GMX Stock Overview
Globex Mining Enterprises Inc. engages in the acquisition, exploration, and development of mineral properties in North America.
Globex Mining Enterprises Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$1.16|
|52 Week High||CA$1.69|
|52 Week Low||CA$0.90|
|1 Month Change||-27.50%|
|3 Month Change||-12.78%|
|1 Year Change||-19.44%|
|3 Year Change||236.23%|
|5 Year Change||127.45%|
|Change since IPO||241.18%|
Recent News & Updates
|GMX||CA Metals and Mining||CA Market|
Return vs Industry: GMX underperformed the Canadian Metals and Mining industry which returned -7.4% over the past year.
Return vs Market: GMX underperformed the Canadian Market which returned 4.9% over the past year.
|GMX Average Weekly Movement||7.7%|
|Metals and Mining Industry Average Movement||10.8%|
|Market Average Movement||9.9%|
|10% most volatile stocks in CA Market||16.9%|
|10% least volatile stocks in CA Market||4.3%|
Stable Share Price: GMX is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: GMX's weekly volatility (8%) has been stable over the past year.
About the Company
Globex Mining Enterprises Inc. engages in the acquisition, exploration, and development of mineral properties in North America. It has a mineral portfolio of approximately 204 early to mid-stage exploration, development, and royalty properties containing base metals, including copper, nickel, zinc, and lead; precious metals, such as gold, silver, platinum, and palladium; specialty metals and minerals comprising manganese, vanadium, titanium oxide, iron, molybdenum, lithium, cobalt, scandium, and antimony, as well as rare earths and associated elements; and industrial minerals consisting of mica, silica, potassic feldspar, pyrophyllite, kaolin, talc, and magnesite. Globex Mining Enterprises Inc. was incorporated in 1949 and is headquartered in Toronto, Canada.
Globex Mining Enterprises Fundamentals Summary
|GMX fundamental statistics|
Is GMX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GMX income statement (TTM)|
|Cost of Revenue||CA$0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.42|
|Net Profit Margin||65.90%|
How did GMX perform over the long term?See historical performance and comparison
Is Globex Mining Enterprises undervalued compared to its fair value and its price relative to the market?
Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GMX (CA$1.16) is trading above our estimate of fair value (CA$1.06)
Significantly Below Fair Value: GMX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GMX is good value based on its PE Ratio (2.8x) compared to the Canadian Metals and Mining industry average (11x).
PE vs Market: GMX is good value based on its PE Ratio (2.8x) compared to the Canadian market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GMX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GMX is good value based on its PB Ratio (1.9x) compared to the CA Metals and Mining industry average (2x).
How is Globex Mining Enterprises forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Globex Mining Enterprises has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Globex Mining Enterprises performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GMX has a high level of non-cash earnings.
Growing Profit Margin: GMX's current net profit margins (65.9%) are lower than last year (86%).
Past Earnings Growth Analysis
Earnings Trend: GMX has become profitable over the past 5 years, growing earnings by 78.5% per year.
Accelerating Growth: GMX's earnings growth over the past year (233.5%) exceeds its 5-year average (78.5% per year).
Earnings vs Industry: GMX earnings growth over the past year (233.5%) exceeded the Metals and Mining industry -3.8%.
Return on Equity
High ROE: GMX's Return on Equity (66.6%) is considered outstanding.
How is Globex Mining Enterprises's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: GMX's short term assets (CA$27.0M) exceed its short term liabilities (CA$206.1K).
Long Term Liabilities: GMX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GMX is debt free.
Reducing Debt: GMX had no debt 5 years ago.
Debt Coverage: GMX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GMX has no debt, therefore coverage of interest payments is not a concern.
What is Globex Mining Enterprises's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GMX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GMX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GMX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GMX's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as GMX has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Jack Stoch (74 yo)
Mr. Jack Stoch, B.Sc., P.Geo., serves as the Chief Executive Officer and President of Chibougamau Independent Mines Inc. and Globex Mining Enterprises Inc. Mr. Stoch is also the Owner of Jack Stoch Geocons...
CEO Compensation Analysis
Compensation vs Market: Jack's total compensation ($USD139.55K) is about average for companies of similar size in the Canadian market ($USD168.65K).
Compensation vs Earnings: Jack's compensation has been consistent with company performance over the past year.
Experienced Board: GMX's board of directors are seasoned and experienced ( 37.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Globex Mining Enterprises Inc.'s employee growth, exchange listings and data sources
- Name: Globex Mining Enterprises Inc.
- Ticker: GMX
- Exchange: TSX
- Founded: 1949
- Industry: Diversified Metals and Mining
- Sector: Materials
- Implied Market Cap: CA$64.331m
- Shares outstanding: 55.46m
- Website: https://www.globexmining.com
- Globex Mining Enterprises Inc.
- 89 Belsize Drive
- M4S 1L3
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/22 00:00|
|End of Day Share Price||2022/05/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.