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Amex Gold Mining Inc
(AMX)
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Rating:51Neutral
Price Target:
C$4.50
▲(1.12% Upside)
Action:Reiterated
Date:08/27/26
The score is held back primarily by weak financial performance (no revenue, expanding losses, and ongoing cash burn), partly offset by a debt-free balance sheet. Technicals are moderately supportive with price above key moving averages and mildly positive momentum, while valuation remains challenged due to negative earnings and no dividend yield.
Positive Factors
Debt-Free Balance Sheet
With no reported debt, Amex avoids interest expense and near-term lender constraints. This gives the company greater flexibility to direct capital toward exploration and preserves solvency capacity while it remains pre-revenue.
Negative Factors
No Operating Revenue
No revenue across annual and TTM periods confirms the company has not yet reached a producing, self-funding stage. Until a mine or other recurring income source emerges, results remain tied to exploration progress and financing access.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
With no reported debt, Amex avoids interest expense and near-term lender constraints. This gives the company greater flexibility to direct capital toward exploration and preserves solvency capacity while it remains pre-revenue.
Read all positive factors
Amex Gold Mining Inc (AMX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$709.95M
Dividend YieldN/A
Average Volume (3M)103.14K
Price to Earnings (P/E)―
Beta (1Y)2.55
Revenue GrowthN/A
EPS Growth-149.57%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.06
Shares Outstanding160,621,320
10 Day Avg. Volume148,832
30 Day Avg. Volume103,139
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)3.57
Price to Sales (P/S)0.00
P/FCF Ratio-33.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$7.75Price Target Upside74.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.02
Revenue Forecast (FY)N/A
Amex Gold Mining Inc Business Overview & Revenue Model
Company Description
Amex Exploration Inc. functions as a junior enterprise focused on the acquisition, evaluation, and development of gold prospects throughout Canada. Its principal asset is the Perron gold project, which it fully owns. This significant property comp...
How the Company Makes Money
Amex Gold Mining Inc. does not have publicly available evidence (in this context) of producing gold or generating recurring operating revenue from mining operations. Its economic model is primarily typical of an exploration-stage issuer: funding e...
Amex Gold Mining Inc Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -197.75K | -198.49K | -200.54K | -186.75K | -135.26K | -101.97K |
| EBITDA | -10.72M | -10.31M | -2.30M | -2.38M | -3.44M | -3.51M |
| Net Income | -8.20M | -8.74M | -739.55K | 680.17K | 142.06K | 10.08K |
Balance Sheet | ||||||
| Total Assets | 250.14M | 174.59M | 137.75M | 108.92M | 111.15M | 66.60M |
| Cash, Cash Equivalents and Short-Term Investments | 85.70M | 32.60M | 13.53M | 3.37M | 25.78M | 12.23M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 27.81M | 29.41M | 24.81M | 19.29M | 22.19M | 7.66M |
| Stockholders Equity | 222.34M | 145.18M | 112.94M | 89.63M | 88.95M | 58.95M |
Cash Flow | ||||||
| Free Cash Flow | -16.29M | -15.28M | -22.50M | -26.99M | -33.74M | -32.98M |
| Operating Cash Flow | -5.00M | -3.62M | -1.41M | -2.40M | -3.88M | -5.61M |
| Investing Cash Flow | -37.95M | -11.22M | -30.93M | -16.52M | -33.36M | -27.37M |
| Financing Cash Flow | 112.71M | 36.91M | 32.50M | 0.00 | 47.30M | 13.41M |
Amex Gold Mining Inc Technical Analysis
Positive
4.45
Price Trends
4.18
Positive
4.47
Negative
4.30
Positive
Market Momentum
0.05
Positive
52.87
Neutral
36.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AMX, the sentiment is Positive. The current price of 4.45 is above the 20-day moving average (MA) of 4.44, above the 50-day MA of 4.18, and above the 200-day MA of 4.30, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 52.87 is Neutral, neither overbought nor oversold. The STOCH value of 36.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:AMX.
Amex Gold Mining Inc Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | C$692.03M | 43.89 | 4.83% | 5.21% | 15.45% | ― | |
58 Neutral | C$910.50M | -180.58 | -2.80% | ― | ― | 34.03% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | C$984.09M | -111.39 | -3.32% | ― | ― | -788.57% | |
51 Neutral | C$709.95M | -76.21 | -4.96% | ― | ― | -149.57% | |
51 Neutral | C$718.13M | -301.69 | 4.79% | ― | 1140.10% | 79.14% | |
51 Neutral | C$690.15M | -55.93 | -8.30% | ― | ― | -51.78% |
* General Sector Average
TSE:AMX
Amex Gold Mining Inc
4.42
1.73
64.31%
TSE:ITH
International Tower Hill Mines
3.48
1.29
58.90%
TSE:TAU
Thesis Gold Inc
3.52
2.05
139.46%
TSE:MAI
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6.53
2.93
81.39%
TSE:JAG
Jaguar Mining
8.11
2.62
47.72%
TSE:FDR
Founders Metals
5.94
1.55
35.31%
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.