Starcore International Mine (SAM) AI Stock Analysis

• Market Cap: C$14.71M
• Dividend Yield: N/A
• Average Volume (3M): 55.47K
• Price to Earnings (P/E): 5.2
• Beta (1Y): 0.79
• Revenue Growth: 32.89%
• EPS Growth: N/A
• Country: CA
• Employees: 53
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Industrial Materials
• EPS (TTM): 0.04
• Shares Outstanding: 66,863,520
• 10 Day Avg. Volume: 63,714
• 30 Day Avg. Volume: 55,465
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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

Strong financial health with robust revenue growth and improved profitability. The technical indicators suggest positive momentum, and the low P/E ratio points to potential undervaluation. The company's exploration successes and operational advancements further bolster its growth outlook. However, attention to liquidity management is necessary.

Starcore International Mine Business Overview & Revenue Model

Company Description

Starcore International Mines Ltd. is a Canadian mining company engaged primarily in the exploration, extraction, and production of precious metals. The company's operations are predominantly focused on gold and silver mining within its properties located in Mexico. Starcore is committed to developing its assets to maximize shareholder value through sustainable and efficient mining practices.

How the Company Makes Money

Starcore International Mines Ltd. generates revenue through the sale of precious metals, primarily gold and silver, extracted from its mining operations. The company sells produced metals to market refineries and brokers, securing income based on the prevailing market prices of these commodities. Additionally, Starcore may engage in joint ventures or partnerships with other mining entities to optimize its resource extraction and operational efficiency, further contributing to its revenue streams. The company's financial performance is influenced by factors such as commodity prices, operational costs, and production volumes.

Starcore International Mine Financial Statement Overview

Summary

Overall, Starcore International Mine demonstrates a robust recovery trajectory with improved profitability and a strong balance sheet characterized by low leverage and high equity. However, cash flow management remains a concern with negative free cash flow, indicating the need for strategic capital allocation to ensure sustainable growth.

Income Statement

The company shows a strong recovery with a gross profit margin of 18.3% and a net profit margin of 5.8% in the latest annual report, indicating improved profitability compared to losses in previous years. Revenue growth of 23.7% from the previous period highlights positive momentum. However, EBIT and EBITDA margins remain modest at 4.5% and 3.2%, respectively, suggesting room for operational efficiency improvements.

Balance Sheet

The balance sheet is strong with a low debt-to-equity ratio of 0.02, indicating minimal leverage risk. The equity ratio is high at 78.1%, reflecting financial stability. The return on equity is modest at 4.0%, which shows potential for improvement in shareholder returns. The company maintains a healthy cash position, supporting its ability to manage liabilities.

Cash Flow

The cash flow statement shows a mixed picture. While operating cash flow is positive, the company experienced a negative free cash flow growth rate, with free cash flow remaining negative. The operating cash flow to net income ratio stands at 1.16, suggesting decent cash generation relative to profit. However, ongoing negative free cash flow indicates a need for better capital expenditure management.

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
28.33M	22.91M	25.68M	26.80M	24.82M
	Gross Profit
5.19M	-1.50M	5.31M	6.40M	1.98M
	EBIT
1.26M	-4.92M	1.50M	3.38M	-1.49M
	EBITDA
901.00K	-637.00K	6.36M	6.05M	1.95M
	Net Income Common Stockholders
1.63M	-5.26M	2.40M	2.89M	-3.63M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
5.66M	7.08M	9.31M	5.17M	2.10M
	Total Assets
51.97M	50.91M	52.04M	46.47M	54.41M
	Total Debt
758.00K	384.00K	898.00K	947.00K	4.90M
	Net Debt
-4.57M	-2.30M	-7.92M	-3.44M	2.79M
	Total Liabilities
11.37M	12.13M	11.99M	10.19M	17.11M
	Stockholders Equity
40.60M	38.78M	40.05M	36.28M	37.30M
Cash Flow		Free Cash Flow
-854.00K	-3.83M	3.08M	6.15M	-375.00K
	Operating Cash Flow
1.89M	-2.32M	5.83M	7.73M	2.74M
	Investing Cash Flow
-2.19M	-1.47M	-1.02M	-1.12M	-1.28M
	Financing Cash Flow
-390.00K	553.00K	-611.00K	-3.96M	-2.45M

Starcore International Mine Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 0.22 is below the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.19, and above the 200-day MA of 0.15, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 50.55 is Neutral, neither overbought nor oversold. The STOCH value of 21.43 is Neutral, 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	79 Outperform	C$14.71M	5.23	8.22%	―	32.89%	―
Sector *	49 Neutral	$1.96B	-1.23	-21.20%	3.72%	0.95%	-28.96%
TGOL	44 Neutral	C$13.65M	―	-12.23%	―	―	-52.78%
CCE	42 Neutral	C$13.78M	―	-45.75%	―	―	-1014.38%
SME	40 Underperform	C$14.30M	1.16	59.94%	―	―	―
PX	38 Underperform	C$14.68M	―		―	―	28.70%
SUPR	32 Underperform	C$13.16M	―		―	―	9.29%

Starcore International Mine Corporate Events

Starcore Completes Auger Drilling at Kimoukro Gold Project

Starcore International Mines Ltd. has completed an auger drilling and soil geochemistry campaign at its Kimoukro gold project in Côte d’Ivoire. The campaign aimed to confirm previously identified gold anomalies and explore untested areas, resulting in the collection of 1,367 samples. Despite weather challenges, the drilling was successful, providing valuable data for future exploration efforts and potentially enhancing the company’s position in the gold mining sector.

Spark’s Take on TSE:SAM Stock

According to Spark, TipRanks’ AI Analyst, TSE:SAM is a Outperform.

Starcore International Mines Ltd. demonstrates strong financial health with robust revenue growth and improved profitability. The stock’s technical indicators show positive momentum, reinforcing investor confidence. Furthermore, its low P/E ratio suggests it may be undervalued, presenting a potential investment opportunity. However, challenges in liquidity management and historical cash flow volatility warrant cautious optimism.

To see Spark’s full report on TSE:SAM stock, click here.

Starcore Unveils Promising Geophysical Survey Results at Kimoukro Gold Project

Starcore International Mines Ltd. has announced the results of a geophysical survey conducted at its Kimoukro gold project in the Ivory Coast. The survey, which included Induced Polarisation, Resistivity, and ground Magnetic methods, identified multiple moderate-to-strong chargeability anomalies that will guide future drilling targets. The findings highlight significant structural features and potential mineralized zones, which could enhance Starcore’s exploration efforts and strengthen its position in the gold mining sector.

Starcore Advances Exploration at Kimoukro Gold Project

Starcore International Mines Ltd. has announced advancements in the exploration of its Kimoukro Gold Project located in the Fetekro-Oumé greenstone belt in Côte d’Ivoire. This region is known for its rich gold deposits, and the project is strategically positioned near other significant mines. The geological conditions, characterized by complex structural features and favorable mineralization conditions, suggest promising potential for gold discovery, which could enhance Starcore’s operations and strengthen its position in the mining industry.

Starcore Achieves Breakthrough in Carbonaceous Ore Processing at San Martin

Starcore International Mines Ltd. has announced successful test results for processing carbonaceous ore at its San Martin mine, achieving over 80% gold and 63% silver recovery rates. This development allows for the continuous processing of carbonaceous ore, expected to significantly increase cash flow and resource estimates, marking a major advancement for the company’s operations.

Starcore International Mines Reports Strong Q3 Earnings and Positive Outlook

Starcore International Mines Ltd. reported its financial results for the third quarter ending January 31, 2025, highlighting a return to full production with earnings from mining operations reaching $2.1 million and positive cash flow. The company achieved gold and silver sales of $9.0 million and anticipates further increases in metal production following the completion of carbonaceous ore tests, which could enhance its market positioning and stakeholder value.

Starcore Returns to Full Operations with Increased Gold Production

Starcore International Mines Ltd. has announced its third quarter production results, showcasing a return to normal operations at its San Martin Mine in Mexico after a previous two-month suspension. The company reported a significant increase in production, with 2,268 equivalent ounces of gold produced compared to 1,466 in the previous quarter. This improvement is attributed to the mining of oxide ore and anticipated recovery from carbonaceous ore, which is expected to contribute an additional 1 million tonnes of reserves. These developments indicate an extended mine life and potential for further exploration at the San Martin Mine, signaling a positive outlook for the company’s future operations.