Four Nines Gold (TSE:FNAU)
:FNAU
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Four Nines Gold
(FNAU)
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Rating:51Neutral
Price Target:
C$0.44
▲(10.50% Upside)
Action:ReiteratedDate:03/03/26
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow). Technical indicators are a positive offset, with price above key moving averages and a positive MACD, but valuation is constrained by negative earnings and the absence of a dividend.
Positive Factors
Low leverage / solid asset base
Modest debt relative to equity and a tangible asset base give the company financial flexibility. Low leverage reduces refinancing risk and preserves capacity to fund exploration or working capital, supporting survival through commodity cycles and funding optionality over months.
Negative Factors
Pre-revenue, persistent losses
The company remains pre-revenue with sizeable recurring losses, which prevents internal funding of operations or development. Persistent unprofitability necessitates external capital, dilutes shareholders, and limits the firm's ability to invest in growth without material financing actions.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / solid asset base
Modest debt relative to equity and a tangible asset base give the company financial flexibility. Low leverage reduces refinancing risk and preserves capacity to fund exploration or working capital, supporting survival through commodity cycles and funding optionality over months.
Read all positive factors
Four Nines Gold (FNAU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$19.75M
Dividend YieldN/A
Average Volume (3M)7.37K
Price to Earnings (P/E)―
Beta (1Y)-0.07
Revenue GrowthN/A
EPS Growth-47.97%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding44,377,240
10 Day Avg. Volume600
30 Day Avg. Volume7,374
Financial Highlights & Ratios
PEG Ratio0.62
Price to Book (P/B)10.89
Price to Sales (P/S)0.00
P/FCF Ratio-41.18
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
Four Nines Gold Business Overview & Revenue Model
Company Description
Four Nines Gold Inc., a junior resource company, engages in the acquisition, exploration, and development of gold properties in Canada. It has an option to acquire a 100% interest in the Bonneville property that includes 36 mineral tenures coverin...
How the Company Makes Money
Four Nines Gold generates revenue primarily through the extraction and sale of gold. The company identifies and acquires promising mining sites, conducts extensive exploration to assess the gold reserves, and establishes mining operations to extra...
Four Nines Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 |
|---|---|---|---|---|---|---|
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 | -284.83K | -379.00K | -232.00K | -491.00K | -468.00K | -158.93K |
| Net Income | -398.06K | -395.00K | -511.00K | -495.00K | -469.00K | -159.95K |
Balance Sheet | ||||||
| Total Assets | 1.35M | 1.20M | 840.26K | 861.05K | 1.25M | 580.13K |
| Cash, Cash Equivalents and Short-Term Investments | 1.24K | 25.00 | 22.37K | 245.54K | 1.01M | 378.26K |
| Total Debt | 154.27K | 271.33K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 599.56K | 650.38K | 218.57K | 44.60K | 132.06K | 50.32K |
| Stockholders Equity | 754.75K | 548.64K | 621.68K | 816.45K | 1.11M | 529.81K |
Cash Flow | ||||||
| Free Cash Flow | -151.34K | -145.10K | -250.24K | -639.56K | -239.93K | -271.13K |
| Operating Cash Flow | -76.08K | -145.10K | -160.87K | -466.30K | -214.93K | -86.13K |
| Investing Cash Flow | -173.26K | -61.20K | -380.08K | -356.89K | -25.00K | -193.05K |
| Financing Cash Flow | 263.51K | 196.96K | 316.45K | 57.00K | 876.65K | -65.88K |
Four Nines Gold Technical Analysis
Positive
0.40
Price Trends
0.31
Positive
0.26
Positive
0.23
Positive
Market Momentum
0.04
Negative
64.08
Neutral
91.41
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FNAU, the sentiment is Positive. The current price of 0.4 is above the 20-day moving average (MA) of 0.38, above the 50-day MA of 0.31, and above the 200-day MA of 0.23, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 64.08 is Neutral, neither overbought nor oversold. The STOCH value of 91.41 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FNAU.
Four Nines Gold 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% | |
60 Neutral | C$6.89M | 19.73 | -6.09% | ― | -15.28% | -122.22% | |
51 Neutral | C$19.75M | -37.31 | -66.97% | ― | ― | -47.97% | |
51 Neutral | C$5.94M | -4.64 | -82.51% | ― | ― | 66.36% | |
47 Neutral | C$7.71M | -17.71 | 136.07% | ― | ― | 60.38% |
* Basic Materials Sector Average
TSE:FNAU
Four Nines Gold
0.45
0.22
100.45%
TSE:ARQ
Argo Gold
0.10
0.02
35.71%
TSE:CAND.H
Candelaria Mining
0.03
0.02
150.00%
TSE:RFR
Renforth Resources
0.02
0.00
0.00%
TSE:VG
Volcanic Gold Mines Inc
0.10
>-0.01
-9.09%
Four Nines Gold Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Four Nines Gold to Raise Up to CAD $3.6 Million for Hayden Hill Exploration
Positive
Feb 24, 2026
Four Nines Gold Inc. plans to raise up to CAD $3.6 million through a non-brokered private placement of units priced at CAD $0.20, each comprising one common share and one-half of a warrant exercisable at $0.35 for two years, with an acceleration f...
Stock Split
Four Nines Gold to Double Share Count with Two-for-One Forward Split
Neutral
Jan 30, 2026
Four Nines Gold Inc. has announced a two-for-one forward split of its common shares, doubling the number of issued and outstanding shares from 22,188,620 to 44,377,240, subject to approval by the Canadian Securities Exchange. The move, which will ...
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.