Silver X Mining (TSE:AGX)
:AGX
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Silver X Mining
(AGX)
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Rating:50Neutral
Price Target:
C$1.00
▲(16.28% Upside)
Action:DowngradedDate:01/28/26
Overall score is weighed down primarily by weak financial performance (still loss-making with negative free cash flow and a recent revenue decline), partially offset by strong technical momentum (price above key moving averages with positive MACD, though indicators are overextended). Valuation remains challenged due to negative earnings (negative P/E).
Positive Factors
Low Leverage / Balance Sheet Flexibility
Very low leverage gives the company durable financial flexibility to fund exploration and development without heavy interest burdens. This reduces insolvency risk during metal-price swings, supports opportunistic asset investment or JV structuring, and preserves runway while projects advance.
Negative Factors
Negative Free Cash Flow
Sustained negative free cash flow requires ongoing external funding to cover investment and operations, increasing dilution or borrowing risk. Over the medium term this constrains capital allocation, delays project advancement to production, and elevates execution risk until FCF turns persistently positive.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Balance Sheet Flexibility
Very low leverage gives the company durable financial flexibility to fund exploration and development without heavy interest burdens. This reduces insolvency risk during metal-price swings, supports opportunistic asset investment or JV structuring, and preserves runway while projects advance.
Read all positive factors
Silver X Mining (AGX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$188.81M
Dividend YieldN/A
Average Volume (3M)2.64M
Price to Earnings (P/E)―
Beta (1Y)2.97
Revenue Growth8.28%
EPS Growth87.46%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding286,077,880
10 Day Avg. Volume2,800,620
30 Day Avg. Volume2,638,742
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)1.34
Price to Sales (P/S)1.16
P/FCF Ratio-5.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.04
Revenue Forecast (FY)C$37.70M
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 generates revenue primarily through the exploration and development of silver mining projects, with a focus on extracting and selling silver and other associated metals. The company typically raises capital through equity financing...
Silver X Mining Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
68
Positive
Cash Flow
29
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 | Feb 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.57M | 21.85M | 15.67M | 13.87M | 4.94M | 0.00 |
| Gross Profit | 1.74M | 3.85M | -491.87K | -479.93K | -6.40M | 0.00 |
| EBITDA | 1.13M | 1.68M | -8.04M | -3.22M | -13.39M | -3.80M |
| Net Income | -1.38M | -4.45M | -12.43M | -9.25M | -15.88M | -3.84M |
Balance Sheet | ||||||
| Total Assets | 72.91M | 53.80M | 51.86M | 66.27M | 66.86M | 7.25M |
| Cash, Cash Equivalents and Short-Term Investments | 13.97M | 784.43K | 484.90K | 1.02M | 4.51M | 1.20M |
| Total Debt | 2.86M | 3.16M | 1.76M | 2.38M | 6.54M | 0.00 |
| Total Liabilities | 37.63M | 34.89M | 33.15M | 27.91M | 27.80M | 264.79K |
| Stockholders Equity | 35.28M | 18.90M | 18.71M | 38.37M | 39.06M | 6.99M |
Cash Flow | ||||||
| Free Cash Flow | -5.04M | -4.94M | -1.63M | -3.94M | -13.78M | -5.12M |
| Operating Cash Flow | 823.17K | 700.69K | 1.30M | -2.49M | -11.42M | -3.23M |
| Investing Cash Flow | -5.87M | -5.64M | -2.93M | -2.68M | -2.19M | -1.89M |
| Financing Cash Flow | 24.13M | 4.88M | 1.35M | 2.33M | 13.77M | 5.95M |
Silver X Mining Technical Analysis
Negative
0.86
Price Trends
1.03
Negative
0.89
Negative
0.64
Positive
Market Momentum
-0.11
Positive
31.66
Neutral
25.93
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 0.85, below the 50-day MA of 1.03, and above the 200-day MA of 0.64, indicating a neutral trend. The MACD of -0.11 indicates Positive momentum. The RSI at 31.66 is Neutral, neither overbought nor oversold. The STOCH value of 25.93 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 |
|---|---|---|---|---|---|---|---|
56 Neutral | C$155.23M | -11.19 | -64.64% | ― | ― | -235.10% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | C$188.81M | -59.63 | -5.80% | ― | 8.28% | 87.46% | |
48 Neutral | C$413.41M | -15.77 | 463.83% | ― | -100.00% | -127.82% | |
47 Neutral | C$23.92M | -31.93 | -5.70% | ― | ― | -1.67% | |
42 Neutral | C$30.51M | -7.83 | 510.34% | ― | ― | 42.57% | |
42 Neutral | C$254.18M | -21.37 | -41.47% | ― | ― | -60.82% |
* General Sector Average
TSE:AGX
Silver X Mining
0.66
0.51
325.81%
TSE:BHS
Bayhorse Silver
0.09
0.04
88.89%
TSE:CDPR
Cerro de Pasco Resources Inc
0.68
0.37
119.35%
TSE:AAG
Aftermath Silver
0.75
0.24
47.06%
TSE:GRSL
GR Silver Mining
0.31
0.14
84.85%
TSE:SLV
Silver Dollar Resources
0.32
0.08
33.33%
Silver X Mining Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Silver X Mining Plans Up to C$60 Million Convertible Debenture Financing to Advance Peruvian Silver Project
Positive
Jan 27, 2026
Silver X Mining has launched a brokered private placement of up to C$60 million in secured convertible debentures, with Ventum Financial acting as sole agent and bookrunner, and an option to increase the offering by 15%. The debentures carry a 10%...
Business Operations and Strategy
Silver X Extends High-Grade Silver Mineralization at Blenda Rubia Deep Drilling Program
Positive
Jan 26, 2026
Silver X Mining has reported strong initial results from the first three underground diamond drill holes of its deep exploration program at the past-producing Blenda Rubia mine, part of the Nueva Recuperada Project in central Peru. The drilling ha...
Business Operations and Strategy
Silver X Unveils High-Grade Red Silver Results and 1,200m Drill Program in Peru
Positive
Jan 13, 2026
Silver X Mining has reported high-grade underground channel sampling results from the Red Silver area of its Nueva Recuperada property in Peru, with continuous mineralized shoots on the Silvia and Rossana veins returning up to 735 g/t silver over ...
Business Operations and Strategy
Silver X Unveils High-Grade Red Silver Results, Launches 1,200m Drill Program in Peru
Positive
Jan 13, 2026
Silver X Mining has defined multiple high-grade silver shoots at the Red Silver target within its Nueva Recuperada property in Peru, with underground channel sampling on the Silvia and Rossana veins returning up to 735 g/t silver over 65 metres an...
Business Operations and StrategyFinancial Disclosures
Silver X Lifts Output and Gold Production in Q4 2025 at Nueva Recuperada
Positive
Jan 8, 2026
Silver X Mining reported strong fourth-quarter 2025 operating results at its Nueva Recuperada project in Peru, with processed tonnage rising 24% quarter over quarter to 41,635 tonnes and silver equivalent ounces processed increasing 17% to 266,995...
Business Operations and StrategyExecutive/Board Changes
Silver X Mining Promotes Alvaro Domingo to Vice President of Corporate Development and Commercial
Positive
Dec 22, 2025
Silver X Mining has promoted Alvaro Domingo from General Manager of Administration and Finance at its Peruvian subsidiary Recuperada S.A.C. to Vice President, Corporate Development and Commercial, reflecting his expanded role in operational coordi...
Business Operations and StrategyExecutive/Board Changes
Silver X Mining Grants Incentive Stock Options and RSUs to Leadership
Positive
Dec 19, 2025
Silver X Mining Corp. has granted 450,000 restricted share units with a one-year term and 900,000 stock options with a six-year term, each exercisable at C$0.79, to its directors and officers under its omnibus incentive plan, with the awards remai...
Business Operations and StrategyExecutive/Board Changes
Silver X Mining Announces Stock Options and Share Unit Grant
Positive
Dec 17, 2025
Silver X Mining Corp. has announced the grant of 450,000 restricted share units valid for one year and 900,000 stock options with a six-year term to its directors and officers under its omnibus incentive plan. This move aligns with the companyR...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Silver X Mining Corp. Reports Strong Q3 2025 Results and Expansion Plans
Positive
Nov 28, 2025
Silver X Mining Corp. reported strong financial results for the nine months ending September 30, 2025, with significant improvements in operating income and a decrease in net loss compared to the previous year. The company closed an oversubscribed...
Business Operations and Strategy
Silver X Mining to Present at Exclusive Investor Event in Florida
Positive
Nov 25, 2025
Silver X Mining Corp. has been invited to present at an exclusive investor event at The Mar-a-Lago Club in Palm Beach, Florida. The event, hosted by Money Ball Networks and Money Channel NYC, will bring together accredited and high-net-worth inves...
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.