Sailfish Royalty (FISH) AI Stock Analysis

• Market Cap: C$183.36M
• Dividend Yield: 2.84%
• Average Volume (3M): 22.22K
• Price to Earnings (P/E): 398.3
• Beta (1Y): 0.57
• Revenue Growth: 12.51%
• EPS Growth: -153.16%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Gold
• EPS (TTM): <0.01
• Shares Outstanding: 75,456,770
• 10 Day Avg. Volume: 15,431
• 30 Day Avg. Volume: 22,217
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: C$2.74
• Price Target Upside: 12.73% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 63 Neutral
• Price Target: C$2.50 ▲(2.88% Upside)

Sailfish Royalty's overall score is driven by strong corporate events and a solid financial recovery. However, the high P/E ratio suggests overvaluation, and technical indicators are mixed. The company's strategic initiatives and project approvals provide a positive outlook, but valuation concerns and technical signals temper the score.

Positive Factors

Financial Outlook

Increased gold and silver prices, along with continued M&A in the sector, have led to an increased target price for Sailfish.

Project Approval

The BLM has approved Solidus Resources to construct and operate the Spring Valley Gold Project, marking the final approval for the project's construction and operation.

Negative Factors

Financial Performance

The financials missed estimates due to timing issues, shifting focus away from short-term financial results.

Sailfish Royalty Business Overview & Revenue Model

Company Description

Sailfish Royalty Corp. operates as a precious metals royalty and streaming company in the Americas. The company also explores for gold and silver deposits. It holds a 3% net smelter return (NSR) on the San Albino gold project and a 2% NSR on the rest of the area surrounding San Albino in northern Nicaragua, as well as an up to 3% NSR on the Spring Valley gold project in Pershing County, Nevada. The company also holds a 1.5% NSR on El Compas, located in Zacatecas, Mexico; and a 1% NSR on La Cigarra, located in Chihuahua, Mexico, as well as holds a 100% interest in the Gavilanes Property located in Durango, Mexico. Sailfish Royalty Corp. was incorporated in 2014 and is headquartered in Road Town, the British Virgin Islands.

How the Company Makes Money

Sailfish Royalty generates revenue primarily through royalties and streams from its portfolio of mining assets. The company's revenue model is based on receiving a percentage of the revenue or production from the mines where it holds royalty interests, which provides a steady income stream without the costs and risks associated with direct mining operations. Key revenue streams include gold and silver royalties from various mining projects, as well as potential revenue from other minerals. Additionally, strategic partnerships with mining companies enhance its ability to secure favorable royalty agreements and access high-quality projects, further contributing to its overall earnings.

Sailfish Royalty Financial Statement Overview

Summary

Sailfish Royalty shows a strong recovery in profitability and cash flows, with significant revenue growth and improvements in cost management. The balance sheet is stable with low leverage, though there is a slight decline in asset and equity levels. Cash flow metrics need further improvement.

Income Statement

The income statement shows a positive trend in revenue growth, with a significant increase in total revenue from 2020 to TTM (Trailing-Twelve-Months). Gross profit margin is healthy at 71.1% for TTM, reflecting strong profitability from operations. Net profit margin has improved to 10.6% in TTM from previous losses, indicating enhanced cost control and operational efficiency. EBIT and EBITDA margins have turned positive in TTM, further supporting profitability improvements.

Balance Sheet

The balance sheet is stable with a debt-to-equity ratio of 0.12 in TTM, indicating low leverage and a strong equity position. However, there has been a slight decline in total assets and equity over the periods. The equity ratio remains robust at 86.5%, showcasing a solid capital structure. Return on equity has improved to 1.0% in TTM from negative returns, showing a return to profitability.

Cash Flow

Cash flow analysis reveals a recovery in operating cash flow, which is now positive in TTM at $270,263. Free cash flow has also turned positive, reflecting better cash management. However, the free cash flow to net income ratio is relatively low at 0.83 in TTM, indicating potential constraints in cash generation relative to net income.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.84M	2.33M	2.65M	1.48M	94.66K
Gross Profit	1.87M	1.39M	1.38M	780.98K	31.11K
EBITDA	2.00M	-403.14K	-591.14K	3.73M	-2.78M
Net Income	550.03K	-1.11M	-1.21M	3.27M	-4.59M
Balance Sheet
Total Assets	39.09M	42.79M	42.47M	48.45M	51.02M
Cash, Cash Equivalents and Short-Term Investments	2.15M	2.55M	1.61M	3.68M	1.56M
Total Debt	4.00M	3.97M	16.60K	46.28K	3.14M
Total Liabilities	5.32M	5.37M	1.19M	1.36M	3.44M
Stockholders Equity	33.77M	37.42M	41.28M	47.08M	47.58M
Cash Flow
Free Cash Flow	-54.57K	-1.16M	-356.11K	-1.76M	-2.12M
Operating Cash Flow	-54.57K	-1.14M	-356.11K	-1.76M	-1.83M
Investing Cash Flow	4.27M	1.67M	3.68M	10.84M	706.84K
Financing Cash Flow	-4.61M	414.54K	-5.39M	-6.97M	2.41M

Sailfish Royalty Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.43
• 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:FISH, the sentiment is Positive. The current price of 2.43 is above the 20-day moving average (MA) of 2.36, above the 50-day MA of 2.38, and above the 200-day MA of 1.80, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.87 is Neutral, neither overbought nor oversold. The STOCH value of 82.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FISH.

Sailfish Royalty Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FISH	63 Neutral	C$183.36M	398.31	0.25%	2.84%	12.51%	-153.16%
Sector *	61 Neutral	$10.10B	6.13	0.58%	2.90%	3.10%	-40.33%
TRX	―	$96.10M	247.86	0.55%	―	―	―
STLR	51 Neutral	C$99.15M	―	-24.39%	―	―	25.76%
MAE	48 Neutral	C$140.62M	―	-8.20%	―	―	37.12%
TUD	39 Underperform	C$149.26M	―	-5.43%	―	―	24.08%
NCAU	38 Underperform	C$149.79M	―	-9.41%	―	―	-79.02%

Sailfish Royalty Corporate Events

Sailfish Royalty Launches Share Buyback and Converts Gavilanes Project

Sailfish Royalty Corp. has announced a new Normal Course Issuer Bid, allowing the company to repurchase up to 5% of its outstanding shares over the next year, reflecting its belief that current market prices undervalue its shares. Additionally, Sailfish has completed the conversion of its Gavilanes Silver Project into a 2% net smelter return royalty, receiving cash, shares, and performance rights from Advance Metals Limited, which could enhance its financial position and shareholder value.

The most recent analyst rating on (TSE:FISH) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Sailfish Royalty stock, see the TSE:FISH Stock Forecast page.

Sailfish Royalty’s Spring Valley Gold Mine Project Approved for Production

Sailfish Royalty Corp. announced that the United States Bureau of Land Management has approved the Spring Valley Gold Mine Project in Nevada, operated by Solidus Resources, LLC. This approval marks a significant milestone for Sailfish, as the project is expected to generate substantial cash flow due to its up to 3% net smelter return royalty on the mine. The project will employ a workforce of 130 during construction and 250 during operations, with a total project life of 21 years. The approval allows for immediate construction, with gold production anticipated in two to three years, and the project is expected to produce more gold than initially estimated due to optimization for current gold prices.

The most recent analyst rating on (TSE:FISH) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Sailfish Royalty stock, see the TSE:FISH Stock Forecast page.

Sailfish Royalty Advances with Spring Valley Gold Mine Approval

Sailfish Royalty Corp. announced that the United States Bureau of Land Management has issued the Final Environmental Impact Statement for the Spring Valley Gold Mine in Nevada, a significant step forward in the project’s development. This announcement is expected to positively impact Sailfish by potentially increasing revenue through its up to 3% net smelter return royalty on the project, especially with the favorable gold price environment. The project, if approved, will employ a significant workforce and has a projected life of 21 years, contributing to the company’s growth and positioning in the industry.

The most recent analyst rating on (TSE:FISH) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Sailfish Royalty stock, see the TSE:FISH Stock Forecast page.

Sailfish Royalty Corp. Reports Strong Q1 2025 Results Despite Net Loss

Sailfish Royalty Corp. reported its Q1 2025 financial results, highlighting a significant increase in royalty revenue and gross profit compared to the previous year, despite a net loss. The company repurchased and cancelled a substantial number of common shares and declared a quarterly dividend. Additionally, Sailfish exercised its option to purchase remaining silver production from Mako Mining Corp.’s San Albino mine, which may enhance its future revenue streams and strengthen its position in the precious metals market.

The most recent analyst rating on (TSE:FISH) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Sailfish Royalty stock, see the TSE:FISH Stock Forecast page.

Sailfish Royalty Corp. Reports Promising Drill Results at El Golfo

Sailfish Royalty Corp. has announced promising initial results from Mako Mining Corp.’s 2025 reverse circulation drill program at the El Golfo area, where Sailfish holds a 2% net smelter return royalty. The drilling revealed significant gold and silver mineralization, with a notable intersection of 39.15 g/t gold and 27.8 g/t silver over 8.0 meters. These findings, along with other ongoing exploration efforts, suggest potential for resource expansion and extended cash flow duration, benefiting Sailfish’s royalty interests. Additionally, Sailfish has received approval from the TSX Venture Exchange to settle outstanding interest through the issuance of common shares, further strengthening its financial position.

The most recent analyst rating on (TSE:FISH) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Sailfish Royalty stock, see the TSE:FISH Stock Forecast page.

Sailfish Royalty Corp. Poised for Growth with Spring Valley Financing Endorsement

Sailfish Royalty Corp. announced that Solidus Resources, LLC received a Letter of Interest from the Export-Import Bank of the United States for potential financing of up to US$835 million for the Spring Valley Gold Project in Nevada. This endorsement is significant as it aligns with the U.S. government’s initiatives and supports the Bureau of Land Management’s timeline for project permits, with expected gold production by 2028. Sailfish, holding significant royalty claims on the project, anticipates a substantial increase in cash flow, enhancing shareholder value.

The most recent analyst rating on (TSE:FISH) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Sailfish Royalty stock, see the TSE:FISH Stock Forecast page.