Laramide Resources (LAM) AI Stock Analysis

• Market Cap: C$238.24M
• Dividend Yield: N/A
• Average Volume (3M): 720.50K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.33
• Revenue Growth: N/A
• EPS Growth: 27.96%
• Country: CA
• Employees: 8
• Sector: Energy
• Sector Strength: 52
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 283,620,360
• 10 Day Avg. Volume: 584,611
• 30 Day Avg. Volume: 720,496
• PEG Ratio: -0.82
• Price to Book (P/B): 1.56
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -13.83
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: C$0.86 ▲(30.91% Upside)

The score is held down primarily by weak financial performance (loss-making with no reported revenue and ongoing cash burn). Technicals provide partial support due to strong momentum above key moving averages, but overbought indicators add near-term risk. Valuation is also a headwind because negative earnings make P/E less informative and there is no dividend yield.

Positive Factors

Low leverage / conservative balance sheet

Extremely low debt provides structural financial flexibility for a development-stage explorer. It reduces refinancing and interest-rate risk, enabling the company to prioritize exploration and permitting over the next several months without immediate debt servicing pressures.

Growing equity base

A materially larger equity base increases the company’s capital buffer and supports ongoing exploration and permitting activity. This enhances runway for technical studies and regulatory work, making near-term project de‑risking and asset advancement more feasible.

Focused asset strategy in stable jurisdictions

Concentrating assets in Australia and the U.S. aligns the company with jurisdictions that have clearer regulatory frameworks and established mining infrastructure. This structural positioning improves prospects for partnerships, permitting progress, and eventual project monetization over the medium term.

Negative Factors

Persistent negative operating cash flow

Recurring negative operating and free cash flow represents a durable drain on resources. Continued cash burn forces reliance on external financing, increases dilution risk, and can constrain sustained exploration and permitting programs critical to advancing assets toward monetization.

No revenue; ongoing losses

The absence of operating revenue and persistent losses mean the business lacks internally generated funding. Over months this undermines return metrics and raises the bar for successful project milestones or transactions needed to justify further investment and sustain operations.

Reliance on capital markets for funding

Dependence on equity and corporate financings makes the company vulnerable to capital-market cycles. If markets tighten or investor appetite for explorers wanes, raising required funds for drilling, permitting, or technical studies could be delayed or dilutive, impeding project advancement.

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

Financials are weak overall due to persistent losses, no reported revenue across periods, and consistently negative EBIT/EBITDA and net income. Cash flow is a major drag with recurring negative operating cash flow and deeply negative free cash flow (worsened in TTM). The main offset is a conservatively levered balance sheet with very low debt and a growing equity base, but continued losses risk eroding that strength over time.

Income Statement

The company remains in a loss-making profile with no reported revenue across all periods provided, and consistently negative gross profit, EBIT/EBITDA, and net income. Losses narrowed in 2023 versus 2021–2022, but deteriorated again in 2024 and stayed elevated in TTM (Trailing-Twelve-Months), indicating limited earnings momentum and continued reliance on funding rather than operating profitability.

Balance Sheet

The balance sheet appears conservatively levered, with low debt relative to equity (debt-to-equity ~0.01 in TTM (Trailing-Twelve-Months) and ~0.04–0.10 historically). Equity has grown over time (from ~C$76.9M in 2020 to ~C$121.1M in TTM), supporting financial flexibility. The key weakness is persistent negative returns on equity (losses against a sizable equity base), which can erode balance sheet strength if sustained.

Cash Flow

Cash generation remains a clear pressure point: operating cash flow is negative in every year shown and worsened in TTM (Trailing-Twelve-Months) (about -C$5.2M). Free cash flow is also consistently negative and deepened in TTM (about -C$12.9M), signaling ongoing cash burn. While free cash flow growth in TTM is positive versus the prior period, absolute cash outflows remain large and recurring.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-114.77K	-158.01K	-133.00K	-94.01K	-94.69K	-95.52K
EBITDA	-2.98M	-5.59M	-2.62M	-2.66M	-2.60M	-1.30M
Net Income	-3.89M	-6.60M	-4.68M	-616.00K	-8.87M	-5.40M
Balance Sheet
Total Assets	127.34M	117.77M	109.60M	99.90M	96.57M	92.18M
Cash, Cash Equivalents and Short-Term Investments	7.60M	5.49M	9.63M	5.77M	8.48M	1.54M
Total Debt	1.23M	5.86M	4.33M	6.01M	6.82M	7.44M
Total Liabilities	6.22M	15.51M	12.96M	12.74M	17.85M	15.33M
Stockholders Equity	121.11M	102.26M	96.64M	87.16M	78.73M	76.85M
Cash Flow
Free Cash Flow	-12.85M	-11.52M	-9.79M	-6.39M	-4.17M	-2.19M
Operating Cash Flow	-5.22M	-3.79M	-2.70M	-1.39M	-2.96M	-1.52M
Investing Cash Flow	-3.10M	-5.38M	-3.63M	-8.57M	-356.08K	-452.49K
Financing Cash Flow	13.15M	1.37M	13.63M	3.88M	10.87M	1.89M

Laramide Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.66
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LAM, the sentiment is Positive. The current price of 0.66 is below the 20-day moving average (MA) of 0.74, above the 50-day MA of 0.64, and above the 200-day MA of 0.62, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 56.49 is Neutral, neither overbought nor oversold. The STOCH value of 65.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:LAM.

Laramide Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
CVV	53 Neutral	C$198.03M	-9.75	-68.08%	―	―	-69.65%
GLO	52 Neutral	C$318.08M	-71.57	-1.71%	―	52.34%	69.28%
LAM	51 Neutral	C$238.24M	-51.97	-3.57%	―	―	27.96%
FSY	50 Neutral	C$115.02M	-36.96	-9.83%	―	―	49.12%
LRA	48 Neutral	C$150.61M	-42.90	-50.05%	―	―	-1816.67%
PGE	47 Neutral	C$141.41M	-15.06	-120.57%	―	―	-89.71%

Laramide Resources Corporate Events

Laramide Walks Away from Kazakhstan Uranium Project After Policy Shift

Laramide Resources has terminated its option agreement with Aral Resources for the Chu-Sarysu Basin uranium project in Kazakhstan, abandoning a major greenfield exploration initiative that covered 22 subsoil licences across more than 5,500 square kilometres. The decision follows newly enacted changes to Kazakhstan’s Subsoil Use Code that significantly increase the mandatory ownership stake of the national uranium company, Kazatomprom, in any new uranium discoveries, combined with higher holding costs and prior permitting delays that had already stalled a planned 15,000-metre drilling program. Laramide now considers the economics of foreign uranium exploration investment in Kazakhstan unviable and has ceased all funding for the project, signalling a strategic refocus on its core development-stage assets in the United States and Australia and highlighting rising resource nationalism risks for international uranium explorers operating in the country.

The most recent analyst rating on (TSE:LAM) stock is a Hold with a C$0.63 price target. To see the full list of analyst forecasts on Laramide Resources stock, see the TSE:LAM Stock Forecast page.

Laramide Exits Kazakhstan Uranium Project After Policy Shift Favors Kazatomprom

Laramide Resources has terminated its option agreement with Aral Resources for the Chu-Sarysu Basin uranium project in Kazakhstan, abandoning a major greenfield exploration initiative covering 22 subsoil use licences and more than 5,500 square kilometres in one of the world’s most prospective uranium regions. The decision follows newly enacted changes to Kazakhstan’s Subsoil Use legislation that sharply increase Kazatomprom’s mandated ownership in any new uranium discoveries and, combined with higher holding costs and prior permitting delays, have led Laramide to conclude that foreign investment in uranium exploration there is no longer economically viable, prompting the company to cease funding activities in Kazakhstan and reaffirm its strategic focus on its core U.S. and Australian uranium assets.

The most recent analyst rating on (TSE:LAM) stock is a Hold with a C$0.63 price target. To see the full list of analyst forecasts on Laramide Resources stock, see the TSE:LAM Stock Forecast page.