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Four Nines Gold
(FNAU)
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Rating:41Neutral
Price Target:
C$0.21
▼(-66.94% Downside)
Action:Reiterated
Date:10/23/26
Score is held down primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn that likely requires external financing). Technicals also detract due to a clear downtrend and negative momentum, with only modest support from near-oversold readings. Valuation is constrained by negative earnings (negative P/E) and no dividend yield.
Positive Factors
Low Leverage
Minimal debt reduces solvency pressure and leaves the company less exposed to interest costs or refinancing demands. This provides greater financial flexibility as Four Nines Gold advances exploration, although the benefit is moderated by its continuing operating losses and cash consumption.
Negative Factors
No Operating Revenue
The absence of revenue means the company currently lacks an operating income stream to fund exploration or absorb corporate costs. Until a property reaches commercial production or another revenue source emerges, financial progress remains dependent on capital availability and project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Minimal debt reduces solvency pressure and leaves the company less exposed to interest costs or refinancing demands. This provides greater financial flexibility as Four Nines Gold advances exploration, although the benefit is moderated by its continuing operating losses and cash consumption.
Read all positive factors
Four Nines Gold (FNAU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$16.12M
Dividend YieldN/A
Average Volume (3M)92.21K
Price to Earnings (P/E)―
Beta (1Y)-0.09
Revenue GrowthN/A
EPS Growth-57.27%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding74,975,280
10 Day Avg. Volume83,336
30 Day Avg. Volume92,213
Financial Highlights & Ratios
PEG Ratio0.74
Price to Book (P/B)13.70
Price to Sales (P/S)0.00
P/FCF Ratio-56.51
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
Four Nines Gold Business Overview & Revenue Model
Company Description
Four Nines Gold Inc. operates as a junior resource firm, specializing in the acquisition, exploration, and advancement of gold deposits throughout Canada. The company holds an exclusive option to obtain full ownership of the Bonneville property, w...
Four Nines Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 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 | 0.00 | 0.00 |
| EBITDA | -846.82K | -214.75K | -379.00K | -231.95K | -43.94K | -31.10K |
| Net Income | -965.43K | -269.71K | -395.00K | -511.00K | -495.00K | -469.00K |
Balance Sheet | ||||||
| Total Assets | 8.77M | 1.34M | 1.20M | 840.26K | 861.05K | 1.25M |
| Cash, Cash Equivalents and Short-Term Investments | 6.62M | 4.26K | 25.00 | 22.37K | 245.54K | 1.01M |
| Total Debt | 0.00 | 206.28K | 271.33K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 503.61K | 669.92K | 650.38K | 218.57K | 44.60K | 132.06K |
| Stockholders Equity | 8.27M | 667.40K | 548.64K | 621.68K | 816.45K | 1.11M |
Cash Flow | ||||||
| Free Cash Flow | -769.18K | -161.83K | -145.10K | -250.24K | -639.56K | -239.93K |
| Operating Cash Flow | -746.72K | -91.89K | -145.10K | -160.87K | -466.30K | -214.93K |
| Investing Cash Flow | -541.88K | -204.16K | -61.20K | -380.08K | -356.89K | -25.00K |
| Financing Cash Flow | 7.88M | 286.63K | 196.96K | 316.45K | 57.00K | 876.65K |
Four Nines Gold Technical Analysis
Negative
0.62
Price Trends
0.34
Negative
0.46
Negative
0.44
Negative
Market Momentum
-0.03
Positive
29.03
Positive
14.29
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FNAU, the sentiment is Negative. The current price of 0.62 is above the 20-day moving average (MA) of 0.26, above the 50-day MA of 0.34, and above the 200-day MA of 0.44, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 29.03 is Positive, neither overbought nor oversold. The STOCH value of 14.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:FNAU.
Four Nines Gold 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% | |
44 Neutral | C$6.58M | -9.98 | -76.35% | ― | -32.20% | -311.67% | |
44 Neutral | C$5.53M | -5.06 | -76.11% | ― | ― | 63.10% | |
42 Neutral | C$7.06M | -7.50 | 123.33% | ― | ― | 4.17% | |
41 Neutral | C$16.12M | -12.36 | -27.08% | ― | ― | -57.27% |
* Basic Materials Sector Average
TSE:FNAU
Four Nines Gold
0.22
0.01
7.50%
TSE:ARQ
Argo Gold
0.09
0.02
38.46%
TSE:CAND.H
Candelaria Mining
0.02
0.01
100.00%
TSE:RFR
Renforth Resources
0.02
>-0.01
-25.00%
TSE:VG
Volcanic Gold Mines Inc
0.09
-0.03
-22.50%
Four Nines Gold Corporate Events
Business Operations and Strategy
Four Nines Gold Expands Lower Telegraph Corridor With Broad Hayden Hill Intercepts
Positive
Oct 19, 2026
Four Nines Gold reported assay results from core hole HH26-003 at Hayden Hill, intersecting 80.1 meters averaging 1.08 g/t gold and 10 g/t silver starting just below the existing pit, along with a deeper 8.0-meter interval grading 1.10 g/t gold an...
Business Operations and Strategy
Four Nines Gold Hits Key Breccia Zones in Early Hayden Hill Drilling
Positive
Oct 1, 2026
Four Nines Gold has reported encouraging geological results from its maiden core drilling program at the Hayden Hill Gold Project in California, where the first three holes have all intersected hydrothermal brecciation and related epithermal alter...
Business Operations and Strategy
Four Nines Gold Confirms New Mineralized Zones at Historic Hayden Hill Mine
Positive
Oct 1, 2026
Four Nines Gold reported initial assay results from drill hole HH26-001, the first hole in its maiden exploration program at Hayden Hill in nearly three decades, intersecting 1.05 grams per tonne gold over 104.6 feet and 2.12 grams per tonne 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.