Zacatecas Silver (TSE:ZAC)
:ZAC
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Zacatecas Silver
(ZAC)
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Rating:46Neutral
Price Target:
C$0.07
▼(-32.73% Downside)
Action:Reiterated
Date:05/02/26
The score is primarily constrained by weak financial performance (no revenue, recurring losses, and consistently negative operating/free cash flow despite a debt-free balance sheet). Technicals also lean bearish with the stock trading below major moving averages, while valuation inputs are not supportive due to negative earnings and no dividend data.
Positive Factors
Debt-free balance sheet
Zero reported debt materially reduces refinancing and solvency risk for an exploration firm, preserving optionality. With equity rising and assets near $49.9M, the company can fund exploration programs and withstand commodity cycles longer without immediate pressure to service interest, supporting multi‑month project advancement.
Negative Factors
No revenue and recurring losses
Absence of operating revenue means Zacatecas Silver cannot internally fund exploration or convert expenses into cash inflows, forcing reliance on external financing. Over months this limits autonomy in scheduling programs, increases execution risk, and prolongs the timeline to any self‑sustaining operations or project monetization.
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 firm, preserving optionality. With equity rising and assets near $49.9M, the company can fund exploration programs and withstand commodity cycles longer without immediate pressure to service interest, supporting multi‑month project advancement.
Read all positive factors
Zacatecas Silver (ZAC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$15.91M
Dividend YieldN/A
Average Volume (3M)866.44K
Price to Earnings (P/E)―
Beta (1Y)1.83
Revenue GrowthN/A
EPS Growth24.61%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustrySilver
Share Statistics
EPS (TTM)-0.03
Shares Outstanding212,180,630
10 Day Avg. Volume466,212
30 Day Avg. Volume866,438
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)0.64
Price to Sales (P/S)0.00
P/FCF Ratio-9.42
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 does not operate producing mines and, as an exploration-stage company, does not typically generate recurring revenue from metal sales. Detailed, company-specific revenue sources (e.g., property option payments received, royalties,...
Zacatecas Silver Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
66
Positive
Cash Flow
27
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -27.96K | -34.98K | -60.44K | -58.30K | -18.81K |
| EBITDA | -2.99M | -3.52M | 7.95M | -12.73M | -6.89M |
| Net Income | -4.17M | -3.56M | 7.89M | -11.49M | -6.91M |
Balance Sheet | |||||
| Total Assets | 49.87M | 47.22M | 47.51M | 48.52M | 5.66M |
| Cash, Cash Equivalents and Short-Term Investments | 2.43M | 6.72K | 12.97K | 1.11M | 2.58M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 11.52M | 10.89M | 9.80M | 22.62M | 340.59K |
| Stockholders Equity | 38.35M | 36.33M | 37.71M | 25.91M | 5.32M |
Cash Flow | |||||
| Free Cash Flow | -2.62M | -2.41M | -4.80M | -19.53M | -6.95M |
| Operating Cash Flow | -2.62M | -2.41M | -4.80M | -12.09M | -4.96M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | -7.22M | -2.19M |
| Financing Cash Flow | 5.04M | 2.41M | 3.43M | 17.89M | 363.65K |
Zacatecas Silver Technical Analysis
Neutral
0.11
Price Trends
0.08
Positive
0.10
Negative
0.10
Negative
Market Momentum
>-0.01
Negative
49.16
Neutral
100.00
Negative
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 0.08, and above the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.16 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | C$120.93M | 1.97 | 1.82% | ― | 84.98% | ― | |
70 Outperform | C$1.04B | 7.04 | 33.35% | ― | 17.40% | -74.00% | |
57 Neutral | C$30.20M | -15.43 | 18.51% | ― | ― | 160.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | C$169.34M | -7.89 | -27.47% | ― | ― | 67.17% | |
46 Neutral | C$15.91M | -3.26 | -7.84% | ― | ― | 24.61% | |
44 Neutral | C$443.30M | -3.33 | -212.48% | ― | 6.36% | -45.99% |
* General Sector Average
TSE:ZAC
Zacatecas Silver
0.08
<0.01
7.14%
TSE:EXN
Excellon Resources
0.45
0.31
221.43%
TSE:MSV
Minco Silver
0.48
0.26
115.91%
TSE:SCZ
Santacruz Silver Mining
11.03
8.47
330.86%
TSE:GSVR
Guanajuato Silver Company
0.57
0.39
225.71%
TSE:IPT
IMPACT Silver
0.33
0.15
83.33%
Zacatecas Silver Corporate Events
Business Operations and Strategy
Zacatecas Silver Begins 2026 Drilling at El Cristo After Hitting Mineralized Vein in First Hole
Positive
Apr 1, 2026
Zacatecas Silver has launched its 2026 diamond drilling campaign at the El Cristo Project in Mexico’s Zacatecas Mining District, completing the first hole to 117 metres and intersecting a mineralized brecciated vein between 89 and 108 metres...
Business Operations and Strategy
Zacatecas Silver’s El Cristo Sampling Returns High-Grade Silver Equivalents for Drill Targeting
Positive
Mar 26, 2026
Zacatecas Silver reported assay results from 124 rock-chip grab samples collected from waste dumps around 11 shallow historical shafts at its El Cristo project in Mexico. The work targeted multiple veins over roughly 1.2 to 1.5 kilometers of strik...
Business Operations and Strategy
Zacatecas Silver Launches New Drilling Phase at El Cristo Target in Mexico
Positive
Mar 23, 2026
Zacatecas Silver Corp. has mobilized a drill crew and diamond drill rig from contractor Major Drilling to the El Cristo target at its wholly owned Zacatecas Silver Project in Zacatecas State, Mexico, marking the start of an active new exploration ...
Business Operations and StrategyRegulatory Filings and Compliance
Zacatecas Silver Wins El Cristo Drill Permit, Sets 2026 Resource-Growth Campaign
Positive
Mar 23, 2026
Zacatecas Silver has secured an environmental drill permit from Mexican regulator SEMARNAT for the El Cristo vein system at its wholly owned Zacatecas Silver Project, clearing the way for a fully funded 4,000‑metre drill program in 2026. The...
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.