Founders Metals (FDR) AI Stock Analysis

• Market Cap: C$507.96M
• Dividend Yield: N/A
• Average Volume (3M): 267.56K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.30
• Revenue Growth: N/A
• EPS Growth: 46.54%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 114,924,034
• 10 Day Avg. Volume: 248,798
• 30 Day Avg. Volume: 267,557
• PEG Ratio: 2.34
• Price to Book (P/B): 3.74
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -48.21
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: C$4.00 ▼(-6.98% Downside)

The score is held back primarily by the lack of revenue, widening losses, and increasing cash burn (funding/dilution risk), partly offset by a strong, debt-free balance sheet. Technical indicators are broadly neutral and valuation support is limited by negative earnings and no dividend yield provided.

Positive Factors

Strong Balance Sheet

A strong balance sheet with no debt provides financial stability and flexibility, allowing the company to invest in growth opportunities without the burden of interest payments.

Significant Financing

Securing substantial financing enhances the company's ability to fund exploration activities, supporting long-term growth and increasing its competitive position in the mining industry.

Expansion of Gold Mineralization

The expansion of gold mineralization at the Antino Project suggests strong potential for resource growth, enhancing the company's asset base and future revenue prospects.

Negative Factors

Lack of Revenue

The absence of revenue generation indicates challenges in monetizing assets, which could hinder the company's ability to sustain operations and achieve profitability in the long term.

Negative Cash Flow

Persistent negative cash flow suggests ongoing cash burn, which can strain financial resources and limit the company's ability to invest in growth initiatives without additional financing.

Operational Challenges

Negative EBIT and EBITDA reflect operational inefficiencies, which may require strategic changes to improve cost management and move towards profitability.

Founders Metals Business Overview & Revenue Model

Company Description

Founders Metals Inc. engages in the acquisition, exploration, and development of gold properties in Canada. It holds interests in the Elmtree gold project that includes 49 contiguous mineral claims covering an area of 1,063,326 hectares located in New Brunswick; and the Antino gold project covering an area of 23,800 hectares located in southeastern Suriname. The company is headquartered in Vancouver, Canada.

How the Company Makes Money

Founders Metals generates revenue primarily through the sale of extracted metals such as gold, silver, and copper. The company identifies and develops mineral-rich properties, extracting valuable metals which are then sold to commodity markets, smelters, and refineries. Key revenue streams include the direct sale of extracted raw materials and potentially through joint ventures or partnerships with larger mining enterprises. Factors such as fluctuations in global metal prices, operational efficiency, and successful exploration activities significantly impact the company's earnings. Partnerships with technology providers and sustainable mining initiatives may also contribute to operational efficiencies and cost reductions, indirectly supporting revenue growth.

Founders Metals Financial Statement Overview

Summary

Founders Metals faces significant challenges with zero revenue generation and ongoing losses. Despite a strong balance sheet with no debt, the negative cash flow and absence of income highlight the need for strategic shifts to achieve operational efficiency and revenue growth. The company's financial health hinges on its ability to transition from its current state and leverage its strong equity base.

Income Statement

The company has reported no revenue over the periods analyzed, indicating either a pre-revenue stage or challenges in generating income. With consistent negative EBIT and EBITDA, the net profit margins are also negative, highlighting ongoing operational challenges and the need for significant improvements to move towards profitability.

Balance Sheet

The company maintains a strong balance sheet with no debt, indicating low financial risk and good liquidity. The equity ratio is very high, driven by substantial stockholders' equity compared to total assets. However, the lack of revenue generation remains a concern despite the solid equity position.

Cash Flow

Free cash flow remains negative, yet the company has been able to secure financing, which is crucial for sustaining operations. The operating cash flow is significantly negative compared to net income, indicating inefficiencies in cash management. Continued negative free cash flow suggests ongoing cash burn without revenue support.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
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	-10.91M	-10.59M	0.00	-1.86M	-687.48K	-990.24K
Net Income	-10.59M	-10.59M	-7.74M	-1.86M	-485.77K	-901.26K
Balance Sheet
Total Assets	115.74M	115.74M	35.13M	14.98M	9.89M	10.70M
Cash, Cash Equivalents and Short-Term Investments	25.75M	25.75M	4.80M	2.03M	969.59K	3.29M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	7.52M	7.52M	3.04M	889.77K	17.30K	367.18K
Stockholders Equity	102.01M	102.01M	32.09M	14.09M	9.88M	10.33M
Cash Flow
Free Cash Flow	-27.05M	-7.92M	-3.99M	-1.38M	-952.85K	-1.39M
Operating Cash Flow	-5.38M	-5.38M	-3.17M	-781.47K	-952.85K	-681.44K
Investing Cash Flow	-36.51M	-36.51M	-13.88M	-3.07M	-1.37M	-704.09K
Financing Cash Flow	62.85M	62.85M	19.82M	4.91M	-4.43K	4.68M

Founders Metals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FDR, the sentiment is Positive. The current price of 4.3 is below the 20-day moving average (MA) of 4.49, above the 50-day MA of 4.28, and above the 200-day MA of 4.17, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 49.66 is Neutral, neither overbought nor oversold. The STOCH value of 55.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FDR.

Founders Metals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
THX	81 Outperform	C$879.88M	3.85	68.37%	2.78%	92.67%	207.16%
ELE	68 Neutral	C$1.58B	83.85	2.92%	―	131.18%	150.47%
PRB	65 Neutral	C$746.64M	-29.64	-81.62%	―	―	18.96%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FDR	46 Neutral	C$507.96M	-40.04	―	―	―	46.54%
RML	45 Neutral	C$692.56M	-9.59	―	―	―	-12.17%

Founders Metals Corporate Events

Founders Metals Reports Significant Gold Discoveries at Antino Project

Founders Metals Inc. has announced promising drill core assay results from its ongoing exploration at the Antino Gold Project in Suriname. The initial drilling at the Parbo target has revealed significant gold mineralization, with notable high-grade shear zones. Additionally, the Da Vinci and Maria Geralda targets have shown extended mineralization, indicating robust gold systems across the project area. These findings underscore the potential scale of the gold systems at Antino, with implications for advancing the company’s exploration strategy and enhancing its industry positioning.

The most recent analyst rating on (TSE:FDR) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Founders Metals stock, see the TSE:FDR Stock Forecast page.

Founders Metals Strengthens Board with New Appointment

Founders Metals has appointed Vijay Kirpalani as an independent director to its Board, bringing extensive experience in Suriname’s mining sector. This strategic addition aims to strengthen the company’s operations and enhance its value creation as it advances the Antino Project. Additionally, the company announced the departure of Kevin Vienneau from the Board and granted 250,000 stock options under its Stock Option Plan.

The most recent analyst rating on (TSE:FDR) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Founders Metals stock, see the TSE:FDR Stock Forecast page.

Founders Metals Expands Antino Gold Project with New Acquisition

Founders Metals Inc. has completed the acquisition of a 36,000-hectare exploration concession, expanding its Antino Gold Project area to 56,000 hectares. This acquisition allows the company to resume expansion drilling at Upper Antino, where recent assay results have extended gold mineralization to a strike length of over 2.5 kilometers. The company is in a strong financial position following a strategic investment and is actively exploring multiple targets, with promising results expected to enhance its industry positioning and stakeholder value.

The most recent analyst rating on (TSE:FDR) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Founders Metals stock, see the TSE:FDR Stock Forecast page.

Founders Metals Secures $50 Million Investment from Gold Fields

Founders Metals Inc. has successfully closed a $50 million strategic investment with Gold Fields Netherlands Services B.V., an affiliate of Gold Fields Limited. This investment will support the company’s Antino Gold Project in Suriname, focusing on land consolidation, exploration activities, and general corporate purposes. Gold Fields now holds a 10.55% stake in Founders Metals, with potential future increases in ownership. The agreement includes investor rights, technical collaboration, and board representation opportunities for Gold Fields, enhancing Founders Metals’ operational capabilities and strategic positioning in the gold exploration industry.

The most recent analyst rating on (TSE:FDR) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Founders Metals stock, see the TSE:FDR Stock Forecast page.

Founders Metals Secures $50 Million Investment from Gold Fields

Founders Metals has announced a $50 million strategic investment from Gold Fields, a leading global gold producer. This investment will support the Antino Gold Project in Suriname, facilitating land consolidation, exploration, and corporate growth. The partnership highlights Suriname’s potential as a gold jurisdiction and positions Founders Metals to advance its operations significantly. An Investor Rights Agreement will grant Gold Fields certain rights, including board representation, contingent on shareholding thresholds.

The most recent analyst rating on (TSE:FDR) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Founders Metals stock, see the TSE:FDR Stock Forecast page.

Founders Metals Expands Antino Gold Project with Strategic Acquisition

Founders Metals Inc. has announced a significant expansion of its Antino Gold Project in southeastern Suriname by acquiring a 36,000-hectare exploration concession, nearly tripling its land holdings to 56,000 hectares. This strategic acquisition enhances the company’s position in the Guiana Shield greenstone belt, offering immediate opportunities to extend high-grade gold mineralization and explore multiple high-grade shear zones. The expansion is expected to provide both near-term catalysts and long-term district potential, strengthening Founders’ role as a leading explorer in the region.

The most recent analyst rating on (TSE:FDR) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Founders Metals stock, see the TSE:FDR Stock Forecast page.