Starcore Intl Mine J (TSE:SAM)
TSX:SAM
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Starcore International Mine
(TSX:SAM)
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Rating:61Neutral
Price Target:
C$0.79
▼(-12.11% Downside)
Action:DowngradedDate:03/19/26
The score is primarily supported by strong financial positioning (very low leverage) and improved recent cash flow, but is held back by weak technicals (below key moving averages with negative MACD) and only moderate valuation support (P/E ~20 with no dividend yield provided).
Positive Factors
Very low leverage / strong balance sheet
Starcore’s exceptionally low debt load and improving equity base provide durable financial flexibility through commodity cycles. Low leverage reduces solvency risk, supports sustaining capital and working capital needs, and permits opportunistic spending without forcing distress financing.
Negative Factors
Thin, volatile profitability
Mid-single-digit margins and historical swings—including a prior sharp loss year—mean earnings are fragile. Persistent thin margins amplify the impact of small cost or price moves, limiting sustainable free cash and return generation and raising long-run earnings uncertainty.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Starcore’s exceptionally low debt load and improving equity base provide durable financial flexibility through commodity cycles. Low leverage reduces solvency risk, supports sustaining capital and working capital needs, and permits opportunistic spending without forcing distress financing.
Read all positive factors
Starcore International Mine (SAM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$67.01M
Dividend YieldN/A
Average Volume (3M)261.58K
Price to Earnings (P/E)20.3
Beta (1Y)2.82
Revenue Growth26.16%
EPS Growth-8.73%
CountryCA
Employees53
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.01
Shares Outstanding91,792,520
10 Day Avg. Volume223,982
30 Day Avg. Volume261,582
Financial Highlights & Ratios
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.1
Revenue Forecast (FY)C$26.02M
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 minin...
How the Company Makes Money
Starcore primarily makes money by producing and selling precious metals derived from its mining operations. Its key revenue stream is the sale of doré containing gold and silver to third-party buyers/refiners, with revenue recognized based on prev...
Starcore International Mine Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
71
Positive
| Breakdown | TTM | Apr 2025 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 42.23M | 32.16M | 28.33M | 25.68M | 26.80M | 24.82M |
| Gross Profit | 7.48M | 9.63M | 5.19M | 5.31M | 6.40M | 1.98M |
| EBITDA | 4.49M | 2.82M | 901.00K | 6.36M | 6.05M | 2.00M |
| Net Income | 3.13M | 215.00K | 1.63M | 2.40M | 2.89M | -3.63M |
Balance Sheet | ||||||
| Total Assets | 65.96M | 56.00M | 51.97M | 52.04M | 46.47M | 54.41M |
| Cash, Cash Equivalents and Short-Term Investments | 12.88M | 3.50M | 5.66M | 9.31M | 5.17M | 2.10M |
| Total Debt | 719.00K | 733.00K | 758.00K | 898.00K | 947.00K | 4.90M |
| Total Liabilities | 18.59M | 15.13M | 11.37M | 11.99M | 10.19M | 17.11M |
| Stockholders Equity | 47.37M | 40.87M | 40.60M | 40.05M | 36.28M | 37.30M |
Cash Flow | ||||||
| Free Cash Flow | 6.71M | -1.90M | -854.00K | 3.08M | 6.15M | -375.00K |
| Operating Cash Flow | 9.66M | 2.35M | 1.89M | 5.83M | 7.73M | 2.74M |
| Investing Cash Flow | -3.98M | -4.25M | -2.19M | -1.02M | -1.12M | -1.28M |
| Financing Cash Flow | 5.00M | -243.00K | -390.00K | -611.00K | -3.96M | -2.45M |
Starcore International Mine Technical Analysis
Negative
0.90
Price Trends
0.96
Negative
0.90
Negative
0.64
Positive
Market Momentum
-0.06
Negative
43.61
Neutral
47.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SAM, the sentiment is Negative. The current price of 0.9 is above the 20-day moving average (MA) of 0.75, below the 50-day MA of 0.96, and above the 200-day MA of 0.64, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 43.61 is Neutral, neither overbought nor oversold. The STOCH value of 47.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SAM.
Starcore International Mine Risk Analysis
Starcore International Mine disclosed 33 risk factors in its most recent earnings report. Starcore International Mine reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Starcore International Mine Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | C$67.01M | 20.29 | 7.08% | ― | 26.16% | -8.73% | |
46 Neutral | C$89.06M | -9.42 | -74.18% | ― | ― | 42.92% | |
45 Neutral | C$90.55M | -31.58 | -6.56% | ― | ― | 49.12% | |
44 Neutral | C$71.52M | 30.99 | -3.24% | ― | ― | -5360.00% | |
42 Neutral | C$42.12M | -5.93 | -164.92% | ― | ― | 72.34% |
* Basic Materials Sector Average
TSE:SAM
Starcore International Mine
0.73
0.53
270.56%
TSE:LEO
Lion Copper and Gold
0.33
0.21
175.00%
TSE:AZM
Azimut Exploration
0.71
0.22
44.90%
TSE:FSY
Forsys Metals
0.37
-0.16
-30.19%
TSE:NKG
Nevada King Gold Corp
0.21
-0.07
-25.00%
TSE:CRI
Churchill Resources Inc
0.14
0.13
1300.00%
Starcore International Mine Corporate Events
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Starcore Sells Non-Core Ajax Property and Forms Advisory Committee
Positive
Mar 24, 2026
Starcore International Mines has agreed to sell its 100%-owned Ajax Property in British Columbia’s Golden Triangle to private explorer Korestar Exploration, receiving 2.5 million Korestar shares, staged cash payments and work commitments, pl...
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsPrivate Placements and Financing
Starcore Spins Out Côte d’Ivoire Assets to EU Gold and Extends C$1 Million Loan
Positive
Mar 17, 2026
Starcore International Mines has completed the spin-out of its mineral property interests in Côte d’Ivoire to EU Gold Mines, issuing Starcore shareholders one EU Gold share for every two Starcore shares and valuing the distribution at $...
Business Operations and StrategyFinancial Disclosures
Starcore Returns to Full Production at San Martin, Lifts Q3 Earnings and Cash Flow
Positive
Mar 2, 2026
Starcore International Mines reported a strong third quarter to January 31, 2026, marking a return to full production at its San Martin mine in Mexico and driving significantly improved earnings from mining operations of $6.2 million for the quart...
Business Operations and StrategyFinancial Disclosures
Starcore boosts San Martin output as high-grade zones and recoveries improve
Positive
Feb 17, 2026
Starcore International Mines reported significantly improved third-quarter production at its San Martin mine in Mexico, following the resolution of earlier preg-robbing issues that had affected gold recoveries. Gold recoveries returned to normal l...
Business Operations and StrategyDelistings and Listing ChangesM&A Transactions
Starcore Spins Out African Assets to EU Gold, Refocuses on Mexican Mines
Positive
Feb 2, 2026
Starcore International Mines has secured court approval to complete the spin-out of its African mineral property assets into its wholly owned subsidiary, EU Gold Mining Inc., with the transaction becoming effective on February 6, 2026. Under the p...
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.