Benton Resources (BEX) AI Stock Analysis

• Market Cap: C$18.31M
• Dividend Yield: N/A
• Average Volume (3M): 300.71K
• Price to Earnings (P/E): 97.5
• Beta (1Y): 1.46
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 244,128,830
• 10 Day Avg. Volume: 424,439
• 30 Day Avg. Volume: 300,713
• PEG Ratio: 0.37
• Price to Book (P/B): 1.23
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -7.75
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: C$0.07 ▼(-27.00% Downside)
• Action: Reiterated Date: 02/09/26
• Date: Action: Reiterated 02/09/26

The score is primarily held back by weak operating fundamentals (no revenue, persistent operating losses, and negative operating/free cash flow) and only modest technicals (negative MACD and below key short-term averages). A strong low-debt balance sheet provides some support, but valuation is also a headwind given the high P/E and no dividend yield.

Positive Factors

Low debt / strong balance sheet

Minimal debt and very low financial leverage provide durable capital-structure advantages: Benton can better absorb exploration write-offs, withstand prolonged exploration cycles, and pursue partner-funded deals without immediate solvency pressure, supporting multi‑year project optionality.

Sizable equity cushion

A meaningful equity base relative to assets gives Benton a cushion against impairments common in early-stage exploration. That balance-sheet buffer improves negotiating leverage for joint ventures and option deals and reduces immediate bankruptcy risk over multi‑period exploration timelines.

Asset-monetization business model (option/JV funding)

Benton’s focus on advancing assets to be optioned or joint‑ventured is a durable, capital-efficient model: partner-funded programs reduce Benton’s direct spending, while option payments, sales, or royalties provide pathways to realize value without needing sustained operating revenue.

Negative Factors

No reported revenue; weak operating profitability

Absence of recurring revenue and persistent negative operating margins mean Benton lacks an internal earnings engine. Long-term value depends on speculative exploration outcomes or asset transactions, increasing reliance on external funding and raising execution risk over multiple quarters.

Negative operating and free cash flow

Consistent negative operating and free cash flow signals ongoing cash burn and limited internal funding capacity for exploration. Over a 2–6 month horizon this structural cash shortfall forces reliance on financing or partner deals, increasing dilution risk and constraining program continuity.

Earnings quality and volatility

The mismatch between reported net income and negative operating cash flows suggests earnings are driven by non‑operating items or one‑offs. Historical volatility and prior losses reduce confidence that recent profitability is repeatable from core activities, complicating forecasting and capital planning.

Benton Resources Business Overview & Revenue Model

Company Description

Benton Resources Inc. operates as a mineral exploration company. It has a diversified property portfolio of gold, silver, nickel, copper, platinum group elements, and lithium assets. The company is advancing projects in Ontario, including flagship Far Lake Copper project located west of Thunder Bay, Ontario, as well as projects, such as the Abernethy, the Armit Lake, the Forester Lake, the Hele, and the Iron Duke projects. It also has strategic alliance with Sokoman Minerals Corp. through three joint-venture properties, including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland. Benton Resources Inc. was incorporated in 2011 and is headquartered in Thunder Bay, Canada.

How the Company Makes Money

Benton Resources’ potential to generate cash and profits is primarily tied to mineral exploration outcomes rather than ongoing product sales. The company typically seeks to create value by (1) identifying and advancing exploration assets and (2) monetizing those assets through transactions such as option/joint-venture agreements, property sales, or royalties, if and when such agreements are executed. In an option or joint-venture structure, a partner may fund exploration expenditures and/or make cash and/or share payments to earn an interest in a project; this can reduce Benton’s direct spending while potentially providing payments or retained interests. If a property is sold or a royalty is retained on a project that later reaches production, Benton could realize proceeds from the sale or future royalty income. Specific, recurring operating revenue streams, producing mines, or disclosed long-term offtake/production-based contracts are not available in the provided prompt; if Benton has reported any property option payments, partnership funding, or asset-sale proceeds in a given period, those would be reflected in its financial statements rather than representing a stable, product-driven revenue model.

Benton Resources Financial Statement Overview

Summary

Financials are mixed: the balance sheet is a clear strength with essentially no debt and solid equity, but operations remain weak with no reported revenue, ongoing operating losses, and negative operating/free cash flow in TTM. The positive TTM net income alongside negative cash flow raises quality-of-earnings concerns.

Income Statement

The company reports no revenue across the periods provided, and operating profitability remains weak with consistently negative gross profit, EBIT, and EBITDA. Net income is highly volatile—losses in prior annual periods followed by a positive result in TTM (Trailing-Twelve-Months)—which suggests earnings are being driven by non-operating items rather than core operations. Overall, the income profile lacks a clear path to sustainable operating profitability.

Balance Sheet

The balance sheet is a relative strength: total debt is essentially zero in the most recent periods, resulting in minimal financial leverage and low balance-sheet risk. Equity remains sizable versus total assets, supporting financial flexibility. However, returns on equity have been negative in most annual periods and only marginally positive in TTM (Trailing-Twelve-Months), indicating the asset base is not consistently generating profits.

Cash Flow

Cash generation is pressured: operating cash flow and free cash flow are negative in TTM (Trailing-Twelve-Months) and in the latest annual period, indicating ongoing cash burn. While free cash flow growth in TTM (Trailing-Twelve-Months) appears improved versus the prior period, cash flows have been inconsistent year-to-year (including a positive year in 2024), limiting confidence in durability. The disconnect between positive net income in TTM (Trailing-Twelve-Months) and negative operating/free cash flow also raises quality-of-earnings concerns.

Breakdown	TTM	Sep 2025	Sep 2024	Jun 2023	Sep 2022	Jun 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-27.06K	-29.93K	-74.80K	-76.03K	-74.88K	-69.06K
EBITDA	-1.02M	-1.17M	-3.93M	-3.12M	-6.27M	-1.22M
Net Income	468.51K	-424.17K	-3.38M	-2.89M	-6.14M	-1.06M
Balance Sheet
Total Assets	14.72M	11.57M	13.21M	12.33M	14.31M	15.55M
Cash, Cash Equivalents and Short-Term Investments	2.48M	1.26M	3.39M	1.15M	2.04M	1.14M
Total Debt	0.00	0.00	1.73K	127.67K	171.35K	214.68K
Total Liabilities	318.64K	177.67K	883.85K	814.22K	1.16M	650.16K
Stockholders Equity	14.41M	11.39M	12.32M	11.52M	13.15M	14.90M
Cash Flow
Free Cash Flow	-998.25K	-1.81M	248.56K	-1.22M	-942.77K	-881.77K
Operating Cash Flow	-989.89K	-1.77M	326.55K	-1.20M	-867.21K	-859.98K
Investing Cash Flow	-1.54M	-2.33M	-3.52M	-2.18M	-1.79M	-1.45M
Financing Cash Flow	1.98M	1.98M	3.83M	1.23M	4.22M	3.53M

Benton Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BEX, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.09, and above the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.43 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BEX.

Benton Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
TIG	53 Neutral	C$29.64M	-10.32	-72.48%	―	―	-204.88%
VUL	51 Neutral	C$28.45M	76.05	0.62%	―	―	―
BEX	44 Neutral	C$18.31M	97.52	3.55%	―	―	―
EMN	44 Neutral	C$23.59M	-1.62	-749.50%	―	36.37%	21.97%
EVNI	43 Neutral	C$27.13M	-12.53	-83.99%	―	―	21.31%
AVE	―	C$15.53M	-5.07	-21.92%	―	―	-6.45%

Benton Resources Corporate Events

Benton Resources to Showcase Great Burnt Copper-Gold Project at PDAC 2026

Benton Resources Inc. will participate in this year’s PDAC Convention in Toronto, hosting an Investors Exchange booth and featuring a presentation by President and CEO Stephen Stares at the Atlantic Canada Day Session. The company plans to highlight its portfolio of highly prospective projects, including the Great Burnt Copper-Gold Project in central Newfoundland, where strong drill results and multiple open mineralized zones underscore its growth ambitions and potential appeal to investors and industry partners.

Benton emphasizes the technical rigor behind its exploration activities, noting that a qualified person has approved the scientific disclosure and that all sampling is conducted under strict QA/QC protocols at an accredited assay laboratory. By showcasing both its exploration success and disciplined technical standards at a premier industry forum, the company aims to reinforce its credibility, attract new stakeholders, and further position itself within the competitive junior mining sector.

The most recent analyst rating on (TSE:BEX) stock is a Hold with a C$0.08 price target. To see the full list of analyst forecasts on Benton Resources stock, see the TSE:BEX Stock Forecast page.

Benton Confirms New VMS Copper Discovery and Expands Polymetallic Potential at South Pond

Benton Resources has confirmed a new VMS-style copper discovery at the End Zone target within its South Pond Gold-Copper Project in Newfoundland, where two widely spaced drill holes intersected broad zones of stringer-style copper mineralization grading up to 1.6% Cu over 0.70 metres in altered volcanic rocks similar to those hosting the nearby Great Burnt copper deposit. The company also reported additional drill results from the South Pond Gold-Copper deposit that outline continuous gold and copper mineralized horizons and revealed anomalous nickel, chromium and cobalt values in the southernmost hole, prompting plans for follow-up drilling and underscoring the broader polymetallic potential of the property for investors and other stakeholders.

The most recent analyst rating on (TSE:BEX) stock is a Hold with a C$0.10 price target. To see the full list of analyst forecasts on Benton Resources stock, see the TSE:BEX Stock Forecast page.

Benton Reports Up to 88.4% Gold Recoveries in First Metallurgy Tests at South Pond

Benton Resources reported preliminary metallurgical test results from its South Pond gold-copper deposit, showing laboratory gold recoveries of up to 88.4% from a 20 kg composite sample tested by SGS Canada using standard bottle-roll cyanidation over 24 hours. The company views these first-pass recoveries as highly encouraging for the project’s future and a key step in advancing South Pond alongside the nearby Great Burnt deposit, where prior SGS work indicated potential plant performance of a 25% copper concentrate at 96% recovery, supporting Benton’s efforts to grow and de-risk its Newfoundland gold-copper portfolio.

The most recent analyst rating on (TSE:BEX) stock is a Hold with a C$0.11 price target. To see the full list of analyst forecasts on Benton Resources stock, see the TSE:BEX Stock Forecast page.