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District Metals (TSE:DMX)
:DMX
DMX Stock Chart & Stats
C$1.31
C$0.01(2.50%)
At close: 4:00 PM EST
C$1.31
C$0.01(2.50%)
Day’s Range― - ―
52-Week RangeC$0.26 - C$1.65
Previous CloseN/A
Volume43.63K
Average Volume (3M)847.91K
Market Cap
C$93.30M
Enterprise ValueC$87.71M
Total Cash (Recent Filing)C$9.35M
Total Debt (Recent Filing)C$0.00
Price to Earnings (P/E)―
Beta1.57
Next Earnings
Jun 03, 2026Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.00
Shares Outstanding176,030,230
10 Day Avg. Volume1,206,247
30 Day Avg. Volume847,908
Financial Highlights & Ratios
PEG Ratio-2.26
Price to Book (P/B)5.01
Price to Sales (P/S)0.00
P/FCF Ratio-24.88
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)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Debt-free Balance SheetZero reported debt and rising equity give management structural financial flexibility over months. For an exploration company this reduces insolvency risk, enables continued project spending from equity or JV deals, and preserves optionality versus leveraged peers despite dilution risk.
Focused Polymetallic StrategyA concentrated focus on polymetallic deposits in Sweden provides durable strategic clarity: exposure to multiple base and precious metals diversifies commodity risk, while Sweden’s stable mining jurisdiction supports permitting and partner interest, increasing the chance of JV or offtake opportunities.
Lean Operating FootprintA very small team and modest absolute cash burn help preserve runway between financings and make capital deployment more efficient. For an explorer, low overhead limits fixed-cost drag and allows more of financing to fund field programs and value-driving drilling activities.
Bears Say
No Operating RevenueAs a pre-commercial explorer with no operating revenue, the company has no internally generated cash cushion; long-term value depends entirely on successful discovery or partner deals. This structural lack of revenue increases execution risk and extends timelines to commerciality.
Persistent Cash BurnSustained negative operating and free cash flow, materially worse in the latest year, creates a recurring funding requirement. Over 2–6 months this elevates dilution risk, forces capital raises or partner deals, and can constrain the pace of exploration if markets tighten.
Negative Returns & Dilution RiskNegative ROE signals the company is destroying book value while raising equity to fund operations. Although equity has grown, continued funding through issuance can materially dilute existing holders and compress eventual per-share upside unless exploration success converts assets to value.
District Metals News
DMX FAQ
What was District Metals’s price range in the past 12 months?
District Metals lowest stock price was C$0.26 and its highest was C$1.65 in the past 12 months.
What is District Metals’s market cap?
District Metals’s market cap is C$93.30M.
When is District Metals’s upcoming earnings report date?
District Metals’s upcoming earnings report date is Jun 03, 2026 which is in 78 days.
How were District Metals’s earnings last quarter?
District Metals released its earnings results on Feb 27, 2026. The company reported C$0 earnings per share for the quarter, beating the consensus estimate of -C$0.01 by C$0.01.
Is District Metals overvalued?
According to Wall Street analysts District Metals’s price is currently Overvalued.
Does District Metals pay dividends?
District Metals does not currently pay dividends.
What is District Metals’s EPS estimate?
District Metals’s EPS estimate is 0.
How many shares outstanding does District Metals have?
District Metals has 176,030,230 shares outstanding.
What happened to District Metals’s price movement after its last earnings report?
District Metals reported an EPS of C$0 in its last earnings report, beating expectations of -C$0.01. Following the earnings report the stock price went down -1.111%.
Which hedge fund is a major shareholder of District Metals?
Currently, no hedge funds are holding shares in TSE:DMX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
District Metals Stock Smart Score
Underperform
1
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5
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8
9
10
Technicals
SMA
Positive
20 days / 200 days
Momentum
213.65%
12-Months-Change
Fundamentals
Return on Equity
-20.92%
Trailing 12-Months
Asset Growth
41.28%
Trailing 12-Months
Company Description
District Metals
District Metals Corp., a junior mineral exploration stage company, acquires, explores for, and evaluates natural resource properties. The company holds a 100% interest in the Tomtebo property covering an area of 5,143.86 hectares; and Svärdsjö property covering an area of 1,037 hectares located in the Bergslagen mining district of south-central Sweden. It also owns a 100% interest in the Gruvberget property covering an area of 5,286 hectares located in Bergslagen mining district; and 20% interest in the Bakar property covering an area of 9,318 hectares located in North Vancouver Island in British Columbia, Canada. The company was formerly known as MK2 Ventures Ltd. and changed its name to District Metals Corp. in July 2019. The company was incorporated in 1989 and is based in Vancouver, Canada.
Technical Analysis
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Options Prices
Currently, No data available
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