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Element 29 Resources Inc (ECU) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Element 29 Resources Inc stock C$1.27, price C$1.92, that is 33.9% below the price, quality 32 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Basic Materials CA · ISIN CA28619M1059

E2 Element 29 Resources Inc logo Thin data Nov 10, 2026

Element 29 Resources Inc

ECU · V
Expensive, weak quality

Our calculation puts a fair price 34% below what the stock costs today.

Fair value C$1.27 · Overvalued
Quality 32/100
Negative free cash flow
Trails peers (0/7)
Narrow moat 6/100 · thin data
Thin data
⟳ CyclicalEstimate
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26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

C$2.02 C$0.1000 Fair Value C$1.27 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range C$0.1000 – C$2.02 · fair‑value band C$0.9500 – C$1.59 · the C$1.92 price screens above the C$1.27 fair value. As of Nov 10, 2026.

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Company profile

Element 29 Resources Inc. engages in the exploration and development of mineral resource properties in Peru. The company explores for copper, molybdenum, gold, silver, and zinc.

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Its flagship properties are Elida copper project that includes 29 mining concessions covering an area of approximately 19,749 hectares located in the province of Ocros; Flor de Cobre copper project comprising 11 mining concessions covering an area of approximately 3,135.355 hectares located in the Southern Peru; Paka Porphyry copper Project covering an area of approximately 1,000 hectares concession and 1,600 hectares claims; and Pahuay porphyry copper Project covering an area of approximately 1,200 hectares.

The company was incorporated in 2017 and is based in Vancouver, Canada.

Stock analysis

Element 29 Resources Inc (ECU) currently trades at C$1.92, while our estimate is C$1.27, 34% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: C$0.9500 (bear) to C$1.59 (bull), the price of C$1.92 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 32/100 (below-average quality), in the Basic Materials sector.

Element 29 Resources Inc reported revenue of C$0 in FY2025 versus C$0 in FY2021. Reported net income was −C$2.6M in FY2025.

Key figures

Market cap C$348M (≈ $245M) Micro · EPS (TTM) C$−0.0300 · Return on equity −13.3% · Return on assets (EBIT) −16.3% (5-year average) · Free cash flow −C$5.0M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 6 out of 100 (low confidence).

What moves the price

The share trades about 5% below its 52-week high and 104% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −14% fair-value upside, at −34%, ECU screens richer than that median.

Fair Value

Bear C$0.9500 Fair Value C$1.27 Bull C$1.59
Price C$1.92 · Downside -33.9%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 32/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 75
Are margins and returns getting better?
Cashflow 2
Do the profits arrive as real cash?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 9
Does it invest with discipline instead of growing at any price?
Low Volatility 20
How calm the share price moves, does not count
Price momentum 89
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 95
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

ECU screens overvalued: fair value 34% below the price. Compare with Southern Copper Corporation →

Compare Element 29 Resources Inc with another stock

Price, fair value, quality and upside side by side.

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Copper · 69 stocks

Beats the industry median on 0/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 32 · Bottom 25%
Fair Value upside −33.9% · Below median
Profitability
Return on assets −10.5% · Bottom 25%
Operating margin (12 months) 0.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Bottom 25%

Valuation Multiplesvs Copper median · lower = cheaper

P/B 10.72× · Priciest 25%

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Copper stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
China Nonferrous Mining Corporation 1258 HK$11.79 HK$13.81 +17% vs ECU
Lundin Mining Corporation LUN C$30.74 C$34.62 +13% vs ECU
MMG Limited 1208 HK$7.01 HK$7.51 +7% vs ECU
Southern Copper Corporation SCCO $170.36 $157.21 −8% vs ECU
Capstone Copper Corp CS C$11.21 C$9.67 −14% vs ECU
Jiangxi Copper Company 600362 ¥32.80 ¥25.86 −21% vs ECU
Hudbay Minerals Inc HBM $21.95 $16.39 −25% vs ECU
Tongling Nonferrous Metals Group 000630 ¥4.95 ¥2.16 −56% vs ECU
First Quantum Minerals Ltd FM C$34.16 C$14.80 −57% vs ECU
Freeport-McMoRan Inc FCX $60.31 $16.51 −73% vs ECU

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Element 29 Resources Inc: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Element 29 Resources Inc Fair Value". https://www.fairvalue-calculator.com/stock/ECU

Frequently asked questions

Is Element 29 Resources Inc (ECU) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is C$1.27 versus a price of C$1.92, about 34% lower (overvalued).
What is the fair value of ECU?
Our estimate for Element 29 Resources Inc is C$1.27 (as of Nov 10, 2026), built from audited fundamentals. The current price: C$1.92.
What is the quality score of ECU?
Element 29 Resources Inc has a Quality Score of 32/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Element 29 Resources Inc (ECU)?
Our calculated price target is the estimate of C$1.27 (as of Nov 10, 2026). Cautious scenario C$0.9500, optimistic scenario C$1.59. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Element 29 Resources Inc stock forecast for 2026?
Our estimate puts fair value at C$1.27, about 34% lower versus a price of C$1.92 (overvalued). Cautious scenario C$0.9500, optimistic scenario C$1.59. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Element 29 Resources Inc (ECU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Element 29 Resources Inc it is C$1.27 per share (as of Nov 10, 2026), against a price of C$1.92.
Is Element 29 Resources Inc stock overvalued or undervalued in 2026?
As of Nov 10, 2026, ECU trades above its calculated fair value: price C$1.92, fair value C$1.27, a gap of about −34% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ECU?
No. The price is what the market pays today (C$1.92); the fair value is what the company's own numbers justify (C$1.27). For Element 29 Resources Inc the two are C$0.6500 per share apart. That gap is exactly why we show both numbers side by side.
How much is Element 29 Resources Inc worth?
The market values Element 29 Resources Inc at about C$348M (market capitalisation, as of Nov 10, 2026). Per share that is C$1.92; our models calculate a fair value of C$1.27 per share.
What do the bullish and bearish scenarios say about ECU?
Our models span a range for Element 29 Resources Inc: cautious scenario C$0.9500, base C$1.27, optimistic C$1.59 per share (as of Nov 10, 2026, price C$1.92). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Element 29 Resources Inc (ECU)?
Balance-sheet figures for Element 29 Resources Inc (as of Nov 10, 2026): return on equity −13.3%. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is ECU from its 52-week high?
Element 29 Resources Inc trades at C$1.92, about 5% below its 52-week high of C$2.02 and 104% above the low of C$0.9400 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of C$1.27 is for.
Which stocks are comparable to Element 29 Resources Inc?
From the same area (Basic Materials) we also value Southern Copper Corporation, Freeport-McMoRan Inc, First Quantum Minerals Ltd, Lundin Mining Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Element 29 Resources Inc stock attractive at the current price?
The data as of Nov 10, 2026: price C$1.92, calculated fair value C$1.27 (−34%), Quality Score 32/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Element 29 Resources Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Element 29 Resources Inc (ECU)?
The closing price on Nov 10, 2026 was C$1.92. Our estimate is C$1.27, about 34% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Element 29 Resources Inc right now?
The price sits above even our optimistic bull case (C$1.59). The favourable scenario is already priced in. Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Element 29 Resources Inc

How large is the market capitalisation of Element 29 Resources Inc (ECU)?
The market capitalisation of Element 29 Resources Inc is C$348M (≈ $245M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Element 29 Resources Inc (ECU)?
Earnings per share at Element 29 Resources Inc are C$−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Element 29 Resources Inc (ECU)?
The return on equity (ROE) of Element 29 Resources Inc is −13.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Element 29 Resources Inc (ECU)?
On an EBIT basis the return on assets of Element 29 Resources Inc is −16.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How much free cash flow does Element 29 Resources Inc (ECU) generate?
The free cash flow of Element 29 Resources Inc is −C$5.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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