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Heliostar Metals
(TSX:HSTR)
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Rating:72Outperform
Price Target:
C$3.00
▲(27.66% Upside)
Action:Upgraded
Date:08/24/26
The score is primarily driven by the sharp improvement in financial performance (new profitability and strong revenue growth supported by a low-debt balance sheet). Technicals are positive but appear overextended (high RSI/Stoch), and valuation is moderate with no dividend support. Corporate events add incremental upside due to record operating results, strong cash position, and pipeline expansion.
Positive Factors
Rapid operating scale-up
The sharp move into meaningful revenue and profitability shows that Heliostar has begun converting its operating assets into a scalable business. Strong gross and EBITDA margins provide room to fund mine development, exploration, and corporate needs while supporting earnings growth over coming periods.
Negative Factors
Highly volatile operating history
The recent profitability improvement has not yet established a long operating record. Earlier periods without revenue and with sizable losses indicate that results can change sharply as projects advance, leaving medium-term earnings and execution outcomes less predictable than established producers.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid operating scale-up
The sharp move into meaningful revenue and profitability shows that Heliostar has begun converting its operating assets into a scalable business. Strong gross and EBITDA margins provide room to fund mine development, exploration, and corporate needs while supporting earnings growth over coming periods.
Read all positive factors
Heliostar Metals (HSTR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$601.90M
Dividend YieldN/A
Average Volume (3M)683.88K
Price to Earnings (P/E)12.8
Beta (1Y)2.65
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees57
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.10
Shares Outstanding279,951,260
10 Day Avg. Volume627,324
30 Day Avg. Volume683,877
Financial Highlights & Ratios
PEG Ratio-1.76
Price to Book (P/B)7.96
Price to Sales (P/S)5.13
P/FCF Ratio52.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$5.25Price Target Upside123.40% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.14
Revenue Forecast (FY)C$233.16M
Heliostar Metals Business Overview & Revenue Model
Company Description
Heliostar Metals Ltd. is a a junior mining company, which engages in the acquisition, exploration, and development of mineral properties in North America. Its projects include Ana Paula, San Antonio, and Cerro del Gallo. The company was founded by...
How the Company Makes Money
Heliostar Metals makes money primarily through the sale of doré (gold and silver) produced from its mining operations, with revenue generally recognized based on delivered metal volumes and realized commodity prices (gold and silver). In addition ...
Heliostar Metals Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 124.57M | 25.68M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 43.83M | 13.05M | -186.69K | -28.84K | -52.80K |
| EBITDA | 33.67M | 22.32M | -17.77M | -3.60M | -11.40M |
| Net Income | 16.83M | 14.77M | -19.93M | -4.53M | -12.46M |
Balance Sheet | |||||
| Total Assets | 145.16M | 117.23M | 28.36M | 33.69M | 12.16M |
| Cash, Cash Equivalents and Short-Term Investments | 40.55M | 27.18M | 781.64K | 4.16M | 1.31M |
| Total Debt | 0.00 | 212.06K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 64.87M | 55.68M | 5.14M | 3.95M | 1.88M |
| Stockholders Equity | 80.30M | 61.54M | 23.22M | 29.74M | 10.28M |
Cash Flow | |||||
| Free Cash Flow | 12.17M | 5.26M | -14.91M | -5.73M | -10.47M |
| Operating Cash Flow | 16.22M | 5.85M | -14.80M | -5.61M | -10.12M |
| Investing Cash Flow | -7.95M | -1.27M | -85.75K | -14.17M | 1.06M |
| Financing Cash Flow | 4.87M | 22.01M | 11.51M | 22.73M | 9.00M |
Heliostar Metals Technical Analysis
Negative
2.35
Price Trends
2.32
Negative
2.07
Positive
2.28
Negative
Market Momentum
-0.02
Positive
42.33
Neutral
19.20
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HSTR, the sentiment is Negative. The current price of 2.35 is below the 20-day moving average (MA) of 2.36, above the 50-day MA of 2.32, and above the 200-day MA of 2.28, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.33 is Neutral, neither overbought nor oversold. The STOCH value of 19.20 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:HSTR.
Heliostar Metals Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$959.28M | 12.83 | 33.99% | ― | 79.46% | 102.76% | |
72 Outperform | C$601.90M | 12.75 | 26.76% | ― | ― | ― | |
61 Neutral | C$478.71M | 30.04 | 4.83% | 5.21% | 15.45% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | C$853.02M | -10.33 | -32.30% | ― | ― | -432.69% |
* General Sector Average
TSE:HSTR
Heliostar Metals
2.15
0.32
17.49%
TSE:FF
First Mining Gold
0.60
0.26
76.47%
TSE:MKO
Mako Mining Corp
10.95
3.44
45.81%
TSE:JAG
Jaguar Mining
5.61
-0.18
-3.11%
Heliostar Metals Corporate Events
Business Operations and Strategy
Heliostar Extends High-Grade Gold at Ana Paula Ahead of Feasibility Study
Positive
Oct 19, 2026
Heliostar Metals has reported new drill results from its Ana Paula project, highlighting strong intervals from the High Grade Panel with up to 52.4 metres grading 5.84 g/t gold and confirming the continuity of high-grade mineralization. These reso...
Business Operations and Strategy
Heliostar Advances Ana Paula Feasibility Study Toward 2027 Completion
Positive
Sep 21, 2026
Heliostar Metals reported that the feasibility study for its Ana Paula gold project is progressing on schedule, with completion targeted for the second quarter of 2027 and a construction decision planned for mid-2027. The company is aiming for fir...
Business Operations and StrategyRegulatory Filings and Compliance
Heliostar Restarts La Colorada Open-Pit Mining and Signs Cyanide Code
Positive
Aug 27, 2026
Heliostar Metals, a growing North American gold producer with operating mines in Mexico and a pipeline of projects in Mexico and the U.S., is pursuing an ambitious growth strategy targeting 500,000 ounces of annual production by the end of the dec...
Business Operations and Strategy
Heliostar Launches Antimony Drilling After High-Grade Goldstrike Samples
Positive
Aug 20, 2026
Heliostar Metals Ltd. is a mineral exploration company focused on advancing its 100% owned Goldstrike project in Utah, which hosts a 975,000-ounce indicated gold resource. The company is targeting both gold and critical minerals such as antimony w...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Heliostar Posts Record Q2 Output, Cash and Revenue as Growth Pipeline Expands
Positive
Aug 7, 2026
Heliostar Metals reported record second-quarter 2026 results, with gold production reaching 14,803 ounces and silver output at 79,710 ounces, driven by a 49% increase in gold production from the San Agustin mine. The company maintained relatively ...
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.