Laramide Resources (LAM) AI Stock Analysis

• Market Cap: C$168.37M
• Dividend Yield: N/A
• Average Volume (3M): 266.32K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.18
• Revenue Growth: N/A
• EPS Growth: -29.27%
• Country: CA
• Employees: 8
• Sector: Energy
• Sector Strength: 55
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 263,075,350
• 10 Day Avg. Volume: 400,892
• 30 Day Avg. Volume: 266,322
• PEG Ratio: 1.68
• Price to Book (P/B): 1.12
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.20
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 38 Underperform
• Price Target: ―

Laramide Resources faces significant financial difficulties, with no revenue and increasing losses, leading to a low financial performance score. Technical analysis indicates limited momentum, and the valuation is weak due to a negative P/E ratio. However, recent corporate events show potential for future growth with increased uranium reserves and successful exploration efforts. Despite these positive developments, the company's current financial and operational challenges heavily weigh down the overall stock score.

Laramide Resources Business Overview & Revenue Model

Company Description

Laramide Resources Ltd. engages in the mining, exploration, and development of uranium assets in Australia, Canada, and the United States. It holds 100% interest in the Church rock uranium project, the Crownpoint uranium project, the La Jara Mesa Uranium project, and the La Sal Uranium project located in the United States; and holds 100% interest in the Westmoreland Uranium project and the Murphy uranium project located in Australia. The company was incorporated in 1980 and is headquartered in Toronto, Canada.

How the Company Makes Money

Laramide Resources generates revenue primarily through the development and potential sale of uranium produced from its mining operations. The company's revenue model is centered around the exploration and development of uranium properties, aiming to bring these projects into production. Once operational, revenue would be derived from the sale of uranium to nuclear power producers and other entities requiring uranium for energy production. Strategic partnerships with other mining companies or investors may also provide financial support and enhance Laramide's ability to advance its projects. Additionally, factors such as uranium market prices, regulatory approvals, and successful project development are critical to the company's earnings potential.

Laramide Resources Financial Statement Overview

Summary

Laramide Resources is facing significant financial challenges, with no revenue generation and increasing losses impacting profitability and operational efficiency. While the balance sheet shows a solid equity base, the poor cash flow situation suggests potential liquidity risks. The company needs strategic measures to improve its operational and financial performance.

Income Statement

The company has not generated any revenue over the analyzed periods, indicating potential challenges in its business model or market conditions. The net loss has increased significantly in the TTM compared to previous years, with negative EBIT and EBITDA margins, signaling ongoing operational difficulties and inefficiencies.

Balance Sheet

The company's balance sheet shows a moderate debt-to-equity ratio, which indicates a manageable level of leverage. However, the negative net income leads to a poor return on equity, reflecting inefficiencies in generating profits from shareholders' investments. The equity ratio remains robust, suggesting a strong equity base relative to total assets.

Cash Flow

The company exhibits negative operating and free cash flows, with a deterioration in free cash flow growth in the TTM. This indicates difficulties in generating cash from operations and could pose liquidity challenges. The operating cash flow to net income ratio is unfavorable, highlighting cash conversion issues.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-158.00K	-133.00K	-94.01K	-94.69K	-95.52K
EBITDA	-5.59M	-2.75M	-2.66M	-2.69M	-1.39M
Net Income	-6.60M	-4.68M	-616.00K	-8.87M	-5.40M
Balance Sheet
Total Assets	117.77M	109.60M	99.90M	96.57M	92.18M
Cash, Cash Equivalents and Short-Term Investments	5.49M	9.63M	5.77M	8.48M	1.54M
Total Debt	5.86M	4.33M	6.01M	6.82M	7.44M
Total Liabilities	15.51M	12.96M	12.74M	17.85M	15.33M
Stockholders Equity	102.26M	96.64M	87.16M	78.73M	76.85M
Cash Flow
Free Cash Flow	-11.52M	-9.79M	-6.39M	-4.17M	-2.19M
Operating Cash Flow	-3.79M	-2.70M	-1.39M	-2.96M	-1.52M
Investing Cash Flow	-5.38M	-3.63M	-8.57M	-356.08K	-452.49K
Financing Cash Flow	1.37M	13.63M	3.88M	10.87M	1.89M

Laramide Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.63
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LAM, the sentiment is Negative. The current price of 0.63 is below the 20-day moving average (MA) of 0.65, below the 50-day MA of 0.64, and below the 200-day MA of 0.65, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.17 is Neutral, neither overbought nor oversold. The STOCH value of 11.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:LAM.

Laramide Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$14.70B	9.57	6.41%	5.37%	4.12%	-71.24%
HAN	58 Neutral	C$118.80M	―	-21.11%	―	―	74.47%
GQC	50 Neutral	C$249.28M	―	-30.68%	―	―	―
CVV	45 Neutral	C$164.49M	―	-55.96%	―	―	19.32%
LAM	38 Underperform	C$168.37M	―	-5.14%	―	―	-29.27%
AZMCF		$131.26M	―	-86.24%	―	―	―
ARAAF		$159.68M	―	-5.43%	―	―	―

Laramide Resources Corporate Events

Laramide Resources Boosts Uranium Reserves with Updated Westmoreland Report

Laramide Resources has filed a NI 43-101 compliant technical report for its Westmoreland Uranium Project in Queensland, Australia, which indicates a significant increase in mineral resources. The updated estimate reports an indicated resource of 27.8 million tonnes at an average grade of 770 ppm for 48.1 million pounds of U3O8, and an inferred resource of 11.8 million tonnes at 680 ppm for 17.7 million pounds. This update, which includes re-estimates of several deposits and an initial resource for Long Pocket, positions Laramide as a key player in the uranium industry, potentially enhancing its market position and offering promising implications for stakeholders.

Spark’s Take on TSE:LAM Stock

According to Spark, TipRanks’ AI Analyst, TSE:LAM is a Underperform.

Laramide Resources is currently facing significant financial challenges with no revenue and increasing losses. Technical analysis indicates a downward trend with limited momentum, and the valuation is adversely affected by a negative P/E ratio and lack of dividend yield. Combined, these factors contribute to a low overall stock score, reflecting the company’s operational and financial inefficiencies.

To see Spark’s full report on TSE:LAM stock, click here.

Laramide Resources Sees Debt Conversion and Increased Stake by Boss Energy

Laramide Resources announced the full conversion of a USD $3.5 million convertible debt held by Extract Advisors LLC, which was converted at CDN $0.40. Additionally, Boss Energy increased its stake in Laramide to 18.4%, citing the potential of Laramide’s Westmoreland Project in Queensland. This investment is seen as a strong endorsement of the project’s potential, especially with the possibility of policy changes under the new Queensland government that could permit uranium mining. Laramide is also expanding its resource estimates and initiating exploration in Kazakhstan, which could enhance its strategic positioning in the uranium market.

Laramide Resources Boosts Uranium Estimates at Westmoreland Project

Laramide Resources has announced an updated Mineral Resource Estimate for its Westmoreland Uranium Project in northwest Queensland, Australia. The new estimate shows a significant increase in resources, with a 34% rise in Indicated Resources and an 11% increase in Inferred Resources compared to the 2009 estimate. The project, which includes four deposits, now ranks as one of the largest undeveloped uranium deposits globally, with potential to become a top 10 uranium mine. The update supports the project’s long-term viability and its potential contribution to regional development and the nuclear power industry. Laramide plans to transition the project to a development phase, pending government support, while continuing exploration efforts to further expand the resource base.

Laramide Resources Concludes Successful 2024 Drill Campaign at Westmoreland

Laramide Resources has completed its 2024 drill campaign at the Westmoreland Uranium Project in Queensland, Australia, marking its largest program to date with 106 holes drilled. The results demonstrate the potential for broad mineralization and scalability, reinforcing the economic viability of the project as a significant future source of global uranium supply. The campaign, which included infill and extensional drilling, suggests promising resource expansion opportunities, with a Global Mineral Resource Estimate update expected by Q1 2025.