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Fortune Minerals
(TSX:FT)
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Rating:43Neutral
Price Target:
C$0.09
▼(-39.29% Downside)
Action:Reiterated
Date:10/07/26
The score is primarily constrained by very weak financial performance—no revenue, widening losses, negative equity, and ongoing cash burn that increases financing risk. Technicals add a modest drag with price below key moving averages and a negative MACD, while valuation provides limited support given the negative P/E and no dividend yield.
Positive Factors
Critical-mineral focus
Fortune Minerals is positioned around specialty and critical minerals that serve industrial and battery-related applications. This focus may provide durable strategic relevance as customers and governments seek reliable sources of materials important to electrification and advanced manufacturing.
Negative Factors
No revenue and widening losses
The absence of reported revenue and widening net losses show that Fortune Minerals has not yet converted its development assets into an operating business. Continued losses over the next several quarters could consume capital and delay progress toward a self-sustaining commercial model.
Read all positive and negative factors
Positive Factors
Negative Factors
Critical-mineral focus
Fortune Minerals is positioned around specialty and critical minerals that serve industrial and battery-related applications. This focus may provide durable strategic relevance as customers and governments seek reliable sources of materials important to electrification and advanced manufacturing.
Read all positive factors
Fortune Minerals (FT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$58.97M
Dividend YieldN/A
Average Volume (3M)567.70K
Price to Earnings (P/E)―
Beta (1Y)2.00
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. Volume636,700
30 Day Avg. Volume567,697
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,...
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 | -360.01K | -783.11K |
| 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
Negative
0.14
Price Trends
0.13
Negative
0.14
Negative
0.13
Negative
Market Momentum
-0.01
Positive
26.39
Positive
21.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FT, the sentiment is Negative. The current price of 0.14 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.13, and above the 200-day MA of 0.13, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 26.39 is Positive, neither overbought nor oversold. The STOCH value of 21.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
50 Neutral | C$27.44M | -40.42 | -1.60% | ― | ― | 63.10% | |
49 Neutral | C$91.17M | 13.68 | 5.87% | ― | ― | ― | |
44 Neutral | C$33.87M | -57.69 | -2.33% | ― | ― | 43.18% | |
43 Neutral | C$58.97M | -7.11 | 80.32% | ― | ― | -38.20% | |
43 Neutral | C$40.63M | -15.31 | -4.21% | ― | ― | 6.37% | |
42 Neutral | C$39.74M | -16.02 | -47.80% | ― | ― | -33.33% |
* Basic Materials Sector Average
TSE:FT
Fortune Minerals
0.09
>-0.01
-2.22%
TSE:LCE
Century Lithium
0.23
-0.07
-23.73%
TSE:ESK
Eskay Mining
0.21
-0.08
-29.31%
TSE:NMI
Namibia Critical Metals Inc
0.15
-0.10
-39.58%
TSE:NKL
Nickel 28 Capital Corp
1.07
0.35
48.61%
TSE:CNRI
Canadian North Resources, Inc.
0.24
-0.36
-60.00%
Fortune Minerals Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Fortune Minerals secures key permits and advances NICO critical minerals project
Positive
Sep 18, 2026
Fortune Minerals has secured renewed Class A water licence and Type A land use permit approvals for its NICO mine and concentrator in Canada’s Northwest Territories, establishing key regulatory conditions and reclamation security for constru...
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.