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Heliostar Metals
(HSTR)
Heliostar Metals (HSTR) vs. iShares MSCI Canada ETF (EWC)
Heliostar Metals Business Overview & Revenue Model
Heliostar Metals Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 97.19M | 36.57M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 49.98M | 18.58M | -186.69K | -28.84K | -52.80K | -9.96K |
| EBITDA | 76.18M | 31.11M | -17.77M | -3.60M | -11.40M | -8.91M |
| Net Income | 55.56M | 21.04M | -19.93M | -4.53M | -12.46M | -8.26M |
Balance Sheet | ||||||
| Total Assets | 129.88M | 117.23M | 28.36M | 33.69M | 12.16M | 13.12M |
| Cash, Cash Equivalents and Short-Term Investments | 34.58M | 27.18M | 752.89K | 4.16M | 1.31M | 2.90M |
| Total Debt | 0.00 | 212.06K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 62.38M | 55.68M | 5.14M | 3.95M | 1.88M | 453.62K |
| Stockholders Equity | 67.50M | 61.54M | 23.22M | 29.74M | 10.28M | 12.67M |
Cash Flow | ||||||
| Free Cash Flow | 16.98M | 5.26M | -14.91M | -5.73M | -10.47M | -8.11M |
| Operating Cash Flow | 18.61M | 5.85M | -14.80M | -5.61M | -10.12M | -7.83M |
| Investing Cash Flow | -2.31M | -1.27M | -85.75K | -14.17M | 1.06M | 2.20M |
| Financing Cash Flow | 21.46M | 22.01M | 11.51M | 22.73M | 9.00M | 6.81M |
Heliostar Metals Technical Analysis
Heliostar Metals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$740.45M | 19.93 | 29.30% | ― | 45.36% | -14.35% | |
72 Outperform | C$682.51M | ― | ― | ― | ― | ― | |
65 Neutral | C$746.64M | -29.64 | -81.62% | ― | ― | 18.96% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$657.36M | -28.61 | -5.98% | ― | -5.94% | -153.35% | |
54 Neutral | C$697.82M | -23.79 | -11.85% | ― | ― | 50.54% | |
50 Neutral | C$1.07B | -44.40 | -10.64% | ― | ― | 54.00% |
Heliostar Metals Corporate Events
Heliostar Metals reported 2025 production of 34,098 gold equivalent ounces, comprising 32,990 ounces of gold and 80,527 ounces of silver, meeting its full-year guidance range. The company ended 2025 with a preliminary cash balance of US$41 million and no debt, underpinning plans to ramp up output in 2026 following the successful restart of the La Colorada and San Agustin mines, while advancing the Ana Paula project through feasibility work as it pursues a long-term scale-up toward significantly higher annual production.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Heliostar Metals has filed a Preliminary Economic Assessment (PEA) technical report for its Ana Paula Project in Guerrero, Mexico, prepared under National Instrument 43-101 standards by M3 Engineering & Technology Corp. with JDS Energy & Mining as a subcontractor. The filing of this NI 43-101-compliant PEA marks a key technical and regulatory milestone for Ana Paula, providing an economic framework for the project and reinforcing Heliostar’s broader strategy to build scale in Mexico and progress toward its goal of becoming a mid-tier gold producer.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$5.25 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Heliostar Metals has restarted mining, crushing, conveying and ore stacking operations at its San Agustin gold mine in Durango, Mexico, following receipt of final government approvals and completion of key site works including surface access rights, power line adjustments and recommissioning of a 30,000-tonne-per-day crushing circuit. The company expects the current reserve at San Agustin to yield 45,000 ounces of gold at an all-in sustaining cost of US$1,990 per ounce, generating an estimated US$40 million in cash flow at prevailing gold prices, while an ongoing 10,000–15,000 metre drilling program targeting oxide extensions could extend mine life; a recent technical report outlines a 1.2-year mine plan with a probable reserve of 68,000 ounces and robust project economics, supporting Heliostar’s strategy to increase production and enhance per-share value heading into 2026.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$5.25 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Heliostar Metals Ltd. has acknowledged positive media reports regarding the progress of its La Colorada expansion project in Sonora, Mexico. The company has completed necessary submissions for a permit to expand the Veta Madre open pit and is expecting formal documentation to confirm the permit in Q1 2026, which will allow the restart of open-pit mining. This development is a significant step in Heliostar’s strategy to enhance its production capabilities and strengthen its position in the gold mining industry.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$5.25 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Heliostar Metals has announced a positive prefeasibility study for its Cerro del Gallo project in Mexico, highlighting strong economic potential with a post-tax NPV of $424 million and an IRR of 33.1% at a base gold price of $2,300 per ounce. The study outlines a 15.3-year mine life with significant expansion potential, positioning the project as a key component in Heliostar’s growth strategy to achieve 300,000 ounces of annual gold equivalent production by the end of the decade.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$3.75 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Heliostar Metals Ltd. has appointed James Perry as the new Chairman, succeeding Jacques Vaillancourt. Perry, who brings over 17 years of global mining and resources experience, aims to guide Heliostar towards becoming a leading gold producer in the Americas. His extensive background includes roles at Sweetwater Royalties and Newcrest Mining, where he managed significant transactions and strategic initiatives. This leadership change aligns with Heliostar’s growth ambitions, as the company targets a production goal of 500,000 ounces per year by the end of the decade. Additionally, Heliostar announced the issuance of stock options and restricted share units to its directors, officers, and consultants as part of its equity incentive plan.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$2.75 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Heliostar Metals Ltd. has entered into a new marketing agreement with GRA Enterprises LLC DBA National Inflation Association to enhance its investor relations and communication services. This agreement, which follows a similar unannounced agreement earlier in the year, aims to bolster the company’s visibility through website features and related services. These agreements are pending approval by the TSX Venture Exchange and reflect Heliostar’s ongoing efforts to strengthen its market presence and investor engagement.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$2.75 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Heliostar Metals Ltd. has filed an updated technical report for its La Colorada mine in Sonora, Mexico, prepared in accordance with National Instrument 43-101 standards. This report is a significant step in the company’s efforts to enhance its mining operations and solidify its position in the gold production industry.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$2.75 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Heliostar Metals Ltd. has announced additional results from its drill program at the Ana Paula project in Guerrero, Mexico, highlighting significant gold grades over wide intercepts. The company plans to expand the drilling program by 33% to 20,000 meters to support a feasibility study and explore new targets, aiming to increase resource confidence and potentially lower costs, which could enhance project margins and stakeholder value.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$2.75 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Heliostar Metals reported strong financial results for Q3 2025, with record production of 9,165 gold equivalent ounces and operating income of $14.2 million. The company is on track to meet its annual production guidance and has maintained a strong cash position, enabling significant reinvestment in its projects. The recent Preliminary Economic Assessment for the Ana Paula project indicates potential for substantial cash flow, supporting Heliostar’s goal to become a mid-tier producer by the end of the decade.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$2.75 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Heliostar Metals has announced a Preliminary Economic Assessment (PEA) for its Ana Paula underground project, highlighting strong economic potential with a post-tax NPV of $426 million at a $2,400/oz gold price. The project is expected to produce 874,700 ounces of gold over nine years, with a low average all-in sustaining cost, positioning it competitively in the global market. The company plans to accelerate development steps, including a feasibility study and exploration drilling, to bring the project into production by 2028, potentially enhancing its market position and shareholder value.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$2.75 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Heliostar Metals Ltd. announced significant changes to its board at the upcoming Annual General & Special Meeting, with Chairman Jacques Vaillancourt and director Ken Booth stepping down. James Perry, with extensive mining experience, is proposed to succeed Vaillancourt as Chairman. The company aims to expand its production to 500,000 ounces annually by the end of the decade, reflecting its strategic growth and operational strength.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$2.75 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Heliostar Metals has released an updated technical report for its La Colorada Mine, highlighting improved economic prospects. The report shows a significant increase in the post-tax net present value and a reduction in initial capital expenditure, alongside a notable growth in indicated mineral resources. The company plans to continue its drilling campaign to expand reserves and explore new growth opportunities, which could enhance its market position and operational efficiency.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$2.75 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.