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Turaco Gold Ltd
(Sydney:TCG)
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Rating:54Neutral
Price Target:
AU$0.78
▼(-4.88% Downside)
Action:Reiterated
Date:09/23/26
The score is held back primarily by weak financial performance: the company is pre-revenue with accelerating losses and sustained negative operating/free cash flow, implying continued funding needs. Technicals are a meaningful positive, with price trading above key moving averages and supportive momentum indicators. Valuation contributes only modestly due to negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Debt-Free Balance Sheet
The absence of debt reduces near-term solvency and refinancing pressure, giving Turaco greater financial flexibility than a leveraged explorer. This cleaner balance sheet can help preserve optionality for exploration spending and capital allocation while projects are advanced.
Negative Factors
No Revenue Base
With no reported revenue, Turaco currently lacks operating income to fund exploration or offset corporate costs. Its financial outlook therefore remains dependent on external funding or future project monetisation until an asset reaches a revenue-generating stage.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
The absence of debt reduces near-term solvency and refinancing pressure, giving Turaco greater financial flexibility than a leveraged explorer. This cleaner balance sheet can help preserve optionality for exploration spending and capital allocation while projects are advanced.
Read all positive factors
Turaco Gold Ltd (TCG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$828.18M
Dividend YieldN/A
Average Volume (3M)2.69M
Price to Earnings (P/E)―
Beta (1Y)1.36
Revenue GrowthN/A
EPS Growth-72.53%
CountryAU
Employees26
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.05
Shares Outstanding1,082,583,900
10 Day Avg. Volume1,836,515
30 Day Avg. Volume2,688,374
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$1.27Price Target Upside54.47% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.02
Revenue Forecast (FY)N/A
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
58
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -125.57K | 0.00 | 0.00 | -137.58K | -121.36K | -126.88K |
| EBITDA | -40.89M | -27.12M | -17.22M | -4.20M | -10.51M | -5.06M |
| Net Income | -49.63M | -23.28M | -13.18M | -4.98M | -10.41M | -5.06M |
Balance Sheet | ||||||
| Total Assets | 89.29M | 106.37M | 69.35M | 9.62M | 5.50M | 18.18M |
| Cash, Cash Equivalents and Short-Term Investments | 54.74M | 72.33M | 34.02M | 8.07M | 3.85M | 13.87M |
| Total Debt | 0.00 | 0.00 | 0.00 | 30.52K | 67.41K | 150.86K |
| Total Liabilities | 3.42M | 2.89M | 14.34M | 807.44K | 1.50M | 991.74K |
| Stockholders Equity | 94.26M | 109.28M | 56.59M | 9.25M | 4.36M | 17.19M |
Cash Flow | ||||||
| Free Cash Flow | -32.17M | -30.98M | -12.53M | -5.65M | -10.05M | -3.80M |
| Operating Cash Flow | -31.94M | -29.74M | -10.49M | -5.65M | -9.90M | -1.60M |
| Investing Cash Flow | 2.96M | 4.46M | -14.84M | 20.00K | -175.06K | -3.27M |
| Financing Cash Flow | 4.08M | 60.46M | 50.14M | 9.76M | 113.06K | 13.41M |
Turaco Gold Ltd Technical Analysis
Positive
0.82
Price Trends
0.81
Negative
0.70
Positive
0.66
Positive
Market Momentum
-0.03
Positive
48.88
Neutral
57.59
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 0.77, above the 50-day MA of 0.81, and above the 200-day MA of 0.66, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 48.88 is Neutral, neither overbought nor oversold. The STOCH value of 57.59 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$521.54M | 1.52 | 33.30% | 4.40% | 216.46% | 225.85% | |
68 Neutral | AU$419.16M | 4.82 | 25.37% | ― | 909.33% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | AU$664.97M | -56.05 | -4.83% | 3.03% | ― | 30.19% | |
54 Neutral | AU$828.18M | -15.87 | -48.77% | ― | ― | -72.53% | |
53 Neutral | AU$1.01B | -19.74 | -6.68% | 6.06% | 17.55% | 40.51% | |
44 Neutral | AU$798.68M | -43.01 | -10.60% | ― | ― | -138.46% |
* Basic Materials Sector Average
AU:TCG
Turaco Gold Ltd
0.77
0.32
70.00%
AU:FML
Focus Minerals Ltd
1.82
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-24.73%
AU:SBM
St. Barbara
0.83
0.34
70.10%
AU:AUC
Ausgold Limited
1.21
0.43
54.49%
AU:WIA
WIA Gold Limited
0.40
0.05
14.29%
AU:BC8
Black Cat Syndicate Ltd.
0.58
-0.39
-40.10%
Turaco Gold Ltd Corporate Events
Turaco Gold to List 1.5 Million New Shares on ASX
Oct 29, 2026
Turaco Gold Ltd has applied for quotation of 1,500,000 new ordinary fully paid shares on the ASX, to be issued on October 29, 2026, under its existing TCG ticker. The additional shares modestly expand the company’s listed capital base, poten...
Turaco Gold Moves to Consolidate Afema Ownership and Launch Equity Raise
Oct 28, 2026
Turaco Gold Ltd, listed on the ASX as TCG, is a gold exploration and development company focused on the Afema Gold Project in Africa. It aims to build a large-scale gold operation, using peer benchmarking against comparable African projects to val...
Turaco Gold Plans December Share Placement on ASX
Oct 28, 2026
Turaco Gold Limited has notified the ASX of a proposed placement of up to 38,166,668 ordinary fully paid shares, with an expected issue date of 16 December 2026. The company has applied for the new securities to be quoted on the ASX, in line with ...
Turaco Gold Plans Major Share and Option Issue to Bolster Capital Base
Oct 28, 2026
Turaco Gold Ltd has lodged an Appendix 3B with the ASX outlining a proposed placement and associated securities issue, scheduled for 16 December 2026. The plan includes issuing more than 55 million new ordinary fully paid shares and a substantial ...
Turaco Gold Plans Major Share Issue to Bolster Capital Base
Oct 28, 2026
Turaco Gold Ltd has announced a proposed equity raising that includes both a securities purchase plan for existing shareholders and a sizeable share placement to investors. The combined issues, covering up to roughly 178.5 million new ordinary sha...
Turaco Gold raises up to A$130m to secure full Afema ownership
Oct 28, 2026
Turaco Gold Limited has secured firm commitments for a two-tranche institutional placement raising A$120 million at A$0.60 per share, led by a global long-only resources fund and supported by existing institutional investors. The company will also...
Turaco Gold Takes Full Control of Afema Project to Fast-Track Development
Oct 26, 2026
Turaco Gold has agreed to acquire Sodim Ltd’s remaining 20% interest in the 4.65Moz Afema Gold Project in Côte d’Ivoire, giving it full project ownership aside from the State’s 10% non-contributing stake. The US$79m consider...
Turaco Gold Seeks Trading Halt Ahead of Acquisition and Capital Raising
Oct 26, 2026
Turaco Gold Limited has requested and received a trading halt on its securities from the ASX, effective 27 October 2026, pending the release of a market announcement. The halt is expected to remain in place until normal trading resumes on Thursday...
Turaco Gold Drilling Results Point to Resource Growth at Afema Project
Oct 25, 2026
Turaco Gold has reported strong drilling results from the Begnopan and Asupiri-Adiopan deposits at its Afema Gold Project in Côte d’Ivoire, confirming both depth and strike extensions as well as new shallow, sub-parallel mineralised zon...
Turaco Gold Hits High-Grade Deep Gold at Afema’s Woulo Woulo Deposit
Oct 12, 2026
Turaco Gold has reported strong new deep drilling results at the Woulo Woulo deposit within its Afema Project in Côte d’Ivoire. Recent diamond core holes have confirmed a high-grade gold shoot extending about 700 metres along strike and...
Turaco Gold Seeks ASX Quotation for 600,000 New Shares
Oct 6, 2026
Turaco Gold Ltd has applied to the Australian Securities Exchange for the quotation of 600,000 new ordinary fully paid shares, to be issued on October 6, 2026. The additional securities, arising from the exercise of options or conversion of other ...
Turaco Gold Issues 600,000 Shares Under Performance Rights Plan
Oct 6, 2026
Turaco Gold has issued 600,000 new ordinary shares following the exercise of unquoted performance rights granted under its Performance Rights Plan to eligible directors, employees and contractors. The issuance, detailed in an Appendix 2A lodged wi...
Turaco Gold Tightens Governance With Updated Securities Trading Policy
Sep 29, 2026
Turaco Gold Ltd has completed a review and update of its Securities Trading Policy, reflecting an effort to strengthen governance around share dealings by directors, executives, and other relevant personnel. The revised policy is intended to align...
Turaco Gold Issues 400,000 Unquoted Performance Rights Under Staff Incentive Plan
Sep 25, 2026
Turaco Gold Ltd has notified the market of the issue of 400,000 unquoted performance rights under its employee incentive scheme, effective September 25, 2026. The new securities, which are not intended to be quoted on the ASX, reflect the company&...
Turaco Gold’s Afema drilling boosts Begnopan resource growth and DFS outlook
Sep 15, 2026
Turaco Gold has reported further strong drilling results from the Begnopan Deposit at its Afema Gold Project in Côte d’Ivoire, confirming both depth and strike extensions as well as new sub-parallel zones of shallow mineralisation. The ...
Turaco Gold Affirms Robust Afema Project Metrics in Interim Report
Sep 11, 2026
Turaco Gold’s interim financial report for the half year to 30 June 2026 is framed by previously released technical and economic data for its flagship Afema gold project. The company reiterates that its key Mineral Resource, Ore Reserve, pro...
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...
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.