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Aztec Minerals
(AZT)
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Rating:54Neutral
Price Target:
C$0.38
▲(17.81% Upside)
Action:N/A
Date:08/29/26
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and increasing cash burn), partially mitigated by a debt-free, equity-supported balance sheet. Technical indicators are comparatively strong with price above key moving averages and positive MACD, but valuation support is limited due to negative earnings and no dividend yield provided.
Positive Factors
Debt-free balance sheet
Debt-free status and roughly $25.0M-$25.3M of equity against $26.0M-$26.6M of assets give Aztec a low-leverage base. This preserves financial flexibility for exploration and reduces the immediate burden of interest or debt refinancing while projects are advanced.
Negative Factors
No operating revenue
Revenue remains at 0 in both TTM and 2025 annual periods, while gross profit is negative. Without operating inflows, the company has no demonstrated commercial revenue engine, making continued exploration dependent on funding rather than internally generated sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Debt-free status and roughly $25.0M-$25.3M of equity against $26.0M-$26.6M of assets give Aztec a low-leverage base. This preserves financial flexibility for exploration and reduces the immediate burden of interest or debt refinancing while projects are advanced.
Read all positive factors
Aztec Minerals (AZT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$70.19M
Dividend YieldN/A
Average Volume (3M)341.92K
Price to Earnings (P/E)―
Beta (1Y)2.21
Revenue GrowthN/A
EPS Growth11.97%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding189,711,300
10 Day Avg. Volume436,087
30 Day Avg. Volume341,919
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)1.81
Price to Sales (P/S)0.00
P/FCF Ratio-10.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$0.53Price Target Upside65.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Aztec Minerals Business Overview & Revenue Model
Company Description
Aztec Minerals Corp. operates by acquiring, exploring, and evaluating mineral resources across Canada, Mexico, and the United States. The company primarily targets deposits of gold, copper, silver, lead, and zinc. Among its significant assets, Azt...
Aztec Minerals Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 |
|---|---|---|
Income Statement | ||
| Total Revenue | 0.00 | 0.00 |
| Gross Profit | -473.00 | -284.00 |
| EBITDA | -2.23M | -1.66M |
| Net Income | -2.26M | -1.87M |
Balance Sheet | ||
| Total Assets | 26.01M | 26.62M |
| Cash, Cash Equivalents and Short-Term Investments | 3.71M | 8.84M |
| Total Debt | 0.00 | 0.00 |
| Total Liabilities | 966.80K | 1.30M |
| Stockholders Equity | 25.04M | 25.32M |
Cash Flow | ||
| Free Cash Flow | -8.74M | -4.53M |
| Operating Cash Flow | -1.79M | -1.02M |
| Investing Cash Flow | -7.07M | -3.73M |
| Financing Cash Flow | 9.62M | 12.51M |
Aztec Minerals Technical Analysis
Positive
0.32
Price Trends
0.29
Positive
0.26
Positive
0.29
Positive
Market Momentum
0.02
Negative
67.76
Neutral
84.62
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AZT, the sentiment is Positive. The current price of 0.32 is below the 20-day moving average (MA) of 0.33, above the 50-day MA of 0.29, and above the 200-day MA of 0.29, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 67.76 is Neutral, neither overbought nor oversold. The STOCH value of 84.62 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:AZT.
Aztec Minerals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | C$70.19M | -29.84 | -9.80% | ― | ― | 11.97% | |
53 Neutral | C$95.43M | -59.70 | -7.59% | ― | ― | 67.00% | |
47 Neutral | C$76.47M | -10.35 | -33.74% | ― | ― | 11.90% | |
43 Neutral | C$49.92M | -18.96 | -4.99% | ― | 104.17% | -35.90% | |
41 Neutral | C$24.07M | -3.04 | 1384.30% | 507.27% | ― | -68.86% |
* Basic Materials Sector Average
TSE:AZT
Aztec Minerals
0.37
0.14
60.87%
TSE:CDB
Cordoba Minerals
0.28
0.23
485.11%
TSE:MD
Midland Exploration
0.40
-0.11
-21.57%
TSE:RTG
RTG Mining
0.04
0.01
33.33%
TSE:SRL
Salazar Resources
0.40
0.24
150.00%
TSE:DLP
DLP Resources
0.38
0.05
17.19%
Aztec Minerals Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Aztec Minerals Upsizes Bought Deal Financing to $5.6 Million for Project Exploration
Positive
Sep 3, 2026
Aztec Minerals has upsized its previously announced bought deal private placement to C$5.57 million, reflecting stronger-than-expected investor demand. The underwritten offering, led solely by Stifel Canada, will see the sale of 17.4 million units...
Business Operations and StrategyPrivate Placements and Financing
Aztec Minerals Secures C$5 Million Bought-Deal Financing for Arizona and Mexico Exploration
Positive
Sep 2, 2026
Aztec Minerals Corp., a junior North American mineral exploration company, is advancing the Cervantes porphyry gold-copper project in Sonora, Mexico, and the Tombstone gold-silver and CRD silver-lead-zinc-copper-gold project in southern Arizona, U...
Business Operations and Strategy
Aztec Minerals Extends Tombstone Gold-Silver Strike to Over 1.25 km
Positive
Sep 2, 2026
Aztec Minerals has extended the continuously drilled strike length of the Contention oxide gold-silver system at its Tombstone Property in Arizona to more than 1,250 meters. The latest five reverse circulation holes in the North Extension target a...
Business Operations and Strategy
Aztec Minerals Quadruples Tombstone Land Holding in Low-Cost Consolidation Push
Positive
Aug 26, 2026
Aztec Minerals has completed the consolidation of its Tombstone gold-silver district land package in Cochise County, Arizona, bringing its holdings to approximately 2,500 acres of surface and mineral rights. The expanded footprint, more than six t...
Business Operations and Strategy
Aztec Minerals Extends Oxide Gold-Silver Mineralization at Tombstone North Extension
Positive
Aug 5, 2026
Aztec Minerals reported new reverse circulation drilling results from its Tombstone Project in Arizona, highlighting significant near-surface oxide gold-silver mineralization in both the Contention and newly acquired North Extension zones. The ste...
Business Operations and Strategy
Canary Gold to Spotlight Brazilian Gold Portfolio at CEM’s 100th Capital Event
Positive
Jul 16, 2026
Canary Gold Corp., a Canadian exploration company focused on Brazilian gold assets, has assembled a significant land package in the historically productive yet underexplored Madeira River region of Rondônia. Its portfolio includes an option o...
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.