Zephyr Minerals Ltd. (TSE:ZFR)
:ZFR
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Zephyr Minerals
(ZFR)
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Rating:48Neutral
Price Target:
C$0.06
▲(6.67% Upside)
Action:ReiteratedDate:01/22/26
The score is held back primarily by the lack of revenue, continued losses, and ongoing cash burn, which create high execution and financing risk. Offsetting this is a comparatively strong, low-leverage balance sheet. Technicals are broadly neutral and valuation is constrained by negative earnings and no dividend support.
Positive Factors
Low leverage
A very low debt load relative to equity gives the company structural financial flexibility. This conservatively financed balance sheet reduces near-term refinancing risk, supports funding exploration or development, and provides runway to execute strategy without immediate reliance on dilutive capital.
Negative Factors
No revenue
Absence of revenue indicates a pre-production/exploration profile with no operating cash generation. This structural lack of topline increases execution and financing risk, leaving the company dependent on external capital until commercial production or other revenue sources emerge.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A very low debt load relative to equity gives the company structural financial flexibility. This conservatively financed balance sheet reduces near-term refinancing risk, supports funding exploration or development, and provides runway to execute strategy without immediate reliance on dilutive capital.
Read all positive factors
Zephyr Minerals (ZFR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.52M
Dividend YieldN/A
Average Volume (3M)7.73K
Price to Earnings (P/E)―
Beta (1Y)0.35
Revenue GrowthN/A
EPS Growth21.43%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding86,911,990
10 Day Avg. Volume1,000
30 Day Avg. Volume7,734
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)0.53
Price to Sales (P/S)0.00
P/FCF Ratio-19.49
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
Zephyr Minerals Business Overview & Revenue Model
Company Description
Zephyr Minerals Ltd., through its subsidiary, Zephyr Gold USA Ltd., engages in the exploration, evaluation, and development of mineral properties in Canada and the United States. It explores for gold, silver, zinc, and lead deposits. The company h...
How the Company Makes Money
Zephyr Minerals generates revenue through the exploration and potential development of its mineral properties. The company's primary revenue stream arises from the discovery and delineation of mineral resources, which can then be developed into ec...
Zephyr Minerals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
26
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -262.74K | -175.29K | -494.18K | -625.47K | -625.42K | -627.72K |
| Net Income | -265.02K | -175.29K | -2.08M | -770.82K | -625.42K | -627.72K |
Balance Sheet | ||||||
| Total Assets | 5.51M | 5.34M | 5.28M | 6.91M | 7.18M | 7.45M |
| Cash, Cash Equivalents and Short-Term Investments | 79.90K | 95.73K | 116.80K | 402.95K | 712.86K | 1.42M |
| Total Debt | 25.61K | 25.61K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 250.96K | 201.65K | 163.14K | 152.12K | 131.30K | 96.46K |
| Stockholders Equity | 5.26M | 5.13M | 5.11M | 6.76M | 7.05M | 7.35M |
Cash Flow | ||||||
| Free Cash Flow | -129.28K | -139.08K | -624.67K | -654.30K | -757.04K | -1.90M |
| Operating Cash Flow | -116.31K | -139.08K | -467.45K | -500.43K | -324.91K | -447.84K |
| Investing Cash Flow | -190.00K | -71.60K | -157.22K | -113.27K | -432.13K | -1.46M |
| Financing Cash Flow | 254.45K | 189.60K | 338.52K | 303.79K | 48.35K | 3.23M |
Zephyr Minerals Technical Analysis
Neutral
0.06
Price Trends
0.07
Positive
0.06
Positive
0.06
Positive
Market Momentum
<0.01
Positive
50.37
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ZFR, the sentiment is Neutral. The current price of 0.06 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.07, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.37 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ZFR.
Zephyr Minerals 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% | |
50 Neutral | C$6.84M | -1.06 | ― | ― | ― | ― | |
48 Neutral | C$6.52M | -23.89 | -5.00% | ― | ― | 21.43% | |
47 Neutral | C$3.70M | -5.46 | ― | ― | ― | 75.02% | |
45 Neutral | C$4.77M | -103.83 | 13.24% | ― | ― | ― | |
44 Neutral | C$3.83M | -1.41 | -27.44% | ― | ― | ― | |
43 Neutral | C$3.62M | -1.77 | 100.27% | ― | ― | 45.20% |
* Basic Materials Sector Average
TSE:ZFR
Zephyr Minerals
0.08
0.04
114.29%
TSE:IMR
iMetal Resources
0.10
-0.14
-58.70%
TSE:NXS
Nexus Gold
0.29
0.03
14.00%
TSE:XIM
Ximen Mining
0.06
-0.07
-53.33%
TSE:TRG
Tarachi Gold
0.04
0.02
60.00%
TSE:GSRI
Golden Shield Resources Inc.
0.28
0.03
12.00%
Zephyr Minerals Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Zephyr Minerals Upsizes Private Placement to Advance Dawson Gold Permitting
Positive
Jan 27, 2026
Zephyr Minerals has increased the size of its previously announced non-brokered private placement to 5.2 million units at $0.05 per unit, for potential gross proceeds of up to $260,000, with each unit comprising one common share and a two-year war...
Business Operations and StrategyPrivate Placements and Financing
Zephyr Minerals Launches Private Placement to Advance Dawson Gold Permitting
Positive
Jan 21, 2026
Zephyr Minerals plans to raise up to C$200,000 through a non-brokered private placement of up to 4 million units priced at C$0.05, each unit comprising one common share and a two-year warrant exercisable at C$0.10, with proceeds earmarked for gene...
Business Operations and StrategyExecutive/Board Changes
Zephyr Minerals Advances Dawson Gold Project with New Environmental Program
Positive
Dec 9, 2025
Zephyr Minerals Ltd. has engaged Pinyon Environmental, Inc. to conduct a comprehensive water monitoring program to support the resubmission of a mining permit application for its Dawson Gold Property in Colorado. The program aims to establish base...
Business Operations and Strategy
Zephyr Minerals Advances Dawson Gold Project Amid Rising Gold Prices
Positive
Nov 4, 2025
Zephyr Minerals Ltd. has completed a water well drilling program to support its mining permit application for the Dawson Gold Property in Colorado. The company is also planning exploratory trenching at its Judith Patented Placer Claim and reviewin...
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.