Dolly Varden Silver (DV) AI Stock Analysis

• Market Cap: C$637.56M
• Dividend Yield: N/A
• Average Volume (3M): 248.04K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.17
• Revenue Growth: N/A
• EPS Growth: -5.25%
• Country: CA
• Employees: 7
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Silver
• EPS (TTM): -0.16
• Shares Outstanding: 91,866,780
• 10 Day Avg. Volume: 291,605
• 30 Day Avg. Volume: 248,044
• PEG Ratio: 0.46
• Price to Book (P/B): 2.75
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -13.14
• 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: 56 Neutral
• Price Target: C$6.50 ▼(-1.66% Downside)

The score is mainly constrained by weak financial performance (no revenue, widening losses, and high/accelerating cash burn). Support comes from a solid, debt-free balance sheet and positive recent corporate developments (strong drill results and $30M financing), while technicals are modestly constructive but not decisive; valuation is also limited by negative earnings and no dividend.

Positive Factors

Debt-Free Balance Sheet

A debt-free balance sheet provides financial flexibility and reduces risk, allowing the company to focus on exploration and strategic investments without the burden of interest payments.

NYSE American Listing

Listing on the NYSE American could enhance access to U.S. equity markets, potentially increasing shareholder value and attracting American investors interested in high-grade silver opportunities.

Market Making Services

Engaging market making services can improve trading efficiency and liquidity, enhancing market positioning and potentially providing better value for stakeholders.

Negative Factors

Lack of Revenue

The absence of revenue generation limits the company's ability to self-fund operations, increasing reliance on external financing and posing long-term sustainability challenges.

Negative Cash Flow

Negative cash flow indicates reliance on external capital, which can be unsustainable if not offset by future revenue, impacting long-term financial health.

Operational Inefficiency

Operational inefficiency, as shown by negative margins, suggests challenges in managing costs and scaling operations, which can hinder profitability and growth.

Dolly Varden Silver Business Overview & Revenue Model

Company Description

Dolly Varden Silver Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold, silver, lead, zinc, and copper deposits. It holds 100% interests in the Kitsault Valley project, which comprises the Dolly Varden property and the Homestake Ridge property covering an area of 163 square kilometers located in Golden Triangle of British Columbia, Canada; and the Big Bulk property located in Canada. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Dolly Varden Silver Corporation generates revenue primarily through the exploration and development of its mineral properties, with the ultimate goal of discovering economically viable silver and gold deposits. The company funds its exploration activities through the issuance of shares and strategic partnerships, including joint ventures with other mining companies. Revenue is generated once these exploration projects advance to production stages, allowing the company to sell extracted minerals on the market. Additionally, Dolly Varden may earn income through the sale or optioning of its properties to other mining entities, leveraging its assets to create value for shareholders.

Dolly Varden Silver Financial Statement Overview

Summary

Dolly Varden Silver exhibits financial challenges typical of an early-stage mining company, with consistent losses and no revenue generation. Despite these challenges, the company maintains a strong equity position with no debt, offering some financial flexibility. However, the reliance on external financing for operational cash needs highlights a precarious situation that necessitates revenue generation for better financial health.

Income Statement

Dolly Varden Silver's financials show consistent losses with no revenue generation over several years. The TTM (Trailing-Twelve-Months) reported a significant net loss of CAD 20.65 million and negative EBIT and EBITDA margins, indicating operational inefficiency. The lack of revenue and consistent negative profit margins highlight the company's struggle to generate income, which is a common challenge in the mining industry during exploration phases.

Balance Sheet

The balance sheet indicates financial stability with a strong equity base and no debt, evidenced by a healthy equity ratio and a debt-to-equity ratio of zero. The company has maintained a positive cash position over the years, supported by equity financing. However, the reliance on external financing to cover operational losses may pose future risks if cash reserves are depleted without achieving revenue growth.

Cash Flow

Operating cash flows have been negative, reflecting ongoing cash burn due to lack of revenues. While the company has successfully raised funds through financing activities, free cash flow remains negative, indicating a reliance on external capital to sustain operations. This pattern suggests a need for generating operational cash flows to ensure long-term sustainability.

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	-39.24K	-48.06K	-54.89K	-61.97K	-37.04K	-17.52K
EBITDA	-29.42M	-25.77M	-26.19M	-21.74M	-9.20M	-7.25M
Net Income	-27.79M	-20.65M	-26.65M	-19.27M	-8.13M	-7.20M
Balance Sheet
Total Assets	117.54M	106.25M	82.75M	100.24M	20.19M	28.07M
Cash, Cash Equivalents and Short-Term Investments	34.48M	34.18M	9.98M	28.50M	15.48M	23.65M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	8.06M	4.40M	804.05K	4.10M	343.67K	1.42M
Stockholders Equity	109.48M	101.85M	81.95M	96.14M	19.85M	26.66M
Cash Flow
Free Cash Flow	-31.82M	-21.32M	-29.00M	-25.90M	-8.28M	-6.36M
Operating Cash Flow	-31.43M	-21.14M	-28.99M	-19.66M	-8.08M	-6.18M
Investing Cash Flow	-391.32K	-2.29M	-14.13K	-6.24M	-199.58K	-172.10K
Financing Cash Flow	28.06M	45.51M	10.49M	38.92M	118.75K	26.18M

Dolly Varden Silver Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.61
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DV, the sentiment is Positive. The current price of 6.61 is above the 20-day moving average (MA) of 6.49, above the 50-day MA of 6.12, and above the 200-day MA of 5.22, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 61.43 is Neutral, neither overbought nor oversold. The STOCH value of 93.46 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:DV.

Dolly Varden Silver Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
APM	77 Outperform	C$1.56B	14.65	42.17%	―	33.21%	47.22%
SVM	73 Outperform	$3.13B	88.41	3.54%	0.29%	37.50%	-60.92%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
KTN	57 Neutral	C$208.24M	-29.09	-11.69%	―	―	-0.78%
DV	56 Neutral	C$637.56M	-20.98	-26.19%	―	―	-5.25%
MSV	54 Neutral	C$35.74M	4.26	18.93%	―	―	―
IPT	52 Neutral	C$168.94M	-24.19	-8.15%	―	52.70%	60.33%

Dolly Varden Silver Corporate Events

Dolly Varden Silver Unveils High-Grade Gold Findings at Homestake Deposit

Dolly Varden Silver Corporation announced significant drilling results at its Homestake Silver deposit, revealing high-grade gold mineralization. The drilling intersected notable gold grades, including a section with 26.74 g/t gold over 14.76 meters, indicating a potential expansion of the high-grade zone. This discovery aligns with the company’s strategy to enhance its resource base and could positively impact its future drilling programs and market positioning.

The most recent analyst rating on (TSE:DV) stock is a Buy with a C$1.60 price target. To see the full list of analyst forecasts on Dolly Varden Silver stock, see the TSE:DV Stock Forecast page.

Dolly Varden Silver Completes 2025 Drill Program and Engages Marketing Services

Dolly Varden Silver Corporation has completed its 2025 diamond drill program on the Kitsault Valley Project, drilling 56,131 meters across 84 holes. The program successfully expanded resources at the Wolf and Homestake Silver deposits and discovered new mineralization at various targets. The company has also engaged Orbiton Capital Corp. for strategic marketing services to enhance its market presence. These developments are expected to strengthen Dolly Varden’s position in the precious metals industry and provide a steady flow of updates as assay results are integrated and released.

The most recent analyst rating on (TSE:DV) stock is a Buy with a C$1.60 price target. To see the full list of analyst forecasts on Dolly Varden Silver stock, see the TSE:DV Stock Forecast page.