Professional
Added to YB: 2026-09-17
Pitch date: 2026-02-17
FISH.V [bullish]
Sailfish Royalty Corp.
+86.04%
current return
Author Info
Atrium Research provides institutional quality research on underfollowed public equities. Sign up for the newsletter.
Company Info
Sailfish Royalty Corp. engages in the acquisition of precious metals royalty and streaming agreements.
Market Cap
CAD 443.3M
Pitch Price
CAD 4.28
Price Target
5.25 (-34%)
Dividend
2.67%
EV/EBITDA
550.76
P/E
3.18
EV/Sales
59.85
Sector
Metals and Mining
Category
special_situation
Sailfish Royalty – Restructuring Mt. Hamilton Stream; Increasing Target Price
FISH.V: The target rises to C$5.25 from C$4.25, implying 16% upside, after the Mt. Hamilton restructuring and higher commodity-price assumptions in the valuation model. The asset’s NPV5 increases by about $1M, and Mako may satisfy deliveries with refined gold from any source, decoupling Sailfish’s cash flow from the project’s development timeline, construction risk and operating performance; the tradeoff is termination of the 2% life-of-mine NSR and its longer-term upside.
Read full article (3 min)