Asante Gold Corporation (TSE:ASE)
:ASE
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Asante Gold
(ASE)
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Rating:42Neutral
Price Target:
C$1.00
▼(-57.08% Downside)
Action:Reiterated
Date:05/18/26
The score is held down primarily by weak financial performance (large losses, high leverage, and significant TTM cash burn). Technicals add further pressure given the clear downtrend and negative MACD, while valuation provides limited support because the company is loss-making (negative P/E) and has no provided dividend yield.
Asante Gold (ASE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$965.41M
Dividend YieldN/A
Average Volume (3M)1.11M
Price to Earnings (P/E)―
Beta (1Y)1.35
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees1,373
SectorN/A
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding902,254,000
10 Day Avg. Volume1,028,488
30 Day Avg. Volume1,112,527
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)316.49
Price to Sales (P/S)1.87
P/FCF Ratio-2.82
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 makes money primarily by producing and selling gold. Its main revenue stream is the sale of refined gold (or gold doré) generated from mining operations and processed through its facilities, with revenue largely determined by productio...
Asante Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
20
Very Negative
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| Gross Profit |
| EBITDA |
| Net Income |
Balance Sheet |
| Total Assets |
| Cash, Cash Equivalents and Short-Term Investments |
| Total Debt |
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Cash Flow |
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Asante Gold Technical Analysis
Negative
2.33
Price Trends
1.23
Negative
1.52
Negative
1.75
Negative
Market Momentum
-0.05
Positive
35.21
Neutral
28.77
Neutral
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 1.17, above the 50-day MA of 1.23, and above the 200-day MA of 1.75, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 35.21 is Neutral, neither overbought nor oversold. The STOCH value of 28.77 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
| ― | ― | ― | ― | ― | ― | ― | |
76 Outperform | C$1.57B | 6.59 | 21.51% | ― | 57.59% | 11.36% | |
63 Neutral | C$533.69M | 17.25 | 22.89% | ― | ― | ― | |
60 Neutral | C$1.48B | 281.23 | 0.50% | ― | 124.60% | -95.35% | |
50 Neutral | C$1.29B | 5.34 | -10.60% | ― | 1249.52% | 40.47% | |
42 Neutral | C$965.41M | -24.55 | 9999.00% | ― | ― | ― |
* Sector Average
TSE:ASE
Asante Gold
1.02
-0.02
-1.92%
TSE:ELE
Elemental Royalties
21.73
7.66
54.40%
TSE:ORE
Orezone Gold
2.28
1.21
113.08%
TSE:HSTR
Heliostar Metals
1.98
0.73
58.40%
TSE:ODV
Osisko Development
3.87
1.24
47.15%
Asante Gold Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Asante Gold Posts Higher Revenue but Deepens Losses on Rising Costs in FY 2025
Negative
Apr 1, 2026
Asante Gold reported fiscal 2025 revenue of $483 million from sales of 143,138 ounces of gold, up slightly from the prior year as higher realized gold prices offset lower volumes. However, the company posted a significantly larger net loss of $345...
Business Operations and StrategyFinancial Disclosures
Asante Gold Builds Momentum With Bibiani and Chirano Production Ramp-Up
Positive
Mar 16, 2026
Asante Gold reported that both its Bibiani and Chirano mines are showing operational momentum, with seven consecutive monthly increases in gold output at Bibiani and consolidated production above 20,000 ounces in January and February 2026. Full-ye...
Business Operations and StrategyExecutive/Board Changes
Asante Gold Reshapes Leadership Team as Operations Ramp Up
Positive
Mar 11, 2026
Asante Gold has appointed veteran mining executive Campbell Baird as Chief Operating Officer, reinforcing its operational leadership as the Bibiani and Chirano mines ramp up toward planned production levels. Baird, who brings more than three decad...
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.