Stock fact sheet · data as of
Fortitude Gold Corporation (FTCO): fair value, margin of safety and Wheel Score
Ticker symbol FTCO · Basic Materials · Gold · United States · Speculative
Is FTCO undervalued?
Fortitude Gold Corporation (FTCO) closed at 4.50 on 5 Nov 2026, 204% above the GLS average fair value of 1.48. 2 of the 2 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
Only 2 of the nine models produced a value (DCF, DDM); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
The nightly engine files FTCO under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for FTCO
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 1.20 | -73% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 1.77 | -61% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 0.2382 | -95% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
No Piotroski health score is on file for FTCO (the statements it needs were not available), so the Health part of the Wheel Score counts it at half marks - 10 of 20 - rather than marking the stock down for missing data. The GLS Moat score is low at 3.3 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are thin or negative - ROIC 0.3%, ROE 0.4%, ROA 0.3% - with debt at 0.18 times equity and negative free cash flow.
The dividend yield is 2.67% at a payout ratio of -113%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Gold dore 100% (quarter Q3 FY2022).
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | - / 9 | ROIC | 0.3% |
|---|---|---|---|
| GLS Moat | 3.3 / 10 | ROE | 0.4% |
| Debt / equity | 0.18 | ROA | 0.3% |
| Free-cash-flow yield | -14.3% | Payout ratio | -113% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 15: No options
FTCO has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (15 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 20k shares a day on a market cap of $129M, with a beta of 0.56 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Fails | trades 204% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Fails | market cap $129M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 4.50 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 204% above fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | moat 3.3/10 | |
| Health | Fair | no Piotroski score on file - half marks | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.56, $129M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Fortitude Gold Corporation reports earnings on 5 Nov 2026 - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Gold
The 12 companies below are the closest to Fortitude Gold Corporation by market cap within the Gold industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| GLDG GoldMining Inc. | 0.7469 | 0.0086 | -8626% | 9No options | $161M |
| MINE Mayfair Gold Corp. | 2.47 | 0.4705 | -425% | 10No options | $166M |
| USAU U.S. Gold Corp. | 11.28 | 2.01 | -461% | 19Weak | $186M |
| PZG Paramount Gold Nevada Corp. | 0.9731 | - | - | 9No options | $84M |
| BSAI BluSky AI, Inc. | 8.00 | 5.39 | -48% | 8No options | $201M |
| IDR Idaho Strategic Resources, Inc. | 20.06 | 24.06 | +17% | 39Weak | $317M |
| TRX TRX Gold Corporation | 0.9745 | 0.6067 | -61% | 18Weak | $319M |
| NAMM Namib Minerals | 0.8430 | 72.16 | +99% | 35No options | $47M |
| AUXX Gold X2 Mining Inc. | 3.86 | - | - | 12No options | $391M |
| VGZ Vista Gold Corp. | 2.69 | 0.1060 | -2437% | 26Weak | $393M |
| CMCL Caledonia Mining Corporation Plc | 20.61 | 96.25 | +79% | 50Fair | $398M |
| THM International Tower Hill Mines Ltd. | 1.74 | 0.0059 | -29427% | 9No options | $455M |
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Start free See the Sunday ScanQuestions about FTCO
Is FTCO undervalued right now?
No: at 4.50 the stock trades 204% above the GLS average fair value of 1.48 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of FTCO and what does it mean?
FTCO has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for FTCO?
1.48 per share as of 5 Nov 2026 - the simple average of the 2 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Fortitude Gold Corporation report earnings next?
The next earnings report is due on 5 Nov 2026, 0 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does FTCO have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on FTCO, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.