Guanajuato Silver Company Ltd. (TSE:GSVR)
:GSVR
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Guanajuato Silver Company
(GSVR)
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Rating:44Neutral
Price Target:
C$0.67
▼(-5.77% Downside)
Action:Reiterated
Date:04/30/26
The score is primarily constrained by weak financial performance—ongoing net losses and consistently negative free cash flow—despite some balance sheet improvement in 2025. Technicals are mixed (near-term below key moving averages, neutral momentum), while valuation is difficult to support given negative earnings and no dividend data.
Positive Factors
Operating mining & processing assets
GSVR owns and operates underground mines and on-site processing in a single, established mining district. Vertical integration of extraction and processing supports more stable production control, metallurgical recovery management, and by-product capture, improving durable revenue capture and margin control over months.
Negative Factors
Persistent negative free cash flow
Consistently negative free cash flow forces reliance on external financing, asset sales, or equity issuance to fund capital needs and working capital. This undermines the company's ability to self-fund growth, increases dilution/refinancing risk, and constrains long-term reinvestment capacity absent sustained cash-flow turnaround.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating mining & processing assets
GSVR owns and operates underground mines and on-site processing in a single, established mining district. Vertical integration of extraction and processing supports more stable production control, metallurgical recovery management, and by-product capture, improving durable revenue capture and margin control over months.
Read all positive factors
Guanajuato Silver Company (GSVR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$421.13M
Dividend YieldN/A
Average Volume (3M)5.70M
Price to Earnings (P/E)―
Beta (1Y)3.34
Revenue Growth6.36%
EPS Growth-45.99%
CountryCA
Employees1,458
SectorGeneral
Sector StrengthN/A
IndustrySilver
Share Statistics
EPS (TTM)-0.07
Shares Outstanding738,831,240
10 Day Avg. Volume7,906,000
30 Day Avg. Volume5,701,174
Financial Highlights & Ratios
PEG Ratio-0.38
Price to Book (P/B)12.58
Price to Sales (P/S)4.34
P/FCF Ratio-113.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$0.75Price Target Upside5.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.1
Revenue Forecast (FY)C$262.00M
Guanajuato Silver Company Business Overview & Revenue Model
Company Description
Guanajuato Silver Company Ltd. engages in the acquisition, exploration, development, and evaluation of mineral assets in Canada and Mexico. The company primarily focuses on silver and gold properties. Its flagship project is the 100% owned the El ...
How the Company Makes Money
Guanajuato Silver Company makes money primarily by producing and selling precious metals—mainly silver and gold—from ore mined at its Mexican operations. Revenue is generated when mined ore is processed into saleable metal (typically as dore bars ...
Guanajuato Silver Company Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
46
Neutral
Cash Flow
24
Negative
| Breakdown | Mar 2026 | Mar 2025 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 78.78M | 108.78M | 87.67M | 36.88M | 4.12M |
| Gross Profit | 10.81M | 3.55M | -15.63M | -6.88M | -2.23M |
| EBITDA | -24.23M | 1.63M | -14.23M | -13.71M | -9.07M |
| Net Income | -37.39M | -17.41M | -42.32M | -28.02M | -13.40M |
Balance Sheet | |||||
| Total Assets | 104.63M | 102.37M | 99.64M | 85.65M | 51.32M |
| Cash, Cash Equivalents and Short-Term Investments | 42.72M | 4.22M | 2.59M | 8.83M | 8.23M |
| Total Debt | 20.11M | 22.38M | 23.07M | 20.43M | 8.76M |
| Total Liabilities | 77.48M | 83.89M | 85.34M | 53.14M | 20.52M |
| Stockholders Equity | 27.15M | 18.47M | 14.30M | 32.51M | 30.80M |
Cash Flow | |||||
| Free Cash Flow | -3.00M | -8.85M | -15.06M | -18.67M | -15.34M |
| Operating Cash Flow | 552.00K | -3.43M | -8.15M | -15.06M | -8.93M |
| Investing Cash Flow | -6.06M | -7.56M | -7.57M | -11.85M | -13.96M |
| Financing Cash Flow | 43.98M | 18.60M | 6.52M | 27.13M | 27.12M |
Guanajuato Silver Company Technical Analysis
Negative
0.71
Price Trends
0.62
Negative
0.68
Negative
0.56
Positive
Market Momentum
>-0.01
Positive
42.02
Neutral
14.29
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GSVR, the sentiment is Negative. The current price of 0.71 is above the 20-day moving average (MA) of 0.63, above the 50-day MA of 0.62, and above the 200-day MA of 0.56, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.02 is Neutral, neither overbought nor oversold. The STOCH value of 14.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GSVR.
Guanajuato Silver Company Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | C$13.26B | 20.97 | 10.82% | 0.12% | 110.86% | ― | |
78 Outperform | C$31.87B | 12.63 | 19.65% | 0.88% | 32.74% | 255.77% | |
71 Outperform | C$114.02M | 1.97 | 1.82% | ― | 84.98% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | C$173.19M | -7.89 | -27.47% | ― | ― | 67.17% | |
45 Neutral | C$172.80M | -47.24 | -4.12% | ― | ― | 26.67% | |
44 Neutral | C$421.13M | -3.33 | -212.48% | ― | 6.36% | -45.99% |
* General Sector Average
TSE:GSVR
Guanajuato Silver Company
0.57
0.39
225.71%
TSE:AG
First Majestic Silver
26.85
18.65
227.36%
TSE:PAAS
Pan American Silver
74.47
41.04
122.73%
TSE:EXN
Excellon Resources
0.45
0.31
221.43%
TSE:SVE
Silver One Resources
0.49
0.22
81.48%
TSE:IPT
IMPACT Silver
0.33
0.15
83.33%
Guanajuato Silver Company Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresPrivate Placements and FinancingRegulatory Filings and Compliance
Guanajuato Silver Adds Veteran Mine Executive and Files New Valenciana Resource Report
Positive
Mar 23, 2026
Guanajuato Silver Company has appointed veteran mining executive David Paxton to its board of directors, adding more than 40 years of underground mine management and corporate finance experience, including leadership roles at Vatukoula Gold Mines ...
Business Operations and Strategy
Guanajuato Silver Joins TSX Venture 50 and Expands Investor Outreach
Positive
Feb 18, 2026
Guanajuato Silver Company has been named to the 2025 TSX Venture 50 list of top performing companies, ranking 10th based on share price appreciation, market capitalization growth, and trading value on the TSX Venture Exchange. Management attribute...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.