Freeman Gold Corp (FMAN) AI Stock Analysis

• Market Cap: $19.18M
• Dividend Yield: N/A
• Average Volume (3M): 90.33K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.81
• Revenue Growth: N/A
• EPS Growth: -10.53%
• Country: CA
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 191,751,480
• 10 Day Avg. Volume: 56,066
• 30 Day Avg. Volume: 90,335
• PEG Ratio: -3.47
• Price to Book (P/B): 0.35
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.40
• 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

Freeman Gold Corp's stock score is driven by a strong balance sheet and positive corporate developments, suggesting potential for future growth. However, financial performance challenges and valuation constraints weigh on the overall score. The upward technical momentum and strategic corporate events offer optimism, but the company's immediate revenue and cash flow issues require resolution to improve its financial outlook.

Freeman Gold Corp Business Overview & Revenue Model

Company Description

Freeman Gold Corp (FMAN) is a Canadian-based mineral exploration company primarily engaged in the exploration and development of gold properties. The company's flagship project is the Lemhi Gold Project located in Idaho, USA, which is situated in a historically productive region. Freeman Gold is focused on advancing this project through exploration drilling and resource expansion to establish a viable gold mining operation.

How the Company Makes Money

Freeman Gold Corp generates revenue primarily through the exploration and development of its gold mining assets. The company aims to increase the value of its projects by discovering additional gold resources through extensive drilling and geological analysis. Once sufficient resources are identified and economically viable plans are established, Freeman Gold may generate income through the sale of its assets, entering joint ventures, or transitioning into production. Key revenue streams include potential future gold production, strategic partnerships, and investors who fund the exploration activities. The company's financial success is heavily dependent on the price of gold and its ability to efficiently manage exploration and development costs.

Freeman Gold Corp Financial Statement Overview

Summary

Freeman Gold Corp demonstrates financial stability with a strong equity base and no debt. However, the lack of revenue and ongoing cash burn pose significant risks. The company's ability to secure financing mitigates immediate liquidity concerns but highlights the necessity for strategic progress towards revenue generation.

Income Statement

Freeman Gold Corp exhibits no revenue growth, with consistent net losses and negative EBIT and EBITDA figures over the assessed periods. The company has not generated revenue, reflecting its developmental stage within the mining industry. The negative profitability metrics highlight ongoing operational challenges.

Balance Sheet

The balance sheet shows a strong equity position with no debt as of the latest period, indicating low financial risk. The company maintains a solid equity ratio, suggesting financial stability. High levels of cash suggest a strong liquidity position, but the absence of revenue raises concerns about future capital needs.

Cash Flow

Freeman Gold Corp's cash flow statements show negative operating and free cash flows, indicating cash burn and dependence on external financing. Despite this, the company has managed to secure financing, reflecting potential investor confidence. However, the lack of cash flow from operations is a significant concern.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	-125.75K	-87.03K	-16.00K	0.00
	EBIT
-821.63K	-1.69M	-3.16M	-3.49M	2.87M	-116.23K
	EBITDA
-31.01K	27.66K	-3.10M	-3.40M	-4.11M	-116.23K
	Net Income Common Stockholders
-32.24K	-1.67M	726.44K	-3.49M	-11.25M	-116.56K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
4.41M	2.33M	5.31M	20.05M	5.07M	613.83K
	Total Assets
30.92M	28.35M	29.97M	31.33M	14.18M	673.24K
	Total Debt
0.00	33.69K	107.06K	0.00	0.00	280.00K
	Net Debt
-4.41M	-2.30M	-5.20M	-20.05M	-5.07M	-333.83K
	Total Liabilities
477.95K	1.44M	1.85M	5.25M	910.79K	353.40K
	Stockholders Equity
30.44M	26.90M	28.12M	26.08M	13.27M	319.84K
Cash Flow		Free Cash Flow
-1.83M	-1.16M	-14.82M	-4.97M	-7.78M	-80.25K
	Operating Cash Flow
-943.82K	-1.16M	-2.07M	-2.35M	-2.29M	-40.05K
	Investing Cash Flow
-549.88K	-1.74M	-12.86M	-2.62M	-5.52M	-40.21K
	Financing Cash Flow
3.54M	-78.87K	-34.53K	19.86M	12.87M	600.99K

Freeman Gold Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.11
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FMAN, the sentiment is Positive. The current price of 0.11 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.10, and above the 200-day MA of 0.09, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 53.72 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FMAN.

Freeman Gold Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WDO	79 Outperform	C$2.46B	13.29	34.73%	―	80.44%	3757.72%
KNT	75 Outperform	C$3.01B	12.34	39.28%	―	105.06%	481.75%
OR	74 Outperform	$5.94B	134.94	2.50%	0.83%	12.78%	―
AGI	66 Neutral	$14.42B	39.84	7.85%	0.41%	37.83%	24.13%
FMAN	58 Neutral	$19.18M	―	-2.15%	―	―	-10.53%
Sector *	50 Neutral	$1.98B	-1.12	-21.33%	3.61%	1.68%	-30.56%
GOLD	27 Underperform	$207.79M	―	-22.20%	―	―	0.84%

Freeman Gold Corp Corporate Events

Freeman Gold Commences Phase Four Metallurgical Testing at Lemhi Project

Freeman Gold Corp has initiated the fourth phase of metallurgical test work at its Lemhi Gold Project, awarding the contract to Base Metallurgical Laboratories Ltd. This phase aims to refine previous positive results and is crucial for the feasibility study being prepared by Ausenco. The test work will focus on assessing the variability in mineralization and refining operating parameters for the project’s processing facility. The outcomes are expected to enhance the project’s economic viability and optimize gold recovery, which is significant for stakeholders and the company’s strategic positioning in the gold mining industry.

Spark’s Take on TSE:FMAN Stock

According to Spark, TipRanks’ AI Analyst, TSE:FMAN is a Neutral.

Freeman Gold Corp’s overall stock score reflects financial vulnerabilities, including lack of revenue and cash flow issues, which are partially offset by a solid balance sheet and promising corporate developments. The stock’s upward technical momentum and positive corporate events contribute positively, but valuation challenges remain significant.

To see Spark’s full report on TSE:FMAN stock, click here.

Freeman Gold Corp Reports Enhanced Economic Metrics for Lemhi Gold Project

Freeman Gold Corp has announced an updated economic analysis for its Lemhi Gold Project, reflecting a significant increase in the project’s financial metrics due to the current higher gold prices. The updated analysis shows a post-tax NPV of US$648 million and a post-tax IRR of 45.9% at a gold price of US$2,900/oz, highlighting the project’s strong economic potential and profitability across various price scenarios. This reassessment underscores the project’s low-cost, low-capital expenditure nature, with a payback period reduced to 2.1 years, enhancing its attractiveness to stakeholders.

Spark’s Take on TSE:FMAN Stock

According to Spark, TipRanks’ AI Analyst, TSE:FMAN is a Neutral.

Freeman Gold Corp’s financial performance is constrained by a lack of revenue and cash flow issues, leading to a low score. However, strong equity, no debt, and a series of positive corporate events, including government support and strategic drilling initiatives, provide some optimism. Technical indicators offer mixed signals, further impacting the overall score.

To see Spark’s full report on TSE:FMAN stock, click here.

Freeman Gold Corp. Supports Executive Order to Boost U.S. Mineral Production

Freeman Gold Corp. welcomes the Executive Order by President Trump aimed at boosting domestic mineral production, which could benefit its Lemhi Gold Project in Idaho. The order’s provisions, including the use of the Defense Production Act and expedited permitting processes, may enhance the project’s viability, potentially creating jobs and stimulating the local economy. The Lemhi Gold Project is designed as a high-grade, low-cost operation with a significant annual gold output, and the company is evaluating new programs to determine eligibility for additional support.

Freeman Gold Corp. Initiates New Drilling Program at Lemhi Gold Project

Freeman Gold Corp. has contracted Major Drilling America Inc. for an expansion and infill drilling program at its Lemhi Gold Project in Idaho, aiming to convert inferred resources to measured or indicated categories and explore further at the northern pit shell and Beauty Zone. This drilling campaign, set to begin in April 2025, is part of a feasibility study to update the 2023 Mineral Resource Estimate, potentially enhancing the project’s economic viability and production strategy, which includes a phased development with increased throughput and a carbon-in-leach processing facility.

Freeman Gold Initiates Updated Price Sensitivity Analysis for Lemhi Project

Freeman Gold Corp. has commissioned a price sensitivity analysis for its Lemhi gold project to reflect current gold prices, which have significantly increased since the original Preliminary Economic Assessment. The updated analysis, conducted by Ausenco Engineering, will use a base case gold price of US$2,200/oz and assess sensitivities from US$1,600/oz to US$3,400/oz, potentially enhancing the project’s economic viability and guiding the company’s feasibility study efforts.

Freeman Gold Corp Engages Ausenco for Lemhi Project Feasibility Study

Freeman Gold Corp has appointed Ausenco Engineering Canada ULC to lead the feasibility study for its Lemhi Gold Project, following a competitive bidding process. The study aims to build on the 2023 Preliminary Economic Assessment, which outlined a high-grade, low-cost open pit operation expected to produce an average of 80,100 ounces of gold annually for the first eight years. The feasibility study is expected to maximize the project’s value while minimizing its environmental impact, further solidifying Freeman’s position in the gold mining industry.