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Blackrock Silver
(TSX:BRC)
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Rating:44Neutral
Price Target:
C$0.79
▼(-39.07% Downside)
Action:Reiterated
Date:09/30/26
The score is held down primarily by very weak operating performance (no revenue, sizable losses) and ongoing cash burn, partially offset by an extremely low-debt balance sheet. Technical indicators also point to a broader downtrend, and valuation is constrained by negative earnings and no dividend support.
Positive Factors
Low Leverage
Extremely low debt limits interest obligations and refinancing exposure, preserving financial flexibility while the company advances its projects. This gives management more room to allocate capital toward exploration and technical work without servicing a material debt burden.
Negative Factors
No Operating Revenue
With no production revenue, the company has not yet demonstrated a self-funding operating model. Its ability to sustain exploration therefore depends on external capital or future project transactions, leaving financial progress tied to development success and financing access.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Extremely low debt limits interest obligations and refinancing exposure, preserving financial flexibility while the company advances its projects. This gives management more room to allocate capital toward exploration and technical work without servicing a material debt burden.
Read all positive factors
Blackrock Silver (BRC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$309.34M
Dividend YieldN/A
Average Volume (3M)881.13K
Price to Earnings (P/E)―
Beta (1Y)3.13
Revenue GrowthN/A
EPS Growth26.29%
CountryCA
Employees2
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.06
Shares Outstanding381,903,900
10 Day Avg. Volume461,065
30 Day Avg. Volume881,129
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)12.89
Price to Sales (P/S)0.00
P/FCF Ratio-9.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$2.10Price Target Upside62.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.03
Revenue Forecast (FY)N/A
Blackrock Silver Business Overview & Revenue Model
Company Description
Blackrock Silver Corp. focuses its operations in the United States, where it is dedicated to the acquisition, exploration, and development of mineral properties, with a principal objective of discovering gold and silver deposits. Its most signific...
How the Company Makes Money
Blackrock Silver is an exploration-stage company and, based on publicly available high-level information, it does not have disclosed recurring operating revenue from mineral production. As a result, its cash inflows are typically funded through ca...
Blackrock Silver Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -106.56K | -80.18K | -64.35K | -46.99K | -37.05K | -22.84K |
| EBITDA | -22.43M | -20.90M | -11.71M | -5.93M | -17.46M | -28.09M |
| Net Income | -22.33M | -21.08M | -11.76M | -6.00M | -17.51M | -28.02M |
Balance Sheet | ||||||
| Total Assets | 29.09M | 16.26M | 17.25M | 6.60M | 8.45M | 11.44M |
| Cash, Cash Equivalents and Short-Term Investments | 19.90M | 7.69M | 9.40M | 656.18K | 3.65M | 8.54M |
| Total Debt | 21.43K | 57.05K | 69.95K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.69M | 926.35K | 1.48M | 384.00K | 1.03M | 1.50M |
| Stockholders Equity | 27.40M | 15.33M | 15.77M | 6.22M | 7.42M | 9.94M |
Cash Flow | ||||||
| Free Cash Flow | -20.61M | -21.08M | -10.26M | -7.61M | -18.91M | -25.73M |
| Operating Cash Flow | -20.49M | -20.96M | -10.21M | -6.45M | -17.47M | -24.65M |
| Investing Cash Flow | -680.25K | -746.73K | -1.79M | -1.05M | -1.44M | -1.07M |
| Financing Cash Flow | 34.08M | 20.06M | 20.92M | 4.49M | 14.27M | 27.45M |
Blackrock Silver Technical Analysis
Negative
1.29
Price Trends
1.07
Negative
1.03
Negative
1.24
Negative
Market Momentum
-0.08
Positive
37.83
Neutral
35.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BRC, the sentiment is Negative. The current price of 1.29 is above the 20-day moving average (MA) of 0.88, above the 50-day MA of 1.07, and above the 200-day MA of 1.24, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 37.83 is Neutral, neither overbought nor oversold. The STOCH value of 35.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BRC.
Blackrock Silver Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | C$341.59M | 21.93 | 12.84% | ― | 90.57% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | C$241.82M | 9.59 | 33.47% | ― | 47.74% | ― | |
50 Neutral | C$493.97M | -65.22 | -3.50% | ― | ― | 4.13% | |
45 Neutral | C$235.66M | -97.86 | -5.27% | ― | ― | -36.50% | |
44 Neutral | C$309.34M | -15.02 | -85.35% | ― | ― | 26.29% | |
44 Neutral | C$165.90M | -13.12 | -22.57% | ― | ― | -61.83% |
* General Sector Average
TSE:BRC
Blackrock Silver
0.81
0.18
28.57%
TSE:SLVR
Silver Tiger Metals
0.75
0.09
13.64%
TSE:ORV
Orvana Minerals
1.77
0.38
27.34%
TSE:SSV
Southern Silver Exploration
0.40
0.03
6.76%
TSE:CAPT
Capitan Silver
1.83
0.26
16.56%
TSE:SM
Sierra Madre Gold & Silver Ltd.
1.32
0.04
3.13%
Blackrock Silver Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Blackrock Silver Advances Tonopah West Permitting With NewFields Engineering Mandate
Positive
Oct 26, 2026
Blackrock Silver’s Nevada subsidiary has hired NewFields Mining Design Technical Services to deliver civil and engineering designs needed to complete permitting for an exploration decline, test mining and a 50,000-tonne bulk sample at its T...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Blackrock Silver Graduates to TSX and Bolsters Finances Ahead of Tonopah West Push
Positive
Oct 13, 2026
Blackrock Silver Corp. will graduate from the TSX Venture Exchange to the Toronto Stock Exchange, with its common shares set to begin trading on the senior market on October 15, 2026 under the unchanged ticker BRC. The company’s listings on ...
Business Operations and StrategyExecutive/Board Changes
Blackrock Silver Strengthens Board With Appointment of Mining Finance Veteran Christine West
Positive
Sep 24, 2026
Blackrock Silver Corp. has appointed veteran mining finance executive Christine West as an independent director, strengthening its board as it moves the Tonopah West silver project toward development. West’s 30 years of international mining ...
Business Operations and Strategy
Blackrock Silver Extends High-Grade Mineralization at Tonopah West in Nevada
Positive
Sep 23, 2026
Blackrock Silver reported initial results from its fully funded Eastern Expansion and northwest step-out drilling programs at the Tonopah West project in Nevada, where over 18,100 metres have been drilled in recent campaigns. The company’s w...
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.