Almadex Minerals (DEX) AI Stock Analysis

• Market Cap: C$36.10M
• Dividend Yield: N/A
• Average Volume (3M): 47.77K
• Price to Earnings (P/E): 23.7
• Beta (1Y): 1.60
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.02
• Shares Outstanding: 61,182,114
• 10 Day Avg. Volume: 26,810
• 30 Day Avg. Volume: 47,769
• PEG Ratio: -0.03
• Price to Book (P/B): 0.36
• Price to Sales (P/S): 223.97
• P/FCF Ratio: -21.46
• 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: 59 Neutral
• Price Target: C$0.63 ▲(16.11% Upside)

The score is held back mainly by weak and inconsistent operating cash flow and volatile earnings quality, despite a very strong, debt-free balance sheet. Technicals are constructive with price above key moving averages and positive MACD, while valuation is only average given a ~22 P/E and no dividend. Recent corporate actions (drilling, portfolio positioning, and a new project acquisition) add positive optionality but are not yet reflected in operating cash generation.

Almadex Minerals Business Overview & Revenue Model

Company Description

Almadex Minerals Ltd. engages in the acquisition and exploration of mineral resource properties. The company primarily explores for gold, silver, copper, and molybdenum deposits. It holds interest in various exploration projects located in Canada, the United States, and Mexico. The company was formerly known as 1154229 B.C. Ltd. and changed its name to Almadex Minerals Ltd. in May 2018. Almadex Minerals Ltd. was incorporated in 2018 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Almadex Minerals generates revenue primarily through the discovery, development, and potential sale or joint venture of its mineral exploration properties. The company invests in early-stage exploration to identify promising mineral deposits, which can then be monetized through various means. These include selling stakes in the properties to larger mining companies, partnering with other firms for joint exploration and development projects, or advancing the properties to a stage where they can be sold or leased. Additionally, Almadex may earn royalties from properties it has previously sold or optioned out, providing a recurring revenue stream. The company's earnings are influenced by factors such as commodity prices, exploration success, and strategic partnerships with other mining entities.

Almadex Minerals Financial Statement Overview

Summary

Mixed fundamentals: a strong, debt-free balance sheet supports stability, but operating performance and cash generation are weak. Income is volatile with negative gross profit and profits that appear driven by non-operating items, while operating and free cash flow are negative in the TTM, raising earnings-quality and funding-risk concerns.

Income Statement

Results are volatile and not consistently supported by the core business. Revenue in TTM (Trailing-Twelve-Months) is very small but shows a sharp rebound versus the prior year, while gross profit is negative, pointing to weak underlying economics. Net income is positive in TTM (Trailing-Twelve-Months) and 2024 despite sizable operating losses, suggesting profitability is being driven by non-operating items rather than steady operating performance. Longer-term history shows swings between strong profitability (2021–2022) and material losses (2020, 2023), which reduces earnings quality and predictability.

Balance Sheet

The balance sheet is a clear strength: the company reports zero debt across all periods provided, with a sizable equity base (about $28M in TTM (Trailing-Twelve-Months)). Total assets track closely with equity, implying limited financial leverage and lower refinancing risk. Return on equity is positive in TTM (Trailing-Twelve-Months) and 2024, but it has also been negative in some years, reflecting that returns can be highly cyclical and dependent on periods of gains rather than consistent operations.

Cash Flow

Cash generation is weak and inconsistent. Operating cash flow is negative in TTM (Trailing-Twelve-Months) and most years shown (except 2022 and a small positive in 2021), and free cash flow is also negative in TTM (Trailing-Twelve-Months) and 2024, indicating ongoing cash burn. The combination of positive net income with negative operating cash flow in recent periods raises concerns about earnings quality and near-term funding needs if cash outflows persist, even though the debt-free balance sheet helps.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	178.79K	44.95K	647.51K	6.92M	3.79M	455.14K
Gross Profit	-25.66K	-163.50K	297.69K	6.66M	2.72M	212.26K
EBITDA	-1.05M	1.99M	-2.96M	2.58M	-424.00K	-456.00K
Net Income	1.47M	2.00M	-2.94M	3.22M	12.04M	-7.57M
Balance Sheet
Total Assets	28.49M	28.20M	26.39M	28.44M	25.92M	12.18M
Cash, Cash Equivalents and Short-Term Investments	19.94M	13.94M	17.32M	19.48M	19.05M	6.48M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	321.79K	395.42K	590.34K	443.57K	1.19M	102.47K
Stockholders Equity	28.17M	27.80M	25.80M	28.00M	24.73M	12.07M
Cash Flow
Free Cash Flow	-1.28M	-469.00K	-2.13M	1.18M	-754.11K	-1.19M
Operating Cash Flow	-1.19M	-360.00K	-873.50K	3.36M	222.52K	-744.75K
Investing Cash Flow	-3.40M	-2.97M	-1.26M	-2.17M	11.79M	-414.19K
Financing Cash Flow	-40.79K	0.00	-41.75K	-10.13K	0.00	1.32M

Almadex Minerals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.54
• 50DMA: Positive
• 100DMA: Positive
• 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:DEX, the sentiment is Positive. The current price of 0.54 is below the 20-day moving average (MA) of 0.57, above the 50-day MA of 0.53, and above the 200-day MA of 0.44, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.71 is Neutral, neither overbought nor oversold. The STOCH value of 45.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:DEX.

Almadex Minerals 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%
DEX	59 Neutral	C$36.10M	23.65	5.20%	―	―	―
BAU	48 Neutral	C$36.01M	-3.21	-44.14%	―	―	-268.72%
USGD	48 Neutral	C$46.01M	55.88	1.86%	―	―	―
VLC	48 Neutral	C$47.04M	-22.33	-6.83%	―	―	―
JG	45 Neutral	C$33.56M	-5.10	-22.31%	―	―	-70.25%
KALO	44 Neutral	C$27.84M	-2.54	-201.31%	―	―	-58.16%

Almadex Minerals Corporate Events

Almadex Minerals Sets Up Aggressive 2026 Drill Campaign After Generative Success in 2025

Almadex Minerals outlined the results of its 2025 generative program and set the stage for an aggressive, discovery-oriented 2026, centred on first pass drilling across multiple early-stage projects in the western United States. In 2025, the company acquired several new epithermal gold-silver, porphyry lithocap and rare earth element projects, optioned three assets to Azucar Minerals, and advanced its portfolio toward drill-ready status through mapping, prospecting and geophysics, while scout drilling at the Paradise project in Nevada encountered porphyry-style alteration but no clear vectors. For 2026, Almadex plans to capitalize on its strong treasury and six-company-owned drill rigs to restart and expand drilling at the New Hope porphyry prospect in Arizona and to initiate first pass drilling and focused exploration on other highlighted projects, with the dual aim of making new discoveries and potentially generating contract drilling income to offset exploration costs, positioning the company for a pivotal year in its exploration pipeline.

The most recent analyst rating on (TSE:DEX) stock is a Hold with a C$0.53 price target. To see the full list of analyst forecasts on Almadex Minerals stock, see the TSE:DEX Stock Forecast page.

Almadex Minerals Launches Drilling at Arizona Copper-Gold Prospect

Almadex Minerals Ltd. has commenced a diamond drilling program at its New Hope copper-gold porphyry prospect in Arizona, with initial results expected after the Christmas break. The company has also granted stock options to a director, reflecting its ongoing strategic initiatives to enhance shareholder value.

Almadex Minerals to Initiate Drilling at New Hope Project in Arizona

Almadex Minerals Ltd. announced plans to commence drilling at the New Hope porphyry copper-gold project in Arizona, following a pause in their Paradise Project in Nevada due to challenging drilling conditions. The company aims to systematically test its early-stage projects with scout drilling to identify promising targets for further exploration. The results from the Paradise Project suggest the presence of a large porphyry system, although the core has not yet been reached. The company plans to review the data and conduct petrographic analysis before deciding on future drilling efforts in 2026.

Almadex Minerals Unveils Strategic Mining Royalty Portfolio

Almadex Minerals Ltd. has announced a comprehensive overview of its diversified portfolio of royalties on precious and base metal projects throughout North America. The company’s strategic portfolio includes numerous net smelter return royalties ranging from 0.5% to 2.0% across Canada, the United States, and Mexico, reflecting over two decades of exploration success. These royalties provide Almadex with leverage to a wide range of projects at various stages, enhancing its industry positioning and offering potential benefits to stakeholders through exposure to future discoveries and production.