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Zephyr Minerals
(ZFR)
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Rating:54Neutral
Price Target:
C$0.07
▲(15.00% Upside)
Action:Reiterated
Date:10/24/26
The score is held back primarily by weak fundamentals typical of a pre-revenue explorer: persistent losses and negative operating/free cash flow with a recent TTM deterioration. Offsetting this, technicals are relatively strong with price above key moving averages and positive MACD, while the balance sheet is a stabilizing factor due to very low leverage and a solid equity base. Valuation contributes modestly negatively because negative earnings make P/E less informative and no dividend yield is available.
Positive Factors
Very Low Leverage
Minimal leverage materially limits interest and refinancing pressure, giving the company greater financial flexibility while it advances exploration projects. This stronger balance-sheet position can help preserve strategic options and reduce solvency risk during continued pre-revenue development.
Negative Factors
Pre-Revenue Business
The absence of revenue means the company has not yet demonstrated commercial production or recurring customer demand. Its ability to create durable value therefore remains dependent on advancing exploration toward an economic deposit and eventually generating operating inflows.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Minimal leverage materially limits interest and refinancing pressure, giving the company greater financial flexibility while it advances exploration projects. This stronger balance-sheet position can help preserve strategic options and reduce solvency risk during continued pre-revenue development.
Read all positive factors
Zephyr Minerals (ZFR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.46M
Dividend YieldN/A
Average Volume (3M)22.81K
Price to Earnings (P/E)―
Beta (1Y)0.40
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. Volume24,768
30 Day Avg. Volume22,814
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 | 1.33M | -494.18K | -625.47K | -61.92K |
| 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
Positive
0.06
Price Trends
0.06
Positive
0.06
Positive
0.06
Positive
Market Momentum
<0.01
Negative
58.83
Neutral
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ZFR, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.06, and below the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.83 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
54 Neutral | C$7.46M | -22.38 | -5.75% | ― | ― | -34.78% | |
47 Neutral | C$3.58M | 9.68 | 11.13% | ― | ― | ― | |
44 Neutral | C$3.00M | -0.23 | 3359.69% | ― | ― | -892.33% | |
43 Neutral | C$10.51M | -1.84 | -28.83% | ― | ― | 42.48% | |
42 Neutral | C$4.46M | -2.45 | -59.87% | ― | ― | 58.61% | |
41 Neutral | C$2.30M | -0.90 | 83.80% | ― | ― | 30.55% |
* Basic Materials Sector Average
TSE:ZFR
Zephyr Minerals
0.08
0.02
33.33%
TSE:IMR
iMetal Resources
0.15
-0.11
-42.00%
TSE:NXS
Nexus Gold
0.13
-0.04
-21.88%
TSE:XIM
Ximen Mining
0.04
-0.06
-57.89%
TSE:TRG
Tarachi Gold
0.03
>-0.01
-14.29%
TSE:GSRI
Golden Shield Resources Inc.
0.21
-0.14
-40.58%
Zephyr Minerals Corporate Events
Business Operations and StrategyLegal ProceedingsPrivate Placements and FinancingRegulatory Filings and Compliance
Zephyr Minerals Raises $260,000 to Advance Dawson Gold Project Permitting
Positive
Oct 21, 2026
Zephyr Minerals has closed a non-brokered private placement, issuing 5,200,000 units for gross proceeds of $260,000, with each unit comprising one common share and one warrant exercisable at $0.10 for two years. The funds will be directed toward g...
Business Operations and StrategyPrivate Placements and Financing
Zephyr Minerals Upsizes Private Placement to Fund Dawson Gold Project Permitting
Positive
Oct 9, 2026
Zephyr Minerals has expanded its previously announced non-brokered private placement to as many as 6,000,000 units at $0.05 per unit, for potential gross proceeds of up to $300,000. Each unit comprises one common share and one warrant exercisable ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Zephyr Advances Dawson Gold Permitting and Launches C$200,000 Private Placement
Positive
Sep 23, 2026
Zephyr Minerals has completed the fourth quarter of its groundwater monitoring program at the Dawson Gold deposit and expects to finish the fifth and final quarter by year-end, alongside additional environmental and technical studies to support a ...
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.