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Azimut Exploration
(AZM)
Azimut Exploration (AZM) vs. iShares MSCI Canada ETF (EWC)
Azimut Exploration Business Overview & Revenue Model
Azimut Exploration Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 363.20K | 363.20K | 443.58K | 139.56K | 107.44K | 314.59K |
| Gross Profit | 262.33K | 262.33K | 307.77K | 60.05K | 45.45K | 254.23K |
| EBITDA | -3.29M | -3.29M | -886.00K | -1.74M | -1.70M | -1.49M |
| Net Income | -2.48M | -2.48M | 42.59K | -1.83M | 1.62M | -551.00K |
Balance Sheet | ||||||
| Total Assets | 65.89M | 65.89M | 57.66M | 46.67M | 54.21M | 51.86M |
| Cash, Cash Equivalents and Short-Term Investments | 13.64M | 13.64M | 11.77M | 3.32M | 15.94M | 27.64M |
| Total Debt | 320.33K | 320.33K | 50.67K | 105.16K | 73.44K | 118.66K |
| Total Liabilities | 9.38M | 9.38M | 7.90M | 3.14M | 7.03M | 7.53M |
| Stockholders Equity | 56.51M | 56.51M | 49.76M | 43.53M | 47.18M | 44.33M |
Cash Flow | ||||||
| Free Cash Flow | -7.82M | -7.73M | -11.48M | -17.58M | -15.02M | -13.38M |
| Operating Cash Flow | 2.05M | 2.05M | -512.30K | -735.88K | 1.77M | -846.53K |
| Investing Cash Flow | -8.68M | -8.68M | 1.08M | -10.14M | -15.53M | -9.97M |
| Financing Cash Flow | 8.51M | 8.51M | 7.88M | 158.74K | 158.20K | 32.63M |
Azimut Exploration Technical Analysis
Azimut Exploration Peers Comparison
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% | |
53 Neutral | C$110.16M | -5.66 | -102.50% | ― | ― | 44.16% | |
48 Neutral | C$98.62M | -50.26 | -4.67% | ― | ― | -5360.00% | |
48 Neutral | C$138.39M | -10.29 | -34.52% | ― | ― | 36.48% | |
47 Neutral | C$115.48M | -10.00 | -20.41% | ― | ― | -2.52% |
Azimut Exploration Corporate Events
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 study and reinterpretation of previous drilling. Building on a 2023 NI 43-101 resource estimate that outlined significant indicated and inferred ounces under varying gold-price assumptions, the company sees strong potential to grow resources along strike and at relatively shallow depths, and, contingent on positive drilling results, intends to update its mineral resource estimate and launch a preliminary economic assessment supported by advanced metallurgical, geotechnical, infrastructure and environmental studies, underscoring its ambition to advance Patwon toward development in a favourable gold-price environment.
The most recent analyst rating on (TSE:AZM) stock is a Hold with a C$0.90 price target. To see the full list of analyst forecasts on Azimut Exploration stock, see the TSE:AZM Stock Forecast page.
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-kilometre-long mineralized body open in all directions and is also delineating a nearby gold target and the Rosa gold zone 15 kilometres to the west. The company is accelerating project advancement through deeper drilling to test for gold enrichment, commissioning metallurgical testing and a market study for Fortin’s antimony products, and reassessing the property’s broader gold potential along a 15-kilometre underexplored corridor, following strong drilling results in which 83% of recent holes intersected significant antimony mineralization, many with meaningful gold grades, underscoring the zone’s potential to become one of Canada’s largest antimony-bearing systems.
The most recent analyst rating on (TSE:AZM) stock is a Hold with a C$0.90 price target. To see the full list of analyst forecasts on Azimut Exploration stock, see the TSE:AZM Stock Forecast page.
Azimut Exploration has granted 1,115,000 stock options as part of its year-end compensation review, with the bulk of the options (1,020,000) going to directors and officers and the remainder to employees and consultants. The options are exercisable at $0.79 per share over a 10-year period, aligning management, staff and external partners with the company’s long-term exploration strategy across its key gold, copper, nickel and lithium projects in Quebec and reinforcing incentive structures as it advances multiple drilling and evaluation programs.
The most recent analyst rating on (TSE:AZM) stock is a Hold with a C$0.80 price target. To see the full list of analyst forecasts on Azimut Exploration stock, see the TSE:AZM Stock Forecast page.
Azimut Exploration has agreed to sell its 50% interest in the Galinée lithium property in Quebec’s James Bay region to LiFT Power in exchange for 2 million LiFT shares, a 1.4% net smelter return royalty and a deferred payment of $1.5 million in cash or shares, valuing the consideration at roughly $10.3 million based on recent market prices. The deal, which remains subject to customary closing conditions and TSX Venture Exchange approval, aligns with Azimut’s strategy to concentrate capital and management attention on its flagship Wabamisk and Elmer projects while retaining upside exposure to the emerging Galinée-Adina lithium hub through both equity and royalty interests, reinforcing its balance sheet and strategic positioning in Quebec’s critical minerals sector.
The most recent analyst rating on (TSE:AZM) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Azimut Exploration stock, see the TSE:AZM Stock Forecast page.
Azimut Exploration has further defined an extensive, high-grade lithium pegmatite field on its 100%-owned Wabamisk East Property in Quebec’s James Bay region, confirming the area’s strong lithium potential. The 2025 field program identified at least 138 spodumene-bearing outcrops and returned 340 samples above 0.5% Li2O, averaging 1.94% Li2O, while initial diamond drilling across five holes confirmed down-dip extensions of mineralized outcrops at several prospects, with numerous drill-ready high-grade targets supporting a more substantial follow-up campaign in 2026 despite Rio Tinto’s decision to terminate its option agreement on the project. The company is simultaneously advancing nearby gold and antimony-gold zones on the adjacent Wabamisk Property, positioning itself as a key regional player in both lithium and precious metals exploration in the James Bay district.
The most recent analyst rating on (TSE:AZM) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Azimut Exploration stock, see the TSE:AZM Stock Forecast page.
Azimut Exploration Inc. and SOQUEM Inc. have signed a non-binding letter of intent to restructure their joint venture on the Galinée Property by selling a 75% interest to LiFT Power Ltd. This move is part of LiFT’s strategy to consolidate the Galinée-Adina Lithium District in Quebec, enhancing its property package for lithium exploration. Azimut will become a significant shareholder in LiFT and retain a 1.4% NSR royalty, aligning with its goal to focus on flagship assets while maintaining exposure to lithium districts. The transaction, which includes share issuance and a deferred payment to Azimut, is subject to definitive agreements and regulatory approvals.
The most recent analyst rating on (TSE:AZM) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Azimut Exploration stock, see the TSE:AZM Stock Forecast page.
Azimut Exploration Inc. has completed its maiden diamond drilling program on the Rosa Zone of its Wabamisk Property in James Bay, Québec, with 26 holes drilled totaling 3,633 meters. The program revealed visible gold in 11 of the holes, suggesting a promising east-west trend of gold-bearing outcrops. The company plans to expand its drilling efforts early next year, pending assay results, which could significantly enhance its exploration operations and market positioning.
The most recent analyst rating on (TSE:AZM) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Azimut Exploration stock, see the TSE:AZM Stock Forecast page.
Azimut Exploration Inc. and SOQUEM have signed a Sale and Purchase Agreement with PMET Resources for the Pikwa Property in Quebec’s James Bay region. This transaction allows Azimut to focus on its flagship assets while retaining exposure to the lithium district through equity ownership in PMET and retained royalties. The agreement involves PMET acquiring a 100% interest in the property by issuing shares to Azimut and SOQUEM, with resale restrictions on these shares. The Pikwa Property is strategically located within a promising lithium trend, enhancing its potential value. Additionally, Azimut has amended its stock option plan to increase the number of shares reserved for future issuance, pending TSX approval.
The most recent analyst rating on (TSE:AZM) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Azimut Exploration stock, see the TSE:AZM Stock Forecast page.
Azimut Exploration Inc. has reported promising high-grade gold assay results from channel sampling at the Rosa Zone on its Wabamisk Property in James Bay, Québec. The discovery of visible gold in several drill holes and the correlation with gold-bearing outcrops over a significant strike extent has led the company to expand its drilling program. This development could enhance Azimut’s operational prospects and strengthen its position in the gold exploration sector, potentially benefiting stakeholders through increased resource estimates and exploration success.
The most recent analyst rating on (TSE:AZM) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Azimut Exploration stock, see the TSE:AZM Stock Forecast page.