Zacatecas Silver (TSE:ZAC)
:ZAC
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Zacatecas Silver
(ZAC)
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Rating:48Neutral
Price Target:
C$0.11
▼(-0.91% Downside)
Action:DowngradedDate:01/27/26
The score is primarily held back by a development-stage financial profile with no revenue, ongoing losses, and persistent cash burn (continued funding risk). This is partially offset by a strong, debt-free balance sheet and some improvement in cash outflows versus last year. Technicals are neutral-to-cautious with muted momentum, while valuation is constrained by a negative P/E and no dividend support.
Positive Factors
Debt-free balance sheet
Zero reported debt meaningfully reduces solvency and default risk for an exploration junior. This structural strength preserves optionality to pursue staged drilling, JVs, or M&A without immediate liquidity stress, improving resilience over a multi-month horizon.
Negative Factors
No operating revenue
Absence of operating revenue and recurring net losses mean the company cannot self-fund activities. Reliance on financing or one-off items makes capital availability the primary risk, constraining project advancement until assets transition to commercial production.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt meaningfully reduces solvency and default risk for an exploration junior. This structural strength preserves optionality to pursue staged drilling, JVs, or M&A without immediate liquidity stress, improving resilience over a multi-month horizon.
Read all positive factors
Zacatecas Silver (ZAC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$16.70M
Dividend YieldN/A
Average Volume (3M)866.44K
Price to Earnings (P/E)―
Beta (1Y)1.76
Revenue GrowthN/A
EPS Growth-134.18%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustrySilver
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding208,803,000
10 Day Avg. Volume466,212
30 Day Avg. Volume866,438
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.19
Price to Sales (P/S)0.00
P/FCF Ratio-2.80
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
Zacatecas Silver Business Overview & Revenue Model
Company Description
Zacatecas Silver Corp. engages in the acquisition, exploration, and evaluation of mineral properties in Mexico. The company explores for silver and gold resources. It owns 100% interests in the Zacatecas project, which covers as area of 7,826 hect...
How the Company Makes Money
Zacatecas Silver makes money primarily through the extraction and sale of silver. The company generates revenue by exploring and developing mineral-rich properties, extracting silver, and selling it on the global market. Key revenue streams includ...
Zacatecas Silver Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -14.72K | -34.98K | -60.44K | -58.30K | -18.81K | 0.00 |
| EBITDA | -3.54M | -3.52M | 7.95M | -12.73M | -6.89M | -1.13M |
| Net Income | -3.06M | -3.56M | 7.89M | -11.49M | -6.91M | -1.13M |
Balance Sheet | ||||||
| Total Assets | 50.55M | 47.22M | 47.51M | 48.52M | 5.66M | 12.08M |
| Cash, Cash Equivalents and Short-Term Investments | 2.76M | 6.72K | 12.97K | 1.11M | 2.58M | 796.57K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 10.24M | 10.89M | 9.80M | 22.62M | 340.59K | 10.52M |
| Stockholders Equity | 40.30M | 36.33M | 37.71M | 25.91M | 5.32M | 1.56M |
Cash Flow | ||||||
| Free Cash Flow | -1.86M | -2.41M | -4.80M | -19.53M | -6.95M | -1.08M |
| Operating Cash Flow | -1.86M | -2.41M | -4.80M | -12.09M | -4.96M | -804.41K |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | -7.22M | -2.19M | -278.08K |
| Financing Cash Flow | 4.63M | 2.41M | 3.43M | 17.89M | 363.65K | 10.39M |
Zacatecas Silver Technical Analysis
Neutral
0.11
Price Trends
0.09
Negative
0.11
Negative
0.09
Negative
Market Momentum
>-0.01
Negative
45.76
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ZAC, the sentiment is Neutral. The current price of 0.11 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.09, and above the 200-day MA of 0.09, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.76 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:ZAC.
Zacatecas Silver Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | C$1.02B | 20.50 | 49.53% | ― | 21.03% | -48.39% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$29.89M | 3.41 | 18.51% | ― | ― | ― | |
52 Neutral | C$82.92M | -34.68 | -11.17% | ― | 52.70% | 60.33% | |
50 Neutral | C$165.76M | -7.89 | -27.47% | ― | ― | 49.02% | |
48 Neutral | C$16.70M | -5.36 | -7.84% | ― | ― | -134.18% | |
46 Neutral | C$451.44M | -8.58 | -108.87% | ― | 5.58% | 50.96% |
* Basic Materials Sector Average
TSE:ZAC
Zacatecas Silver
0.08
0.02
23.08%
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0.44
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248.00%
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0.49
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169.44%
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443.63%
TSE:GSVR
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TSE:IPT
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0.24
0.04
20.00%
Zacatecas Silver Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Zacatecas Silver Targets 2026 Growth with New Drilling and Improved Mexican Permitting Climate
Positive
Jan 8, 2026
Zacatecas Silver has outlined a revitalized operational plan for 2026 following a year of strategic repositioning in 2025 that included a corporate rebranding, completion of strategic financings, and finalization of a new drill program at its Zaca...
Business Operations and Strategy
Zacatecas Silver Secures Land Access for Key Drill Program in Mexico
Positive
Nov 13, 2025
Zacatecas Silver Corp. has finalized land access agreements for its upcoming drill program at the El Cristo Target, part of its flagship Zacatecas Silver Project in Mexico. These agreements, achieved through community collaboration, enable the com...
Business Operations and Strategy
Zacatecas Silver Secures Key Agreements to Advance Drilling at Zacatecas Silver Project
Positive
Nov 11, 2025
Zacatecas Silver Corp. has secured a community access agreement with Ejido Panuco for its Zacatecas Silver Project, enabling the company to proceed with drilling permit applications. Additionally, the company signed a drill contract with Major Dri...
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.