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Guanajuato Silver Company
(GSVR)
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Rating:46Neutral
Price Target:
C$0.49
▼(-2.00% Downside)
Action:Reiterated
Date:08/28/26
The score is held back primarily by weak financial quality: despite strong revenue growth and improved gross margins, the company remains loss-making and free cash flow is materially negative, implying ongoing external funding needs. Technicals are mixed but lean bearish with the stock below key longer-term moving averages, while valuation is difficult to assess due to a negative P/E and no dividend support.
Positive Factors
Strong Revenue Growth
Sustained revenue growth indicates expanding production scale, stronger market reach, or improved sales execution. A larger revenue base can improve operating leverage and provide a foundation for future profitability if cost control and cash conversion improve.
Negative Factors
Persistent Net Losses
Despite higher revenue and improved gross margins, the company remains materially unprofitable. Negative EBITDA indicates that operating gains are not yet covering the broader cost base, leaving profitability dependent on further scale, cost reductions, or improved production economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained revenue growth indicates expanding production scale, stronger market reach, or improved sales execution. A larger revenue base can improve operating leverage and provide a foundation for future profitability if cost control and cash conversion improve.
Read all positive factors
Guanajuato Silver Company (GSVR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$356.74M
Dividend YieldN/A
Average Volume (3M)2.13M
Price to Earnings (P/E)―
Beta (1Y)3.67
Revenue Growth59.54%
EPS Growth-45.48%
CountryCA
Employees1,436
SectorGeneral
Sector StrengthN/A
IndustrySilver
Share Statistics
EPS (TTM)-0.05
Shares Outstanding759,011,300
10 Day Avg. Volume3,313,914
30 Day Avg. Volume2,130,667
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)12.58
Price to Sales (P/S)4.34
P/FCF Ratio-113.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$0.70Price Target Upside40.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.07
Revenue Forecast (FY)C$236.20M
Guanajuato Silver Company Business Overview & Revenue Model
Company Description
Guanajuato Silver Company Ltd., a precious metals producer, engages in reactivating past producing mines in Mexico. It produces silver, gold, zinc, and lead deposits. The company was formerly known as Vangold Mining Corp. and changed its name to G...
How the Company Makes Money
Guanajuato Silver Company makes money primarily by producing and selling precious metals—mainly silver and gold—derived from ore mined from its Mexican operations. Revenue is generated when mined material is processed at company-controlled facilit...
Guanajuato Silver Company Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
62
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 122.71M | 78.78M | 75.59M | 66.01M | 36.88M | 4.12M |
| Gross Profit | 23.95M | 10.81M | 2.47M | -11.77M | -6.88M | -2.23M |
| EBITDA | -5.97M | -24.23M | 1.13M | -12.15M | -10.22M | -7.11M |
| Net Income | -27.48M | -37.39M | -17.39M | -31.87M | -26.77M | -10.51M |
Balance Sheet | ||||||
| Total Assets | 170.58M | 104.63M | 71.14M | 75.02M | 85.65M | 40.25M |
| Cash, Cash Equivalents and Short-Term Investments | 19.87M | 42.72M | 2.94M | 1.95M | 8.83M | 6.46M |
| Total Debt | 7.59M | 20.11M | 15.55M | 17.37M | 20.43M | 6.87M |
| Total Liabilities | 101.05M | 77.48M | 58.30M | 64.25M | 53.14M | 16.09M |
| Stockholders Equity | 69.53M | 27.15M | 12.84M | 10.77M | 32.51M | 24.15M |
Cash Flow | ||||||
| Free Cash Flow | -9.13M | -3.00M | -6.15M | -11.34M | -18.67M | -12.03M |
| Operating Cash Flow | 3.92M | 552.00K | -2.38M | -6.13M | -15.06M | -7.00M |
| Investing Cash Flow | -51.00M | -6.06M | -5.25M | -5.70M | -11.85M | -10.95M |
| Financing Cash Flow | 61.01M | 43.98M | 12.92M | 4.91M | 27.13M | 21.27M |
Guanajuato Silver Company Technical Analysis
Negative
0.50
Price Trends
0.49
Negative
0.54
Negative
0.60
Negative
Market Momentum
>-0.01
Positive
43.69
Neutral
12.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GSVR, the sentiment is Negative. The current price of 0.5 is below the 20-day moving average (MA) of 0.53, above the 50-day MA of 0.49, and below the 200-day MA of 0.60, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.69 is Neutral, neither overbought nor oversold. The STOCH value of 12.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GSVR.
Guanajuato Silver Company Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | C$14.28B | 29.68 | 12.27% | 0.22% | 96.21% | ― | |
72 Outperform | C$29.45B | 15.51 | 19.51% | 1.33% | 37.01% | 127.34% | |
64 Neutral | C$108.35M | 19.02 | 8.50% | ― | 106.11% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | C$196.15M | -17.97 | -20.58% | ― | ― | 67.17% | |
48 Neutral | C$167.69M | -63.33 | -3.63% | ― | ― | 24.24% | |
46 Neutral | C$356.74M | -6.41 | -59.58% | ― | 59.54% | -45.48% |
* General Sector Average
TSE:GSVR
Guanajuato Silver Company
0.45
0.05
13.92%
TSE:AG
First Majestic Silver
28.62
15.97
126.26%
TSE:PAAS
Pan American Silver
70.42
21.91
45.17%
TSE:EXN
Excellon Resources
0.45
0.16
55.17%
TSE:SVE
Silver One Resources
0.47
0.04
10.59%
TSE:IPT
IMPACT Silver
0.30
-0.02
-4.76%
Guanajuato Silver Company Corporate Events
Business Operations and StrategyFinancial Disclosures
Guanajuato Silver Posts Second Straight Profitable Quarter and Accelerates Debt Reduction
Positive
Aug 26, 2026
Guanajuato Silver reported its second consecutive quarter of positive net income, posting Q2 2026 revenue of $42.5 million and net income of $557,000, with $6.3 million earned in the first half of the year. Silver output rose 2% to 347,481 ounces ...
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.