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TG Metals Ltd.
(Sydney:TG6)
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Rating:46Neutral
Price Target:
AU$0.20
â–Ľ(-10.91% Downside)
Action:Reiterated
Date:09/23/26
The score is primarily held down by weak financial performance—no revenue, ongoing losses, and continued cash burn implying reliance on external funding—despite the offsetting strength of a low-leverage balance sheet. Technicals are mixed (near-term below the 20-day average but above longer-term averages), while valuation is unattractive due to negative earnings and no dividend support.
Positive Factors
Low leverage and conservative balance sheet
Very low debt relative to equity and assets reduces solvency risk and limits interest burdens while the company remains early stage. This conservative capital structure preserves financial flexibility to fund exploration or development and provides greater resilience than a highly leveraged balance sheet.
Negative Factors
No revenue and pre-revenue operating profile
A continued absence of revenue means the business has not yet demonstrated commercial scale, customer monetisation, or a recurring operating engine. This leaves future funding and value creation dependent on converting its early-stage activities into revenue over the coming periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and conservative balance sheet
Very low debt relative to equity and assets reduces solvency risk and limits interest burdens while the company remains early stage. This conservative capital structure preserves financial flexibility to fund exploration or development and provides greater resilience than a highly leveraged balance sheet.
Read all positive factors
TG Metals Ltd. (TG6) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$28.59M
Dividend YieldN/A
Average Volume (3M)154.11K
Price to Earnings (P/E)―
Beta (1Y)1.37
Revenue GrowthN/A
EPS Growth-20.31%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding136,155,300
10 Day Avg. Volume114,836
30 Day Avg. Volume154,111
Financial Highlights & Ratios
PEG Ratio-0.42
Price to Book (P/B)1.24
Price to Sales (P/S)0.00
P/FCF Ratio-12.71
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
18
Very Negative
Balance Sheet
66
Positive
Cash Flow
28
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -93.21K | -39.80K | -98.15K | 0.00 | 0.00 |
| EBITDA | -2.56M | -1.48M | -2.25M | -1.18M | 0.00 |
| Net Income | -2.57M | -1.42M | -2.28M | -1.21M | -2.03M |
Balance Sheet | |||||
| Total Assets | 17.40M | 13.80M | 14.01M | 5.28M | 6.20M |
| Cash, Cash Equivalents and Short-Term Investments | 641.91K | 734.92K | 8.05M | 3.79M | 5.71M |
| Total Debt | 90.58K | 133.74K | 8.70K | 40.67K | 0.00 |
| Total Liabilities | 1.08M | 1.42M | 981.29K | 181.55K | 98.08K |
| Stockholders Equity | 16.32M | 12.37M | 13.03M | 5.09M | 6.11M |
Cash Flow | |||||
| Free Cash Flow | -1.59M | -6.74M | -5.25M | -931.39K | -167.58K |
| Operating Cash Flow | -1.58M | -1.05M | -1.74M | -967.00 | -468.00 |
| Investing Cash Flow | -4.60M | -6.19M | -3.51M | -930.42K | -167.12K |
| Financing Cash Flow | 6.08M | -72.68K | 9.51M | -20.52K | 6.16M |
TG Metals Ltd. Technical Analysis
Neutral
0.22
Price Trends
0.21
Negative
0.20
Positive
0.19
Positive
Market Momentum
>-0.01
Positive
45.67
Neutral
37.04
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 below the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.21, and above the 200-day MA of 0.19, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.67 is Neutral, neither overbought nor oversold. The STOCH value of 37.04 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% | |
50 Neutral | AU$16.75M | -8.87 | -16.50% | ― | ― | 93.40% | |
50 Neutral | AU$13.72M | -4.01 | -33.36% | ― | ― | -495.65% | |
46 Neutral | AU$28.59M | -8.66 | -15.35% | ― | ― | -20.31% | |
46 Neutral | AU$16.79M | 10.94 | 22.53% | ― | 739.65% | ― | |
46 Neutral | AU$18.08M | -2.31 | -3.88% | ― | ― | 61.90% | |
45 Neutral | AU$14.07M | -9.88 | -8.30% | ― | ― | -40.00% |
* Basic Materials Sector Average
AU:TG6
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TG Metals Ltd. Corporate Events
TG Metals Corrects Lake Johnston Lithium Resource Figures in Annual Report
Sep 21, 2026
TG Metals Ltd. has issued a correction to the Chairperson’s Letter in its 2026 Annual Report, clarifying previously misstated figures for the Lake Johnston lithium project. The revised disclosure confirms a maiden resource at the Burmeister ...
TG Metals Files Updated Corporate Governance Statement with ASX
Sep 21, 2026
TG Metals Limited has lodged its updated corporate governance statement for the financial year ended 30 June 2026 and confirmed it is available on its website.The company also submitted the accompanying Appendix 4G, outlining how it complies with ...
TG Metals sets out 2026 corporate governance framework aligned with ASX principles
Sep 21, 2026
TG Metals Limited has released its 2026 corporate governance statement, confirming that its board framework is based on the ASX Corporate Governance Council’s fourth-edition principles and the ASX Listing Rule 4.10.3 disclosure regime. The d...
TG Metals releases audited 2026 annual report
Sep 21, 2026
TG Metals Ltd has released its annual report for the year ended 30 June 2026, providing audited consolidated financial statements, directors’ reports and corporate governance information. The publication offers stakeholders a comprehensive v...
TG Metals Director Richard Bevan Increases Indirect Shareholding via Placement
Sep 18, 2026
TG Metals has disclosed a change in director Richard Bevan’s indirect interest in the company, following a recent share placement. Through a trust account held with Sara Bevan, his holding of ordinary fully paid shares increased from 1,725,0...
TG Metals Issues 3 Million Unlisted Options in Capital Structure Move
Sep 16, 2026
TG Metals Ltd. has notified the market of the issuance of 3,000,000 unquoted options, exercisable at $0.24 and expiring on 16 September 2029. The options form part of previously announced transactions and are not intended to be quoted on the ASX, ...
TG Metals Seeks ASX Quotation for 656,250 New Shares
Sep 16, 2026
TG Metals Ltd., listed on the ASX under ticker TG6, has disclosed an issue of additional ordinary fully paid shares as part of its ongoing capital market activities. The company’s latest filing reflects its engagement with equity markets and...
TG Metals Shareholders Back Capital-Raising Resolutions at General Meeting
Sep 16, 2026
TG Metals Ltd. reported that all resolutions put to shareholders at its 16 September 2026 general meeting were passed on a poll, reflecting strong investor support. The approved items included ratification of a prior issue of Tranche 1 placement s...
TG Metals advances dual gold–lithium strategy in Western Australia
Aug 25, 2026
TG Metals Ltd. is an Australia-based exploration and development company focused on advancing gold and lithium assets in Western Australia. Listed on the ASX under ticker TG6, it is building a dual-commodity platform targeting near-term gold produ...
TG Metals Unveils Maiden Lithium Resource at Lake Johnston
Aug 17, 2026
TG Metals has declared a maiden Mineral Resource Estimate of 6.7Mt at 1.2% Li2O for the Burmeister spodumene lithium deposit at Lake Johnston, tailored for the Direct Shipping Ore market. Metallurgical testwork indicates the potential to produce a...
TG Metals Sets September General Meeting, Moves to Digital Proxy Voting
Aug 14, 2026
TG Metals Ltd. has called a General Meeting of shareholders to be held in person in Perth, Western Australia, on 16 September 2026 at 10:00am AWST. The meeting materials, including the Notice of Meeting and Explanatory Memorandum, are available on...
TG Metals Raises Capital Through Institutional Share Placement
Aug 9, 2026
TG Metals Ltd has issued 14,968,750 new shares at $0.16 each to institutional and sophisticated investors under a recently announced placement, providing additional capital to the company. The board confirmed the shares were issued without a prosp...
TG Metals Seeks ASX Quotation for Nearly 15 Million New Shares
Aug 9, 2026
TG Metals Ltd has applied for the quotation of 14,968,750 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 10 August 2026. The additional securities, lodged via an Appendix 2A, will expand the companyR...
TG Metals Plans Share and Option Issue to Bolster Capital Base
Aug 3, 2026
TG Metals has lodged an Appendix 3B with the ASX detailing a proposed capital raise through a placement and related issue of securities. The company plans to issue up to 15,625,000 fully paid ordinary shares and 3,000,000 unlisted options exercisa...
TG Metals raises A$2.5 million to drive gold and lithium project development
Aug 3, 2026
TG Metals Ltd has secured firm commitments to raise A$2.5 million via a placement of 15.625 million new shares at A$0.16 each, strongly supported by institutional and sophisticated investors as well as company directors and management. The funding...
TG Metals boosts Van Uden gold resources and advances lithium development
Jul 31, 2026
TG Metals reported a strong June quarter marked by progress at its Van Uden Gold Project, where an updated mineral resource estimate lifted total pit-constrained resources to 7.9 million tonnes at 1.1 grams per tonne gold for 270,800 ounces and mo...
TG Metals Seeks ASX Trading Halt Ahead of Capital Raising Announcement
Jul 31, 2026
TG Metals Limited has requested and received a trading halt on its securities from the ASX, with the halt in effect until either the release of a pending announcement or the commencement of normal trading on 4 August 2026. The company has indicate...
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...
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.