tiprankstipranks
Trending News
More News >
Asante Gold Corporation (TSE:ASE)
:ASE

Asante Gold (ASE) AI Stock Analysis

Compare
17 Followers

Top Page

TSE:ASE

Asante Gold

(ASE)

Select Model
Select Model
Select Model
Neutral 43 (OpenAI - 5.2)
Rating:43Neutral
Price Target:
C$1.50
▼(-35.62% Downside)
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)

Asante Gold Business Overview & Revenue Model

Company DescriptionAsante 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 through its core assets, which include the Kubi Gold Mine and the Bibiani Gold Mine, both of which are strategically located in proximity to existing infrastructure and historical mining operations.
How the Company Makes MoneyAsante 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 other mining firms for joint ventures or financing arrangements. Key revenue streams could include gold sales, royalties from existing mine operations, and any additional income from strategic partnerships or agreements with other companies in the mining sector. The company's success is significantly influenced by gold market prices, operational efficiency, and the ability to secure funding for exploration and development activities.

Asante Gold Financial Statement Overview

Summary
Income Statement
Balance Sheet
Cash Flow
Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Asante Gold Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price2.33
Price Trends
50DMA
1.98
Negative
100DMA
1.98
Negative
200DMA
1.67
Positive
Market Momentum
MACD
-0.09
Negative
RSI
44.15
Neutral
STOCH
55.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ASE, the sentiment is Neutral. The current price of 2.33 is above the 20-day moving average (MA) of 1.81, above the 50-day MA of 1.98, and above the 200-day MA of 1.67, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 44.15 is Neutral, neither overbought nor oversold. The STOCH value of 55.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ASE.

Asante Gold Peers Comparison

Overall Rating
UnderperformOutperform
Sector (―)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
C$1.21B10.5122.92%34.05%80.47%
72
Outperform
C$682.51M
68
Neutral
C$1.58B83.852.92%131.18%150.47%
51
Neutral
C$1.42B-12.15-25.39%29.47%1.53%
49
Neutral
C$1.25B-3.17-46.07%-1.73%37.26%
43
Neutral
C$1.37B-2.61-1186.80%8.01%-816.99%
* Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:ASE
Asante Gold
1.75
0.75
75.00%
TSE:ELE
Elemental Royalties
24.72
13.32
116.84%
TSE:ORE
Orezone Gold
2.03
1.36
202.99%
TSE:RBX
Robex Resources
5.62
3.28
139.96%
TSE:HSTR
Heliostar Metals
2.66
2.06
343.33%
TSE:ODV
Osisko Development
4.91
2.71
123.18%

Asante Gold Corporate Events

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 expenditures at the Bibiani and Chirano mines, as well as general working capital. The initiatives are expected to enhance Asante Gold’s operational capabilities and strengthen its position in the gold mining sector.

The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.

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 private placement agreement with Executive Chairman Malik Easah, will be used for the development and growth of the Bibiani and Chirano mines, as well as for general working capital purposes. These financial maneuvers are expected to bolster Asante Gold’s operational capabilities and market position, with implications for stakeholders including regulatory approvals and compliance with Canadian securities laws.

The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.

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 setbacks, the company has implemented initiatives expected to boost production in the following quarter, including improved equipment availability and the commencement of an oxygen plant at Bibiani, which has significantly increased gold recovery rates.

The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.

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 company has initiated measures to improve gold production, including the full mobilization of contractors and the commencement of an oxygen plant at Bibiani, which has significantly increased gold recovery rates. The company also announced a change in its fiscal year-end to enhance comparability with peer companies, affecting the reporting of its financial results.

The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.

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 advancing towards a target of approximately 92% gold recovery, with the recent addition of an oxygen plant enhancing process efficiency. This development is expected to lead to increased gold production and reduced unit costs, marking a pivotal step in the growth profile of Bibiani.

The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.

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 into the Australian market, known for its mining-sector expertise. The company is working with Australian advisors to prepare the necessary listing materials and has already filed a Suitability Application with the ASX. This dual listing is expected to increase Asante’s visibility among Australian and Asia-Pacific investors and align it with peer African and global gold producers.

The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.

Shareholder Meetings
Asante Gold Urges Shareholder Participation Amid Postal Strike
Neutral
Oct 15, 2025

Asante Gold Corporation has announced details regarding its upcoming shareholder meeting, emphasizing the importance of shareholder votes on several key resolutions, including the election of directors and approval of equity incentive and employee share purchase plans. Due to a postal strike in Canada, the company has made proxy materials available online, urging shareholders to access these documents electronically to ensure their participation in the meeting.

The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.

Shareholder Meetings
Asante Gold Announces Shareholder Meeting Amid Postal Strike
Neutral
Oct 9, 2025

Asante Gold Corporation has announced the details of its upcoming shareholder meeting, which will occur on October 21, 2025, in Toronto. Due to a national labor strike affecting Canada Post, the company has made all proxy-related materials available online through SEDAR+ and its website. Shareholders will vote on several resolutions, including the election of directors and approval of equity incentive and share purchase plans. The company emphasizes the importance of shareholder participation and provides multiple voting options to accommodate different shareholder needs.

The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Asante Gold Strengthens Balance Sheet with Debenture Conversion
Positive
Oct 8, 2025

Asante Gold Corporation announced that Kinross Gold Corporation has converted its secured convertible debenture into common shares of Asante, amounting to approximately US$80 million. This conversion strengthens Asante’s balance sheet by eliminating debt, allowing the company to focus on advancing its expansion projects at the Bibiani and Chirano mines, aiming to grow high-grade gold ounces and create long-term shareholder value.

The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Asante Gold Advances Exploration at Bibiani and Chirano Mines
Positive
Oct 6, 2025

Asante Gold Corporation has provided an update on its exploration activities at the Bibiani and Chirano Gold Mines for 2025. The company has made significant progress in extending mine life and identifying new resource growth opportunities, particularly at the Obra and Suraw underground sites. The exploration results have been promising, with high-grade mineralization confirmed, supporting long-term planning and potential production strategies. The company has allocated over $9 million from its recent $500 million financing to accelerate exploration efforts, which are expected to impact future technical reports and enhance Asante’s industry positioning.

The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.

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.Date of analysis: Jan 04, 2026