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Finlay Minerals
(FYL)
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Rating:49Neutral
Price Target:
C$0.09
▼(-22.50% Downside)
Action:Reiterated
Date:06/03/26
The score is primarily constrained by weak financial performance driven by a pre-revenue model, ongoing losses, and significant cash burn, partially offset by a debt-free balance sheet and solid equity base. Technical indicators are mixed and do not strongly confirm a sustained uptrend, while valuation is pressured by negative earnings and the absence of dividend support.
Positive Factors
Debt-free balance sheet
A no-debt capital structure materially lowers solvency and fixed-charge risk for an exploration firm, improving flexibility to fund drilling and surveys via equity or JV structures. This durable strength lengthens operational runway versus peers with leverage.
Negative Factors
Pre-revenue model
Being pre-revenue means the company cannot self-fund operations; persistent negative EBIT reflects ongoing reliance on capital markets. Over a 2–6 month horizon this structural lack of operating income keeps financing and dilution risk elevated until commercial realization occurs.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A no-debt capital structure materially lowers solvency and fixed-charge risk for an exploration firm, improving flexibility to fund drilling and surveys via equity or JV structures. This durable strength lengthens operational runway versus peers with leverage.
Read all positive factors
Finlay Minerals (FYL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$15.80M
Dividend YieldN/A
Average Volume (3M)78.75K
Price to Earnings (P/E)―
Beta (1Y)1.27
Revenue GrowthN/A
EPS Growth-75.00%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding169,900,990
10 Day Avg. Volume109,264
30 Day Avg. Volume78,748
Financial Highlights & Ratios
PEG Ratio-0.36
Price to Book (P/B)1.36
Price to Sales (P/S)0.00
P/FCF Ratio-4.10
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
Finlay Minerals Business Overview & Revenue Model
Company Description
Finlay Minerals Ltd. is a mining exploration company headquartered in Vancouver, Canada, which commenced operations in 1999. The firm specializes in identifying and acquiring base and precious metal deposits located throughout northern British Col...
How the Company Makes Money
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Finlay Minerals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
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 | -429.49K | -312.40K | 49.33K | -374.00K | -946.00K |
| Net Income | -483.53K | -215.23K | -394.00K | -361.00K | -1.04M |
Balance Sheet | |||||
| Total Assets | 15.54M | 11.73M | 11.91M | 11.63M | 12.02M |
| Cash, Cash Equivalents and Short-Term Investments | 3.43M | 299.60K | 641.01K | 280.44K | 1.89M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.57M | 1.62M | 1.73M | 1.77M | 1.92M |
| Stockholders Equity | 12.98M | 10.11M | 10.18M | 9.86M | 10.10M |
Cash Flow | |||||
| Free Cash Flow | -4.29M | -483.95K | -383.75K | -1.77M | -1.46M |
| Operating Cash Flow | -355.30K | -300.90K | -291.10K | -405.72K | -446.86K |
| Investing Cash Flow | 51.45K | -108.85K | -56.05K | -1.27M | -934.21K |
| Financing Cash Flow | 3.42M | 200.00K | 548.61K | 0.00 | 3.05M |
Finlay Minerals Technical Analysis
Negative
0.12
Price Trends
0.10
Negative
0.11
Negative
0.11
Negative
Market Momentum
>-0.01
Negative
44.41
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FYL, the sentiment is Negative. The current price of 0.12 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.10, and above the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.41 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:FYL.
Finlay 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% | |
50 Neutral | C$24.76M | 13.90 | 6.43% | ― | ― | ― | |
49 Neutral | C$15.80M | -27.94 | -2.59% | ― | ― | -75.00% | |
46 Neutral | C$29.10M | -0.90 | 108.42% | ― | ― | -80.76% | |
46 Neutral | C$10.39M | 0.95 | 19.89% | ― | ― | -313.92% | |
45 Neutral | C$15.33M | 1.42 | 6.24% | ― | ― | ― | |
44 Neutral | C$13.76M | -9.17 | -4.21% | ― | ― | 45.37% |
* Basic Materials Sector Average
TSE:FYL
Finlay Minerals
0.09
>-0.01
-7.00%
TSE:ARU
Aurania Resources
0.22
0.03
15.79%
TSE:NOB
Noble Mineral Exploration
0.06
0.03
89.66%
TSE:RRI
Riverside Resources
0.26
0.10
57.58%
TSE:ATHA
Athena Gold
0.29
-0.25
-46.69%
TSE:AIR
Clean Air Metals
0.06
<0.01
10.00%
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.