Azimut Exploration Inc (TSE:AZM)
:AZM
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Azimut Exploration
(AZM)
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Rating:52Neutral
Price Target:
C$0.63
▼(-30.44% Downside)
Action:Reiterated
Date:04/28/26
The score is held back primarily by weak operating results and ongoing cash burn despite a very strong, low-debt balance sheet. Technically, the stock is in a soft trend below major moving averages, while valuation looks optically cheap on P/E but is less compelling given earnings quality and cash-flow risk.
Positive Factors
Very low leverage / strong balance sheet
Extremely low leverage and growing equity/assets provide durable financial flexibility for a junior explorer. This reduces bankruptcy risk, enables funding of multi-year exploration campaigns, and improves negotiating power with partners, allowing the company to sustain operations during cash burn periods.
Negative Factors
Negative operating and free cash flow
Sustained negative operating and free cash flows mean the company depends on external financing or asset transactions to fund exploration. Over months this raises dilution risk, constrains the ability to maintain continuous programs, and can force deal timing that’s suboptimal for shareholders.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low leverage and growing equity/assets provide durable financial flexibility for a junior explorer. This reduces bankruptcy risk, enables funding of multi-year exploration campaigns, and improves negotiating power with partners, allowing the company to sustain operations during cash burn periods.
Read all positive factors
Azimut Exploration (AZM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$62.48M
Dividend YieldN/A
Average Volume (3M)83.62K
Price to Earnings (P/E)6.9
Beta (1Y)1.06
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees11
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.09
Shares Outstanding100,779,310
10 Day Avg. Volume110,095
30 Day Avg. Volume83,621
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.21
Price to Sales (P/S)188.37
P/FCF Ratio-8.86
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
Azimut Exploration Business Overview & Revenue Model
Company Description
Azimut Exploration Inc. is dedicated to identifying, acquiring, and assessing mineral resource opportunities throughout Canada. The company's exploration activities encompass a broad spectrum of valuable elements, including gold, copper, zinc, sil...
How the Company Makes Money
Azimut Exploration primarily makes money through mineral exploration project transactions rather than from producing mines. Its revenue model typically centers on (1) option and joint-venture agreements where a partner (often a larger mining compa...
Azimut Exploration Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
82
Very Positive
Cash Flow
34
Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 331.08K | 363.20K | 443.58K | 139.56K | 107.44K | 314.59K |
| Gross Profit | 268.59K | 262.33K | 307.77K | 60.05K | 45.45K | 254.23K |
| EBITDA | -2.50M | -3.29M | -886.00K | -1.74M | -1.70M | -1.49M |
| Net Income | 9.25M | -2.48M | 42.59K | -1.83M | 1.62M | -551.00K |
Balance Sheet | ||||||
| Total Assets | 75.06M | 65.89M | 57.66M | 46.67M | 54.21M | 51.86M |
| Cash, Cash Equivalents and Short-Term Investments | 4.10M | 13.64M | 11.77M | 3.32M | 15.94M | 27.64M |
| Total Debt | 464.14K | 320.33K | 50.67K | 105.16K | 73.44K | 118.66K |
| Total Liabilities | 6.74M | 9.38M | 7.90M | 3.14M | 7.03M | 7.53M |
| Stockholders Equity | 68.32M | 56.51M | 49.76M | 43.53M | 47.18M | 44.33M |
Cash Flow | ||||||
| Free Cash Flow | -5.14M | -7.73M | -11.48M | -17.58M | -15.02M | -13.38M |
| Operating Cash Flow | -2.69M | 2.05M | -512.30K | -735.88K | 1.77M | -846.53K |
| Investing Cash Flow | -7.14M | -8.68M | 1.08M | -10.14M | -15.53M | -9.97M |
| Financing Cash Flow | 8.08M | 8.51M | 7.88M | 158.74K | 158.20K | 32.63M |
Azimut Exploration Technical Analysis
Negative
0.90
Price Trends
0.69
Negative
0.72
Negative
0.76
Negative
Market Momentum
-0.01
Positive
37.19
Neutral
29.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AZM, the sentiment is Negative. The current price of 0.9 is above the 20-day moving average (MA) of 0.67, above the 50-day MA of 0.69, and above the 200-day MA of 0.76, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 37.19 is Neutral, neither overbought nor oversold. The STOCH value of 29.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:AZM.
Azimut Exploration 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% | |
52 Neutral | C$62.48M | 6.94 | 15.43% | ― | ― | ― | |
45 Neutral | C$97.20M | -7.96 | -34.10% | ― | ― | 22.20% | |
44 Neutral | C$103.47M | -14.71 | -21.77% | ― | ― | 42.53% | |
41 Neutral | C$78.23M | -13.24 | -8.67% | ― | ― | -26.88% | |
39 Underperform | C$23.42M | -1.27 | -82.10% | ― | ― | 32.24% |
* Basic Materials Sector Average
TSE:AZM
Azimut Exploration
0.62
-0.01
-1.59%
TSE:LEO
Lion Copper and Gold
0.24
0.08
51.61%
TSE:RCK
Rock Tech Lithium
0.84
-0.09
-9.68%
TSE:NWST
Northwest Copper
0.29
0.11
61.11%
TSE:ETL
E3 Lithium
1.15
0.33
40.24%
TSE:AMC
Arizona Metals
0.16
-1.15
-87.79%
Azimut Exploration Corporate Events
Business Operations and Strategy
Azimut and SOQUEM Forge Strategic Alliance for Northern Nickel Corridor in James Bay
Positive
Apr 14, 2026
Azimut Exploration has entered into a non-binding letter of intent with Quebec government-backed SOQUEM Inc. to form a regional strategic alliance on the Northern Nickel Corridor in the Eeyou Istchee James Bay region. The project covers 27 claim b...
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.