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TG Metals Ltd.
(Sydney:TG6)
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Rating:43Neutral
Price Target:
AU$0.19
▼(-12.27% Downside)
Action:Reiterated
Date:07/08/26
The score is held down primarily by a pre-revenue financial profile with ongoing losses and significant negative cash flow (especially free cash flow), despite low balance-sheet leverage. Technicals are modestly weak with the price below key moving averages and a negative MACD, while valuation is constrained by negative earnings and no dividend yield.
Positive Factors
Low leverage / balance sheet flexibility
Very low debt (debt-to-equity ~0.01) meaningfully lowers default and refinancing risk for a pre-revenue explorer. That structural balance-sheet strength gives management flexibility to fund staged exploration or capital raises with less immediate solvency pressure, supporting survival and option value over the next 2–6 months.
Negative Factors
Pre-revenue with persistent losses
The company remains pre-revenue and repeatedly reports operating losses, meaning no internal cash generation to fund operations. Structurally this forces reliance on external financing, increases execution risk, and leaves the business vulnerable to capital market dislocations until it can demonstrate repeatable revenue generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / balance sheet flexibility
Very low debt (debt-to-equity ~0.01) meaningfully lowers default and refinancing risk for a pre-revenue explorer. That structural balance-sheet strength gives management flexibility to fund staged exploration or capital raises with less immediate solvency pressure, supporting survival and option value over the next 2–6 months.
Read all positive factors
TG Metals Ltd. (TG6) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$32.52M
Dividend YieldN/A
Average Volume (3M)194.51K
Price to Earnings (P/E)―
Beta (1Y)1.43
Revenue GrowthN/A
EPS Growth6.36%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding135,499,050
10 Day Avg. Volume332,387
30 Day Avg. Volume194,508
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.72
Price to Sales (P/S)0.00
P/FCF Ratio-1.31
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
TG Metals Ltd. Business Overview & Revenue Model
Company Description
TG Metals Limited is an Australian company dedicated to the discovery, exploration, and development of mineral resources across Western Australia. Their exploration efforts primarily target deposits of nickel, lithium, and gold. A cornerstone of t...
TG Metals Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -82.71K | -39.80K | -98.15K | 0.00 | 0.00 | -755.00 |
| EBITDA | -1.22M | -1.48M | -2.25M | -1.18M | -2.03M | 0.00 |
| Net Income | -2.86M | -1.42M | -2.28M | -1.21M | -2.03M | -55.97K |
Balance Sheet | ||||||
| Total Assets | 18.70M | 13.80M | 14.01M | 5.28M | 6.20M | 456.33K |
| Cash, Cash Equivalents and Short-Term Investments | 3.59M | 734.92K | 8.05M | 3.79M | 5.71M | 184.73K |
| Total Debt | 106.95K | 133.74K | 8.70K | 40.67K | 0.00 | 0.00 |
| Total Liabilities | 1.58M | 1.42M | 981.29K | 181.55K | 98.08K | 15.97K |
| Stockholders Equity | 17.12M | 12.37M | 13.03M | 5.09M | 6.11M | 440.37K |
Cash Flow | ||||||
| Free Cash Flow | -4.81M | -6.74M | -5.25M | -931.39K | -167.58K | -396.00 |
| Operating Cash Flow | -1.08M | -1.05M | -1.74M | -967.00 | -468.00 | -36.00 |
| Investing Cash Flow | -6.73M | -6.19M | -3.51M | -930.42K | -167.12K | -360.00 |
| Financing Cash Flow | 6.09M | -72.68K | 9.51M | -20.52K | 6.16M | 643.00 |
TG Metals Ltd. Technical Analysis
Neutral
0.22
Price Trends
0.20
Positive
0.20
Positive
0.19
Positive
Market Momentum
0.02
Negative
50.59
Neutral
24.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TG6, the sentiment is Neutral. The current price of 0.22 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.20, and above the 200-day MA of 0.19, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 50.59 is Neutral, neither overbought nor oversold. The STOCH value of 24.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:TG6.
TG Metals Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$17.26M | -2.85 | -129.04% | ― | 445.43% | 47.23% | |
46 Neutral | AU$16.41M | -35.00 | -4.78% | ― | ― | 16.67% | |
45 Neutral | AU$21.62M | -1.06 | -7.37% | ― | ― | -34.88% | |
44 Neutral | AU$14.35M | -12.50 | -10.37% | ― | ― | -495.65% | |
43 Neutral | AU$32.52M | -10.91 | -19.40% | ― | ― | 6.36% | |
41 Neutral | AU$17.66M | -4.19 | -23.19% | ― | ― | 88.91% |
* Basic Materials Sector Average
AU:TG6
TG Metals Ltd.
0.22
0.02
10.00%
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TG Metals Ltd. Corporate Events
TG Metals Strikes Profit-Share Ore Deal for Van Uden Stockpiles
Jul 21, 2026
TG Metals Ltd has entered a non-binding Ore Processing and Profit Share agreement with Medallion Metals to treat about 60,000 tonnes of gold-bearing stockpiles from the Van Uden Gold Project at the Cosmic Boy Concentrator. Medallion will manage tr...
Medallion Metals strikes profit-share processing deal with TG Metals
Jul 21, 2026
Medallion Metals has signed a non-binding term sheet with TG Metals to process around 60,000 tonnes of gold-bearing stockpiles from TG Metals’ Van Uden Gold Project through Medallion’s Cosmic Boy Concentrator in Western Australia. The ...
TG Metals Drilling Expands Laterite Gold Potential at Van Uden
Jul 8, 2026
TG Metals Ltd. has reported results from a 213-hole auger drilling program at its Van Uden Gold Project that confirm widespread near-surface laterite-hosted gold mineralisation beyond the current resource footprint. The new intersections significa...
TG Metals Issues 649,386 Unquoted Performance Rights Under Employee Incentive Plan
Jun 19, 2026
TG Metals Ltd has issued 649,386 unquoted performance rights under its employee incentive scheme, effective June 19, 2026. The new securities, which will not be quoted on the ASX, expand the company’s pool of performance-based equity, signal...
TG Metals Advances Lake Johnston Lithium Project with Burmeister Mining Lease Application
May 31, 2026
TG Metals has lodged a mining lease application over the Burmeister lithium deposit at its Lake Johnston Lithium Project in Western Australia, advancing the project toward potential development. The deposit hosts an exploration target of 15.6̵...
TG Metals Starts Drilling to Expand Van Uden Laterite Gold Resource
May 27, 2026
TG Metals has secured approvals for a new auger drilling program targeting laterite gold mineralisation outside its current Mineral Resource Estimate at the Van Uden Gold Project in Western Australia. The campaign aims to test soil anomalies aroun...
TG Metals Targets Near-Term Cashflow With High-Recovery Heap Leach Plan at Van Uden
Apr 30, 2026
TG Metals Ltd. has reported exceptional initial metallurgical results from column leach testwork on laterite ore at its Van Uden Gold Project in Western Australia, achieving 88% gold recovery after just 35 days and successful agglomeration at a co...
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.