Blackrock Silver (TSE:BRC)
:BRC
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Blackrock Silver
(BRC)
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Rating:43Neutral
Price Target:
C$1.50
▲(15.38% Upside)
Action:ReiteratedDate:03/30/26
The score is driven primarily by weak financial fundamentals (pre-revenue, ongoing losses, and heavy cash burn) despite low debt. Technicals also weigh on the score due to a bearish trend and negative momentum indicators, while valuation is hard to support with a negative P/E and no dividend yield.
Positive Factors
Conservative balance sheet
Minimal debt is a durable financial strength for an exploration company: it reduces fixed financing obligations and preserves flexibility to raise project finance or structure JV deals. Over 2–6 months this lowers bankruptcy risk and supports measured capital deployment when opportunities arise.
Negative Factors
Pre-revenue & cash burn
Sustained zero revenue combined with ~-$20.9M TTM free cash flow indicates heavy structural cash consumption. Over the medium term this necessitates repeated external financing or asset sales, raising dilution risk and constraining the company’s ability to advance multiple projects without partner funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Minimal debt is a durable financial strength for an exploration company: it reduces fixed financing obligations and preserves flexibility to raise project finance or structure JV deals. Over 2–6 months this lowers bankruptcy risk and supports measured capital deployment when opportunities arise.
Read all positive factors
Blackrock Silver (BRC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$477.42M
Dividend YieldN/A
Average Volume (3M)2.10M
Price to Earnings (P/E)―
Beta (1Y)3.24
Revenue GrowthN/A
EPS Growth-198.87%
CountryCA
Employees2
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding367,243,470
10 Day Avg. Volume1,409,242
30 Day Avg. Volume2,100,614
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)12.89
Price to Sales (P/S)0.00
P/FCF Ratio-9.37
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)-0.05
Revenue Forecast (FY)N/A
Blackrock Silver Business Overview & Revenue Model
Company Description
Blackrock Silver Corp. engages in the acquisition, exploration, and development of mineral properties located in the United States. It primarily explores for gold and silver deposits. The company's flagship property is the Tonopah West silver-gold...
How the Company Makes Money
null...
Blackrock Silver Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -80.18K | -64.35K | -46.99K | -37.05K | -22.84K |
| EBITDA | -20.90M | -11.71M | -5.93M | -17.46M | -28.09M |
| Net Income | -21.08M | -11.76M | -6.00M | -17.51M | -28.02M |
Balance Sheet | |||||
| Total Assets | 16.26M | 17.25M | 6.60M | 8.45M | 11.44M |
| Cash, Cash Equivalents and Short-Term Investments | 7.69M | 9.40M | 656.18K | 3.65M | 8.54M |
| Total Debt | 57.05K | 69.95K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 926.35K | 1.48M | 384.00K | 1.03M | 1.50M |
| Stockholders Equity | 15.33M | 15.77M | 6.22M | 7.42M | 9.94M |
Cash Flow | |||||
| Free Cash Flow | -21.08M | -10.26M | -7.61M | -18.91M | -25.73M |
| Operating Cash Flow | -20.96M | -10.21M | -6.45M | -17.47M | -24.65M |
| Investing Cash Flow | -746.73K | -1.79M | -1.05M | -1.44M | -1.07M |
| Financing Cash Flow | 20.06M | 20.92M | 4.49M | 14.27M | 27.45M |
Blackrock Silver Technical Analysis
Positive
1.30
Price Trends
1.53
Negative
1.37
Positive
1.02
Positive
Market Momentum
-0.05
Negative
50.45
Neutral
67.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BRC, the sentiment is Positive. The current price of 1.3 is above the 20-day moving average (MA) of 1.27, below the 50-day MA of 1.53, and above the 200-day MA of 1.02, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 50.45 is Neutral, neither overbought nor oversold. The STOCH value of 67.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BRC.
Blackrock Silver Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | C$342.35M | 597.10 | 2.21% | ― | 694.29% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$267.33M | -107.29 | -7.02% | ― | ― | 14.37% | |
49 Neutral | C$271.88M | -7.27 | -42.64% | ― | 12.51% | -150.40% | |
46 Neutral | C$507.87M | -55.40 | -4.59% | ― | ― | -14.43% | |
46 Neutral | C$253.05M | -20.48 | -22.79% | ― | ― | -34.83% | |
43 Neutral | C$477.42M | -32.59 | -105.31% | ― | ― | -198.87% |
* General Sector Average
TSE:BRC
Blackrock Silver
1.37
1.04
308.96%
TSE:SLVR
Silver Tiger Metals
0.91
0.61
203.33%
TSE:ORV
Orvana Minerals
1.95
1.38
242.11%
TSE:SSV
Southern Silver Exploration
0.62
0.42
210.00%
TSE:CAPT
Capitan Silver
2.18
1.74
389.89%
TSE:SM
Sierra Madre Gold & Silver Ltd.
1.73
1.10
174.60%
Blackrock Silver Corporate Events
Executive/Board Changes
Blackrock Silver Grants Deferred Share Units to Newly Appointed Directors
Neutral
Apr 2, 2026
Blackrock Silver Corp., an emerging primary silver developer focused on its high-grade Tonopah West Project in Nevada, operates in one of the world’s top mining jurisdictions and is led by a seasoned team experienced in building major precio...
Business Operations and StrategyFinancial Disclosures
Blackrock Silver’s Tonopah West Update Boosts Resources and Economics in Nevada
Positive
Mar 31, 2026
Blackrock Silver has released an updated preliminary economic assessment for its Tonopah West silver-gold project in Nevada, built on a new mineral resource estimate that increases indicated resources by 90% and extends mine life to roughly 11 yea...
Business Operations and StrategyExecutive/Board Changes
Blackrock Silver Adds Industry Veterans to Board as Tonopah West Advances
Positive
Mar 4, 2026
Blackrock Silver has strengthened its governance structure with the appointment of veteran mining executive Susan Mathieu and seasoned corporate and securities lawyer Bernard Poznanski as independent directors. The move comes as the company advanc...
Business Operations and StrategyRegulatory Filings and Compliance
Blackrock Silver Wins Key Air Permit Advancing Tonopah West Toward Test Mining
Positive
Mar 3, 2026
Blackrock Silver has secured a key Class II Air Quality and Surface Disturbance Permit from Nevada regulators for its Tonopah West project, allowing up to 150 acres of disturbance under strict dust control over an initial five-year term. This mark...
Business Operations and Strategy
Blackrock Silver Launches Major Expansion Drilling at Tonopah West in Nevada
Positive
Feb 25, 2026
Blackrock Silver has mobilized drill rigs for a fully funded, 17,100 metre, two-phased resource expansion program at its Tonopah West silver-gold project in Nevada, aimed at extending known mineralization and testing new structures. The company wi...
Business Operations and Strategy
Blackrock Silver Launches Major Expansion Drilling at Tonopah West in Nevada
Positive
Feb 25, 2026
Blackrock Silver has mobilized drill rigs for a fully funded, 17,100 metre, two-phased resource expansion program at its Tonopah West silver-gold project in Nevada, targeting both eastern and northwestern extensions of the known mineralized system...
Business Operations and StrategyFinancial Disclosures
Blackrock Silver Joins 2026 TSX Venture 50 as Tonopah West Advances
Positive
Feb 18, 2026
Blackrock Silver has been named to the 2026 TSX Venture 50 list, recognizing it as one of the top-performing companies on the TSX Venture Exchange based on share price appreciation, market capitalization growth, and trading value. In 2025, the com...
Business Operations and Strategy
Blackrock Silver Steps Up Investor Outreach With Virtual Conference and New Marketing Deal
Positive
Feb 6, 2026
Blackrock Silver Corp. will showcase its strategy and projects to individual and institutional investors at the Precious Metals Critical Minerals Virtual Investor Conference on February 10, 2026, in an interactive online format that allows real-t...
Business Operations and StrategyExecutive/Board Changes
Blackrock Silver Names Veteran Capital Markets Executive as Head of Investor Relations
Positive
Jan 29, 2026
Blackrock Silver Corp. has appointed seasoned metals and mining capital markets professional Sean Thompson as Head of Investor Relations, granting him 200,000 stock options vesting over three years. With more than 17 years’ sector experience...
Business Operations and StrategyExecutive/Board Changes
Blackrock Silver Grants Long-Term Equity Incentives to Key Personnel
Positive
Jan 20, 2026
Blackrock Silver has granted a package of long-term equity incentives—including 824,380 stock options, 344,766 performance share units, and 86,538 deferred share units—to directors, management and consultants under its Omnibus Equity I...
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.