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NGEx Minerals Ltd.TSX:NGEX Stock Report

Market Cap CA$5.7b
Share Price
CA$25.73
CA$35.14
26.8% undervalued intrinsic discount
1Y102.4%
7D2.4%
Portfolio Value
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NGEx Minerals Ltd.

TSX:NGEX Stock Report

Market Cap: CA$5.7b

NGEx Minerals (NGEX) Stock Overview

Engages in the acquisition, exploration, and development of mineral properties in South America. More details

NGEX fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends2/6

Rewards

Trading at 55.1% below our estimate of its fair value

Analysts in good agreement that stock price will rise by 36.6%

Risk Analysis

Makes less than USD$1m in revenue (CA$0)

Currently unprofitable and not forecast to become profitable over the next 3 years


NGEX Community Fair Values

Create Narrative

See what 12 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Materials opportunity
UG logo
Upside Gold
Fair Value from
CA$5.0768.0% undervalued intrinsic discount

An Undervalued 3.3Moz Gold Project in Canada

Key takeaways Upside Gold is developing the Kena Gold Project, near the town of Nelson in the Kootenays region of southern British Columbia. Kena hosts a historical gold resource of 3.33 million ounces (561,000 ounces Indicated and 2.77 million ounces Inferred) across a 10,200-hectare land package.

Read full narrative
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NGEx Minerals Ltd. Competitors

Price History & Performance

Summary of share price highs, lows and changes for NGEx Minerals
Historical stock prices
Current Share PriceCA$25.73
52 Week HighCA$32.41
52 Week LowCA$11.66
Beta1.85
1 Month Change-0.73%
3 Month Change-8.82%
1 Year Change102.44%
3 Year Change301.40%
5 Year Change3,628.99%
Change since IPO6,332.50%

Recent News & Updates

Recent updates

Analysis Article • Jul 14

Here's Why We're Not Too Worried About NGEx Minerals' (TSE:NGEX) Cash Burn Situation

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Analysis Article • Jun 17

Is There An Opportunity With NGEx Minerals Ltd.'s (TSE:NGEX) 43% Undervaluation?

Key Insights Using the 2 Stage Free Cash Flow to Equity, NGEx Minerals fair value estimate is CA$26.33 Current share...
Analysis Article • Mar 29

Here's Why We're Not At All Concerned With NGEx Minerals' (TSE:NGEX) Cash Burn Situation

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...
Analysis Article • Aug 21

Companies Like NGEx Minerals (TSE:NGEX) Are In A Position To Invest In Growth

We can readily understand why investors are attracted to unprofitable companies. For example, although...
Analysis Article • Apr 17

We Think NGEx Minerals (TSE:NGEX) Can Afford To Drive Business Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...
Analysis Article • Dec 21

We're Hopeful That NGEx Minerals (CVE:NGEX) Will Use Its Cash Wisely

Just because a business does not make any money, does not mean that the stock will go down. By way of example, NGEx...
Analysis Article • Apr 08

Is NGEx Minerals (CVE:NGEX) In A Good Position To Deliver On Growth Plans?

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
Analysis Article • Jul 07

NGEx Minerals (CVE:NGEX) Is In A Good Position To Deliver On Growth Plans

There's no doubt that money can be made by owning shares of unprofitable businesses. Indeed, NGEx Minerals ( CVE:NGEX...
Analysis Article • Mar 24

Would NGEx Minerals (CVE:NGEX) Be Better Off With Less Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

NGEXCA Metals and MiningCA Market
7D2.4%6.2%2.3%
1Y102.4%90.9%34.5%

Return vs Industry: NGEX exceeded the Canadian Metals and Mining industry which returned 90.9% over the past year.

Return vs Market: NGEX exceeded the Canadian Market which returned 34.5% over the past year.

Price Volatility

Is NGEX's price volatile compared to industry and market?
NGEX volatility
NGEX Average Weekly Movement8.5%
Metals and Mining Industry Average Movement12.0%
Market Average Movement10.3%
10% most volatile stocks in CA Market17.8%
10% least volatile stocks in CA Market4.0%

Stable Share Price: NGEX has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: NGEX's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201954Wojtek Wodzickingexminerals.com

NGEx Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in South America. The company’s flagship project includes Vicuña Project consists of the Los Helados deposit located in Chile and the Lunahuasi deposit in San Juan, Argentina. The company was formerly known as 11264796 Canada Inc. and changed its name to NGEx Minerals Ltd.

NGEx Minerals Ltd. Fundamentals Summary

How do NGEx Minerals's earnings and revenue compare to its market cap?
NGEX fundamental statistics
Market capCA$5.72b
Earnings (TTM)-CA$123.34m
Revenue (TTM)n/a
0.0x
P/S Ratio
-45.2x
P/E Ratio

Is NGEX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NGEX income statement (TTM)
RevenueCA$0
Cost of RevenueCA$0
Gross ProfitCA$0
Other ExpensesCA$123.34m
Earnings-CA$123.34m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

May 08, 2026

Earnings per share (EPS)-0.57
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did NGEX perform over the long term?

See historical performance and comparison

Dividends

11.7%
Current Dividend Yield
n/a
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 13:02
End of Day Share Price 2026/05/07 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NGEx Minerals Ltd. is covered by 18 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stefan IoannouATB Cormark
Alexander Robert PearceBMO Capital Markets Equity Research
Rene CartierBMO Capital Markets Equity Research