Globex Mining Ent (GMX) AI Stock Analysis

• Market Cap: C$135.23M
• Dividend Yield: N/A
• Average Volume (3M): 60.91K
• Price to Earnings (P/E): 24.8
• Beta (1Y): 1.29
• Revenue Growth: -73.34%
• EPS Growth: 16.21%
• Country: CA
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.08
• Shares Outstanding: 56,347,435
• 10 Day Avg. Volume: 105,115
• 30 Day Avg. Volume: 60,908
• PEG Ratio: -11.40
• Price to Book (P/B): 1.99
• Price to Sales (P/S): 45.25
• P/FCF Ratio: 27.10
• 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: 61 Neutral
• Price Target: C$3.00 ▲(74.42% Upside)

The score is primarily held back by mixed financial quality—negative TTM EBIT and negative operating/free cash flow—despite a very conservative, low-debt balance sheet. Technicals are supportive due to a strong uptrend, but overbought readings increase near-term reversal risk. Valuation is moderate-to-stretched (P/E ~25.4) with no dividend support.

Positive Factors

Conservative balance sheet / negligible debt

Essentially no debt materially lowers solvency and refinancing risk, giving management flexibility to fund exploration or capex from equity or cash. In a cyclical mining sector this durable low-leverage profile reduces bankruptcy risk and preserves optionality through downturns.

High gross profit margins

Sustained high gross margins provide a structural cushion against commodity price swings and higher operating costs, supporting long-term margin sustainability. Even with revenue volatility, strong gross economics improve the firm's ability to cover fixed costs and fund reinvestment.

Improved returns on equity in TTM

Meaningful ROE improvement signals more effective capital allocation or higher operating leverage recently. For shareholders, persistently higher ROE can drive value creation over multiple quarters, provided management sustains disciplined investment and avoids excessive leverage.

Negative Factors

Negative operating and free cash flow

Negative operating and free cash flow undermine the firm's ability to self-fund operations, exploration and capex. Over the next several months this raises the likelihood of equity raises, asset sales, or higher-cost financing, constraining strategic flexibility in a capital-intensive industry.

Negative TTM EBIT despite positive net income

Operating losses alongside reported net income imply earnings rely on non-operating gains or one-offs, reducing quality and predictability of profits. This structural weakness complicates forecasting, capital allocation, and suggests profitability may not be durable without operational improvement.

Volatile revenue and uneven profitability history

Multi-year volatility in revenue and profits hampers long-term planning and increases execution risk. For industry capital cycles and investor confidence, persistent swings make sustaining investment programs and securing stable financing harder, raising structural business risk.

Globex Mining Ent Business Overview & Revenue Model

Company Description

Globex Mining Enterprises Inc. engages in the acquisition, exploration, and development of mineral properties in North America. It has a mineral portfolio of approximately 204 early to mid-stage exploration, development, and royalty properties containing base metals, including copper, nickel, zinc, and lead; precious metals, such as gold, silver, platinum, and palladium; specialty metals and minerals comprising manganese, vanadium, titanium oxide, iron, molybdenum, lithium, cobalt, scandium, and antimony, as well as rare earths and associated elements; and industrial minerals consisting of mica, silica, potassic feldspar, pyrophyllite, kaolin, talc, and magnesite. Globex Mining Enterprises Inc. was incorporated in 1949 and is headquartered in Toronto, Canada.

How the Company Makes Money

Globex Mining Enterprises Inc. generates revenue primarily through the exploration and development of its mineral properties. The company earns money by acquiring underexplored or undervalued properties with potential mineral resources, enhancing their value through geological exploration and development, and either selling or optioning these properties to other mining companies. Key revenue streams include option agreements, royalties, and property sales. Globex often enters into joint venture agreements wherein partner companies contribute capital for exploration and development in exchange for an interest in the projects. Additionally, the company may receive milestone payments and royalties from these partnerships, further contributing to its earnings.

Globex Mining Ent Financial Statement Overview

Summary

Balance sheet strength is a clear positive (essentially no debt and substantial equity), but operating performance is uneven: EBIT is negative in TTM despite positive net income, and both operating cash flow and free cash flow are negative in the latest period, raising cash-conversion and earnings-quality concerns.

Income Statement

TTM (Trailing-Twelve-Months) revenue rose ~20.9%, and gross profit margins remain very high. However, profitability quality is mixed: EBIT is negative in TTM despite positive net income, and results have been volatile across years (strong 2020–2021, losses in 2022, improved but uneven 2023–2024). Overall, the earnings profile looks inconsistent and likely influenced by non-operating items.

Balance Sheet

The balance sheet is conservatively positioned with essentially no debt (debt-to-equity near 0 across periods), which materially lowers financial risk. Equity and assets are substantial and have generally increased versus earlier years, and returns on equity improved meaningfully in TTM versus 2024. The main drawback is that returns have been highly variable over time, pointing to uneven underlying profitability.

Cash Flow

Cash generation weakened in TTM (Trailing-Twelve-Months), with both operating cash flow and free cash flow turning negative, contrasting with positive cash flow in 2023–2024. This raises questions about the sustainability of reported earnings in the most recent period. While free cash flow growth is shown as positive versus the prior period, the current negative level of cash flow is the bigger near-term concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.19M	1.48M	4.13M	2.00M	35.27M	7.40M
Gross Profit	1.09M	1.39M	4.05M	1.92M	35.23M	7.37M
EBITDA	1.38M	-1.90M	1.39M	-2.21M	31.60M	4.57M
Net Income	5.43M	1.32M	1.37M	-4.13M	23.71M	5.96M
Balance Sheet
Total Assets	38.91M	34.52M	32.42M	31.25M	37.51M	12.04M
Cash, Cash Equivalents and Short-Term Investments	35.71M	28.95M	24.63M	21.62M	26.71M	10.46M
Total Debt	0.00	0.00	0.00	0.00	0.00	51.10K
Total Liabilities	132.21K	848.51K	171.40K	209.83K	2.61M	1.15M
Stockholders Equity	38.78M	33.67M	32.25M	31.05M	34.90M	10.89M
Cash Flow
Free Cash Flow	-1.06M	2.47M	2.08M	-3.19M	7.06M	536.35K
Operating Cash Flow	-1.04M	2.49M	2.27M	-3.04M	7.59M	559.87K
Investing Cash Flow	192.52K	-101.92K	3.25M	-3.84M	-126.42K	1.24M
Financing Cash Flow	34.84K	92.66K	-422.69K	40.65K	-104.59K	157.29K

Globex Mining Ent Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.72
• 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:GMX, the sentiment is Positive. The current price of 1.72 is below the 20-day moving average (MA) of 2.34, below the 50-day MA of 1.98, and above the 200-day MA of 1.59, indicating a bullish trend. The MACD of 0.18 indicates Positive momentum. The RSI at 58.29 is Neutral, neither overbought nor oversold. The STOCH value of 35.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GMX.

Globex Mining Ent 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%
GMX	61 Neutral	C$135.23M	24.79	15.11%	―	-73.34%	16.21%
OCO	60 Neutral	C$230.55M	-57.72	-3.75%	―	―	29.51%
RUA	55 Neutral	C$99.68M	-2.31	-294.20%	―	―	-97.52%
PLSR	54 Neutral	C$261.19M	-11.33	―	―	―	74.10%
DEFN	50 Neutral	C$107.86M	-14.47	-11.39%	―	―	-42.86%
MSR	43 Neutral	C$104.31M	-76.22	-9.76%	―	―	-127.89%

Globex Mining Ent Corporate Events

Globex Strengthens Treasury as Partners Renew Key Gold and Antimony Options

Globex Mining Enterprises reported that Emperor Metals Inc. has renewed its option on the Duquesne West gold property in Quebec, paying Duparquet Assets Ltd. (50% owned by Globex) C$1 million in cash and over 3.26 million shares, as Emperor advances a multi-year option agreement backed by an existing 1.46-million-ounce gold resource and an ongoing 10,000–15,000 metre drill program. In parallel, Antimony Resources Inc. renewed its option on Globex’s Bald Hill antimony project in New Brunswick for cash and shares while pursuing drilling to define a maiden resource, reinforcing Globex’s strategy of monetizing its extensive project portfolio; combined with roughly C$40 million in cash and securities and no debt, these option renewals underscore the company’s strong financial position and recurring value from its royalty and asset base.

The most recent analyst rating on (TSE:GMX) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Globex Mining Ent stock, see the TSE:GMX Stock Forecast page.

Globex Posts Strong Final Drill Results at Rouyn-Merger Gold Property

Globex Mining Enterprises reported final assay results from a six-hole, 1,095-metre drill program at the East O’Neil gold occurrence on its 100%-owned Rouyn-Merger property in Quebec, adjacent to the Cadillac Break. The campaign delivered several strong gold intersections, notably 3.44 g/t Au over 38.7 metres and 3.47 g/t Au over 26.4 metres from previously released holes RM-25-01 and RM-25-02, and new results including 2.74 g/t Au over 9.0 metres in RM-25-03 and a high-grade interval of 13.06 g/t Au over 4.7 metres in RM-25-05, while two holes returned no significant values. Incorporating historical drilling data that also shows notable gold intervals, Globex interprets mineralization as silicified, pyrite-rich zones within tuff and gabbro units, and, encouraged by the positive first-phase results, the company plans detailed induced polarization and magnetometer surveys followed by additional drilling, signalling continued investment in advancing Rouyn-Merger’s exploration potential.

The most recent analyst rating on (TSE:GMX) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Globex Mining Ent stock, see the TSE:GMX Stock Forecast page.

Globex Royalty Gains Lift from Major New Lithium Resource at Mirage Project

Globex Mining Enterprises has reported that Brunswick Exploration has outlined a maiden inferred mineral resource of 52.2 million tonnes grading 1.08% Li2O on Globex’s Lac Escale royalty ground within the Mirage lithium project in Quebec’s James Bay region, a deposit described as among the largest undeveloped hard rock lithium resources in the Americas. The estimate, prepared under NI 43-101 after relatively limited drilling, is largely shallow, open in multiple directions, supported by metallurgical test work indicating a potential DMS-only processing route, and is supplemented by a sizable conceptual exploration target, collectively highlighting substantial growth potential and enhancing the strategic value of Globex’s 3% gross metal royalty on the project for shareholders and other stakeholders.

The most recent analyst rating on (TSE:GMX) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Globex Mining Ent stock, see the TSE:GMX Stock Forecast page.

Globex Reports Strong Final 2025 Drill Results at Bald Hill Antimony Project

Globex Mining Enterprises reported that option partner Antimony Resources Corp. has delivered final 2025 drill results from the Bald Hill antimony property, confirming extensive high-grade stibnite mineralization across most of the 8,150 metres drilled in 34 holes. Multiple wide intersections grading around 2%–5% antimony, with standout intervals of up to 11.74% Sb over 1.65 metres and robust grade-thickness figures, suggest a potentially significant antimony zone averaging more than 4.5 metres in thickness, strengthening the project’s prospects and underlining Globex’s exposure to a key critical metal used in strategic and industrial applications.

The most recent analyst rating on (TSE:GMX) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Globex Mining Ent stock, see the TSE:GMX Stock Forecast page.

Globex Benefits as TomaGold Reports High-Grade Mineralization at Berrigan Royalty Property

Globex Mining Enterprises Inc. reported that partner TomaGold Corporation has intersected significant zinc, silver and gold mineralization on the Berrigan claims in Quebec’s Chibougamau mining camp, where Globex holds a 2% gross metal royalty. The latest drilling returned wide intervals of high-grade zinc-equivalent and gold-equivalent values, with several holes cutting tens of metres of mineralization and strong higher-grade zones, and additional drill assays and borehole EM work underway to test lateral and depth extensions. These results, if confirmed and expanded, could enhance the potential value of Globex’s royalty interest on the Berrigan property and strengthen its position as a royalty holder leveraged to exploration success in the Chibougamau camp.

Globex Reports Rapid Drilling Progress at Golden Pike Gold-Antimony Project

Globex Mining Enterprises reported rapid operational progress at its Golden Pike gold-antimony property in New Brunswick, where option partner Albright Metals has completed 990 metres of infill and extensional HQ diamond drilling across 15 holes at the Vail Road High Grade Gold deposit, with assays pending in January. The drill rig is being mobilized to the nearby Bond Road Antimony Prospect for an initial 1,200-metre diamond drilling program targeting high-grade antimony veins, while Albright works to upgrade the Vail Road deposit’s existing NI 43-101 foreign resource estimate to a JORC-compliant mineral resource and evaluates multiple additional gold and antimony targets on the claims, positioning the project for potential resource growth and future development that could enhance the value of Globex’s optioned asset.

Globex Mining Reports Significant Gold Discovery in Quebec

Globex Mining Enterprises Inc. announced significant drill results from its Nordeau Royalty claims in Quebec, revealing high-grade gold intersections in the North Contact Zone. This discovery, made by Cartier Resources Inc., includes three parallel gold zones, potentially enhancing Globex’s royalty income and strengthening its position in the mining sector.

Globex Mining Reports Promising Drill Results at Rouyn-Merger

Globex Mining Enterprises Inc. has announced the initial results from its drilling program at the Rouyn-Merger property in Quebec. The first two drill holes have shown promising gold mineralization, with significant grades and core lengths, enhancing the company’s exploration prospects. The completion of this program and the subsequent move to the Lyndhurst Copper property for further exploration could strengthen Globex’s position in the mining sector and potentially increase shareholder value.

Globex Mining Advances New Brunswick Projects with Drilling and Financing Initiatives

Globex Mining Enterprises Inc. has announced progress on its New Brunswick antimony and gold projects, which are under option to Bryah Resources Ltd. and Antimony Resources Corporation. Bryah Resources has initiated a 1,000-metre drill program at the Golden Pike project to upgrade the resource estimate, while Antimony Resources has filed a technical report on the Bald Hill project, indicating potential for significant antimony yields. Antimony Resources is also continuing a 6,000-metre drill program and has announced financing to further develop the Bald Hill property, aiming to become a key North American antimony producer.

Globex Mining Reports Increased Production Plans for Mont Sorcier Project

Globex Mining Enterprises Inc. announced that Cerrado Gold Inc. has provided an update on the Mont Sorcier high purity magnetite iron project, which is in the later stages of a feasibility study. The study now includes a 60% increase in production rate, with phased production starting at 4 million tonnes per annum and reaching 8 million tonnes per annum by the third year. This adjustment is expected to raise capital costs for phase one by 30-40%, while phase two costs are anticipated to be lower due to infrastructure built in the first phase. The mine life is expected to remain at 20 years, with construction potentially starting in mid-2028, pending permits and financing.

Globex Mining Reports Significant Potential at Bald Hill Antimony Project

Globex Mining Enterprises Inc. announced that Antimony Resources Corp., which has an option on the Bald Hill Antimony Project in New Brunswick, Canada, has filed a NI 43-101 Technical Report indicating potential for 2.7 million tonnes at a grade of 3% to 4% antimony. This could yield between 81,000 and 108,000 tonnes of contained antimony, doubling previous estimates. Antimony Resources Corp. is conducting further drilling to potentially establish a maiden resource estimate, which could significantly impact the project’s economic viability and Globex’s market positioning.

Globex Mining Announces Resumption of Drilling at Duquesne West Gold Property

Globex Mining Enterprises Inc. announced that Emperor Metals Inc. will resume drilling at the Duquesne West Gold Property in Quebec, a site partially owned by Globex. The drilling aims to expand the open-pit footprint and enhance the understanding of the gold deposit, which is estimated to contain 1.46 million ounces of gold. This development is significant for Globex as it could potentially increase the resource base and improve the project’s economic viability, thereby strengthening its position in the gold mining industry.