Cerro de Pasco Resources Inc (CDPR) AI Stock Analysis

• Market Cap: C$418.07M
• Dividend Yield: N/A
• Average Volume (3M): 941.08K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.71
• Revenue Growth: -100.00%
• EPS Growth: -127.82%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 605,895,750
• 10 Day Avg. Volume: 1,562,592
• 30 Day Avg. Volume: 941,082
• PEG Ratio: -0.02
• Price to Book (P/B): 13.63
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -16.62
• 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: 48 Neutral
• Price Target: C$0.68 ▲(24.18% Upside)

The score is held down primarily by weak and inconsistent financial performance—especially ongoing cash burn and questionable sustainability of recent net income given weak/absent revenue and operating results. Technicals are a partial offset due to strong upward trend, but overbought momentum raises pullback risk, and valuation support is limited by a negative P/E and no dividend data.

Positive Factors

Improved balance sheet / moderate leverage

The shift to positive equity and a moderate debt-to-equity (~0.62) materially improves solvency and creditor confidence versus prior years. This increases financing optionality and reduces bankruptcy risk over the medium term, supporting project development and permitting timelines.

Environmental remediation & tailings reprocessing focus

A business model centered on reprocessing legacy tailings and addressing environmental liabilities aligns with structural demand for remediation and resource recovery. This niche can unlock low-cost feedstock, regulatory support, and long-term project economics if technical recovery and permitting succeed.

Reported swing to positive net income in 2025

A reported move to positive net income can strengthen retained capital and stakeholder confidence if sustained. While 2025 gains may include non-operating items, an improving bottom line provides scope to reinvest or shore up liquidity if management converts it into recurring operating improvements.

Negative Factors

Negative operating and free cash flow

Persistent negative operating and free cash flow undermine the company’s ability to fund operations, remediation work, or capital projects without external financing. Over a multi-month horizon this raises dilution and refinancing risk, and constrains ability to execute projects on schedule.

Volatile and contracting revenue base

Highly inconsistent revenue, including a reported 0 in 2025, makes forecasting project economics and sustaining operations difficult. Without a stable revenue moat, long-term project financing and counterparty confidence are impaired, slowing asset redevelopment and commercial offtake deals.

History of operating losses and prior negative equity

A multi-year history of operating losses and periods of negative equity indicate structural profitability challenges. This legacy performance can limit access to capital, inflate financing costs, and necessitate dilutive financing or asset sales to sustain operations, constraining strategic flexibility.

Cerro de Pasco Resources Inc Business Overview & Revenue Model

Company Description

Cerro de Pasco Resources Inc., a natural resource company, engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for zinc, lead, and silver deposits. It holds 100% interests in the El Metalurgista mining concession covering an area of approximately 95.74 hectares located in Lima, Peru. The company was founded in 2012 and is headquartered in Saint-Sauveur, Canada.

How the Company Makes Money

Cerro de Pasco Resources Inc generates revenue through the extraction and sale of minerals such as zinc, lead, and silver. The company's primary revenue streams include the sale of raw mineral products to industrial buyers and smelters. CDPR's earnings are significantly influenced by market prices for metals, operational efficiency, and production volumes. Strategic partnerships with local and international stakeholders can also enhance its production capabilities and market reach, contributing to its financial performance. Moreover, the company's focus on innovative extraction and processing techniques aims to increase yield and reduce operational costs, further impacting its profitability.

Cerro de Pasco Resources Inc Financial Statement Overview

Summary

Overall fundamentals are weak: income statement quality is poor with historically large operating losses and volatile/contracting revenue (including revenue reported as 0 in 2025). Balance sheet stability has improved (equity turned positive and leverage is moderate), but cash flow remains a major risk with negative operating and free cash flow, reducing flexibility and raising financing risk.

Income Statement

Earnings quality and consistency remain weak: the company posted sizable operating losses in most years (e.g., EBIT was negative from 2019–2023), with 2023 showing deeply negative profitability (net loss of ~31.8M on ~20.2M revenue). Revenue has been volatile—strong rebound in 2022, followed by a sharp contraction in 2023 and revenue reported as 0 in 2025—making the business trajectory hard to underwrite. A key positive is the latest period’s swing to positive net income (~34.2M in 2025), but it is not supported by positive gross profit or operating profit, suggesting results may be driven by non-operating items rather than durable operating performance.

Balance Sheet

Leverage is moderate in the latest period (debt-to-equity ~0.62 in 2025), and equity has turned positive (~9.6M) versus negative equity in 2020–2023—an important improvement in financial stability. However, the history of negative equity and weak profitability indicates the balance sheet has been under pressure for multiple years. Returns on equity have been erratic (including inflated/unstable readings when equity was negative), reinforcing that profitability has not been consistently supported by the capital base.

Cash Flow

Cash generation is a major weakness: operating cash flow is negative in multiple years where provided (including ~-6.1M in 2025 and ~-0.5M in 2022), and free cash flow is also negative (e.g., ~-7.9M in 2025 and ~-7.6M in 2022). Despite reported free cash flow growth in some periods, the company is still burning cash, and operating cash flow has not been sufficient to cover reported earnings (coverage is negative where shown). This keeps financing risk elevated and reduces flexibility for investment without external capital.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	20.20M	40.59M	9.11M	0.00
Gross Profit	-366.00	-45.11K	-12.10M	-1.67M	3.27M	-122.00K
EBITDA	2.21M	50.58M	-25.53M	-13.23M	-797.00K	-7.08M
Net Income	24.84M	34.21M	-31.76M	-18.56M	-2.61M	-7.45M
Balance Sheet
Total Assets	23.67M	23.42M	38.15M	35.88M	48.58M	2.94M
Cash, Cash Equivalents and Short-Term Investments	16.50M	16.51M	139.44K	1.06M	12.75M	1.05M
Total Debt	5.98M	5.94M	5.37M	2.44M	5.16M	888.74K
Total Liabilities	12.93M	13.81M	79.78M	51.67M	46.45M	3.91M
Stockholders Equity	10.74M	9.60M	-55.28M	-15.75M	2.13M	-975.62K
Cash Flow
Free Cash Flow	-9.29M	-7.87M	-5.14M	-7.58M	-11.76M	-4.40M
Operating Cash Flow	-6.77M	-6.13M	-4.45M	-486.62K	-10.93M	-4.25M
Investing Cash Flow	-2.91M	-4.64M	-681.92K	-7.06M	18.18M	-149.33K
Financing Cash Flow	21.46M	26.65M	4.43M	-1.71M	4.74M	4.90M

Cerro de Pasco Resources Inc Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.55
• 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:CDPR, the sentiment is Neutral. The current price of 0.55 is below the 20-day moving average (MA) of 0.69, below the 50-day MA of 0.57, and above the 200-day MA of 0.47, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 53.93 is Neutral, neither overbought nor oversold. The STOCH value of 21.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:CDPR.

Cerro de Pasco Resources Inc 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%
CDPR	48 Neutral	C$418.07M	-32.55	-129.16%	―	-100.00%	-127.82%
WPG	43 Neutral	C$145.05M	-7.41	-82.28%	―	―	-474.03%

Cerro de Pasco Resources Inc Corporate Events

Cerro de Pasco Resources Adds Mining Finance Expert Lara Smith to Board

Cerro de Pasco Resources Inc. has appointed Lara Smith, an internationally recognized expert in financial evaluation, project economics and risk assessment for the mining and industrial sectors, to its Board of Directors. The company has also granted Smith 200,000 stock options, with board leadership emphasizing that her technical and valuation expertise will support crucial decisions on development options, capital allocation and commercial frameworks as the company advances its Peruvian mining project.

The most recent analyst rating on (TSE:CDPR) stock is a Hold with a C$0.69 price target. To see the full list of analyst forecasts on Cerro de Pasco Resources Inc stock, see the TSE:CDPR Stock Forecast page.

Cerro de Pasco Advances Quiulacocha Tailings Project to Late-Stage Readiness and Grants New Stock Options

Cerro de Pasco Resources reported that during 2025 it completed and integrated key Phase 1 technical, environmental and permitting workstreams at its Quiulacocha Tailings Project, significantly advancing the project’s readiness for execution. The company finalized extensive technical studies, logistics and infrastructure assessments, and environmental baseline work, while progressing key permits and securing a surface use agreement with the Community of Quiulacocha, thereby reducing execution risk and clarifying a pathway toward a comprehensive tailings reprocessing and remediation solution around the El Metalurgista concession. CDPR also completed a Phase 1 bulk sampling campaign in December 2025, collecting 12.3 tonnes of tailings for detailed laboratory and metallurgical testing to validate process performance and support flowsheet development and future scale-up. In a corporate move, the company granted 10.6 million stock options to directors, officers, employees and consultants, aligning management and stakeholders with the next stage of project development as it moves toward late-stage readiness for tailings reprocessing and environmental rehabilitation.

The most recent analyst rating on (TSE:CDPR) stock is a Hold with a C$0.51 price target. To see the full list of analyst forecasts on Cerro de Pasco Resources Inc stock, see the TSE:CDPR Stock Forecast page.

Cerro de Pasco Resources Secures Key Community Agreement for Tailings Project

Cerro de Pasco Resources Inc. has formalized a surface use agreement with the Community of Quiulacocha, reinforcing its social license to operate and strengthening its collaborative framework. This agreement, which supports the Quiulacocha Tailings Project, includes provisions for community engagement and social responsibility, reflecting shared interests in advancing the project transparently. Recognized nationally for its environmental and economic benefits, the project is part of Peru’s Specialized Priority Projects List, highlighting its potential to address historic environmental challenges while generating long-term value.

Cerro de Pasco Resources Resolves Dispute, Strengthens Financial Position

Cerro de Pasco Resources Inc. has reached a settlement agreement with Trevali Mining Corporation and its monitor, resolving all disputes related to the acquisition of the Santander Mine. This settlement, pending court approval, will allow CDPR to eliminate significant liabilities from its balance sheet, resulting in a material financial gain and enabling the company to focus on its core projects in Peru.

Cerro de Pasco Advances Quiulacocha Tailings Project to Phase 2

Cerro de Pasco Resources Inc. has made significant progress in the Quiulacocha Tailings Reprocessing Project, advancing from Phase 1 to Phase 2. The project, crucial for both resource value and environmental benefits, has completed key technical and environmental assessments, positioning the company for further development. With recent regulatory advancements and full funding for Phase 2, the company is set to move into the feasibility phase, aiming to deliver a transformative project for shareholders and Peru.

Cerro de Pasco Resources Secures $22.7 Million to Advance Quiulacocha Project

Cerro de Pasco Resources Inc. announced the successful closing of a $22.7 million financing through a combination of brokered and non-brokered private placements. This financing, which included significant participation from investor Eric Sprott, positions the company to advance the Quiulacocha Project towards pre-construction readiness, emphasizing technical, environmental, and engineering advancements. The capital raised is expected to enhance the company’s financial stability and commitment to sustainable development, impacting both its operational capabilities and stakeholder confidence.