Zacatecas Silver Corp. (ZCTSF)

Zacatecas Silver Corp. (ZCTSF) — VMCI valuation read

Zacatecas Silver Corp. (ZCTSF) carries a VMCI composite of 36/100, 14 points below the Basic Materials sector median of 50. Among mid-cap names, that gap places ZCTSF in the bottom third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).

The ZCTSF insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.

**Investor frame.** Value reads ZCTSF trades at 16.0x earnings, 11% below the Basic Materials median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a Basic Materials 12.0x. Quality: ROIC of 18.0% sits 8.0pp above the Basic Materials median (10.0%). Risk: net debt to EBITDA of 2.6x is the rate-sensitivity line to watch, the line to track on Zacatecas Silver Corp.'s next 10-Q.

ZCTSF fell 3.8% over the trailing 7 days, with a +2.5% read on a 30-day basis.