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Starcore International Mine (SAM) AI Stock Analysis

TSE:SAM

Starcore International Mine

(TSX:SAM)

Select Model
Rating:67Neutral
Price Target:CAD 0.27â–²(0.37% Upside)
Action:reiterated
Date:10/15/26

The overall score of 67 reflects a strong conflict between excellent fundamentals and very weak market sentiment. The company's financial performance is a major strength, highlighted by a dramatic profitability turnaround, a debt-free balance sheet, and surging free cash flow. The extremely low P/E ratio further suggests deep value. However, these positives are significantly offset by a bearish technical analysis, with the stock in a clear downtrend and showing deeply oversold momentum. The final score is a weighted blend, with the highest weight given to the strong financial performance, but tempered by the poor technicals and supported by the attractive valuation.

Positive Factors
Very Low LeverageExtremely low leverage gives Starcore substantial financial flexibility and resilience through operating or commodity downturns. The stronger recent return on equity indicates that its capital base is being used more effectively, supporting reinvestment capacity and long-term financial stability.
Negative Factors
Cyclical Earnings VolatilityThe wide swing in earnings across recent periods shows that profitability is not yet consistently established. Sensitivity to operating and commodity conditions can make cash generation, returns, and reinvestment planning less predictable, limiting the durability of the latest earnings improvement.

Starcore International Mine (SAM) vs. iShares MSCI Canada ETF (EWC)

-50%0%50%100%150%200%250%TSE:SAM-43.18%EWC+23.59%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 24.11M
Dividend Yield
―
Average Volume (3M)
150.14K
Price to Earnings (P/E)
2.5
Beta (1Y)
3.28
Revenue Growth
44.62%
EPS Growth
791.07%
Country
Canada
Employees
222
Sector
Basic Materials
Sector Strength
61
Industry
Industrial Materials

Starcore International Mine Business Overview & Revenue Model

Company Description

Starcore International Mines Ltd. operates as a mineral resource firm, involved in the exploration, extraction, and processing of mineral assets within Mexico. Its subsidiary, Compañia Minera Peña de Bernal, S.A. de C.V., focuses specifically on disc...

Starcore International Mine Financial Statement Overview

Summary

The company has executed a dramatic financial turnaround. TTM net income is robust, revenue growth has surged, and the net profit margin has expanded to over 16% due to strong operating leverage. The balance sheet is a fortress with negligible debt and a recovering ROE over 15%. Cash flow is now a key strength, with operating cash flow comfortably exceeding net income and free cash flow growing over 4.6x. The primary risk is historical volatility, but the current trajectory is decisively positive.

Income Statement

72Positive

Balance Sheet

85Very Positive

Cash Flow

78Positive
Financial statement breakdown
BreakdownTTMApr 2026Apr 2025Apr 2024Apr 2023Apr 2022
Income Statement
Total Revenue46.16M44.30M32.16M28.33M22.91M25.68M
Gross Profit9.36M8.31M9.63M5.19M-1.50M5.31M
EBITDA8.45M7.97M3.37M1.31M-637.00K5.57M
Net Income9.54M7.41M215.00K1.63M-5.26M2.40M
Balance Sheet
Total Assets73.46M68.74M56.00M51.97M50.91M52.04M
Cash, Cash Equivalents and Short-Term Investments8.53M12.65M3.50M5.66M7.08M9.31M
Total Debt486.00K596.00K733.00K758.00K384.00K898.00K
Total Liabilities17.52M17.37M15.13M11.37M12.13M11.99M
Stockholders Equity55.94M51.37M40.87M40.60M38.78M40.05M
Cash Flow
Free Cash Flow6.03M6.17M-1.90M-854.00K-3.83M3.08M
Operating Cash Flow11.57M10.72M2.35M1.89M-2.32M5.83M
Investing Cash Flow-10.60M-6.80M-4.25M-2.19M-1.47M-1.02M
Financing Cash Flow6.71M5.84M-243.00K-390.00K553.00K-611.00K

Starcore International Mine Technical Analysis

Technical Analysis SentimentNegative
Last Price0.27

Price Trends

50DMA0.41Negative
100DMA0.45Negative
200DMA0.66Negative

Market Momentum

MACD-0.04Positive
RSI18.07Positive
STOCH14.04Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SAM, the sentiment is Negative. The current price of 0.27 is below the 20-day moving average (MA) of 0.33, below the 50-day MA of 0.41, and below the 200-day MA of 0.66, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 18.07 is Positive, neither overbought nor oversold. The STOCH value of 14.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SAM.

Starcore International Mine Risk Analysis

Starcore International Mine disclosed 33 risk factors in its most recent earnings report. Starcore International Mine reported the most risks in the "Finance & Corporate" category.

Higher RiskSector Avg.Lower RiskFinance & CorporateTech & InnovationLegal & RegulatoryProductionAbility to SellMacro & Political
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

0 New Risks

Starcore International Mine Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

TSE:SAM against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TSE:SAMTSE:SAM67NeutralCAD 24.11M2.5018.91%―44.62%791.07%
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
TSE:AZMTSE:AZM46NeutralCAD 44.34M4.9215.43%―――
TSE:NKGTSE:NKG46NeutralCAD 66.24M-5.85-41.00%――47.21%
TSE:CRITSE:CRI42NeutralCAD 6.41M-0.80-154.39%――-28.35%

* Basic Materials Sector Average

Performance Comparison

0%100%200%TSE:SAMTSE:AZMTSE:NKGTSE:CRIDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:SAM and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:SAMStarcore International Mine0.25-0.21-45.65%
TSE:AZMAzimut Exploration0.44-0.26-37.14%
TSE:NKGNevada King Gold Corp0.66-0.02-2.22%
TSE:CRIChurchill Resources Inc0.02-0.14-87.50%

Starcore International Mine Corporate Events

Business Operations and StrategyExecutive/Board ChangesShareholder Meetings

Starcore Shareholders Back Board, Governance Moves at Annual Meeting

Positive
Oct 23, 2026

Starcore International Mines Ltd. reported the results of its annual general meeting held on October 23, 2026, where approximately 19.28% of eligible shareholders were represented and all management-nominated directors were elected with strong majori...

Business Operations and StrategyFinancial Disclosures

Starcore lifts quarterly output at San Martin and launches new exploration phase

Positive
Aug 17, 2026

Starcore International Mines reported improved first fiscal quarter 2027 production at its San Martin Mine in Mexico, driven by the initial exploitation preparations of the recently discovered Manto ore deposit and a redesigned process for carbonaceo...

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.

Date of analysis: Oct 15, 2026