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Salazar Resources
(SRL)
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Rating:48Neutral
Price Target:
C$0.30
â–Ľ(-32.50% Downside)
Action:Reiterated
Date:09/15/26
The score is primarily held back by weak financial performance—no revenue base, ongoing net losses, and continued cash burn—implying reliance on external funding. Technicals are mixed but somewhat supportive versus longer-term moving averages, while valuation is penalized by negative earnings (negative P/E) and no provided dividend yield.
Positive Factors
Solid equity base and modest leverage
The sizable equity base and low debt burden provide financial resilience while the company develops its business. This structure limits balance-sheet pressure and preserves some flexibility to fund operations, although current returns remain negative and capital is not yet generating profits.
Negative Factors
No reported revenue base
The absence of reported revenue means the company has not yet demonstrated commercial scale or recurring customer demand. This limits internal funding capacity, makes future performance dependent on business development, and leaves the company without an established operating revenue stream.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid equity base and modest leverage
The sizable equity base and low debt burden provide financial resilience while the company develops its business. This structure limits balance-sheet pressure and preserves some flexibility to fund operations, although current returns remain negative and capital is not yet generating profits.
Read all positive factors
Salazar Resources (SRL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$79.53M
Dividend YieldN/A
Average Volume (3M)61.06K
Price to Earnings (P/E)―
Beta (1Y)1.49
Revenue GrowthN/A
EPS Growth67.00%
CountryCA
Employees225
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding265,083,600
10 Day Avg. Volume73,791
30 Day Avg. Volume61,064
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)2.27
Price to Sales (P/S)0.00
P/FCF Ratio-32.94
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
Salazar Resources Business Overview & Revenue Model
Company Description
Salazar Resources Limited functions as a junior company dedicated to mineral exploration, primarily involved in identifying, acquiring, and developing mineral properties throughout Latin America. The firm specializes in prospecting for various val...
How the Company Makes Money
null...
Salazar Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -76.37K | -83.19K | -103.11K | -179.07K | -211.71K | -150.82K |
| EBITDA | -2.55M | -2.33M | -4.39M | -2.90M | -3.29M | 2.92M |
| Net Income | -1.75M | -2.13M | -4.64M | -5.68M | -3.90M | 2.73M |
Balance Sheet | ||||||
| Total Assets | 25.63M | 25.42M | 22.38M | 23.83M | 29.27M | 29.18M |
| Cash, Cash Equivalents and Short-Term Investments | 518.69K | 1.99M | 636.65K | 609.30K | 2.17M | 3.72M |
| Total Debt | 1.73M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.10M | 2.08M | 270.42K | 459.26K | 619.62K | 401.92K |
| Stockholders Equity | 23.53M | 23.34M | 22.11M | 23.37M | 28.66M | 28.78M |
Cash Flow | ||||||
| Free Cash Flow | -989.00K | -1.61M | -2.11M | -1.69M | -2.27M | -5.05M |
| Operating Cash Flow | -983.85K | -1.54M | -1.34M | -495.47K | 225.95K | -1.56M |
| Investing Cash Flow | -1.07M | -331.93K | -764.40K | -1.36M | -4.50M | -3.18M |
| Financing Cash Flow | 1.82M | 3.14M | 2.19M | 408.52K | 2.62M | 6.74M |
Salazar Resources Technical Analysis
Negative
0.44
Price Trends
0.37
Negative
0.32
Negative
0.27
Positive
Market Momentum
-0.02
Positive
39.93
Neutral
33.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SRL, the sentiment is Negative. The current price of 0.44 is above the 20-day moving average (MA) of 0.34, above the 50-day MA of 0.37, and above the 200-day MA of 0.27, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 39.93 is Neutral, neither overbought nor oversold. The STOCH value of 33.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SRL.
Salazar Resources 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% | |
50 Neutral | C$49.59M | -27.61 | -2.57% | ― | ― | 6.94% | |
50 Neutral | C$27.44M | -40.42 | -1.60% | ― | ― | 63.10% | |
48 Neutral | C$79.53M | -44.78 | -7.59% | ― | ― | 67.00% | |
42 Neutral | C$38.44M | 62.16 | 10.18% | ― | ― | ― | |
41 Neutral | C$57.35M | -8.22 | -49.66% | ― | ― | 11.90% | |
40 Underperform | C$44.57M | -3.22 | 55.96% | ― | ― | -11.41% |
* General Sector Average
TSE:SRL
Salazar Resources
0.30
0.15
93.55%
TSE:AAN
Aton Resources
0.33
0.08
32.00%
TSE:GMA
Geomega Resources
0.23
-0.08
-25.81%
TSE:RTG
RTG Mining
0.03
0.00
0.00%
TSE:TK
Tinka Resources
0.37
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TSE:CNRI
Canadian North Resources, Inc.
0.24
-0.35
-59.32%
Salazar Resources Corporate Events
Business Operations and Strategy
Salazar Resources Advances Ecuador Projects Amid Weather Delays and IR Push
Neutral
Oct 27, 2026
Construction at the Curipamba-El Domo project in Ecuador, where Salazar Resources holds a 25% carried interest, has been hampered by unusually heavy El Niño-induced rainfall, forcing repeated repairs and slowing pre-stripping, but key milesto...
Business Operations and StrategyPrivate Placements and Financing
Salazar Resources Launches Funded Drilling Program at Tarqui and Monja in Ecuador
Positive
Oct 19, 2026
Salazar Resources has outlined a two-phase exploration program in Ecuador funded by a recently closed $3.5 million private placement, underscoring its intention to accelerate drilling on key gold-silver and copper-gold targets. The plan focuses on...
Business Operations and StrategyPrivate Placements and Financing
Salazar Resources Raises $3.5 Million in Private Placement to Fund Ecuador Projects
Positive
Oct 8, 2026
Salazar Resources has closed a non-brokered private placement, issuing 10,000,000 units at $0.35 each to raise gross proceeds of $3.5 million. Each unit comprises one common share and half a warrant, with full warrants exercisable at $0.60 for two...
Business Operations and StrategyPrivate Placements and Financing
Salazar Resources Launches $3.5 Million Private Placement to Fund Ecuador Exploration
Positive
Sep 17, 2026
Salazar Resources Limited has arranged a non-brokered private placement of up to 10 million units at $0.35 per unit, targeting gross proceeds of up to $3.5 million. Each unit comprises one common share and one-half of a warrant, with each whole wa...
Business Operations and Strategy
Salazar Uncovers High-Grade Tungsten-Silver Zone at Ecuador’s Pijilà Project
Positive
Aug 26, 2026
Salazar Resources has identified a previously unrecognized high-grade tungsten-silver interval within historical drill hole MERC-011 at its 100%-owned Pijilí Project in central Ecuador. The reassessed two-metre section in the Mercy concession...
Business Operations and StrategyRegulatory Filings and Compliance
Salazar Files NI 43-101 Report Backing Updated Reserves at El Domo
Positive
Aug 13, 2026
Salazar Resources has filed an independent NI 43-101 Technical Report for the Curipamba–El Domo polymetallic project in Ecuador, prepared by SRK Consulting for project operator Silvercorp Metals Inc. The report, effective December 31, 2025 a...
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.