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Freeman Gold Corp
(FMAN)
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Rating:51Neutral
Price Target:
C$0.36
▲(3.43% Upside)
Action:Reiterated
Date:07/31/26
The score is held down primarily by weak financial performance: no revenue, sharply widening losses, and sustained negative operating/free cash flow that imply ongoing financing/dilution risk. Offsetting this is a comparatively strong balance sheet with low leverage, plus a constructive technical setup with the stock trading above major moving averages. Valuation remains unattractive/unclear due to negative earnings and no dividend yield data.
Positive Factors
Low leverage / Solid balance sheet
Low leverage and a meaningful equity base reduce solvency and refinancing risk, giving Freeman durable financial optionality to fund exploration through equity or partnerships. This balance sheet strength supports multi-quarter exploration programs without immediate debt pressure.
Negative Factors
No revenue; widening losses
Material and growing operating losses erode equity and increase the urgency of external funding. Over a multi-month horizon this reduces financial flexibility, raises dilution risk from equity raises, and limits the company's ability to self-fund expanded exploration.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / Solid balance sheet
Low leverage and a meaningful equity base reduce solvency and refinancing risk, giving Freeman durable financial optionality to fund exploration through equity or partnerships. This balance sheet strength supports multi-quarter exploration programs without immediate debt pressure.
Read all positive factors
Freeman Gold Corp (FMAN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$108.59M
Dividend YieldN/A
Average Volume (3M)630.23K
Price to Earnings (P/E)―
Beta (1Y)0.94
Revenue GrowthN/A
EPS Growth-198.41%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding310,251,500
10 Day Avg. Volume682,429
30 Day Avg. Volume630,233
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.13
Price to Sales (P/S)0.00
P/FCF Ratio-5.54
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
Freeman Gold Corp Business Overview & Revenue Model
Company Description
Freeman Gold Corp. is dedicated to securing, investigating, and appraising mineral deposits across Canada and the United States. Its primary holding is the wholly-owned Lemhi gold project, strategically located in Lemhi County, Idaho. This substan...
How the Company Makes Money
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Freeman Gold Corp Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 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 | -126.00K | -87.03K |
| EBITDA | -5.05M | -4.54M | -30.10K | 27.66K | -3.10M | -3.40M |
| Net Income | -5.12M | -5.43M | -32.24K | -1.67M | 726.44K | -3.49M |
Balance Sheet | ||||||
| Total Assets | 43.68M | 44.28M | 30.92M | 28.35M | 29.97M | 31.33M |
| Cash, Cash Equivalents and Short-Term Investments | 7.95M | 11.69M | 4.41M | 2.33M | 5.31M | 20.05M |
| Total Debt | 4.02M | 3.67M | 0.00 | 33.69K | 107.06K | 0.00 |
| Total Liabilities | 5.11M | 5.15M | 477.95K | 1.44M | 1.85M | 5.25M |
| Stockholders Equity | 38.56M | 39.13M | 30.44M | 26.90M | 28.12M | 26.08M |
Cash Flow | ||||||
| Free Cash Flow | -9.37M | -8.00M | -1.64M | -1.16M | -14.82M | -4.97M |
| Operating Cash Flow | -2.61M | -2.45M | -952.68K | -1.16M | -2.07M | -2.35M |
| Investing Cash Flow | -7.58M | -5.57M | -549.88K | -1.74M | -12.86M | -2.62M |
| Financing Cash Flow | 15.45M | 15.29M | 3.54M | -78.87K | -34.53K | 19.86M |
Freeman Gold Corp Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | C$108.59M | -18.72 | -13.11% | ― | ― | -198.41% | |
48 Neutral | C$184.10M | -5.74 | -73.64% | ― | ― | -154.71% | |
45 Neutral | C$74.23M | 12.57 | 17.96% | ― | ― | ― | |
43 Neutral | C$111.25M | -28.32 | -7.08% | ― | ― | -50.00% | |
34 Underperform | C$111.56M | -15.99 | -59.35% | ― | ― | -108.57% |
* Basic Materials Sector Average
TSE:FMAN
Freeman Gold Corp
0.37
0.17
87.18%
TSE:CCM
Canagold Resources
0.56
0.12
25.84%
TSE:SGN
Scorpio Gold
0.28
0.00
0.00%
TSE:YARR
Sokoman Minerals Corp
0.24
0.21
683.33%
TSE:TECT
Tectonic Metals
2.25
1.24
122.77%
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.