Search Minerals Inc (TSE:SMY)
:SMY
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Search Minerals
(SMY)
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Rating:41Neutral
Price Target:
C$0.25
▼(-49.39% Downside)
Action:ReiteratedDate:04/29/26
The score is driven primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow), which outweighs the benefit of relatively modest leverage and an equity cushion. Technicals add modest pressure as the stock trades below key moving averages with a negative MACD. Valuation is constrained by unprofitability (negative P/E) and no indicated dividend yield.
Positive Factors
Balance sheet strength
Relatively low leverage and an equity-heavy balance sheet provide a tangible cushion for an exploration/development company. This financial headroom reduces near-term refinancing pressure and supports continued project studies and permitting over the next several months while revenue remains absent.
Negative Factors
No revenue / pre-commercial status
The absence of revenue means the company remains dependent on external capital and has no operating earnings base. This structural state elevates execution and financing risk: value hinges on successful project advancement and future monetization rather than current cash-generating operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Relatively low leverage and an equity-heavy balance sheet provide a tangible cushion for an exploration/development company. This financial headroom reduces near-term refinancing pressure and supports continued project studies and permitting over the next several months while revenue remains absent.
Read all positive factors
Search Minerals (SMY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$11.60M
Dividend YieldN/A
Average Volume (3M)34.51K
Price to Earnings (P/E)―
Beta (1Y)0.75
Revenue GrowthN/A
EPS Growth-15.68%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding44,611,217
10 Day Avg. Volume27,879
30 Day Avg. Volume34,512
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.86
Price to Sales (P/S)0.00
P/FCF Ratio-10.77
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)N/A
Revenue Forecast (FY)N/A
Search Minerals Business Overview & Revenue Model
Company Description
Search Minerals Inc. engages in the acquisition, evaluation, and exploration of mineral resource properties in Canada. It explores for rare earth elements. The company's flagship project is the Foxtrot project located in the St Lewis. Search Miner...
How the Company Makes Money
null...
Search Minerals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
64
Positive
Cash Flow
18
Very Negative
| Breakdown | Feb 2026 | Feb 2025 | Nov 2023 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -88.79K | -121.38K | 0.00 | -166.00K | -60.63K |
| EBITDA | -825.11K | -399.00K | -1.29M | -1.41M | -1.97M |
| Net Income | -1.39M | -643.00K | -1.54M | -1.57M | -2.08M |
Balance Sheet | |||||
| Total Assets | 32.33M | 30.37M | 29.47M | 29.29M | 21.65M |
| Cash, Cash Equivalents and Short-Term Investments | 1.43M | 456.30K | 7.29K | 457.54K | 1.62M |
| Total Debt | 4.16M | 1.57M | 386.18K | 80.00K | 80.00K |
| Total Liabilities | 7.85M | 5.21M | 3.80M | 2.35M | 802.98K |
| Stockholders Equity | 24.48M | 25.16M | 25.67M | 26.94M | 20.84M |
Cash Flow | |||||
| Free Cash Flow | -1.94M | -657.04K | 212.29K | -2.11M | -5.38M |
| Operating Cash Flow | -489.12K | -436.56K | 221.58K | -1.75M | -1.84M |
| Investing Cash Flow | -1.65M | -389.42K | -1.11M | -7.03M | -3.54M |
| Financing Cash Flow | 3.12M | 1.27M | 435.06K | 7.62M | 6.90M |
Search Minerals 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% | |
45 Neutral | C$13.76M | -2.74 | -26.61% | ― | ― | -10.86% | |
45 Neutral | C$14.88M | -7.77 | -92.01% | ― | ― | -60.26% | |
43 Neutral | C$15.89M | -42.75 | -22.36% | ― | ― | -62.07% | |
42 Neutral | C$13.29M | -4.22 | -34.77% | ― | ― | 31.15% | |
41 Neutral | C$11.60M | -24.26 | -6.20% | ― | ― | -15.68% |
* Basic Materials Sector Average
TSE:SMY
Search Minerals
0.26
0.06
30.00%
TSE:LIT
Argentina Lithium & Energy
0.10
0.02
25.00%
TSE:MTS
Metallis Resources
0.16
-0.02
-11.11%
TSE:WLF
Wolfden Resources
0.08
0.02
23.08%
TSE:ULTH
United Lithium
0.20
0.06
42.86%
Search Minerals Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Search Minerals Refinances Indigenous Partner Debt via New Convertible Note
Neutral
Apr 13, 2026
Search Minerals has issued an unsecured convertible note for $367,562 to its Indigenous partner, the NunatuKavut Community Council, in a non-cash transaction that refinances and consolidates existing debt. The new note replaces a prior 2024 instru...
Business Operations and Strategy
Search Minerals Expands Rare Earth Potential Around Foxtrot-Deep Fox Hub
Positive
Mar 19, 2026
Search Minerals reported results from its 2025 channel sampling program at the Fox Run, Foxy Lady, Krazy Fox and Silver Fox prospects in southeastern Labrador, showing rare earth grades and widths at Fox Run that are comparable to the Foxtrot open...
Business Operations and StrategyPrivate Placements and Financing
Search Minerals Uses Shares-for-Debt Deals to Cut Liabilities and Preserve Cash
Positive
Feb 20, 2026
Search Minerals has entered into additional shares-for-debt deals with certain creditors, agreeing to settle about $395,000 of obligations by issuing roughly 791,000 common shares at $0.50, a move aimed at conserving cash and bolstering its balanc...
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.