Globex Mining Ent (GMX) AI Stock Analysis

• Market Cap: C$108.53M
• Dividend Yield: N/A
• Average Volume (3M): 60.91K
• Price to Earnings (P/E): 19.9
• Beta (1Y): 1.10
• 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: 56,232,437
• 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: 63 Neutral
• Price Target: C$2.00 ▲(16.28% Upside)

The score is driven primarily by financials: a very conservative, low-debt balance sheet is a major positive, but it is offset by negative TTM operating and free cash flow and uneven profitability (negative EBIT). Technically, the stock’s uptrend (price above key moving averages) provides support, while valuation appears moderate with a ~19 P/E and no dividend yield data.

Positive Factors

Conservative Balance Sheet

Minimal leverage materially reduces financial risk, giving the company structural resilience through commodity or cycle stress. A near-zero debt profile preserves funding optionality for capex, exploration or M&A and lowers default/rating risk over the medium term.

Strong Gross Margins & TTM Revenue

Elevated gross margins and recent TTM revenue growth indicate favorable unit economics and demand for core output. If management sustains cost discipline, strong gross margins provide structural upside to operating leverage as volumes scale, supporting long-term margin recovery.

Growing Capital Base & Improved ROE

An expanding asset and equity base with improving ROE suggests better capital allocation and efficiency over recent periods. This structural trend supports capacity to fund projects internally and can underpin sustainable growth if profitability normalizes.

Negative Factors

Negative Operating and Free Cash Flow

Sustained negative operating and free cash flow threatens the firm's ability to self-fund operations and capital needs. Over months, persistent cash deficits force reliance on equity or external financing, raising dilution or refinancing risk despite a low-debt balance sheet.

Negative EBIT and Volatile Profitability

Negative operating earnings and inconsistent year-to-year results point to weak core profitability and reliance on non-operating items. Structural earnings volatility complicates forecasting, undermines investor confidence in recurring earnings power and increases execution risk.

Extremely Small Employee Base

A three-person headcount indicates very limited internal operational capacity, implying heavy dependence on contractors or partners. This structural constraint can impede scaling, slow project delivery, and increase execution and oversight risk as operations or development needs grow.

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

Globex Mining Ent shows a mixed financial position. Despite a debt-free balance sheet, the company struggles with volatile revenues and earnings. The cash flow is stable, but operational improvements are needed for sustainable growth in a competitive sector.

Income Statement

Globex Mining Ent has experienced significant volatility in revenue and profitability. The most recent year shows a substantial decline in revenue and negative EBIT, indicating operational challenges. However, the gross profit margin remains high, suggesting cost control in production. Net income volatility reflects market challenges and operational inconsistencies.

Balance Sheet

The company maintains a solid equity base with no debt, indicating financial stability. The equity ratio is strong, highlighting a conservative capital structure. However, declining total assets and inconsistent equity growth signal potential risks in asset management and capital allocation.

Cash Flow

Cash flow from operations is positive, and free cash flow is growing, which is a positive sign for liquidity. However, the fluctuation in operating cash flow to net income ratio suggests variability in cash generation relative to earnings. With minimal capital expenditure requirements, the company can sustain its cash flow, but operational improvements are needed for consistency.

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: Negative
• 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 1.78, below the 50-day MA of 1.75, and above the 200-day MA of 1.51, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 66.04 is Neutral, neither overbought nor oversold. The STOCH value of 72.22 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
GMX	63 Neutral	C$108.53M	19.94	15.11%	―	-73.34%	16.21%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RUA	55 Neutral	C$101.20M	-2.37	-294.20%	―	―	-97.52%
DEFN	52 Neutral	C$111.78M	-15.00	-11.39%	―	―	-42.86%
OCO	51 Neutral	C$92.72M	-28.29	-3.75%	―	―	29.51%
MSR	43 Neutral	C$100.14M	-73.17	-9.76%	―	―	-127.89%
PLSR	31 Underperform	C$146.99M	-10.86	―	―	―	74.10%

Globex Mining Ent Corporate Events

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.

Globex Mining Advances Mont Sorcier Project with New Drilling Milestone

Globex Mining Enterprises Inc. has announced significant progress on the Mont Sorcier project, with 17,000 meters of infill drilling completed to update resources to the Proven and Probable categories. This progress supports a feasibility study expected by Q2 2026, aiming to enhance the project’s economic potential and its role in the green steel transition. The project, located in Eeyou Istchee James Bay, is poised to produce premium iron concentrate with low operating costs, aiding the shift from blast furnaces to electric arc furnaces, thus contributing to decarbonization efforts.

Globex Mining Reports High-Grade Antimony and Gold Discoveries at Golden Pike

Globex Mining Enterprises Inc. announced that Bryah Resources Ltd, which has optioned the Golden Pike property from Globex, reported high-grade antimony assays from the site in New Brunswick. The discovery of antimony-bearing boulders with assays up to 57% Sb and gold assays up to 9.48 g/t Au at the Vail Road Gold Deposit highlights the property’s potential, enhancing Globex’s positioning in the mining sector and offering promising implications for stakeholders.