Assessing Heliostar Metals (TSXV:HSTR) Valuation After 2026 Production Guidance And Investor Forum Spotlight
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Heliostar Metals (TSXV:HSTR) has put fresh numbers on the table, guiding 2026 production to 50,000 to 55,000 ounces of gold, and is following up with a presentation at the Metals Investor Forum in Vancouver.
See our latest analysis for Heliostar Metals.
Those 2026 production plans and the upcoming Metals Investor Forum appearance are landing after a strong run, with a recent 90 day share price return of 82.84% and a 1 year total shareholder return above 4x. This suggests momentum has been building as investors reassess both growth potential and risk.
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With production guidance now public and the share price already up sharply over the past year, the key question is whether Heliostar is still trading at a discount or if the market is already pricing in future growth.
Heliostar is trading on a P/E of 19.8x, and that sits against a last close of CA$3.09 and a share price that has already moved sharply over the past year.
P/E compares the current share price to the company’s earnings per share, so a higher P/E generally reflects higher expectations for future profitability. For a metals and mining name that has only recently become profitable, this kind of multiple often signals that the market is watching future execution closely rather than focusing only on the latest reported numbers.
Relative to the broader Canadian Metals and Mining industry P/E of 27.8x, Heliostar’s 19.8x is lower, which points to a cheaper earnings multiple than the sector average. At the same time, it screens as expensive when lined up against its peer group average P/E of 24.8x in absolute value terms, so investors are getting a mixed picture depending on which comparison they focus on.
See what the numbers say about this price — find out in our valuation breakdown.
Result: Price-to-earnings of 19.8x (ABOUT RIGHT)
However, you also have to weigh the company’s early stage production profile and its focus on a single flagship project in Guerrero, Mexico, which concentrates operational and jurisdictional risk.
Find out about the key risks to this Heliostar Metals narrative.
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