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District Metals
(DMX)
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Rating:45Neutral
Price Target:
C$0.44
▼(-27.21% Downside)
Action:Reiterated
Date:09/26/26
The score is held down primarily by pre-revenue operations with ongoing losses and negative/free cash flow (including worsening cash burn), plus bearish technical momentum with the stock trading below key moving averages. The key support is a strong, debt-free balance sheet with growing equity, which reduces leverage-driven financial risk but does not offset the current lack of revenue and cash generation.
Positive Factors
Debt-Free Balance Sheet
A debt-free balance sheet limits mandatory interest and principal payments, reducing solvency pressure while exploration projects are advanced. This provides greater financial flexibility to allocate capital toward drilling and property work without the added constraints of material leverage.
Negative Factors
No Operating Revenue
The absence of operating revenue means the company has not yet demonstrated a producing asset or self-funding business model. Continued dependence on exploration success and external capital makes future progress reliant on converting mineral properties into monetizable projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free balance sheet limits mandatory interest and principal payments, reducing solvency pressure while exploration projects are advanced. This provides greater financial flexibility to allocate capital toward drilling and property work without the added constraints of material leverage.
Read all positive factors
District Metals (DMX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$83.07M
Dividend YieldN/A
Average Volume (3M)355.55K
Price to Earnings (P/E)―
Beta (1Y)1.22
Revenue GrowthN/A
EPS Growth2.55%
CountryCA
Employees3
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding190,961,600
10 Day Avg. Volume404,757
30 Day Avg. Volume355,547
Financial Highlights & Ratios
PEG Ratio3.86
Price to Book (P/B)3.70
Price to Sales (P/S)0.00
P/FCF Ratio-42.45
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
District Metals Business Overview & Revenue Model
Company Description
District Metals Corp., a junior mineral exploration stage company, acquires, explores, and evaluates mineral resource properties. It explores for lead, zinc, silver, copper, molybdenum, cobalt, yttrium, and other rare earth elements. The company w...
How the Company Makes Money
District Metals is an exploration-stage company; information indicating recurring operating revenue from producing mines or selling products/services is null. Instead, its economic model is typically value creation through exploration and project ...
District Metals Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -14.22K | 0.00 | -25.17K | -45.78K | 0.00 |
| EBITDA | -3.40M | -3.12M | -2.33M | -1.21M | -1.31M |
| Net Income | -4.14M | -3.47M | -2.69M | -1.32M | -1.73M |
Balance Sheet | |||||
| Total Assets | 32.58M | 19.73M | 14.01M | 10.12M | 8.67M |
| Cash, Cash Equivalents and Short-Term Investments | 16.62M | 9.89M | 6.01M | 2.57M | 1.63M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 816.96K | 801.44K | 1.22M | 119.24K | 294.20K |
| Stockholders Equity | 31.76M | 18.93M | 12.79M | 10.00M | 8.38M |
Cash Flow | |||||
| Free Cash Flow | -2.77M | -3.82M | -1.03M | -1.46M | -3.72M |
| Operating Cash Flow | -2.77M | -2.82M | -698.05K | -848.43K | -1.10M |
| Investing Cash Flow | -2.80M | -996.64K | -332.86K | -685.24K | -2.73M |
| Financing Cash Flow | 12.02M | 7.69M | 4.37M | 2.55M | 1.69M |
District Metals Technical Analysis
Negative
0.61
Price Trends
0.56
Negative
0.64
Negative
0.71
Negative
Market Momentum
-0.04
Negative
36.77
Neutral
64.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DMX, the sentiment is Negative. The current price of 0.61 is above the 20-day moving average (MA) of 0.48, above the 50-day MA of 0.56, and below the 200-day MA of 0.71, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 36.77 is Neutral, neither overbought nor oversold. The STOCH value of 64.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:DMX.
District Metals 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% | |
50 Neutral | C$210.08M | -34.39 | -7.57% | ― | ― | -106.58% | |
48 Neutral | C$218.51M | -30.20 | -38.08% | ― | ― | -13.84% | |
47 Neutral | C$25.49M | -1.72 | -93.19% | ― | ― | 34.25% | |
46 Neutral | C$103.82M | -7.25 | -20.67% | ― | ― | 4.74% | |
45 Neutral | C$83.07M | -19.00 | -17.29% | ― | ― | 2.55% | |
42 Neutral | C$155.53M | -15.23 | -28.52% | ― | ― | -128.55% |
* Basic Materials Sector Average
TSE:DMX
District Metals
0.44
-0.79
-64.63%
TSE:EMO
Emerita Resources
0.35
-1.24
-77.99%
TSE:SURG
Surge Copper Corp
0.54
0.29
111.76%
TSE:GRSL
GR Silver Mining
0.30
-0.02
-4.76%
TSE:ZNG
Group Eleven Resources
0.77
0.39
102.63%
TSE:AMC
Arizona Metals
0.19
-0.53
-74.31%
District Metals Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and FinancingShareholder Meetings
District Metals posts solid cash position as it advances Sweden uranium project
Positive
Sep 25, 2026
District Metals Corp. reported year-end results for the period to June 30, 2026, highlighting a cash and cash equivalents position of $16.187 million that underpins ongoing exploration and corporate activities. The company further bolstered its ba...
Business Operations and Strategy
District Metals Confirms Alum Shale Horizons in First Sweden Drill Program
Positive
Sep 9, 2026
District Metals Corp. has completed its inaugural diamond drilling program at the Österkälen and Malgomaj alum shale properties in central Sweden, marking the first mineral exploration drilling in these areas. The campaign comprised 1,94...
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.