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Finlay Minerals
(FYL)
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Rating:49Neutral
Price Target:
C$0.11
▼(-9.17% Downside)
Action:Reiterated
Date:09/06/26
The score is primarily constrained by weak financial performance (pre-revenue with widening losses and accelerating cash burn), only partly offset by a debt-free balance sheet. Technical indicators are moderately supportive in the near term, while valuation is limited by negative earnings and no dividend yield.
Positive Factors
Debt-Free Balance Sheet
Zero debt limits interest obligations and financial strain, while the larger equity base provides some flexibility to fund exploration and corporate needs. This gives Finlay more room to pursue projects without the added repayment pressure faced by leveraged exploration companies.
Negative Factors
No Operating Revenue
The absence of operating revenue means the company has not yet demonstrated a self-sustaining commercial business model. Until a project generates production or transaction income, ongoing exploration and corporate costs must be supported by financing or other external sources.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
Zero debt limits interest obligations and financial strain, while the larger equity base provides some flexibility to fund exploration and corporate needs. This gives Finlay more room to pursue projects without the added repayment pressure faced by leveraged exploration companies.
Read all positive factors
Finlay Minerals (FYL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$18.69M
Dividend YieldN/A
Average Volume (3M)95.33K
Price to Earnings (P/E)―
Beta (1Y)1.54
Revenue GrowthN/A
EPS Growth-80.00%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding169,900,990
10 Day Avg. Volume115,848
30 Day Avg. Volume95,327
Financial Highlights & Ratios
PEG Ratio-0.36
Price to Book (P/B)1.36
Price to Sales (P/S)0.00
P/FCF Ratio-4.10
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
Finlay Minerals Business Overview & Revenue Model
Company Description
Finlay Minerals Ltd. is a mining exploration company headquartered in Vancouver, Canada, which commenced operations in 1999. The firm specializes in identifying and acquiring base and precious metal deposits located throughout northern British Col...
How the Company Makes Money
Finlay Minerals does not typically generate recurring operating revenue because it is an exploration-stage company. Instead, it funds operations primarily through capital markets and potential project-level transactions. Key ways the company can g...
Finlay Minerals Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
64
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
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 | -838.89K | -429.49K | -312.40K | 49.33K | -374.00K | -946.00K |
| Net Income | -605.61K | -483.53K | -215.23K | -394.00K | -361.00K | -1.04M |
Balance Sheet | ||||||
| Total Assets | 16.13M | 15.54M | 11.73M | 11.91M | 11.63M | 12.02M |
| Cash, Cash Equivalents and Short-Term Investments | 3.13M | 3.43M | 299.60K | 641.01K | 280.44K | 1.89M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.40M | 2.57M | 1.62M | 1.73M | 1.77M | 1.92M |
| Stockholders Equity | 12.74M | 12.98M | 10.11M | 10.18M | 9.86M | 10.10M |
Cash Flow | ||||||
| Free Cash Flow | -6.83M | -4.29M | -483.95K | -383.75K | -1.77M | -1.46M |
| Operating Cash Flow | -2.84M | -355.30K | -300.90K | -291.10K | -405.72K | -446.86K |
| Investing Cash Flow | 1.18M | 51.45K | -108.85K | -56.05K | -1.27M | -934.21K |
| Financing Cash Flow | 1.58M | 3.42M | 200.00K | 548.61K | 0.00 | 3.05M |
Finlay Minerals Technical Analysis
Positive
0.12
Price Trends
0.10
Positive
0.10
Positive
0.11
Positive
Market Momentum
<0.01
Negative
59.40
Neutral
61.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FYL, the sentiment is Positive. The current price of 0.12 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.10, and above the 200-day MA of 0.11, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.40 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FYL.
Finlay Minerals Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | C$39.36M | 19.35 | 12.62% | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | C$12.00M | 0.95 | 9.83% | ― | ― | -1169.72% | |
51 Neutral | C$16.26M | -10.83 | -4.53% | ― | ― | 45.37% | |
49 Neutral | C$18.69M | -31.43 | -4.82% | ― | ― | -80.00% | |
48 Neutral | C$15.85M | 2.11 | 55.78% | ― | ― | ― | |
45 Neutral | C$25.13M | -0.72 | 113.17% | ― | ― | -80.76% |
* General Sector Average
TSE:FYL
Finlay Minerals
0.11
>-0.01
-8.33%
TSE:ARU
Aurania Resources
0.19
0.07
58.33%
TSE:NOB
Noble Mineral Exploration
0.06
0.03
87.50%
TSE:RRI
Riverside Resources
0.42
0.24
127.03%
TSE:ATHA
Athena Gold
0.34
-0.16
-32.19%
TSE:AIR
Clean Air Metals
0.07
0.02
44.44%
Finlay Minerals Corporate Events
Business Operations and Strategy
Finlay Minerals Expands Freeport-Funded Drilling at PIL and ATTY Properties
Positive
Aug 28, 2026
Finlay Minerals has expanded its 2026 drill program at the PIL property in British Columbia to 4,400 meters, adding 1,600 meters of drilling funded by Freeport-McMoRan under an earn-in agreement that could give Freeport up to 80% ownership. The ca...
Business Operations and Strategy
Finlay Minerals Confirms Staff Safe After Fatal Aircraft Incident Near PIL Project
Negative
Aug 22, 2026
Finlay Minerals reported that three individuals associated with its PIL Property exploration program were aboard an aircraft that made an emergency landing on a busy road in Prince George, British Columbia, on August 20, 2026. The plane, operated ...
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.