Silver X Mining (TSE:AGX)
:AGX
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Silver X Mining
(AGX)
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Rating:51Neutral
Price Target:
C$0.81
▼(-5.35% Downside)
Action:Reiterated
Date:06/01/26
The score is driven primarily by mixed financial performance: strong revenue growth and low leverage are positives, but persistent negative free cash flow and still-fragile profitability are major risks. Technicals are neutral-to-slightly supportive, while valuation is constrained by a negative P/E and no provided dividend yield.
Positive Factors
Sustained Revenue Growth
Consistent top-line growth (TTM +30.7% to $33.3M) indicates the company is expanding production or sales execution. Over a 2–6 month horizon this supports scale benefits, improves bargaining with buyers, and underpins potential margin recovery if cost control continues.
Negative Factors
Persistent Free Cash Burn
Consistent, large negative free cash flow (~-$11M TTM) is a durable constraint: it forces reliance on external capital, can dilute shareholders, and limits reinvestment. Over 2–6 months this cash burn heightens refinancing and liquidity risk if operational improvements stall.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Consistent top-line growth (TTM +30.7% to $33.3M) indicates the company is expanding production or sales execution. Over a 2–6 month horizon this supports scale benefits, improves bargaining with buyers, and underpins potential margin recovery if cost control continues.
Read all positive factors
Silver X Mining (AGX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$213.62M
Dividend YieldN/A
Average Volume (3M)2.64M
Price to Earnings (P/E)7902.5
Beta (1Y)2.98
Revenue Growth48.46%
EPS Growth97.94%
CountryCA
Employees54
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding286,736,760
10 Day Avg. Volume2,800,620
30 Day Avg. Volume2,638,742
Financial Highlights & Ratios
PEG Ratio3.09
Price to Book (P/B)5.54
Price to Sales (P/S)7.11
P/FCF Ratio-21.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$1.54Price Target Upside79.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.02
Revenue Forecast (FY)C$63.69M
Silver X Mining Business Overview & Revenue Model
Company Description
Silver X Mining Corp. engages in the exploration, acquisition, and development of mineral properties in the Americas. Its flagship property is the Nueva Recuperada project, a silver, lead, and zinc project covering an area of 20,472 hectares locat...
How the Company Makes Money
Silver X Mining makes money primarily by producing and selling silver-bearing mineral products from its operations in Peru. Its core revenue model is tied to (1) extracting ore, (2) processing it into saleable product (typically mineral concentrat...
Silver X Mining Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
39
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 25.68M | 21.85M | 15.67M | 13.87M | 4.94M |
| Gross Profit | 5.86M | 3.85M | -491.87K | -479.93K | -6.40M |
| EBITDA | -1.73M | 1.68M | -8.04M | -3.22M | -13.39M |
| Net Income | ― | -4.45M | -12.43M | -9.25M | -15.88M |
Balance Sheet | |||||
| Total Assets | 75.30M | 53.80M | 51.86M | 66.27M | 66.86M |
| Cash, Cash Equivalents and Short-Term Investments | 10.03M | 784.43K | 484.90K | 1.02M | 4.51M |
| Total Debt | 2.63M | 3.16M | 1.76M | 2.38M | 6.54M |
| Total Liabilities | 42.35M | 34.89M | 33.15M | 27.91M | 27.80M |
| Stockholders Equity | 32.95M | 18.90M | 18.71M | 38.37M | 39.06M |
Cash Flow | |||||
| Free Cash Flow | -8.45M | -4.94M | -1.63M | -3.94M | -13.78M |
| Operating Cash Flow | -1.28M | 700.69K | 1.30M | -2.49M | -11.42M |
| Investing Cash Flow | -7.17M | -5.64M | -2.93M | -2.68M | -2.19M |
| Financing Cash Flow | 18.57M | 4.88M | 1.35M | 2.33M | 13.77M |
Silver X Mining Technical Analysis
Negative
0.86
Price Trends
0.77
Negative
0.91
Negative
0.75
Negative
Market Momentum
>-0.01
Positive
42.66
Neutral
36.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AGX, the sentiment is Negative. The current price of 0.86 is above the 20-day moving average (MA) of 0.79, above the 50-day MA of 0.77, and above the 200-day MA of 0.75, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.66 is Neutral, neither overbought nor oversold. The STOCH value of 36.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:AGX.
Silver X Mining Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | C$213.62M | 7,902.52 | -16.70% | ― | 48.46% | 97.94% | |
50 Neutral | C$185.82M | -19.60 | -45.94% | ― | ― | -129.66% | |
48 Neutral | C$364.78M | -38.52 | -88.40% | ― | ― | -122.11% | |
48 Neutral | C$20.19M | -21.97 | -5.70% | ― | ― | -5.88% | |
43 Neutral | C$266.47M | -15.81 | -38.46% | ― | ― | -15.58% | |
41 Neutral | C$17.94M | -2.94 | 510.34% | ― | ― | -13.57% |
* General Sector Average
TSE:AGX
Silver X Mining
0.72
0.48
193.88%
TSE:BHS
Bayhorse Silver
0.05
0.00
0.00%
TSE:CDPR
Cerro de Pasco Resources Inc
0.60
0.18
42.86%
TSE:AAG
Aftermath Silver
0.76
0.07
10.14%
TSE:GRSL
GR Silver Mining
0.36
0.19
105.71%
TSE:SLV
Silver Dollar Resources
0.27
0.04
17.39%
Silver X Mining Corporate Events
Business Operations and Strategy
Silver X Drilling at Blenda Rubia Points to Bulk-Style Mining Potential in Peru
Positive
Apr 16, 2026
Silver X Mining reported new underground diamond drilling results from the Blenda Rubia target near its Nueva Recuperada operation in Peru, outlining a broad, continuous silver-polymetallic system with true widths up to 17.86 metres and averages a...
Business Operations and StrategyFinancial Disclosures
Silver X lifts Q1 output as Nueva Recuperada hits plant capacity
Positive
Apr 9, 2026
Silver X Mining reported improved first-quarter 2026 operating results at its Nueva Recuperada project in Peru, driven by higher throughput and better head grades. Ore processed rose 8% quarter-over-quarter to 44,883 tonnes, while March production...
Business Operations and StrategyM&A Transactions
Silver X to Acquire High-Grade Pampas Gold-Silver Project in Peru
Positive
Mar 24, 2026
Silver X Mining Corp. has agreed to acquire a 100% interest in the 7,712.5-hectare Pampas Gold-Silver Project in Peru’s Huancavelica region, adding a large epithermal system with 36 mapped veins and historically high-grade rock chip samples ...
Business Operations and StrategyPrivate Placements and Financing
Silver X Mining Raises C$69 Million in Secured Convertible Debenture Financing
Positive
Mar 18, 2026
Silver X Mining Corp. has closed a brokered private placement of secured convertible debentures, raising C$69 million after strong investor demand led to the full exercise of the agent’s over-allotment option. The debentures, priced at C$1,0...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.