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Globex Mining Ent
(TSX:GMX)
Globex Mining Ent (GMX) vs. iShares MSCI Canada ETF (EWC)
Globex Mining Ent Business Overview & Revenue Model
Globex Mining Ent Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.48M | 4.13M | 2.00M | 35.27M | 7.40M |
| Gross Profit | 1.39M | 4.05M | 1.92M | 35.23M | 7.37M |
| EBITDA | -1.90M | 1.39M | -2.21M | 31.60M | 4.57M |
| Net Income | 1.32M | 1.37M | -4.13M | 23.71M | 5.96M |
Balance Sheet | |||||
| Total Assets | 34.52M | 32.42M | 31.25M | 37.51M | 12.04M |
| Cash, Cash Equivalents and Short-Term Investments | 28.95M | 24.63M | 21.62M | 26.71M | 10.46M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 51.10K |
| Total Liabilities | 848.51K | 171.40K | 209.83K | 2.61M | 1.15M |
| Stockholders Equity | 33.67M | 32.25M | 31.05M | 34.90M | 10.89M |
Cash Flow | |||||
| Free Cash Flow | 2.47M | 2.08M | -3.19M | 7.06M | 536.35K |
| Operating Cash Flow | 2.49M | 2.27M | -3.04M | 7.59M | 559.87K |
| Investing Cash Flow | -101.92K | 3.25M | -3.84M | -126.42K | 1.24M |
| Financing Cash Flow | 92.66K | -422.69K | 40.65K | -104.59K | 157.29K |
Globex Mining Ent Technical Analysis
Globex Mining Ent Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥175.46B | 11.07 | 6.29% | 3.46% | 3.91% | 3.49% | |
55 Neutral | C$72.92M | 33.94 | 6.42% | ― | -64.15% | -2.45% | |
49 Neutral | $122.99M | ― | -29.44% | ― | ― | 34.46% | |
42 Neutral | C$64.40M | ― | -5.97% | ― | ― | 55.15% | |
40 Underperform | C$77.16M | ― | -4.19% | ― | ― | 48.82% | |
34 Underperform | C$283.19M | ― | -2.11% | ― | ― | -360.00% | |
26 Underperform | C$67.21M | ― | -399.98% | ― | ― | 7.43% |
Globex Mining Ent Corporate Events
Globex Mining Enterprises Inc. is involved in the mining industry with a focus on royalties from iron and vanadium production. The company holds a 1% Gross Metal Royalty on all iron production from the Mont Sorcier project. The recent update from Cerrado Gold Inc. highlights ongoing metallurgical test work at the Mont Sorcier high-purity iron project, aiming to produce high-grade iron concentrate. The completion of a Bankable Feasibility Study by Q1 2026 is expected to provide further insights into the project’s economic potential, which was initially valued at a US$1.6 billion NPV in a 2022 assessment.
Spark’s Take on TSE:GMX Stock
According to Spark, TipRanks’ AI Analyst, TSE:GMX is a Neutral.
Globex Mining Ent’s overall score reflects a mixed outlook. Strengths include a debt-free balance sheet and positive corporate developments in resource expansion. However, the high valuation and technical indicators suggest caution. Financial volatility remains a significant risk.
To see Spark’s full report on TSE:GMX stock, click here.
Globex Mining Enterprises Inc. announced that Brunswick Exploration Inc. has reported significant lithium mineralization on Globex’s Lac Escale royalty property, part of Brunswick’s Mirage project. The recent drilling results, which include wide intersections of lithium, underscore the potential value of the property and Globex’s strategic positioning in the lithium market, benefiting from a 3% Gross Metal Royalty on the claims.
Spark’s Take on TSE:GMX Stock
According to Spark, TipRanks’ AI Analyst, TSE:GMX is a Neutral.
Globex Mining Enterprises exhibits a cautiously promising outlook. Despite its financial volatility and high valuation, the company boasts a debt-free balance sheet and stable cash flows. Positive corporate developments in resource expansion and strategic drilling results bolster its market standing, although technical indicators suggest some caution is warranted.
To see Spark’s full report on TSE:GMX stock, click here.
Globex Mining Enterprises Inc. has announced new drilling results from its Battery Hill manganese property in New Brunswick, managed by Manganese X Energy Corp. The drilling program, which includes 12 new drill holes, aims to upgrade resources to support a pre-feasibility study, positioning the project as a key supplier of high-purity manganese for North America’s EV and alternative energy sectors. This development aligns with the growing demand for critical minerals in Canada, enhancing Globex’s strategic positioning in the market.
Spark’s Take on TSE:GMX Stock
According to Spark, TipRanks’ AI Analyst, TSE:GMX is a Neutral.
Globex Mining Enterprises presents a promising but cautious investment opportunity. Its strong corporate developments and positive technical trends are notable strengths. However, significant financial volatility and a high valuation pose risks that need careful monitoring.
To see Spark’s full report on TSE:GMX stock, click here.
Globex Mining Enterprises Inc. has announced a significant 29% increase in the gold resource at its Parbec Gold Deposit property, as reported by Renforth Resources Inc. This increase, with 12% of the new resource in the Measured category and 61% in the Indicated category, enhances the confidence in the resource’s potential. Located near the Canadian Malartic Gold Mine, this development strengthens Globex’s position in the gold mining sector and potentially increases its attractiveness to investors and stakeholders.
Spark’s Take on TSE:GMX Stock
According to Spark, TipRanks’ AI Analyst, TSE:GMX is a Outperform.
Globex Mining Enterprises demonstrates strong financial health and technical momentum, bolstered by promising corporate developments. However, the high RSI and stochastic levels indicate the stock may be overbought, which requires careful monitoring. The company’s valuation is reasonable, supporting a positive outlook, but caution is warranted given historical financial volatility.
To see Spark’s full report on TSE:GMX stock, click here.
Globex Mining Enterprises Inc. celebrated its 30th anniversary of being listed on the Toronto Stock Exchange, marking a significant milestone in its corporate history. This achievement highlights the company’s longstanding presence and stability in the mining sector, potentially reinforcing investor confidence and enhancing its market positioning.
Globex Mining Enterprises Inc. has announced the acquisition of three gold royalties from IAMGOLD Corporation, enhancing the value of its Porcupine West Gold, Eldrich Gold Mine, and Rouyn-Merger Gold Mine properties in Quebec. This strategic move is expected to consolidate Globex’s position in the gold mining sector by eliminating existing royalties, thereby improving the potential profitability of these properties. The company has already undertaken significant exploration and modeling work on these sites, identifying numerous exploration targets and securing a drill permit, which could lead to increased gold production and exploration opportunities.
Globex Mining Enterprises Inc. has reported high-grade gold assay results from its Kewagama Royalty Claims and Duquesne West Optioned Claims. The results, announced by Radisson Mining Resources and Emperor Metals, indicate significant gold intersections, including a notable 8.36 grams per tonne over 15 meters and a re-assayed 301.1 grams per tonne over 2.5 meters. These findings could enhance Globex’s position in the gold mining sector, potentially increasing the value of its royalty claims and options, and providing positive implications for stakeholders.
Globex Mining Enterprises Inc. announced that Emperor Metals Inc., under option from Globex, has completed significant drilling and assaying work on the Duquesne West Property in Quebec. The findings include promising gold intercepts, suggesting the potential for expanding open-pit mining operations. This development could enhance Globex’s strategic position in the mining sector by potentially increasing resource estimations and offering new zones for exploration.