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Tesoro Gold
(Sydney:TSO)
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Rating:41Neutral
Price Target:
AU$0.78
▼(-4.51% Downside)
Action:Reiterated
Date:07/01/26
Tesoro Gold's score is primarily pressured by a sustained bearish technical downtrend, a lack of commercial revenue, and negative profitability. Despite these significant market and operational risks, the company's major strength is a fortress-like balance sheet with near-zero debt, ensuring a robust financial runway for ongoing mining exploration.
Positive Factors
Low leverage / resilient balance sheet
A very low debt-to-equity profile and rising equity reduce financial distress risk and interest burden over months. This gives the company structural flexibility to fund exploration or wait for favourable JV/farm-out terms without immediate solvency pressure, supporting persistence of operations.
Negative Factors
Persistent operating losses
Widening net losses indicate the business is burning shareholder capital rather than moving toward self-sustaining operations. Over months this trend erodes reserves, increases reliance on financing, and signals that current activities are not yet translating into viable, revenue-generating assets.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / resilient balance sheet
A very low debt-to-equity profile and rising equity reduce financial distress risk and interest burden over months. This gives the company structural flexibility to fund exploration or wait for favourable JV/farm-out terms without immediate solvency pressure, supporting persistence of operations.
Read all positive factors
Tesoro Gold (TSO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$152.78M
Dividend YieldN/A
Average Volume (3M)348.92K
Price to Earnings (P/E)―
Beta (1Y)1.29
Revenue GrowthN/A
EPS Growth-66.98%
CountryAU
Employees10
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.04
Shares Outstanding179,736,160
10 Day Avg. Volume499,497
30 Day Avg. Volume348,916
Financial Highlights & Ratios
PEG Ratio-0.26
Price to Book (P/B)1.92
Price to Sales (P/S)0.00
P/FCF Ratio-54.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.80Price Target Upside241.46% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.06
Revenue Forecast (FY)N/A
Tesoro Gold Business Overview & Revenue Model
Company Description
Tesoro Gold Ltd focuses on identifying, exploring, and advancing natural resource ventures situated across Chile. Its primary asset is the expansive El Zorro gold project, which spans approximately 555 square kilometers in northern Chile. Establis...
How the Company Makes Money
Tesoro Gold is an exploration-stage company, and publicly available information does not indicate that it generates material operating revenue from the sale of gold or other products. Instead, its typical value-realisation pathway is to increase t...
Tesoro Gold Financial Statement Overview
Summary
Income Statement
15
Very Negative
Balance Sheet
90
Very Positive
Cash Flow
30
Negative
| Breakdown | Dec 2025 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 165.15K | 165.15K | 36.87K | 826.00 |
| Gross Profit | -125.69K | 165.15K | -62.29K | -31.30K | -61.62K |
| EBITDA | -4.37M | -1.91M | -222.75K | -2.79M | -5.26M |
| Net Income | -4.98M | -1.86M | -340.64K | -3.15M | -5.06M |
Balance Sheet | |||||
| Total Assets | 87.64M | 47.43M | 37.68M | 42.31M | 31.11M |
| Cash, Cash Equivalents and Short-Term Investments | 22.17M | 3.89M | 302.01K | 2.82M | 3.95M |
| Total Debt | 220.19K | 261.89K | 32.80K | 86.14K | 108.94K |
| Total Liabilities | 1.85M | 1.13M | 694.84K | 1.26M | 987.24K |
| Stockholders Equity | 83.82M | 44.24M | 35.14M | 38.92M | 28.27M |
Cash Flow | |||||
| Free Cash Flow | -2.95M | -11.20M | -5.28M | -9.86M | -19.32M |
| Operating Cash Flow | -2.86M | -1.35M | 29.44K | -1.58M | -2.15M |
| Investing Cash Flow | -21.68M | -9.85M | -5.31M | -8.28M | -17.17M |
| Financing Cash Flow | 42.79M | 18.17M | 2.73M | 8.52M | 9.87M |
Tesoro Gold Technical Analysis
Neutral
0.82
Price Trends
0.92
Negative
0.96
Negative
1.02
Negative
Market Momentum
>-0.01
Negative
52.78
Neutral
91.01
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TSO, the sentiment is Neutral. The current price of 0.82 is below the 20-day moving average (MA) of 0.86, below the 50-day MA of 0.92, and below the 200-day MA of 1.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.78 is Neutral, neither overbought nor oversold. The STOCH value of 91.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:TSO.
Tesoro Gold Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | AU$189.09M | -29.53 | -26.45% | ― | ― | -3250.00% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | AU$112.33M | -8.47 | -25.68% | ― | ― | -323.13% | |
51 Neutral | AU$193.44M | -12.24 | -87.62% | ― | -100.00% | -2337.50% | |
44 Neutral | AU$169.22M | -125.00 | -2.84% | ― | ― | -92.31% | |
43 Neutral | AU$118.76M | -95.83 | -10.71% | ― | ― | 22.77% | |
41 Neutral | AU$152.78M | -20.99 | -5.94% | ― | ― | -66.98% |
* General Sector Average
AU:TSO
Tesoro Gold
0.90
0.39
76.47%
AU:PGL
Pilbara Gold
0.51
0.11
29.49%
AU:BGD
Barton Gold Holdings Limited
0.76
-0.04
-5.00%
AU:VTM
Victory Goldfields Limited
1.68
<0.01
0.30%
AU:FXG
Felix Gold Ltd.
0.25
0.05
28.95%
AU:HRN
Horizon Gold Ltd
1.05
0.57
119.08%
Tesoro Gold Corporate Events
Tesoro Gold Announces Lapse of 232,627 Performance Rights
Jul 3, 2026
Tesoro Gold has notified the market that 232,627 performance rights (security code TSOAB) have lapsed after the conditions attached to these rights were not met or became incapable of being satisfied. The cessation of these rights slightly reduces...
Tesoro Gold Fast-Tracks DFS and Readiness for Chile’s El Zorro Project
Jun 30, 2026
Tesoro Gold has accelerated definitive feasibility study and development readiness activities for the Ternera deposit at its El Zorro project in Chile, with all core workstreams in engineering, mining, processing, infrastructure, permitting and fi...
Tesoro Gold Adds 56,111 New Shares to ASX Quotation
Jun 30, 2026
Tesoro Gold Ltd has applied for quotation of an additional 56,111 ordinary fully paid shares on the ASX, with the securities issued on June 30, 2026. The small-sized issuance arises from the exercise or conversion of existing options or other conv...
Tesoro Gold corrects director disclosure after share consolidation
Jun 22, 2026
Tesoro Gold has issued a correction to an Appendix 3Y it lodged on 19 June 2026 for director Mark Connelly, after discovering that the disclosed shareholdings did not account for a share consolidation completed in December 2025. The company has re...
Tesoro Gold Issues 5.68 Million Unquoted Performance Rights Under Incentive Scheme
Jun 19, 2026
Tesoro Gold has issued 5.68 million unquoted performance rights under its employee incentive scheme, expanding its pool of equity-based awards. The new securities, which are not intended to be quoted on the ASX, are designed to reward and retain s...
Tesoro Gold Upgrades to OTCQX to Boost North American Investor Access
Jun 16, 2026
Tesoro Gold has upgraded its U.S. trading venue, with its ordinary shares now quoted on the OTCQX Best Market under the symbol TSORF, moving up from the OTCQB tier. The company’s primary listing remains on the ASX, and the OTCQX quotation do...
Tesoro Gold Secures Full Shareholder Support at Annual General Meeting
May 29, 2026
Tesoro Gold Limited reported that all resolutions put to shareholders at its annual general meeting on 29 May 2026 were passed by poll, confirming full shareholder support for the matters presented. The outcome reinforces the company’s curre...
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...
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.