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Bunker Hill Mining
(TSX:BNKR)
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Rating:41Neutral
Price Target:
C$2.50
▼(-50.30% Downside)
Action:Reiterated
Date:10/08/26
The score is primarily held down by very weak financial performance (no revenue, sustained and worsening losses, persistent cash burn, and negative equity with rising debt). Technicals add further downside pressure as the stock is in a pronounced downtrend with bearish momentum indicators. Valuation provides little offset because the P/E is not meaningful and no dividend yield is available.
Positive Factors
Core Mine Redevelopment
Progress on rehabilitating the Bunker Hill Mine provides a defined pathway toward potential commercial operations rather than an entirely early-stage exploration concept. Advancing an existing historic asset could support future production capacity if redevelopment milestones are achieved.
Negative Factors
No Commercial Revenue
Persistent zero revenue shows that the company has not yet reached commercial production, leaving it without operating income to fund development or corporate costs. This makes future progress dependent on completing the mine redevelopment and securing sufficient financing until operations begin.
Read all positive and negative factors
Positive Factors
Negative Factors
Core Mine Redevelopment
Progress on rehabilitating the Bunker Hill Mine provides a defined pathway toward potential commercial operations rather than an entirely early-stage exploration concept. Advancing an existing historic asset could support future production capacity if redevelopment milestones are achieved.
Read all positive factors
Bunker Hill Mining (BNKR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$135.01M
Dividend YieldN/A
Average Volume (3M)58.34K
Price to Earnings (P/E)―
Beta (1Y)1.75
Revenue GrowthN/A
EPS Growth-166.50%
CountryCA
Employees40
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding47,207,590
10 Day Avg. Volume54,457
30 Day Avg. Volume58,336
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)>-0.01
Price to Sales (P/S)0.00
P/FCF Ratio>-0.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$13.00Price Target Upside158.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bunker Hill Mining Business Overview & Revenue Model
Company Description
Bunker Hill Mining Corp. is an exploration-stage company focused on the exploration, acquisition, and development of mining and mineral properties. The company aims to develop the Bunker Hill Mine as part of a portfolio of North American precious-...
Bunker Hill Mining Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
14
Very Negative
Cash Flow
12
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -85.21M | -18.40M | -3.53M | 5.79M | -6.00M |
| Net Income | -93.13M | -25.34M | -13.43M | 898.59K | -6.40M |
Balance Sheet | |||||
| Total Assets | 150.96M | 97.60M | 61.99M | 32.93M | 4.07M |
| Cash, Cash Equivalents and Short-Term Investments | 19.44M | 3.79M | 20.10M | 708.11K | 555.00K |
| Total Debt | 111.05M | 117.67M | 70.27M | 36.07M | 2.56M |
| Total Liabilities | 207.03M | 149.74M | 88.36M | 59.11M | 38.31M |
| Stockholders Equity | -56.07M | -52.14M | -26.37M | -26.18M | -34.24M |
Cash Flow | |||||
| Free Cash Flow | -58.80M | -51.06M | -23.73M | -33.33M | -11.47M |
| Operating Cash Flow | -17.66M | -10.42M | -12.33M | -22.50M | -11.37M |
| Investing Cash Flow | -41.14M | -40.64M | -11.40M | -11.17M | -94.69K |
| Financing Cash Flow | 72.96M | 32.74M | 43.12M | 40.37M | 8.38M |
Bunker Hill Mining Technical Analysis
Negative
5.03
Price Trends
3.97
Negative
4.43
Negative
5.51
Negative
Market Momentum
-0.31
Negative
29.57
Positive
27.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BNKR, the sentiment is Negative. The current price of 5.03 is above the 20-day moving average (MA) of 3.18, above the 50-day MA of 3.97, and below the 200-day MA of 5.51, indicating a bearish trend. The MACD of -0.31 indicates Negative momentum. The RSI at 29.57 is Positive, neither overbought nor oversold. The STOCH value of 27.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BNKR.
Bunker Hill Mining Risk Analysis
Bunker Hill Mining disclosed 40 risk factors in its most recent earnings report. Bunker Hill Mining reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 2 New Risks
1.
Ability to restructure or refinance the Silver Loan Q2, 2026
Bunker Hill Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | C$76.90M | 14.11 | 8.50% | ― | 106.11% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | C$109.44M | -41.33 | -3.63% | ― | ― | 24.24% | |
45 Neutral | C$227.70M | -4.05 | -59.58% | ― | 59.54% | -45.48% | |
42 Neutral | C$107.11M | -10.03 | -21.83% | ― | ― | 67.17% | |
41 Neutral | C$135.01M | ― | ― | ― | ― | -166.50% | |
41 Neutral | C$304.62M | -10.94 | -42.64% | ― | ― | -42.53% |
* Basic Materials Sector Average
TSE:BNKR
Bunker Hill Mining
2.86
-3.79
-56.99%
TSE:EXN
Excellon Resources
0.24
-0.02
-8.30%
TSE:SVRS
Silver Storm Mining
0.35
0.09
37.25%
TSE:GSVR
Guanajuato Silver Company
0.30
-0.04
-13.04%
TSE:SVE
Silver One Resources
0.31
-0.04
-11.43%
TSE:IPT
IMPACT Silver
0.22
-0.05
-16.98%
Bunker Hill Mining Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Bunker Hill to Merge with Silver47, Building a U.S. Silver and Critical Minerals Player
Positive
Aug 21, 2026
Bunker Hill Mining and Silver47 Exploration have agreed to merge in an all-share transaction that will see Bunker Hill acquire all Silver47 shares, with Silver47 investors receiving 0.1724 Bunker Hill shares for each share held and owning about 43...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.