Starr Peak Mining (STE) AI Stock Analysis

• Market Cap: C$28.85M
• Dividend Yield: N/A
• Average Volume (3M): 76.26K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.77
• Revenue Growth: N/A
• EPS Growth: 78.16%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 57,697,180
• 10 Day Avg. Volume: 121,217
• 30 Day Avg. Volume: 76,262
• PEG Ratio: 0.26
• Price to Book (P/B): 1.37
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -23.71
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: C$0.46 ▲(52.67% Upside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and negative cash flow), despite improving loss and cash-burn trends and a debt-free balance sheet. Technicals are supportive with bullish momentum, but overbought indicators add near-term risk. Valuation remains challenged due to unprofitable earnings and no dividend yield.

Positive Factors

Debt-free balance sheet

A debt-free balance sheet materially lowers financial risk and preserves flexibility to fund exploration through equity or JV structures. This durable capital structure reduces default risk, supports negotiation leverage with partners, and lengthens runway compared with leveraged peers.

Improving cash burn and losses

Material narrowing of losses and a clear improvement in free cash flow reflects tighter cost control and prioritization of programs. This trend enhances near-term runway and evidences management discipline, reducing the frequency or size of required financings if sustained over coming quarters.

Asset-driven exploration business model

A clear asset-monetization model (drilling to define value then JV/sell) aligns with industry norms for explorers. This structural pathway creates discrete value events tied to resource advancement and allows risk-sharing with partners, providing multiple routes to realize project value over time.

Negative Factors

No revenue and persistent net losses

Absence of operating revenue means the company cannot self-fund growth and remains fully financing-dependent. Persistent net losses extend timelines to break-even, amplify dilution risk from future raises, and make long-term viability contingent on exploration success or outside funding.

Ongoing negative operating and free cash flow

Sustained negative operating and free cash flow necessitate repeated capital raises or asset sales, constraining strategic choices. Continued cash burn increases dilution risk, limits ability to accelerate programs, and can pressure timelines for project advancement absent discovery-driven funding events.

Eroding equity base from cumulative losses

Declining equity reduces the balance-sheet cushion available to absorb further losses or fund development, impairing flexibility. Erosion of net assets can weaken bargaining power in JV negotiations and makes future financings more dilutive or expensive if not arrested by discovery or revenue generation.

Starr Peak Mining Business Overview & Revenue Model

Company Description

Starr Peak Mining Ltd., an exploration stage junior mining company, engages in the identification, acquisition, and exploration of mineral properties in Canada. The company explores for gold. It holds a 100% interest in NewMetal Property comprising 53 mineral claims covering an area of 1,420 hectares located in the northwestern Quebec. The company was formerly known as Starr Peak Exploration Ltd. and changed its name to Starr Peak Mining Ltd. in March 2021. Starr Peak Mining Ltd. was incorporated in 1981 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Starr Peak Mining Ltd. generates revenue through the exploration and development of mineral properties, which may lead to the discovery of commercially viable mineral deposits. Once these deposits are identified, the company can earn money by extracting and selling the minerals, primarily gold and other precious metals, to various buyers in the global market. Additionally, the company might form strategic partnerships, joint ventures, or sell its interests in mineral properties to other mining firms, thereby generating income. The success of these activities largely depends on the company's ability to efficiently manage exploration projects, accurately assess mineral reserves, and navigate market demand and commodity prices.

Starr Peak Mining Financial Statement Overview

Summary

Development-stage profile with no revenue reported and continued net losses plus negative operating/free cash flow. Positives include materially narrowed losses and reduced cash burn in the latest year, and a debt-free balance sheet with still-meaningful equity, but the core weakness remains lack of revenue and ongoing cash burn.

Income Statement

The company reports no revenue across the annual periods provided, while continuing to post operating and net losses each year. Losses have narrowed materially versus the very large 2021–2022 deficits (2025 annual net loss of about $1.0M vs. 2022 about $12.9M), which is a positive trajectory, but profitability remains firmly negative and the business has not yet demonstrated a revenue-generating model.

Balance Sheet

The balance sheet shows no debt in the periods provided, which materially reduces financial risk and provides flexibility. Equity remains sizable (about $14.5M in 2025 annual) and assets are relatively stable, but equity has declined from earlier peaks (notably from 2021), reflecting cumulative losses and ongoing value erosion without revenue support.

Cash Flow

Operating and free cash flow are consistently negative, indicating ongoing cash burn. The burn rate has improved substantially in the latest year (2025 annual free cash flow around -$0.84M vs. 2024 around -$1.23M and 2023 around -$4.22M), but cash generation remains insufficient and continued funding needs are likely if this pattern persists.

Breakdown	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00
EBITDA	-967.57K	-4.21M	-1.71M	-12.88M	-10.36M
Net Income	-967.57K	-4.21M	-1.72M	-12.88M	-10.36M
Balance Sheet
Total Assets	17.61M	17.01M	18.20M	17.82M	23.62M
Cash, Cash Equivalents and Short-Term Investments	611.23K	41.98K	1.11M	343.00K	5.31M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	3.07M	2.91M	638.00K	3.47M	1.94M
Stockholders Equity	14.54M	14.11M	17.56M	14.35M	21.67M
Cash Flow
Free Cash Flow	-837.74K	-1.23M	-4.22M	-11.19M	-6.18M
Operating Cash Flow	-837.74K	-1.23M	-4.22M	-11.14M	-6.08M
Investing Cash Flow	0.00	0.00	0.00	-50.00K	-100.00K
Financing Cash Flow	1.40M	158.87K	4.99M	6.23M	11.05M

Starr Peak Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.30
• 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:STE, the sentiment is Positive. The current price of 0.3 is below the 20-day moving average (MA) of 0.50, below the 50-day MA of 0.42, and below the 200-day MA of 0.38, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 55.52 is Neutral, neither overbought nor oversold. The STOCH value of 31.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:STE.

Starr Peak Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ELEC	54 Neutral	C$19.70M	-2.61	-53.71%	―	2549.43%	17.73%
STE	49 Neutral	C$28.85M	-26.74	-6.76%	―	―	78.16%
ELEF	49 Neutral	C$14.60M	0.77	-179.75%	―	―	15.69%
SRA	49 Neutral	C$27.59M	-70.00	16.97%	―	―	―
PSE	48 Neutral	C$20.48M	-5.85	-184.63%	―	―	-269.70%
TORQ	45 Neutral	C$20.44M	-1.01	―	―	―	-18.42%

Starr Peak Mining Corporate Events

Starr Peak Mining Adds Veteran Dealmaker PJ Murphy to Board and Issues Stock Options

Starr Peak Mining has appointed Peter (PJ) Murphy, a veteran executive with more than 25 years of experience across junior mining, healthcare and real estate, to its board of directors, while Reagan Glazier steps down. Murphy, who also serves as CEO of Forge Resources and advisor to Super Copper, brings capital markets expertise and an extensive investment network that could bolster Starr Peak’s deal-making and project development capabilities.

In connection with the board change, Starr Peak is granting 2,000,000 stock options to directors, officers, consultants and employees, exercisable over five years at $0.46 per share. The options package underscores the company’s use of equity-based incentives to align insiders with shareholders as it advances its strategy of acquiring and exploring high-potential gold and base metal assets in the Americas.

The most recent analyst rating on (TSE:STE) stock is a Hold with a C$0.46 price target. To see the full list of analyst forecasts on Starr Peak Mining stock, see the TSE:STE Stock Forecast page.

Starr Peak Mining Raises $850,000 in Private Placement for Exploration Push

Starr Peak Mining Ltd., a Canadian mineral exploration company focused on high-potential gold and base metal projects in the Americas, is positioning itself as a value creator through targeted acquisitions and exploration of precious and base metal deposits. The company’s strategy centers on advancing quality mineral assets to generate long-term returns for shareholders.

The company has closed a non-brokered private placement of 2,428,571 units at $0.35 per unit, raising gross proceeds of $850,000 to fund exploration, development activities, and general working capital. Each unit includes a common share and a warrant exercisable at $0.45 for 18 months, providing additional potential capital inflow and reflecting ongoing investor support for Starr Peak’s exploration plans, although the securities are subject to a regulatory hold period until mid-2026.

The most recent analyst rating on (TSE:STE) stock is a Hold with a C$0.58 price target. To see the full list of analyst forecasts on Starr Peak Mining stock, see the TSE:STE Stock Forecast page.