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Sailfish Royalty Corp (TSE:FISH)
:FISH

Sailfish Royalty (FISH) AI Stock Analysis

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Sailfish Royalty

(OTC:FISH)

Rating:56Neutral
Price Target:
C$2.50
▲(2.04%Upside)
The overall score is influenced most by the positive corporate events, indicating potential for future growth, and strong technical trends. However, the stock's high valuation and inconsistent financial performance pose significant risks.
Positive Factors
Dividend Yield
Sailfish Royalty continues to offer the leading dividend yield amongst its peers.
Revenue Growth
Despite missing expectations, Sailfish Royalty posted 76% revenue growth and breakeven EBITDA for Q3.
Share Buybacks
FISH has repurchased 1.6M shares over the last nine months, decreasing its share count by 1%.
Negative Factors
Financial Performance
Sailfish Royalty reported Q3 financial results that missed estimates due to decreased production from Mako Mining.
Market Valuation
The company is considered cheap on a P/NAV basis, trading at 0.5x P/NAV compared to small/mid-cap peers at 0.7x and large-cap peers at 1.4x, making it an attractive takeout candidate for major firms.
Production Issues
Production is expected to return to normal levels in Q4 according to Mako management.

Sailfish Royalty (FISH) vs. iShares MSCI Canada ETF (EWC)

Sailfish Royalty Business Overview & Revenue Model

Company DescriptionSailfish Royalty (FISH) is a precious metals royalty and streaming company focused on acquiring and managing a portfolio of royalties and streams on precious metal projects. The company operates primarily within the mining sector, providing financial solutions to mining operators in exchange for royalty or stream interests, which typically involve a percentage of the revenue generated from the mines.
How the Company Makes MoneySailfish Royalty makes money by acquiring royalty and streaming agreements on mining projects, which entitle it to a percentage of the revenue or production from those projects. The company earns revenue through these agreements by receiving regular payments or metal deliveries based on the output of the mines. Additionally, Sailfish Royalty may engage in strategic partnerships or acquisitions to expand its portfolio, thereby increasing its revenue potential. These activities are crucial for sustaining and enhancing the company's earnings over time.

Sailfish Royalty Financial Statement Overview

Summary
Sailfish Royalty shows a mixed financial performance. Positive net profit margin and a strong balance sheet with low leverage are offset by inconsistent revenue growth and cash flow challenges.
Income Statement
45
Neutral
Sailfish Royalty shows mixed results in its income statement. The company achieved a positive net profit margin of 48.0% TTM, indicating profitability, but experienced inconsistent revenue growth, with a 21.2% decline from 2022 to 2023. The gross profit margin decreased slightly from 2022 to 2023 but recovered to 62.5% TTM. However, EBIT and EBITDA margins were negative in 2023, impacting overall profitability.
Balance Sheet
60
Neutral
The balance sheet of Sailfish Royalty is relatively strong. The debt-to-equity ratio remains low at 0.12 TTM, indicating low leverage. Although the equity ratio decreased slightly, it remains high at 86.9% TTM, reflecting financial stability. Return on equity improved significantly to 3.9% TTM, showcasing better returns on shareholders' investments.
Cash Flow
40
Negative
Cash flow statements reveal potential challenges. Free cash flow improved slightly but remains low at $33,758 TTM. The operating cash flow to net income ratio is weak, showing limited cash conversion. Despite a positive trend in free cash flow growth, the free cash flow to net income ratio remains low, indicating cash flow constraints.
Breakdown
TTMDec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income StatementTotal Revenue
2.83M2.33M2.65M1.48M94.66K124.23K
Gross Profit
1.77M1.39M1.38M780.98K31.11K-26.84K
EBIT
-481.30K-1.97M1.60M3.15M-2.99M-3.07M
EBITDA
730.61K-403.14K-591.14K3.73M-2.78M-2.93M
Net Income Common Stockholders
1.36M-1.11M-1.21M3.27M-4.59M-3.43M
Balance SheetCash, Cash Equivalents and Short-Term Investments
535.17K2.55M1.61M3.68M1.56M274.39K
Total Assets
13.74M42.79M42.47M48.45M51.02M50.30M
Total Debt
0.003.97M16.60K46.28K3.14M11.30M
Net Debt
-535.17K1.41M-1.59M-3.63M1.58M11.02M
Total Liabilities
221.77K5.37M1.19M1.36M3.44M11.69M
Stockholders Equity
13.52M37.42M41.28M47.08M47.58M38.61M
Cash FlowFree Cash Flow
33.76K-1.16M-356.11K-1.76M-2.12M-1.65M
Operating Cash Flow
33.76K-1.14M-356.11K-1.76M-1.83M-1.65M
Investing Cash Flow
5.12M1.67M3.68M10.84M706.84K4.39M
Financing Cash Flow
-4.54M414.54K-5.39M-6.97M2.41M-2.56M

Sailfish Royalty Technical Analysis

Technical Analysis Sentiment
Positive
Last Price2.45
Price Trends
50DMA
1.92
Positive
100DMA
1.72
Positive
200DMA
1.54
Positive
Market Momentum
MACD
0.15
Negative
RSI
68.46
Neutral
STOCH
80.89
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 2.45 is above the 20-day moving average (MA) of 2.13, above the 50-day MA of 1.92, and above the 200-day MA of 1.54, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 68.46 is Neutral, neither overbought nor oversold. The STOCH value of 80.89 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

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
56
Neutral
$171.50M411.862.86%2.75%56.49%
51
Neutral
C$107.83M-23.25%26.82%
51
Neutral
$2.02B-1.19-21.37%3.64%2.88%-30.57%
TSMAE
48
Neutral
C$117.54M-15.70%-118.75%
TSTUD
39
Underperform
C$141.98M-5.21%36.41%
38
Underperform
C$175.04M-9.41%-64.81%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:FISH
Sailfish Royalty
2.43
1.30
114.85%
TSE:TUD
Tudor Gold
0.55
-0.19
-25.68%
TSE:MAE
Maritime Resources
0.10
0.04
66.67%
TSE:NCAU
Newcore Gold
0.70
0.36
105.88%
TSE:STLR
Moneta Gold
0.88
-0.36
-29.03%

Sailfish Royalty Corporate Events

Stock BuybackDividendsBusiness Operations and StrategyFinancial Disclosures
Sailfish Royalty Corp. Reports Strong Q1 2025 Results Despite Net Loss
Positive
May 29, 2025

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.

Business Operations and StrategyFinancial Disclosures
Sailfish Royalty Corp. Reports Promising Drill Results at El Golfo
Positive
May 27, 2025

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.

Private Placements and FinancingBusiness Operations and Strategy
Sailfish Royalty Corp. Poised for Growth with Spring Valley Financing Endorsement
Positive
May 14, 2025

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.

DividendsBusiness Operations and Strategy
Sailfish Royalty Announces Q2 2025 Dividend and Debenture Conversion
Neutral
May 13, 2025

Sailfish Royalty Corp. has announced its second quarterly cash dividend for 2025, amounting to US$0.0125 per common share, payable on July 15, 2025. Additionally, the company has opted to convert outstanding convertible debentures into common shares, issuing over 4 million shares to debenture holders and settling accrued interest through additional share issuance. This move is part of a related party transaction, exempt from certain regulatory requirements, and reflects Sailfish’s strategic financial management and capital allocation decisions.

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.

Business Operations and Strategy
Sailfish Royalty Enhances Silver Portfolio and Advances Spring Valley Project
Positive
Apr 29, 2025

Sailfish Royalty Corp. has exercised its option to purchase all remaining silver production from Mako Mining Corp’s San Albino mine for $1 million, enhancing its silver exposure. Additionally, the Bureau of Land Management is expected to release a Final Environmental Impact Statement for the Spring Valley Mine Project by July 2025, with a Record of Decision anticipated by August 2025, potentially allowing construction to begin in the third quarter. These developments are expected to positively impact Sailfish’s operations and shareholder value.

DividendsFinancial Disclosures
Sailfish Royalty Corp. Reports Improved 2024 Financial Results and Announces Dividend Plan
Positive
Apr 25, 2025

Sailfish Royalty Corp. reported its financial results for 2024, showing a significant improvement with a net income of $550,033 compared to a net loss in 2023. The company saw increased revenues and gross profits, driven by higher royalty revenues and silver sales. Despite a net loss in the fourth quarter, Sailfish declared quarterly dividends throughout 2024 and initiated a dividend reinvestment plan in 2025, reflecting a positive outlook for stakeholders.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.