Turaco Gold Ltd (AU:TCG)
ASX:TCG
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Turaco Gold Ltd
(Sydney:TCG)
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Rating:43Neutral
Price Target:
AU$0.52
▼(-15.97% 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
Very low leverage
Near-zero debt materially reduces refinancing and interest-rate risk for an exploration-stage miner. This financial flexibility preserves optionality to fund iterative exploration programs or absorb delays without immediate solvency pressure, supporting survival through multi-year discovery cycles.
Negative Factors
No revenue; widening losses
The company generates no operating revenue while losses are increasing, indicating exploration costs outpacing progress toward commerciality. Persistent and widening losses erode shareholder equity and necessitate external funding or dilution, creating structural sustainability risk absent a major discovery or transaction.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Near-zero debt materially reduces refinancing and interest-rate risk for an exploration-stage miner. This financial flexibility preserves optionality to fund iterative exploration programs or absorb delays without immediate solvency pressure, supporting survival through multi-year discovery cycles.
Read all positive factors
Turaco Gold Ltd (TCG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$543.10M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)1.31
Revenue GrowthN/A
EPS Growth-18.50%
CountryAU
Employees26
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding1,054,564,200
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$1.68Price Target Upside170.97% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.01
Revenue Forecast (FY)N/A
Turaco Gold Ltd Business Overview & Revenue Model
Company Description
Turaco Gold Limited engages in the acquisition, exploration, and development of gold deposits in Cote d'Ivoire. It holds interest in the Eburnea gold project that covers two granted permits covering 690 square kilometers in central Côte d'Ivoire; ...
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 |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$538.73M | 4.31 | 79.54% | ― | 161.65% | 2191.43% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$768.94M | 6.46 | 6.29% | ― | ― | ― | |
48 Neutral | AU$694.93M | -15.95 | -17.62% | ― | ― | -168.42% | |
46 Neutral | AU$665.39M | -704.50 | -11.26% | ― | 17.55% | 40.51% | |
46 Neutral | AU$441.03M | -15.19 | -8.63% | ― | ― | 29.23% | |
43 Neutral | AU$543.10M | -15.25 | -21.65% | ― | ― | -18.50% |
* Basic Materials Sector Average
AU:TCG
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Turaco Gold Ltd Corporate Events
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...
Turaco Gold Sets May Date and Nomination Deadline for 2026 AGM
Mar 31, 2026
Turaco Gold Limited has scheduled its 2026 Annual General Meeting of shareholders for 11 May 2026, with the agenda to include the re-election of a director. The company has set 5:00 p.m. AWST on 10 April 2026 as the deadline for written nomination...
Turaco Gold Updates Corporate Governance Framework to Align with ASX Best Practice
Mar 31, 2026
Turaco Gold Limited has released an updated Corporate Governance Statement, current as of 31 March 2026, detailing how its board oversees the business on behalf of shareholders and outlining the key governance policies and procedures in place. The...
Turaco Gold to Brief Investors on Updated Afema Resource Estimate
Mar 18, 2026
Turaco Gold has released an updated Mineral Resource Estimate for its flagship Afema Gold Project in Côte d’Ivoire and will conduct a series of investor briefings to present the details. The company has prepared an investor presentation...
Turaco Gold lifts Afema resource to 4.65Moz as project advances toward PFS
Mar 17, 2026
Turaco Gold has reported another significant upgrade to the JORC Mineral Resource Estimate at its Afema Project, lifting total resources to 115.3 million tonnes at 1.3 grams per tonne gold for 4.65 million ounces. The latest update adds 590,000 ou...
Turaco Gold Drilling Expands Oxide Potential at Afema as Resource Update Nears
Mar 11, 2026
Turaco Gold has reported strong follow-up drilling results along the Niamienlessa-Affienou Trend at its Afema Gold Project in Côte d’Ivoire, confirming continuous near-surface oxide gold mineralisation at the Niamienlessa SW prospect an...
S&P Dow Jones Indices Unveils March 2026 Rebalance of Key S&P/ASX Benchmarks
Mar 6, 2026
SP Dow Jones Indices has announced its March 2026 quarterly rebalance of the SP/ASX indices, triggering constituent changes across the SP/ASX 20, 50, 100, 200 and 300 benchmarks effective before trading on March 23. The reshuffle sees various addi...
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.