Bayhorse Silver Inc (TSE:BHS)
:BHS
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Bayhorse Silver
(BHS)
Select Model
Select Model
Rating:42Neutral
Price Target:
C$0.09
▼(-33.85% Downside)
Action:ReiteratedDate:02/03/26
The score is primarily weighed down by weak financial performance (no revenue, continued losses, negative free cash flow, and negative equity indicating funding risk). Technical indicators also show a soft near-term trend (below short-term moving averages and negative MACD). Valuation signals are limited due to negative earnings and no stated dividend yield.
Positive Factors
Low Absolute Debt Burden
Relatively modest debt versus assets reduces fixed financing obligations and refinancing pressure. That durable lower leverage gives the company more financial flexibility to fund project development or weather financing cycles without immediate solvency stress.
Negative Factors
No Revenue Generation
The company currently has no top-line revenue, a fundamental constraint on sustainability. Absent durable revenue, operational viability depends entirely on future commercialization or resource monetization, increasing execution risk over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Absolute Debt Burden
Relatively modest debt versus assets reduces fixed financing obligations and refinancing pressure. That durable lower leverage gives the company more financial flexibility to fund project development or weather financing cycles without immediate solvency stress.
Read all positive factors
Bayhorse Silver (BHS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$30.51M
Dividend YieldN/A
Average Volume (3M)799.38K
Price to Earnings (P/E)―
Beta (1Y)0.84
Revenue GrowthN/A
EPS Growth42.57%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
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-0.08
Price to Book (P/B)-51.19
Price to Sales (P/S)0.00
P/FCF Ratio-18.87
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
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
Bayhorse Silver Inc. generates revenue through the exploration and extraction of silver from its mining operations. The company makes money by extracting silver ore and processing it to produce silver concentrate, which is then sold to refineries ...
Bayhorse Silver Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -275.59K | -274.67K | -273.00K | -279.00K | -281.00K | -1.70M |
| EBITDA | -2.17M | -2.50M | -969.00K | -2.49M | -3.96M | -2.16M |
| Net Income | -2.63M | -3.99M | -2.02M | -3.02M | -5.85M | -3.10M |
Balance Sheet | ||||||
| Total Assets | 2.41M | 2.56M | 2.52M | 2.52M | 3.06M | 1.96M |
| Cash, Cash Equivalents and Short-Term Investments | 568.73K | 568.13K | 482.57K | 310.44K | 432.06K | 26.37K |
| Total Debt | 396.75K | 438.87K | 443.07K | 453.72K | 836.75K | 2.40M |
| Total Liabilities | 2.49M | 3.03M | 2.02M | 1.26M | 1.46M | 3.77M |
| Stockholders Equity | -86.84K | -469.32K | 495.13K | 1.26M | 1.60M | -1.82M |
Cash Flow | ||||||
| Free Cash Flow | -2.01M | -1.27M | -633.21K | -1.99M | -4.51M | -2.40M |
| Operating Cash Flow | -1.99M | -1.25M | -633.21K | -1.92M | -3.83M | -2.11M |
| Investing Cash Flow | 58.84K | 18.48K | 6.81K | -71.20K | -690.67K | -293.21K |
| Financing Cash Flow | 2.35M | 1.32M | 798.52K | 1.87M | 4.93M | 2.36M |
Bayhorse Silver Technical Analysis
Negative
0.13
Price Trends
0.10
Negative
0.10
Negative
0.07
Positive
Market Momentum
>-0.01
Positive
33.37
Neutral
17.59
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 0.13 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.10, and above the 200-day MA of 0.07, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 33.37 is Neutral, neither overbought nor oversold. The STOCH value of 17.59 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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | C$48.06M | -2.01 | -46.22% | ― | -19.56% | -394.65% | |
52 Neutral | C$57.35M | -2.52 | ― | ― | ― | ― | |
46 Neutral | C$46.98M | -2.64 | -120.55% | ― | ― | ― | |
42 Neutral | C$30.51M | -7.83 | 510.34% | ― | ― | 42.57% | |
40 Underperform | C$30.62M | -20.33 | 83.46% | ― | ― | -36.76% |
* Basic Materials Sector Average
TSE:BHS
Bayhorse Silver
0.09
0.04
88.89%
TSE:AAN
Aton Resources
0.45
0.28
164.71%
TSE:BKI
Black Iron
0.10
-0.04
-28.57%
TSE:ATY
Atico Mining
0.27
0.20
327.42%
TSE:DLP
DLP Resources
0.28
<0.01
1.82%
TSE:LFLR
LaFleur Minerals
0.53
0.31
140.91%
Bayhorse Silver Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Bayhorse Silver Raises $584,175 as Incentive Warrant Program Closes Amid Volatile Silver Market
Positive
Feb 3, 2026
Bayhorse Silver has closed its warrant exercise incentive program, with holders exercising 3,894,500 of 20 million eligible warrants to raise gross proceeds of $584,175 and triggering the issuance of an equal number of new incentive warrants exerc...
Business Operations and Strategy
Bayhorse Silver Expands Mineralized Targets at Oregon Mine with New IP Survey
Positive
Jan 21, 2026
Bayhorse Silver Inc. has reported significant induced polarization (IP) survey results from its Bayhorse Silver Mine property in Oregon, indicating that low-resistivity zones correlated with known mineralization substantially expand the mineralize...
Business Operations and StrategyRegulatory Filings and Compliance
Bayhorse Silver Launches 2026 Work Program to Advance Bayhorse Mine Toward Full Production
Positive
Jan 7, 2026
Bayhorse Silver has outlined an extensive work program for the first half of 2026 aimed at advancing the Bayhorse Silver Mine toward full-scale underground production of up to 200 tons per day. The plan includes completing a final groundwater base...
Business Operations and StrategyPrivate Placements and Financing
Bayhorse Silver Offers Incentive Program to Accelerate Warrant Exercises
Positive
Jan 5, 2026
Bayhorse Silver has launched a warrant exercise incentive program covering 20 million existing warrants that are currently exercisable at $0.15 until February 1, 2026, aiming to encourage early conversion between January 6 and January 30, 2026. Ho...
Business Operations and StrategyExecutive/Board Changes
Bayhorse Silver Strengthens Leadership with Appointment of New President
Positive
Dec 17, 2025
Bayhorse Silver Inc. announced the appointment of Christos Doulis as the new President of the company, while he continues to serve as a Director. This leadership change underscores Bayhorse’s commitment to strengthening its management team a...
Business Operations and StrategyRegulatory Filings and Compliance
Bayhorse Silver Inc. Updates Warrant Terms and Expiry Dates
Neutral
Dec 10, 2025
Bayhorse Silver Inc. announced a correction to its previous news release regarding the exercise price of 3,500,000 warrants, adjusting it from $0.10 to $0.15. The company has also extended the expiry dates of several warrants, pending TSX Venture ...
Business Operations and StrategyProduct-Related Announcements
Bayhorse Silver Achieves Breakthrough in Antimony Leaching
Positive
Dec 9, 2025
Bayhorse Silver Inc. has reported successful selective antimony leaching results, achieving a 99.9% removal rate from its Bayhorse Silver Mine concentrate. This breakthrough, using a proprietary leaching process, is expected to enhance the recover...
Business Operations and StrategyPrivate Placements and Financing
Bayhorse Silver Extends Warrant Expiry and Grants Stock Options
Positive
Dec 4, 2025
Bayhorse Silver Inc. has announced the extension of expiry dates for several warrants, subject to TSX Venture Exchange approval, with new dates set for December 2028, December 2026, and January 2029, maintaining an exercise price of $0.10. Additio...
Business Operations and StrategyProduct-Related Announcements
Bayhorse Silver Advances Metallurgical Testing at Bayhorse Mine
Positive
Nov 27, 2025
Bayhorse Silver Inc is conducting a metallurgical bulk sample at its Bayhorse Silver Mine to assess the mineral content and recovery potential of silver, copper, antimony, and zinc. This initiative aims to simulate potential mining operations and ...
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.