Azimut Exploration Inc (TSE:AZM)
:AZM
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Azimut Exploration
(AZM)
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Rating:44Neutral
Price Target:
C$0.67
▼(-25.67% Downside)
Action:ReiteratedDate:02/10/26
The score is held down primarily by weak financial performance: significant losses and ongoing cash burn outweigh the positives of strong revenue growth and high gross margin. Technical indicators also reflect soft momentum with the stock trading below key short-term averages. Valuation offers limited support because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Revenue growth & high gross margin
Sustained revenue growth alongside a high gross margin indicates the company captures strong economics when transactions occur. For an exploration firm, healthy gross margins improve the ability to retain value from option deals or property sales, supporting funding for follow-up work and making project economics more attractive to partners over the medium term.
Negative Factors
Deeply negative profitability
A very large negative net margin shows the business is not covering its total operating costs and corporate overhead. Persistently negative profitability undermines the company's ability to self-fund exploration, raises the probability of repeated equity raises, and complicates demonstrating long-term investor returns unless project monetizations improve materially.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth & high gross margin
Sustained revenue growth alongside a high gross margin indicates the company captures strong economics when transactions occur. For an exploration firm, healthy gross margins improve the ability to retain value from option deals or property sales, supporting funding for follow-up work and making project economics more attractive to partners over the medium term.
Read all positive factors
Azimut Exploration (AZM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$72.53M
Dividend YieldN/A
Average Volume (3M)83.62K
Price to Earnings (P/E)31.0
Beta (1Y)1.09
Revenue GrowthN/A
EPS Growth-5360.00%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding100,729,310
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. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for copper, gold, zinc, silver, cobalt, tungsten, rare earth elements, uranium, chromium, nickel, and platinum gr...
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
28
Negative
Balance Sheet
76
Positive
Cash Flow
22
Negative
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 363.20K | 443.58K | 139.56K | 107.44K | 314.59K |
| Gross Profit | 262.33K | 307.77K | 60.05K | 45.45K | 254.23K |
| EBITDA | -3.29M | -886.00K | -1.74M | -1.70M | -1.49M |
| Net Income | -2.48M | 42.59K | -1.83M | 1.62M | -551.00K |
Balance Sheet | |||||
| Total Assets | 65.89M | 57.66M | 46.67M | 54.21M | 51.86M |
| Cash, Cash Equivalents and Short-Term Investments | 13.64M | 11.77M | 3.32M | 15.94M | 27.64M |
| Total Debt | 320.33K | 50.67K | 105.16K | 73.44K | 118.66K |
| Total Liabilities | 9.38M | 7.90M | 3.14M | 7.03M | 7.53M |
| Stockholders Equity | 56.51M | 49.76M | 43.53M | 47.18M | 44.33M |
Cash Flow | |||||
| Free Cash Flow | -7.73M | -11.48M | -17.58M | -15.02M | -13.38M |
| Operating Cash Flow | 2.05M | -512.30K | -735.88K | 1.77M | -846.53K |
| Investing Cash Flow | -8.68M | 1.08M | -10.14M | -15.53M | -9.97M |
| Financing Cash Flow | 8.51M | 7.88M | 158.74K | 158.20K | 32.63M |
Azimut Exploration Technical Analysis
Negative
0.90
Price Trends
0.80
Negative
0.79
Negative
0.74
Negative
Market Momentum
-0.02
Negative
47.43
Neutral
81.48
Negative
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 0.72, above the 50-day MA of 0.80, and above the 200-day MA of 0.74, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 47.43 is Neutral, neither overbought nor oversold. The STOCH value of 81.48 is Negative, 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% | |
48 Neutral | C$108.41M | -9.60 | -35.13% | ― | ― | 36.48% | |
47 Neutral | C$100.54M | -11.95 | -21.77% | ― | ― | -2.52% | |
44 Neutral | C$72.53M | 30.99 | -3.24% | ― | ― | -5360.00% | |
41 Neutral | C$77.14M | -5.18 | -102.50% | ― | ― | 44.16% |
* Basic Materials Sector Average
TSE:AZM
Azimut Exploration
0.72
0.26
56.52%
TSE:LEO
Lion Copper and Gold
0.38
0.26
216.67%
TSE:RCK
Rock Tech Lithium
0.94
-0.15
-13.76%
TSE:NWST
Northwest Copper
0.39
0.23
140.63%
TSE:ETL
E3 Lithium
1.15
0.45
64.29%
TSE:AMC
Arizona Metals
0.56
-0.62
-52.54%
Azimut Exploration Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Azimut Shareholders Back Board as Explorer Ramps Up Drilling at Flagship Quebec Projects
Positive
Mar 2, 2026
Azimut Exploration reported that shareholders approved all items at its recent annual general meeting, including the election of the full slate of directors and the reappointment of key executives, with voter participation nearing 68 percent of ou...
Business Operations and Strategy
Azimut and KGHM Extend High-Grade Nickel-PGE Zone at Kukamas in James Bay
Positive
Feb 26, 2026
Azimut Exploration and its partner KGHM have reported strong 2025 drilling results from the Perseus Zone on the Kukamas Property in Quebec’s James Bay region, expanding high-grade nickel and PGE mineralization across both the Main and East z...
Business Operations and StrategyM&A Transactions
Azimut Sells Galinée Stake to LiFT Power, Refocuses on Flagship Quebec Projects
Positive
Feb 18, 2026
Azimut Exploration has completed the sale of its 50% interest in the Galinée lithium property in Quebec’s James Bay region to LiFT Power in a share-based deal valued at about $13.4 million, plus a deferred payment. The company retains u...
Business Operations and Strategy
Azimut Confirms Major Gold Discovery at Rosa Zone on Wabamisk Property
Positive
Feb 9, 2026
Azimut Exploration has confirmed a significant gold discovery at the Rosa Zone on its wholly owned Wabamisk Property in Québec’s James Bay region, with maiden drilling outlining a robust, laterally continuous system traced over at least...
Business Operations and Strategy
Azimut Launches 10,000-metre Drill Program to Grow Patwon Gold Deposit at Elmer
Positive
Jan 22, 2026
Azimut Exploration plans a 10,000-metre diamond drill program on its wholly owned Elmer Property in Québec’s James Bay region to expand the Patwon gold deposit and test nearby high-priority targets identified through an internal scoping...
Business Operations and Strategy
Azimut Steps Up Drilling and Market Work at Major Antimony-Gold Discovery in James Bay
Positive
Jan 21, 2026
Azimut Exploration has launched a new minimum 5,000-metre diamond drilling program on the Fortin antimony-gold zone at its wholly owned Wabamisk Property in the Eeyou Istchee James Bay region of Québec, where it has already outlined a 1.8-kil...
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.