Four Nines Gold (FRA:F8NA) Moat Score: 1/10 (As of Jul. 14, 2026)

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FRA:F8NA Four Nines Gold Inc FRA:F8NA
22 GF Score
Price €0.31
! 1 Warning Sign
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What is Four Nines Gold Moat Score?

Four Nines Gold FRA:F8NA +0.65% 22 Moat Score is 1 as of Jul. 14, 2026. GuruFocus rates FRA:F8NA with a GF Score™ of 22/100. The stock has 1 warning sign investors should review. Among 2,609 Metals & Mining companies, Four Nines Gold ranks better than 60.18% on this metric.

Four Nines Gold has the Moat Score of 1, which implies that the company might have No Moat - Very weak/transient advantages.

Four Nines Gold has No Moat: Four Nines Gold Inc operates in a highly competitive and volatile industry with no significant market leadership or proprietary technology. Its competitive advantages are transient and insufficient to establish a moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Four Nines Gold might have No Moat - Very weak/transient advantages.

Four Nines Gold  (FRA:F8NA) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Four Nines Gold Moat Score Related Terms

FRA:F8NA vs NEM, AU: Moat Score Comparison

For the Gold subindustry, Four Nines Gold's Moat Score, along with its competitors' market caps and Moat Score 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.

Four Nines Gold Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Four Nines Gold's Moat Score distribution charts can be found below:

* The bar in red indicates where Four Nines Gold's Moat Score falls into.


FRA:F8NA
22GF Score
Four Nines Gold Inc FRA:F8NA
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 1 mean?
Four Nines Gold (FRA:F8NA) has a Moat Score of 1 as of Jul. 14, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Four Nines Gold ranks #1039 out of 2609 companies in the Metals & Mining industry, placing it in the top 39.8%.
Is Four Nines Gold's Moat Score too high?
Four Nines Gold's current Moat Score is 1. The Metals & Mining industry median Moat Score is 1.00. Four Nines Gold's value of 1 is 0% at this industry median. Based on the distribution chart, Four Nines Gold ranks #1039 out of 2609 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Four Nines Gold has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Four Nines Gold's Moat Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Four Nines Gold ranks #1039 out of 2609 companies for Moat Score. This puts Four Nines Gold in the upper half of its industry. The industry median Moat Score is 1.00. Four Nines Gold's value of 1 is 0% at this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,609 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Four Nines Gold's current Moat Score of 1 is 0% at 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Metals & Mining industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Four Nines Gold's current Moat Score is 1. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Four Nines Gold stock overvalued right now?
Four Nines Gold (FRA:F8NA) has a current Moat Score of 1. The current Moat Score is 1 and 0% at the Metals & Mining industry median of 1.00. Four Nines Gold's overall GF Score™ is 22/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Four Nines Gold (FRA:F8NA), the current Moat Score is 1 as of Jul. 14, 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.

Four Nines Gold Business Description

Other Exchanges FNAUF:USAFNAU:Canada
Address 409 Granville Street, Suite 1600, Vancouver, BC, CAN, V6C 1T2
Four Nines Gold Inc is engaged in the acquisition, exploration, and evaluation of mineral properties. Its project includes the Hayden Hill gold-silver project in Northern California. Geographically, the company has its presence in Canada and the United States of America.
22GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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