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Excellon Resources
(EXN)
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Rating:42Neutral
Price Target:
C$0.33
▼(-31.46% Downside)
Action:Reiterated
Date:09/29/26
The score is held down primarily by weak financial performance (no TTM revenue, recurring losses, and significant cash burn), which outweighs the benefit of improved leverage and low debt-to-equity. Technicals add additional pressure, with the stock trading below all key moving averages and bearish momentum. Valuation is not a clear positive due to the negative P/E and lack of a provided dividend yield.
Positive Factors
Reduced Debt
Substantial debt reduction improves financial flexibility and lowers the burden of interest and refinancing obligations. This gives Excellon a less leveraged base from which to fund exploration, negotiate asset transactions, or withstand periods of weak operating performance.
Negative Factors
No Recurring Revenue
The absence of TTM revenue indicates that Excellon is not currently demonstrating a recurring operating income stream from its properties. This makes financial performance dependent on exploration progress, asset monetization, or external funding until production generates repeatable sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Reduced Debt
Substantial debt reduction improves financial flexibility and lowers the burden of interest and refinancing obligations. This gives Excellon a less leveraged base from which to fund exploration, negotiate asset transactions, or withstand periods of weak operating performance.
Read all positive factors
Excellon Resources (EXN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$143.25M
Dividend YieldN/A
Average Volume (3M)742.20K
Price to Earnings (P/E)―
Beta (1Y)2.59
Revenue GrowthN/A
EPS Growth67.17%
CountryCA
Employees3
SectorGeneral
Sector StrengthN/A
IndustrySilver
Share Statistics
EPS (TTM)-0.02
Shares Outstanding440,781,950
10 Day Avg. Volume705,131
30 Day Avg. Volume742,196
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)3.30
Price to Sales (P/S)0.00
P/FCF Ratio-12.19
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)C$223.00M
Excellon Resources Business Overview & Revenue Model
Company Description
Established in 1987 and headquartered in Toronto, Canada, Excellon Resources Inc. is dedicated to identifying, acquiring, and developing mineral assets across the United States, Germany, and Mexico. The company primarily seeks out deposits of silv...
How the Company Makes Money
Excellon Resources makes money (when it is generating operating revenue) primarily through the sale of mined concentrates/metal produced from its mineral properties, typically receiving revenue based on delivered volumes, payable metal content (e....
Excellon Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 25.82M | 37.95M |
| Gross Profit | -220.01K | -165.85K | -102.75K | -540.00K | -635.00K | 11.75M |
| EBITDA | -2.20M | -3.32M | -2.79M | -5.47M | -6.55M | -41.41M |
| Net Income | -4.13M | -4.44M | -5.22M | 6.53M | -18.84M | -57.77M |
Balance Sheet | ||||||
| Total Assets | 38.97M | 41.61M | 18.39M | 16.64M | 26.66M | 41.56M |
| Cash, Cash Equivalents and Short-Term Investments | 7.43M | 7.16M | 1.38M | 744.00K | 1.47M | 4.53M |
| Total Debt | 2.35M | 4.68M | 4.50M | 11.99M | 11.50M | 9.68M |
| Total Liabilities | 11.16M | 16.42M | 8.94M | 26.47M | 48.56M | 46.05M |
| Stockholders Equity | 28.88M | 26.73M | 10.98M | -9.83M | -21.89M | -4.49M |
Cash Flow | ||||||
| Free Cash Flow | -17.88M | -7.24M | -2.08M | -1.59M | -1.77M | -5.25M |
| Operating Cash Flow | -5.01M | -2.05M | -747.00K | -1.59M | -221.00K | 2.08M |
| Investing Cash Flow | -12.77M | -7.13M | -1.30M | 1.00M | -738.00K | -6.26M |
| Financing Cash Flow | 26.17M | 15.01M | 3.53M | -6.00K | -248.00K | -447.00K |
Excellon Resources Technical Analysis
Negative
0.48
Price Trends
0.39
Negative
0.39
Negative
0.45
Negative
Market Momentum
-0.02
Positive
33.54
Neutral
3.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EXN, the sentiment is Negative. The current price of 0.48 is above the 20-day moving average (MA) of 0.38, above the 50-day MA of 0.39, and above the 200-day MA of 0.45, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 33.54 is Neutral, neither overbought nor oversold. The STOCH value of 3.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:EXN.
Excellon Resources Risk Analysis
Excellon Resources disclosed 41 risk factors in its most recent earnings report. Excellon Resources reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Excellon Resources Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | C$92.63M | 16.26 | 8.50% | ― | 106.11% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | C$92.48M | -15.63 | -11.75% | ― | 249.52% | 39.85% | |
49 Neutral | C$387.82M | -15.60 | -116.31% | ― | ― | -14.56% | |
48 Neutral | C$165.92M | -62.67 | -3.63% | ― | ― | 24.24% | |
47 Neutral | C$120.92M | -12.19 | -12.39% | ― | ― | -44.58% | |
42 Neutral | C$143.25M | -13.19 | -21.83% | ― | ― | 67.17% |
* General Sector Average
TSE:EXN
Excellon Resources
0.33
0.00
0.00%
TSE:KTN
Kootenay Silver
1.18
-0.77
-39.74%
TSE:SVE
Silver One Resources
0.48
0.09
25.00%
TSE:IPT
IMPACT Silver
0.27
-0.02
-8.62%
TSE:KUYA
Kuya Silver
0.65
0.14
27.45%
TSE:BIG
Bald Eagle Gold
1.17
0.42
56.00%
Excellon Resources Corporate Events
Business Operations and Strategy
Excellon Drilling at Mallay Mine Points to Deeper Access and Potential Resource Growth
Positive
Sep 21, 2026
Excellon Resources reported encouraging results from its ongoing underground drill program at the Mallay silver-lead-zinc mine in Peru, confirming grade and width continuity in the Isguiz vein below the 4090 level. The program has also intersected...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Excellon Maps High-Grade Tres Cerros Targets Adjacent to Mallay Mine
Positive
Aug 31, 2026
Excellon Resources has outlined seven exploration targets across roughly 40% of its 11,000-hectare Tres Cerros property in Peru, adjacent to the operating Mallay Mine. The concessions are prospective for epithermal gold-silver and porphyry copper ...
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.