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Founders Metals
(FDR)
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Rating:44Neutral
Price Target:
C$5.00
▲(20.77% Upside)
Action:Reiterated
Date:07/30/26
The score is primarily weighed down by weak financial performance (pre-revenue with expanding losses and substantial negative free cash flow), implying continued reliance on external financing. Technicals are also soft with the price below major moving averages and high volatility risk. Valuation is not supportive given negative earnings and no dividend yield data.
Positive Factors
Exploration-focused Business Model
Founders Metals operates an early-stage exploration model centered on geological mapping, geochemical sampling, geophysics and drilling to advance targets toward resources or partners. That model can generate outsized project value via discoveries or JV deals while keeping fixed operating overhead low, providing durable upside optionality over a multi-month exploration cycle if targets prove economic.
Negative Factors
Pre-revenue with Widening Losses
The company remains pre‑revenue and reported expanding net losses (roughly -$10.6M in 2025 and -$11.5M TTM), indicating no operating income to offset exploration spending. Persistently negative profitability limits internal funding capacity and lengthens the path to self-sufficiency, making sustained operations contingent on successful discoveries or continued external capital over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Exploration-focused Business Model
Founders Metals operates an early-stage exploration model centered on geological mapping, geochemical sampling, geophysics and drilling to advance targets toward resources or partners. That model can generate outsized project value via discoveries or JV deals while keeping fixed operating overhead low, providing durable upside optionality over a multi-month exploration cycle if targets prove economic.
Read all positive factors
Founders Metals (FDR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$603.01M
Dividend YieldN/A
Average Volume (3M)267.56K
Price to Earnings (P/E)―
Beta (1Y)2.13
Revenue GrowthN/A
EPS Growth-51.78%
CountryCA
Employees22
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.11
Shares Outstanding116,187,360
10 Day Avg. Volume248,798
30 Day Avg. Volume267,557
Financial Highlights & Ratios
PEG Ratio2.42
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.08
Revenue Forecast (FY)C$1.00M
Founders Metals Business Overview & Revenue Model
Company Description
Founders Metals Inc. is a gold-focused company that acquires, explores, and develops gold-bearing properties. The company currently holds two primary assets: the Elmtree gold project in New Brunswick, Canada, which comprises 49 interconnected mine...
How the Company Makes Money
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Founders Metals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
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 | -34.87K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -11.66M | -10.59M | -7.96M | -1.86M | -485.77K | -901.26K |
| Net Income | -11.47M | -10.59M | -7.74M | -1.86M | -485.77K | -901.26K |
Balance Sheet | ||||||
| Total Assets | 166.62M | 115.74M | 35.13M | 14.98M | 9.89M | 10.70M |
| Cash, Cash Equivalents and Short-Term Investments | 33.54M | 25.75M | 4.80M | 2.03M | 969.59K | 3.29M |
| Total Debt | 818.91K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 10.30M | 7.52M | 3.04M | 889.77K | 17.30K | 367.18K |
| Stockholders Equity | 150.10M | 102.01M | 32.09M | 14.09M | 9.88M | 10.33M |
Cash Flow | ||||||
| Free Cash Flow | -33.27M | -7.92M | -3.99M | -1.38M | -952.85K | -1.39M |
| Operating Cash Flow | -2.93M | -5.38M | -3.17M | -781.47K | -952.85K | -681.44K |
| Investing Cash Flow | -52.91M | -36.51M | -13.88M | -3.07M | -1.37M | -704.09K |
| Financing Cash Flow | 45.93M | 62.85M | 19.82M | 4.91M | -4.43K | 4.68M |
Founders Metals Technical Analysis
Positive
4.14
Price Trends
4.21
Positive
4.49
Positive
4.40
Positive
Market Momentum
0.25
Negative
76.78
Negative
96.39
Negative
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 4.14 is below the 20-day moving average (MA) of 4.32, below the 50-day MA of 4.21, and below the 200-day MA of 4.40, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 76.78 is Negative, neither overbought nor oversold. The STOCH value of 96.39 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | C$384.30M | 6.31 | 32.00% | ― | 116.41% | -20.03% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | C$1.00B | -254.55 | -1.98% | ― | ― | 46.12% | |
51 Neutral | C$318.74M | 38.81 | 7.66% | ― | ― | ― | |
45 Neutral | C$309.31M | -14.12 | -9.94% | ― | ― | 18.45% | |
44 Neutral | C$603.01M | -50.85 | -8.30% | ― | ― | -51.78% |
* General Sector Average
TSE:FDR
Founders Metals
5.40
2.71
100.74%
TSE:ITH
International Tower Hill Mines
3.90
2.18
126.74%
TSE:GOLD
GoldMining
1.45
0.35
31.82%
TSE:WRLG
West Red Lake Gold Mines
0.78
-0.10
-11.36%
TSE:STGO
Steppe Gold
1.54
0.23
17.56%
Founders Metals Corporate Events
Business Operations and Strategy
Founders Metals Extends High-Grade Gold Zone at Upper Antino in Suriname
Positive
Aug 6, 2026
Founders Metals has reported strong new drilling results from the Upper Antino target at its Antino Gold Project in southeastern Suriname, underscoring the project’s high-grade potential. The company aims to advance Suriname as its next majo...
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.