Salazar Resources Limited (TSE:SRL)
:SRL
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Salazar Resources
(SRL)
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Rating:46Neutral
Price Target:
C$0.18
▼(-23.48% Downside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by weak financial performance (no revenue, recurring losses, and persistent negative free cash flow), with additional pressure from bearish technical signals and an unattractive P/E. A debt-free balance sheet and mixed corporate updates (asset consolidation offset by El Domo cost/timeline slippage) provide only limited support.
Positive Factors
Debt-free balance sheet
A zero-debt balance sheet materially lowers refinancing and solvency risk, giving management flexibility to fund exploration via equity, joint ventures or internal cash. This structural conservatism preserves strategic optionality across multi-year asset development cycles.
Negative Factors
No revenue / recurring losses
The firm has not transitioned to a producing business: no revenue and repeated net losses erode equity over time and limit internal funding capacity. Persistently negative earnings constrain reinvestment and heighten reliance on external capital for project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt balance sheet materially lowers refinancing and solvency risk, giving management flexibility to fund exploration via equity, joint ventures or internal cash. This structural conservatism preserves strategic optionality across multi-year asset development cycles.
Read all positive factors
Salazar Resources (SRL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$48.94M
Dividend YieldN/A
Average Volume (3M)33.33K
Price to Earnings (P/E)131.5
Beta (1Y)1.26
Revenue GrowthN/A
EPS Growth73.94%
CountryCA
Employees225
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding264,523,600
10 Day Avg. Volume23,417
30 Day Avg. Volume33,330
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)2.27
Price to Sales (P/S)0.00
P/FCF Ratio-32.94
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
Salazar Resources Business Overview & Revenue Model
Company Description
Salazar Resources Limited, a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Latin America. The company primarily explores for copper, zinc, lead, gold, and silver, as well as v...
How the Company Makes Money
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Salazar Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -83.19K | -103.11K | -179.07K | -211.71K | -150.82K |
| EBITDA | -2.33M | -4.39M | -1.30M | -3.29M | 2.88M |
| Net Income | -2.13M | -4.64M | -5.68M | -3.90M | 2.73M |
Balance Sheet | |||||
| Total Assets | 25.42M | 22.38M | 23.83M | 29.27M | 29.18M |
| Cash, Cash Equivalents and Short-Term Investments | 1.99M | 636.65K | 609.30K | 2.17M | 3.72M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.08M | 270.42K | 459.26K | 619.62K | 401.92K |
| Stockholders Equity | 23.34M | 22.11M | 23.37M | 28.66M | 28.78M |
Cash Flow | |||||
| Free Cash Flow | -1.61M | -2.11M | -1.69M | -2.27M | -5.05M |
| Operating Cash Flow | -1.54M | -1.34M | -495.47K | 225.95K | -1.56M |
| Investing Cash Flow | -331.93K | -764.40K | -1.36M | -4.50M | -3.18M |
| Financing Cash Flow | 3.14M | 2.19M | 408.52K | 2.62M | 6.74M |
Salazar Resources Technical Analysis
Negative
0.23
Price Trends
0.21
Negative
0.20
Negative
0.17
Positive
Market Momentum
>-0.01
Negative
40.89
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SRL, the sentiment is Negative. The current price of 0.23 is above the 20-day moving average (MA) of 0.19, above the 50-day MA of 0.21, and above the 200-day MA of 0.17, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 40.89 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SRL.
Salazar Resources 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% | |
52 Neutral | C$76.47M | -2.52 | ― | ― | ― | ― | |
47 Neutral | C$66.91M | -6.53 | -47.08% | ― | ― | 33.33% | |
47 Neutral | C$51.46M | -105.70 | -1.96% | ― | ― | 5.26% | |
46 Neutral | C$48.94M | 131.54 | -9.43% | ― | ― | 73.94% | |
46 Neutral | C$35.44M | -128.63 | -1.60% | ― | ― | 88.42% | |
45 Neutral | C$43.80M | 7.33 | -10.21% | ― | -100.00% | -33.58% |
* Basic Materials Sector Average
TSE:SRL
Salazar Resources
0.19
0.11
131.25%
TSE:AAN
Aton Resources
0.60
0.42
233.33%
TSE:GMA
Geomega Resources
0.27
0.18
201.14%
TSE:RTG
RTG Mining
0.04
<0.01
16.67%
TSE:TK
Tinka Resources
0.39
0.14
54.00%
TSE:CNRI
Canadian North Resources, Inc.
0.31
-0.69
-69.00%
Salazar Resources Corporate Events
Business Operations and StrategyM&A Transactions
Salazar Resources Consolidates Ecuador Copper-Gold Assets, Retains Stake in El Domo Mine
Positive
Mar 18, 2026
Salazar Resources has completed the acquisition of Ecuadorian exploration subsidiaries from Silvercorp Metals, taking full ownership of the Santiago, Pijilí, Tarqui and Quimi copper-gold projects in exchange for granting Silvercorp a 1.5% net...
Business Operations and Strategy
Salazar Resources Lifts El Domo Budget to US$284 Million and Pushes Start-Up to Mid-2027
Negative
Feb 5, 2026
Salazar Resources reported a significant revision to the construction budget and timeline for the El Domo mine in Ecuador, with total capital costs now estimated at US$284 million, up US$44 million from the prior April 2025 estimate and modestly a...
Business Operations and StrategyExecutive/Board Changes
Salazar Resources Grants Equity Incentives to Directors and Officers
Positive
Jan 23, 2026
Salazar Resources Limited has granted stock options to its directors and officers to purchase up to 3,950,000 common shares at an exercise price of $0.25 per share for a five-year term, alongside issuing 522,000 restricted share units that will ve...
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.