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Turaco Gold Ltd
(Sydney:TCG)
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Rating:53Neutral
Price Target:
AU$0.91
▲(11.46% Upside)
Action:Reiterated
Date:08/18/26
The score is held down primarily by weak financial performance—no revenue, widening losses, and accelerating cash burn—despite a low-debt balance sheet supported by higher equity. Technicals are a meaningful positive with price above major moving averages and a positive MACD, though momentum is nearing overbought. Valuation is not supportive due to negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Focused Exploration Strategy
Concentration on gold discovery and advancement in Côte d’Ivoire and wider West Africa gives the company a defined geographic and commodity strategy. Mapping, surveys, drilling, and resource definition provide a clear pathway for converting exploration work into project value over the medium term.
Negative Factors
No Reported Revenue
The absence of reported revenue across six years indicates that the company has not yet reached a commercial production or recurring-income stage. This leaves future funding and business value dependent on exploration progress and successful project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused Exploration Strategy
Concentration on gold discovery and advancement in Côte d’Ivoire and wider West Africa gives the company a defined geographic and commodity strategy. Mapping, surveys, drilling, and resource definition provide a clear pathway for converting exploration work into project value over the medium term.
Read all positive factors
Turaco Gold Ltd (TCG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$972.44M
Dividend YieldN/A
Average Volume (3M)2.75M
Price to Earnings (P/E)―
Beta (1Y)1.39
Revenue GrowthN/A
EPS Growth-18.50%
CountryAU
Employees26
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding1,080,483,900
10 Day Avg. Volume3,775,721
30 Day Avg. Volume2,750,463
Financial Highlights & Ratios
PEG Ratio-0.73
Price to Book (P/B)6.71
Price to Sales (P/S)0.00
P/FCF Ratio-23.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.16Price Target Upside41.16% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.02
Revenue Forecast (FY)AU$725.00K
Turaco Gold Ltd Business Overview & Revenue Model
Company Description
Turaco Gold Limited, an entity incorporated in 2007 and based in West Perth, Australia, specializes in the acquisition, exploration, and development of gold deposits within Côte d'Ivoire. The company, which rebranded from Manas Resources Limited t...
Turaco Gold Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
54
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | -137.58K | -121.36K | -126.88K |
| EBITDA | -27.13M | -16.54M | -4.20M | -10.51M | -5.06M |
| Net Income | -23.28M | -13.18M | -4.98M | -10.41M | -5.06M |
Balance Sheet | |||||
| Total Assets | 106.37M | 69.35M | 9.62M | 5.50M | 18.18M |
| Cash, Cash Equivalents and Short-Term Investments | 72.33M | 34.02M | 8.07M | 3.85M | 13.87M |
| Total Debt | 0.00 | 0.00 | 30.52K | 67.41K | 150.86K |
| Total Liabilities | 2.89M | 14.34M | 807.44K | 1.50M | 991.74K |
| Stockholders Equity | 109.28M | 56.59M | 9.25M | 4.36M | 17.19M |
Cash Flow | |||||
| Free Cash Flow | -30.98M | -12.53M | -5.65M | -10.05M | -3.80M |
| Operating Cash Flow | -29.74M | -10.19M | -5.65M | -9.90M | -1.60M |
| Investing Cash Flow | 4.46M | -14.84M | 20.00K | -175.06K | -3.27M |
| Financing Cash Flow | 60.46M | 50.14M | 9.76M | 113.06K | 13.41M |
Turaco Gold Ltd Technical Analysis
Positive
0.82
Price Trends
0.60
Positive
0.58
Positive
0.64
Positive
Market Momentum
0.06
Negative
69.06
Neutral
66.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TCG, the sentiment is Positive. The current price of 0.82 is above the 20-day moving average (MA) of 0.71, above the 50-day MA of 0.60, and above the 200-day MA of 0.64, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 69.06 is Neutral, neither overbought nor oversold. The STOCH value of 66.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:TCG.
Turaco Gold Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | AU$624.70M | 2.30 | 79.54% | 0.00% | 161.65% | 2191.43% | |
69 Neutral | AU$758.09M | 8.22 | 25.37% | ― | 909.33% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | AU$769.77M | -63.02 | -4.83% | 3.03% | ― | 30.19% | |
53 Neutral | AU$972.44M | -28.03 | -19.18% | ― | ― | -18.50% | |
53 Neutral | AU$895.02M | -19.38 | -6.68% | 6.25% | 17.55% | 40.51% | |
48 Neutral | AU$799.88M | -44.12 | -17.62% | ― | ― | -168.42% |
* Basic Materials Sector Average
AU:TCG
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Turaco Gold Ltd Corporate Events
Turaco Gold Issues New Shares Under Performance Rights Plan
Aug 31, 2026
Turaco Gold Ltd is an Australian-listed gold company focused on exploration and development activities, with its securities traded on the ASX under the ticker TCG. The company operates under a structured governance framework and uses equity-based ...
Turaco Gold Seeks ASX Quotation for 2.38 Million New Shares
Aug 31, 2026
Turaco Gold Ltd has applied for ASX quotation of 2,375,000 new ordinary fully paid shares, to be issued on August 31, 2026. The additional securities, arising from the exercise or conversion of existing options or other convertible instruments, mo...
Turaco Gold Issues Shares on Exercise of Performance Rights
Aug 24, 2026
Turaco Gold Ltd, an ASX-listed gold exploration and development company, has a Performance Rights Plan that issues equity-based incentives to directors, employees and contractors. This structure is designed to align internal stakeholders with shar...
Turaco Gold Adds 405,000 Shares to ASX Quotation
Aug 24, 2026
Turaco Gold Ltd has applied for quotation of 405,000 additional ordinary fully paid shares on the ASX under its existing TCG code, with the securities issued on August 20, 2026. The move modestly increases the company’s listed capital base a...
Turaco Gold Relocates Registered Head Office to West Perth
Aug 17, 2026
Turaco Gold Limited has updated investors that it has changed its registered address and principal place of business to a new office on Hay Street in West Perth, Western Australia. The move consolidates the company’s corporate presence in a ...
Turaco Gold Issues 180,000 Shares on Exercise of Performance Rights
Aug 10, 2026
Turaco Gold has issued 180,000 new ordinary shares following the exercise of unquoted performance rights granted under its Performance Rights Plan. The shares were issued to eligible directors, employees and contractors, marginally expanding the c...
Turaco Gold Issues 3 Million Unquoted Performance Rights Under Employee Scheme
Aug 5, 2026
Turaco Gold Ltd has notified the market of the issuance of 3,000,000 unquoted performance rights under its employee incentive scheme. The securities, which will not be quoted on the ASX, were issued on 4 August 2026 and are intended to reward and ...
Turaco Gold Seeks ASX Quotation for Additional Ordinary Shares
Aug 4, 2026
Turaco Gold Ltd has lodged an application with the ASX for quotation of 180,000 new ordinary fully paid shares under the code TCG. The securities, issued on 4 August 2026, arise from the exercise or conversion of existing options or other converti...
Turaco Gold Plans Issue of 1 Million Performance Rights
Aug 3, 2026
Turaco Gold Limited has lodged a proposed issue of up to 1,000,000 performance rights with the ASX, scheduled for issue in May 2027, as part of a placement or other type of securities issue. The move indicates the company is using equity-linked in...
Turaco Gold Lapses 375,000 Performance Rights After Unmet Conditions
Aug 3, 2026
Turaco Gold has reported the lapse of 375,000 performance rights, as disclosed in an Appendix 3H notification to the ASX. The securities ceased on 31 July 2026 after conditions attached to the performance rights were not met or became incapable of...
Turaco Gold Appoints New Director With No Current Securities Interests
Aug 3, 2026
Turaco Gold Limited has notified the ASX of the appointment of Jessica Volich as a director, effective 31 July 2026. According to the initial director’s interest notice, Volich currently holds no relevant interests in Turaco Gold securities ...
Turaco Gold Discloses Departure and Holdings of Director Bruce Mowat
Aug 3, 2026
Turaco Gold Limited announced that director Bruce Mowat has ceased his role on the company’s board as of 31 July 2026, in line with ASX disclosure requirements. The filing details Mowat’s remaining interests in Turaco securities, inclu...
Turaco Gold refreshes board with ESG and technical heavyweights for Afema push
Jul 30, 2026
Turaco Gold has strengthened its board with the appointment of ESG specialist Jessica Volich and veteran geologist and resource analyst Brett Gossage as non-executive directors, effective immediately. Their experience in global mining, ESG strateg...
Turaco Gold’s Afema Study Confirms Long-Life, Low-Cost Production Plan
Jul 29, 2026
Turaco Gold has completed a pre-feasibility study for its Afema gold project, outlining a development capable of producing about 200,000 ounces of gold per year over an initial mine life exceeding 10 years. The study underpins a maiden probable or...
Turaco Gold’s Deep Drilling Points to Larger, Higher-Grade Afema Resource
Jul 22, 2026
Turaco Gold has reported initial deep drilling results from the Woulo Woulo deposit that confirm significant extensions of gold mineralisation below the existing 1.7 million ounce resource. A standout intercept of 100 metres at 1.06 grams per tonn...
Turaco Gold Hires Project Development Director to Drive Afema Build-Out
Jul 21, 2026
Turaco Gold has appointed veteran mining engineer Warren King as Project Development Director, effective 3 August 2026, to spearhead the next phase of its Afema gold project. King brings more than two decades of global mining experience, particula...
Turaco Gold Adds 100,000 New Shares to ASX Quotation
Jul 15, 2026
Turaco Gold Ltd has applied for quotation of 100,000 new ordinary fully paid shares on the ASX, with the securities issued on July 14, 2026. The additional shares, resulting from the conversion or exercise of existing instruments, modestly increas...
Turaco Gold Issues New Shares on Exercise of Performance Rights
Jul 15, 2026
Turaco Gold Limited has issued 100,000 new ordinary shares following the exercise of unquoted performance rights granted under its Performance Rights Plan to directors, employees and contractors. The issuance forms part of the company’s ongo...
Turaco Gold Seeks ASX Quotation for 1.8 Million New Shares
Jul 14, 2026
Turaco Gold Ltd has applied for the ASX quotation of 1,800,000 new ordinary fully paid shares under its ticker TCG, with an issue date of July 14, 2026. The application follows the exercise or conversion of existing options or other convertible se...
Turaco Gold Issues 1.8 Million Shares on Option Exercise
Jul 14, 2026
Turaco Gold has issued 1.8 million new ordinary shares following the exercise of unquoted options at $0.12 each, modestly increasing its share capital without undertaking a full public disclosure process. The company confirmed it remains compliant...
Turaco Gold Corrects Director Interest Disclosure in Revised Appendix 3Y
Jul 9, 2026
Turaco Gold has issued a replacement Appendix 3Y to correct the previously lodged Change of Director’s Interest Notice for director Justin Tremain. The updated filing amends Part 1 to show the accurate number of ordinary shares and performan...
Turaco Gold Director Boosts Equity Stake Through Performance Rights Conversion
Jul 8, 2026
Turaco Gold Ltd has reported a change in director John Fitzgerald’s indirect interests in the company’s securities, as disclosed to the ASX. Fitzgerald holds his interests via family and superannuation account structures, underscoring ...
Turaco Gold Seeks ASX Quotation for Additional Ordinary Shares
Jul 8, 2026
Turaco Gold Ltd has applied for ASX quotation of 300,000 new ordinary fully paid shares, expanding its listed securities on the Australian market. The additional shares, issued on July 8, 2026, modestly increase the company’s equity base and...
Turaco Gold Seeks ASX Quotation for 20.5 Million New Shares
Jul 8, 2026
Turaco Gold Limited has applied for quotation on the ASX of 20,500,000 ordinary fully paid shares, with an issue date of July 3, 2026. The new securities, to be traded under the code TCG, expand the company’s listed capital base, potentially...
Turaco Gold Issues 20.8 Million Shares Under Performance Rights Plan
Jul 8, 2026
Turaco Gold Ltd has issued 20,800,000 ordinary shares following the exercise of unquoted performance rights granted under its Performance Rights Plan to eligible directors, employees and contractors. The shares were issued without a prospectus und...
Turaco Gold Seeks ASX Quotation for Additional Ordinary Shares
Jun 24, 2026
Turaco Gold Ltd has applied to the Australian Securities Exchange for quotation of 259,603 new ordinary fully paid shares under the code TCG, with an issue date of 24 June 2026. The additional securities, issued as part of previously announced tra...
Turaco Gold Issues Shares for Option Over Exploration Permit
Jun 24, 2026
Turaco Gold Limited has issued 259,603 ordinary shares as consideration for acquiring an option over an exploration permit, furthering its strategy of expanding its exploration portfolio via equity-funded transactions. The company stated that the ...
Turaco Gold Expands Afema Footprint with New Côte d’Ivoire Permit Option
Jun 22, 2026
Turaco Gold has exercised its rights to secure an option over exploration permit PR1074 in Côte d’Ivoire, giving it the ability to acquire 100% of the permit from Pioneer Minerals and expanding the Afema Project area by about 30% to mor...
Turaco Gold Highlights Afema PFS and Maiden 1.9Moz Ore Reserve in Côte d’Ivoire
Jun 16, 2026
Turaco Gold has released a presentation on its Afema Gold Project in Côte d’Ivoire, highlighting a maiden JORC ore reserve of 1.9 million ounces and positioning the project as a potential producer of more than 200,000 ounces of gold per...
Turaco Gold’s Afema PFS Confirms Strong Economics for 200,000oz-a-Year Ivory Coast Mine
Jun 16, 2026
Turaco Gold has released a pre-feasibility study for its Afema Gold Project in Côte d’Ivoire, outlining plans for a 6.0Mtpa open pit operation producing about 200,000 ounces of gold per year over 10.3 years, including 230,000 ounces in ...
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.