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AEX Gold, Inc. (TSE:AMRQ)
:AMRQ
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AEX Gold, Inc.
(AMRQ)
52Neutral
AEX Gold, Inc. (AMRQ) vs. S&P 500 (SPY)
Market Cap
C$695.98M
Dividend YieldN/A
Average Volume (3M)22.86K
Price to Earnings (P/E)―
Beta (1Y)0.41
Revenue GrowthN/A
EPS Growth-429.24%
CountryCA
Employees22
SectorBasic Materials
Sector Strength63
IndustryMining
Share Statistics
EPS (TTM)-0.11
Shares Outstanding397,702,330
10 Day Avg. Volume23,180
30 Day Avg. Volume22,858
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)193.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$2.32Price Target Upside32.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
AEX Gold, Inc. Business Overview & Revenue Model
Company DescriptionAEX Gold, Inc. (AMRQ) is a mineral exploration company primarily focused on the identification, acquisition, exploration, and development of gold properties in Greenland. The company's mission is to leverage its expertise and resources to discover and develop high-quality gold deposits in this underexplored region. AEX Gold's core activities include geological surveys, drilling, and feasibility studies to establish the potential and economic viability of its mining projects.
How the Company Makes MoneyAEX Gold, Inc. generates revenue primarily through the exploration and development of gold mining projects. The company aims to advance its projects to the production stage, where it can extract and sell gold. Revenue streams include the sale of mined gold and potentially the sale or joint venture of exploration rights to other mining companies. Key factors contributing to its earnings include the successful discovery and development of economically viable gold deposits, efficient mining operations, and strategic partnerships with other industry players to enhance project development and financing.
AEX Gold, Inc. Financial Statement Overview
Summary
The company shows financial instability with no revenue and increasing operational losses typical of early-stage mining companies. The balance sheet is strong due to low leverage, but negative cash flows and reliance on external funding present significant risks.Income Statement
AEX Gold, Inc. has consistently reported zero revenue across all periods, reflecting the typical pre-revenue stage of exploration companies. The TTM (Trailing-Twelve-Months) shows a worsening net income trend, indicating increasing operational losses. The absence of revenue and growing losses highlight the financial instability and risk associated with the company.15
Very Negative
Balance Sheet
The company's balance sheet reveals a reasonable equity position with a significant stockholders' equity compared to its liabilities, suggesting a low leverage risk. However, the absence of revenue and increasing liabilities are concerning for future financing. The equity ratio appears strong but is offset by the lack of operating income to sustain operations.45
Neutral
Cash Flow
Cash flow statements show negative operating cash flow, consistent with a company in early development stages. Continued negative free cash flow is a concern for sustainability without external financing. The company's reliance on financing activities to support operations is evident, which poses a risk if capital markets tighten.20
Very Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -594.00K | -2.52M | -850.70K | -90.18K | -22.11K | -181.17K | EBIT |
| -24.61M | 22.50M | 22.10M | -24.79M | 12.51M | -5.13M | EBITDA |
| -27.84M | -22.07M | -21.01M | -23.67M | -11.18M | -4.92M | Net Income Common Stockholders |
| -32.26M | -833.51K | -21.15M | -24.73M | -12.44M | -5.11M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 963.79K | 21.01M | 50.14M | 27.32M | 61.87M | 1.52M | Total Assets |
| 1.96M | 106.95M | 65.10M | 42.78M | 65.94M | 2.72M | Total Debt |
| 0.00 | 36.40M | 729.24K | 763.91K | 829.81K | 0.00 | Net Debt |
| -963.79K | 15.39M | -49.41M | -26.56M | -61.05M | -1.52M | Total Liabilities |
| 327.85K | 42.67M | 1.87M | 2.81M | 1.66M | 645.93K | Stockholders Equity |
| 1.63M | 64.28M | 63.23M | 39.97M | 64.28M | 2.07M |
| Cash Flow | Free Cash Flow | ||||
| -120.45M | -58.49M | -21.20M | -34.17M | -10.31M | -4.35M | Operating Cash Flow |
| -30.04M | -34.19M | -20.87M | -22.29M | -9.87M | -4.16M | Investing Cash Flow |
| -96.77M | -24.47M | -261.97K | -11.88M | -2.15M | -196.55K | Financing Cash Flow |
| 98.70M | 29.36M | 43.06M | -65.90K | 73.55M | 4.92M |
AEX Gold, Inc. Technical Analysis
Negative
1.75
Price Trends
1.92
Negative
1.73
Negative
1.44
Positive
Market Momentum
-0.06
Positive
38.74
Neutral
43.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AMRQ, the sentiment is Negative. The current price of 1.75 is below the 20-day moving average (MA) of 1.82, below the 50-day MA of 1.92, and above the 200-day MA of 1.44, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 38.74 is Neutral, neither overbought nor oversold. The STOCH value of 43.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:AMRQ.
AEX Gold, Inc. Peers Comparison
Overall Rating
UnderperformOutperform
Sector (46)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | C$2.43B | 23.27 | 20.56% | ― | 64.92% | 185.22% | |
74 Outperform | $4.24B | 10.64 | 8.12% | ― | 27.29% | ― | |
70 Outperform | $2.65B | 133.89 | 1.00% | 0.94% | 0.80% | 137.87% | |
56 Neutral | C$5.13B | 216.64 | 1.33% | 1.04% | 1.62% | -232.31% | |
54 Neutral | C$4.96B | ― | -18.54% | 5.99% | -4.17% | -318.18% | |
52 Neutral | C$695.98M | ― | -32.27% | ― | ― | -429.24% | |
46 Neutral | $2.64B | -3.89 | -29.36% | 3.33% | 2.89% | -29.66% |
* Basic Materials Sector Average
Performance Comparison
TSE:AMRQ
AEX Gold, Inc.
1.70
0.30
21.43%
TSE:SSL
Sandstorm Gold
8.96
2.66
42.11%
TSE:OR
Osisko Gold Royalties
27.46
6.04
28.17%
TSE:BTO
B2Gold
3.90
0.60
18.33%
TSE:ELD
Eldorado Gold
20.80
4.08
24.40%
TSE:KNT
K92 Mining
10.15
3.40
50.37%
AEX Gold, Inc. Earnings Call Summary
Earnings Call Date: Nov 14, 2024 | % Change Since: 19.05% | Next Earnings Date: Mar 28, 2025
Earnings Call Sentiment Positive
The earnings call presented significant progress in the development of the Nalunaq mine with imminent first gold production and strategic agreements. However, higher operational costs and pending resource updates indicate ongoing challenges. The overall sentiment is positive due to the outweighing achievements and strategic advancements.Highlights
Nalunaq Mine Development Progress
The processing plant Phase 1 is ready and has been tested. Mining has been ongoing since May, with stockpiling of ore and ramping up development and mining activities.
First Gold Production Imminent
First gold production from the Nalunaq mine is imminent, with an offtake agreement signed with Auramet and Metalor to buy all the gold at market.
Completion of Exploration Season
Exploration season was completed ahead of schedule and under budget, with more drilling than anticipated.
Improvement in Mining Rate
Development rate in mining has doubled during September and October after bringing on a technical mining team.
Environmental and Strategic Initiatives
Progress on a hydro project feasibility study to save CAD 2 million annually by reducing diesel usage.
Lowlights
Higher Operational Costs
Costs in Greenland remain higher than in Canada and Norway, with ongoing efforts to reduce them.
Lost Time Injury Incidents
The company reported 5 lost time injuries, primarily due to minor accidents.
Pending Resource Estimate Update
Awaiting results from drilling to update the measured resource estimate in Q1 next year.
Company Guidance
During the Q3 2024 earnings call for Amaroq Minerals, the executives provided several key metrics and guidance for the company's future. The processing plant for the Nalunaq mine has completed Phase 1, which has been tested, and mining has been ongoing since May, with ore stockpiling continuing as development ramps up. The company is focusing on ramping up gold production from 130 tonnes per day to 300 tonnes per day, with an estimated recovery rate increasing from 70% to 94% by the end of next year. The expected grade of the gold is between 12 grams to 16 grams per tonne. Financially, Amaroq completed capital asset investments of CAD 32 million this quarter and increased their environmental escrow account to CAD 6.9 million. They have a cash balance of CAD 26 million and drew CAD 25 million on construction loan facilities. Additionally, the strategic minerals exploration is ongoing with targets in copper and nickel, and Amaroq's exploration costs are reducing closer to industry standards in the Nordics and Arctic Canada. The company is also focusing on renewable energy initiatives to reduce dependency on diesel and save costs. They anticipate saving CAD 2 million annually through planned hydroelectric projects, and they aim to improve logistics and servicing efficiencies in Greenland.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.