How does FOMN.F's PB Ratio compare to its peers?

FOMN.F is expensive based on its Price-To-Book Ratio (5.3x) compared to the peer average (1.6x).

How does FOMN.F's PB Ratio compare vs other companies in the US Metals and Mining Industry?

FOMN.F is expensive based on its Price-To-Book Ratio (5.3x) compared to the US Metals and Mining industry average (1.6x).

What is FOMN.F's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate FOMN.F's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of FOMN.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate FOMN.F's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

FOMN.F Stock Overview

A mining exploration company, engages in the acquisition, exploration, and development of gold and copper projects in Peru. More details

FOMN.F fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Earnings have declined by 19% per year over past 5 years

Does not have a meaningful market cap ($13M)

Makes less than USD$1m in revenue (CA$0)

Shares are highly illiquid

+ 1 more risk

My Notes

Capture your thoughts, links and company narrative

Forte Minerals Corp. Competitors

Snow Lake Resources

NasdaqCM:LITM

US$25.2m

Urano Energy

OTCPK:UECX.F

US$14.5m

China Natural Resources

NasdaqCM:CHNR

US$6.5m

General European Strategic Investments

OTCPK:GESI

US$13.7m

Price History & Performance

Summary of share price highs, lows and changes for Forte Minerals
Historical stock prices
Current Share Price	CA$0.17
52 Week High	CA$0.35
52 Week Low	CA$0.15
Beta	1.37
1 Month Change	-17.45%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	32.93%

Recent updates

Shareholder Returns

	FOMN.F	US Metals and Mining	US Market
7D	0%	0.06%	0.6%
1Y	n/a	-4.1%	23.8%

Return vs Industry: Insufficient data to determine how FOMN.F performed against the US Metals and Mining industry.

Return vs Market: Insufficient data to determine how FOMN.F performed against the US Market.

Price Volatility

Is FOMN.F's price volatile compared to industry and market?
FOMN.F volatility
FOMN.F Average Weekly Movement	n/a
Metals and Mining Industry Average Movement	7.9%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.6%
10% least volatile stocks in US Market	3.1%

Stable Share Price: FOMN.F's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine FOMN.F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2011	n/a	Patrick Elliott	forteminerals.com

Forte Minerals Corp., a mining exploration company, engages in the acquisition, exploration, and development of gold and copper projects in Peru. The company explores for gold, copper, and molybdenum deposits. It holds 100% interests in the Pucarini project, which consists of 1,000 hectares located in Lampa Province, Department of Puno; and the Esperanza project that consists of 4,000 hectares situated in southern Peru, as well as has interest in the Miscanthus property, a high-sulphidation epithermal gold-silver and porphyry copper-molybdenum-gold prospect, which consists of 4 concessions covering an area of 3,200 hectares located in central Peru.

Forte Minerals Corp. Fundamentals Summary

How do Forte Minerals's earnings and revenue compare to its market cap?
FOMN.F fundamental statistics
Market cap	US$8.70m
Earnings (TTM)	-US$849.02k
Revenue (TTM)	n/a

0.0x

P/S Ratio

-10.3x

P/E Ratio

Is FOMN.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FOMN.F income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$1.22m
Earnings	-CA$1.22m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.024
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did FOMN.F perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/28 01:00
End of Day Share Price	2024/12/13 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Forte Minerals Corp. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution