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Sailfish Royalty ( (TSE:FISH) ) has issued an update.
Sailfish Royalty has closed the sale of its 100% interest in Mt. Hamilton LLC, owner of the Mt. Hamilton Gold-Silver Project in Nevada, to Mako US Corp. in exchange for a 132‑month gold stream. Under the deal, Sailfish will receive about 341.7 ounces of gold per month for the first 60 months at 20% of the LBMA PM Fix price, within a set floor and cap, followed by 100 ounces per month for the remaining 72 months.
The stream, deemed to be worth US$40 million, is secured against all present and future assets of Mako and further backed by guarantees and pledges over the Nevada property. The transaction, which reshapes Sailfish’s exposure from direct project ownership to long‑term gold deliveries, received shareholder approval from both Sailfish and Mako, reinforcing Sailfish’s strategy of building a diversified, cash‑flow‑oriented royalty and streaming portfolio.
The most recent analyst rating on (TSE:FISH) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on Sailfish Royalty stock, see the TSE:FISH Stock Forecast page.
Spark’s Take on FISH Stock
According to Spark, TipRanks’ AI Analyst, FISH is a Neutral.
The score is driven primarily by improved TTM profitability and a very strong, low-leverage balance sheet, partially offset by weak free cash flow and inconsistent cash conversion. Technicals are mildly supportive, while valuation is a notable drag due to the very high P/E despite a modest dividend yield.
To see Spark’s full report on FISH stock, click here.
More about Sailfish Royalty
Sailfish Royalty Corp. is a precious metals royalty and streaming company focused on gold and silver assets in the Americas. Its portfolio includes royalties and a gold stream on the San Albino gold mine in Nicaragua, an interest of up to 3% NSR on the fully permitted Spring Valley gold project in Nevada, and a 2% NSR on the Gavilanes Silver Project in Durango, Mexico.
Average Trading Volume: 69,874
Technical Sentiment Signal: Buy
Current Market Cap: C$257.7M
See more data about FISH stock on TipRanks’ Stock Analysis page.