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FT
FT.TO — Toronto Stock Exchange Diversified Mining

Fortune Minerals Ltd

C$0,17
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Mcap
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P/E
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EV / Rev
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Div yield
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Op margin
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ROE
6,9 %
Net margin
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Debt / equity
-1,07
Beta
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52w range
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Volume
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Prev close
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Open
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About

Fortune Minerals Ltd is a diversified mining company engaged in the exploration and production of various minerals, primarily operating in the Basic Materials sector.

Business. Fortune Minerals Ltd (FT.TO) is a diversified mining company operating within the Basic Materials sector. The firm is headquartered in Canada and is primarily listed on the Toronto Stock Exchange. As segment and geographic details are not specified, the company is described at the industry level as engaged in diversified mining activities.

Classification92 %
SectorBasic Materials
Business sectorMineral Resources
IndustryDiversified Mining
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
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valuation pending
Analysts
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not yet wired
Ownership
—
not yet wired
Profitability→
6,9 %
return on equity
Quality
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not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning FT.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials · THIS SECTOR+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to FT.TO. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Fortune Minerals Ltd (FT.TO) is a diversified mining company operating within the Basic Materials sector. The firm is headquartered in Canada and is primarily listed on the Toronto Stock Exchange. As segment and geographic details are not specified, the company is described at the industry level as engaged in diversified mining activities.

    Classification92 %
    SectorBasic Materials
    Business sectorMineral Resources
    IndustryDiversified Mining
    AI synthesis
    GENERATED

    Fortune Minerals Ltd exhibits a highly leveraged capital structure, with total liabilities of CAD 10,246,900 and total equity of CAD -9,086,900, resulting in a debt-to-equity ratio of -1.07. The company's liquidity position is weak, as evidenced by a current ratio of 0.03 and negative free cash flow of CAD -651,750. The company's cash and equivalents of CAD 225,230 are insufficient to cover its total liabilities, indicating a medium liquidity risk.

    Profitability metrics are concerning, with a negative return on assets of -53.7% and a return on equity of 6.86%. These figures suggest that the company is not generating sufficient returns to cover its asset base and is operating at a loss. The company's operating income of CAD -379,090 and net income of CAD -622,930 further underscore its financial distress.

    The company's revenue concentration and geographic exposure are not explicitly detailed in the available data. However, the company's operations are primarily in the mining sector, which is subject to commodity price volatility and regulatory changes. The lack of detailed segment and geographic data limits the ability to assess diversification risks.

    Growth trajectory is not evident from the current financial data, as the company is experiencing negative operating and net income. The company's capital expenditure of CAD -45,000 indicates minimal investment in growth initiatives. Without significant improvements in profitability or substantial capital injections, the company's future growth prospects appear limited.

    Risk factors include a medium liquidity risk due to insufficient cash reserves and a high debt burden. The company's dilution risk is assessed as low, but the negative equity position and high leverage increase the potential for future dilution if the company requires additional financing. The company's operating cash flow of CAD -344,790 and free cash flow of CAD -651,750 further exacerbate these risks.

    Recent events and filings indicate that the company is operating in a challenging financial environment. The negative net income and operating income suggest ongoing operational difficulties. The company's financial statements highlight the need for strategic adjustments to improve liquidity and profitability. No recent transcripts or filings provide additional insights into the company's operational or strategic direction.

    Key takeaways
    • Fortune Minerals Ltd is operating at a loss with negative operating and net income.
    • The company has a highly leveraged capital structure with a debt-to-equity ratio of -1.07.
    • Liquidity is a significant concern, with a current ratio of 0.03 and insufficient cash to cover liabilities.
    • Profitability metrics are poor, with a negative return on assets and a return on equity of 6.86%.
    • The company's growth trajectory is limited without significant improvements in financial performance.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation FY

    Market price
    C$0,17
    Market cap
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    Enterprise valueⓘ
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    P/Eⓘ
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    Non-GAAP P/Eⓘ
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    EV / Revenueⓘ
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    EV / Op incomeⓘ
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    EV / OCFⓘ
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    P / Bⓘ
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    P / Tangible bookⓘ
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    Tangible book
    -C$9.1M
    Net cashⓘ
    -C$9.5M
    Current ratioⓘ
    0.0
    Debt / equityⓘ
    -1.1
    ROAⓘ
    -53.7%
    ROEⓘ
    6.9%
    Cash conversionⓘ
    55.0%
    CapEx / revenueⓘ
    —
    SBC / revenueⓘ
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    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    ROE6,9 %Above P75
    D/E-1,07Best in class
    Cash Conv0,55Below median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Physical assets

    6 tracked
    AssetTypeCommodityCountryRole
    Arctos Anthracite Coal DepositMineCoalCanadaOperating company
    Arctos Anthracite Coal DepositOtherCoalCanadaOperating company
    NicoMineSilverCanadaOperating company
    NicoOtherSilverCanadaOperating company
    Nico Cobalt/Gold DepositMineCobaltCanadaOperating company
    Nico Cobalt/Gold DepositOtherCobaltCanadaOperating company
    Tracked physical assets associated with this issuer (operated, managed, or owned).

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    • Return On Assets
      net_income / total_assets
    Source documents
    • Fortune Minerals Ltd Market data — financials · 2026-05-27

    Ownership & reference

    Leadership

    • Robin Ellis GoadPresident, Chief Executive Officer, Director

    Insider activity

    — missing data

    Short positioning

    11.0Kshares short+159.6% vs prior
    1days to cover
    58.5%short of daily vol
    981fails-to-deliver
    as of 2026-07-15 · short-interest report (free)

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    FT.TOCanonical
    Toronto Stock Exchange · CAD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-05-23 16:10 UTCNEWSU.S. and Iran near 60-day ceasefire extension with nuclear framework, FT reports → A potential deal could stabilize regional tensions and ease market concerns over shipping routes in the Strait of Hormuz.
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage