District Metals Corp (DMX) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of District Metals Corp C$0.04, price C$0.42, upside -89.9%, quality 25 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range C$0.0500 – C$1.53 · fair‑value band C$0.0255 – C$0.0510 · the C$0.4200 price screens above the C$0.0425 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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District Metals Corp., a junior mineral exploration stage company, acquires, explores, and evaluates mineral resource properties. It explores for lead, zinc, silver, copper, molybdenum, cobalt, yttrium, and other rare earth elements. The company was formerly known as MK2 Ventures Ltd. and changed its name to District Metals Corp. in July 2019.
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District Metals Corp., a junior mineral exploration stage company, acquires, explores, and evaluates mineral resource properties. It explores for lead, zinc, silver, copper, molybdenum, cobalt, yttrium, and other rare earth elements. The company was formerly known as MK2 Ventures Ltd. and changed its name to District Metals Corp. in July 2019. District Metals Corp. was incorporated in 1989 and is based in Vancouver, Canada.
Stock analysis
District Metals Corp (DMX) currently trades at C$0.4200, while our model-based Fair Value estimate is C$0.0425, implying the stock looks roughly 888.1% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: C$0.0255 (bear) to C$0.0510 (bull), the price of C$0.4200 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 25/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
District Metals Corp reported revenue of C$0 in FY2025 versus C$0 in FY2021. Reported net income was −C$3.5M in FY2025.
Key figures
Market cap C$113M (≈ $79.8M) · EPS (TTM) C$−0.0300 · Return on equity −21.3% · Return on assets (EBIT) −19.8% · Free cash flow −C$3.8M · Net cash C$2.5M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 75% below its 52-week high and 17% 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 −90%, DMX screens richer than that median.
Fair Value models
Bear C$0.0255Fair Value C$0.0425Bull C$0.0510
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.20/100
Revenue is growing, but margins or cash flow do not fully confirm the 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
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 · 459 stocks
Beats the industry median on 0/6 measures
Overall it trails its industry peers.
Valuation
Quality Score33 · Below median
Fair Value upside−90% · Bottom 25%
Profitability
Return on assets−14% · Bottom 25%
Operating margin (TTM)0% · Below median
Growth and dividend
Revenue growth0% · Below median
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
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Is District Metals Corp (DMX) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of C$0.0425 versus a price of C$0.4200, about −90% upside (overvalued).
What is the fair value of DMX?
Our model-based fair value for District Metals Corp is C$0.0425 (as of Sep 24, 2026), built from audited fundamentals. The current price: C$0.4200.
What is the quality score of DMX?
District Metals Corp has a Quality Score of 25/100. 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 District Metals Corp (DMX)?
Our model-based price target is the fair value of C$0.0425 (as of Sep 24, 2026) from 1 valuation models. Cautious scenario C$0.0255, optimistic scenario C$0.0510. It is a calculation from audited fundamentals, not an analyst target.
What is the District Metals Corp stock forecast for 2026?
Our models put fair value at C$0.0425, about −90% upside versus a price of C$0.4200 (overvalued). Cautious scenario C$0.0255, optimistic scenario C$0.0510. The calculation is refreshed regularly with new filings.
What is the intrinsic value of District Metals Corp (DMX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For District Metals Corp it is C$0.0425 per share (as of Sep 24, 2026), against a price of C$0.4200. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is District Metals Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, DMX trades above its calculated fair value: price C$0.4200, fair value C$0.0425, a gap of about −90% (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 DMX?
No. The price is what the market pays today (C$0.4200); the fair value is what the company's own numbers justify (C$0.0425). For District Metals Corp the two are C$0.3775 per share apart. That gap is exactly why we show both numbers side by side.
How much is District Metals Corp worth?
The market values District Metals Corp at about C$113M (market capitalisation, as of Sep 24, 2026). Per share that is C$0.4200; our models calculate a fair value of C$0.0425 per share.
What do the bullish and bearish scenarios say about DMX?
Our models span a range for District Metals Corp: cautious scenario C$0.0255, base C$0.0425, optimistic C$0.0510 per share (as of Sep 24, 2026, price C$0.4200). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of District Metals Corp (DMX)?
Balance-sheet figures for District Metals Corp (as of Sep 24, 2026): return on equity −21.3%. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is DMX from its 52-week high?
District Metals Corp trades at C$0.4200, about 75% below its 52-week high of C$1.65 and 17% above the low of C$0.3600 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.0425 is for.
Which stocks are comparable to District Metals Corp?
From the same area (Basic Materials) we also value Vale S.A, Saudi Arabian Mining Company, CMOC Group, Fortescue Ltd, 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 District Metals Corp stock attractive at the current price?
The data as of Sep 24, 2026: price C$0.4200, calculated fair value C$0.0425 (−90%), Quality Score 25/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DMX calculated?
We run District Metals Corp through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of C$0.0425, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. District Metals Corp 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 District Metals Corp (DMX)?
The closing price on Sep 22, 2026 was C$0.4200. Our model-based fair value is C$0.0425, about −90% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with District Metals Corp right now?
The price sits above even our optimistic bull case (C$0.0510). The favourable scenario is already priced in. Weak quality (25/100) 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. A fairly wide model range (C$0.0255 to C$0.0510) leaves room in how you read the outcome.
Key figures of District Metals Corp
How large is the market capitalisation of District Metals Corp (DMX)?
The market capitalisation of District Metals Corp is C$113M (≈ $79.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of District Metals Corp (DMX)?
Earnings per share at District Metals Corp are C$−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of District Metals Corp (DMX)?
The return on equity (ROE) of District Metals Corp is −21.3% (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 District Metals Corp (DMX)?
On an EBIT basis the return on assets of District Metals Corp is −19.8% (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 District Metals Corp (DMX) generate?
The free cash flow of District Metals Corp is −C$3.8M (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 District Metals Corp (DMX) hold?
District Metals Corp holds more cash than debt, C$2.5M net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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