on (TSE:GMX) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Globex Mining Ent stock, see the TSE:GMX Stock Forecast page.
Spark’s Take on TSE:GMX Stock
According to Spark, TipRanks’ AI Analyst, TSE:GMX is a Neutral.
The score is primarily held back by mixed financial quality—negative TTM EBIT and negative operating/free cash flow—despite a very conservative, low-debt balance sheet. Technicals are supportive due to a strong uptrend, but overbought readings increase near-term reversal risk. Valuation is moderate-to-stretched (P/E ~25.4) with no dividend support.
To see Spark’s full report on TSE:GMX stock, click here.
More about Globex Mining Ent
Globex Mining Enterprises Inc. is a North America-focused mineral property company listed on the Toronto Stock Exchange and multiple European and U.S. markets. The firm assembles, explores and options out a diversified portfolio of metal and mineral projects, generating value through partnerships and royalty or option agreements rather than solely through in-house mine development.
Average Trading Volume: 61,450
Technical Sentiment Signal: Buy
Current Market Cap: C$148.8M
See more data about GMX stock on TipRanks’ Stock Analysis page.