Bayhorse Silver Inc (TSE:BHS)
:BHS
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Bayhorse Silver
(BHS)
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Rating:41Neutral
Price Target:
C$0.05
▼(-20.00% Downside)
Action:ReiteratedDate:05/01/26
The score is weighed down primarily by weak financial performance (pre-revenue status, ongoing losses, higher cash burn, and negative equity), with technicals also bearish (price below key moving averages and negative MACD). Valuation provides limited support due to loss-making results and no dividend data.
Positive Factors
Low absolute debt burden
A low absolute debt level (~$0.39M in 2025) reduces conventional leverage pressures for an exploration company. This durable advantage lowers near-term default risk and gives management flexibility to pursue project work or equity financing without heavy interest obligations constraining cash flow.
Negative Factors
Pre-revenue status
Being pre-revenue is a material structural constraint: the company lacks internal revenue to fund operations or validate the business model. Over the next several months the firm will remain dependent on external capital to fund exploration, raising dilution and execution risk until commercial production or recurring revenue is established.
Read all positive and negative factors
Positive Factors
Negative Factors
Low absolute debt burden
A low absolute debt level (~$0.39M in 2025) reduces conventional leverage pressures for an exploration company. This durable advantage lowers near-term default risk and gives management flexibility to pursue project work or equity financing without heavy interest obligations constraining cash flow.
Read all positive factors
Bayhorse Silver (BHS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$19.74M
Dividend YieldN/A
Average Volume (3M)799.38K
Price to Earnings (P/E)―
Beta (1Y)0.76
Revenue GrowthN/A
EPS Growth-13.57%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding358,890,900
10 Day Avg. Volume984,165
30 Day Avg. Volume799,379
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)-136.48
Price to Sales (P/S)0.00
P/FCF Ratio-22.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$0.21Price Target Upside250.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bayhorse Silver Business Overview & Revenue Model
Company Description
Bayhorse Silver Inc., a junior natural resource company, engages in the acquisition, exploration, and development of natural resource properties. It explores for silver, gold, zinc, copper, antimony, lead, and other metals. The company holds a 100...
How the Company Makes Money
null...
Bayhorse Silver Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
28
Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -274.67K | -273.00K | -279.00K | -281.00K |
| EBITDA | -1.96M | -2.50M | -969.00K | -2.49M | -3.96M |
| Net Income | -5.39M | -3.99M | -2.02M | -3.02M | -5.85M |
Balance Sheet | |||||
| Total Assets | 2.10M | 2.56M | 2.52M | 2.52M | 3.06M |
| Cash, Cash Equivalents and Short-Term Investments | 431.80K | 568.13K | 482.57K | 310.44K | 432.06K |
| Total Debt | 390.62K | 438.87K | 443.07K | 453.72K | 836.75K |
| Total Liabilities | 2.45M | 3.03M | 2.02M | 1.26M | 1.46M |
| Stockholders Equity | -353.22K | -469.32K | 495.13K | 1.26M | 1.60M |
Cash Flow | |||||
| Free Cash Flow | -2.13M | -1.27M | -633.21K | -1.99M | -4.51M |
| Operating Cash Flow | -2.11M | -1.25M | -633.21K | -1.92M | -3.83M |
| Investing Cash Flow | 12.76K | 18.48K | 6.81K | -71.20K | -690.67K |
| Financing Cash Flow | 1.96M | 1.32M | 798.52K | 1.87M | 4.93M |
Bayhorse Silver Technical Analysis
Negative
0.06
Price Trends
0.09
Negative
0.10
Negative
0.08
Negative
Market Momentum
>-0.01
Positive
27.07
Positive
-20.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BHS, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.09, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 27.07 is Positive, neither overbought nor oversold. The STOCH value of -20.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BHS.
Bayhorse Silver 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% | |
48 Neutral | C$46.24M | -0.56 | -46.22% | ― | -4.98% | 44.05% | |
46 Neutral | C$53.19M | -2.64 | -120.55% | ― | ― | 49.92% | |
41 Neutral | C$19.74M | -3.55 | 510.34% | ― | ― | -13.57% | |
41 Neutral | C$65.00M | -6.18 | ― | ― | ― | -9.28% | |
40 Underperform | C$30.62M | -9.68 | 83.46% | ― | ― | 19.39% |
* General Sector Average
TSE:BHS
Bayhorse Silver
0.06
0.02
37.50%
TSE:AAN
Aton Resources
0.51
0.34
200.00%
TSE:BKI
Black Iron
0.10
-0.02
-16.67%
TSE:ATY
Atico Mining
0.26
0.16
165.63%
TSE:DLP
DLP Resources
0.24
-0.16
-40.00%
TSE:LFLR
LaFleur Minerals
0.60
0.44
275.00%
Bayhorse Silver Corporate Events
Business Operations and Strategy
Bayhorse Silver Signs European IR Deal and Grants 400,000 Stock Options
Positive
Apr 13, 2026
Bayhorse Silver has signed a six-month marketing and investor relations agreement with Germany-based M M Consult UG to boost its visibility among German-speaking investors through online and mining-focused media channels in Europe. The engagement...
Business Operations and Strategy
Bayhorse Silver Takes 25-Ton Bulk Sample to Advance Bayhorse Mine Restart Plans
Positive
Apr 7, 2026
Bayhorse Silver has extracted a 25-ton run-of-mine metallurgical bulk sample from two high-grade working faces at its Bayhorse Silver Mine, including the Big Dog and Goldilocks zones that have previously returned silver grades exceeding 1,600 g/t....
Business Operations and Strategy
Bayhorse Silver Expands Underground Drilling to Test New Targets at Flagship Mine
Positive
Apr 7, 2026
Bayhorse Silver has expanded its underground diamond drilling campaign at the Bayhorse Silver Mine to as many as 20 holes, with a first-phase program of at least 2,300 meters aimed at both the existing inferred resource area and newly refined conc...
Business Operations and Strategy
Bayhorse Silver Expands Underground Drilling to Test Resource Growth at Oregon Mine
Positive
Mar 12, 2026
Bayhorse Silver has mobilized a newly purchased underground-capable diamond drill rig to its Bayhorse Silver Mine in Oregon to execute a minimum 2,000-meter program of up to 10 drill holes. The company is targeting multiple induced polarization an...
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.