BeMetals (TSE:BMET)
:BMET
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BeMetals
(BMET)
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Rating:39Underperform
Price Target:
C$0.49
▲(445.56% Upside)
Action:Downgraded
Date:05/30/26
The score is driven primarily by weak financial performance (no revenue, recurring losses, and ongoing cash burn with shrinking equity). Technicals add further pressure with price below key moving averages and negative momentum indicators. Valuation offers little support given the loss-driven negative P/E and no dividend yield provided.
Positive Factors
Low leverage / No debt
Having no debt materially reduces near‑term solvency and interest burden risk. Over the next several months this preserved balance‑sheet flexibility lowers default risk, eases covenant pressure, and gives management more options to raise equity or time financing.
Negative Factors
No revenue / Persistent operating losses
A sustained absence of revenue fundamentally undermines the business model: without product or service sales there is no organic path to profitability. Recurring operating losses indicate structural issues in commercialization or demand that will persist unless the company achieves a material strategic shift.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / No debt
Having no debt materially reduces near‑term solvency and interest burden risk. Over the next several months this preserved balance‑sheet flexibility lowers default risk, eases covenant pressure, and gives management more options to raise equity or time financing.
Read all positive factors
BeMetals (BMET) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$14.72M
Dividend YieldN/A
Average Volume (3M)100.56K
Price to Earnings (P/E)―
Beta (1Y)1.36
Revenue GrowthN/A
EPS Growth-700.56%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-1.03
Shares Outstanding29,442,360
10 Day Avg. Volume198,327
30 Day Avg. Volume100,557
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)3.09
Price to Sales (P/S)0.00
P/FCF Ratio-17.72
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
BeMetals Business Overview & Revenue Model
Company Description
BeMetals Corp. specializes in the exploration and advancement of mineral properties containing both valuable precious metals and industrial base metals. The firm holds an option to acquire a significant 72% stake in the Pangeni copper project, loc...
BeMetals Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
34
Negative
Cash Flow
18
Very Negative
| Breakdown | Mar 2026 | 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.39M | -1.89M | 0.00 | -14.61M | -2.52M |
| Net Income | -24.84M | -2.82M | -2.00M | -14.74M | -2.52M |
Balance Sheet | |||||
| Total Assets | 6.86M | 36.24M | 30.35M | 28.95M | 35.98M |
| Cash, Cash Equivalents and Short-Term Investments | 1.93M | 2.76M | 608.36K | 6.04M | 6.40M |
| Total Debt | 0.00 | 12.23M | 9.34M | 6.90M | 0.00 |
| Total Liabilities | 180.56K | 12.34M | 9.56M | 7.28M | 135.44K |
| Stockholders Equity | 6.67M | 23.89M | 20.78M | 21.67M | 35.85M |
Cash Flow | |||||
| Free Cash Flow | -1.16M | -1.04M | -1.74M | -7.60M | -6.65M |
| Operating Cash Flow | -1.16M | -1.04M | -1.74M | -1.10M | -1.84M |
| Investing Cash Flow | -383.82K | -3.58M | -6.92M | -5.92M | -3.64M |
| Financing Cash Flow | 766.40K | 6.70M | 3.24M | 6.43M | 8.64M |
BeMetals Technical Analysis
Negative
0.09
Price Trends
0.60
Negative
0.70
Negative
0.68
Negative
Market Momentum
-0.03
Positive
35.55
Neutral
15.06
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BMET, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.59, below the 50-day MA of 0.60, and below the 200-day MA of 0.68, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 35.55 is Neutral, neither overbought nor oversold. The STOCH value of 15.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BMET.
BeMetals 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% | |
57 Neutral | C$22.68M | -31.50 | -2.08% | ― | ― | 34.36% | |
54 Neutral | C$60.91M | -22.29 | -6.79% | ― | ― | 24.75% | |
49 Neutral | C$16.87M | -1.42 | -7.76% | ― | ― | -153.59% | |
43 Neutral | C$3.25M | -8.28 | -43.79% | ― | ― | 72.49% | |
42 Neutral | C$15.19M | -4.70 | -34.77% | ― | ― | -418.52% | |
39 Underperform | C$14.72M | -0.60 | -125.25% | ― | ― | -700.56% |
* Basic Materials Sector Average
TSE:BMET
BeMetals
0.50
0.10
25.31%
TSE:VCG
Callinex Mines
1.01
0.28
38.36%
TSE:CPL
Copper Lake Resources
0.24
0.04
20.60%
TSE:KC
Kutcho Copper Corp
0.33
0.16
94.12%
TSE:CPAU
CopAur Minerals
0.14
0.02
16.67%
TSE:WLF
Wolfden Resources
0.08
>-0.01
-5.88%
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.