Sterling Metals (SAG) AI Stock Analysis

• Market Cap: C$71.47M
• Dividend Yield: N/A
• Average Volume (3M): 384.87K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.86
• Revenue Growth: N/A
• EPS Growth: -919.03%
• Country: US
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 38,017,433
• 10 Day Avg. Volume: 386,545
• 30 Day Avg. Volume: 384,874
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.41
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.34
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: C$1.50 ▼(-20.21% Downside)

Score is held down primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn). Support comes from strong price trend/momentum and positive project/financing events that extend runway, but valuation remains constrained by loss-making results and no dividend.

Positive Factors

Zero debt and growing equity base

A debt-free balance sheet with a materially larger equity base materially reduces solvency risk and preserves strategic optionality. Over the next 2-6 months this strengthens the company’s ability to fund exploration or negotiate project financing without immediate creditor constraints.

Material financing closed (~$14M placement)

A completed multi-million dollar placement is a structural positive: it extends the company’s operational runway and allows planned drilling programs to proceed. This reduces near-term refinancing risk and increases the chance that exploration milestones can be achieved and de-risk the asset.

Soo Copper Project execution and geology hire

Active, well-funded drilling and the appointment of a Chief Geologist improve technical execution and discovery follow-through. Over months this increases the probability of defining a resource, transforming exploration optionality into demonstrable project value if results are positive.

Negative Factors

No revenue across periods

Absence of operating revenue is a fundamental constraint: the business relies entirely on external funding rather than internally generated cash. This structural dependence leaves long-term viability tied to capital markets and project success rather than sustainable operating cash generation.

Consistent negative operating and free cash flow

Persistent operating and free cash outflows indicate ongoing cash burn that financing must repeatedly cover. Over 2-6 months this constrains flexibility, raises dilution risk, and can force project timeline cuts or external financing on less favorable terms if exploration does not deliver near-term value.

Sharply widening losses and deeply negative ROE

Rapidly worsening net losses and severely negative returns on equity signal deteriorating profitability and capital inefficiency. Structurally, this undermines investor confidence and makes future capital raises more dilutive or costly unless exploration success demonstrably reverses the trend.

Sterling Metals Business Overview & Revenue Model

Company Description

Sterling Metals Corp. engages in the discovery, acquisition, exploration, and development of mineral properties in Canada. It holds an option agreement to acquire a 100% interest in the Sail Pond silver-copper-lead-zinc project located on the Great Northern Peninsula of Newfoundland. The company was formerly known as Latin American Minerals Inc. and changed its name to Sterling Metals Corp. in November 2020. Sterling Metals Corp. was incorporated in 2003 and is headquartered in Toronto, Canada.

How the Company Makes Money

Sterling Metals makes money through the exploration, extraction, and sale of precious metals, primarily silver and gold. The company generates revenue by developing mining sites, extracting raw metal ores, and selling these materials to refineries and other industrial buyers. Key revenue streams include the direct sale of mined metals and potential partnerships or joint ventures with other mining companies or investors interested in commodity markets. Additionally, the company may engage in strategic partnerships to enhance operational efficiency and access to advanced mining technology, which can contribute to its earnings.

Sterling Metals Financial Statement Overview

Summary

Overall fundamentals are very weak: no reported revenue and sharply widening losses in TTM, alongside persistent negative operating and free cash flow. The main offset is a clean capital structure with zero debt and a meaningful equity base, which helps solvency but does not fix the cash-burn profile.

Income Statement

The income statement is very weak: the company reports no revenue across the available annual periods and TTM (Trailing-Twelve-Months), while losses are substantial. Profitability has deteriorated meaningfully in TTM (Trailing-Twelve-Months) with net income falling to about -$11.4M versus roughly -$1.6M in 2023, indicating rising cost structure and/or one-time charges. A positive is that reported losses were relatively contained in several earlier years, but the recent step-down in earnings quality dominates the outlook.

Balance Sheet

The balance sheet is a relative bright spot: total debt is reported at zero in all periods, which materially reduces financial risk. Equity has grown versus earlier years (about $17.6M in TTM (Trailing-Twelve-Months) vs. $6.4M in 2020), supporting solvency. However, returns to shareholders are consistently negative, with return on equity deeply negative in TTM (Trailing-Twelve-Months) (about -73%), highlighting that the asset/equity base is not currently generating profits and could be pressured if losses persist.

Cash Flow

Cash flow trends are pressured: operating cash flow is consistently negative across all periods, including TTM (Trailing-Twelve-Months) (about -$1.1M), signaling ongoing cash burn from operations. Free cash flow is also negative and worsened sharply in TTM (Trailing-Twelve-Months) (about -$3.3M vs. about -$0.7M in 2024), implying heavier spending and/or weaker working capital dynamics. While free cash flow growth is reported as positive in the most recent periods, it is from a negative base and does not change the fact that the business is not self-funding today.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-41.57K	-41.55K	0.00	-16.23K	-11.29K	0.00
EBITDA	-1.29M	-10.68M	-90.43K	-1.52M	-1.36M	-1.78M
Net Income	-11.41M	-10.72M	-1.56M	-1.54M	-1.38M	-2.06M
Balance Sheet
Total Assets	17.89M	14.54M	17.89M	12.44M	9.13M	6.75M
Cash, Cash Equivalents and Short-Term Investments	2.05M	1.42M	3.81M	3.26M	2.43M	2.76M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	310.10K	429.07K	634.35K	342.06K	272.83K	384.22K
Stockholders Equity	17.58M	14.11M	17.26M	12.10M	8.85M	6.36M
Cash Flow
Free Cash Flow	-3.29M	-687.71K	-5.40M	-3.64M	-3.81M	-2.42M
Operating Cash Flow	-1.12M	-666.86K	-1.27M	-875.92K	-955.00K	-2.31M
Investing Cash Flow	-3.01M	-2.68M	-4.13M	-2.76M	-2.85M	-102.50K
Financing Cash Flow	4.86M	948.66K	5.95M	4.47M	3.47K	4.74M

Sterling Metals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.88
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SAG, the sentiment is Positive. The current price of 1.88 is above the 20-day moving average (MA) of 1.80, above the 50-day MA of 1.86, and above the 200-day MA of 1.02, indicating a bullish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 55.43 is Neutral, neither overbought nor oversold. The STOCH value of 54.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SAG.

Sterling Metals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
NBM	53 Neutral	C$97.87M	-15.35	-450.88%	―	―	-38.68%
NEXT	51 Neutral	C$101.70M	-2.69	-67.77%	―	―	-156.65%
SAG	50 Neutral	C$71.47M	-3.99	-58.10%	―	―	-919.03%
SALT	50 Neutral	C$95.58M	-35.21	-13.22%	―	―	33.25%
FSY	50 Neutral	C$124.81M	-40.87	-9.83%	―	―	49.12%
LEM	49 Neutral	C$90.20M	-24.63	-12.25%	―	―	17.24%

Sterling Metals Corporate Events

Sterling Metals Extends High-Grade Bornite Core at Soo Copper Porphyry System

Sterling Metals has reported new assay results from 17 drill holes in its 2025 program at the Soo Copper Project, confirming and expanding a continuous porphyry copper system that includes a higher‑grade bornite core within a 400 by 400 metre zone still open to the east, south and at depth. Key holes MEPS-25-11 and MEPS-25-12 intersected long runs of copper equivalent mineralization with notable high‑grade intervals, while MEPS-25-01 extended the mineralized footprint about 300 metres south into previously untested ground, supporting the existence of a larger and richer copper-gold system than previously recognized; these results underpin Sterling’s shift into resource‑focused drilling and lay the groundwork for an expanded 2026 campaign that could materially advance the project’s resource development potential.

The most recent analyst rating on (TSE:SAG) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Sterling Metals stock, see the TSE:SAG Stock Forecast page.

Sterling Metals Streamlines Structure with Subsidiary Amalgamation

Sterling Metals Corp. has completed a vertical short form amalgamation with its wholly owned subsidiary, 17434006 Canada Inc., effective December 31, 2025, in a move aimed at simplifying its corporate structure and reducing administrative costs. The transaction involves no issuance of new securities, leaves the company’s share capital unchanged, cancels the subsidiary’s shares, and transfers all of its assets, liabilities and obligations to Sterling, with no significant impact expected on the company’s day-to-day operations or its continued listing on the TSX Venture Exchange.

The most recent analyst rating on (TSE:SAG) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Sterling Metals stock, see the TSE:SAG Stock Forecast page.

Sterling Metals Flags Transformational Year Ahead as Soo Copper Project Gathers Momentum

Sterling Metals has significantly advanced its Soo Copper Project over the past year, completing roughly 11 kilometres of drilling and identifying widespread copper mineralization across broad intervals, including a high-grade bornite zone with strong copper and localized high-grade gold values. The company has mapped a six-kilometre trend of bornite and chalcopyrite mineralization, underscoring the district-scale potential of the project, and bolstered its technical bench by appointing veteran geologist Dr. Neil O’Brien as Chief Geologist. Looking ahead to what it calls the most consequential year in its history, Sterling plans to release a comprehensive set of drill assays in early 2026, conduct at least 20 kilometres of additional drilling focused on delineation and step-outs, expand geophysical work and surface exploration, and showcase the project at major industry conferences, positioning itself to benefit from a tightening global copper market and Canada’s strategic emphasis on domestic copper supply.

Sterling Metals Secures $14M to Propel Soo Copper Project

Sterling Metals Corp. has successfully closed a non-brokered private placement, raising approximately $14 million to accelerate the development of its Soo Copper Project. The funds will primarily support drilling activities, with the company benefiting from cost advantages due to excellent access and infrastructure. This financial boost positions Sterling Metals to rapidly advance its project, potentially impacting its industry standing and offering significant opportunities for stakeholders.

Sterling Metals Upsizes Private Placement to Boost Canadian Exploration

Sterling Metals Corp. has announced an increase in its non-brokered private placement, aiming to raise up to $14 million through the issuance of units and charity flow-through units. The proceeds will be used for general working capital and to fund Canadian exploration expenses, enhancing the company’s exploration activities in Canada. The offering is subject to regulatory approvals and is expected to involve participation from company insiders.

Sterling Metals Launches $10 Million Private Placement to Fund Exploration

Sterling Metals Corp. has announced a non-brokered private placement offering of up to 3,088,888 units and 2,333,334 charity flow-through units, aiming to raise up to $10 million. The proceeds will be used for general working capital and to fund Canadian exploration expenses, with the offering subject to regulatory approvals. This strategic move is expected to bolster Sterling’s financial position and support its ongoing exploration projects in Canada, potentially enhancing its market standing and delivering value to stakeholders.