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Turaco Gold Ltd
(Sydney:TCG)
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Rating:43Neutral
Price Target:
AU$0.43
▼(-30.00% Downside)
Action:Reiterated
Date:05/19/26
The score is driven primarily by weak financial performance (no revenue, widening losses, and accelerating cash burn), with a bearish technical setup adding further downside risk. A low-debt balance sheet and higher equity provide some support, but valuation is difficult to assess given negative earnings and no dividend data.
Positive Factors
Low Leverage
Minimal debt materially reduces refinancing and interest-rate pressure for an exploration company. This structural low-leverage profile preserves strategic optionality to fund programs by equity or JV, lowering near-term solvency risk while projects mature.
Negative Factors
No Operating Revenue
Lack of operating revenue makes the company fully reliant on external financing or asset transactions to fund operations. Over months this increases execution risk and creates structural dependence on capital markets and partners for continuation of exploration programs.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Minimal debt materially reduces refinancing and interest-rate pressure for an exploration company. This structural low-leverage profile preserves strategic optionality to fund programs by equity or JV, lowering near-term solvency risk while projects mature.
Read all positive factors
Turaco Gold Ltd (TCG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$565.70M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)1.23
Revenue GrowthN/A
EPS Growth-18.50%
CountryAU
Employees26
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding1,077,523,900
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio-0.73
Price to Book (P/B)6.71
Price to Sales (P/S)0.00
P/FCF Ratio-23.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.27Price Target Upside104.84% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.02
Revenue Forecast (FY)AU$850.00K
Turaco Gold Ltd Business Overview & Revenue Model
Company Description
Turaco Gold Limited, an entity incorporated in 2007 and based in West Perth, Australia, specializes in the acquisition, exploration, and development of gold deposits within Côte d'Ivoire. The company, which rebranded from Manas Resources Limited t...
How the Company Makes Money
Turaco Gold Ltd does not appear to generate recurring operating revenue from the sale of gold as a producer based on publicly typical positioning of companies at the exploration stage; therefore, a detailed breakdown of ongoing revenue streams fro...
Turaco Gold Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
54
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | -137.58K | -121.36K | -126.88K |
| EBITDA | -27.13M | -16.54M | -4.20M | -10.51M | -5.06M |
| Net Income | -23.28M | -13.18M | -4.98M | -10.41M | -5.06M |
Balance Sheet | |||||
| Total Assets | 106.37M | 69.35M | 9.62M | 5.50M | 18.18M |
| Cash, Cash Equivalents and Short-Term Investments | 72.33M | 34.02M | 8.07M | 3.85M | 13.87M |
| Total Debt | 0.00 | 0.00 | 30.52K | 67.41K | 150.86K |
| Total Liabilities | 2.89M | 14.34M | 807.44K | 1.50M | 991.74K |
| Stockholders Equity | 109.28M | 56.59M | 9.25M | 4.36M | 17.19M |
Cash Flow | |||||
| Free Cash Flow | -30.98M | -12.53M | -5.65M | -10.05M | -3.80M |
| Operating Cash Flow | -29.74M | -10.19M | -5.65M | -9.90M | -1.60M |
| Investing Cash Flow | 4.46M | -14.84M | 20.00K | -175.06K | -3.27M |
| Financing Cash Flow | 60.46M | 50.14M | 9.76M | 113.06K | 13.41M |
Turaco Gold Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$468.52M | 1.66 | 79.54% | ― | 161.65% | 2191.43% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$706.28M | -39.22 | -17.62% | ― | ― | -168.42% | |
47 Neutral | AU$659.63M | 39.06 | 6.29% | ― | ― | ― | |
46 Neutral | AU$476.64M | -27.38 | -8.63% | ― | ― | 29.23% | |
43 Neutral | AU$565.70M | -17.05 | -21.65% | ― | ― | -18.50% | |
41 Neutral | AU$538.36M | -9.98 | -11.26% | ― | 17.55% | 40.51% |
* Basic Materials Sector Average
AU:TCG
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Turaco Gold Ltd Corporate Events
Turaco Gold Seeks ASX Quotation for Additional Ordinary Shares
Jun 24, 2026
Turaco Gold Ltd has applied to the Australian Securities Exchange for quotation of 259,603 new ordinary fully paid shares under the code TCG, with an issue date of 24 June 2026. The additional securities, issued as part of previously announced tra...
Turaco Gold Issues Shares for Option Over Exploration Permit
Jun 24, 2026
Turaco Gold Limited has issued 259,603 ordinary shares as consideration for acquiring an option over an exploration permit, furthering its strategy of expanding its exploration portfolio via equity-funded transactions. The company stated that the ...
Turaco Gold Expands Afema Footprint with New Côte d’Ivoire Permit Option
Jun 22, 2026
Turaco Gold has exercised its rights to secure an option over exploration permit PR1074 in Côte d’Ivoire, giving it the ability to acquire 100% of the permit from Pioneer Minerals and expanding the Afema Project area by about 30% to mor...
Turaco Gold Highlights Afema PFS and Maiden 1.9Moz Ore Reserve in Côte d’Ivoire
Jun 16, 2026
Turaco Gold has released a presentation on its Afema Gold Project in Côte d’Ivoire, highlighting a maiden JORC ore reserve of 1.9 million ounces and positioning the project as a potential producer of more than 200,000 ounces of gold per...
Turaco Gold’s Afema PFS Confirms Strong Economics for 200,000oz-a-Year Ivory Coast Mine
Jun 16, 2026
Turaco Gold has released a pre-feasibility study for its Afema Gold Project in Côte d’Ivoire, outlining plans for a 6.0Mtpa open pit operation producing about 200,000 ounces of gold per year over 10.3 years, including 230,000 ounces in ...
Turaco Gold Seeks ASX Quotation for 722,500 New Ordinary Shares
May 13, 2026
Turaco Gold Limited has applied for quotation on the ASX of 722,500 new fully paid ordinary shares under the code TCG. The securities result from the exercise or conversion of existing options or other convertible instruments, modestly expanding t...
Turaco Gold Issues New Shares on Exercise of Performance Rights
May 13, 2026
Turaco Gold Limited has issued 722,500 new ordinary shares following the exercise of unquoted performance rights granted under its Performance Rights Plan to eligible employees and contractors. The issuance, conducted without a prospectus under th...
Turaco Gold Investors Back Board, Pay and Capital Moves at AGM
May 11, 2026
Turaco Gold Limited has reported the results of its Annual General Meeting, held on 11 May 2026, outlining shareholder votes on key resolutions related to governance and capital management. The adoption of the remuneration report and the re-electi...
Turaco Gold lifts Afema resource to 4.65Moz as PFS nears completion
Apr 28, 2026
Turaco Gold reported continued growth at its Afema Project in Côte d’Ivoire, lifting its JORC Mineral Resource Estimate to 4.65 million ounces of gold, a roughly 15% increase since late 2025, driven by intensive drilling across multiple...
Turaco Gold Sets 2026 AGM Details and Moves Toward Virtual Shareholder Participation
Apr 24, 2026
Turaco Gold has confirmed that the nomination period for director candidates ahead of its 2026 Annual General Meeting has closed, with no further applications to be considered. The AGM is scheduled for 10:00am WST on 11 May 2026 in West Perth, and...
Turaco Gold Sets May 11 Date for Digitally Focused AGM
Apr 1, 2026
Turaco Gold Limited has called its 2026 Annual General Meeting for 11 May 2026 at 10:00 a.m. WST, to be held at its premises on Hay Street in West Perth. The company is shifting away from routine postal dispatch of the notice of meeting, encouragi...
Turaco Gold Seeks ASX Quotation for 1.07 Million New Shares
Apr 1, 2026
Turaco Gold Ltd has applied to the ASX for quotation of 1,072,500 new ordinary fully paid shares under its code TCG. The securities were issued on 1 April 2026 following the exercise or conversion of existing options or other convertible securitie...
Turaco Gold Issues New Shares on Exercise of Performance Rights
Apr 1, 2026
Turaco Gold has issued 1,072,500 new ordinary shares following the exercise of unquoted performance rights granted under its employee and contractor Performance Rights Plan. The issue modestly increases the company’s share capital and reflec...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.