Salazar Resources Limited (TSE:SRL)
:SRL
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Salazar Resources
(SRL)
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Rating:49Neutral
Price Target:
C$0.23
▲(1.74% Upside)
Action:ReiteratedDate:04/26/26
The score is held down primarily by weak fundamentals (no revenue, persistent losses, and ongoing negative free cash flow), only partly mitigated by a debt-free balance sheet. Technicals are supportive with price above key moving averages and positive MACD, but valuation is unattractive with a very high P/E and no dividend yield provided.
Positive Factors
Debt-free balance sheet
Zero reported debt materially reduces refinancing and solvency risk for an exploration company. This structural strength lengthens operational runway, lowers fixed obligations, and gives management flexibility to pursue drilling, partnerships or selective capital raises without immediate debt pressure.
Negative Factors
No revenue
Absence of operating revenue means the business is reliant on financing and asset monetization rather than internal cash generation. Over a multi‑quarter horizon this weakens self‑funding prospects, increases dilution risk and limits ability to demonstrate commercial viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt materially reduces refinancing and solvency risk for an exploration company. This structural strength lengthens operational runway, lowers fixed obligations, and gives management flexibility to pursue drilling, partnerships or selective capital raises without immediate debt pressure.
Read all positive factors
Salazar Resources (SRL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$62.16M
Dividend YieldN/A
Average Volume (3M)33.33K
Price to Earnings (P/E)131.5
Beta (1Y)1.09
Revenue GrowthN/A
EPS Growth57.00%
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
Salazar Resources generates revenue primarily through the exploration and development of mineral assets. The company engages in activities such as identifying mining prospects, conducting studies to assess the feasibility of mineral extraction, an...
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
Neutral
0.23
Price Trends
0.20
Negative
0.20
Negative
0.18
Positive
Market Momentum
>-0.01
Negative
49.15
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SRL, the sentiment is Neutral. The current price of 0.23 is above the 20-day moving average (MA) of 0.19, above the 50-day MA of 0.20, and above the 200-day MA of 0.18, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.15 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
57 Neutral | C$82.87M | -105.70 | -1.96% | ― | ― | 1.64% | |
52 Neutral | C$66.28M | -2.52 | ― | ― | ― | -21.76% | |
49 Neutral | C$62.16M | 131.54 | -9.43% | ― | ― | 57.00% | |
47 Neutral | C$95.59M | -6.53 | -47.08% | ― | ― | 49.21% | |
46 Neutral | C$33.15M | -128.63 | -1.60% | ― | ― | 88.42% | |
45 Neutral | C$47.94M | 7.33 | -10.21% | ― | 1377.61% | 78.99% |
* Basic Materials Sector Average
TSE:SRL
Salazar Resources
0.24
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46.87%
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Salazar Resources Corporate Events
Business Operations and Strategy
Salazar Elevates Monja as Cornerstone Copper-Gold Asset in Ecuador
Positive
Apr 8, 2026
Salazar Resources has designated its 100%-owned Monja copper-gold project in Ecuador’s Loja Province as a cornerstone asset after baseline geological work across its portfolio highlighted the property’s potential. The project spans 9,0...
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...
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.