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Azimut Exploration
(AZM)
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Rating:54Neutral
Price Target:
C$0.61
▲(7.37% Upside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by weak operating performance and ongoing cash burn despite a strong, low-debt balance sheet. Technicals also remain bearish with price below key moving averages and negative MACD. A low P/E supports the valuation, but earnings quality concerns and lack of dividend data temper the benefit.
Positive Factors
Low Leverage / Strong Balance Sheet
Azimut’s extremely low leverage and growing equity/assets provide durable financial flexibility. Minimal debt reduces default and refinancing risk for an exploration company that relies on periodic financings or partner deals, supporting sustained project funding optionality.
Negative Factors
Negative Operating and Free Cash Flow
Persistent negative operating and free cash flow signal the company is not internally funding exploration or corporate costs. Over months this forces reliance on equity financings or partner deals; frequent external raises can dilute shareholders and constrain long-term project control.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Balance Sheet
Azimut’s extremely low leverage and growing equity/assets provide durable financial flexibility. Minimal debt reduces default and refinancing risk for an exploration company that relies on periodic financings or partner deals, supporting sustained project funding optionality.
Read all positive factors
Azimut Exploration (AZM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$58.45M
Dividend YieldN/A
Average Volume (3M)72.69K
Price to Earnings (P/E)6.5
Beta (1Y)1.10
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees11
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.09
Shares Outstanding100,779,310
10 Day Avg. Volume49,963
30 Day Avg. Volume72,690
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.21
Price to Sales (P/S)188.37
P/FCF Ratio-8.86
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
Azimut Exploration Business Overview & Revenue Model
Company Description
Azimut Exploration Inc. is dedicated to identifying, acquiring, and assessing mineral resource opportunities throughout Canada. The company's exploration activities encompass a broad spectrum of valuable elements, including gold, copper, zinc, sil...
How the Company Makes Money
Azimut Exploration primarily makes money through an exploration “project generator” model rather than from mineral production. Key revenue and funding sources typically include: (1) Option and earn-in agreements (joint ventures): Azimut stakes and...
Azimut Exploration Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
82
Very Positive
Cash Flow
34
Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 331.08K | 363.20K | 443.58K | 139.56K | 107.44K | 314.59K |
| Gross Profit | 238.97K | 262.33K | 307.77K | 60.05K | 45.45K | 254.23K |
| EBITDA | -2.50M | -3.29M | -886.00K | -1.74M | -1.70M | -1.49M |
| Net Income | 9.25M | -2.48M | 42.59K | -1.83M | 1.62M | -551.00K |
Balance Sheet | ||||||
| Total Assets | 75.06M | 65.89M | 57.66M | 46.67M | 54.21M | 51.86M |
| Cash, Cash Equivalents and Short-Term Investments | 4.10M | 13.64M | 11.77M | 3.32M | 15.94M | 27.64M |
| Total Debt | 464.14K | 320.33K | 50.67K | 105.16K | 73.44K | 118.66K |
| Total Liabilities | 6.74M | 9.38M | 7.90M | 3.14M | 7.03M | 7.53M |
| Stockholders Equity | 68.32M | 56.51M | 49.76M | 43.53M | 47.18M | 44.33M |
Cash Flow | ||||||
| Free Cash Flow | -5.14M | -7.73M | -11.48M | -17.58M | -15.02M | -13.38M |
| Operating Cash Flow | -2.69M | 2.05M | -512.30K | -735.88K | 1.77M | -846.53K |
| Investing Cash Flow | -7.14M | -8.68M | 1.08M | -10.14M | -15.53M | -9.97M |
| Financing Cash Flow | 8.08M | 8.51M | 7.88M | 158.74K | 158.20K | 32.63M |
Azimut Exploration Technical Analysis
Negative
0.57
Price Trends
0.60
Negative
0.64
Negative
0.72
Negative
Market Momentum
>-0.01
Positive
43.27
Neutral
12.42
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AZM, the sentiment is Negative. The current price of 0.57 is below the 20-day moving average (MA) of 0.62, below the 50-day MA of 0.60, and below the 200-day MA of 0.72, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.27 is Neutral, neither overbought nor oversold. The STOCH value of 12.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:AZM.
Azimut Exploration Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$58.45M | 6.49 | 15.43% | ― | ― | ― | |
48 Neutral | C$97.12M | -16.44 | -8.67% | ― | ― | -26.88% | |
45 Neutral | C$27.55M | -1.86 | -93.19% | ― | ― | 34.25% | |
44 Neutral | C$79.20M | -6.40 | -35.01% | ― | ― | 13.65% | |
38 Underperform | C$88.81M | -12.64 | -13.05% | ― | ― | 40.09% |
* General Sector Average
TSE:AZM
Azimut Exploration
0.58
-0.22
-27.50%
TSE:LEO
Lion Copper and Gold
0.24
0.10
77.78%
TSE:RCK
Rock Tech Lithium
0.66
-0.22
-25.00%
TSE:NWST
Northwest Copper
0.36
0.15
71.43%
TSE:ETL
E3 Lithium
1.01
-0.29
-22.31%
TSE:AMC
Arizona Metals
0.20
-0.54
-72.97%
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.