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Fortune Minerals
(TSX:FT)
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Rating:42Neutral
Price Target:
C$0.13
▼(-10.71% Downside)
Action:Reiterated
Date:08/19/26
The score is primarily held down by very weak financial performance (no revenue, widening losses, negative equity, and sustained cash burn). Technicals are mixed and do not provide a strong positive offset, and valuation is constrained by a negative P/E and no dividend yield.
Positive Factors
Multi-metal NICO project
A multi-metal production model could diversify future revenue across several payable products and reduce dependence on one commodity. This provides a broader platform for project economics, although production and commercial sales are not yet established.
Negative Factors
No operating revenue and widening losses
The absence of revenue confirms that the business has not reached operating production, while widening losses increase the resources needed to advance the project. Until sales begin, the company remains dependent on financing and exposed to execution delays.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-metal NICO project
A multi-metal production model could diversify future revenue across several payable products and reduce dependence on one commodity. This provides a broader platform for project economics, although production and commercial sales are not yet established.
Read all positive factors
Fortune Minerals (FT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$93.82M
Dividend YieldN/A
Average Volume (3M)694.35K
Price to Earnings (P/E)―
Beta (1Y)1.70
Revenue GrowthN/A
EPS Growth-38.20%
CountryCA
Employees4
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.01
Shares Outstanding670,113,700
10 Day Avg. Volume1,496,217
30 Day Avg. Volume694,354
Financial Highlights & Ratios
PEG Ratio-0.75
Price to Book (P/B)-4.65
Price to Sales (P/S)0.00
P/FCF Ratio-6.62
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
Fortune Minerals Business Overview & Revenue Model
Company Description
Fortune Minerals Limited is a Canadian company focused on discovering and advancing projects for various metals, including specialty, industrial, and precious varieties. The company primarily explores for deposits of gold, cobalt, bismuth, copper,...
How the Company Makes Money
As a development-stage mining company, Fortune Minerals’ ability to generate revenue is primarily expected to come from bringing mineral assets into production and selling produced metals into commodity markets. The company’s core economic plan ce...
Fortune Minerals Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -64.67K | -66.65K | -66.53K | -69.86K | -58.14K | -60.89K |
| EBITDA | -3.30M | -3.26M | -2.43M | -1.48M | -360.00K | -784.00K |
| Net Income | -7.51M | -4.52M | -3.61M | -2.85M | -32.97M | -2.41M |
Balance Sheet | ||||||
| Total Assets | 9.41M | 10.29M | 4.82M | 1.56M | 46.45M | 78.61M |
| Cash, Cash Equivalents and Short-Term Investments | 2.30M | 2.26M | 1.59M | 673.63K | 78.65K | 1.80M |
| Total Debt | 13.20M | 17.80M | 12.73M | 9.50M | 8.31M | 13.08M |
| Total Liabilities | 15.13M | 20.32M | 16.22M | 10.02M | 8.57M | 14.75M |
| Stockholders Equity | -5.72M | -10.03M | -11.40M | -8.46M | 37.87M | 63.86M |
Cash Flow | ||||||
| Free Cash Flow | -7.49M | -7.05M | -1.79M | -1.38M | -1.54M | -908.04K |
| Operating Cash Flow | -4.00M | -2.97M | -186.52K | -1.21M | -1.20M | -814.59K |
| Investing Cash Flow | -3.48M | -4.08M | -1.60M | -185.59K | -726.33K | -1.37M |
| Financing Cash Flow | 9.32M | 7.71M | 2.71M | 1.99M | 204.32K | 2.91M |
Fortune Minerals Technical Analysis
Positive
0.14
Price Trends
0.14
Positive
0.15
Positive
0.13
Positive
Market Momentum
<0.01
Negative
61.34
Neutral
75.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FT, the sentiment is Positive. The current price of 0.14 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.14, and above the 200-day MA of 0.13, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.34 is Neutral, neither overbought nor oversold. The STOCH value of 75.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FT.
Fortune Minerals 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% | |
48 Neutral | C$40.88M | -37.80 | -3.63% | ― | ― | -42.86% | |
46 Neutral | C$95.52M | 36.74 | 2.38% | ― | ― | ― | |
45 Neutral | C$19.43M | -26.98 | -1.66% | ― | ― | 63.10% | |
42 Neutral | C$93.82M | -12.20 | 80.32% | ― | ― | -38.20% | |
42 Neutral | C$46.03M | -17.35 | -3.42% | ― | ― | 6.37% | |
40 Underperform | C$67.85M | -26.56 | -25.51% | ― | ― | -33.33% |
* Basic Materials Sector Average
TSE:FT
Fortune Minerals
0.15
0.08
114.29%
TSE:LCE
Century Lithium
0.25
>-0.01
-1.96%
TSE:ESK
Eskay Mining
0.35
<0.01
1.47%
TSE:NMI
Namibia Critical Metals Inc
0.16
0.07
72.22%
TSE:NKL
Nickel 28 Capital Corp
1.14
0.42
58.33%
TSE:CNRI
Canadian North Resources, Inc.
0.17
-0.43
-71.67%
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.