Freeman Gold Corp (TSE:FMAN)
:FMAN
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Freeman Gold Corp
(FMAN)
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Rating:52Neutral
Price Target:
C$0.31
▼(-10.57% Downside)
Action:ReiteratedDate:02/19/26
The score is primarily held back by weak financial performance (no revenue, rising losses, and cash burn), partially offset by a relatively strong, low-leverage balance sheet. Technicals are moderately supportive (price above longer-term moving averages with neutral momentum), while valuation provides limited insight due to a negative P/E and no dividend data.
Positive Factors
Low leverage / strong balance sheet
Low leverage with sizable equity provides structural financial flexibility for an exploration company. This reduces insolvency risk, improves ability to secure project financing on reasonable terms, and supports sustained spending on drilling and resource definition over the next several quarters.
Negative Factors
No revenue / exploration-stage business
Absence of operating revenue is a fundamental constraint: the business lacks internal cash generation and remains fully dependent on capital markets or partners to fund operations. This structural reality keeps earnings visibility low until production or a monetizable resource is achieved.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Low leverage with sizable equity provides structural financial flexibility for an exploration company. This reduces insolvency risk, improves ability to secure project financing on reasonable terms, and supports sustained spending on drilling and resource definition over the next several quarters.
Read all positive factors
Freeman Gold Corp (FMAN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$96.90M
Dividend YieldN/A
Average Volume (3M)630.23K
Price to Earnings (P/E)―
Beta (1Y)0.85
Revenue GrowthN/A
EPS Growth-58.88%
CountryCA
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
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. engages in the acquisition, exploration, and evaluation of mineral properties in Canada and the United States. The company holds a 100% interest in the Lemhi gold project comprising 10 patented mining claims, 1 patented millsite...
How the Company Makes Money
null...
Freeman Gold Corp Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
66
Positive
Cash Flow
22
Negative
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | -126.00K | -87.03K |
| EBITDA | -4.54M | -30.10K | 27.66K | -3.10M | -3.40M |
| Net Income | -5.43M | -32.24K | -1.67M | 726.44K | -3.49M |
Balance Sheet | |||||
| Total Assets | 44.28M | 30.92M | 28.35M | 29.97M | 31.33M |
| Cash, Cash Equivalents and Short-Term Investments | 11.69M | 4.41M | 2.33M | 5.31M | 20.05M |
| Total Debt | 3.67M | 0.00 | 33.69K | 107.06K | 0.00 |
| Total Liabilities | 5.15M | 477.95K | 1.44M | 1.85M | 5.25M |
| Stockholders Equity | 39.13M | 30.44M | 26.90M | 28.12M | 26.08M |
Cash Flow | |||||
| Free Cash Flow | -8.00M | -1.64M | -1.16M | -14.82M | -4.97M |
| Operating Cash Flow | -2.45M | -952.68K | -1.16M | -2.07M | -2.35M |
| Investing Cash Flow | -5.57M | -549.88K | -1.74M | -12.86M | -2.62M |
| Financing Cash Flow | 15.29M | 3.54M | -78.87K | -34.53K | 19.86M |
Freeman Gold Corp Technical Analysis
Positive
0.35
Price Trends
0.36
Negative
0.30
Positive
0.24
Positive
Market Momentum
>-0.01
Negative
46.99
Neutral
23.48
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 0.31, below the 50-day MA of 0.36, and above the 200-day MA of 0.24, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.99 is Neutral, neither overbought nor oversold. The STOCH value of 23.48 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% | |
52 Neutral | C$96.90M | -8.16 | -15.57% | ― | ― | -58.88% | |
50 Neutral | C$114.44M | -23.10 | -4.68% | ― | ― | 45.79% | |
49 Neutral | C$102.78M | 2.20 | -146.98% | ― | ― | -57.61% | |
| ― | C$80.45M | -10.05 | -59.35% | ― | ― | -652.38% | |
51 Neutral | C$136.72M | -7.36 | ― | ― | ― | ― | |
46 Neutral | C$221.41M | -2.51 | -206.45% | ― | ― | -48.84% |
* Basic Materials Sector Average
TSE:FMAN
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Freeman Gold Corp Corporate Events
Business Operations and Strategy
Freeman Gold Adds Specialist Contractors to Advance Lemhi Project Permitting
Positive
Apr 8, 2026
Freeman Gold Corp. has engaged three additional specialist contractors to advance environmental and cultural baseline studies at its Lemhi Gold Project in Idaho, strengthening the technical work underpinning future permitting. The new firms will c...
Business Operations and StrategyFinancial Disclosures
Freeman Gold Lifts Lemhi Deposit to 1.22 Moz in Updated Resource Estimate
Positive
Feb 5, 2026
Freeman Gold Corp. has released an updated mineral resource estimate for its Lemhi Gold Deposit in Idaho, reporting pit-constrained measured and indicated resources of 1.22 million ounces of gold at an average grade of 0.79 g/t within 48.31 millio...
Business Operations and Strategy
Freeman Gold Taps GSI Environmental to Fast-Track Permitting at Lemhi Gold Project
Positive
Jan 13, 2026
Freeman Gold Corp. has engaged GSI Environmental Inc., a prominent North American environmental and permitting consultancy, as lead permitting advisor to accelerate environmental baseline work and regulatory approvals for its Lemhi gold project in...
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.