AbraSilver Resource (ABRA) AI Stock Analysis

• Market Cap: $498.83M
• Dividend Yield: N/A
• Average Volume (3M): 208.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.88
• Revenue Growth: N/A
• EPS Growth: 32.23%
• Country: CA
• Employees: 36
• Sector: Basic Materials
• Sector Strength: 59
• Industry: Other Precious Metals
• EPS (TTM): -0.13
• Shares Outstanding: 152,548,360
• 10 Day Avg. Volume: 197,079
• 30 Day Avg. Volume: 208,136
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -18.60
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$4.97
• Price Target Upside: 56.65% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

AbraSilver Resource's overall stock score is moderate, reflecting its profile as a high-risk, high-reward exploration-stage mining company. The company's financial performance is weak due to lack of revenue and negative cash flows. However, the technical indicators are strong, showing positive market momentum. Corporate events with positive strategic developments and financing initiatives support future potential, balancing the current financial weaknesses. Valuation remains a concern due to the absence of profitability.

AbraSilver Resource Business Overview & Revenue Model

Company Description

AbraSilver Resource Corp. operates as a precious metals exploration company in Argentina, Chile, and Canada. It primarily explores for copper, gold, and silver ores. It holds 100% interests in the Diablillos property that covers an area of approximately 79 square kilometers located in the Salta province of northwestern Argentina; and the Aguas Perdidas property covering an area of 6,300 ha in Chubut Province, Argentina. It also has an option agreement to acquire a 100% interest in the La Coipita project that covers an area of 70,000 hectares in San Juan province, Argentina. The company was formerly known as AbraPlata Resource Corp. and changed its name to AbraSilver Resource Corp. in March 2021. AbraSilver Resource Corp. was incorporated in 1993 and is headquartered in Toronto, Canada.

How the Company Makes Money

AbraSilver Resource Corp generates revenue through the exploration and subsequent development of its mineral properties. The company aims to enhance the value of its projects by advancing them through the exploration and feasibility stages, eventually leading to the potential sale or joint venture of these properties with larger mining companies. Revenue streams primarily come from the sale of gold and silver extracted from its developed properties, although the company may also derive income from strategic partnerships, joint ventures, or outright sales of its mining assets. AbraSilver's financial performance is influenced by market demand for precious metals, exploration success, and effective management of operational costs.

AbraSilver Resource Financial Statement Overview

Summary

AbraSilver Resource's financial statements reflect the typical profile of an exploration-stage mining company. The absence of revenue and significant operational losses weigh heavily on the income statement. The balance sheet is strong with no debt and substantial equity, providing financial stability. However, the cash flow statement highlights ongoing reliance on external financing and challenges in achieving positive cash flows.

Income Statement

AbraSilver Resource has consistently reported zero revenue, reflecting its pre-revenue stage typical in mining exploration. The company exhibits high negative EBIT and net income, indicating significant operational costs without revenue offset. Gross profit margin is negative due to expenses surpassing any revenue. This pattern of losses and lack of revenue negatively impacts the overall income statement performance.

Balance Sheet

The balance sheet shows a strong equity base with no debt obligations, resulting in a favorable debt-to-equity ratio of 0. The company maintains a high equity ratio, indicating reliance on equity financing. However, the lack of income affects return on equity, which remains negative. The company's significant cash reserves contribute positively to its financial stability.

Cash Flow

The cash flow statement reflects negative operating cash flow and free cash flow, typical for a mining exploration company in its developmental phase. The company relies heavily on financing activities to support its operations. There is no growth in free cash flow, indicating ongoing challenges in generating positive cash flows from operations.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-1.37M	-11.37K	-1.59M	-28.96K	-25.86K	-2.87K
	EBIT
-18.17M	-29.51M	-30.84M	-18.15M	-7.30M	-1.49M
	EBITDA
-14.47M	-17.79M	-30.55M	-18.11M	-5.66M	-1.54M
	Net Income Common Stockholders
-15.59M	-18.79M	-20.90M	-18.84M	-5.69M	-1.54M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
85.00	4.80M	15.82M	19.02M	17.09M	1.81M
	Total Assets
3.51K	29.67M	39.13M	34.66M	34.19M	12.61M
	Total Debt
22.19K	0.00	12.53K	20.08K	53.71K	33.97K
	Net Debt
22.11K	-2.80M	-13.81M	-19.00M	-17.03M	-1.78M
	Total Liabilities
37.97K	8.21M	7.53M	582.80K	584.14K	1.28M
	Stockholders Equity
-34.46K	21.46M	31.60M	34.08M	33.61M	11.33M
Cash Flow		Free Cash Flow
-18.82M	-29.70M	-26.24M	-15.30M	-12.56M	-2.14M
	Operating Cash Flow
-17.28M	-27.65M	-25.72M	-14.95M	-5.75M	-1.46M
	Investing Cash Flow
6.85M	9.06M	7.63M	4.45M	-6.81M	886.17K
	Financing Cash Flow
20.03M	7.80M	13.10M	12.37M	27.83M	2.22M

AbraSilver Resource Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.17
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ABRA, the sentiment is Neutral. The current price of 3.17 is below the 20-day moving average (MA) of 3.37, above the 50-day MA of 3.13, and above the 200-day MA of 2.71, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 45.27 is Neutral, neither overbought nor oversold. The STOCH value of 34.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ABRA.

AbraSilver Resource Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ABRA	61 Neutral	$498.83M	―	-56.94%	―	―	32.23%
MUX	51 Neutral	$415.30M	3.61	-8.76%	―	4.96%	-182.95%
Sector *	47 Neutral	$2.65B	-3.07	-22.25%	3.27%	3.70%	-29.53%

AbraSilver Resource Corporate Events

AbraSilver Expands Equity Financing to Bolster Exploration Efforts

AbraSilver Resource Corp. has announced an increase in its previously declared bought deal equity financing, with underwriters agreeing to purchase 10,231,000 common shares at $2.55 each, generating gross proceeds of $26,089,050. The offering, subject to regulatory approvals, reflects the company’s strategic positioning and potential for growth, as stakeholders like Kinross Gold Corporation and Proener SAU may increase their participation, further supporting AbraSilver’s exploration endeavors.

AbraSilver Secures $48.4 Million in Financing to Advance Diablillos Project

AbraSilver Resource Corp. has announced a significant financing initiative, totaling $48.4 million, which includes a $21.8 million ‘bought deal’ public offering and a $26.6 million concurrent private placement. This financing is set to enhance the company’s financial flexibility, allowing it to accelerate the development of its Diablillos project and further unlock its potential. The strong backing from institutional investors and strategic partners like Central Puerto and Kinross Gold Corporation highlights confidence in AbraSilver’s vision and long-term prospects.

AbraSilver Unveils Promising Drill Results at Diablillos Project

AbraSilver Resource Corp. announced promising results from its initial reconnaissance drilling at the Diablillos porphyry complex in Argentina, revealing significant gold mineralization, particularly at the Cerro Viejo target. The results indicate a high-grade gold epithermal overprint on a porphyry system, with potential for shallow, high-grade gold resources, enhancing the company’s exploration prospects and positioning within the mining sector.

AbraSilver Files Updated Pre-Feasibility Study for Diablillos Project

AbraSilver Resource Corp. has filed an updated pre-feasibility study for its Diablillos project in Argentina, detailing no significant changes from previous disclosures. This development reaffirms the project’s potential and could strengthen AbraSilver’s position in the mining sector by enhancing investor confidence and supporting further exploration endeavors.

AbraSilver’s Strategic Partnership with Teck Resources

AbraSilver Resource Corp has announced the completion of a US$1 million private placement with Teck Resources Limited as part of a joint venture agreement for the La Coipita copper-gold project in Argentina. This strategic investment underscores the project’s potential and strengthens AbraSilver’s partnership with Teck, who aims to acquire an 80% interest by funding exploration and making cash payments. The share placement was priced at a 25% premium, highlighting strong investor confidence.

AbraSilver Expands Silver Mineralization at Diablillos

AbraSilver Resource Corp. has reported promising results from its Phase IV drill program at the Diablillos project in Argentina, with significant silver mineralization discovered in the JAC Zone. The step-out drilling has expanded the mineralized area, highlighting potential growth opportunities for investors.

AbraSilver Unveils Promising Diablillos PFS Results

AbraSilver Resource Corp has unveiled an updated Pre-Feasibility Study for its Diablillos silver-gold project, highlighting an impressive after-tax NPV of $747 million and a 27.6% IRR. The project promises substantial annual silver and gold production over 14 years, with low all-in sustaining costs and opportunities for further economic enhancements. Initial capital expenditures are projected at $544 million, with several strategic improvements identified to boost returns and reduce costs.

AbraSilver Reveals High-Grade Drill Results at Diablillos

AbraSilver Resource Corp. has reported promising drill results from its Diablillos project in Argentina, highlighting high-grade silver and gold mineralization. The ongoing Phase IV drill program has revealed significant intercepts, indicating potential for future resource growth and economic benefits.

AbraSilver Reports Advances in Diablillos and La Coipita Projects

AbraSilver Resource Corp. is making significant strides with its Diablillos project in Argentina, with an updated pre-feasibility study set to enhance project economics by reducing taxes and improving mine planning. Additionally, exploration at the La Coipita project, in collaboration with Teck Resources, shows promising developments with substantial drilling and surveying completed.