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Salazar Resources
(SRL)
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Rating:53Neutral
Price Target:
C$0.38
▼(-14.55% Downside)
Action:Reiterated
Date:08/29/26
Overall score is held back primarily by weak financial performance (no revenue base, continued losses, and negative free cash flow), despite a relatively strong balance sheet with low leverage. Technicals are a meaningful positive with a clear uptrend, though momentum looks somewhat stretched. Valuation remains a drawback because the company is loss-making (negative P/E) and lacks dividend support.
Positive Factors
Balance-sheet resilience
A sizable equity base relative to assets provides financial resilience for an exploration-stage company. This cushion can help support ongoing activities and reduce immediate solvency pressure, giving management more flexibility while it works toward developing an operating revenue base.
Negative Factors
No revenue base
Persistent zero revenue means the company has not yet demonstrated a recurring operating income stream. This leaves financial progress dependent on exploration outcomes and external funding rather than customer demand, making sustainable profitability difficult to establish over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet resilience
A sizable equity base relative to assets provides financial resilience for an exploration-stage company. This cushion can help support ongoing activities and reduce immediate solvency pressure, giving management more flexibility while it works toward developing an operating revenue base.
Read all positive factors
Salazar Resources (SRL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$98.08M
Dividend YieldN/A
Average Volume (3M)162.66K
Price to Earnings (P/E)―
Beta (1Y)1.46
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. Volume170,117
30 Day Avg. Volume162,661
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
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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 | -1.30M | -3.29M | 2.88M |
| 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
Neutral
0.44
Price Trends
0.31
Positive
0.27
Positive
0.24
Positive
Market Momentum
0.02
Positive
51.43
Neutral
18.52
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SRL, the sentiment is Neutral. The current price of 0.44 is above the 20-day moving average (MA) of 0.39, above the 50-day MA of 0.31, and above the 200-day MA of 0.24, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 51.43 is Neutral, neither overbought nor oversold. The STOCH value of 18.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
53 Neutral | C$98.08M | -55.22 | -7.59% | ― | ― | 67.00% | |
50 Neutral | C$62.20M | -34.70 | -2.57% | ― | ― | 6.94% | |
47 Neutral | C$76.47M | -10.33 | -33.74% | ― | ― | 11.90% | |
45 Neutral | C$41.78M | -96.15 | -7.53% | ― | 3425.98% | 81.88% | |
45 Neutral | C$19.43M | -26.98 | -1.66% | ― | ― | 63.10% | |
43 Neutral | C$63.73M | -4.88 | 55.96% | ― | ― | -11.41% |
* General Sector Average
TSE:SRL
Salazar Resources
0.37
0.21
124.24%
TSE:AAN
Aton Resources
0.50
0.25
100.00%
TSE:GMA
Geomega Resources
0.25
-0.03
-9.09%
TSE:RTG
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0.04
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TSE:TK
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TSE:CNRI
Canadian North Resources, Inc.
0.17
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-71.19%
Salazar Resources Corporate Events
Business Operations and Strategy
Salazar Uncovers High-Grade Tungsten-Silver Zone at Ecuador’s Pijilí 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.