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← CockpitCompetitor Analysis › FVL.TO Freegold LimitedOpen in the cockpit ↗

Freegold LimitedFVL.TOCompetitor analysis, valuation and peers

Canada · CAD·Materials›Precious Metals
Momentum laggard 13
Mkt cap
$351M
US dollars, full cap
Free float
71%
of shares outstanding
$/day
$215,434
20-day average traded
P/B
2.10×
price to book
ROE
-4.8%
delivered
Implied ROE
25.0%
what the price asks
Close · CADC$0.85
1D+2.4%
1W+7.6%
1M-13.3%
3M-28.0%
6M-27.4%
YTD-47.2%
1Y-24.8%
ATR %6.0%
52w lowhigh55.7% off high

What Freegold does

Employees: 5

Freegold at a glance

Size Freegold (FVL.TO) is a Canada Materials company (Precious Metals) with a market value of $351M, the 392nd largest of 420 Canada companies the cockpit tracks. Shares closed at C$0.85 on 6 Nov 2026.

Performance Over six months the shares fell 27.4%, against -19.9% for the median peer and +5.2% for the Canada market (cap-weighted) — 6th lowest of 21 in its peer set.

Valuation It trades at 2.10× book value against a peer median of 2.80× (5th cheapest of 20).

Price implies The share price implies a return on equity of about 25.0%; Freegold delivers -4.8%, so the price asks more than the business earns today.

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 79FVL.TO 71
Six months, rebased to 100: Freegold against the median of its 20 peers (local-currency closes).

Freegold financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$0C$0C$0C$0C$0
Revenue growth—————
Gross profit-C$93,348-C$106,363-C$88,968-C$100,016-C$134,919
EBITDA-C$1.91M-C$1.60M-C$1.67M-C$4.35M-C$1.07M
Net income-C$9.94M-C$10.3M-C$1.49M-C$4.18M-C$1.05M
Free cash flow-C$1.41M-C$1.32M-C$1.09M-C$1.22M-C$1.15M
Capital expenditureC$36.1MC$25.3MC$15.9MC$16.0MC$21.3M
Total debtC$15,759C$43,357C$91,203C$131,784C$173,577

Quarterly statements and history in the cockpit →

Freegold competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%+40%-30%-20%-10%0%PAMPALOALTNFMLALDE5TPBSXJAGVMMMAIRDSIDRTRXFISHAISDECNGOLDETGVGZITHAMXAUXXFVL.TO6-month return →1-month return →
Up and to the right = strong over both horizons. Freegold is the large dot.

Fundamentals: return on equity against price-to-book

-50%0%50%100%00×50×100×PAMPALOALTNFMLALDE5TPBSXJAGVMMMAIRDSIDRTRXFISHAISDECNGOLDVGZAMXAUXXFVL.TOReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Freegold is the large dot.

Capital: ROE delivered against the ROE the price implies

-50%0%50%100%150%0%100%ALTNFMLALDE5TPBSXJAGVMMMAIIDRFISHAISVGZAUXXFVL.TOROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Freegold is the large dot.

Freegold competitors and peer comparison

How Freegold compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Freegold against its 20 peers (data as of 6 Nov 2026)
MeasureFVL.TOPeer medianRank in peer set
1-month return-13.3%-11.7%10th lowest of 21
6-month return-27.4%-19.9%6th lowest of 21
Return on equity-4.8%-3.7%10th lowest of 20
Price / book2.10×2.80×5th cheapest of 20
ROE the price implies25.0%28.2%7th least demanding of 20
ROE delivered-4.8%-3.7%9th lowest of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Freegold FVL.TOCanada$351M-27%n/a-5%2.10×25.0%-4.8%
Endomines Finland PAMPALO.HEFinland$352M-25%+59%15%4.43×38.4%n/a
AltynGold ALTN.LUnited Kingdom$350M-19%+67%50%1.70×27.6%49.8%
Focus Minerals FML.AXAustralia$355M-23%+216%36%1.13×13.6%36.5%
Aldebaran Resources ALDE.VCanada$359M+3%n/a-7%2.80×28.2%-7.3%
CNMC Goldmine 5TP.SISingapore$342M-24%+54%60%3.79×29.7%60.3%
Belo Sun Mining BSX.TOCanada$341M-32%n/a-41%10.24×163.4%-41.1%
Jaguar Mining JAG.TOCanada$339M-17%+15%5%1.28×18.7%5.0%
Viridis Mining and Minerals VMM.AXAustralia$366M+29%n/a-14%5.77×46.0%-13.6%
Mining Americas MAI.TOCanada$334M-39%+1,140%-13%2.23×19.9%-12.5%
Radisson Mining Resources RDS.VCanada$371M-6%n/a-4%4.30×46.0%-3.7%
Idaho Strategic Resources IDRUnited States$330M-58%+67%26%2.74×23.1%26.4%
TRX Gold TRX.TOCanada$321M-17%+140%-27%3.69×26.7%-27.0%
Sailfish Royalty FISH.VCanada$384M+96%+88%130%2.20×7.8%130.5%
Aeris Resources AIS.AXAustralia$385M-20%+22%39%0.74×8.7%38.9%
Deccan Gold Mines DECNGOLD.NSIndia$389M+46%+159%-14%6.94×117.3%n/a
Entree Resources ETG.TOCanada$391M+6%n/an/an/an/an/a
Vista Gold VGZUnited States$401M+22%n/a-26%7.91×71.2%-26.4%
International Tower Hill Mines ITH.TOCanada$405M-39%n/a-3%2.42×27.5%-2.8%
Amex Gold Mining AMX.VCanada$407M-26%n/a-5%2.64×40.4%-4.9%
Gold X2 Mining AUXX.VCanada$409M-32%n/a-36%3.65×54.2%-36.2%

Questions

Which companies are Freegold's closest peers?
The cockpit's peer set: Endomines Finland (PAMPALO.HE), AltynGold (ALTN.L), Focus Minerals (FML.AX), Aldebaran Resources (ALDE.V), CNMC Goldmine (5TP.SI), Belo Sun Mining (BSX.TO), Jaguar Mining (JAG.TO), Viridis Mining and Minerals (VMM.AX).
Is Freegold expensive compared with its peers?
On price / book it trades at 2.10× against a peer median of 2.80×, 5th cheapest of 20 in its peer set. The share price implies a return on equity of about 25.0%; Freegold delivers -4.8%, so the price asks more than the business earns today.
How has Freegold stock performed?
Over six months to 6 Nov 2026 the shares returned -27.4% against -19.9% for the median peer; over one year -24.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.