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Founders Metals
(FDR)
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Rating:54Neutral
Price Target:
C$8.50
▲(31.78% Upside)
Action:Reiterated
Date:10/03/26
The score is held back primarily by weak financial performance (no revenue, widening losses, and heavy cash burn that increases financing/dilution risk). Technicals are a key positive with a strong uptrend and bullish momentum, but overbought readings temper the outlook. Valuation is unfavorable/unclear due to negative earnings and no dividend support.
Positive Factors
Low Leverage
Minimal debt reduces fixed financial obligations and preserves flexibility while the company funds exploration. A low-leverage balance sheet can help Founders Metals withstand project uncertainty and pursue opportunities without the additional pressure of substantial interest or refinancing commitments.
Negative Factors
No Operating Revenue
Without operating revenue, the company currently lacks an internally generated commercial funding base and remains dependent on exploration success or external capital. This makes financial progress less predictable and leaves future value creation tied to resource advancement and potential project transactions.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Minimal debt reduces fixed financial obligations and preserves flexibility while the company funds exploration. A low-leverage balance sheet can help Founders Metals withstand project uncertainty and pursue opportunities without the additional pressure of substantial interest or refinancing commitments.
Read all positive factors
Founders Metals (FDR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$987.35M
Dividend YieldN/A
Average Volume (3M)263.27K
Price to Earnings (P/E)―
Beta (1Y)1.63
Revenue GrowthN/A
EPS Growth-51.78%
CountryCA
Employees22
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.11
Shares Outstanding143,928,160
10 Day Avg. Volume119,706
30 Day Avg. Volume263,269
Financial Highlights & Ratios
PEG Ratio2.42
Price to Book (P/B)3.74
Price to Sales (P/S)0.00
P/FCF Ratio-48.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$12.00Price Target Upside86.05% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.06
Revenue Forecast (FY)C$500.00K
Founders Metals Business Overview & Revenue Model
Company Description
Founders Metals Inc. is a gold-focused company that acquires, explores, and develops gold-bearing properties. The company currently holds two primary assets: the Elmtree gold project in New Brunswick, Canada, which comprises 49 interconnected mine...
How the Company Makes Money
Founders Metals does not typically generate recurring operating revenue because it is primarily an exploration-stage company. Its activities are generally funded through financing transactions (such as equity issuances) rather than sales of produc...
Founders Metals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Aug 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -34.87K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -11.66M | -10.59M | 0.00 | -1.86M | -485.77K | -901.26K |
| Net Income | -11.47M | -10.59M | -7.74M | -1.86M | -485.77K | -901.26K |
Balance Sheet | ||||||
| Total Assets | 166.62M | 115.74M | 35.13M | 14.98M | 9.89M | 10.70M |
| Cash, Cash Equivalents and Short-Term Investments | 33.54M | 25.75M | 4.80M | 2.03M | 969.59K | 3.29M |
| Total Debt | 818.91K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 10.30M | 7.52M | 3.04M | 889.77K | 17.30K | 367.18K |
| Stockholders Equity | 150.10M | 102.01M | 32.09M | 14.09M | 9.88M | 10.33M |
Cash Flow | ||||||
| Free Cash Flow | -33.27M | -7.92M | -3.99M | -1.38M | -952.85K | -1.39M |
| Operating Cash Flow | -2.93M | -5.38M | -3.17M | -781.47K | -952.85K | -681.44K |
| Investing Cash Flow | -52.91M | -36.51M | -13.88M | -3.07M | -1.37M | -704.09K |
| Financing Cash Flow | 45.93M | 62.85M | 19.82M | 4.91M | -4.43K | 4.68M |
Founders Metals Technical Analysis
Neutral
6.45
Price Trends
6.75
Negative
5.49
Positive
5.03
Positive
Market Momentum
0.11
Positive
40.45
Neutral
8.34
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FDR, the sentiment is Neutral. The current price of 6.45 is below the 20-day moving average (MA) of 7.65, below the 50-day MA of 6.75, and above the 200-day MA of 5.03, indicating a neutral trend. The MACD of 0.11 indicates Positive momentum. The RSI at 40.45 is Neutral, neither overbought nor oversold. The STOCH value of 8.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:FDR.
Founders Metals Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | C$371.66M | 7.54 | 23.94% | ― | 104.20% | -43.82% | |
58 Neutral | C$244.55M | 13.44 | 16.61% | 12.67% | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$987.35M | -64.60 | -8.30% | ― | ― | -51.78% | |
45 Neutral | C$758.75M | -148.20 | -2.80% | ― | ― | 34.03% | |
44 Neutral | C$237.03M | -7.01 | -14.88% | ― | ― | -100.77% |
* General Sector Average
TSE:FDR
Founders Metals
6.86
3.52
105.39%
TSE:ITH
International Tower Hill Mines
2.90
0.42
16.94%
TSE:GOLD
GoldMining
1.10
-0.79
-41.80%
TSE:WRLG
West Red Lake Gold Mines
0.59
-0.28
-32.18%
TSE:STGO
Steppe Gold
1.47
-0.70
-32.26%
Founders Metals Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Founders Metals Secures Full Control of Antino Gold Project and Lands C$77 Million from Gold Fields
Positive
Sep 17, 2026
Founders Metals has acquired the remaining 30% stake in Lawa Gold N.V. from Nana Resources, giving it 100% royalty-free ownership of the Antino Gold Project in Suriname. The deal consolidates full operational control over the 102,360-hectare distr...
Business Operations and StrategyM&A Transactions
Founders Metals Unearths High-Grade Gold in New West Zone at Antino
Positive
Sep 9, 2026
Founders Metals reported standout drill results from the newly identified Upper Antino-West Zone at its Antino Gold Project in southeastern Suriname, highlighted by hole FR251, which intersected 27.0 metres grading 20.38 g/t gold, including 10.0 m...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Founders Metals Secures Full Control of Antino Project as Gold Fields Lifts Stake to 19.9%
Positive
Aug 19, 2026
Founders Metals has agreed to acquire the remaining 30% of Lawa Gold N.V. from Nana Resources, consolidating 100% ownership and a royalty-free interest in the Antino Gold Project in Suriname. The deal, which includes cash, shares, and up to US$21 ...
Business Operations and Strategy
Founders Metals Extends High-Grade Gold Zone at Upper Antino in Suriname
Positive
Aug 6, 2026
Founders Metals has reported strong new drilling results from the Upper Antino target at its Antino Gold Project in southeastern Suriname, underscoring the project’s high-grade potential. The company aims to advance Suriname as its next majo...
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.