Tesoro Gold (AU:TSO)
ASX:TSO
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Tesoro Gold
(Sydney:TSO)
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Rating:49Neutral
Price Target:
AU$1.00
▲(0.00% Upside)
Action:ReiteratedDate:03/10/26
The score is primarily constrained by weak financial performance—ongoing losses and a sharp deterioration in free cash flow—partly offset by a strong, low-debt balance sheet. Technicals add downside pressure with price below key moving averages and a negative MACD, while valuation is neutral since negative earnings make P/E uninformative and no dividend yield is available.
Positive Factors
Low leverage / strong balance sheet
Very low leverage and a sizable equity base materially reduce solvency risk for an exploration company. This capital structure gives management flexibility to fund exploration through equity or project partnerships, lowering default risk and enabling multi‑month project programs without immediate refinancing pressure.
Negative Factors
Deepening negative free cash flow
Materially larger negative free cash flow sharply increases near‑term funding needs and compresses optionality. For an early‑stage miner this raises the probability of dilutive equity raises or project funding delays, constraining the company's ability to consistently advance drilling and technical studies without new capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low leverage and a sizable equity base materially reduce solvency risk for an exploration company. This capital structure gives management flexibility to fund exploration through equity or project partnerships, lowering default risk and enabling multi‑month project programs without immediate refinancing pressure.
Read all positive factors
Tesoro Gold (TSO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$202.27M
Dividend YieldN/A
Average Volume (3M)348.92K
Price to Earnings (P/E)―
Beta (1Y)1.38
Revenue GrowthN/A
EPS Growth-66.98%
CountryAU
Employees10
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding179,003,560
10 Day Avg. Volume499,497
30 Day Avg. Volume348,916
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)0.88
Price to Sales (P/S)235.55
P/FCF Ratio-3.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.03
Revenue Forecast (FY)N/A
Tesoro Gold Business Overview & Revenue Model
Company Description
Tesoro Gold Ltd engages in the acquisition, exploration, and development of resource projects in Chile. It holds interest in the El Zorro gold project covering an area of approximately 555 square kilometers located in northern Chile. The company w...
How the Company Makes Money
null...
Tesoro Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.84K | 165.15K | 0.00 | 36.87K | 826.00 | 2.32K |
| Gross Profit | -41.90K | 165.15K | -62.29K | -31.30K | -61.62K | -42.30K |
| EBITDA | -4.32M | -1.91M | -222.75K | -2.79M | -5.26M | -5.52M |
| Net Income | -4.98M | -1.86M | -340.64K | -3.15M | -5.06M | -5.35M |
Balance Sheet | ||||||
| Total Assets | 87.64M | 47.43M | 37.68M | 42.31M | 31.11M | 29.86M |
| Cash, Cash Equivalents and Short-Term Investments | 22.17M | 3.89M | 302.01K | 2.82M | 3.95M | 13.73M |
| Total Debt | 220.19K | 261.89K | 32.80K | 86.14K | 108.94K | 111.35K |
| Total Liabilities | 1.85M | 1.13M | 694.84K | 1.26M | 987.24K | 1.87M |
| Stockholders Equity | 83.82M | 44.24M | 35.14M | 38.92M | 28.27M | 25.85M |
Cash Flow | ||||||
| Free Cash Flow | -4.72M | -11.20M | -5.28M | -9.86M | -19.32M | -13.55M |
| Operating Cash Flow | -2.00M | -1.35M | 29.44K | -1.58M | -2.15M | -1.15M |
| Investing Cash Flow | -21.68M | -9.85M | -5.31M | -8.28M | -17.17M | -12.40M |
| Financing Cash Flow | 42.79M | 18.17M | 2.73M | 8.52M | 9.87M | 21.39M |
Tesoro Gold Technical Analysis
Positive
1.00
Price Trends
0.99
Positive
1.09
Negative
0.90
Positive
Market Momentum
0.01
Negative
52.31
Neutral
60.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TSO, the sentiment is Positive. The current price of 1 is above the 20-day moving average (MA) of 0.95, above the 50-day MA of 0.99, and above the 200-day MA of 0.90, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 52.31 is Neutral, neither overbought nor oversold. The STOCH value of 60.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:TSO.
Tesoro Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$216.83M | -26.94 | -5.45% | ― | ― | -176.00% | |
49 Neutral | AU$202.27M | -20.64 | -7.26% | ― | ― | -66.98% | |
48 Neutral | AU$55.25M | -5.77 | -26.06% | ― | ― | -140.00% | |
44 Neutral | AU$25.69M | -12.60 | -9.73% | ― | ― | 62.96% | |
44 Neutral | AU$45.78M | -14.40 | -4.97% | ― | ― | -187.50% | |
42 Neutral | AU$128.75M | -17.75 | -10.71% | ― | ― | 22.77% |
* Basic Materials Sector Average
AU:TSO
Tesoro Gold
1.13
0.74
189.74%
AU:AAM
Matador Mining Ltd
0.04
<0.01
2.70%
AU:AS1
Golden Rim Resources Ltd
0.14
0.09
229.27%
AU:KNB
Koonenberry Gold Limited
0.03
-0.07
-72.83%
AU:AGC
Australian Gold & Copper Ltd.
0.17
0.02
13.33%
AU:FXG
Felix Gold Ltd.
0.26
0.11
67.74%
Tesoro Gold Corporate Events
Tesoro Gold Drilling at Ternera Yields Thick High-Grade Intercepts in Chile
Apr 29, 2026
Tesoro Gold reported new assay results from ten diamond drill holes at the Ternera deposit within its El Zorro Gold Project in Chile, confirming multiple thick, high-grade gold intercepts that demonstrate the scale and continuity of mineralisation...
Tesoro Gold Moves AGM Communications Online as It Advances Chile Gold Project
Apr 29, 2026
Tesoro Gold has notified shareholders that its annual general meeting will be held in Fremantle, Western Australia, on 29 May 2026, and that it will no longer post hard copies of the meeting notice unless specifically requested. Instead, sharehold...
Tesoro Gold Posts A$7.6m Quarterly Cash Outflow as Exploration Spend Rises
Apr 23, 2026
Tesoro Gold reported a quarterly cash flow showing no receipts from customers and a net operating cash outflow of A$705,000, driven mainly by staff, administration and corporate costs, partly offset by interest income and government grants. The co...
Tesoro Gold Advances El Zorro with High-Grade Drilling and Fast-Tracked DFS
Apr 23, 2026
Tesoro Gold reported a strong March quarter marked by high-grade extensional drilling results at the Ternera deposit, including new mineralisation up to 400 metres down plunge of the current open pit shell. The company also advanced an 80% complet...
Tesoro Gold Flags Lapse of 56,000 Performance Rights in Capital Update
Apr 17, 2026
Tesoro Gold Ltd has notified the market that 56,000 performance rights, trading under the ASX code TSOAB, have lapsed as of April 17, 2026. The cessation occurred because the conditions tied to these rights were not met or are no longer capable of...
Tesoro Gold Completes Sale Facility for Unmarketable Share Parcels
Apr 9, 2026
Tesoro Gold has completed an unmarketable parcel share sale facility designed to help small shareholders exit their positions without brokerage or handling costs that could make selling uneconomic. The move also streamlines the company’s sha...
Tesoro Gold Reschedules 2026 AGM as Chile Gold Project Advances
Apr 8, 2026
Tesoro Gold Limited has rescheduled its Annual General Meeting of shareholders, which will now take place at 10:00am WST on 29 May 2026 at the company’s premises on Cliff Street in Fremantle, Western Australia. The company also confirmed tha...
Tesoro Gold Revises Quarterly Cash Flow Report After Audit-Driven Reclassification
Apr 2, 2026
Tesoro Gold has issued a replacement of its Appendix 5B cash flow report for the December 2025 quarter after identifying an incorrect value under Item 2.1(d) caused by an administrative oversight. Following advice from its auditors during the FY20...
Tesoro Gold Nears Completion of Infill Drilling at Ternera Deposit Ahead of Resource Update
Mar 30, 2026
Tesoro Gold reported new assay results from 20 diamond drill holes at the Ternera Gold Deposit in Chile, part of an ongoing infill program exceeding 20,000 metres. The campaign, now about 85% complete, continues to deliver multiple thick, high-gra...
Tesoro Gold lodges updated corporate governance statement and Appendix 4G
Mar 26, 2026
Tesoro Gold has lodged its updated corporate governance statement for the year ended 31 December 2025, confirming that the document is available on its website and has been approved by the board as of 25 March 2026. The accompanying Appendix 4G se...
Tesoro Gold Details Governance Framework and Explains Committee Approach
Mar 26, 2026
Tesoro Gold has published its latest Corporate Governance Statement, confirming broad alignment with the ASX Corporate Governance Council’s fourth edition principles and recommendations for the 2025 financial year. The statement outlines whe...
Tesoro Gold fast-tracks Ternera project into definitive feasibility phase
Feb 24, 2026
Tesoro Gold will move directly to a Definitive Feasibility Study for its 1.82 million ounce Ternera Gold Deposit at the El Zorro Gold Project in Chile, following extensive trade-off studies that defined an optimized single open pit and 3Mtpa proce...
Tesoro Gold Director Converts Performance Rights Into Additional Shares
Feb 9, 2026
Tesoro Gold has disclosed a change in director Zeffron Charles Reeves’ indirect holding, reflecting the conversion of performance rights into equity. Through the Palin Trust, of which Reeves is a beneficiary and trustee, he acquired 700,000 ...
Tesoro Gold Seeks ASX Quotation for Additional Shares
Feb 9, 2026
Tesoro Gold has applied to the ASX for quotation of 1,153,333 new ordinary fully paid shares, with an issue date of 9 February 2026. The additional securities, arising from the exercise or conversion of existing instruments, will modestly increase...
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.