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Sierra Madre Gold & Silver Ltd.
(SM)
Select Model
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Rating:70Outperform
Price Target:
C$2.00
▲(22.70% Upside)
Action:Upgraded
Date:08/28/26
The score is driven primarily by the operational turnaround and strong balance sheet (profitable TTM margins and $0 debt), partially offset by significant negative free cash flow that raises financing/liquidity risk if sustained. Technicals are moderately supportive in the near term, while valuation (P/E ~28 with no dividend yield) is less compelling and caps the overall score.
Positive Factors
Improved Revenue and Profitability
The shift to meaningful revenue and strong margins indicates improved operating execution and commercial traction. If sustained, profitability can strengthen internal funding capacity and support continued advancement of the company’s mining assets.
Negative Factors
Deeply Negative Free Cash Flow
Large and recurring free-cash-flow deficits show that investment and working-capital needs materially exceed internally generated cash. If spending remains elevated, the company may need to draw down reserves or raise external capital to sustain development.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Revenue and Profitability
The shift to meaningful revenue and strong margins indicates improved operating execution and commercial traction. If sustained, profitability can strengthen internal funding capacity and support continued advancement of the company’s mining assets.
Read all positive factors
Sierra Madre Gold & Silver Ltd. (SM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$408.88M
Dividend YieldN/A
Average Volume (3M)226.01K
Price to Earnings (P/E)26.7
Beta (1Y)2.76
Revenue Growth90.57%
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.04
Shares Outstanding258,783,970
10 Day Avg. Volume227,846
30 Day Avg. Volume226,010
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)5.87
Price to Sales (P/S)11.30
P/FCF Ratio-127.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.18
Revenue Forecast (FY)C$66.96M
Sierra Madre Gold & Silver Ltd. Business Overview & Revenue Model
Company Description
Sierra Madre Gold and Silver Ltd. operates as a mineral exploration firm primarily focused on identifying, acquiring, and advancing potential resource sites. The company's holdings include the Tepic silver-gold property, an asset comprising five m...
Sierra Madre Gold & Silver Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.93M | 25.39M | 4.50M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 10.40M | 8.78M | 945.05K | -325.72K | -275.47K | -2.30K |
| EBITDA | 5.54M | 4.74M | -2.32M | -70.92M | -96.68K | -7.11M |
| Net Income | 8.01M | 8.28M | -3.88M | -53.02M | -2.56M | -7.11M |
Balance Sheet | ||||||
| Total Assets | 130.70M | 66.84M | 34.87M | 40.40M | 28.11M | 10.93M |
| Cash, Cash Equivalents and Short-Term Investments | 22.12M | 17.29M | 451.81K | 2.56M | 88.24K | 10.21M |
| Total Debt | 0.00 | 5.37M | 5.38M | 20.23K | 0.00 | 0.00 |
| Total Liabilities | 24.80M | 17.95M | 9.93M | 5.01M | 12.42M | 141.87K |
| Stockholders Equity | 105.90M | 48.89M | 24.94M | 35.39M | 15.68M | 10.79M |
Cash Flow | ||||||
| Free Cash Flow | -26.92M | -2.25M | -7.45M | -9.59M | -2.07M | -4.71M |
| Operating Cash Flow | 3.96M | 3.32M | -3.55M | -7.07M | -2.01M | -4.70M |
| Investing Cash Flow | -33.82M | -11.06M | -3.62M | -1.41M | -517.10K | -23.01K |
| Financing Cash Flow | 51.30M | 21.02M | 5.77M | 10.61M | 3.22M | -351.59K |
Sierra Madre Gold & Silver Ltd. Technical Analysis
Negative
1.63
Price Trends
1.47
Positive
1.66
Negative
1.78
Negative
Market Momentum
0.04
Positive
50.36
Neutral
32.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SM, the sentiment is Negative. The current price of 1.63 is above the 20-day moving average (MA) of 1.63, above the 50-day MA of 1.47, and below the 200-day MA of 1.78, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 50.36 is Neutral, neither overbought nor oversold. The STOCH value of 32.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SM.
Sierra Madre Gold & Silver Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | C$408.88M | 26.68 | 12.84% | ― | 90.57% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | C$603.32M | -93.91 | -3.50% | ― | ― | 4.13% | |
50 Neutral | C$461.61M | -22.78 | -83.56% | ― | ― | 27.81% | |
50 Neutral | C$262.34M | -21.50 | -21.86% | ― | ― | -58.38% | |
44 Neutral | C$272.46M | -23.29 | 82.09% | ― | 31.35% | 20.45% | |
39 Underperform | C$77.11M | -29.29 | -4.50% | ― | ― | 42.54% |
* General Sector Average
TSE:SM
Sierra Madre Gold & Silver Ltd.
1.58
0.51
47.66%
TSE:BRC
Blackrock Silver
1.23
0.55
80.88%
TSE:DEF
Defiance Silver
0.21
0.02
10.81%
TSE:PGDC
Patagonia Gold
0.58
0.50
625.00%
TSE:SLVR
Silver Tiger Metals
1.08
0.28
35.00%
TSE:SSV
Southern Silver Exploration
0.63
0.37
137.74%
Sierra Madre Gold & Silver Ltd. Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Sierra Madre Posts Solid Q2 Results and Accelerates Mexico Growth Strategy
Positive
Aug 27, 2026
Sierra Madre reported Q2 2026 net revenues of US$8.23 million and gross profit of US$1.58 million from its La Guitarra operation, driven by the sale of 123,483 silver equivalent ounces and higher realized prices for both silver and gold. The compa...
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.