Tesoro Gold (AU:TSO)
ASX:TSO
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Tesoro Gold
(Sydney:TSO)
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Rating:49Neutral
Price Target:
AU$0.84
▼(-18.83% Downside)
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 debt and a sizable equity base materially reduce solvency risk for an exploration company. This capital structure preserves financial flexibility to fund staged exploration or wait for partner farm-ins, lowering short-term refinancing pressure and supporting project advancement over months.
Negative Factors
Persistent negative profitability and weak margins
Extremely negative margins indicate the business is not generating operating profits and lacks operating leverage. This structural unprofitability means the company cannot self-fund exploration from operations, increasing reliance on external capital to sustain activity over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low debt and a sizable equity base materially reduce solvency risk for an exploration company. This capital structure preserves financial flexibility to fund staged exploration or wait for partner farm-ins, lowering short-term refinancing pressure and supporting project advancement over months.
Read all positive factors
Tesoro Gold (TSO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$183.19M
Dividend YieldN/A
Average Volume (3M)348.92K
Price to Earnings (P/E)―
Beta (1Y)1.26
Revenue GrowthN/A
EPS Growth19.94%
CountryAU
Employees10
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding177,850,220
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 Target
AU$4.87Price Target Upside373.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.02
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
Tesoro Gold does not have publicly available evidence of recurring operating revenue from producing mines in the information available to this response; therefore, its current revenue model is best characterized as pre-revenue exploration. The com...
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
1.03
Price Trends
1.01
Positive
1.09
Negative
0.89
Positive
Market Momentum
>-0.01
Negative
56.56
Neutral
93.94
Negative
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 1.03 is above the 20-day moving average (MA) of 0.93, above the 50-day MA of 1.01, and above the 200-day MA of 0.89, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.56 is Neutral, neither overbought nor oversold. The STOCH value of 93.94 is Negative, 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% | |
49 Neutral | AU$183.19M | -20.64 | -6.79% | ― | ― | 19.94% | |
48 Neutral | AU$31.97M | -2.63 | -26.06% | ― | ― | ― | |
45 Neutral | AU$216.83M | -26.94 | -5.45% | ― | ― | ― | |
44 Neutral | AU$25.69M | -12.60 | -9.73% | ― | ― | 50.00% | |
44 Neutral | AU$49.82M | -14.40 | -4.97% | ― | ― | 6.52% | |
42 Neutral | AU$150.09M | -17.75 | -10.71% | ― | ― | -12.00% |
* Basic Materials Sector Average
AU:TSO
Tesoro Gold
1.03
0.61
145.24%
AU:AAM
Matador Mining Ltd
0.04
>-0.01
-14.29%
AU:AS1
Golden Rim Resources Ltd
0.14
0.08
159.62%
AU:KNB
Koonenberry Gold Limited
0.03
-0.03
-57.63%
AU:AGC
Australian Gold & Copper Ltd.
0.19
0.02
12.12%
AU:FXG
Felix Gold Ltd.
0.31
0.15
90.62%
Tesoro Gold Corporate Events
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...
Tesoro Gold Boosts Cash Reserves to A$29.2m After Heavy Exploration Spend and Equity Raising
Jan 27, 2026
Tesoro Gold Limited reported its quarterly cash flow for the period ended 31 December 2025, showing a net operating cash outflow of A$0.9 million and a significant investing outflow of A$5.9 million, largely driven by A$5.8 million spent on explor...
Tesoro Gold Accelerates El Zorro Drilling and Project De-Risking After $34m Capital Raise
Jan 27, 2026
Tesoro Gold has reported an intensive quarter of exploration at its El Zorro Gold Project, with three fully funded diamond drilling programs under way totalling about 38,000 metres. Infill and extensional drilling at the Ternera deposit delivered ...
Tesoro Gold Launches Sale Facility for Small Shareholdings
Jan 18, 2026
Tesoro Gold has introduced a share sale facility for holders of unmarketable parcels—shareholdings worth less than A$500—to allow small shareholders to sell their stakes without paying brokerage or handling fees. Based on the 16 Januar...
Tesoro Gold Director Zeffron Reeves Receives Additional Performance Rights via Palin Trust
Jan 1, 2026
Tesoro Gold has announced a change in the indirect holdings of director Zeffron Charles Reeves, who holds his interest as trustee and beneficiary of the Palin Trust. As of 31 December 2025, Reeves, via the Palin Trust, has been issued additional p...
Tesoro Gold Issues 593,333 Unquoted Performance Rights Under Employee Incentive Scheme
Jan 1, 2026
Tesoro Gold Ltd has issued 593,333 unquoted performance rights under its employee incentive scheme, effective 31 December 2025. The award of these performance rights, which are not intended to be quoted on the ASX, reinforces the company’s u...
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.