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Zephyr Minerals
(ZFR)
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Rating:51Neutral
Price Target:
C$0.05
▼(-20.00% Downside)
Action:Reiterated
Date:08/30/26
The score is held down primarily by weak fundamentals: pre-revenue operations, ongoing losses, and negative (and recently weaker) free cash flow. This is partially offset by a comparatively strong balance sheet with minimal leverage and constructive technical momentum with the price trading above key moving averages.
Positive Factors
Very Low Leverage
Debt-to-equity of roughly 0.5% across 2024, 2025 and TTM leaves limited leverage-related pressure on the business. This provides financial flexibility to pursue development plans and reduces solvency risk while the company remains pre-revenue.
Negative Factors
Pre-Revenue Business
The company remains pre-revenue, so there is no demonstrated sales base supporting operating costs or validating commercial traction. Until revenue begins and scales, the business lacks internally generated earnings power and remains dependent on capital availability.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Debt-to-equity of roughly 0.5% across 2024, 2025 and TTM leaves limited leverage-related pressure on the business. This provides financial flexibility to pursue development plans and reduces solvency risk while the company remains pre-revenue.
Read all positive factors
Zephyr Minerals (ZFR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$4.48M
Dividend YieldN/A
Average Volume (3M)14.11K
Price to Earnings (P/E)―
Beta (1Y)0.55
Revenue GrowthN/A
EPS Growth-34.78%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding93,286,990
10 Day Avg. Volume15,330
30 Day Avg. Volume14,110
Financial Highlights & Ratios
PEG Ratio-0.74
Price to Book (P/B)0.69
Price to Sales (P/S)0.00
P/FCF Ratio-35.11
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
Zephyr Minerals Business Overview & Revenue Model
Company Description
Zephyr Minerals Ltd., operating primarily through its subsidiary Zephyr Gold USA Ltd., is dedicated to the discovery, assessment, and advancement of mineral properties across Canada and the United States. The company's exploration efforts are conc...
Zephyr Minerals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
68
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -76.23K | -225.06K | -175.29K | -494.18K | -625.47K | -625.42K |
| Net Income | -313.94K | -231.53K | -175.29K | -2.08M | -770.82K | -625.42K |
Balance Sheet | ||||||
| Total Assets | 5.93M | 5.61M | 5.34M | 5.28M | 6.91M | 7.18M |
| Cash, Cash Equivalents and Short-Term Investments | 180.47K | 42.44K | 95.73K | 116.80K | 402.95K | 712.86K |
| Total Debt | 25.61K | 25.61K | 25.61K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 312.27K | 253.56K | 201.65K | 163.14K | 152.12K | 131.30K |
| Stockholders Equity | 5.61M | 5.36M | 5.13M | 5.11M | 6.76M | 7.05M |
Cash Flow | ||||||
| Free Cash Flow | -229.92K | -105.26K | -139.08K | -624.67K | -654.30K | -757.04K |
| Operating Cash Flow | -106.65K | -105.27K | -139.08K | -467.45K | -500.43K | -324.91K |
| Investing Cash Flow | -418.82K | -308.47K | -71.60K | -157.22K | -113.27K | -432.13K |
| Financing Cash Flow | 650.80K | 360.45K | 189.60K | 338.52K | 303.79K | 48.35K |
Zephyr Minerals Technical Analysis
Negative
0.06
Price Trends
0.05
Negative
0.06
Negative
0.06
Negative
Market Momentum
>-0.01
Positive
40.63
Neutral
24.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ZFR, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.05, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.63 is Neutral, neither overbought nor oversold. The STOCH value of 24.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ZFR.
Zephyr 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% | |
51 Neutral | C$4.48M | -13.89 | -5.75% | ― | ― | -34.78% | |
47 Neutral | C$4.77M | 12.90 | 11.13% | ― | ― | ― | |
43 Neutral | C$8.27M | -1.73 | -35.12% | ― | ― | 4.12% | |
43 Neutral | C$4.60M | -1.80 | 83.80% | ― | ― | 39.95% | |
42 Neutral | C$3.60M | -0.27 | 3504.53% | ― | ― | -847.64% | |
42 Neutral | C$9.13M | -5.02 | -59.87% | ― | ― | 58.61% |
* Basic Materials Sector Average
TSE:ZFR
Zephyr Minerals
0.05
>-0.01
-4.00%
TSE:IMR
iMetal Resources
0.21
-0.08
-26.79%
TSE:NXS
Nexus Gold
0.15
-0.10
-40.00%
TSE:XIM
Ximen Mining
0.08
-0.04
-30.43%
TSE:TRG
Tarachi Gold
0.04
<0.01
14.29%
TSE:GSRI
Golden Shield Resources Inc.
0.42
0.05
15.07%
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.