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Fortitude Gold Corp. (FTCO)
OTHER OTC:FTCO
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Fortitude Gold Corp.
(OTC:FTCO)
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Rating:49Neutral
Price Target:―
Fortitude Gold Corp. faces significant financial and market challenges, leading to a low overall stock score. The company's financial performance is hampered by declining revenues and cash flow issues, despite a strong balance sheet. Technical indicators highlight a bearish trend, and the high dividend yield is overshadowed by valuation concerns due to negative earnings. The absence of earnings call and corporate events data means these factors do not influence the current score.
Fortitude Gold Corp. (FTCO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$105.79M
Dividend Yield7.6%
Average Volume (3M)73.56K
Price to Earnings (P/E)620.0
Beta (1Y)0.69
Revenue Growth-38.02%
EPS Growth-97.21%
CountryUS
Employees60
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.04
Shares Outstanding24,375,210
10 Day Avg. Volume120,574
30 Day Avg. Volume73,565
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap0.64
Enterprise Value/Revenue4.06
Enterprise Value/Gross Profit31.64
Enterprise Value/Ebitda10.56
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Fortitude Gold Corp. Business Overview & Revenue Model
Company DescriptionFortitude Gold Corp. (FTCO) is a mining company primarily engaged in the exploration, development, and production of gold and other precious metals. The company operates within the mining sector, focusing on extracting high-grade ore deposits to produce gold bullion. Fortitude Gold Corp.'s operations are primarily located in Nevada, USA, which is known for its prolific gold mining region. The company is committed to sustainable mining practices and aims to maximize shareholder value through efficient and responsible resource management.
How the Company Makes MoneyFortitude Gold Corp. generates revenue through the sale of gold and other precious metals extracted from its mining operations. The company's primary revenue stream comes from the production and sale of gold bullion in the global commodities market. Fortitude Gold Corp. focuses on operating high-grade, low-cost mining operations to maximize profitability. The company may also engage in strategic partnerships or joint ventures to enhance its exploration and production capabilities, although specific partnerships contributing to earnings are not disclosed. Additionally, the company may leverage fluctuations in gold prices to optimize its revenue, adjusting production levels and sales strategies accordingly.
Fortitude Gold Corp. Earnings Call Summary
Earnings Call Date:Aug 05, 2025
(Q3-2024)
| % Change Since: |
Next Earnings Date:Nov 04, 2025
Earnings Call Sentiment Neutral
The earnings call displayed a balance of positive financial performance and exploration success against significant challenges with permitting and administration staffing. There is a positive outlook tied to anticipated political changes that may improve business conditions.Q3-2024 Updates
Positive Updates
Strong Financial Metrics
Achieved $10.2 million net sales, $30.3 million cash balance, 4,220 gold ounces produced, $41.5 million working capital, $4.8 million mine gross profit, $2.7 million exploration expenditures, $906 total cash cost per gold ounce sold, $990 per ounce total all-in sustaining cost, $2.9 million dividends paid, and $2 million in gold and silver bullion.
Exploration Success
Great drill results from Scarlet North, including 9.14 meters grading 2.33 grams per tonne gold within 16.76 meters grading 1.58 grams per tonne gold.
Optimism with Political Changes
Optimism for better permitting conditions with the anticipated change to a more business-friendly administration, potentially speeding up the process with the Bureau of Land Management.
Negative Updates
Permitting Challenges
Ongoing permit delays and staffing issues with the Bureau of Land Management under the Biden-Harris administration have hindered growth and exploration efforts.
Reduced Exploration Activities
Exploration drilling cut back to conserve cash amid permit delays, affecting the ability to expand reserves.
Company Guidance
During the Fortitude Gold Q3 2024 earnings call, CEO Jason Reid highlighted several key performance metrics despite ongoing permitting challenges. The company reported net sales of $10.2 million, a cash balance of $30.3 million, and working capital of $41.5 million. Fortitude Gold produced 4,220 ounces of gold, achieving a mine gross profit of $4.8 million. Exploration expenditures amounted to $2.7 million, with total cash costs after by-product credits at $906 per gold ounce sold and an all-in sustaining cost of $990 per ounce. Dividends paid totaled $2.9 million, and the company held $2 million in gold and silver bullion. Reid expressed optimism for the future, citing a favorable shift in the political landscape likely to enhance business conditions and expedite permitting processes crucial for expanding their mining operations.Fortitude Gold Corp. Financial Statement Overview
Summary
Fortitude Gold Corp. is experiencing financial challenges with a significant revenue decline and net loss, as evidenced by the income statement score of 55.0. The balance sheet remains strong with zero debt and high liquidity, scoring 70.0, but the cash flow score of 45.0 points to serious cash flow issues.Income Statement
The income statement reveals a challenging year for Fortitude Gold Corp. with a decline in revenue from $73.07M in 2023 to $18.33M in 2024. The gross profit margin remained strong at 100% due to the absence of reported costs, but the net profit margin turned negative at -11.14%, reflecting a net loss. The EBIT and EBITDA margins were 67.61% and 39.63%, respectively, indicating operational efficiency despite the revenue downturn. Previous years showed fluctuating revenue growth, with a significant decline from 2022 to 2023.55
Neutral
Balance Sheet
Fortitude Gold Corp. maintains a solid balance sheet with zero debt in 2024, enhancing financial stability. The equity ratio stands at 88.54%, indicating strong reliance on equity financing. However, return on equity plummeted to -1.89% due to the net loss. The company has consistently maintained a high level of cash and cash equivalents, signifying strong liquidity.70
Positive
Cash Flow
The cash flow statement highlights challenges with a negative operating cash flow of -$6.64M and free cash flow of -$10.10M in 2024. This contrasts with stronger cash flows in previous years, such as a positive free cash flow of $17.55M in 2023. The operating cash flow to net income and free cash flow to net income ratios were not favorable, indicating cash flow issues alongside a net loss.45
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.69M | 37.33M | 73.07M | 74.38M | 82.11M | 53.97M |
| Gross Profit | 2.14M | 18.33M | 41.23M | 35.40M | 40.56M | 16.18M |
| EBITDA | 6.41M | 5.54M | 30.67M | 31.45M | 38.85M | 21.05M |
| Net Income | -791.00K | -2.04M | 17.02M | 14.68M | 17.87M | 10.22M |
Balance Sheet | ||||||
| Total Assets | 120.43M | 122.11M | 135.00M | 131.16M | 122.43M | 113.03M |
| Cash, Cash Equivalents and Short-Term Investments | 23.68M | 28.99M | 50.21M | 45.05M | 40.02M | 27.77M |
| Total Debt | 0.00 | 0.00 | 631.00K | 3.83M | 618.00K | 7.41M |
| Total Liabilities | 13.60M | 14.01M | 14.45M | 15.40M | 10.08M | 15.06M |
| Stockholders Equity | 106.84M | 108.09M | 120.55M | 115.76M | 112.35M | 97.97M |
Cash Flow | ||||||
| Free Cash Flow | -8.88M | -10.10M | 17.55M | 16.61M | 20.12M | 6.51M |
| Operating Cash Flow | -6.11M | -6.64M | 22.98M | 28.57M | 24.66M | 13.00M |
| Investing Cash Flow | -2.74M | -3.43M | -6.85M | -11.96M | -4.55M | -6.49M |
| Financing Cash Flow | -11.60M | -11.52M | -12.50M | -11.57M | -7.88M | 20.39M |
Fortitude Gold Corp. Technical Analysis
Positive
4.26
Price Trends
3.74
Positive
3.47
Positive
4.14
Positive
Market Momentum
0.22
Negative
61.68
Neutral
59.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FTCO, the sentiment is Positive. The current price of 4.26 is above the 20-day moving average (MA) of 3.93, above the 50-day MA of 3.74, and above the 200-day MA of 4.14, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 61.68 is Neutral, neither overbought nor oversold. The STOCH value of 59.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FTCO.
Fortitude Gold Corp. Risk Analysis
Fortitude Gold Corp. disclosed 36 risk factors in its most recent earnings report. Fortitude Gold Corp. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Fortitude Gold Corp. Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | 448.36M | 47.77 | 18.02% | ― | 59.64% | 61.41% | |
52 Neutral | 109.02M | -1.89 | 0.00% | ― | -39.10% | 9.45% | |
50 Neutral | 304.07M | -42.34 | 0.00% | ― | 0.00% | 91.60% | |
49 Neutral | $105.79M | 620.00 | 0.18% | 7.60% | -38.02% | -97.21% | |
45 Neutral | 78.59M | -8.17 | 0.00% | ― | 0.00% | -10.14% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
Performance Comparison
FTCO
Fortitude Gold Corp.
4.35
-0.34
-7.25%
USAU
US Gold
15.82
9.94
169.05%
GORO
Gold Resource
0.80
0.47
142.42%
PZG
Paramount Gold Nevada
1.10
0.66
150.00%
CTGO
Contango ORE
24.00
4.95
25.98%
IDR
Idaho Strategic Resources
30.91
16.07
108.29%
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.