Fortune Minerals (FT) Stock Price, News & Analysis

Company Overview

Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. It also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.

Key Stats

• Today's Range: C$0.08 to C$0.10
• 50-Day Range: C$0.06 to C$0.11
• 52-Week Range: C$0.04 to C$0.12
• Volume: 428,241 shs
• Average Volume: 422,405 shs
• Market Capitalization: C$55.12 million
• P/E Ratio: N/A
• Dividend Yield: 400.00%
• Price Target: C$0.42
• Consensus Rating: Buy

Fortune Minerals Stock Analysis - MarketRank™

Fortune Minerals scored higher than 37% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Fortune Minerals has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Fortune Minerals has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Fortune Minerals is -18.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Fortune Minerals is -18.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for FT.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Fortune Minerals is a leading dividend payer. It pays a dividend yield of 4.62%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Fortune Minerals does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for FT.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: N/A

News Sentiment

Fortune Minerals has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Basic Materials companies.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Fortune Minerals insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.87% of the stock of Fortune Minerals is held by insiders.

FT Stock Analysis - Frequently Asked Questions

How have FT shares performed this year?

Fortune Minerals' stock was trading at C$0.05 at the start of the year. Since then, FT shares have increased by 100.0% and is now trading at C$0.09.

How do I buy shares of Fortune Minerals?

Shares of FT stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

What other stocks do shareholders of Fortune Minerals own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Fortune Minerals investors own include Aurora Cannabis (ACB), Denison Mines (DML), Great Panther Mining (GPR), Cenovus Energy (CVE), IsoEnergy (ISO), American Lithium (LI) and Whitecap Resources (WCP).

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Basic Materials
• Industry: Other Industrial Metals & Mining
• Sub-Industry: Financial Services
• Current Symbol: TSE:FT
• CIK: N/A
• Web: www.fortuneminerals.com
• Phone: +1-519-8588188
• Fax: N/A
• Employees: 3
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Fortune Minerals: C$0.42
• High Price Target: C$0.42
• Low Price Target: C$0.42
• Potential Upside/Downside: +425.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): C$0.00
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -C$3.22 million
• Net Margins: -13,690.93%
• Pretax Margin: N/A
• Return on Equity: 30.09%
• Return on Assets: -5.38%

Debt

• Debt-to-Equity Ratio: -111.61
• Current Ratio: 0.39
• Quick Ratio: 0.04

Sales & Book Value

• Annual Sales: C$23.50 thousand
• Price / Sales: 1,975.17
• Cash Flow: C$0.00 per share
• Price / Cash Flow: 70.00
• Book Value: C($0.02) per share
• Price / Book: -4.09

Miscellaneous

• Outstanding Shares: 580,261,500
• Free Float: N/A
• Market Cap: C$46.42 million
• Optionable: Not Optionable
• Beta: 0.01