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Forsys Metals
(TSX:FSY)
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Rating:49Neutral
Price Target:
C$0.42
▼(-0.48% Downside)
Action:Reiterated
Date:06/19/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and negative operating/free cash flow), despite a strong, low-risk balance sheet with zero debt. Technicals are supportive due to strong recent momentum above key moving averages, but overbought indicators temper that positive signal. Valuation is also constrained by the negative P/E and lack of a dividend yield.
Positive Factors
Balance Sheet Strength
Zero reported debt and a sizable equity buffer provide durable financial flexibility for a development-stage miner. This low leverage lowers solvency risk, supports project funding from internal capital for measured development activity, and extends runway versus highly leveraged peers.
Negative Factors
No Operating Revenue
A complete absence of operating revenue means the business lacks demonstrated commercial cash generation and margin structure. Without revenues, valuation depends entirely on project optionality and financing, increasing execution and market-risk exposure until production or monetization occurs.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Zero reported debt and a sizable equity buffer provide durable financial flexibility for a development-stage miner. This low leverage lowers solvency risk, supports project funding from internal capital for measured development activity, and extends runway versus highly leveraged peers.
Read all positive factors
Forsys Metals (FSY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$102.78M
Dividend YieldN/A
Average Volume (3M)694.61K
Price to Earnings (P/E)―
Beta (1Y)1.83
Revenue GrowthN/A
EPS Growth17.09%
CountryCA
Employees12
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding244,725,460
10 Day Avg. Volume1,030,912
30 Day Avg. Volume694,613
Financial Highlights & Ratios
PEG Ratio1.10
Price to Book (P/B)1.44
Price to Sales (P/S)0.00
P/FCF Ratio-9.50
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
Forsys Metals Business Overview & Revenue Model
Company Description
Forsys Metals Corp. functions as an exploration firm dedicated to acquiring, exploring, and developing mineral properties throughout Namibia, Africa. The company primarily targets deposits of uranium and gold. Its principal undertaking is the Nora...
How the Company Makes Money
null...
Forsys Metals Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
71
Positive
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -2.13M | -2.61M | 383.40K | -9.77M | -3.85M |
| Net Income | -1.99M | -2.66M | -5.82M | 1.96M | -3.86M |
Balance Sheet | |||||
| Total Assets | 45.17M | 21.62M | 24.27M | 27.32M | 24.86M |
| Cash, Cash Equivalents and Short-Term Investments | 18.71M | 3.33M | 12.41M | 16.92M | 12.56M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.65M | 342.73K | 2.04M | 2.15M | 78.84K |
| Stockholders Equity | 43.52M | 21.28M | 22.24M | 25.17M | 24.78M |
Cash Flow | |||||
| Free Cash Flow | -6.60M | -10.05M | -4.78M | -3.18M | -1.42M |
| Operating Cash Flow | -2.26M | -4.19M | -2.71M | -2.86M | -1.35M |
| Investing Cash Flow | -4.81M | -5.56M | -1.47M | 6.87M | -69.93K |
| Financing Cash Flow | 22.29M | 629.00K | 0.00 | 0.00 | 13.12M |
Forsys Metals Technical Analysis
Positive
0.42
Price Trends
0.40
Positive
0.39
Positive
0.38
Positive
Market Momentum
<0.01
Positive
50.11
Neutral
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FSY, the sentiment is Positive. The current price of 0.42 is below the 20-day moving average (MA) of 0.46, above the 50-day MA of 0.40, and above the 200-day MA of 0.38, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.11 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FSY.
Forsys Metals 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% | |
49 Neutral | C$102.78M | -44.44 | -6.40% | ― | ― | 17.09% | |
49 Neutral | C$53.02M | -8.08 | -10.54% | ― | ― | -5.06% | |
47 Neutral | C$23.40M | -1.69 | -613.46% | ― | ― | -107.25% | |
45 Neutral | C$38.38M | -5.53 | -36.80% | ― | ― | 66.69% | |
41 Neutral | C$63.40M | -10.50 | -8.67% | ― | ― | -26.88% |
* Basic Materials Sector Average
TSE:FSY
Forsys Metals
0.44
-0.15
-25.42%
TSE:CDB
Cordoba Minerals
0.24
0.19
410.64%
TSE:SAG
Sterling Metals
0.85
0.50
139.44%
TSE:NWST
Northwest Copper
0.23
0.04
21.05%
TSE:DEFN
Defense Metals
0.14
-0.07
-34.15%
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.