Founders Metals (TSE:FDR)
:FDR
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Founders Metals
(FDR)
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Rating:54Neutral
Price Target:
C$5.50
▲(11.11% Upside)
Action:Reiterated
Date:04/29/26
The score is held back primarily by weak financial performance (no revenue, widening losses, and significant negative free cash flow), partially offset by a strong debt-free balance sheet and improving technical setup (price above key moving averages with positive MACD). Valuation remains constrained by ongoing losses (negative P/E) and no dividend support.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure materially lowers financial risk and interest obligations, giving management flexibility to direct capital to exploration. Over the next 2-6 months this reduces liquidity pressure and extends runway for drilling and target advancement without servicing debt.
Negative Factors
No revenue and widening operating losses
Persistent lack of revenue and escalating operating losses mean the firm's economics are fully dependent on exploration success or external funding. Over several months this raises execution risk: failure to delineate value forces more financing or asset sales, diluting shareholders.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure materially lowers financial risk and interest obligations, giving management flexibility to direct capital to exploration. Over the next 2-6 months this reduces liquidity pressure and extends runway for drilling and target advancement without servicing debt.
Read all positive factors
Founders Metals (FDR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$640.01M
Dividend YieldN/A
Average Volume (3M)267.56K
Price to Earnings (P/E)―
Beta (1Y)1.73
Revenue GrowthN/A
EPS Growth0.39%
CountryCA
Employees22
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.13
Shares Outstanding115,944,030
10 Day Avg. Volume248,798
30 Day Avg. Volume267,557
Financial Highlights & Ratios
PEG Ratio2.34
Price to Book (P/B)3.74
Price to Sales (P/S)0.00
P/FCF Ratio-48.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$8.00Price Target Upside61.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.06
Revenue Forecast (FY)C$1.00M
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...
How the Company Makes Money
null...
Founders Metals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Aug 2022 | Nov 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 | -13.60M | -10.59M | 0.00 | -1.86M | -687.48K | -990.24K |
| Net Income | -13.21M | -10.59M | -7.74M | -1.86M | -485.77K | -901.26K |
Balance Sheet | ||||||
| Total Assets | 165.73M | 115.74M | 35.13M | 14.98M | 9.89M | 10.70M |
| Cash, Cash Equivalents and Short-Term Investments | 47.42M | 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 | 8.87M | 7.52M | 3.04M | 889.77K | 17.30K | 367.18K |
| Stockholders Equity | 150.64M | 102.01M | 32.09M | 14.09M | 9.88M | 10.33M |
Cash Flow | ||||||
| Free Cash Flow | -23.82M | -7.92M | -3.99M | -1.38M | -952.85K | -1.39M |
| Operating Cash Flow | -3.32M | -5.38M | -3.17M | -781.47K | -952.85K | -681.44K |
| Investing Cash Flow | -47.02M | -36.51M | -13.88M | -3.07M | -1.37M | -704.09K |
| Financing Cash Flow | 46.10M | 62.85M | 19.82M | 4.91M | -4.43K | 4.68M |
Founders Metals Technical Analysis
Neutral
4.95
Price Trends
4.66
Positive
4.52
Positive
4.24
Positive
Market Momentum
0.23
Positive
45.72
Neutral
46.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FDR, the sentiment is Neutral. The current price of 4.95 is below the 20-day moving average (MA) of 5.22, above the 50-day MA of 4.66, and above the 200-day MA of 4.24, indicating a neutral trend. The MACD of 0.23 indicates Positive momentum. The RSI at 45.72 is Neutral, neither overbought nor oversold. The STOCH value of 46.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:FDR.
Founders Metals Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | C$321.09M | 3.22 | 32.00% | ― | 116.41% | -20.03% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$640.01M | -61.45 | -10.51% | ― | ― | 0.39% | |
51 Neutral | C$886.95M | 64.27 | -1.98% | ― | ― | 46.12% | |
46 Neutral | C$284.69M | 9.71 | 0.75% | ― | ― | ― | |
44 Neutral | C$327.42M | -18.50 | -8.10% | ― | ― | 47.58% |
* General Sector Average
TSE:FDR
Founders Metals
4.90
0.26
5.60%
TSE:ITH
International Tower Hill Mines
3.21
2.15
202.83%
TSE:GOLD
GoldMining
1.46
0.39
36.45%
TSE:GGA
Goldgroup Mining
1.58
0.57
56.44%
TSE:WRLG
West Red Lake Gold Mines
0.65
-0.13
-16.67%
TSE:STGO
Steppe Gold
1.21
0.32
35.96%
Founders Metals Corporate Events
Business Operations and Strategy
Gold Fields Deepens Stake in Founders Metals as Antino Drilling Ramps Up
Positive
Apr 8, 2026
Gold Fields Netherlands Services B.V., a subsidiary of Gold Fields Ltd, has increased its equity stake in Founders Metals through market purchases, acquiring over 2.4 million shares for about C$10.1 million. This move lifts Gold Fields’ hold...
Business Operations and Strategy
Founders Metals Unveils High-Grade Gold Discovery in First Antino North Drillhole
Positive
Apr 2, 2026
Founders Metals has reported a high-grade gold discovery from the first-ever drillhole at the Antino North area of its Antino Gold Project in southeastern Suriname. The hole intersected 24.6 metres grading 2.81 grams per tonne gold from 1.5 metres...
Business Operations and StrategyDelistings and Listing Changes
Founders Metals Joins GDXJ Index and Launches Drilling at Antino North
Positive
Mar 17, 2026
Founders Metals Inc., a Canadian gold exploration company focused on a large land package in Suriname’s Guiana Shield and backed by Gold Fields and B2Gold, is advancing a district-scale gold camp through one of the sector’s most active...
Business Operations and StrategyDelistings and Listing Changes
Founders Metals Joins GDXJ Index and Ramps Up Drilling at Antino North
Positive
Mar 17, 2026
Founders Metals has been added to the MVIS Global Junior Gold Miners Index, the benchmark for the VanEck Junior Gold Miners ETF, a move that is expected to drive passive ETF buying and broaden its institutional investor base. The index inclusion u...
Business Operations and Strategy
Founders Metals Elevates Lower Antino to Advanced Target on Strong Gold Drilling
Positive
Mar 12, 2026
Founders Metals has upgraded its Lower Antino zone at the Antino Gold Project in Suriname to Advanced Target status, placing it on the same internal tier as the Upper Antino deposit. The reclassification follows cumulative drilling of 50 diamond h...
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.