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Fortitude GoldFTCO +1.27%54 Debt-to-Equity is 0.15 as of Mar. 2026, which is 400% above its 10-year median of 0.03. GuruFocus rates FTCO with a GF Score™ of 54/100 and a GF Value™ of $1.27 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,222 Metals & Mining companies, Fortitude Gold ranks worse than 50.08% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Fortitude Gold's Debt-to-Equity or its related term are showing as below:
FTCO'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.18
Current: 0.15
During the past 7 years, the highest Debt-to-Equity Ratio of Fortitude Gold was 0.18. The lowest was 0.00. And the median was 0.03.
FTCO's Debt-to-Equity is ranked worse than 50.08% of 1222
companies
in the Metals & Mining industry
Industry Median: 0.145
vs FTCO: 0.15
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Fortitude Gold Debt-to-Equity Related Terms
Fortitude Gold Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Fortitude Gold's Debt-to-Equity 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.
FTCO vs PZG, NAMM, BSAI: Debt-to-Equity Comparison
For the Gold subindustry, Fortitude Gold's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Fortitude Gold Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fortitude Gold's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Fortitude Gold's Debt-to-Equity falls into.
* 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.
Fortitude Gold (FTCO) has a Debt-to-Equity of 0.15 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Fortitude Gold and its competitors. This is 400% above median its historical median of 0.03. According to the industry distribution chart, Fortitude Gold ranks #612 out of 1222 companies in the Metals & Mining industry, placing it in the top 50.1%.
Is Fortitude Gold's Debt-to-Equity too high?
Fortitude Gold's current Debt-to-Equity of 0.15 is 400% above median its 10-year median of 0.03. The Metals & Mining industry median Debt-to-Equity is 0.15. Fortitude Gold's value of 0.15 is 3.4% above this industry median. Based on the distribution chart, Fortitude Gold ranks #612 out of 1222 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Fortitude Gold has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortitude Gold's Debt-to-Equity compare to PZG and NAMM?
According to the Metals & Mining industry distribution chart, Fortitude Gold ranks #612 out of 1222 companies for Debt-to-Equity. This places Fortitude Gold in the lower half of its industry. The industry median Debt-to-Equity is 0.15. Fortitude Gold's value of 0.15 is 3.4% above this benchmark. While the company's 10-year median is 0.03 vs. the industry median of 0.15, Fortitude Gold has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.15, based on 1,222 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fortitude Gold's current Debt-to-Equity of 0.15 is 3.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Fortitude Gold and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortitude Gold's current Debt-to-Equity is 0.15, which is 400% above median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortitude Gold stock overvalued right now?
Based on GuruFocus' analysis, Fortitude Gold (FTCO) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.27, compared to a current price of $4.78 — trading 276.4% above its estimated fair value. The current Debt-to-Equity is 0.15, which is 400% above median its 10-year median of 0.03 and 3.4% above the Metals & Mining industry median of 0.15. Fortitude Gold's overall GF Score™ is 54/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Fortitude Gold (FTCO), the current Debt-to-Equity is 0.15 as of Mar. 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.
Is Fortitude Gold (FTCO) Overvalued in 2026?
Based on GuruFocus' analysis, Fortitude Gold stock appears to be overvalued.
The current stock price of $4.78 is trading 276.4% above its estimated GF Value™ of $1.27.
GuruFocus considers Fortitude Gold to be Significantly Overvalued.
Key valuation signals for FTCO:
Debt-to-Equity: 0.15 (400% above median its 10-year median of 0.03)
GF Value™: $1.27 vs. price of $4.78 (276.4% above fair value)
Industry Position: 3.4% above the Metals & Mining median (#612 of 1222)
No single metric tells the full story. See the FTCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortitude Gold Corp is a mineral exploration and evaluation company. It mainly explores gold and silver. The company has one reportable operating segment, mining operations, which produces gold for sale to its customers. It is focused on developing the Isabella Pearl project, Golden Mile property, East Camp Douglas property, Mina Gold property, and County Line property.
54GF Score
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