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Amex Gold Mining Inc
(AMX)
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Rating:51Neutral
Price Target:
C$3.50
▼(-21.35% Downside)
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
The absence of reported debt limits fixed financing obligations and reduces solvency pressure while the company advances its projects. This gives management greater flexibility than a leveraged explorer, although it does not eliminate the need to fund ongoing exploration and corporate expenses.
Negative Factors
No operating revenue
Without production or recurring mining revenue, the company cannot currently fund its activities through an operating business. Its financial progress therefore remains tied to exploration outcomes, capital access, and potential future transactions or mine development.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of reported debt limits fixed financing obligations and reduces solvency pressure while the company advances its projects. This gives management greater flexibility than a leveraged explorer, although it does not eliminate the need to fund ongoing exploration and corporate expenses.
Read all positive factors
Amex Gold Mining Inc (AMX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$574.52M
Dividend YieldN/A
Average Volume (3M)104.58K
Price to Earnings (P/E)―
Beta (1Y)2.32
Revenue GrowthN/A
EPS Growth-149.57%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.06
Shares Outstanding155,695,740
10 Day Avg. Volume116,142
30 Day Avg. Volume104,582
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
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
Negative
4.45
Price Trends
4.20
Negative
4.19
Negative
4.35
Negative
Market Momentum
-0.15
Positive
36.97
Neutral
36.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AMX, the sentiment is Negative. The current price of 4.45 is above the 20-day moving average (MA) of 3.86, above the 50-day MA of 4.20, and above the 200-day MA of 4.35, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 36.97 is Neutral, neither overbought nor oversold. The STOCH value of 36.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$492.36M | 30.75 | 4.83% | 5.21% | 15.45% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$987.35M | -64.60 | -8.30% | ― | ― | -51.78% | |
51 Neutral | C$574.52M | -63.62 | -4.96% | ― | ― | -149.57% | |
48 Neutral | C$740.28M | -55.41 | -4.51% | ― | ― | -183.54% | |
45 Neutral | C$758.75M | -148.20 | -2.80% | ― | ― | 34.03% | |
42 Neutral | C$475.09M | -301.69 | 4.79% | ― | 1140.10% | 79.14% |
* General Sector Average
TSE:AMX
Amex Gold Mining Inc
3.69
1.15
45.28%
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TSE:JAG
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TSE:FDR
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6.86
3.52
105.39%
Amex Gold Mining Inc Corporate Events
Business Operations and Strategy
Amex Gold Mining Advances Underground Development and Infrastructure at Perron Project
Positive
Sep 21, 2026
Amex Gold Mining has advanced underground development at its Perron Gold Project, completing more than 75 metres of decline as part of a permitted 40,000-tonne bulk sample program targeting the high-grade Champagne Zone. This work is intended to g...
Business Operations and Strategy
Amex Gold Mining Begins Underground Ramp Development at Perron Project
Positive
Sep 2, 2026
Amex Gold Mining Inc. has completed construction of the underground portal and initiated ramp development at its 100%-owned Perron Gold Project in Quebec, marking the start of underground operations targeting the high-grade Champagne Zone. The ram...
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.