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An update from Azimut Exploration ( (TSE:AZM) ) is now available.
Azimut Exploration has launched a new minimum 5,000-metre diamond drilling program on the Fortin antimony-gold zone at its wholly owned Wabamisk Property in the Eeyou Istchee James Bay region of Québec, where it has already outlined a 1.8-kilometre-long mineralized body open in all directions and is also delineating a nearby gold target and the Rosa gold zone 15 kilometres to the west. The company is accelerating project advancement through deeper drilling to test for gold enrichment, commissioning metallurgical testing and a market study for Fortin’s antimony products, and reassessing the property’s broader gold potential along a 15-kilometre underexplored corridor, following strong drilling results in which 83% of recent holes intersected significant antimony mineralization, many with meaningful gold grades, underscoring the zone’s potential to become one of Canada’s largest antimony-bearing systems.
The most recent analyst rating on (TSE:AZM) stock is a Hold with a C$0.90 price target. To see the full list of analyst forecasts on Azimut Exploration stock, see the TSE:AZM Stock Forecast page.
Spark’s Take on TSE:AZM Stock
According to Spark, TipRanks’ AI Analyst, TSE:AZM is a Neutral.
The score is held back primarily by weak financial performance—persistent operating losses and ongoing negative free cash flow—partly offset by a conservative, low-debt balance sheet. Technicals add support with a generally positive trend and neutral momentum, while valuation remains challenged due to losses and no stated dividend.
To see Spark’s full report on TSE:AZM stock, click here.
More about Azimut Exploration
Azimut Exploration is a Canadian mineral exploration company listed on the TSX Venture Exchange and OTCQX that focuses on discovering and advancing precious and critical metal deposits, notably gold and antimony, in Québec’s James Bay region. The company’s flagship activities include systematic drilling, target delineation and early-stage project development across wholly owned properties such as Wabamisk, aiming to position itself within the emerging supply chain for strategic metals.
Average Trading Volume: 79,571
Technical Sentiment Signal: Buy
Current Market Cap: C$89.56M
Find detailed analytics on AZM stock on TipRanks’ Stock Analysis page.