Bayhorse Silver (BHS) AI Stock Analysis

• Market Cap: C$12.27M
• Dividend Yield: N/A
• Average Volume (3M): 334.43K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.42
• Revenue Growth: N/A
• EPS Growth: -79.49%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 306,634,280
• 10 Day Avg. Volume: 140,324
• 30 Day Avg. Volume: 334,425
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• 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

Bayhorse Silver's stock score is heavily impacted by its poor financial performance, with persistent losses, high leverage, and negative cash flow. Despite some positive developments in drilling and mineralization, the technical indicators suggest a bearish trend, and the negative P/E ratio poses valuation concerns. The recent corporate events offer some optimism, but the overall financial instability and limited growth prospects dominate the score.

Bayhorse Silver Business Overview & Revenue Model

Company Description

Bayhorse Silver Inc., a junior natural resource company, engages in the acquisition, exploration, and development of natural resource properties. It explores for silver, gold, zinc, copper, antimony, lead, and other metals. The company holds a 100% interest in the Bayhorse Silver Mine Property located in Baker County, Oregon. It also holds an option agreement to acquire an 80% interest in the Brandywine project located in British Colombia. The company was formerly known as Kent Exploration Inc. and changed its name to Bayhorse Silver Inc. in December 2013. Bayhorse Silver Inc. was incorporated in 2004 and is headquartered in Burnaby, Canada.

How the Company Makes Money

Bayhorse Silver Inc. generates revenue through the exploration and extraction of silver from its mining operations. The company makes money by extracting silver ore and processing it to produce silver concentrate, which is then sold to refineries and other buyers in the metals market. Key revenue streams include the sale of silver concentrate and any by-products derived from the mining process. Additionally, the company may enter into strategic partnerships or joint ventures with other mining entities to optimize its operations and enhance its revenue potential. Significant factors contributing to its earnings include market demand for silver, operational efficiency in mining and processing, and the company's ability to manage production costs effectively.

Bayhorse Silver Financial Statement Overview

Summary

Bayhorse Silver is facing severe financial difficulties, characterized by persistent losses, high leverage, and poor cash flow management. The absence of revenue and negative equity suggests a need for strategic restructuring to improve financial health and ensure sustainability.

Income Statement

Bayhorse Silver shows consistent losses with no revenue generation, resulting in negative margins across the board. The company has struggled to improve its profitability over the years as evident from the negative EBIT and net income. This poses a significant challenge in terms of financial stability and growth prospects.

Balance Sheet

The balance sheet indicates financial instability with negative stockholders' equity, implying a high degree of leverage. The company's liabilities exceed its assets, which could pose solvency risks. The negative equity ratio further emphasizes the financial risks involved.

Cash Flow

Cash flow statements reveal consistent negative free cash flow, indicating operational inefficiencies and potential liquidity issues. Despite obtaining financing, the company's operating cash flow remains negative, highlighting challenges in generating cash from its core operations.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-273.34K	-278.94K	-2.76M	-1.70M	-709.43K
	EBIT
-1.71M	-2.97M	-6.18M	-3.15M	-1.72M
	EBITDA
-968.74K	-2.19M	-3.96M	-2.16M	-1.11M
	Net Income Common Stockholders
-2.03M	-3.02M	-5.85M	-3.10M	-1.90M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
482.57K	310.44K	432.06K	26.37K	68.65K
	Total Assets
2.52M	2.52M	3.06M	1.96M	2.14M
	Total Debt
443.07K	453.72K	836.75K	2.40M	2.78M
	Net Debt
-39.49K	143.28K	404.69K	2.37M	2.71M
	Total Liabilities
2.02M	1.26M	1.46M	3.77M	3.86M
	Stockholders Equity
495.13K	1.26M	1.60M	-1.82M	-1.72M
Cash Flow		Free Cash Flow
-633.21K	-1.99M	-4.51M	-2.40M	-1.47M
	Operating Cash Flow
-633.21K	-1.92M	-3.83M	-2.11M	-1.37M
	Investing Cash Flow
6.81K	-71.20K	-690.67K	-293.21K	-97.32K
	Financing Cash Flow
798.52K	1.87M	4.93M	2.36M	1.50M

Bayhorse Silver Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BHS, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.32 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BHS.

Bayhorse Silver Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	49 Neutral	$1.94B	-1.23	-21.28%	3.73%	1.19%	-29.73%
MN	42 Neutral	C$10.82M	―	-75.82%	―	―	48.31%
BEX	40 Underperform	C$12.34M	―	-38.92%	―	―	-1080.77%
ELEF	39 Underperform	C$8.71M	―	-42.82%	―	―	-701.60%
SHL	35 Underperform	C$10.03M	―	-40.83%	―	-100.00%	-174.68%
BHS	34 Underperform	C$12.27M	―	-9999.00%	―	―	-79.49%

Bayhorse Silver Corporate Events

Bayhorse Silver Launches $750,000 Private Placement for Drilling and Exploration

Bayhorse Silver Inc. has announced a 15 million unit non-brokered private placement to raise $750,000, subject to TSX Venture Exchange approval. The funds will support a diamond drilling program at the Bayhorse Silver Mine and an IP survey at the Pegasus Project to explore silver mineralization and potential porphyry copper deposits. This initiative aims to advance the Bayhorse Mine’s permitting process and cover general expenses, with securities subject to a hold period and finders’ fees applicable under certain conditions.

Spark’s Take on TSE:BHS Stock

According to Spark, TipRanks’ AI Analyst, TSE:BHS is a Underperform.

Bayhorse Silver’s overall stock score is significantly impacted by its poor financial performance, characterized by consistent losses and high leverage. The technical indicators suggest a potential bearish trend, and the negative P/E ratio reflects valuation concerns. These factors highlight the company’s financial instability and limited growth prospects.

To see Spark’s full report on TSE:BHS stock, click here.

Bayhorse Silver Initiates Drilling at New IP Target in Oregon

Bayhorse Silver Inc. has commenced drilling at a newly identified IP target near the historic Sunshine stope at the Bayhorse Silver Mine in Oregon. This initiative aims to explore high-grade silver zones, potentially expanding the company’s resource base and enhancing its market position. The exploration model suggests the presence of significant silver-copper-zinc-antimony mineralization, with potential implications for future discoveries at the Pegasus Project in Idaho.

Spark’s Take on TSE:BHS Stock

According to Spark, TipRanks’ AI Analyst, TSE:BHS is a Underperform.

Bayhorse Silver’s overall stock score is significantly impacted by its poor financial performance, characterized by consistent losses and high leverage. The technical indicators suggest a potential bearish trend, and the negative P/E ratio reflects valuation concerns. These factors highlight the company’s financial instability and limited growth prospects.

To see Spark’s full report on TSE:BHS stock, click here.

Bayhorse Silver Expands Mineralized Zone with New Survey Results

Bayhorse Silver Inc. has received final IP survey results for the eastern side of the Bayhorse Silver Mine, revealing five low-resistance targets and extending the potential mineralized zone to over 600 meters. The survey has identified the first IP drill target, which is set to be drilled soon, potentially uncovering significant volumes of high-grade silver and other critical minerals. This development could enhance Bayhorse’s operational capabilities and strengthen its position in the mining industry, suggesting the possibility of discovering additional mineralized pods underground.

Bayhorse Silver Reports Promising Assay Results Indicating Expanded Mineralization

Bayhorse Silver Inc. has reported promising assay results from its drill hole BH24-01 at the Bayhorse Silver Mine, indicating continuous copper and zinc mineralization and intermittent gold and silver values. These findings confirm the epithermal nature of the deposit and suggest potential expansion of the mineralized zone, aligning with the company’s focus on increasing American mineral production. The identification of new low-resistance drill targets and a significant chargeability zone further enhances the prospects for future exploration and development, potentially impacting the company’s operations and positioning in the mining sector.

Bayhorse Silver Extends Share Purchase Warrants

Bayhorse Silver Inc. has announced the extension of 11,497,000 share purchase warrants, with an exercise price of $0.15 per share, from March 28, 2025, to March 28, 2027, pending approval from the TSX Venture Exchange. This extension reflects the company’s strategic financial planning and could impact its market operations by potentially increasing investor confidence and providing more time for stakeholders to exercise their warrants.

Bayhorse Silver Extends Breccia Zone with Promising Assay Results

Bayhorse Silver Inc has extended the Bayhorse Breccia Zone from 90 meters to 318 meters, revealing anomalous copper and zinc assay results in the first 115 meters. Preliminary IP results indicate promising targets that suggest the presence of massive sulfides or copper porphyry, potentially enhancing the company’s mineral resource base and positioning in the mining industry.