tiprankstipranks
Trending News
More News >
Peruvian Metals Corp. (TSE:PER)
:PER

Peruvian Metals (PER) AI Stock Analysis

Compare
3 Followers

Top Page

TSE:PER

Peruvian Metals

(PER)

Select Model
Select Model
Select Model
Neutral 49 (OpenAI - 5.2)
Rating:49Neutral
Price Target:
C$0.10
▲(160.00% Upside)
The score is held back primarily by persistent net losses and consistently negative free cash flow, despite a low-debt balance sheet. Technicals are supportive due to strong trend momentum, but the stock appears overbought (high RSI), and valuation is weak with a very high P/E and no dividend support.
Positive Factors
Low Leverage
A debt-free balance sheet over 2022–2024 meaningfully reduces financial risk and interest burden for an exploration firm. This structural strength improves resilience during commodity cycles, preserves funding optionality for drill programs or JV deals, and lowers refinancing pressure long-term.
Revenue Trend
Consistent revenue improvement and a ~16.85% growth rate signal tangible progress in asset monetization or project advancement. Over months this trend supports stronger partner interest, potential JV/earn-in opportunities, and reduces reliance on purely dilutive financings if it continues to translate into scalable cash inflows.
Steady Project-Level Margins
Sustained gross margins in the high-30s to mid-40s imply underlying project economics can be attractive if overhead and G&A are controlled. For a developer/explorer, durable project-level margins increase the odds that discovered resources can support profitable operations or fetch premium terms in joint ventures or asset sales.
Negative Factors
Persistent Losses
Recurring net losses and a worsening 2024 result indicate the company has not yet demonstrated profitability on a sustained basis. This structural shortfall pressures capital allocation, risks dilutive equity raises, and undermines ROE recovery prospects unless operating leverage or project exits materially improve.
Negative Free Cash Flow
Three consecutive years of negative free cash flow point to a chronic cash burn dynamic rather than a one-off investment spike. Persistent FCF deficits constrain autonomous project funding, increase dependence on external capital or JV partners, and raise execution risk for advancing projects toward development.
Worsening Operating Cash
A negative operating cash flow in 2024 and a sharp year-over-year FCF decline reflect deteriorating cash generation from core activities. This structural weakening reduces runway for exploration, heightens fundraising frequency, and makes long-term project timelines and commercialization more uncertain without new financing or partner commitments.

Peruvian Metals (PER) vs. iShares MSCI Canada ETF (EWC)

Peruvian Metals Business Overview & Revenue Model

Company DescriptionPeruvian Metals (PER) is a mineral processing and exploration company based in Canada, primarily engaged in the extraction and processing of precious and base metals from its mineral properties in Peru. The company operates in the natural resources sector, focusing on the development and operation of its mineral processing plant, Aguila Norte, located in Northern Peru. Peruvian Metals aims to capitalize on the rich mineral endowments of the region, producing valuable concentrates for the international market.
How the Company Makes MoneyPeruvian Metals generates revenue by processing third-party mineral ores at its Aguila Norte processing plant. The company earns income through toll milling agreements, where it processes ores on behalf of other mining companies and receives a fee based on the volume and grade of ore processed. Additionally, Peruvian Metals may engage in sales of its own mineral concentrates produced from its exploration activities. Strategic partnerships with local mining companies and international buyers contribute significantly to its revenue streams, ensuring a steady supply of ores for processing and a market for its mineral products.

Peruvian Metals Financial Statement Overview

Summary
Revenue has improved, and the balance sheet shows no debt and stable equity, supporting financial resilience. However, profitability remains weak with net losses across the last three years and deteriorating results in 2024. Cash flow is the biggest drag, with negative operating cash flow in 2024 and negative free cash flow in each of the last three years, indicating ongoing cash burn.
Income Statement
34
Negative
Revenue has grown over the last three annual periods (2022–2024), with a notably stronger jump in 2024 versus 2023. However, profitability remains weak: net income is negative in each of the last three years, and 2024 deteriorated versus 2023 (loss widened and operating profit turned negative). Gross margin has been relatively steady in the high-30% to mid-40% range recently, but operating costs continue to outweigh gross profit, keeping margins below breakeven.
Balance Sheet
68
Positive
The balance sheet is conservatively positioned with no debt in 2022–2024 (and low debt even historically), which reduces financial risk and interest burden. Equity is positive and has been fairly stable recently, supporting balance-sheet resilience. The main weakness is sustained negative returns for shareholders (negative return on equity in 2021–2024), indicating the company is not currently converting its capital base into profits.
Cash Flow
22
Negative
Cash generation is a key concern: operating cash flow is negative in 2024 and 2022 (only slightly positive in 2023), and free cash flow is negative in each of the last three years. 2024 showed a sharp decline in free cash flow versus 2023, pointing to worsening cash burn. While cash flow can sometimes look better than net loss in a given year due to non-cash items, the recurring negative free cash flow suggests ongoing external funding needs or reduced financial flexibility.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue3.16M3.10M2.38M2.34M2.14M1.07M
Gross Profit1.13M1.16M1.05M890.13K1.09M176.07K
EBITDA683.99K-38.69K194.96K149.02K-434.00K754.11K
Net Income165.31K-563.79K-180.76K-332.00K-1.06M444.45K
Balance Sheet
Total Assets2.23M1.98M1.83M2.11M2.35M2.92M
Cash, Cash Equivalents and Short-Term Investments172.28K79.10K129.99K294.79K544.91K169.96K
Total Debt0.000.000.000.000.00139.31K
Total Liabilities857.94K782.43K743.87K854.33K1.04M1.47M
Stockholders Equity1.12M978.15K932.93K957.00K1.24M1.62M
Cash Flow
Free Cash Flow-173.65K-340.35K-50.36K-252.29K-308.57K-526.81K
Operating Cash Flow-82.57K-234.09K19.39K-214.31K-113.06K-441.81K
Investing Cash Flow-140.21K-278.50K-11.85K261.76K35.25K168.69K
Financing Cash Flow-205.35K476.04K-298.11K46.92K231.66K394.22K

Peruvian Metals Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.04
Price Trends
50DMA
0.06
Positive
100DMA
0.04
Positive
200DMA
0.03
Positive
Market Momentum
MACD
0.02
Negative
RSI
65.64
Neutral
STOCH
61.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PER, the sentiment is Positive. The current price of 0.04 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.06, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 65.64 is Neutral, neither overbought nor oversold. The STOCH value of 61.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PER.

Peruvian Metals Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
56
Neutral
C$9.84M31.18
51
Neutral
C$8.88M-2.62-288.81%-69.80%-83.65%
49
Neutral
C$14.53M70.0014.20%16.85%
49
Neutral
C$7.97M-2.33-133.71%-42.55%
47
Neutral
C$13.33M-4.97-104.65%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:PER
Peruvian Metals
0.11
0.09
600.00%
TSE:APN
Altiplano Minerals
0.05
>-0.01
-9.09%
TSE:REX
Orex Minerals
0.22
0.06
37.50%
TSE:RYO
Rio Silver
0.58
0.48
480.00%
TSE:CASA
Casa Minerals
0.17
0.13
347.37%
TSE:HUNT
Gold Hunter Resources
0.09
0.03
41.67%

Peruvian Metals Corporate Events

Business Operations and StrategyPrivate Placements and Financing
Peruvian Metals Advances Minas Visca Silver Project and Launches $1 Million Financing
Positive
Jan 29, 2026

Peruvian Metals has provided an update on its Minas Visca silver property in northern Peru, a 94-hectare, road-accessible project acquired in 2021 in a competitive auction that included major bidders such as Newmont and Mitsui. Historical and recent sampling at Minas Visca indicates silver-rich polymetallic mineralization with significant lead and zinc values, and preliminary metallurgical tests on bulk material have produced commercially viable concentrates. The project benefits from proximity to the company’s Aguila Norte processing plant, where Peruvian Metals plans to replace third-party ore with material from Minas Visca and its Palta Dorada property, potentially unlocking better economics, especially with current high silver prices. The company reports positive initial engagement with the local community and notes Mitsui’s planned nearby drilling as further validation of the area’s prospectivity, and it has arranged a non-brokered private placement of up to $1 million to fund exploration and general working capital, underlining its strategy of organic growth and increased control over its ore supply.

The most recent analyst rating on (TSE:PER) stock is a Hold with a C$0.13 price target. To see the full list of analyst forecasts on Peruvian Metals stock, see the TSE:PER Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Peruvian Metals Advances Minas Visca Silver Project and Launches $1 Million Financing
Positive
Jan 29, 2026

Peruvian Metals has provided an operational update on its Minas Visca silver project in northern Peru, where historical work and recent sampling indicate silver-rich polymetallic mineralization with potentially commercially viable concentrate production. The company reports encouraging metallurgical test results from bulk and stockpile samples, positive initial community relations, and notes that neighbouring concession holder Mitsui is preparing a drill program nearby, underscoring the area’s exploration potential; it plans to use future Minas Visca production to replace third-party feed at its fully permitted Aguila Norte plant and has launched a non-brokered private placement of up to $1 million to support exploration and working capital, positioning the company to benefit from higher silver prices and to grow its operations organically.

The most recent analyst rating on (TSE:PER) stock is a Hold with a C$0.13 price target. To see the full list of analyst forecasts on Peruvian Metals stock, see the TSE:PER Stock Forecast page.

Business Operations and StrategyM&A Transactions
Peruvian Metals Advances Mercedes Silver-Gold Project With High Recoveries and Joint Venture
Positive
Jan 23, 2026

Peruvian Metals Corp. has reported strong metallurgical results from its Mercedes silver-gold property in central Peru, where recent testing on the Victor II vein achieved recoveries of 97.85% for silver and 92.19% for gold, and testing on the newly identified Charo vein returned recoveries of 92.3% for silver and 74.7% for gold using flotation methods. The company has completed its obligations to acquire a 50% interest in San Maurizo Mines Ltd., which holds 100% of the Mercedes property, and will jointly develop the project with 50% partner Hudson Heartland Ltd., sharing exploration and development costs. With access agreements secured from the local community, a camp established, new roads under construction, and two mining crews set to begin extracting ore from Victor II and Charo in early 2026 for processing at a nearby toll mill, Peruvian Metals is advancing Mercedes toward near-term production while planning a major crosscut to access multiple veins and underground drill sites; the project currently bears a 20% net profit interest that will be removed once US$4 million has been paid, potentially improving future project economics.

The most recent analyst rating on (TSE:PER) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Peruvian Metals stock, see the TSE:PER Stock Forecast page.

Business Operations and Strategy
Peruvian Metals Reports Strong Gold Recoveries, Restarts Development at Palta Dorada
Positive
Jan 21, 2026

Peruvian Metals reported updated metallurgical test results from its wholly owned Palta Dorada gold-silver property in northern Peru, showing strong recoveries for both oxide and sulphide material from the main San Juan vein, with gold recoveries of 89% in sulphides via flotation and 82% in oxides via cyanide leaching. With road access restored after El Niño-related damage and camp upgrades completed, the company is preparing to restart exploration and development along the 840-metre strike of the San Juan vein, while leveraging its Aguila Norte plant for sulphide processing and local toll mills for oxide material; Peruvian Metals has also consolidated full ownership of Palta Dorada and become the largest shareholder of Rio Silver through a recent share payment, underscoring its strategic positioning in the Peruvian precious metals sector.

The most recent analyst rating on (TSE:PER) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Peruvian Metals stock, see the TSE:PER Stock Forecast page.

Business Operations and StrategyFinancial DisclosuresM&A Transactions
Peruvian Metals Hits Record Throughput and Sharpens Gold-Silver Focus in Peru
Positive
Jan 6, 2026

Peruvian Metals reported a fifth consecutive year of throughput growth at its Aguila Norte plant, processing a record 36,616 tonnes of third-party ore in 2025, an 8% increase over 2024, with the facility running at full capacity and expansion plans under review. The company is preparing 2026 development and exploration programs centered on gold and silver, advancing permitting and metallurgical work at its Palta Dorada and Mercedes projects, evaluating high-grade Au-Ag-Cu veins near Aguila Norte, and highlighting non-core assets Minas Vizca and Yanayco for their precious metal potential, while also becoming the largest shareholder of Rio Silver through the sale of its Minas Maria property, collectively signaling a strategic push deeper into Peru’s gold and silver sector.

The most recent analyst rating on (TSE:PER) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on Peruvian Metals stock, see the TSE:PER Stock Forecast page.

Business Operations and Strategy
Peruvian Metals Reports Positive Copper, Gold, and Silver Results, Expands Exploration Plans for Aguila Norte
Positive
Dec 17, 2025

Peruvian Metals has announced plans for a 2026 exploration program targeting gold, silver, and copper veins in proximity to its Aguila Norte plant, capitalizing on the rising prices of these metals. Recent sampling and historical data suggest promising mineralization, particularly at depth, which, combined with artisanal mining activities, positions the company strategically for future growth in the precious metals market and enhanced operational profitability.

Business Operations and StrategyM&A Transactions
Peruvian Metals Sells Maria Norte Project to Rio Silver
Positive
Dec 15, 2025

Peruvian Metals Corp. has completed the sale of its subsidiary, Mamaniña Exploraciones S.A.C., which holds mining rights in the Maria Norte project, to Rio Silver Inc. As part of the transaction, Peruvian Metals received 3,999,999 common shares of Rio Silver and will receive US$250,000 in semi-annual payments over five years. This transaction allows Peruvian Metals to hold a significant interest in Rio Silver and benefit from any exploration success. The company plans to focus on its gold and silver projects in Northern Peru while maintaining positive cash flow from its Aguila Norte Processing Plant.

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.Date of analysis: Jan 28, 2026