Tristar Gold (TSG) AI Stock Analysis

• Market Cap: C$66.89M
• Dividend Yield: N/A
• Average Volume (3M): 142.57K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.50
• Revenue Growth: N/A
• EPS Growth: -154.05%
• Country: CA
• Employees: 31
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 352,059,750
• 10 Day Avg. Volume: 93,703
• 30 Day Avg. Volume: 142,567
• PEG Ratio: 0.05
• Price to Book (P/B): 0.84
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.58
• Enterprise Value/Market Cap: 0.31
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: -3.17
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 44 Neutral
• Price Target: ―

Tristar Gold's overall stock score reflects significant challenges in financial performance, particularly in revenue generation and cash flow management, which are critical concerns. While technical analysis suggests some potential support, the negative valuation metrics do not favor investment. Positive corporate events, including leadership stability and project financing, offer some optimism, but the financial struggles weigh heavily on the score. Strategic improvements in operational efficiency and financial management are necessary for a more favorable outlook.

Tristar Gold Business Overview & Revenue Model

Company Description

TriStar Gold, Inc. (TSG) is a mineral exploration company focused primarily on the acquisition, exploration, and development of precious metal properties, with an emphasis on gold deposits. The company's flagship project is the Castelo de Sonhos gold project located in Pará State, Brazil. TriStar Gold aims to advance this project through exploration and development activities to increase its mineral resource base and ultimately establish a profitable mining operation.

How the Company Makes Money

TriStar Gold generates revenue through the exploration and development of its gold properties, with a primary focus on increasing the value of its flagship project, Castelo de Sonhos. The company primarily makes money by advancing its projects to stages where they become attractive for acquisition or joint ventures with larger mining companies. Additionally, TriStar may raise capital through the issuance of shares or debt to fund its exploration and development activities, which is common in the mineral exploration industry. Partnerships with other mining companies or investors can also provide funding and expertise to help advance projects towards production. The ultimate goal is to establish a profitable mining operation or to sell its developed projects to larger mining entities.

Tristar Gold Financial Statement Overview

Summary

Tristar Gold's financial statements portray a company struggling with revenue generation and profitability, as reflected in its income statement. Despite a strong equity base and absence of debt, liquidity concerns arise from decreasing cash reserves. Cash flow analysis further emphasizes operational challenges, with negative free cash flow and inconsistent cash generation. Strategic initiatives focused on revenue generation and cash flow management are crucial for improving financial health.

Income Statement

Tristar Gold has consistently reported zero revenue, highlighting a significant concern in terms of income generation. The absence of revenue over multiple periods implies challenges in operational activities or market presence. The company is also facing significant net losses and negative EBIT and EBITDA, indicating ongoing operational inefficiencies and financial instability. Without a revenue stream, the potential for profitability remains highly constrained.

Balance Sheet

The company's balance sheet shows a strong equity position with no debt, resulting in a favorable debt-to-equity ratio. This reflects financial prudence and minimizes risk exposure from leverage. The equity ratio is high, indicating that the company is primarily financed through equity rather than debt, which provides a buffer against financial distress. However, the consistent decline in cash and cash equivalents over the years may signal liquidity issues, which could impact future operations if not addressed.

Cash Flow

Tristar Gold's cash flow statement reveals volatility in operating cash flows, with a significant negative free cash flow in the TTM period. The high variability in free cash flow points to potential issues in cash management and operational sustainability. The negative operating cash flow to net income ratio indicates that the company is not generating sufficient cash from its operations to cover its net losses, leading to potential liquidity constraints.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	-1.64K	-1.70K	-2.18K
	EBIT
-314.48K	―	-2.34M	-3.62M	-2.83M	-1.59M
	EBITDA
-1.76M	―	-2.34M	-1.39M	-1.17M	-1.58M
	Net Income Common Stockholders
-1.93M	―	-967.20K	207.91K	-125.27K	-1.74M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
502.59K	3.77M	4.98M	5.37M	10.02M	5.54M
	Total Assets
28.84M	30.43M	29.43M	27.55M	29.23M	22.06M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-502.59K	-3.77M	-4.98M	-5.37M	-10.02M	-5.54M
	Total Liabilities
912.90K	893.71K	1.16M	1.92M	3.97M	3.03M
	Stockholders Equity
27.93M	29.53M	28.28M	25.63M	25.26M	19.03M
Cash Flow		Free Cash Flow
-3.17M	-90.78K	-1.53M	746.72K	-1.40M	-2.67M
	Operating Cash Flow
-1.45M	2.17M	785.66K	3.67M	2.49M	-687.73K
	Investing Cash Flow
-1.72M	-2.26M	-2.29M	-2.93M	-3.89M	-1.99M
	Financing Cash Flow
0.00	2.34M	3.95M	80.86K	9.30M	8.02M

Tristar Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.19
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TSG, the sentiment is Positive. The current price of 0.19 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.17, and above the 200-day MA of 0.15, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 63.31 is Neutral, neither overbought nor oversold. The STOCH value of 65.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TSG.

Tristar Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ELD	78 Outperform	$5.84B	12.89	8.91%	―	41.46%	187.54%
KNT	77 Outperform	C$3.78B	14.66	39.28%	―	105.06%	481.75%
BTO	71 Outperform	$6.51B	―	-17.61%	2.22%	5.97%	-1677.31%
OR	69 Neutral	C$6.59B	149.68	2.50%	0.74%	12.78%	―
Sector *	51 Neutral	$2.04B	-1.15	-21.24%	3.95%	2.91%	-30.44%
TSG	44 Neutral	C$66.89M	―	-6.20%	―	―	-154.05%

Tristar Gold Corporate Events

TriStar Gold CEO Returns; Castelo de Sonhos Project Gains Regulatory Support

TriStar Gold has announced the return of its President and CEO, Nick Appleyard, from leave, with Jessica Van Den Akker resuming her role as Director after serving as interim CEO. The company also provided an update on its Castelo de Sonhos project in Brazil, confirming strong regulatory support for its permitting process, which remains valid and unrestricted as TriStar explores financing options to advance the project.

TriStar Gold Concludes Successful Private Placement to Advance Brazilian Project

TriStar Gold Inc. has successfully closed the final tranche of its non-brokered private placement, selling 1,300,000 common shares at C$0.13 per share for gross proceeds of C$169,000. Overall, the company raised C$1,081,571 in this placement, which will be used for general working capital and to advance the Castelo de Sonhos gold project. The securities are subject to a four-month hold period and the placement awaits final approval from the TSX Venture Exchange.

TriStar Gold Completes Initial Phase of Private Placement to Fund Key Project

TriStar Gold Inc. has successfully closed the first tranche of a non-brokered private placement, raising C$912,571 by selling over 7 million shares at C$0.13 each. The funds will be used for general working capital and to further develop its Castelo de Sonhos project. Notably, key stakeholders including directors and a major shareholder participated in the offering, indicating strong insider confidence. Despite this insider involvement, the process adhered to regulatory guidelines, ensuring no significant change in ownership, thus maintaining stable control and direction of the company.