Globex Mining Ent (GMX) AI Stock Analysis

• Market Cap: C$88.64M
• Dividend Yield: N/A
• Average Volume (3M): 31.25K
• Price to Earnings (P/E): 19.0
• Beta (1Y): 0.73
• Revenue Growth: 226.72%
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Mining
• EPS (TTM): 0.08
• Shares Outstanding: 56,100,838
• 10 Day Avg. Volume: 18,233
• 30 Day Avg. Volume: 31,249
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 18.94
• Price to Cash Flow (P/CF): -34.40
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

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.

Globex Mining Ent Business Overview & Revenue Model

Company Description

Globex Mining Enterprises (GMX) is a diversified exploration, royalty, and property bank company based in Canada. Operating within the natural resources sector, GMX is primarily engaged in the acquisition, development, and management of mineral properties. The company's core focus is on the exploration and mining of base and precious metals, including gold, silver, copper, zinc, and others. Globex Mining Ent. maintains a significant portfolio of properties across North America and Europe, aimed at maximizing shareholder value through strategic partnerships and property transactions.

How the Company Makes Money

Globex Mining Enterprises generates revenue primarily through three key streams. The first is property sales and options, where they acquire mineral properties and subsequently sell or option them to other mining companies for a profit. This involves leveraging their extensive portfolio of properties to facilitate transactions that create value. The second revenue stream is royalty income, where GMX earns royalties from operating mining companies that extract resources from properties originally owned or developed by Globex. This provides a steady, passive income stream without the need for GMX to directly engage in mining operations. Additionally, the company may also earn revenue from joint ventures and strategic partnerships, where they collaborate with other entities for the development and exploration of mineral properties, sharing both costs and profits. These partnerships often involve sharing expertise, resources, and risks, allowing GMX to expand its project base and enhance its revenue potential.

Globex Mining Ent Financial Statement Overview

Summary

Globex Mining Ent shows a strong financial position with significant improvements in profitability and cash flow generation, supported by a solid balance sheet with no debt. The recent positive trends in profitability and cash flow are encouraging, though the historical volatility in financial performance suggests a need for cautious optimism.

Income Statement

The income statement reflects a strong recovery with significant revenue growth from the previous periods, especially notable in the TTM figures. Profit margins have improved significantly, with a high net profit margin at 108.29% and a gross profit margin of 98.00% for the TTM. However, these figures are skewed due to previous losses, suggesting volatility. Nonetheless, the company has demonstrated a remarkable turnaround over the past years.

Balance Sheet

The balance sheet showcases a strong equity position with a debt-to-equity ratio of 0, highlighting no reliance on debt financing and robust financial health. The equity ratio stands at a healthy 98.91% for the TTM, reflecting a strong capital structure. However, the low total liabilities might indicate under-leverage, which can be a missed opportunity for growth through financed expansion.

Cash Flow

Cash flow analysis reveals strong positive free cash flow and significant growth in operating cash flow compared to previous periods. The operating cash flow to net income ratio is 0.68 for TTM, indicating efficient cash conversion from earnings. Free cash flow has been growing, demonstrating operational efficiency, though historical fluctuations highlight potential cash flow volatility.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
4.25M	4.13M	2.00M	35.27M	7.40M	2.29M
	Gross Profit
4.17M	4.05M	1.92M	35.23M	7.37M	2.26M
	EBIT
1.21M	1.29M	964.15K	31.66M	3.15M	-992.74K
	EBITDA
1.51M	1.39M	-2.21M	31.60M	4.37M	-963.24K
	Net Income Common Stockholders
4.60M	1.37M	-4.13M	23.71M	5.97M	-1.05M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
24.85M	24.63M	21.62M	26.71M	10.46M	3.03M
	Total Assets
32.92M	32.42M	31.25M	37.51M	12.04M	5.80M
	Total Debt
403.06K	0.00	0.00	0.00	51.10K	0.00
	Net Debt
-3.34M	-6.61M	-1.53M	-12.13M	-4.72M	-1.61M
	Total Liabilities
703.07K	171.40K	209.83K	2.61M	1.15M	1.17M
	Stockholders Equity
32.22M	32.25M	31.05M	34.90M	10.89M	4.63M
Cash Flow		Free Cash Flow
3.04M	2.08M	-3.19M	7.06M	536.35K	-1.46M
	Operating Cash Flow
3.12M	2.27M	-3.04M	7.59M	559.87K	-1.45M
	Investing Cash Flow
3.29M	3.25M	-3.84M	-126.42K	1.24M	102.60K
	Financing Cash Flow
63.33K	-422.69K	40.65K	-104.59K	157.29K	846.96K

Globex Mining Ent Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.58
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 1.58 is above the 20-day moving average (MA) of 1.47, above the 50-day MA of 1.44, and above the 200-day MA of 1.10, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 64.23 is Neutral, neither overbought nor oversold. The STOCH value of 89.88 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GMX.

Globex Mining Ent Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GMX	74 Outperform	C$88.64M	18.97	14.99%	―	226.72%	―
HBM	72 Outperform	$4.64B	41.31	3.30%	0.18%	42.67%	718.35%
LUN	70 Outperform	$11.42B	25.63	0.24%	2.86%	-2.71%	-188.94%
FM	67 Neutral	$18.11B	―	0.02%	―	-24.38%	99.06%
CS	56 Neutral	$6.42B	55.83	2.90%	―	12.21%	―
IVN	50 Neutral	$19.84B	62.75	5.25%	―	―	-33.54%
Sector *	47 Neutral	$2.68B	-4.00	-28.59%	3.28%	2.32%	-29.47%

Globex Mining Ent Corporate Events

Globex Mining Announces Promising Drill Results at Duquesne West

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 Updates on Promising Tyrone Property Developments

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 Sells O3 Shares at Premium, Retains Royalties

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’s Lac Escale Royalty Property Sees New Drilling Initiatives

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.

Globex Reports Positive Progress on Bell Mountain Gold Royalty Property

Globex Mining Enterprises Inc. announced progress at its Bell Mountain gold royalty property in Nevada, as reported by Lincoln Gold Mining Inc. The project indicates strong financial prospects with a pre-tax IRR of 63.2% and an after-tax IRR of 59.6%. Construction is expected to take 8 to 10 months once financing is secured, with initial gold and silver production anticipated 4 to 5 months thereafter. Globex retains a 3% Gross Metal Royalty, potentially enhancing its revenue stream upon successful project execution.

Globex Mining Options Bald Hill Antimony Property to Big Red Mining

Globex Mining Enterprises Inc. has announced that it has optioned its Bald Hill antimony property in New Brunswick to Big Red Mining Corp. The agreement includes cash payments totaling $2 million and 1.1 million shares to Globex over four years, with a condition that Big Red invests at least $5 million in the property’s development. Globex retains a 3.5% Gross Metal Royalty, with an option for a 1.0% buyback. The Bald Hill property, consisting of 26 claims, has shown promising antimony occurrences, with previous exploration indicating significant potential for future development. This strategic move may enhance Globex’s market positioning and stakeholder value by leveraging the property’s mineral potential through Big Red’s investment.

Globex Mining Gains from Promising Lithium Discoveries in Quebec

Globex Mining Enterprises Inc. announced significant lithium-bearing intersections from Brunswick Exploration Inc.’s drilling program on the Mirage Property in Quebec, where Globex holds a 3% Gross Metal Royalty. These results, which include wide and well-mineralized intervals, are expected to enhance Globex’s market position in the lithium sector and potentially boost stakeholder interest by demonstrating the property’s promising mineral potential.

Globex Mining’s Bell Mountain Project Advances with Lincoln Gold Acquisition

Globex Mining announced that Lincoln Gold Mining Inc. has acquired the Bell Mountain Project in Nevada, which is set to advance the gold royalty project with construction expected in the next 8 to 10 months. This development is significant for Globex, as they hold a royalty agreement based on gold prices and receive annual advance payments, potentially enhancing their revenue stream. Additionally, a Preliminary Economic Assessment (PEA) has been filed, projecting robust cash flow with a gold price of $2,200/oz, indicating a promising economic outlook for the project.

Globex Mining Reports Promising Gold Discoveries at Duquesne West

Globex Mining Enterprises Inc. announced promising results from Emperor Metals Inc.’s 2024 drill program at the Duquesne West property in Quebec, with significant gold mineralization detected. This development, which is crucial for future open-pit mining potential, reinforces the opportunity to optimize and expand mining boundaries, potentially enhancing the value of the deposit and impacting Globex’s operations as a 50% owner.

Globex Mining Reports High-Grade Gold Discoveries at Ironwood Zone

Globex Mining Enterprises Inc. has announced additional high-grade gold assay results from its Ironwood Gold Zone located at the Wood Gold Mine/Central Cadillac Mines property in Quebec. The recent drill program, comprising 19 drill holes, aimed at defining the deposit’s boundaries and confirming its high-grade nature, yielded promising results with multiple gold zones intersected. This advancement enhances Globex’s understanding of the deposit’s shape and gold distribution, enabling the company to progress further in its strategic planning and potential operational development. Additionally, the company is poised to benefit from its stake in Electric Royalties, which holds royalties on the Battery Hill manganese project.

Globex Mining Signs Deal for Magusi Project

Globex Mining Enterprises Inc. has entered into an option agreement with Electro Metals and Mining Inc. for its Magusi Copper-Zinc-Silver-Gold Project in Quebec. The agreement involves significant financial commitments from Electro, including cash payments, shares, and extensive expenditures on the property. Upon successful completion, Globex will retain a Gross Metal Royalty and advance royalty payments.

Globex Mining Reports Promising Gold Drill Results

Globex Mining Enterprises Inc. has reported promising drill results from its Ironwood Gold Zone in Quebec, aiming to define the western boundary of the mineralization. The recent drilling revealed significant gold intersections, with some results showing high gold values at various depths. This development highlights the potential of the site and could attract investor interest in its exploration progress.

Globex Mining Uncovers High-Grade Gold in Quebec

Globex Mining Enterprises has announced promising assay results from two drill holes at its Ironwood gold zone in Quebec, showcasing high-grade gold intersections. The results highlight a significant true width of 23.22 metres grading 23.82 g/t gold, indicating the potential economic viability of the site.

Globex Mining Reveals Promising Ironwood Drill Results

Globex Mining Enterprises Inc. has reported promising results from the first four drill holes on their 100% owned Ironwood gold deposit in Quebec. The drilling program aims to delineate the boundaries and grade of the deposit, which has shown high gold grades in previous assessments. These results could influence future mining methods for the relatively small but high-grade deposit.

Globex Mining’s Parbec Gold Property Sees New Advancements

Globex Mining Enterprises Inc. has announced that Renforth Resources Inc. is advancing initiatives at the Parbec Gold Deposit in Quebec, which includes a gold resource update and testing of the mineralized rock. This development is significant as it considers a higher current gold price, potentially impacting the valuation of Globex’s 3% Gross Metal Royalty on the property.

Globex Mining Announces New Drilling by O3 Mining

Globex Mining Enterprises Inc. has announced that O3 Mining Inc. has started an 8,000 meter drilling program on the Florence and Cameron Royalty Claims, which were partly acquired from Globex. The drilling, part of the Kinebik Project in Quebec, aims to explore the gold-rich Casa Berardi trend, with Globex retaining significant royalty interests in the claims.

Globex Mining Reports Promising Gold Test Results

Globex Mining Enterprises Inc. reports promising metallurgical test results from the Duquesne West gold deposit, conducted by Emperor Metals Inc. The tests indicate high recovery rates, confirming the potential for successful future extraction using conventional methods, bolstering investor confidence.

Globex Mining Initiates Drilling on Ironwood Gold Deposit

Globex Mining Enterprises has launched a 17-hole drill program on its high-grade Ironwood Gold Deposit in Quebec, aiming to confirm and upgrade its resource potential. The project, situated near essential infrastructure, faces several challenges such as permitting, metallurgical processing, and public acceptability. Despite these hurdles, the company is exploring various methods to enhance gold and silver recovery and potentially move towards production.