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49 North Resources
(FNR)
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Rating:54Neutral
Price Target:
C$0.03
▼(-13.33% Downside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by weak cash-backed fundamentals (consistently negative operating and free cash flow) despite the rebound in reported profitability and improved return metrics. Technical signals are also mildly bearish/weak versus longer-term averages. These risks are partially offset by a very low P/E valuation.
Positive Factors
Moderate Leverage
Moderate leverage provides more financial flexibility than a heavily indebted balance sheet and may reduce pressure from interest obligations. This supports the company’s ability to continue evaluating exploration opportunities while limiting the balance-sheet impact of weaker operating periods.
Negative Factors
Persistent Cash Burn
Persistent negative operating and free cash flow indicates that reported earnings have not translated into cash generation. Continued burn would reduce financial flexibility and increase reliance on equity financing, property monetization, or other external funding to sustain exploration.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate Leverage
Moderate leverage provides more financial flexibility than a heavily indebted balance sheet and may reduce pressure from interest obligations. This supports the company’s ability to continue evaluating exploration opportunities while limiting the balance-sheet impact of weaker operating periods.
Read all positive factors
49 North Resources (FNR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$4.16M
Dividend Yield3.43%
Average Volume (3M)109.95K
Price to Earnings (P/E)1.3
Beta (1Y)1.26
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)0.02
Shares Outstanding166,310,210
10 Day Avg. Volume69,930
30 Day Avg. Volume109,951
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.35
Price to Sales (P/S)5.61
P/FCF Ratio-4.34
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
49 North Resources Business Overview & Revenue Model
Company Description
49 North Resources Inc. operates as a venture capital entity, concentrating its efforts on providing initial seed funding and supporting companies in their nascent stages of development. It primarily builds a varied investment portfolio, acquiring...
How the Company Makes Money
FNR is an exploration-stage company; publicly available information does not provide stable, recurring operating revenue from producing mines or long-term service contracts. As a result, its economic model typically relies on (1) raising capital t...
49 North Resources Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
64
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.28M | 593.00K | 117.00K | -1.44M | 769.00K | 641.00K |
| Gross Profit | 2.25M | 550.00K | 74.00K | -1.48M | 725.00K | 558.00K |
| EBITDA | 3.35M | 1.13M | 619.00K | -2.66M | -8.02M | -6.35M |
| Net Income | 3.26M | 1.04M | 477.00K | -2.82M | -8.19M | -6.59M |
Balance Sheet | ||||||
| Total Assets | 20.62M | 19.24M | 17.91M | 16.83M | 19.13M | 26.46M |
| Cash, Cash Equivalents and Short-Term Investments | 7.43M | 6.65M | 6.31M | 6.29M | 8.74M | 16.24M |
| Total Debt | 6.13M | 5.44M | 5.44M | 5.51M | 6.26M | 6.32M |
| Total Liabilities | 10.00M | 9.69M | 9.40M | 8.80M | 8.29M | 7.73M |
| Stockholders Equity | 10.63M | 9.55M | 8.50M | 8.03M | 10.84M | 18.73M |
Cash Flow | ||||||
| Free Cash Flow | -515.00K | -767.00K | -73.00K | -159.00K | -303.00K | -1.79M |
| Operating Cash Flow | -515.00K | -767.00K | -73.00K | -159.00K | -303.00K | -1.79M |
| Investing Cash Flow | 497.00K | 791.00K | 65.00K | 178.00K | 15.00K | 465.00K |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.61M |
49 North Resources Technical Analysis
Negative
0.03
Price Trends
0.02
Negative
0.02
Negative
0.03
Negative
Market Momentum
>-0.01
Positive
46.15
Neutral
-33.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FNR, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.15 is Neutral, neither overbought nor oversold. The STOCH value of -33.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:FNR.
49 North Resources Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | C$7.19M | 0.29 | 46.26% | ― | 134.12% | 155.22% | |
62 Neutral | C$5.56M | 2.40 | 22.71% | 6.25% | -280.28% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$4.16M | 1.26 | 34.41% | 3.43% | ― | ― | |
51 Neutral | C$12.73M | -0.56 | -73.17% | ― | ― | -34.67% | |
41 Neutral | C$4.02M | -6.58 | -100.87% | 5.00% | 85.46% | 94.19% | |
40 Underperform | C$3.44M | -0.36 | -1106.91% | ― | -829.35% | -243.78% |
* General Sector Average
TSE:FNR
49 North Resources
0.03
<0.01
25.00%
TSE:AAB
Aberdeen International
0.03
>-0.01
-16.67%
TSE:BLGV
Belgravia Capital International Inc
0.03
-0.07
-73.68%
TSE:IDK
ThreeD Capital
0.13
0.05
62.50%
TSE:QCA
Quinsam Capital
0.06
<0.01
20.00%
TSE:ZC
Zimtu Capital
0.42
0.13
45.83%
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.