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NGEx Minerals
(TSX:NGEX)
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Rating:52Neutral
Price Target:
C$24.00
▼(-20.63% Downside)
Action:Reiterated
Date:08/09/26
The score is held down primarily by weak financial performance (no revenue, sizable losses, and accelerating cash burn that may require additional financing). Technical indicators are a clear positive, with price trading above key moving averages and positive momentum signals. Valuation remains constrained by negative earnings (negative P/E) and no provided dividend yield.
Positive Factors
Minimal Leverage
Minimal leverage gives NGEx Minerals financial flexibility while it advances exploration and technical studies. The very low debt burden limits interest obligations and reduces refinancing pressure, leaving more capacity to allocate capital toward project development and future resource growth.
Negative Factors
No Revenue Base
The absence of revenue means NGEx Minerals has not yet demonstrated commercial production or a recurring operating cash inflow. That leaves financial performance dependent on exploration progress and access to capital, while limiting earnings visibility and the ability to fund activities internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal Leverage
Minimal leverage gives NGEx Minerals financial flexibility while it advances exploration and technical studies. The very low debt burden limits interest obligations and reduces refinancing pressure, leaving more capacity to allocate capital toward project development and future resource growth.
Read all positive factors
NGEx Minerals (NGEX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.17B
Dividend YieldN/A
Average Volume (3M)182.63K
Price to Earnings (P/E)―
Beta (1Y)1.76
Revenue GrowthN/A
EPS Growth-34.95%
CountryCA
Employees54
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.61
Shares Outstanding216,858,780
10 Day Avg. Volume149,356
30 Day Avg. Volume182,626
Financial Highlights & Ratios
PEG Ratio-0.49
Price to Book (P/B)11.84
Price to Sales (P/S)0.00
P/FCF Ratio-55.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$34.00Price Target Upside12.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.56
Revenue Forecast (FY)N/A
NGEx Minerals Business Overview & Revenue Model
Company Description
NGEx Minerals Ltd. is an enterprise dedicated to the acquisition, exploration, and advancement of mineral assets across South America. A prominent holding is the Los Helados project, a substantial porphyry deposit yielding copper, gold, and silver...
NGEx Minerals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -36.44K | -70.67K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -130.67M | -123.19M | -77.00M | -48.97M | -34.29M | -7.58M |
| Net Income | -130.93M | -123.34M | -63.60M | -37.72M | -32.42M | -5.46M |
Balance Sheet | ||||||
| Total Assets | 477.75M | 456.61M | 208.56M | 81.29M | 32.31M | 25.73M |
| Cash, Cash Equivalents and Short-Term Investments | 467.38M | 447.75M | 198.55M | 74.73M | 23.25M | 21.00M |
| Total Debt | 3.45M | 3.67M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 44.38M | 16.97M | 13.53M | 7.82M | 8.30M | 2.35M |
| Stockholders Equity | 433.37M | 439.64M | 195.03M | 73.47M | 24.01M | 23.38M |
Cash Flow | ||||||
| Free Cash Flow | -104.84M | -93.49M | -48.66M | -27.41M | -27.28M | -4.15M |
| Operating Cash Flow | -104.84M | -93.49M | -46.17M | -27.09M | -27.16M | -4.03M |
| Investing Cash Flow | -83.56M | -35.31M | -32.29M | -15.32M | -126.22K | -125.76K |
| Financing Cash Flow | 174.36M | 173.14M | 173.63M | 84.71M | 29.83M | 24.36M |
NGEx Minerals Technical Analysis
Negative
30.24
Price Trends
26.41
Negative
26.15
Negative
26.77
Negative
Market Momentum
-0.67
Positive
41.79
Neutral
18.30
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NGEX, the sentiment is Negative. The current price of 30.24 is above the 20-day moving average (MA) of 24.91, above the 50-day MA of 26.41, and above the 200-day MA of 26.77, indicating a bearish trend. The MACD of -0.67 indicates Positive momentum. The RSI at 41.79 is Neutral, neither overbought nor oversold. The STOCH value of 18.30 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NGEX.
NGEx Minerals 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% | |
53 Neutral | C$1.20B | -45.07 | -27.24% | ― | ― | -97.05% | |
53 Neutral | C$497.84M | -31.46 | -27.68% | ― | ― | -441.94% | |
53 Neutral | C$624.65M | -223.87 | -3.92% | ― | ― | 40.46% | |
52 Neutral | C$5.17B | -39.07 | -31.93% | ― | ― | -34.95% | |
51 Neutral | C$676.26M | -104.55 | -2.57% | ― | ― | -60.67% | |
41 Neutral | C$899.43M | -13.02 | -203.28% | ― | ― | 18.14% |
* Basic Materials Sector Average
TSE:NGEX
NGEx Minerals
23.83
-0.54
-2.20%
TSE:NDM
Northern Dynasty Minerals
1.60
-2.29
-58.87%
TSE:WRN
Western Copper
2.99
-0.28
-8.56%
TSE:NCX
NorthIsle Copper and Gold
3.61
2.17
150.69%
TSE:PML
Panoro Minerals
1.61
1.14
238.95%
TSE:REG
Regulus Resources
4.97
2.28
84.76%
NGEx Minerals Corporate Events
Business Operations and StrategyShareholder Meetings
NGEx Minerals Moves Ahead With Valle Ancho Spin-Out Plan
Positive
Oct 2, 2026
NGEx Minerals has called a special shareholders’ meeting for October 29, 2026 in Vancouver to seek approval for the spin-out of its Valle Ancho Project into Valiente Resources Inc. Under a proposed plan of arrangement, existing NGEx shares w...
Business Operations and StrategyExecutive/Board Changes
NGEx Minerals Revamps Board Leadership as Chair Rand Retires
Positive
Sep 17, 2026
NGEx Minerals has announced a significant leadership transition, with long-time Chair and director William Rand retiring from the board after guiding the company and its predecessor since 2019. In recognition of his influence on NGEx and the broad...
Business Operations and Strategy
NGEx Minerals Schedules September 2026 Investor Day Webcast
Positive
Sep 8, 2026
NGEx Minerals Ltd., a Canadian exploration company focused on copper-gold-silver projects in the Vicuña District spanning Argentina and Chile, is advancing its wholly owned Lunahuasi project and majority-owned Los Helados project alongside pa...
Business Operations and StrategyFinancial Disclosures
NGEx Minerals’ Phase 4 drilling boosts scale and grades at Lunahuasi
Positive
Aug 7, 2026
NGEx Minerals reported its Q2 2026 results alongside the successful completion of a 27,318‑metre Phase 4 drill program at the Lunahuasi copper‑gold‑silver deposit. The campaign delivered multiple long, high‑grade intersecti...
Business Operations and StrategyM&A Transactions
NGEx Minerals to Spin Out Valle Ancho into New Lundin-Backed Explorer
Positive
Aug 6, 2026
NGEx Minerals plans to spin out its Valle Ancho Project into a new South America-focused exploration company, Spinco, via a statutory plan of arrangement. Valle Ancho is a 109,000-hectare underexplored copper-gold land package straddling ChileR...
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.