Arizona Sonoran Copper Co., Inc. (TSE:ASCU)
TSX:ASCU
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Arizona Sonoran Copper Co.
(TSX:ASCU)
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Rating:55Neutral
Price Target:
C$9.50
▲(10.98% Upside)
Action:Reiterated
Date:05/09/26
The score is held back primarily by weak financial performance (pre-revenue, widening losses, and deeply negative free cash flow, with higher risk from increased debt). These negatives are partially offset by strong technicals (clear uptrend with moderate momentum) and a balance-sheet equity cushion, while valuation inputs are unfavorable due to negative earnings and no dividend yield provided.
Positive Factors
Balance-sheet equity cushion
A meaningful equity base (~$201.9M) gives a development-stage miner material runway and financing optionality. It reduces immediate dilution risk, supports continued financing of studies and permitting, and provides capacity to absorb exploration write-downs while seeking partners or capital.
Negative Factors
Pre-revenue, widening losses
The company remains pre-revenue with materially widening losses (TTM ≈ -$27.8M). Persistent and growing net losses increase reliance on external capital, heighten dilution risk, and pressure management to secure financing or partners before permitting or construction milestones can be funded.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet equity cushion
A meaningful equity base (~$201.9M) gives a development-stage miner material runway and financing optionality. It reduces immediate dilution risk, supports continued financing of studies and permitting, and provides capacity to absorb exploration write-downs while seeking partners or capital.
Read all positive factors
Arizona Sonoran Copper Co. (ASCU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.72B
Dividend YieldN/A
Average Volume (3M)442.23K
Price to Earnings (P/E)―
Beta (1Y)1.56
Revenue GrowthN/A
EPS Growth-120.73%
CountryCA
Employees17
SectorBasic Materials
Sector Strength58
IndustryCopper
Share Statistics
EPS (TTM)-0.13
Shares Outstanding209,007,920
10 Day Avg. Volume495,394
30 Day Avg. Volume442,227
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)2.75
Price to Sales (P/S)0.00
P/FCF Ratio-12.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$8.68Price Target Upside1.34% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)-0.04
Revenue Forecast (FY)N/A
Arizona Sonoran Copper Co. Business Overview & Revenue Model
Company Description
Arizona Sonoran Copper Company Inc. engages in the identification, acquisition, exploration, development, and production of base metal properties. The company's principal asset is the 100% interest in the Cactus Project located in Pinal County, Ar...
How the Company Makes Money
ASCU is primarily an exploration-and-development stage company, so it generally does not generate operating revenue from selling copper until a mine is constructed and begins production; specific, current recurring revenue from product sales is no...
Arizona Sonoran Copper Co. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
29
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -43.79K | -31.00K | 0.00 | 0.00 | -84.00K | -75.00K |
| EBITDA | -14.05M | -3.97M | -5.35K | -6.34M | -6.96M | -8.38M |
| Net Income | -27.83M | -4.96M | -7.44K | -6.99M | -7.14M | -17.05M |
Balance Sheet | ||||||
| Total Assets | 333.72M | 347.97M | 135.47M | 114.08M | 69.58M | 54.42M |
| Cash, Cash Equivalents and Short-Term Investments | 80.95M | 104.75M | 31.74M | 10.49M | 19.86M | 27.31M |
| Total Debt | 95.66M | 57.00K | 16.00K | 67.00K | 115.00K | 6.88M |
| Total Liabilities | 131.83M | 122.14M | 30.86M | 29.53M | 3.60M | 10.35M |
| Stockholders Equity | 201.90M | 225.84M | 104.61M | 84.55M | 65.98M | 44.08M |
Cash Flow | ||||||
| Free Cash Flow | -33.61M | -49.17M | -31.60M | -38.82M | -4.33M | -24.89M |
| Operating Cash Flow | 1.93M | 1.47M | -9.72M | -11.52M | -3.55M | -6.29M |
| Investing Cash Flow | -43.50M | -50.63M | -21.88M | -27.30M | -29.80M | -18.60M |
| Financing Cash Flow | 92.33M | 121.51M | 54.03M | 29.53M | 26.09M | 44.95M |
Arizona Sonoran Copper Co. Technical Analysis
Neutral
8.56
Price Trends
7.56
Positive
6.77
Positive
5.00
Positive
Market Momentum
0.24
Negative
48.90
Neutral
48.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ASCU, the sentiment is Neutral. The current price of 8.56 is above the 20-day moving average (MA) of 8.01, above the 50-day MA of 7.56, and above the 200-day MA of 5.00, indicating a neutral trend. The MACD of 0.24 indicates Negative momentum. The RSI at 48.90 is Neutral, neither overbought nor oversold. The STOCH value of 48.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ASCU.
Arizona Sonoran Copper Co. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | C$1.05B | 9.92 | 42.44% | 4.11% | 29.10% | 162.15% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | C$1.72B | -10.74 | -15.03% | ― | ― | -120.73% | |
55 Neutral | C$1.57B | -27.79 | -39.74% | ― | ― | 0.40% | |
52 Neutral | C$469.00M | -449.00 | -1.26% | ― | ― | -72.73% | |
49 Neutral | C$186.03M | -1.02 | -3.35% | ― | 2838.74% | -970.59% | |
48 Neutral | C$1.09B | -22.69 | -17.73% | ― | ― | -107.42% |
* Basic Materials Sector Average
TSE:ASCU
Arizona Sonoran Copper Co.
8.09
6.06
298.52%
TSE:ARG
Amerigo Resources
6.40
4.80
300.25%
TSE:FDY
Faraday Copper
5.58
4.83
644.00%
TSE:MARI
Marimaca Copper
7.96
3.45
76.50%
TSE:CUU
Copper Fox Metals
0.63
0.38
152.00%
TSE:GCU
Gunnison Copper
0.43
0.13
43.33%
Arizona Sonoran Copper Co. Corporate Events
M&A TransactionsRegulatory Filings and ComplianceShareholder Meetings
Arizona Sonoran Advances Hudbay Takeover With Court and Regulatory Approvals
Positive
Apr 8, 2026
Arizona Sonoran Copper has filed its management information circular and proxy materials for a special meeting of securityholders to vote on a proposed all-share acquisition by Hudbay Minerals. The company has secured an interim court order, Canad...
Business Operations and StrategyM&A Transactions
Hudbay to Buy Arizona Sonoran, Building Major Copper Hub in Arizona
Positive
Mar 5, 2026
Hudbay Minerals has agreed to acquire all remaining shares of Arizona Sonoran Copper Company in an all‑share deal valuing ASCU at C$9.35 per share, a 30% premium to its recent closing price, giving Hudbay full ownership of the Cactus copper ...
Business Operations and Strategy
Arizona Sonoran Ends Nuton JV Option, Retains Full Control of Cactus Project
Neutral
Feb 17, 2026
Arizona Sonoran Copper Company has ended its option to form a joint venture with Nuton, a Rio Tinto venture, on the Cactus Project and terminated Nuton’s investor rights agreement, leaving ASCU to advance the project on a standalone basis. T...
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.