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Globex Mining Enterprises
(TSX:GMX)
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Rating:59Neutral
Price Target:
C$2.50
▲(19.05% Upside)
Action:Reiterated
Date:08/18/26
The score is primarily held back by weak operating profitability and currently negative operating/free cash flow, which raise earnings-quality and sustainability concerns. These risks are partially offset by a strong, debt-free balance sheet and a reasonable P/E valuation, while technical indicators are broadly neutral.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet provides financial flexibility and reduces interest and refinancing pressure. The consistently positive equity base also gives Globex greater capacity to withstand operating volatility, preserve capital, and pursue opportunities without relying heavily on external borrowing.
Negative Factors
Deeply negative operating profitability
Persistently negative operating profitability indicates that the core business is not currently covering its operating cost structure through revenue. This weakens earnings durability and means future growth may not translate into shareholder value unless expenses become better aligned with the revenue base.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet provides financial flexibility and reduces interest and refinancing pressure. The consistently positive equity base also gives Globex greater capacity to withstand operating volatility, preserve capital, and pursue opportunities without relying heavily on external borrowing.
Read all positive factors
Globex Mining Enterprises (GMX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$125.84M
Dividend YieldN/A
Average Volume (3M)28.10K
Price to Earnings (P/E)14.6
Beta (1Y)1.37
Revenue Growth176.97%
EPS Growth1835.90%
CountryCA
Employees3
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.15
Shares Outstanding56,941,936
10 Day Avg. Volume29,352
30 Day Avg. Volume28,102
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)2.37
Price to Sales (P/S)65.80
P/FCF Ratio-66.24
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)N/A
Globex Mining Enterprises Business Overview & Revenue Model
Company Description
Globex Mining Enterprises Inc. is a North American-focused company specializing in the acquisition, exploration, and advancement of mineral properties. Its substantial portfolio comprises approximately 204 early to mid-stage assets, including expl...
Globex Mining Enterprises Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
82
Very Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.72M | 1.45M | 1.48M | 4.13M | 2.00M | 35.27M |
| Gross Profit | 2.65M | 1.38M | 1.39M | 4.05M | 1.92M | 35.23M |
| EBITDA | -2.21M | -3.59M | -1.90M | 1.39M | -2.21M | 31.60M |
| Net Income | 8.50M | 6.06M | 1.32M | 1.37M | -4.13M | 23.71M |
Balance Sheet | ||||||
| Total Assets | 43.23M | 40.44M | 34.52M | 32.42M | 31.25M | 37.51M |
| Cash, Cash Equivalents and Short-Term Investments | 38.15M | 37.02M | 28.95M | 24.63M | 21.62M | 26.71M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 280.77K | 224.42K | 848.51K | 171.40K | 209.83K | 2.61M |
| Stockholders Equity | 42.95M | 40.22M | 33.67M | 32.25M | 31.05M | 34.90M |
Cash Flow | ||||||
| Free Cash Flow | -2.73M | -1.44M | 2.47M | 2.08M | -3.19M | 7.06M |
| Operating Cash Flow | -2.42M | -1.24M | 2.49M | 2.27M | -3.04M | 7.59M |
| Investing Cash Flow | -519.95K | -369.52K | -101.92K | 3.25M | -3.84M | -126.42K |
| Financing Cash Flow | 5.09K | 188.36K | 92.66K | -422.69K | 40.65K | -104.59K |
Globex Mining Enterprises Technical Analysis
Positive
2.10
Price Trends
1.95
Positive
2.04
Positive
2.14
Positive
Market Momentum
0.07
Negative
60.64
Neutral
70.49
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 2.1 is above the 20-day moving average (MA) of 2.04, above the 50-day MA of 1.95, and below the 200-day MA of 2.14, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 60.64 is Neutral, neither overbought nor oversold. The STOCH value of 70.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GMX.
Globex Mining Enterprises 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% | |
59 Neutral | C$125.84M | 14.61 | 20.67% | ― | 176.97% | 1835.90% | |
53 Neutral | C$59.27M | -9.38 | -10.46% | ― | ― | 21.18% | |
49 Neutral | C$126.98M | -5.30 | -93.99% | ― | ― | 62.56% | |
48 Neutral | C$94.79M | -49.56 | -12.64% | ― | ― | -124.49% | |
43 Neutral | C$151.57M | -20.58 | -6.82% | ― | ― | -44.87% | |
43 Neutral | C$217.60M | -7.28 | -403.62% | ― | ― | -84.40% |
* Basic Materials Sector Average
TSE:GMX
Globex Mining Enterprises
2.21
0.84
61.31%
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Globex Mining Enterprises Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Globex Royalties Poised to Benefit as Radisson Launches Advanced O’Brien Exploration
Positive
Aug 24, 2026
Globex Mining Enterprises Inc. is a North America-focused mining company that acquires and manages mineral properties and royalty interests, including gold projects such as Radisson’s O’Brien and its own Cadillac Wood asset in Quebec. ...
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.