Watch NGEx Minerals Ltd. for free: we tell you when fair value or trend changes.

NGEx Minerals Ltd. (NGEX) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of NGEx Minerals Ltd. stock C$13.33, price C$22.29, that is 40.2% below the price, quality 43 out of 100. Rating: strongly overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

EstimateBear C$10.00 to bull C$16.67 Growth analysisrevenue history, year by year Quality 43/100 in detail37 factors, each one shown Compared with its peersrank on every measure, side by side

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Basic Materials CA

Thin data Nov 11, 2026

NGEx Minerals Ltd.

NGEX · TO

Very expensive, weak quality

Our calculation puts a fair price 40% below what the stock costs today.

Low debt

Quality 43/100

Neutral coverage

Costs 139 times its yearly profit.

Fair value C$13.33 · Strongly overvalued

Negative free cash flow

Trails peers (3/10)

Narrow moat 10/100 · thin data

Thin data

⟳ CyclicalEstimate

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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

White line = price, green steps = our fair value per fiscal year. As of Nov 11, 2026.

How to read this chart

60‑month range C$0.5193 – C$31.84 · fair‑value band C$10.00 – C$16.67 · the C$22.29 price screens above the C$13.33 fair value. As of Nov 11, 2026.

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Company profile

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.

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The company was formerly known as 11264796 Canada Inc. and changed its name to NGEx Minerals Ltd. in June 2019. NGEx Minerals Ltd. was incorporated in 2019 and is headquartered in Vancouver, Canada.

Stock analysis

NGEx Minerals Ltd. (NGEX) currently trades at C$22.29, while our estimate is C$13.33, 40% below the price, so the stock looks overvalued today.

Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: C$10.00 (bear) to C$16.67 (bull), the price of C$22.29 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 43/100 (below-average quality), in the Basic Materials sector.

NGEx Minerals Ltd. reported revenue of C$0 in FY2025 versus C$0 in FY2021. Reported net income was −C$123M in FY2025.

Key figures

Market cap C$4.8B (≈ $3.4B) Mid · P/E ratio 139.3 · EPS (TTM) C$0.1600 · Return on equity −42.7% · Return on assets (EBIT) 41.1% (5-year average) · Free cash flow −C$93.5M · Net cash C$189M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 30% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −10% fair-value upside, at −40%, NGEX screens richer than that median.

Fair Value

Bear C$10.00 Fair Value C$13.33 Bull C$16.67

Price C$22.29 · Downside -40.2%

Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 43/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0

How much profit the company makes from its sales and capital

Quality Growth 67

Are margins and returns getting better?

Cashflow 59

Do the profits arrive as real cash?

Financial strength 100

Debt, balance sheet and risk of trouble

Investment 0

Does it invest with discipline instead of growing at any price?

Low Volatility 1

How calm the share price moves, does not count

Price momentum 25

Price momentum of the last 3 to 12 months, does not count

Near the 52-week high 24

Distance to the 52-week high, does not count

New shares 12

Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss

not computed

NGEX screens overvalued: fair value 40% below the price. Compare with BHP Group →

Recent news

News mood ⓘNews mood, the average tone of recent news (96 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Neutral

Recent news coverage is roughly neutral, about typical for how stocks are covered.

NGEx Reports Q3 2026 Results; Advancing Lunahuasi, Announcing Phase 5 Drilling, and Approving Valiente Spin-Out Yahoo Finance · Nov 5, 2026
NGEx Receives Court Approval for the Spin-Out of Valle Ancho Project; Announces Proposed Effective Date of Spin-Out and Conditional Approval Yahoo Finance · Nov 3, 2026
NGEx Shareholders Approve Spin-Out of Valiente Resources Inc. Yahoo Finance · Oct 29, 2026
NGEx Minerals (TSX:NGEX) Stock May Look Pricey On Valle Ancho Spin Out Vote Yahoo Finance · Oct 20, 2026

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Price, fair value, quality and upside side by side.

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Industrial Metals & Mining · 577 stocks

Beats the industry median on 3/9 measures

Overall it trails its industry peers.

Valuation

Quality Score 43 · Above median

Fair Value upside −40.2% · Below median

Profitability

Return on assets −27.0% · Bottom 25%

Operating margin (12 months) 0.0% · Above median

Growth and dividend

Revenue growth (quarter YoY) 0.0% · Below median

Dividend yield (12 months) 0.0% · Bottom 25%

Balance sheet

Debt / equity 0.01× · Below median

Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper

P/E (12 months) 139.3× · Priciest 25%

P/B 7.75× · Priciest 25%

Strength profile in five axes (Snowflake)

This stock

Sector peers

VALUE (fair-value potential)0 · sector 4

FUTURE (revenue growth)0 · sector 45

PAST (return on equity)0 · sector 0

HEALTH (low debt)100 · sector 96

DIVIDEND (yield)0 · sector 33

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock	Price	Fair Value	vs Fair Value	Compare
Vedanta Limited VEDL	₹262.00	₹334.17	+28%	vs NGEX
Saudi Arabian Mining Company 1211	57.00 SAR	64.24 SAR	+13%	vs NGEX
Western Mining Co 601168	¥28.25	¥30.98	+10%	vs NGEX
Hindustan Zinc Limited HINDZINC	₹575.95	₹624.91	+9%	vs NGEX
Boliden AB BOL	kr 515.20	kr 464.45	−10%	vs NGEX
BHP Group BHP	A$60.39	A$47.47	−21%	vs NGEX
Zhejiang Huayou Cobalt Co 603799	¥32.69	¥25.57	−22%	vs NGEX
Korea Zinc Company 010130	967,000 KRW	649,125 KRW	−33%	vs NGEX
CMOC Group 603993	¥13.71	¥6.82	−50%	vs NGEX
China Tungsten And Hightech Materials Co 000657	¥40.90	¥4.44	−89%	vs NGEX

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NGEx Minerals Ltd.: fair value per Fair Value Calculator

<a href="https://www.fairvalue-calculator.com/stock/NGEX?utm_source=embed&amp;utm_medium=badge" target="_blank" rel="nofollow noopener"><img src="https://www.fairvalue-calculator.com/embed/NGEX.TO.svg" width="360" height="84" alt="NGEx Minerals Ltd.: fair value per Fair Value Calculator" style="border:0;max-width:100%" loading="lazy"></a>

Cite: Fair Value Calculator (2026). "NGEx Minerals Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/NGEX

Frequently asked questions

Is NGEx Minerals Ltd. (NGEX) overvalued or undervalued?

As of Nov 11, 2026, our estimate of fair value is C$13.33 versus a price of C$22.29, about 40% lower (overvalued).

What is the fair value of NGEX?

Our estimate for NGEx Minerals Ltd. is C$13.33 (as of Nov 11, 2026), built from audited fundamentals. The current price: C$22.29.

What is the quality score of NGEX?

NGEx Minerals Ltd. has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.

What is the price target for NGEx Minerals Ltd. (NGEX)?

Our calculated price target is the estimate of C$13.33 (as of Nov 11, 2026). Cautious scenario C$10.00, optimistic scenario C$16.67. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.

What is the NGEx Minerals Ltd. stock forecast for 2026?

Our estimate puts fair value at C$13.33, about 40% lower versus a price of C$22.29 (overvalued). Cautious scenario C$10.00, optimistic scenario C$16.67. The calculation is refreshed regularly with new filings.

What is the intrinsic value of NGEx Minerals Ltd. (NGEX)?

Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NGEx Minerals Ltd. it is C$13.33 per share (as of Nov 11, 2026), against a price of C$22.29.

Is NGEx Minerals Ltd. stock overvalued or undervalued in 2026?

As of Nov 11, 2026, NGEX trades above its calculated fair value: price C$22.29, fair value C$13.33, a gap of about −40% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.

Is fair value the same as the market price of NGEX?

No. The price is what the market pays today (C$22.29); the fair value is what the company's own numbers justify (C$13.33). For NGEx Minerals Ltd. the two are C$8.96 per share apart. That gap is exactly why we show both numbers side by side.

How much is NGEx Minerals Ltd. worth?

The market values NGEx Minerals Ltd. at about C$4.8B (market capitalisation, as of Nov 11, 2026). Per share that is C$22.29; our models calculate a fair value of C$13.33 per share.

What do the bullish and bearish scenarios say about NGEX?

Our models span a range for NGEx Minerals Ltd.: cautious scenario C$10.00, base C$13.33, optimistic C$16.67 per share (as of Nov 11, 2026, price C$22.29). The range comes from different growth and margin assumptions, not from analyst opinions.

What is the P/E ratio of NGEX?

NGEx Minerals Ltd. trades at a price-to-earnings ratio of 139.3 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$13.33 is built from several models across several years. Other multiples: P/B 7.8.

How solid is the balance sheet of NGEx Minerals Ltd. (NGEX)?

Balance-sheet figures for NGEx Minerals Ltd. (as of Nov 11, 2026): return on equity −42.7%, debt of 0.01 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.

How far is NGEX from its 52-week high?

NGEx Minerals Ltd. trades at C$22.29, about 30% below its 52-week high of C$31.84 and 10% above the low of C$20.26 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of C$13.33 is for.

Which stocks are comparable to NGEx Minerals Ltd.?

From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.

Is NGEx Minerals Ltd. stock attractive at the current price?

The data as of Nov 11, 2026: price C$22.29, calculated fair value C$13.33 (−40%), Quality Score 43/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.

Is it still worth investing in stocks now?

The global stock market currently sits 15.1% above its aggregate fair value. NGEx Minerals Ltd. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.

What is the share price of NGEx Minerals Ltd. (NGEX)?

The closing price on Nov 10, 2026 was C$22.29. Our estimate is C$13.33, about 40% lower (overvalued). We carry closing prices from our data provider, not a live tick.

What should I pay attention to with NGEx Minerals Ltd. right now?

The price sits above even our optimistic bull case (C$16.67). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of NGEx Minerals Ltd.

How large is the market capitalisation of NGEx Minerals Ltd. (NGEX)?

The market capitalisation of NGEx Minerals Ltd. is C$4.8B (≈ $3.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.

What are the earnings per share of NGEx Minerals Ltd. (NGEX)?

Earnings per share at NGEx Minerals Ltd. are C$0.1600 (price ÷ EPS = P/E 139.3). Earnings per share over the last twelve months: total profit spread across every single share.

What is the return on equity of NGEx Minerals Ltd. (NGEX)?

The return on equity (ROE) of NGEx Minerals Ltd. is −42.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.

What is the EBIT return on assets of NGEx Minerals Ltd. (NGEX)?

On an EBIT basis the return on assets of NGEx Minerals Ltd. is 41.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.

How much free cash flow does NGEx Minerals Ltd. (NGEX) generate?

The free cash flow of NGEx Minerals Ltd. is −C$93.5M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.

How much net cash does NGEx Minerals Ltd. (NGEX) hold?

NGEx Minerals Ltd. holds more cash than debt, C$189M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.

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