Arizona Sonoran Copper Co., Inc. (TSE:ASCU)
TSX:ASCU
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Arizona Sonoran Copper Co.
(TSX:ASCU)
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Rating:57Neutral
Price Target:
C$7.50
▲(2.18% Upside)
Action:ReiteratedDate:04/04/26
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and substantial negative free cash flow), partially offset by a very strong low-leverage balance sheet and constructive technical momentum (price above key moving averages with positive MACD). Valuation is also a drag because the negative P/E reflects unprofitability and there is no dividend support.
Positive Factors
Very low leverage
Extremely low debt versus a sizable equity base provides material staying power for an exploration developer. This structural balance-sheet strength reduces near-term refinancing risk, supports continued permitting and studies, and preserves optionality while the project advances.
Negative Factors
No operating revenue
Lack of operating revenue is a fundamental constraint: without commercial production the firm cannot self-fund development from sales. This structural state forces dependence on external capital and means financial performance is tied to project realization and commodity cycles rather than recurring cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low debt versus a sizable equity base provides material staying power for an exploration developer. This structural balance-sheet strength reduces near-term refinancing risk, supports continued permitting and studies, and preserves optionality while the project advances.
Read all positive factors
Arizona Sonoran Copper Co. (ASCU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.53B
Dividend YieldN/A
Average Volume (3M)442.23K
Price to Earnings (P/E)―
Beta (1Y)1.50
Revenue GrowthN/A
EPS Growth22.26%
CountryCA
Employees17
SectorBasic Materials
Sector Strength58
IndustryCopper
Share Statistics
EPS (TTM)-0.04
Shares Outstanding208,656,360
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$7.90Price Target Upside7.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
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
As an exploration and development-stage company, ASCU does not primarily earn operating revenue from selling copper unless and until its project reaches commercial production; detailed, recurring revenue streams from operations are not publicly av...
Arizona Sonoran Copper Co. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
70
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -31.00K | 0.00 | 0.00 | -84.00K | -75.00K |
| EBITDA | -3.97M | -5.35K | -6.34M | -6.96M | -8.38M |
| Net Income | -4.96M | -7.44K | -6.99M | -7.14M | -17.05M |
Balance Sheet | |||||
| Total Assets | 347.97M | 135.47M | 114.08M | 69.58M | 54.42M |
| Cash, Cash Equivalents and Short-Term Investments | 104.75M | 31.74M | 10.49M | 19.86M | 27.31M |
| Total Debt | 57.00K | 16.00K | 67.00K | 115.00K | 6.88M |
| Total Liabilities | 122.14M | 30.86M | 29.53M | 3.60M | 10.35M |
| Stockholders Equity | 225.84M | 104.61M | 84.55M | 65.98M | 44.08M |
Cash Flow | |||||
| Free Cash Flow | -49.17M | -31.60M | -38.82M | -4.33M | -24.89M |
| Operating Cash Flow | 1.47M | -9.72M | -11.52M | -3.55M | -6.29M |
| Investing Cash Flow | -50.63M | -21.88M | -27.30M | -29.80M | -18.60M |
| Financing Cash Flow | 121.51M | 54.03M | 29.53M | 26.09M | 44.95M |
Arizona Sonoran Copper Co. Technical Analysis
Positive
7.34
Price Trends
6.64
Positive
5.59
Positive
4.17
Positive
Market Momentum
0.12
Negative
58.05
Neutral
91.19
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ASCU, the sentiment is Positive. The current price of 7.34 is above the 20-day moving average (MA) of 6.81, above the 50-day MA of 6.64, and above the 200-day MA of 4.17, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 58.05 is Neutral, neither overbought nor oversold. The STOCH value of 91.19 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | C$838.53M | 14.93 | 33.30% | 4.11% | 10.41% | -0.23% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | C$1.53B | -124.97 | -5.31% | ― | ― | 22.26% | |
56 Neutral | C$1.20B | -22.07 | -63.51% | ― | ― | -10.32% | |
49 Neutral | C$181.81M | -1.02 | -3.35% | ― | 128.86% | ― | |
46 Neutral | C$1.13B | -33.29 | -17.78% | ― | ― | -104.52% | |
44 Neutral | C$357.61M | -449.00 | -1.26% | ― | ― | 36.84% |
* Basic Materials Sector Average
TSE:ASCU
Arizona Sonoran Copper Co.
7.33
5.50
300.55%
TSE:ARG
Amerigo Resources
5.21
3.73
252.50%
TSE:FDY
Faraday Copper
4.32
3.58
483.78%
TSE:MARI
Marimaca Copper
8.43
4.08
93.79%
TSE:CUU
Copper Fox Metals
0.61
0.37
154.17%
TSE:GCU
Gunnison Copper
0.43
0.18
68.63%
Arizona Sonoran Copper Co. Corporate Events
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...
Business Operations and StrategyPrivate Placements and Financing
Arizona Sonoran Advances Parks/Salyer Drilling to Upgrade Copper Resources
Positive
Feb 11, 2026
Arizona Sonoran Copper Company is progressing an updated mineral resource model for the Parks/Salyer deposit, driven by infill drilling to support a feasibility study for the Cactus Project. The work targets upgrading the starter pit to Measured M...
Business Operations and StrategyExecutive/Board Changes
Arizona Sonoran Bolsters Board and IR Team as Cactus Project Moves Toward Development
Positive
Jan 21, 2026
Arizona Sonoran Copper Company has strengthened its leadership and governance as it advances the Cactus Project toward development, appointing veteran mining finance executive Bill Washington as a non-executive director and promoting seasoned capi...
Business Operations and Strategy
Arizona Sonoran Unveils Fully Funded 2026 Work Plan to Advance Cactus Copper Project
Positive
Jan 14, 2026
Arizona Sonoran Copper has launched a fully funded US$75 million work program for 2026, backed by an approximately US$105 million cash balance, to move its Cactus Project toward a final investment decision as early as the fourth quarter of 2026 an...
Business Operations and StrategyRegulatory Filings and Compliance
Arizona Sonoran Secures Dust Permit, Advances Key Approvals for Expanded Cactus Copper Project
Positive
Jan 7, 2026
Arizona Sonoran Copper Company has secured a Dust Permit from the Pinal County Air Quality Division for its Cactus Project, marking the first key permit received since its November 2025 pre-feasibility study, which outlined annual production of 11...
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.