Zephyr Minerals Ltd. (TSE:ZFR)
:ZFR
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Zephyr Minerals
(ZFR)
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Rating:54Neutral
Price Target:
C$0.08
▲(36.67% Upside)
Action:ReiteratedDate:04/23/26
The score is held back primarily by weak fundamentals (no revenue, ongoing losses, and negative free cash flow), partially offset by a low-debt balance sheet and improving loss/cash-burn trends. Technicals are supportive with an uptrend and positive momentum, but valuation is constrained by negative earnings and no dividend yield support.
Positive Factors
Low leverage / strong balance sheet
Very low debt and a multi-million equity base give Zephyr structural financial flexibility typical for early-stage miners. This reduces short-term solvency risk, supports funding exploration or development without immediate solvency pressure, and lengthens runway versus highly leveraged peers.
Negative Factors
Pre-revenue company
Having no revenue across multiple years leaves the business model unproven and prevents assessment of demand, unit economics, or margin sustainability. Reliance on financing rather than operating receipts is a structural risk until commercial production or sales commence.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low debt and a multi-million equity base give Zephyr structural financial flexibility typical for early-stage miners. This reduces short-term solvency risk, supports funding exploration or development without immediate solvency pressure, and lengthens runway versus highly leveraged peers.
Read all positive factors
Zephyr Minerals (ZFR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.95M
Dividend YieldN/A
Average Volume (3M)7.73K
Price to Earnings (P/E)―
Beta (1Y)0.41
Revenue GrowthN/A
EPS Growth-34.78%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding86,911,990
10 Day Avg. Volume1,000
30 Day Avg. Volume7,734
Financial Highlights & Ratios
PEG Ratio-0.73
Price to Book (P/B)0.69
Price to Sales (P/S)0.00
P/FCF Ratio-35.11
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...
Zephyr Minerals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
66
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -225.06K | -175.29K | -494.18K | -625.47K | -625.42K |
| Net Income | -231.53K | -175.29K | -2.08M | -770.82K | -625.42K |
Balance Sheet | |||||
| Total Assets | 5.61M | 5.34M | 5.28M | 6.91M | 7.18M |
| Cash, Cash Equivalents and Short-Term Investments | 42.44K | 95.73K | 116.80K | 402.95K | 712.86K |
| Total Debt | 25.61K | 25.61K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 253.56K | 201.65K | 163.14K | 152.12K | 131.30K |
| Stockholders Equity | 5.36M | 5.13M | 5.11M | 6.76M | 7.05M |
Cash Flow | |||||
| Free Cash Flow | -105.26K | -139.08K | -624.67K | -654.30K | -757.04K |
| Operating Cash Flow | -105.27K | -139.08K | -467.45K | -500.43K | -324.91K |
| Investing Cash Flow | -308.47K | -71.60K | -157.22K | -113.27K | -432.13K |
| Financing Cash Flow | 360.45K | 189.60K | 338.52K | 303.79K | 48.35K |
Zephyr Minerals Technical Analysis
Positive
0.06
Price Trends
0.07
Positive
0.06
Positive
0.06
Positive
Market Momentum
<0.01
Negative
57.20
Neutral
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ZFR, the sentiment is Positive. 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 bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.20 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
54 Neutral | C$6.95M | -15.96 | -5.00% | ― | ― | -34.78% | |
50 Neutral | C$4.56M | -1.06 | ― | ― | ― | ― | |
47 Neutral | C$4.29M | -5.46 | ― | ― | ― | 68.77% | |
45 Neutral | C$5.96M | -13.85 | 13.24% | ― | ― | ― | |
43 Neutral | C$3.43M | -3.21 | -27.44% | ― | ― | 4.12% | |
43 Neutral | C$4.31M | -1.77 | 100.27% | ― | ― | 54.86% |
* Basic Materials Sector Average
TSE:ZFR
Zephyr Minerals
0.08
0.04
100.00%
TSE:IMR
iMetal Resources
0.09
-0.05
-35.71%
TSE:NXS
Nexus Gold
0.19
-0.06
-24.00%
TSE:XIM
Ximen Mining
0.07
-0.05
-44.00%
TSE:TRG
Tarachi Gold
0.06
0.03
100.00%
TSE:GSRI
Golden Shield Resources Inc.
0.33
0.03
8.33%
Zephyr Minerals Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Zephyr Advances Dawson Gold Permitting Work, Delays Trenching at Judith Placer Claim
Neutral
Mar 18, 2026
Zephyr Minerals has completed the second quarter of its five-quarter groundwater monitoring and analytical program around the Dawson Gold deposit in Colorado, keeping the company on schedule to finalize the work by year-end and subsequently resubm...
Business Operations and StrategyPrivate Placements and Financing
Zephyr Minerals Raises $260,000 to Advance Dawson Gold Project Permitting
Positive
Feb 5, 2026
Zephyr Minerals has closed a non-brokered private placement of 5.2 million units for gross proceeds of $260,000, with each unit comprising one common share and one warrant exercisable at $0.10 for two years. The funds will be directed toward place...
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...
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.