Fidelity Minerals Corp. engages in the exploration and development of gold mineral properties.
+ 1 more risk
Mediocre balance sheet and overvalued.
Share Price & News
How has Fidelity Minerals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FMN has not had significant price volatility in the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: FMN underperformed the Canadian Metals and Mining industry which returned 4.5% over the past year.
Return vs Market: FMN underperformed the Canadian Market which returned 4.9% over the past year.
Price Volatility Vs. Market
How volatile is Fidelity Minerals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 months ago | Simply Wall StFidelity Minerals Corp. (CVE:FMN) Insiders Increased Their Holdings
8 months ago | Simply Wall StShould You Take Comfort From Insider Transactions At Fidelity Minerals Corp. (CVE:FMN)?
Is Fidelity Minerals undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate FMN's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate FMN's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: FMN is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: FMN is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FMN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FMN is good value based on its PB Ratio (0.2x) compared to the CA Metals and Mining industry average (1.5x).
How is Fidelity Minerals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Fidelity Minerals has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Take a look at our analysis of FMN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Fidelity Minerals competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Fidelity Minerals performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FMN is currently unprofitable.
Growing Profit Margin: FMN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FMN is unprofitable, and losses have increased over the past 5 years at a rate of -13.7% per year.
Accelerating Growth: Unable to compare FMN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FMN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (10.1%).
Return on Equity
High ROE: FMN has a negative Return on Equity (-42.22%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Fidelity Minerals's financial position?
Financial Position Analysis
Short Term Liabilities: FMN's short term assets (CA$2.0M) exceed its short term liabilities (CA$1.4M).
Long Term Liabilities: FMN has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: FMN's debt to equity ratio (7.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if FMN's debt to equity ratio has reduced over the past 5 years.
Inventory Level: FMN has a high level of physical assets or inventory.
Debt Coverage by Assets: FMN's debt is covered by short term assets (assets are 6.5x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FMN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FMN has less than a year of cash runway if free cash flow continues to reduce at historical rates of -18.5% each year
What is Fidelity Minerals's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate FMN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FMN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FMN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FMN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FMN's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Ian Graham (55yo)
Mr. Ian Graham, B.Sc. (Hons), Geology, has been the Chief Executive Officer at Montan Mining Corp. since March 16, 2015 and serves as its Corporate Secretary. Mr. Graham has been Director of Spey Resources ...
CEO Compensation Analysis
Compensation vs Market: Ian's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD154.66K).
Compensation vs Earnings: Ian's compensation has been consistent with company performance over the past year.
|Corporate Secretary||4.9yrs||CA$30.00k||1.93% CA$21.1k|
|CFO & Director||1.7yrs||CA$54.54k||0.98% CA$10.7k|
|Executive Chairman||0.9yrs||no data||3.6% CA$39.4k|
|Member of Advisory Board||0.9yrs||no data||0.038% CA$420.9|
|Chair of Advisory Board||0.9yrs||no data||no data|
|Member of Advisory Board||0.9yrs||no data||no data|
Experienced Board: FMN's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FMN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 165.2%.
Fidelity Minerals Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Fidelity Minerals Corp.
- Ticker: FMN
- Exchange: TSXV
- Industry: Gold
- Sector: Materials
- Market Cap: CA$1.094m
- Shares outstanding: 36.46m
- Website: https://www.fidelityminerals.com
- Fidelity Minerals Corp.
- 1166 Alberni Street
- Suite 1201
- British Columbia
- V6E 3Z3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FMN||TSXV (TSX Venture Exchange)||Yes||New Common Shares||CA||CAD||Nov 2010|
|S5GN||DB (Deutsche Boerse AG)||Yes||New Common Shares||DE||EUR||Nov 2010|
|SAID.F||OTCPK (Pink Sheets LLC)||Yes||New Common Shares||US||USD||Nov 2010|
|S5GN||BST (Boerse-Stuttgart)||Yes||New Common Shares||DE||EUR||Nov 2010|
Fidelity Minerals Corp. engages in the exploration and development of gold mineral properties. The company holds 100% interest in the Las Brujas project that consists of 4 concessions covering an area of 1,900 hectares located in the Cajamarca province, Peru; the Cerro EL Bronce Project that comprise 2 concessions covering an area of 600 hectares located in the Ancash province, Peru; and Cerro Dorado comprised 4 concessions covering an area of 1,172 hectares located in Arequipa, province of Caravelí, Peru. It also holds interest in the Porphyritic copper project that consists of 2 concessions covering an area of 1,200 hectares located in the La Libertad province, Peru. The company was formerly known as Montan Mining Corp. and changed its name to Fidelity Minerals Corp. in January 2019. Fidelity Minerals Corp. is headquartered in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 00:23|
|End of Day Share Price||2020/02/18 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.