Sailfish Royalty (FISH) AI Stock Analysis

• Market Cap: C$177.23M
• Dividend Yield: 2.96%
• Average Volume (3M): 23.80K
• Price to Earnings (P/E): 400.0
• Beta (1Y): 0.43
• Revenue Growth: 56.49%
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 55
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 75,096,350
• 10 Day Avg. Volume: 25,389
• 30 Day Avg. Volume: 23,799
• PEG Ratio: -19.56
• Price to Book (P/B): 3.81
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 496.27
• Enterprise Value/Market Cap: 0.78
• Enterprise Value/Revenue: 12.30
• Enterprise Value/Gross Profit: 63.40
• Enterprise Value/Ebitda: 44.75
• 1Y Price Target: C$2.73
• Price Target Upside: 15.78% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: C$2.50 ▲(5.93%Upside)

Sailfish Royalty's overall score is driven by strong technical indicators and highly positive corporate events, suggesting future growth potential. The financial performance is solid but could improve with better cash flow metrics. Valuation concerns with a high P/E ratio are balanced by a decent dividend yield.

Positive Factors

Investment and Financing

Spring Valley has received an LOI for up to $835M in potential capital from the U.S. Export-Import Bank, indicating strong financial backing for future developments.

Project Approval

The BLM has approved Solidus Resources to construct and operate the Spring Valley Gold Project, marking a major step forward for Sailfish.

Negative Factors

Financial Performance

The financials missed estimates due to timing issues, which may cause concern among some investors.

Sailfish Royalty Business Overview & Revenue Model

Company Description

Sailfish 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 Money

Sailfish 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 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: 2.36
• 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:FISH, the sentiment is Positive. The current price of 2.36 is below the 20-day moving average (MA) of 2.38, above the 50-day MA of 2.33, and above the 200-day MA of 1.74, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.89 is Neutral, neither overbought nor oversold. The STOCH value of 34.66 is Neutral, 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	71 Outperform	C$177.23M	400.00	2.86%	2.96%	56.49%	―
STLR	51 Neutral	C$97.91M	―	-23.25%	―	―	26.82%
MAE	48 Neutral	C$141.74M	―	-15.70%	―	―	-118.75%
Sector *	44 Neutral	C$963.51M	-6.97	-14.61%	2.60%	17.59%	-32.64%
TUD	39 Underperform	C$150.93M	―	-5.43%	―	―	36.41%
NCAU	38 Underperform	C$144.72M	―	-9.41%	―	―	-64.81%

Sailfish Royalty Corporate Events

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.

Sailfish Royalty Announces Q2 2025 Dividend and Debenture Conversion

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.