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Globex Mining Ent
(TSX:GMX)
Globex Mining Ent (GMX) vs. S&P 500 (SPY)
Globex Mining Ent Business Overview & Revenue Model
Globex Mining Ent Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.48M | 4.13M | 2.00M | 35.27M | 7.40M | Gross Profit |
| 1.39M | 4.05M | 1.92M | 35.23M | 7.37M | EBIT |
| -1.93M | 1.29M | 964.15K | 31.66M | 3.15M | EBITDA |
| -1.90M | 1.39M | -2.21M | 31.60M | 4.37M | Net Income Common Stockholders |
| 1.32M | 1.37M | -4.13M | 23.71M | 5.97M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 28.95M | 24.63M | 21.62M | 26.71M | 10.46M | Total Assets |
| 34.52M | 32.42M | 31.25M | 37.51M | 12.04M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 51.10K | Net Debt |
| -9.11M | -6.61M | -1.53M | -12.13M | -4.72M | Total Liabilities |
| 848.51K | 171.40K | 209.83K | 2.61M | 1.15M | Stockholders Equity |
| 33.67M | 32.25M | 31.05M | 34.90M | 10.89M |
| Cash Flow | Free Cash Flow | |||
| 2.47M | 2.08M | -3.19M | 7.06M | 536.35K | Operating Cash Flow |
| 2.49M | 2.27M | -3.04M | 7.59M | 559.87K | Investing Cash Flow |
| -101.92K | 3.25M | -3.84M | -126.42K | 1.24M | Financing Cash Flow |
| 92.66K | -422.69K | 40.65K | -104.59K | 157.29K |
Globex Mining Ent Technical Analysis
Globex Mining Ent Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $8.88B | 25.63 | 0.24% | 3.36% | -2.71% | -188.94% | |
64 Neutral | $3.87B | 35.17 | 3.30% | 0.21% | 19.70% | 9.24% | |
58 Neutral | $13.90B | ― | 0.02% | ― | -24.38% | 99.06% | |
58 Neutral | C$80.78M | 60.25 | 4.02% | ― | -64.15% | -2.45% | |
56 Neutral | $4.62B | 40.13 | 2.90% | ― | 20.74% | ― | |
49 Neutral | $1.92B | -1.52 | -22.19% | 3.84% | 0.67% | -27.73% | |
47 Neutral | C$16.27B | 51.45 | 5.25% | ― | ― | -33.54% |
Globex Mining Ent Corporate Events
Globex Mining Enterprises Inc. has announced new drilling results from its Battery Hill manganese property in New Brunswick, managed by Manganese X Energy Corp. The drilling program, which includes 12 new drill holes, aims to upgrade resources to support a pre-feasibility study, positioning the project as a key supplier of high-purity manganese for North America’s EV and alternative energy sectors. This development aligns with the growing demand for critical minerals in Canada, enhancing Globex’s strategic positioning in the market.
Spark’s Take on TSE:GMX Stock
According to Spark, TipRanks’ AI Analyst, TSE:GMX is a Neutral.
Globex Mining Enterprises presents a promising but cautious investment opportunity. Its strong corporate developments and positive technical trends are notable strengths. However, significant financial volatility and a high valuation pose risks that need careful monitoring.
To see Spark’s full report on TSE:GMX stock, click here.
Globex Mining Enterprises Inc. has announced a significant 29% increase in the gold resource at its Parbec Gold Deposit property, as reported by Renforth Resources Inc. This increase, with 12% of the new resource in the Measured category and 61% in the Indicated category, enhances the confidence in the resource’s potential. Located near the Canadian Malartic Gold Mine, this development strengthens Globex’s position in the gold mining sector and potentially increases its attractiveness to investors and stakeholders.
Spark’s Take on TSE:GMX Stock
According to Spark, TipRanks’ AI Analyst, TSE:GMX is a Outperform.
Globex Mining Enterprises demonstrates strong financial health and technical momentum, bolstered by promising corporate developments. However, the high RSI and stochastic levels indicate the stock may be overbought, which requires careful monitoring. The company’s valuation is reasonable, supporting a positive outlook, but caution is warranted given historical financial volatility.
To see Spark’s full report on TSE:GMX stock, click here.
Globex Mining Enterprises Inc. celebrated its 30th anniversary of being listed on the Toronto Stock Exchange, marking a significant milestone in its corporate history. This achievement highlights the company’s longstanding presence and stability in the mining sector, potentially reinforcing investor confidence and enhancing its market positioning.
Globex Mining Enterprises Inc. has announced the acquisition of three gold royalties from IAMGOLD Corporation, enhancing the value of its Porcupine West Gold, Eldrich Gold Mine, and Rouyn-Merger Gold Mine properties in Quebec. This strategic move is expected to consolidate Globex’s position in the gold mining sector by eliminating existing royalties, thereby improving the potential profitability of these properties. The company has already undertaken significant exploration and modeling work on these sites, identifying numerous exploration targets and securing a drill permit, which could lead to increased gold production and exploration opportunities.
Globex Mining Enterprises Inc. has reported high-grade gold assay results from its Kewagama Royalty Claims and Duquesne West Optioned Claims. The results, announced by Radisson Mining Resources and Emperor Metals, indicate significant gold intersections, including a notable 8.36 grams per tonne over 15 meters and a re-assayed 301.1 grams per tonne over 2.5 meters. These findings could enhance Globex’s position in the gold mining sector, potentially increasing the value of its royalty claims and options, and providing positive implications for stakeholders.
Globex Mining Enterprises Inc. announced that Emperor Metals Inc., under option from Globex, has completed significant drilling and assaying work on the Duquesne West Property in Quebec. The findings include promising gold intercepts, suggesting the potential for expanding open-pit mining operations. This development could enhance Globex’s strategic position in the mining sector by potentially increasing resource estimations and offering new zones for exploration.
Globex Mining Enterprises Inc. announced progress in metallurgical testing on two of its royalty properties. Radisson Mining Resources Inc. reported promising gold recovery rates from its O’Brien Project, which includes mines where Globex holds royalties, suggesting the feasibility of using the Doyon-Westwood mill for processing. Additionally, Brunswick Exploration Inc. shared positive results from initial metallurgical testing at the Mirage Project, highlighting efficient spodumene concentrate production with low impurities. These developments could enhance Globex’s stake in these projects, potentially improving its market position and stakeholder value.
Globex Mining Enterprises disclosed new drilling results from the Duquesne West property in Quebec, a project conducted in partnership with Emperor Metals Inc. The drilling campaign, which included 19 new holes and historical core resampling, aimed to delineate a multi-million-ounce gold resource. The results have revealed significant gold mineralization both within and outside the conceptual open-pit area, bolstering expectations for an updated mineral resource estimate in early 2025. These findings suggest potential expansion of the resource base, highlighting the project’s exploration upside and potential value addition for stakeholders.
Globex Mining Enterprises Inc. has reported significant developments at its Tyrone property in the Eeyou Istchee James Bay region of Quebec. The neighboring Azimut Exploration Inc. announced promising drill results indicating potential nickel, copper, and platinum group elements near Globex’s property boundary, suggesting possible extensions onto Globex’s claims. These findings could enhance Globex’s operational prospects and strengthen its position in the mineral exploration market.
Globex Mining Enterprises Inc. announced that it has sold its shares in O3 Mining Inc. to Agnico Eagle Mines Ltd. for a total of $1,980,447.99, representing a 58% premium per share. This transaction, stemming from previous claims sales, allows Globex to continue holding significant royalties on the lands involved, potentially impacting its future revenue streams positively.
Globex Mining Enterprises Inc. announced that Brunswick Exploration Inc. has commenced a 5,000-meter drilling program on its Lac Escale (Mirage) property in Quebec, where Globex holds a 3% Gross Metal Royalty. This development is significant as it targets multiple untested and promising mineral zones, potentially enhancing Globex’s future revenue through royalties and impacting its strategic position within the mining sector.