Bayhorse Silver (BHS) AI Stock Analysis

• Market Cap: C$45.39M
• Dividend Yield: N/A
• Average Volume (3M): 799.38K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.03
• Revenue Growth: N/A
• EPS Growth: 42.57%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 349,190,730
• 10 Day Avg. Volume: 984,165
• 30 Day Avg. Volume: 799,379
• 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 Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: C$0.13 ▲(0.77% Upside)

Overall score is held back primarily by weak financial performance (no revenue, ongoing losses, negative cash flow, and negative equity), indicating elevated funding and execution risk. Technicals are relatively strong with a clear uptrend and positive momentum indicators, while valuation is constrained by losses and the absence of dividend support. Recent corporate updates are constructive but remain largely developmental.

Positive Factors

Resource Expansion

Initiating drilling at new IP targets can expand the company's resource base, enhancing its market position and long-term growth prospects.

Mineralized Zone Expansion

Expanding the mineralized zone increases potential resource extraction, strengthening operational capabilities and future revenue streams.

Promising Assay Results

Positive assay results suggest potential for resource expansion, aligning with strategic goals to boost mineral production and market competitiveness.

Negative Factors

Financial Instability

Persistent financial instability with high leverage and losses threatens long-term viability, requiring strategic restructuring for sustainability.

Negative Cash Flow

Negative cash flow highlights operational challenges, limiting the company's ability to finance growth and manage liquidity effectively.

High Leverage

High leverage poses solvency risks, reducing financial flexibility and increasing vulnerability to market fluctuations, impacting long-term stability.

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% interest in the Bayhorse Silver Mine Property located in Baker County, Oregon. It also holds an option agreement to acquire an 80% interest in the Brandywine project located in British Colombia. The company was formerly known as Kent Exploration Inc. and changed its name to Bayhorse Silver Inc. in December 2013. Bayhorse Silver Inc. was incorporated in 2004 and is headquartered in Burnaby, Canada.

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 and other buyers in the metals market. Key revenue streams include the sale of silver concentrate and any by-products derived from the mining process. Additionally, the company may enter into strategic partnerships or joint ventures with other mining entities to optimize its operations and enhance its revenue potential. Significant factors contributing to its earnings include market demand for silver, operational efficiency in mining and processing, and the company's ability to manage production costs effectively.

Bayhorse Silver Financial Statement Overview

Summary

Bayhorse Silver faces severe financial difficulties, characterized by consistent losses, high leverage, and poor cash flow management. The absence of revenue and negative equity suggests a need for strategic restructuring to improve financial health and ensure sustainability.

Income Statement

Bayhorse Silver shows consistent losses with no revenue generation, resulting in negative margins across the board. The company has struggled to improve its profitability over the years as evident from the negative EBIT and net income. This poses a significant challenge in terms of financial stability and growth prospects.

Balance Sheet

The balance sheet indicates financial instability with negative stockholders' equity, implying a high degree of leverage. The company's liabilities exceed its assets, which could pose solvency risks. The negative equity ratio further emphasizes the financial risks involved.

Cash Flow

Cash flow statements reveal consistent negative free cash flow, indicating operational inefficiencies and potential liquidity issues. Despite obtaining financing, the company's operating cash flow remains negative, highlighting challenges in generating cash from its core operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
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	-2.11M	-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

• Technical Analysis Sentiment: Positive
• Last Price: 0.13
• 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:BHS, the sentiment is Positive. The current price of 0.13 is below the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.10, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 54.04 is Neutral, neither overbought nor oversold. The STOCH value of 26.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BHS.

Bayhorse Silver Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BHS	52 Neutral	C$45.39M	-15.29	―	―	―	42.57%
AAN	49 Neutral	C$65.00M	-5.12	―	―	―	―
ATY	48 Neutral	C$43.32M	-1.18	-38.09%	―	-19.56%	-394.65%
BKI	42 Neutral	C$39.81M	-13.98	―	―	―	-36.76%
LFLR	42 Neutral	C$33.20M	-4.04	-198.13%	―	―	―

Bayhorse Silver Corporate Events

Bayhorse Silver Offers Incentive Program to Accelerate Warrant Exercises

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. Holders who exercise during this window will receive a new incentive warrant for each warrant exercised, allowing them to buy an additional share at $0.16 for 12 months, subject to a potential accelerated expiry if the share price trades at or above $0.22 for ten consecutive days, a structure that could bring forward capital inflows for Bayhorse while modestly increasing potential future dilution and aligning warrant holders more closely with the company’s near-term share price performance.

The most recent analyst rating on (TSE:BHS) stock is a Hold with a C$0.13 price target. To see the full list of analyst forecasts on Bayhorse Silver stock, see the TSE:BHS Stock Forecast page.

Bayhorse Silver Strengthens Leadership with Appointment of New President

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 as it advances towards permitting its Bayhorse Silver Mine and grows its operations. The transition is seen as a strategic move to drive shareholder value and operational progress, reflecting the company’s focus on becoming a key player in silver production.

Bayhorse Silver Inc. Updates Warrant Terms and Expiry Dates

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 Exchange approval, which could impact its financial strategy and investor relations by providing more time for warrant holders to exercise their options.

Bayhorse Silver Achieves Breakthrough in Antimony Leaching

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 recovery rates of silver, copper, and zinc, potentially improving the company’s operational efficiency and market competitiveness. The company is considering the installation of a pilot-scale antimony leaching facility at its Payette Mill in Idaho, which could further streamline its processing capabilities and provide separate, payable antimony material.

Bayhorse Silver Extends Warrant Expiry and Grants Stock Options

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. Additionally, the company has granted 3.2 million incentive stock options to directors, employees, and consultants, which are exercisable at ten cents per share for five years. These strategic financial moves are likely to enhance the company’s operational flexibility and stakeholder engagement.

Bayhorse Silver Advances Metallurgical Testing at Bayhorse Mine

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 determine the efficiency of their Ore-Sorter and flotation mill processes. The results will inform the company’s operational strategy and potentially enhance its market position by optimizing mineral recovery and exploring the production of silver bars.

Bayhorse Silver Completes Shares-for-Debt Settlement

Bayhorse Silver Inc. has completed a shares-for-debt settlement, receiving approval from the TSX Venture Exchange. The company issued 1,402,850 common shares at $0.04 per share to settle a debt of $56,114 owed to Wiklow Corporate Services Inc., owned by the company’s Corporate Secretary. This transaction is categorized as a ‘related party transaction’ but is exempt from certain regulatory requirements due to its size relative to the company’s market capitalization. The issued shares are subject to a hold period until March 1, 2026.

Bayhorse Silver Reports Promising Mineral Recovery from Bayhorse Mine

Bayhorse Silver Inc. has conducted an XRF field analysis on flotation concentrate samples from its Bayhorse Silver Mine, revealing significant amounts of silver, copper, antimony, and zinc. The analysis, although preliminary, shows promising recovery rates for these minerals, which are considered critical and strategic in the United States. The company plans to further test the feasibility of installing a pilot leaching system to enhance metal recovery and profitability. This development could potentially improve Bayhorse’s operational efficiency and market positioning by enabling more cost-effective processing of refractory minerals.

Bayhorse Silver Advances Leaching Technology to Boost Mineral Recovery

Bayhorse Silver Inc. has submitted concentrate samples from its Bayhorse Silver Mine for testing with Allihies Engineering’s proprietary antimony leaching technology. This initiative aims to significantly improve the recovery rates of silver, copper, and zinc by effectively separating antimony and sulfur, potentially enhancing the company’s operational efficiency and market competitiveness. If successful, this could lead to a substantial revision of the company’s cost-benefit analysis and improve the economic viability of its mining operations, impacting stakeholders positively by increasing the value of recoverable metals.

Bayhorse Silver Launches Geophysical Survey at Key Mining Sites

Bayhorse Silver Inc. has initiated an IP geophysical survey at its Pegasus Porphyry Copper/Silver prospect and Bayhorse Silver Mine in Oregon to identify potential drill targets and assess mineralization. The survey aims to enhance understanding of the site’s geological structure, potentially impacting the company’s exploration strategy and positioning in the mining sector.