Altamin Limited (AU:AZI)
ASX:AZI
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Altamin Limited
(Sydney:AZI)
Select Model
Select Model
Rating:45Neutral
Price Target:
AU$0.02
▲(15.00% Upside)
Action:ReiteratedDate:02/04/26
The score is held down primarily by weak financial performance (very small/declining revenue, heavy losses, and ongoing cash burn despite zero debt). Technical indicators are broadly neutral with slightly negative momentum, and valuation is difficult to justify on earnings due to a negative P/E and no dividend support.
Positive Factors
Zero financial leverage
Zero reported debt over multiple years meaningfully reduces solvency and interest-cost risk for an exploration company that relies on external financing. This structural strength preserves optionality to raise project finance or JV on better terms without servicing fixed interest burdens.
Negative Factors
Recurring operating cash burn
Persistent negative operating cash flow indicates the business consumes real cash to fund exploration and overhead. This structural cash burn necessitates regular external funding, raises dilution or financing risk, and constrains the firm’s ability to sustain multi-year project programs without partner funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero financial leverage
Zero reported debt over multiple years meaningfully reduces solvency and interest-cost risk for an exploration company that relies on external financing. This structural strength preserves optionality to raise project finance or JV on better terms without servicing fixed interest burdens.
Read all positive factors
Altamin Limited (AZI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$19.81M
Dividend YieldN/A
Average Volume (3M)193.41K
Price to Earnings (P/E)―
Beta (1Y)0.61
Revenue GrowthN/A
EPS Growth-15.38%
CountryAU
Employees6
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding792,384,770
10 Day Avg. Volume208,583
30 Day Avg. Volume193,410
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)6.22
Price to Sales (P/S)115.15
P/FCF Ratio-2.82
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
Altamin Limited Business Overview & Revenue Model
Company Description
Altamin Limited engages in the exploration and evaluation of mineral properties in Australia and Italy. It primarily explores for zinc, lead, cobalt, and silver deposits. The company holds interest in the Gorno zinc project located in the Lombardy...
How the Company Makes Money
Altamin Limited primarily makes money by monetizing mineral exploration and development assets rather than selling manufactured products or providing services. Typical cash-generation pathways for a company of this type include: (1) selling (dives...
Altamin Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
56
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 77.16K | 151.27K | 79.79K | 0.00 | 0.00 |
| Gross Profit | -1.41K | 77.16K | 151.27K | 51.61K | -66.18K | -91.00K |
| EBITDA | -4.60M | -3.02M | -2.16M | -2.81M | -5.57M | -5.28M |
| Net Income | -4.25M | -4.96M | -3.69M | -2.83M | -5.66M | -5.38M |
Balance Sheet | ||||||
| Total Assets | 5.78M | 2.41M | 3.80M | 5.17M | 5.43M | 5.29M |
| Cash, Cash Equivalents and Short-Term Investments | 3.91M | 1.10M | 1.23M | 1.00M | 4.84M | 4.08M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 63.27K | 41.30K |
| Total Liabilities | 1.03M | 985.24K | 633.03K | 564.71K | 1.42M | 1.49M |
| Stockholders Equity | 4.74M | 1.43M | 3.17M | 4.60M | 4.01M | 3.81M |
Cash Flow | ||||||
| Free Cash Flow | -4.45M | -3.15M | -2.02M | -3.83M | -5.14M | -4.94M |
| Operating Cash Flow | -4.45M | -3.15M | -2.02M | -3.82M | -5.09M | -4.92M |
| Investing Cash Flow | -94.59K | -96.49K | 0.00 | -4.74K | -50.55K | 135.41K |
| Financing Cash Flow | 5.14M | 3.10M | 2.25M | -13.34K | 5.88M | 6.65M |
Altamin Limited Technical Analysis
Neutral
0.02
Price Trends
0.03
Negative
0.03
Negative
0.02
Positive
Market Momentum
>-0.01
Positive
45.32
Neutral
26.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AZI, the sentiment is Neutral. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.32 is Neutral, neither overbought nor oversold. The STOCH value of 26.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:AZI.
Altamin Limited 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% | |
48 Neutral | AU$28.97M | -5.03 | -18.09% | ― | ― | 55.56% | |
47 Neutral | AU$13.31M | -2.58 | -11.39% | ― | -28.07% | -29.81% | |
46 Neutral | AU$37.05M | -4.34 | -19.53% | ― | ― | 3.79% | |
45 Neutral | AU$19.81M | -2.31 | -137.88% | ― | ― | -15.38% | |
45 Neutral | AU$23.94M | -9.14 | -2.36% | ― | ― | 84.36% | |
43 Neutral | AU$12.49M | -13.13 | -5.53% | ― | ― | -25.00% |
* Basic Materials Sector Average
AU:AZI
Altamin Limited
0.02
<0.01
4.76%
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Resource Mining Corporation Limited
0.03
0.02
209.09%
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Vanadium Resources Ltd.
0.02
0.00
0.00%
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Australian Rare Earths Limited
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81.25%
Altamin Limited Corporate Events
Altamin Lodges Interim Half-Year Report to ASX
Feb 27, 2026
Altamin Limited has released its half-yearly report for the six months ended 31 December 2025, prepared under ASX Listing Rule 4.2A and intended to be read alongside its 30 June 2025 annual report. The announcement formally updates the market on t...
Altamin Wins Key Environmental Approval for Italian Gorno Zinc Project
Feb 8, 2026
Altamin has secured a positive retrospective Environmental Impact Assessment for the Cime exploration permit at its Gorno Project from Italy’s Ministry of Environment and Energy Security. The approval, which follows extensive consultation an...
Altamin Advances Italian Critical Minerals Projects as Funding and Technical Work Ramp Up
Jan 30, 2026
Altamin’s December quarter report details steady technical and permitting progress across its Italian portfolio, led by the Lazio Project, where marketing, logistics and process plant engineering studies are advancing towards a scoping study...
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.