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Freeman Gold Corp
(FMAN)
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Rating:51Neutral
Price Target:
C$0.33
▼(-5.14% Downside)
Action:Reiterated
Date:07/03/26
The score is held back primarily by weak financial performance (no revenue, rising losses, and ongoing cash burn) and limited valuation support (negative P/E and no dividend). These are partly offset by constructive technical trends with the stock trading above key moving averages and moderate positive momentum.
Positive Factors
Balance sheet strength
Low leverage and a sizable equity base provide durable financial flexibility for an exploration company. This reduces short-term solvency risk, supports continued investment in drilling and studies, and gives management runway to advance projects without immediate forced asset sales.
Negative Factors
No revenue
Absence of operating revenue is a fundamental limitation: the firm must rely on financing rather than internal cash generation until assets are monetized. This structural gap makes performance dependent on exploration success and capital markets access over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Low leverage and a sizable equity base provide durable financial flexibility for an exploration company. This reduces short-term solvency risk, supports continued investment in drilling and studies, and gives management runway to advance projects without immediate forced asset sales.
Read all positive factors
Freeman Gold Corp (FMAN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$106.13M
Dividend YieldN/A
Average Volume (3M)630.23K
Price to Earnings (P/E)―
Beta (1Y)0.82
Revenue GrowthN/A
EPS Growth-502.38%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding307,626,500
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
66
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 | -5.25M | -4.54M | -30.10K | 27.66K | -3.10M | -3.40M |
| Net Income | -6.44M | -5.43M | -32.24K | -1.67M | 726.44K | -3.49M |
Balance Sheet | ||||||
| Total Assets | 44.44M | 44.28M | 30.92M | 28.35M | 29.97M | 31.33M |
| Cash, Cash Equivalents and Short-Term Investments | 10.16M | 11.69M | 4.41M | 2.33M | 5.31M | 20.05M |
| Total Debt | 3.84M | 3.67M | 0.00 | 33.69K | 107.06K | 0.00 |
| Total Liabilities | 6.46M | 5.15M | 477.95K | 1.44M | 1.85M | 5.25M |
| Stockholders Equity | 37.98M | 39.13M | 30.44M | 26.90M | 28.12M | 26.08M |
Cash Flow | ||||||
| Free Cash Flow | -9.36M | -8.00M | -1.64M | -1.16M | -14.82M | -4.97M |
| Operating Cash Flow | -2.60M | -2.45M | -952.68K | -1.16M | -2.07M | -2.35M |
| Investing Cash Flow | -6.63M | -5.57M | -549.88K | -1.74M | -12.86M | -2.62M |
| Financing Cash Flow | 15.29M | 15.29M | 3.54M | -78.87K | -34.53K | 19.86M |
Freeman Gold Corp Technical Analysis
Positive
0.35
Price Trends
0.31
Positive
0.32
Positive
0.29
Positive
Market Momentum
0.01
Negative
56.79
Neutral
55.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FMAN, the sentiment is Positive. The current price of 0.35 is above the 20-day moving average (MA) of 0.32, above the 50-day MA of 0.31, and above the 200-day MA of 0.29, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 56.79 is Neutral, neither overbought nor oversold. The STOCH value of 55.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FMAN.
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$106.13M | -13.69 | -15.57% | ― | ― | -502.38% | |
43 Neutral | C$109.11M | -27.50 | -7.08% | ― | ― | -50.00% | |
43 Neutral | C$80.29M | 13.47 | 18.11% | ― | ― | ― | |
| ― | C$121.70M | -15.99 | -59.35% | ― | ― | -108.57% | |
48 Neutral | C$195.95M | -6.11 | -73.64% | ― | ― | -154.71% |
* Basic Materials Sector Average
TSE:FMAN
Freeman Gold Corp
0.35
0.18
109.09%
TSE:CCM
Canagold Resources
0.51
0.14
37.84%
TSE:SGN
Scorpio Gold
0.27
0.06
26.19%
TSE:YARR
Sokoman Minerals Corp
0.24
0.21
585.71%
TSE:TECT
Tectonic Metals
2.15
1.15
115.00%
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.