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Ascot Resources Ltd (TSE:AOT.H)
:AOT.H

Ascot Resources (AOT.H) AI Stock Analysis

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TSE:AOT.H

Ascot Resources

(AOT.H)

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Neutral 47 (OpenAI - 5.2)
Rating:47Neutral
Price Target:
C$1.50
▲(102.70% Upside)
The score is constrained primarily by very weak financial performance, including collapsing revenue, large losses, and continued negative operating/free cash flow. Technicals provide partial support due to positive momentum and price strength versus moving averages, but overbought signals increase downside risk. Valuation is also pressured because the company is loss-making and there is no dividend yield provided.
Positive Factors
Project monetization / funding model
Ascot’s business model centers on advancing and monetizing mineral projects through equity financings, JV earn-ins, and property sales. This is a durable explorer strategy that allows project advancement while sharing capital burden and execution risk with partners over the medium term.
Moderate balance-sheet leverage
Debt-to-equity near 0.21 indicates the company is not highly debt-funded, giving it relative flexibility to pursue exploration or structuring JV deals. Moderate leverage reduces short-term insolvency risk and preserves optionality to raise project-specific financing.
Positive gross margin at project level
A positive TTM gross margin suggests the company’s core mineral interests could support acceptable operating economics once scale or capital investments are in place. This structural margin capability underpins potential for project-level profitability as projects advance.
Negative Factors
Collapsing revenue and large net loss
A severe drop in revenue alongside a very large net loss signals a meaningful deterioration in operating scale and financial performance. Persistently weak top-line and heavy losses erode capacity to self-fund exploration and increase reliance on external capital over the medium term.
Sustained cash burn
Negative operating and deeply negative free cash flow indicate the company is a persistent cash consumer. This structural cash burn necessitates repeated financing or asset dispositions, raising dilution risk and potentially slowing project timelines or JV negotiations.
Erosion of equity and very negative returns
A marked reduction in shareholders' equity and a deeply negative ROE show the capital base is being consumed. This weakens the company’s financial cushion, limits flexibility to absorb shocks, and makes securing favorable long-term financing or partner terms more difficult.

Ascot Resources (AOT.H) vs. iShares MSCI Canada ETF (EWC)

Ascot Resources Business Overview & Revenue Model

Company DescriptionAscot Resources Ltd. engages in the exploration, evaluation, and development of mineral properties in the United States and Canada. The company explores for gold, silver, copper, porphyry copper, molybdenum, and sand and gravel deposits. Its principal property is the 100% owned Premier Gold project covering an area of approximately 8,133 hectares located on the northwest of the town of Stewart, British Columbia. The company was incorporated in 1986 and is headquartered in Vancouver, Canada.
How the Company Makes MoneyAscot Resources makes money through the exploration, development, and eventual production and sale of precious metals, primarily gold and silver. The company's revenue model is centered around advancing its Premier Gold Project towards production, which involves extracting and processing ore to produce gold and silver bullion. Revenue streams are expected to be generated from the sale of these commodities in the global metals market. Significant partnerships with engineering, procurement, and construction management firms, as well as strategic financial investments, contribute to the company's ability to bring its projects to fruition and generate earnings.

Ascot Resources Financial Statement Overview

Summary
Income statement and cash flow are very weak: TTM revenue is small and down sharply (-92.42%), with a very large net loss (-$362.4M) and deeply negative margins. Cash burn persists with negative operating cash flow (-$17.0M) and deeply negative free cash flow (-$94.8M), implying ongoing funding needs. Balance sheet leverage is moderate (debt-to-equity ~0.21), but equity has fallen materially and ROE is very negative, reducing financial flexibility.
Income Statement
12
Very Negative
TTM (Trailing-Twelve-Months) revenue is very small ($0.98M) and down sharply (-92.42%), pointing to a meaningful deterioration in operating scale. Profitability is deeply negative, with a large net loss (-$362.4M) and extremely weak margins (net margin roughly -369%), indicating heavy costs/charges relative to revenue. While gross margin in TTM is positive (~29.6%), it is overwhelmed by operating and other expenses, resulting in sizable operating losses.
Balance Sheet
58
Neutral
Leverage looks moderate, with debt-to-equity around 0.21 in TTM (Trailing-Twelve-Months), suggesting the company is not highly debt-funded. However, equity has fallen materially versus 2024 (from ~$429.8M to ~$142.3M), consistent with the large TTM loss and indicating reduced balance-sheet cushion. Returns to shareholders are very weak (return on equity about -120% in TTM), highlighting that the capital base is currently being consumed rather than compounded.
Cash Flow
18
Very Negative
Cash generation is pressured, with operating cash flow negative in TTM (Trailing-Twelve-Months) (-$17.0M) and free cash flow deeply negative (-$94.8M). Free cash flow also deteriorated versus the prior period (negative growth), implying continued cash burn. While free cash flow to net income is positive in TTM, this is driven by the net loss being extremely large (not true cash profitability), and operating cash flow remains insufficient relative to debt (coverage is negative).
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue983.00K15.39M0.000.000.000.00
Gross Profit291.00K846.00K0.00-549.00K-859.00K-997.00K
EBITDA-351.88M-28.91M-8.70M-10.27M-2.26M-6.58M
Net Income-362.41M-31.51M-10.43M-10.81M-2.95M-8.43M
Balance Sheet
Total Assets567.80M842.10M630.39M379.10M339.05M249.98M
Cash, Cash Equivalents and Short-Term Investments5.39M27.97M26.97M7.47M59.13M43.63M
Total Debt29.99M44.04M27.27M22.69M42.11M43.87M
Total Liabilities425.52M412.28M279.63M70.16M81.84M72.33M
Stockholders Equity142.28M429.81M350.76M308.94M257.20M177.65M
Cash Flow
Free Cash Flow-94.77M-159.12M-141.60M-110.93M-65.06M-18.72M
Operating Cash Flow-17.02M-5.68M-13.25M-5.04M-7.64M-5.11M
Investing Cash Flow-79.80M-114.23M-129.40M-105.95M-55.09M-12.63M
Financing Cash Flow92.32M120.95M162.13M59.33M79.77M55.52M

Ascot Resources Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.74
Price Trends
50DMA
1.11
Positive
100DMA
1.32
Positive
200DMA
1.93
Negative
Market Momentum
MACD
0.23
Negative
RSI
65.77
Neutral
STOCH
75.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AOT.H, the sentiment is Positive. The current price of 0.74 is below the 20-day moving average (MA) of 1.43, below the 50-day MA of 1.11, and below the 200-day MA of 1.93, indicating a neutral trend. The MACD of 0.23 indicates Negative momentum. The RSI at 65.77 is Neutral, neither overbought nor oversold. The STOCH value of 75.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:AOT.H.

Ascot Resources Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
50
Neutral
C$75.97M-3.54-58.10%-919.03%
50
Neutral
C$99.11M-32.17-9.83%49.12%
47
Neutral
C$57.42M-0.23-132.52%-93.18%-1212.96%
47
Neutral
C$73.38M-3.91-309.54%-8.78%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:AOT.H
Ascot Resources
1.88
-2.78
-59.66%
TSE:LEO
Lion Copper and Gold
0.27
0.19
231.25%
TSE:CDB
Cordoba Minerals
0.78
0.42
116.67%
TSE:FSY
Forsys Metals
0.37
-0.10
-22.11%
TSE:SAG
Sterling Metals
1.63
1.23
307.50%
TSE:NWST
Northwest Copper
0.33
0.10
40.43%

Ascot Resources Corporate Events

Business Operations and StrategyPrivate Placements and Financing
Ascot Resources Closes Oversubscribed Rights Offering, Strengthens Financial Position
Positive
Dec 16, 2025

Ascot Resources Ltd. announced the successful closing of its rights offering, raising gross proceeds of C$14,871,517 through the issuance of 1,487,151,720 common shares. The offering was oversubscribed, and the company plans to use the net proceeds to settle outstanding debts. This move strengthens Ascot’s financial position without creating new insiders, and the share consolidation is set to take effect on December 16, 2025.

The most recent analyst rating on ($TSE:AOT.H) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on Ascot Resources stock, see the TSE:AOT.H Stock Forecast page.

Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and FinancingStock Split
Ascot Resources to Implement Share Consolidation on December 16, 2025
Neutral
Dec 12, 2025

Ascot Resources Ltd. has announced the effective date for its share consolidation, set for December 16, 2025. This consolidation is part of a broader restructuring strategy that includes a rights offering, bridge financing, and private placement. The consolidation will convert 50 pre-consolidation shares into one post-consolidation share, significantly reducing the number of outstanding shares. This move is expected to streamline Ascot’s capital structure and potentially enhance its market positioning, pending final approval from the TSX Venture Exchange.

The most recent analyst rating on ($TSE:AOT.H) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on Ascot Resources stock, see the TSE:AOT.H Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Ascot Resources Updates on Rights Offering to Raise C$14.87 Million
Neutral
Dec 5, 2025

Ascot Resources has announced an update on its rights offering, aiming to raise up to C$14,871,517. The offering allows shareholders to acquire additional shares, with the process set to expire on December 12, 2025. This initiative is part of Ascot’s strategy to strengthen its financial position and support its operations at the Premier Gold mine. Shareholders in eligible jurisdictions can participate, while others may need to establish eligibility to partake in the offering.

The most recent analyst rating on ($TSE:AOT.H) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on Ascot Resources stock, see the TSE:AOT.H Stock Forecast page.

Private Placements and Financing
Ascot Resources Announces C$150 Million Private Placement to Fund Mining Projects
Neutral
Dec 2, 2025

Ascot Resources Ltd. has announced a brokered private placement to raise up to C$150 million, with an option for an additional C$25 million, to fund its mining projects and for general corporate purposes. The placement involves selling common shares and flow-through shares, with significant shareholder Ccori Apu S.A.C. maintaining its 32% ownership. The proceeds will be used to further develop the Premier Gold Mine and Red Mountain project, with certain funds allocated to Canadian development expenses. The offering is contingent upon necessary approvals and the completion of previously announced corporate actions.

The most recent analyst rating on ($TSE:AOT.H) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on Ascot Resources stock, see the TSE:AOT.H Stock Forecast page.

Legal ProceedingsPrivate Placements and Financing
Ascot Resources Pursues Restructuring Amid Financial Uncertainty
Negative
Dec 1, 2025

Ascot Resources announced that it is continuing to pursue a restructuring plan involving a C$150 million private placement and secured creditor restructuring. However, the company has yet to finalize the structure and pricing of the private placement, and if it is not completed, Ascot may need to consider alternatives such as initiating proceedings under the Companies’ Creditors Arrangement Act. The company currently has a cash position of C$1.9 million, which is expected to sustain operations until mid-December, highlighting the urgency of finalizing the restructuring to maintain financial stability.

The most recent analyst rating on ($TSE:AOT.H) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on Ascot Resources stock, see the TSE:AOT.H Stock Forecast page.

Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresPrivate Placements and Financing
Ascot Resources Reports Increased Losses and Announces Restructuring Plans
Negative
Nov 13, 2025

Ascot Resources Ltd. reported its financial results for the third quarter of 2025, revealing a significant increase in net loss compared to the previous year, primarily due to care and maintenance expenses and an impairment charge. The company announced a rights offering to raise funds to settle outstanding debts and is undergoing a restructuring process with Fiore Management and Advisory Corp. to enhance its leadership and financial position. Ascot is also working on restructuring its existing debt with Nebari Group and amending secured streams with Sprott Private Resource Streaming and Royalty Corp. The company’s shares have been delisted from the Toronto Stock Exchange and are now trading on the NEX Board of TSXV.

The most recent analyst rating on ($TSE:AOT.H) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on Ascot Resources stock, see the TSE:AOT.H Stock Forecast page.

Private Placements and FinancingStock Split
Ascot Resources Launches C$0.01 Rights Offering to Raise Over C$14 Million
Neutral
Nov 8, 2025

Ascot Resources Ltd. has announced a rights offering to raise up to C$14,871,517 by issuing 1,487,151,720 rights to its shareholders. Each right allows the holder to purchase one common share at C$0.01, with the offering set to close on December 12, 2025. The company has secured a standby agreement with Fiore Management and Advisory Corp. to purchase any unsubscribed shares. This initiative aims to strengthen Ascot’s financial position, with plans for a subsequent 50:1 share consolidation and a private placement. The success of these financial maneuvers is crucial, as failure to close a significant portion of the private placement could lead to proceedings under the Companies’ Creditors Arrangement Act.

The most recent analyst rating on ($TSE:AOT.H) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on Ascot Resources stock, see the TSE:AOT.H Stock Forecast page.

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.Date of analysis: Jan 24, 2026