Antipa Minerals (AZY) Stock Overview

Engages in the mineral exploration business in Australia. More details

AZY fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Shareholders have been diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have meaningful revenue (A$2M)

AZY Community Fair Values

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Antipa Minerals Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Antipa Minerals
Historical stock prices
Current Share Price	AU$0.66
52 Week High	AU$0.85
52 Week Low	AU$0.47
Beta	1.33
1 Month Change	-5.07%
3 Month Change	-0.76%
1 Year Change	0.77%
3 Year Change	336.67%
5 Year Change	45.56%
Change since IPO	-68.05%

Recent updates

Analysis Article • May 19

Is Antipa Minerals (ASX:AZY) In A Good Position To Invest In Growth?

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...

Analysis Article • Sep 29

Here's Why We're Watching Antipa Minerals' (ASX:AZY) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Analysis Article • Mar 21

Is Antipa Minerals (ASX:AZY) In A Good Position To Invest In Growth?

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Analysis Article • Jun 29

Here's Why We're Watching Antipa Minerals' (ASX:AZY) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Analysis Article • Jun 17

Here's Why Antipa Minerals (ASX:AZY) Must Use Its Cash Wisely

Just because a business does not make any money, does not mean that the stock will go down. For example, although...

Analysis Article • Mar 03

We're Interested To See How Antipa Minerals (ASX:AZY) Uses Its Cash Hoard To Grow

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...

Analysis Article • Nov 12

Here's Why Shareholders May Want To Be Cautious With Increasing Antipa Minerals Limited's (ASX:AZY) CEO Pay Packet

Under the guidance of CEO Roger Mason, Antipa Minerals Limited ( ASX:AZY ) has performed reasonably well recently. In...

Analysis Article • Sep 12

Companies Like Antipa Minerals (ASX:AZY) Can Afford To Invest In Growth

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...

Analysis Article • Jan 26

Our Take On Antipa Minerals' (ASX:AZY) CEO Salary

Roger Mason became the CEO of Antipa Minerals Limited ( ASX:AZY ) in 2011, and we think it's a good time to look at the...

Shareholder Returns

	AZY	AU Metals and Mining	AU Market
7D	-3.0%	-5.9%	-0.4%
1Y	0.8%	51.6%	2.9%

Return vs Industry: AZY underperformed the Australian Metals and Mining industry which returned 49.3% over the past year.

Return vs Market: AZY matched the Australian Market which returned 1% over the past year.

Price Volatility

Is AZY's price volatile compared to industry and market?
AZY volatility
AZY Average Weekly Movement	9.5%
Metals and Mining Industry Average Movement	12.2%
Market Average Movement	10.5%
10% most volatile stocks in AU Market	17.5%
10% least volatile stocks in AU Market	4.4%

Stable Share Price: AZY has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: AZY's weekly volatility (9%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2010	n/a	Roger Mason	antipaminerals.com.au

Antipa Minerals Limited engages in the mineral exploration business in Australia. It explores for gold, copper, silver, uranium, and tungsten deposits. The company holds 100% interests in its flagship, the Minyari Dome project covering an area of 144 square kilometers located in the Paterson Province.

Antipa Minerals Limited Fundamentals Summary

How do Antipa Minerals's earnings and revenue compare to its market cap?
AZY fundamental statistics
Market cap	AU$434.06m
Earnings (TTM)	-AU$5.65m
Revenue (TTM)	AU$1.72m

252.7x

P/S Ratio

-76.9x

P/E Ratio

Is AZY overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AZY income statement (TTM)
Revenue	AU$1.72m
Cost of Revenue	AU$0
Gross Profit	AU$1.72m
Other Expenses	AU$7.36m
Earnings	-AU$5.65m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0085
Gross Margin	100.00%
Net Profit Margin	-328.81%
Debt/Equity Ratio	0%

How did AZY perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/21 04:02
End of Day Share Price	2026/05/21 00:00
Earnings	2025/12/31
Annual Earnings	2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Antipa Minerals Limited is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Paul Howard	Canaccord Genuity
Jonathan Guy	Hannam & Partners (Advisory) LLP
Michael Clark	Shaw and Partners Limited

Antipa Minerals (AZY) Stock Overview

Risk Analysis

Antipa Minerals Limited Competitors

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Meteoric Resources

Price History & Performance

Recent News & Updates

Is Antipa Minerals (ASX:AZY) In A Good Position To Invest In Growth?

Price target increased by 15% to AU$1.45

Consensus EPS estimates upgraded to AU$0.03 loss

Price target increased by 11% to AU$1.25

Consensus revenue estimates increase by 117%, EPS downgraded

Price target increased by 17% to AU$1.27

Recent updates

Is Antipa Minerals (ASX:AZY) In A Good Position To Invest In Growth?

Price target increased by 15% to AU$1.45

Consensus EPS estimates upgraded to AU$0.03 loss

Price target increased by 11% to AU$1.25

Consensus revenue estimates increase by 117%, EPS downgraded

Price target increased by 17% to AU$1.27

Price target increased by 8.2% to AU$1.12

Antipa Minerals Limited, Annual General Meeting, Nov 25, 2025

New major risk - Shareholder dilution

Antipa Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million.

Price target increased by 13% to AU$0.86

Price target increased by 18% to AU$0.057

New major risk - Revenue and earnings growth

New major risk - Shareholder dilution

Antipa Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 16 million.

Independent & Non-Executive Director recently bought AU$165k worth of stock

New major risk - Revenue and earnings growth

Price target increased by 25% to AU$0.05

Antipa Minerals Ltd Announces the Appointment of Mark Rodda as Executive Chair

Here's Why We're Watching Antipa Minerals' (ASX:AZY) Cash Burn Situation

New major risk - Financial position

Antipa Minerals Limited, Annual General Meeting, Nov 26, 2024

Price target decreased by 9.2% to AU$0.04

Is Antipa Minerals (ASX:AZY) In A Good Position To Invest In Growth?

Price target decreased by 19% to AU$0.045

New major risk - Revenue and earnings growth

Antipa Minerals Limited Announces Successful in an Application for AUD 220,000 in Additional Funding from the Western Australian Government's Exploration Incentive Scheme

Antipa Minerals Limited, Annual General Meeting, Nov 17, 2023

Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in FY 2022)

New major risk - Revenue and earnings growth

Antipa Minerals Limited, Annual General Meeting, Nov 17, 2023

New major risk - Share price stability

Here's Why We're Watching Antipa Minerals' (ASX:AZY) Cash Burn Situation

New minor risk - Share price stability

Price target decreased by 27% to AU$0.06

First half 2023 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2022)

Less than half of directors are independent

Antipa Minerals Limited Announces Assay Results for the 2022 Phase 1 Drill Programme At Its 100% Owned, 144Km2 Minyari Dome Project

Antipa Minerals Limited Provides an Update on the Paterson Farm-in Project, the Wilki Farmin Project and the Citadel JV Project Exploration Programmes

Antipa Minerals Limited Provides an Exploration Update for Its 100% Owned Minyari Dome Project in Western Australia's Paterson Province

Full year 2022 earnings released: AU$0.002 loss per share (vs AU$0.001 loss in FY 2021)

Antipa Minerals Limited, COTTLESLOE WA SHS to Be Deleted from OTC Equity

Antipa Minerals Limited Completes Scoping Study on Minyari Dome Gold Project

Antipa Minerals Limited Revises Citadel Calendar Year 2022 Exploration Programme and Spend

Antipa Minerals Limited Announces Final Assay Results for the 2021 Greenfield Drill Programme

Here's Why Antipa Minerals (ASX:AZY) Must Use Its Cash Wisely

Antipa Minerals Limited Announces Citadel Project Final 2021 Exploration Results

Antipa Minerals Limited Announces Minyari Dome Project Gold Resource Increases 250% to 1.8 Million Oz of Gold +

Price target increased to AU$0.08

Less than half of directors are independent

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Antipa Minerals Limited Announces Further Assay Results for the 2021 Drill Programme At Minyari Dome Project

We're Interested To See How Antipa Minerals (ASX:AZY) Uses Its Cash Hoard To Grow

Antipa Minerals Limited Announces Further Outstanding High-Grade Gold Results At Minyari

Antipa Minerals Limited Provides Exploration Update on Wilki Farmin Project and Paterson Farmin Project

Antipa Minerals Limited Announces Citadel Project Exploration Results

Antipa Minerals Limited Announces Further Significant Gold-Copper Discoveries At Minyari

Here's Why Shareholders May Want To Be Cautious With Increasing Antipa Minerals Limited's (ASX:AZY) CEO Pay Packet

Full year 2021 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2020)

Companies Like Antipa Minerals (ASX:AZY) Can Afford To Invest In Growth

Antipa Minerals Limited Announces Further High-Grade Gold Mineralisation at Minyari Deposit

Antipa Minerals Limited Announces Discovery of Significant New Zones of High-Grade Gold Mineralisation At 100% Owned Minyari Deposit

Antipa Minerals Limited announced that it expects to receive AUD 0.1176 million in funding from Newcrest Mining Limited

Antipa Minerals Limited announced that it expects to receive AUD 1 million in funding