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Search Minerals
(SMY)
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Rating:43Neutral
Price Target:
C$0.26
▼(-1.54% Downside)
Action:Reiterated
Date:08/01/26
The score is primarily held back by weak financial performance (pre-revenue, ongoing losses, and sustained negative free cash flow suggesting continued funding needs). Technicals also detract as the stock trades below all major moving averages, signaling a downtrend. Valuation is only mildly supportive because a negative P/E is not meaningful for loss-making companies and there is no dividend yield data to provide downside support.
Positive Factors
Manageable Leverage
Low leverage provides greater financial flexibility than a highly debt-funded development model. It may help Search Minerals continue project work and pursue financing without immediate heavy interest or repayment pressure.
Negative Factors
Pre-Revenue Business
With no commercial revenue base, Search Minerals has not demonstrated product-market traction or internally funded operations. Future value depends on successful project advancement and eventual production, leaving limited near-term earnings visibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Low leverage provides greater financial flexibility than a highly debt-funded development model. It may help Search Minerals continue project work and pursue financing without immediate heavy interest or repayment pressure.
Read all positive factors
Search Minerals (SMY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$10.35M
Dividend YieldN/A
Average Volume (3M)15.84K
Price to Earnings (P/E)―
Beta (1Y)0.69
Revenue GrowthN/A
EPS Growth27.33%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding44,981,216
10 Day Avg. Volume18,049
30 Day Avg. Volume15,839
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.86
Price to Sales (P/S)0.00
P/FCF Ratio-10.77
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)N/A
Revenue Forecast (FY)N/A
Search Minerals Business Overview & Revenue Model
Company Description
Search Minerals Inc. specializes in identifying, appraising, and investigating mineral resource properties throughout Canada. The company's exploration activities primarily target rare earth elements. Its leading venture is the Foxtrot project, wh...
How the Company Makes Money
Search Minerals is a pre-revenue/early-stage resource company; specific, recurring operating revenue streams from commercial production are not available (null). The company’s economic model, if its projects advance to production, would generally ...
Search Minerals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
56
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Feb 2026 | Feb 2025 | Nov 2023 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -72.69K | -88.79K | -121.38K | -210.83K | -166.00K | -60.63K |
| EBITDA | -437.21K | -825.11K | -399.00K | -1.29M | -1.41M | -1.97M |
| Net Income | -976.66K | -1.39M | -643.00K | -1.54M | -1.57M | -2.08M |
Balance Sheet | ||||||
| Total Assets | 31.85M | 32.33M | 30.37M | 29.47M | 29.29M | 21.65M |
| Cash, Cash Equivalents and Short-Term Investments | 245.73K | 1.43M | 456.30K | 7.29K | 457.54K | 1.62M |
| Total Debt | 3.53M | 4.16M | 1.57M | 386.18K | 80.00K | 80.00K |
| Total Liabilities | 7.12M | 7.85M | 5.21M | 3.80M | 2.35M | 802.98K |
| Stockholders Equity | 24.73M | 24.48M | 25.16M | 25.67M | 26.94M | 20.84M |
Cash Flow | ||||||
| Free Cash Flow | -1.88M | -1.94M | -657.04K | 212.29K | -2.11M | -5.38M |
| Operating Cash Flow | -666.23K | -489.12K | -436.56K | 221.58K | -1.75M | -1.84M |
| Investing Cash Flow | -1.42M | -1.65M | -389.42K | -1.11M | -7.03M | -3.54M |
| Financing Cash Flow | 1.57M | 3.12M | 1.27M | 435.06K | 7.62M | 6.90M |
Search Minerals Technical Analysis
Negative
0.26
Price Trends
0.24
Negative
0.27
Negative
0.33
Negative
Market Momentum
<0.01
Positive
45.77
Neutral
13.89
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SMY, the sentiment is Negative. The current price of 0.26 is above the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.24, and below the 200-day MA of 0.33, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.77 is Neutral, neither overbought nor oversold. The STOCH value of 13.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SMY.
Search Minerals Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | C$15.67M | -0.59 | -66.28% | ― | ― | -10.86% | |
47 Neutral | C$15.12M | -5.08 | -321.65% | ― | ― | -206.25% | |
45 Neutral | C$13.29M | -4.07 | -306.36% | ― | ― | -442.00% | |
43 Neutral | C$10.35M | -9.65 | -3.98% | ― | ― | 27.33% |
* General Sector Average
TSE:SMY
Search Minerals
0.23
0.00
0.00%
TSE:LIT
Argentina Lithium & Energy
0.09
0.00
0.00%
TSE:MTS
Metallis Resources
0.15
-0.23
-60.00%
TSE:WLF
Wolfden Resources
0.07
-0.08
-54.84%
Search Minerals Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Search Minerals Advances Financing to Fund Labrador Rare Earth Exploration
Positive
Aug 26, 2026
Search Minerals Inc. has closed the second tranche of its non-brokered private placement, raising C$200,015.90 through a combination of units and critical mineral flow-through units priced at C$0.235 and C$0.27 respectively. The proceeds will supp...
Business Operations and StrategyPrivate Placements and Financing
Search Minerals Upsizes Financing After Strong Demand for Rare Earth Projects
Positive
Aug 7, 2026
Search Minerals Inc. has closed the initial tranche of its non-brokered private placement, raising C$615,000 through a mix of units and critical mineral flow-through units, with strong investor demand fully subscribing the unit component. The proc...
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.