Globex Mining Ent J (TSE:GMX)
TSX:GMX
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Globex Mining Ent
(TSX:GMX)
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Rating:61Neutral
Price Target:
C$3.00
â–²(74.42% Upside)
Action:ReiteratedDate:01/16/26
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.
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.
Read all positive and negative factors
Positive Factors
Negative 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.
Read all positive factors
Globex Mining Ent (GMX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$143.30M
Dividend YieldN/A
Average Volume (3M)60.91K
Price to Earnings (P/E)4.7
Beta (1Y)1.36
Revenue Growth-73.34%
EPS Growth16.21%
CountryCA
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.02
Shares Outstanding56,417,435
10 Day Avg. Volume105,115
30 Day Avg. Volume60,908
Financial Highlights & Ratios
PEG Ratio-11.40
Price to Book (P/B)1.99
Price to Sales (P/S)45.25
P/FCF Ratio27.10
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
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 con...
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 ...
Globex Mining Ent Financial Statement Overview
Summary
Income Statement
57
Neutral
Balance Sheet
86
Very Positive
Cash Flow
41
Neutral
| 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 | -3.50M | -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
Positive
1.72
Price Trends
2.53
Positive
2.20
Positive
1.84
Positive
Market Momentum
-0.02
Negative
54.13
Neutral
89.46
Negative
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 2.49, below the 50-day MA of 2.53, and below the 200-day MA of 1.84, indicating a bullish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 54.13 is Neutral, neither overbought nor oversold. The STOCH value of 89.46 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | C$143.30M | 4.70 | 15.34% | ― | -73.34% | 16.21% | |
55 Neutral | C$162.83M | -5.90 | -331.25% | ― | ― | -97.52% | |
55 Neutral | C$295.09M | -3.10 | 1431.31% | ― | ― | 74.10% | |
49 Neutral | C$86.41M | -12.86 | -10.54% | ― | ― | -42.86% | |
44 Neutral | C$128.75M | -28.84 | -3.65% | ― | ― | 29.51% | |
43 Neutral | C$86.79M | -211.93 | -7.39% | ― | ― | -127.89% |
* Basic Materials Sector Average
TSE:GMX
Globex Mining Ent
2.54
1.30
104.84%
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Globex Mining Ent Corporate Events
Business Operations and StrategyFinancial Disclosures
Globex Strengthens Treasury as Partners Renew Key Gold and Antimony Options
Positive
Jan 22, 2026
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 advanc...
Business Operations and Strategy
Globex Posts Strong Final Drill Results at Rouyn-Merger Gold Property
Positive
Jan 14, 2026
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 se...
Business Operations and Strategy
Globex Royalty Gains Lift from Major New Lithium Resource at Mirage Project
Positive
Jan 12, 2026
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 QuebecR...
Business Operations and Strategy
Globex Reports Strong Final 2025 Drill Results at Bald Hill Antimony Project
Positive
Jan 9, 2026
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 dr...
Business Operations and Strategy
Globex Benefits as TomaGold Reports High-Grade Mineralization at Berrigan Royalty Property
Positive
Dec 23, 2025
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 royalt...
Business Operations and Strategy
Globex Reports Rapid Drilling Progress at Golden Pike Gold-Antimony Project
Positive
Dec 22, 2025
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 a...
Business Operations and Strategy
Globex Mining Reports Significant Gold Discovery in Quebec
Positive
Dec 16, 2025
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 paralle...
Business Operations and Strategy
Globex Mining Reports Promising Drill Results at Rouyn-Merger
Positive
Dec 9, 2025
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, enhanc...
Business Operations and StrategyPrivate Placements and Financing
Globex Mining Advances New Brunswick Projects with Drilling and Financing Initiatives
Positive
Nov 27, 2025
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 ...
Business Operations and StrategyProduct-Related Announcements
Globex Mining Reports Increased Production Plans for Mont Sorcier Project
Positive
Nov 12, 2025
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...
Business Operations and StrategyRegulatory Filings and Compliance
Globex Mining Reports Significant Potential at Bald Hill Antimony Project
Positive
Nov 4, 2025
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 o...
Business Operations and Strategy
Globex Mining Announces Resumption of Drilling at Duquesne West Gold Property
Positive
Oct 28, 2025
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...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.