Want to see TSE:FMAN full AI Analyst Report?
Top Page
Freeman Gold Corp
(FMAN)
Select Model
Select Model
Rating:54Neutral
Price Target:
C$0.41
▲(18.00% Upside)
Action:Reiterated
Date:08/25/26
The score is held back primarily by weak financial performance (no revenue, widening losses, and negative operating/free cash flow), partially offset by a low-leverage balance sheet. Technicals are a near-term positive with the stock trading above key moving averages and a positive MACD. Corporate events (feasibility filing and cash-preserving interest settlement) add support, while valuation remains constrained by ongoing losses (negative P/E) and no dividend data.
Positive Factors
Low Leverage
Low leverage limits fixed financial obligations and provides greater flexibility while Freeman advances exploration. Relative to a heavily debt-funded junior, the capital structure may better absorb project delays or funding volatility.
Negative Factors
No Operating Revenue
Freeman remains pre-revenue and has no disclosed commercial production, so it lacks recurring operating cash generation. Continued value creation depends on exploration success, financing, partnerships, or eventual monetization of its assets.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Low leverage limits fixed financial obligations and provides greater flexibility while Freeman advances exploration. Relative to a heavily debt-funded junior, the capital structure may better absorb project delays or funding volatility.
Read all positive factors
Freeman Gold Corp (FMAN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$117.90M
Dividend YieldN/A
Average Volume (3M)630.23K
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue GrowthN/A
EPS Growth-198.41%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding310,251,500
10 Day Avg. Volume682,429
30 Day Avg. Volume630,233
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.13
Price to Sales (P/S)0.00
P/FCF Ratio-5.54
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
Freeman Gold Corp Business Overview & Revenue Model
Company Description
Freeman Gold Corp. is dedicated to securing, investigating, and appraising mineral deposits across Canada and the United States. Its primary holding is the wholly-owned Lemhi gold project, strategically located in Lemhi County, Idaho. This substan...
How the Company Makes Money
Freeman Gold Corp does not typically generate recurring operating revenue because it is an exploration-stage company without disclosed commercial production in the available information. Instead, it is generally funded through capital markets fina...
Freeman Gold Corp Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 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 | -126.00K | -87.03K |
| EBITDA | -4.19M | -4.54M | -30.10K | 27.66K | -3.10M | -3.40M |
| Net Income | -5.12M | -5.43M | -32.24K | -1.67M | 726.44K | -3.49M |
Balance Sheet | ||||||
| Total Assets | 43.68M | 44.28M | 30.92M | 28.35M | 29.97M | 31.33M |
| Cash, Cash Equivalents and Short-Term Investments | 7.95M | 11.69M | 4.41M | 2.33M | 5.31M | 20.05M |
| Total Debt | 4.02M | 3.67M | 0.00 | 33.69K | 107.06K | 0.00 |
| Total Liabilities | 5.11M | 5.15M | 477.95K | 1.44M | 1.85M | 5.25M |
| Stockholders Equity | 38.56M | 39.13M | 30.44M | 26.90M | 28.12M | 26.08M |
Cash Flow | ||||||
| Free Cash Flow | -11.29M | -8.00M | -1.64M | -1.16M | -14.82M | -4.97M |
| Operating Cash Flow | -2.61M | -2.45M | -952.68K | -1.16M | -2.07M | -2.35M |
| Investing Cash Flow | -7.58M | -5.57M | -549.88K | -1.74M | -12.86M | -2.62M |
| Financing Cash Flow | 15.45M | 15.29M | 3.54M | -78.87K | -34.53K | 19.86M |
Freeman Gold Corp 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$117.90M | -21.39 | -13.11% | ― | ― | -198.41% | |
53 Neutral | C$361.09M | -7.33 | -73.64% | ― | ― | -56.24% | |
53 Neutral | C$109.07M | 18.17 | 17.96% | ― | ― | ― | |
52 Neutral | C$128.37M | -38.68 | -7.08% | ― | ― | -55.56% | |
34 Underperform | C$108.01M | -15.99 | -59.35% | ― | ― | -108.57% |
* Basic Materials Sector Average
TSE:FMAN
Freeman Gold Corp
0.40
0.21
110.53%
TSE:CCM
Canagold Resources
0.60
0.11
22.45%
TSE:SGN
Scorpio Gold
0.35
-0.05
-11.39%
TSE:YARR
Sokoman Minerals Corp
0.21
0.18
610.00%
TSE:TECT
Tectonic Metals
2.58
1.61
165.98%
Freeman Gold Corp Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Freeman Gold Launches Key Environmental Baseline Studies at Lemhi Project
Positive
Aug 27, 2026
Freeman Gold Corp. has begun baseline environmental studies for water and air resources at its Lemhi Gold Project in Idaho as part of advancing the asset toward full permitting. Working with GSI Environmental and Trinity Consultants, the company i...
Business Operations and StrategyPrivate Placements and Financing
Freeman Gold Settles Debenture Interest With Share Issuance After TSX-V Approval
Positive
Aug 25, 2026
Freeman Gold Corp. has secured TSX Venture Exchange approval to settle annual interest on $1.2 million of its 10% unsecured convertible debentures through the issuance of 300,000 common shares at a deemed price of $0.40 per share. The shares, issu...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Freeman Gold to Settle Part of Debenture Interest in Shares, Easing Cash Burden
Positive
Aug 18, 2026
Freeman Gold Corp. said holders of $1.2 million principal of its 10% convertible unsecured debentures due 2030 have chosen to receive their 2026 annual interest payment in common shares instead of cash. Based on a TSX Venture Exchange closing pric...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Freeman Gold Files Lemhi Feasibility Report Showing Over US$1 Billion NPV at Current Gold Prices
Positive
Aug 13, 2026
Freeman Gold Corp. has filed a NI 43-101 technical report supporting the feasibility study for its Lemhi Gold Project in Idaho, confirming a base-case after-tax NPV of US$695.6 million, a 34.4% IRR and a 2.5-year payback at US$3,650 per ounce gold...
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.