FRC
FRC Logo
Sign InGet Access

Connect With Us

Stay updated with our latest research and insights

Fundamental Research Corp Logo

Highly ranked equity research firm providing institutional grade tools and analysis to all investors worldwide. Trusted by global investors for over 20+ years.

20+ Years
Rate us on TrustpilotLeave a review

Policies

  • Privacy Policy
  • Terms of Service
  • Disclaimer

Company

  • About Us
  • Our Team
  • Contact Us
  • Leave a Review

Resources

  • Videos
  • Research Reports
  • Community
  • FAQ
  • How to use FRC

Browse

  • Stock Directory
  • Stock Screener
  • Market Intel Weekly
  • Report Archive

Trackers

  • Congress Trading
  • Senate Trading
  • Congress Net Worth
  • Commodities

© 2026 Fundamental Research Corp. All Rights Reserved.

Professional investment research since 2003

Home
Research
Get Access
Sign In
Company ProfileBayhorse Silver Inc.
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
  • Discussion
BHS.V
Bayhorse Silver Inc. Stock AnalysisComprehensive stock analysis for Bayhorse Silver Inc. (BHS.V) including live price, Snowflake performance metrics, financial statements, and investment research.Stock AnalysisBHS.V
BHS.V
Bayhorse Silver Inc.
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
  • Discussion
BHS.V
Home🔹Stocks🔹Bayhorse Silver Inc.

Bayhorse Silver Inc.

FRC Coverage
🇨🇦BHS.V•TSXV

Bayhorse Silver Inc.

FRC Coverage
🇨🇦BHS.V•TSXV
Sentiment

Your view on BHS.V

Sentiment
Your view
Company Overview

Overview

What the company does, where it operates, and who runs it.

*Bayhorse Silver Inc. has paid FRC a fee for research coverage and distribution of reports.

About Bayhorse Silver Inc.

Industry
Industrial Materials
Sector
Basic Materials
CEO
Graeme James O'Neill
Headquarters
2501-4398 Buchanan Street, Burnaby, BC, CA
Industry
Industrial Materials
Sector
Basic Materials
CEO
Graeme James O'Neill
Headquarters
2501-4398 Buchanan Street, Burnaby, BC, CA
Description

Bayhorse Silver Inc., a junior natural resource company, engages in the acquisition, exploration, and development of natural resource properties. It explores for silver, gold, zinc, copper, antimony, lead, and other metals. The company holds a 100% interest in the Bayhorse Silver Mine Property located in Baker County, Oregon.

It also holds an option agreement to acquire an 80% interest in the Brandywine project located in British Colombia. The company was formerly known as Kent Exploration Inc. and changed its name to Bayhorse Silver Inc. in December 2013. Bayhorse Silver Inc. was incorporated in 2004 and is headquartered in Burnaby, Canada.

FRC Research
Buy
Fair Value Estimate
CAD$0.21

Near-Term Silver Production with Potential for Other Critical Minerals in the U.S. - Resuming Coverage

Report · Apr 2, 2026

Sign in to view

FRC Research
Buy
Fair Value Estimate
CAD$0.21

Near-Term Silver Production with Potential for Other Critical Minerals in the U.S. - Resuming Coverage

Report · Apr 2, 2026

Sign in to view

FRC Research

Research Reports

FRC analyst coverage and recommendations.

Past Reports

Historical coverage archive.

Analyst Notes

Ongoing commentary and updates from FRC analysts.

Media

Infographics, videos, and posts covering the company.

Financial Data

Stock Data

Price chart, volume, and trading data.

Fair Value

What FRC thinks it is worth vs. the current price.

FRC's fair value estimate for Bayhorse Silver Inc., and the rating behind it. BHS.V last traded at C$0.07; the estimate is read against that market price. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.

Financial Ratios

Profitability, returns, valuation, and leverage ratios.

Valuation, profitability, liquidity and leverage ratios for Bayhorse Silver Inc.. Starting points for Bayhorse Silver Inc.: EPS -C$0.03, beta 2.23 — an Industrial Materials name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.

Dividend Analysis

Yield, payout ratio, and dividend coverage metrics.

Dividend history, yield and payout sustainability for Bayhorse Silver Inc.. Bayhorse Silver Inc. does not currently pay a regular dividend, so this section tracks capacity rather than history. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.

Earnings Analysis

EPS history, beat rate, and upcoming earnings reports.

Reported vs. expected earnings history for Bayhorse Silver Inc.. Trailing twelve-month EPS for Bayhorse Silver Inc. stands at -C$0.03. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.

Financial Statements

Income statement, balance sheet, and cash flow statements.

Income statement, balance sheet and cash flow history for Bayhorse Silver Inc.. Bayhorse Silver Inc. has reported as a listed company since 2006. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.

Peer Comparison

Comparables

List of peer companies in the same industry.

Bayhorse Silver Inc. valued side by side against its closest peers. Bayhorse Silver Inc. is measured against Industrial Materials peers within the Basic Materials sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.

Ownership & News

Institutional Ownership

Premium

Which funds and firms own the stock.

Which institutions hold Bayhorse Silver Inc., and how their positions are changing. At a C$25.8M market value, institutional positions materially move Bayhorse Silver Inc.'s register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.

Insider Trading

Premium

Recent buying and selling by company executives.

Buying and selling by Bayhorse Silver Inc. executives and directors. Shares of Bayhorse Silver Inc. have traded between C$0.04 and C$0.09 over the past 52 weeks — context for the timing of the transactions below. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.

Senate Trading

Premium

U.S. Senator disclosures filed under the STOCK Act.

U.S. Senate disclosures naming Bayhorse Silver Inc.. Bayhorse Silver Inc. is a C$25.8M Basic Materials company. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.

House Trading

Premium

U.S. Representative disclosures filed under the STOCK Act.

U.S. House of Representatives disclosures naming Bayhorse Silver Inc.. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.

News

Latest headlines and market coverage.

Latest headlines and company announcements for Bayhorse Silver Inc.. Coverage tracks Bayhorse Silver Inc. within Industrial Materials (Basic Materials). Press releases and market coverage, newest first.

Discussion

Comments

Comments and replies from FRC members about this company.

Peer companies

  • CD.VCantex Mine Development Corp.
  • DAU.VDesert Gold Ventures Inc.
  • GGI.VGaribaldi Resources Corp.
  • INTR.VIntrepid Metals Corp.
  • NAM.VNew Age Metals Inc.
  • NBY.VNiobay Metals Inc.
  • STE.VStarr Peak Mining Ltd.

More Industrial Materials companies

  • URPLFNew Klondike Exploration Ltd.
  • USA.TOAmericas Gold and Silver Corporation
  • USARUSA Rare Earth Inc
  • USASAmericas Gold and Silver Corporation
  • USC.AXUS1 Critical Minerals Limited
  • USCMFUS Critical Metals Corp.
  • USGOU.S. GoldMining Inc.
  • USLI.CNAmerican Salars Lithium Inc.
  • UURAFUcore Rare Metals Inc.
  • UX.CNPuranium Energy Ltd.
  • VALEVale S.A.
  • VANTFVantex Resources Ltd.

Research Reports

1 report

*Bayhorse Silver Inc. has paid FRC a fee for research coverage and distribution of reports.

Apr 2, 2026

Near-Term Silver Production with Potential for Other Critical Minerals in the U.S. - Resuming Coverage

Bayhorse Silver Inc. plans to restart production in 2027, targeting 500,000 oz of silver annually, with significant resource expansion potential.

Thumbnail for Near-Term Silver Production with Potential for Other Critical Minerals in the U.S. - Resuming Coverage
1 report
Nov 13, 2018

Maiden Resource Estimate Confirms Very High Grade Silver

PDF
4 notes

*Bayhorse Silver Inc. has paid FRC a fee for research coverage and distribution of reports.

Oct 19, 2026· 1 week agoLatest

Company announcement

Expands Silver Mineralization as Production Restart Approaches

FRC Analyst's Comment

BHS reported that four drill holes expanded the known mineralized zone at its historic Bayhorse mine in Oregon. The mine hosts an inferred resource of 6.3 Moz of silver grading 742.5 g/t, well above the sub-200 g/t grades at which most silver mines operate. We believe the new drilling could support further resource expansion, although assays are pending. The company believes additional silver mineralization may have been displaced north of the currently identified mineralized zone, and plans to test the area through surface drilling, subject to permitting.

BHS owns a fully permitted mill in Idaho, just 64 km from the Bayhorse mine, avoiding the significant upfront cost of building new processing infrastructure, a major hurdle for many miners. Management expects to secure an operating permit in 2027, targeting a production restart later that year.

Initial production is planned at 100 tonnes per day, with potential annual output of ~500,000 oz of silver, equivalent to ~$40M in annual revenue at current silver prices, compared with BHS’s current MCAP of just $21M. Silver miners typically trade at 4.5x revenue, suggesting significant potential valuation upside as BHS approaches production.

Apr 20, 2026· 6 months ago

Company announcement

Announces a $4M private placement

FRC Analyst's Comment

Proceeds will fund exploration and development of the Bayhorse silver mine, and the Pegasus porphyry copper project, in the U.S. The Bayhorse mine is a historic silver producer, with a nearby mill, eliminating the need for the high upfront capital required to build new infrastructure, often a major challenge for miners. The mine hosts an independently verified NI 43-101 compliant inferred resource of 6.3 Moz of silver at an average grade of 673 g/t, which is exceptionally high compared with most silver mines, which typically operate below 200 g/t.

Management expects an operating permit in early 2027, with production potentially restarting within the same year. Initial output is planned at 100 tonnes per day, with potential annual production of ~500,000 oz of silver, implying ~$50M in revenue at the current silver spot price of $80/oz. We note that BHS is trading at 0.5x forward revenue, significantly below the 3.7x average of junior silver producers.

Apr 13, 2026· 6 months ago

Company announcement

Bulk sample marks key de-risking step toward potential production

FRC Analyst's Comment

BHS has collected a 25-ton bulk sample from its Bayhorse silver mine in Oregon, to test how material performs under real mining and processing conditions. The program is aimed at de-risking the project for potential production, by simulating mining, milling, and flotation.

What we will be watching from this program are recovery rates, concentrate grades, and whether the metallurgy supports consistent, scalable processing. If results are positive, they would significantly strengthen the case for restarting mining. Management expects an operating permit in early 2027, allowing production to restart within the year. Initial production is planned at 100 tpd, with potential annual output of ~500,000 oz of silver, implying ~$22M revenue at $35/oz, and ~$48M at $75/oz silver (spot price: $79/oz). We note that BHS is trading at 1.5x forward revenue, significantly below the 3.7x average of junior silver producers.

    1
  • 1
  • 2

News

Latest Market News

No comments yet

Be the first to ask a question or say what you make of Bayhorse Silver Inc.