Asante Gold Corporation (TSE:ASE)
:ASE
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Asante Gold
(ASE)
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Rating:43Neutral
Price Target:
C$2.00
▼(-14.16% Downside)
Action:ReiteratedDate:01/04/26
The score is weighed down primarily by very weak TTM profitability, sharply higher leverage, and a swing to negative operating/free cash flow, which together raise sustainability and financing risk. Technicals also show a weak price trend and bearish momentum, though oversold indicators suggest a potential near-term bounce. Valuation is not supportive given the negative P/E and lack of dividend yield data.
Asante Gold (ASE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$869.23M
Dividend YieldN/A
Average Volume (3M)1.11M
Price to Earnings (P/E)―
Beta (1Y)1.08
Revenue Growth8.01%
EPS Growth-816.99%
CountryCA
Employees1,373
SectorN/A
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.42
Shares Outstanding790,207,760
10 Day Avg. Volume1,028,488
30 Day Avg. Volume1,112,527
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)27.69
Price to Sales (P/S)1.07
P/FCF Ratio13.25
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)N/A
Revenue Forecast (FY)N/A
Asante Gold Business Overview & Revenue Model
Company Description
Asante Gold Corporation (ASE) is a Canadian-based gold exploration and development company focused on advancing gold projects in Ghana, one of Africa's leading gold-producing countries. The company is committed to creating sustainable value throug...
How the Company Makes Money
Asante Gold generates revenue primarily through the exploration, development, and potential production of gold from its mining projects. The company may earn money by selling gold produced from its operations, as well as through partnerships with ...
Asante Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
15
Very Negative
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| EBITDA |
| Net Income |
Balance Sheet |
| Total Assets |
| Cash, Cash Equivalents and Short-Term Investments |
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Asante Gold Technical Analysis
Negative
2.33
Price Trends
1.69
Negative
1.82
Negative
1.82
Negative
Market Momentum
-0.19
Positive
25.52
Positive
16.32
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ASE, the sentiment is Negative. The current price of 2.33 is above the 20-day moving average (MA) of 1.45, above the 50-day MA of 1.69, and above the 200-day MA of 1.82, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 25.52 is Positive, neither overbought nor oversold. The STOCH value of 16.32 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ASE.
Asante Gold Peers Comparison
UnderperformOutperform
Sector (―)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | ― | ― | ― | ― | ― | ― | |
72 Outperform | C$564.48M | 90.93 | 72.25% | ― | ― | ― | |
66 Neutral | C$1.24B | 10.62 | 18.62% | ― | 34.05% | 80.47% | |
60 Neutral | C$1.56B | 281.23 | 2.92% | ― | 131.18% | 150.47% | |
47 Neutral | C$1.32B | -7.90 | -42.22% | ― | 29.47% | 1.53% | |
45 Neutral | C$1.04B | -1.08 | -47.00% | ― | -1.73% | 37.26% | |
43 Neutral | C$869.23M | -1.23 | -9999.00% | ― | 8.01% | -816.99% |
* Sector Average
TSE:ASE
Asante Gold
1.10
-0.09
-7.56%
TSE:ELE
Elemental Royalties
24.25
11.35
87.98%
TSE:ORE
Orezone Gold
2.07
1.09
111.22%
TSE:RBX
Robex Resources
5.24
2.04
63.75%
TSE:HSTR
Heliostar Metals
2.20
1.17
113.59%
TSE:ODV
Osisko Development
4.07
1.93
90.19%
Asante Gold Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Asante Gold Raises C$13.8 Million in Private Placement to Fund Ghana Mine Growth
Positive
Jan 30, 2026
Asante Gold Corporation has closed a non-brokered private placement, issuing 8,625,000 common shares at C$1.60 each to raise gross proceeds of C$13.8 million. The funds are earmarked for continued development and growth spending at the Bibiani and...
Business Operations and StrategyPrivate Placements and Financing
Asante Gold Raises C$179.4 Million and Expands Debt Facility to Fund Ghana Mine Growth
Positive
Jan 6, 2026
Asante Gold has closed a C$179.4 million bought deal private placement, issuing 112.1 million common shares at C$1.60 each, with net proceeds earmarked primarily for development and growth expenditures at its Bibiani and Chirano mines as well as g...
Business Operations and StrategyPrivate Placements and Financing
Asante Gold Secures C$138.8 Million for Mine Development
Positive
Dec 17, 2025
Asante Gold Corporation has announced a significant financial maneuver involving a C$125 million bought deal private placement and a C$13.8 million non-brokered private placement. These funds are intended to support development and growth expendit...
Business Operations and StrategyPrivate Placements and Financing
Asante Gold Expands Private Placement to Bolster Mine Development
Positive
Dec 17, 2025
Asante Gold Corporation has announced an increase in its previously announced bought deal private placement to C$156 million, with BMO Capital Markets acting as the lead underwriter. The proceeds from this offering, along with a non-brokered priva...
Business Operations and StrategyFinancial Disclosures
Asante Gold Reports Q3 2025 Results and Outlines Production Initiatives
Neutral
Dec 11, 2025
Asante Gold Corporation reported its financial and operational results for the quarter ended October 31, 2025, highlighting challenges in equipment mobilization at its Bibiani and Chirano mines, which affected gold production. Despite these setbac...
Business Operations and StrategyFinancial Disclosures
Asante Gold Reports Q3 2025 Results Amid Operational Adjustments
Neutral
Dec 11, 2025
Asante Gold Corporation reported its financial and operational results for the quarter ending October 31, 2025, highlighting challenges in equipment mobilization and gold production at its Bibiani and Chirano mines. Despite these setbacks, the com...
Business Operations and StrategyProduct-Related Announcements
Asante Gold Achieves Key Milestone in Bibiani Plant Ramp-Up
Positive
Dec 9, 2025
Asante Gold Corporation announced the successful ramp-up of its new sulphide treatment plant at the Bibiani Gold Mine in Ghana, achieving continuous 24-hour operation and significant improvements in gold recovery. The plant’s optimization is...
Business Operations and StrategyDelistings and Listing Changes
Asante Gold to Pursue Dual Listing on ASX in 2026
Positive
Dec 8, 2025
Asante Gold Corporation has announced its intention to dual list its securities on the Australian Securities Exchange (ASX) by early 2026. This strategic move aims to broaden Asante’s shareholder base and enhance trading liquidity by tapping...
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.