Red Lake Gold (FRA:P11A) Beta: 1.5921 (As of Jun. 27, 2026)


What is Red Lake Gold Beta?

Red Lake Gold FRA:P11A Beta is 1.5921 as of Jun. 27, 2026. The stock has 2 warning signs investors should review.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-27), Red Lake Gold's Beta is 1.5921.

Red Lake Gold  (FRA:P11A) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)

Red Lake Gold Beta Related Terms

Red Lake Gold Beta Historical Data

* Premium members only.

The historical data trend for Red Lake Gold's Beta can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Red Lake Gold Beta Chart

Red Lake Gold Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Beta
Get a 7-Day Free Trial Premium Member Only -0.01 1.77 2.04 3.67 2.00

Red Lake Gold Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.44 3.04 2.00 2.14 1.59

FRA:P11A vs NEM, AU: Beta Comparison

For the Gold subindustry, Red Lake Gold's Beta, along with its competitors' market caps and Beta data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Red Lake Gold Beta vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Red Lake Gold's Beta distribution charts can be found below:

* The bar in red indicates where Red Lake Gold's Beta falls into.


Red Lake Gold Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.

Frequently Asked Questions Learn more about Beta →
What does a Beta of 1.5921 mean?
Red Lake Gold (FRA:P11A) has a Beta of 1.5921 as of Jun. 27, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Red Lake Gold and its competitors.
Is Red Lake Gold's Beta too high?
Red Lake Gold's current Beta is 1.5921.
How does Red Lake Gold's Beta compare to NEM and AU?
Red Lake Gold's Beta of 1.5921 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beta for a Metals & Mining company?
A good Beta depends on the Metals & Mining industry context. However, Beta should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beta mean?
A high Beta can signal that a stock is expensive relative to its fundamentals. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Red Lake Gold and its competitors. Red Lake Gold's current Beta is 1.5921. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Red Lake Gold stock overvalued right now?
Red Lake Gold (FRA:P11A) has a current Beta of 1.5921. The current Beta is 1.5921. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beta calculated?
Beta is calculated from a company's financial statements. For Red Lake Gold (FRA:P11A), the current Beta is 1.5921 as of Jun. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Red Lake Gold Business Description

Other Exchanges RGLD:Canada
Address 1075 West Georgia Street, Suite 1890, Vancouver, BC, CAN, V6E 3C9
Red Lake Gold Inc is engaged in the acquisition and exploration of mineral properties in Canada. Its projects include Whirlwind Jack, Fenelon North, and Other projects.