Fortune Minerals J (TSE:FT)
TSX:FT
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Fortune Minerals
(TSX:FT)
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Rating:46Neutral
Price Target:
C$0.14
▲(42.00% Upside)
Action:ReiteratedDate:04/29/26
The score is primarily weighed down by very weak financial performance (no revenue, widening losses, worsening free cash flow, negative equity with rising debt). Technicals are a key offset with strong price momentum above major moving averages, but overbought indicators (high RSI/Stoch) add near-term reversal risk. Valuation remains pressured due to ongoing losses (negative P/E) and no dividend yield data.
Positive Factors
Strategic cobalt asset and planned refinery
Owning the NICO cobalt-gold-bismuth-copper project plus a planned downstream Alberta refinery creates a vertically integrated development pathway. Structural integration can capture more of the value chain, reduce third-party refining risk and enhance long-term project economics if advanced to production.
Negative Factors
Zero revenue with widening net losses
The company reports no operating revenue and widening net losses, indicating reliance on external capital rather than earned cashflow. Over the medium term this undermines sustainability absent successful project financing or asset monetization, increasing execution risk for development plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic cobalt asset and planned refinery
Owning the NICO cobalt-gold-bismuth-copper project plus a planned downstream Alberta refinery creates a vertically integrated development pathway. Structural integration can capture more of the value chain, reduce third-party refining risk and enhance long-term project economics if advanced to production.
Read all positive factors
Fortune Minerals (FT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$94.86M
Dividend YieldN/A
Average Volume (3M)694.35K
Price to Earnings (P/E)―
Beta (1Y)1.44
Revenue GrowthN/A
EPS Growth-16.90%
CountryCA
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding612,020,570
10 Day Avg. Volume1,496,217
30 Day Avg. Volume694,354
Financial Highlights & Ratios
PEG Ratio-0.74
Price to Book (P/B)-4.65
Price to Sales (P/S)0.00
P/FCF Ratio-6.62
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
Fortune Minerals Business Overview & Revenue Model
Company Description
Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company primarily explores for gold, cobalt, bismuth, copper, silver, lead, and zinc deposits. Its primary ass...
How the Company Makes Money
null...
Fortune Minerals Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
10
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -66.65K | -66.53K | -69.86K | -58.14K | -60.89K |
| EBITDA | -2.19M | -2.43M | -1.48M | -360.00K | -784.00K |
| Net Income | -4.52M | -3.61M | -2.85M | -32.97M | -2.41M |
Balance Sheet | |||||
| Total Assets | 10.29M | 4.82M | 1.56M | 46.45M | 78.61M |
| Cash, Cash Equivalents and Short-Term Investments | 2.26M | 1.59M | 673.63K | 78.65K | 1.80M |
| Total Debt | 17.80M | 12.73M | 9.50M | 8.31M | 13.08M |
| Total Liabilities | 20.32M | 16.22M | 10.02M | 8.57M | 14.75M |
| Stockholders Equity | -10.03M | -11.40M | -8.46M | 37.87M | 63.86M |
Cash Flow | |||||
| Free Cash Flow | -7.05M | -1.79M | -1.38M | -1.54M | -908.04K |
| Operating Cash Flow | -2.97M | -186.52K | -1.21M | -1.20M | -814.59K |
| Investing Cash Flow | -4.08M | -1.60M | -185.59K | -726.33K | -1.37M |
| Financing Cash Flow | 7.71M | 2.71M | 1.99M | 204.32K | 2.91M |
Fortune Minerals Technical Analysis
Positive
0.10
Price Trends
0.12
Positive
0.11
Positive
0.10
Positive
Market Momentum
<0.01
Negative
58.27
Neutral
83.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FT, the sentiment is Positive. The current price of 0.1 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.12, and above the 200-day MA of 0.10, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.27 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FT.
Fortune Minerals 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$110.31M | 17.52 | -5.33% | ― | ― | 16.24% | |
46 Neutral | C$94.86M | -16.79 | 40.99% | ― | ― | -16.90% | |
45 Neutral | C$48.84M | -103.33 | -3.27% | ― | ― | -60.00% | |
44 Neutral | C$32.01M | -59.67 | -1.60% | ― | ― | 63.10% | |
43 Neutral | C$66.43M | -38.13 | -3.68% | ― | ― | 30.11% | |
40 Underperform | C$70.90M | -1,508.00 | -50.65% | ― | ― | 58.59% |
* Basic Materials Sector Average
TSE:FT
Fortune Minerals
0.16
0.09
138.46%
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Fortune Minerals Corporate Events
Business Operations and Strategy
Fortune Minerals Secures Waste Disposal Partner for Planned Alberta Refinery
Positive
Apr 8, 2026
Fortune Minerals’ Alberta subsidiary has signed a backstop agreement with SECURE Waste Infrastructure to design and secure approvals for brine and solid waste disposal from its planned hydrometallurgical refinery in Lamont County, Alberta. T...
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.