Starcore International Mine (SAM) AI Stock Analysis

• Market Cap: C$99.75M
• Dividend Yield: N/A
• Average Volume (3M): 261.58K
• Price to Earnings (P/E): 33.3
• Beta (1Y): 2.17
• Revenue Growth: 26.16%
• EPS Growth: -8.73%
• Country: CA
• Employees: 53
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 89,863,520
• 10 Day Avg. Volume: 223,982
• 30 Day Avg. Volume: 261,582
• PEG Ratio: -0.94
• Price to Book (P/B): 0.44
• Price to Sales (P/S): 0.56
• P/FCF Ratio: -9.47
• 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: 62 Neutral
• Price Target: C$1.00 ▲(11.11% Upside)

The score is driven primarily by solid balance-sheet strength and strong revenue growth, offset by weak profitability and cash-flow quality. Technicals are supportive due to a clear uptrend but are tempered by overbought signals. Valuation is a headwind with a high P/E and no dividend yield provided.

Positive Factors

Revenue Growth

The company has demonstrated robust revenue growth, indicating strong sales momentum and market demand for its products, which supports long-term business expansion.

Balance Sheet Strength

A low debt-to-equity ratio reflects minimal leverage, reducing financial risk and enhancing the company's ability to invest in growth opportunities sustainably.

Market Position

Operating in a resource-rich region, the company benefits from strategic location advantages, supporting its long-term competitive position in the precious metals market.

Negative Factors

Profitability Challenges

Low net margins and negative EBIT margins indicate high operational costs, which can hinder profitability and limit reinvestment capabilities, affecting long-term growth.

Cash Flow Concerns

Negative free cash flow growth suggests liquidity issues, limiting the company's ability to fund operations and invest in future projects, impacting financial stability.

Operational Efficiency

Negative EBIT margins highlight inefficiencies in operations, which could impede the company's ability to optimize costs and improve profitability over time.

Starcore International Mine Business Overview & Revenue Model

Company Description

Starcore International Mine (SAM) is a mining company focused on the exploration and production of precious and base metals. Operating primarily in Mexico, SAM engages in the extraction of gold, silver, and other minerals through its various mining properties. The company aims to enhance shareholder value by leveraging its assets and expanding its mining operations while adhering to sustainable practices.

How the Company Makes Money

Starcore International Mine generates revenue primarily through the sale of precious metals, particularly gold and silver, extracted from its mining operations. The company operates on a model that includes both direct sales of mined metals to wholesalers and refiners, as well as potential partnerships with other mining companies for joint ventures or collaborations in exploration. Key revenue streams include the direct sale of bullion, which is influenced by global market prices, as well as any additional revenue from by-products or royalties from mineral rights. Furthermore, the company may benefit from strategic partnerships that enhance operational efficiency and market access, contributing to its overall earnings.

Starcore International Mine Financial Statement Overview

Summary

Starcore International Mine faces significant challenges in revenue growth and profitability, as reflected in the income statement. While the balance sheet is stable with low leverage, the company struggles with cash flow management. To improve its financial health, the company should focus on boosting revenue, enhancing operational efficiency, and strengthening cash flow generation.

Income Statement

The income statement shows mixed performance. The TTM data indicates a significant revenue decline of 74.9%, which is concerning. Gross profit margin is moderate at 25.21%, but net profit margin is low at 9.73%. EBIT and EBITDA margins are also weak, indicating challenges in operational efficiency. The company needs to address revenue growth and improve profitability.

Balance Sheet

The balance sheet is relatively strong with a low debt-to-equity ratio of 0.015, indicating low leverage and financial stability. Return on equity is modest at 1.84%, suggesting limited profitability from equity investments. The equity ratio is healthy, reflecting a solid capital structure. Overall, the balance sheet is stable but could benefit from improved returns.

Cash Flow

Cash flow analysis reveals challenges, with negative free cash flow and a free cash flow to net income ratio of -0.78, indicating cash flow issues. Operating cash flow to net income ratio is 0.67, showing some operational cash generation but not sufficient to cover net income. The company needs to enhance cash flow management and improve free cash flow generation.

Breakdown	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	32.16M	22.91M	28.33M	25.68M	26.80M
Gross Profit	9.63M	-1.50M	5.19M	5.31M	6.40M
EBITDA	2.82M	-637.00K	901.00K	6.36M	6.05M
Net Income	215.00K	-5.26M	1.63M	2.40M	2.89M
Balance Sheet
Total Assets	56.00M	50.91M	51.97M	52.04M	46.47M
Cash, Cash Equivalents and Short-Term Investments	3.50M	7.08M	5.66M	9.31M	5.17M
Total Debt	733.00K	384.00K	758.00K	898.00K	947.00K
Total Liabilities	15.13M	12.13M	11.37M	11.99M	10.19M
Stockholders Equity	40.87M	38.78M	40.60M	40.05M	36.28M
Cash Flow
Free Cash Flow	-1.90M	-3.83M	-854.00K	3.08M	6.15M
Operating Cash Flow	2.35M	-2.32M	1.89M	5.83M	7.73M
Investing Cash Flow	-4.25M	-1.47M	-2.19M	-1.02M	-1.12M
Financing Cash Flow	-243.00K	553.00K	-390.00K	-611.00K	-3.96M

Starcore International Mine Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SAM, the sentiment is Positive. The current price of 0.9 is above the 20-day moving average (MA) of 0.89, above the 50-day MA of 0.68, and above the 200-day MA of 0.41, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 72.49 is Negative, neither overbought nor oversold. The STOCH value of 80.65 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SAM.

Starcore International Mine Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SAM	62 Neutral	C$99.75M	33.33	1.79%	―	26.16%	-8.73%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
AZM	53 Neutral	C$80.50M	-30.42	-4.67%	―	―	-5360.00%
NKG	50 Neutral	C$95.42M	-5.86	-74.18%	―	―	42.92%
FSY	47 Neutral	C$90.55M	-34.35	-9.83%	―	―	49.12%
CRI	40 Underperform	C$51.77M	-14.34	-127.83%	―	―	72.34%

Starcore International Mine Corporate Events

Starcore International Mines Reports Q2 2025 Results Amid Production Challenges

Starcore International Mines Ltd. reported its second-quarter results for the period ending October 31, 2025, highlighting a loss of $0.7 million despite gold and silver sales totaling $10.7 million. The company has been addressing production issues and expects improvements in the coming quarter. Financial highlights include a cash reserve of $9.8 million and working capital of $7.0 million. The company’s EBITDA for the six-month period was $1.7 million, reflecting an EBITDA margin of 8.9%. Production highlights for the quarter included equivalent gold production of 1,860 ounces, with mine operating cash costs of US$2,625 per equivalent ounce.

The most recent analyst rating on (TSE:SAM) stock is a Hold with a C$0.70 price target. To see the full list of analyst forecasts on Starcore International Mine stock, see the TSE:SAM Stock Forecast page.

Starcore International Mines Reports Second Quarter Production Challenges and Solutions

Starcore International Mines reported a decrease in metal production for the second quarter of fiscal 2026 at its San Martin Mine in Mexico, primarily due to clay presence causing a ‘preg-robbing’ effect and carbon fines absorbing gold and silver. To address these issues, the company optimized its CIL plant, installed filter presses, and began separating processing circuits. These improvements, along with a new cyanide destruction module, are expected to enhance recovery rates and allow processing of stockpiled ore, potentially stabilizing production and maintaining profitability.

The most recent analyst rating on (TSE:SAM) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Starcore International Mine stock, see the TSE:SAM Stock Forecast page.

Starcore International Mines Secures $5 Million in Private Placement

Starcore International Mines Ltd. has successfully closed a non-brokered private placement, raising $5 million through the issuance of 20 million units at $0.25 per unit. This financing move, which includes common shares and warrants, aims to strengthen the company’s financial position and support its ongoing operations and expansion efforts. The completion of this financing underscores Starcore’s strategic focus on enhancing shareholder value and expanding its market presence.

The most recent analyst rating on (TSE:SAM) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Starcore International Mine stock, see the TSE:SAM Stock Forecast page.

Starcore International Mines Announces AGM Results and Leadership Changes

Starcore International Mines Ltd. announced the results of its annual general meeting, where 48.75% of shareholders were present. Key outcomes included the election of all management-nominated directors, approval of a Plan of Arrangement for spinning out mineral property interests in Côte d’Ivoire, and a private placement offering to raise $5 million. The board appointed new executives, including Robert Eadie as President and CEO, signaling strategic leadership changes.

The most recent analyst rating on (TSE:SAM) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Starcore International Mine stock, see the TSE:SAM Stock Forecast page.

Starcore Finalizes Lease on Promising Mexican Silver Mine

Starcore International Mines Ltd. has finalized a ten-year lease on the Tortilla Project, a historical silver mine in Queretaro, Mexico, through its subsidiary, Compañia Minera Peña de Bernal. The lease involves six mineral claims and concessions, with the potential for significant economic development due to promising metallurgical test results. The project includes two main mineralized zones, with high silver and gold grades, and the potential for greater yields at deeper levels. The company has an option to purchase the claims and concessions, as well as the NSR, which could enhance its operations and provide substantial returns for shareholders.

The most recent analyst rating on (TSE:SAM) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Starcore International Mine stock, see the TSE:SAM Stock Forecast page.