Tesoro Gold (AU:TSO)
ASX:TSO
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Tesoro Gold
(Sydney:TSO)
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Rating:49Neutral
Price Target:
AU$1.00
▲(0.00% Upside)
Action:Reiterated
Date:03/10/26
The score is primarily constrained by weak financial performance—ongoing losses and a sharp deterioration in free cash flow—partly offset by a strong, low-debt balance sheet. Technicals add downside pressure with price below key moving averages and a negative MACD, while valuation is neutral since negative earnings make P/E uninformative and no dividend yield is available.
Positive Factors
Low leverage / strong balance sheet
A very low debt load and sizable equity base provide durable financial flexibility for an exploration company. This reduces refinancing and insolvency risk, allows multi-year exploration programs without immediate debt pressure, and makes external fundraising less forced or dilutive.
Negative Factors
Severe negative free cash flow
Material and worsening free cash flow indicates the company cannot internally fund planned exploration and technical work. Persistently large cash burn increases the likelihood of near-term capital raises, which can dilute shareholders or force suboptimal financing, and heightens funding risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A very low debt load and sizable equity base provide durable financial flexibility for an exploration company. This reduces refinancing and insolvency risk, allows multi-year exploration programs without immediate debt pressure, and makes external fundraising less forced or dilutive.
Read all positive factors
Tesoro Gold (TSO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$171.84M
Dividend YieldN/A
Average Volume (3M)348.92K
Price to Earnings (P/E)―
Beta (1Y)1.26
Revenue GrowthN/A
EPS Growth-66.98%
CountryAU
Employees10
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.04
Shares Outstanding179,003,560
10 Day Avg. Volume499,497
30 Day Avg. Volume348,916
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)0.88
Price to Sales (P/S)235.55
P/FCF Ratio-3.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.80Price Target Upside180.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.03
Revenue Forecast (FY)N/A
Tesoro Gold Business Overview & Revenue Model
Company Description
Tesoro Gold Ltd focuses on identifying, exploring, and advancing natural resource ventures situated across Chile. Its primary asset is the expansive El Zorro gold project, which spans approximately 555 square kilometers in northern Chile. Establis...
How the Company Makes Money
null...
Tesoro Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.84K | 165.15K | 165.15K | 36.87K | 826.00 | 2.32K |
| Gross Profit | -41.90K | 165.15K | -62.29K | -31.30K | -61.62K | -42.30K |
| EBITDA | -4.32M | -1.91M | -222.75K | -2.79M | -5.26M | -5.52M |
| Net Income | -4.98M | -1.86M | -340.64K | -3.15M | -5.06M | -5.35M |
Balance Sheet | ||||||
| Total Assets | 87.64M | 47.43M | 37.68M | 42.31M | 31.11M | 29.86M |
| Cash, Cash Equivalents and Short-Term Investments | 22.17M | 3.89M | 302.01K | 2.82M | 3.95M | 13.73M |
| Total Debt | 220.19K | 261.89K | 32.80K | 86.14K | 108.94K | 111.35K |
| Total Liabilities | 1.85M | 1.13M | 694.84K | 1.26M | 987.24K | 1.87M |
| Stockholders Equity | 83.82M | 44.24M | 35.14M | 38.92M | 28.27M | 25.85M |
Cash Flow | ||||||
| Free Cash Flow | -4.72M | -11.20M | -5.28M | -9.86M | -19.32M | -13.55M |
| Operating Cash Flow | -2.00M | -1.35M | 29.44K | -1.58M | -2.15M | -1.15M |
| Investing Cash Flow | -21.68M | -9.85M | -5.31M | -8.28M | -17.17M | -12.40M |
| Financing Cash Flow | 42.79M | 18.17M | 2.73M | 8.52M | 9.87M | 21.39M |
Tesoro Gold Technical Analysis
Negative
1.00
Price Trends
1.02
Negative
1.02
Negative
1.02
Negative
Market Momentum
-0.01
Positive
45.73
Neutral
55.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TSO, the sentiment is Negative. The current price of 1 is above the 20-day moving average (MA) of 0.99, below the 50-day MA of 1.02, and below the 200-day MA of 1.02, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 45.73 is Neutral, neither overbought nor oversold. The STOCH value of 55.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TSO.
Tesoro Gold 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% | |
56 Neutral | AU$198.61M | -148.68 | -2.84% | ― | ― | -92.31% | |
53 Neutral | AU$128.66M | -14.38 | -20.31% | ― | ― | -323.13% | |
52 Neutral | AU$219.06M | -33.54 | -26.45% | ― | ― | -3250.00% | |
49 Neutral | AU$171.84M | -26.27 | -7.26% | ― | ― | -66.98% | |
47 Neutral | AU$152.97M | -114.58 | -10.71% | ― | ― | 22.77% | |
45 Neutral | AU$216.14M | -13.18 | -87.62% | ― | -100.00% | -2337.50% |
* Basic Materials Sector Average
AU:TSO
Tesoro Gold
0.91
0.55
152.78%
AU:PGL
Pilbara Gold
0.56
0.13
28.74%
AU:BGD
Barton Gold Holdings Limited
0.79
-0.01
-1.25%
AU:VTM
Victory Goldfields Limited
1.70
0.85
100.00%
AU:FXG
Felix Gold Ltd.
0.28
0.14
103.70%
AU:HRN
Horizon Gold Ltd
1.13
0.57
101.07%
Tesoro Gold Corporate Events
Tesoro Gold Secures Full Shareholder Support at Annual General Meeting
May 29, 2026
Tesoro Gold Limited reported that all resolutions put to shareholders at its annual general meeting on 29 May 2026 were passed by poll, confirming full shareholder support for the matters presented. The outcome reinforces the company’s curre...
Tesoro Gold Drilling at Ternera Yields Thick High-Grade Intercepts in Chile
Apr 29, 2026
Tesoro Gold reported new assay results from ten diamond drill holes at the Ternera deposit within its El Zorro Gold Project in Chile, confirming multiple thick, high-grade gold intercepts that demonstrate the scale and continuity of mineralisation...
Tesoro Gold Moves AGM Communications Online as It Advances Chile Gold Project
Apr 29, 2026
Tesoro Gold has notified shareholders that its annual general meeting will be held in Fremantle, Western Australia, on 29 May 2026, and that it will no longer post hard copies of the meeting notice unless specifically requested. Instead, sharehold...
Tesoro Gold Posts A$7.6m Quarterly Cash Outflow as Exploration Spend Rises
Apr 23, 2026
Tesoro Gold reported a quarterly cash flow showing no receipts from customers and a net operating cash outflow of A$705,000, driven mainly by staff, administration and corporate costs, partly offset by interest income and government grants. The co...
Tesoro Gold Advances El Zorro with High-Grade Drilling and Fast-Tracked DFS
Apr 23, 2026
Tesoro Gold reported a strong March quarter marked by high-grade extensional drilling results at the Ternera deposit, including new mineralisation up to 400 metres down plunge of the current open pit shell. The company also advanced an 80% complet...
Tesoro Gold Flags Lapse of 56,000 Performance Rights in Capital Update
Apr 17, 2026
Tesoro Gold Ltd has notified the market that 56,000 performance rights, trading under the ASX code TSOAB, have lapsed as of April 17, 2026. The cessation occurred because the conditions tied to these rights were not met or are no longer capable of...
Tesoro Gold Completes Sale Facility for Unmarketable Share Parcels
Apr 9, 2026
Tesoro Gold has completed an unmarketable parcel share sale facility designed to help small shareholders exit their positions without brokerage or handling costs that could make selling uneconomic. The move also streamlines the company’s sha...
Tesoro Gold Reschedules 2026 AGM as Chile Gold Project Advances
Apr 8, 2026
Tesoro Gold Limited has rescheduled its Annual General Meeting of shareholders, which will now take place at 10:00am WST on 29 May 2026 at the company’s premises on Cliff Street in Fremantle, Western Australia. The company also confirmed tha...
Tesoro Gold Revises Quarterly Cash Flow Report After Audit-Driven Reclassification
Apr 2, 2026
Tesoro Gold has issued a replacement of its Appendix 5B cash flow report for the December 2025 quarter after identifying an incorrect value under Item 2.1(d) caused by an administrative oversight. Following advice from its auditors during the FY20...
Tesoro Gold Nears Completion of Infill Drilling at Ternera Deposit Ahead of Resource Update
Mar 30, 2026
Tesoro Gold reported new assay results from 20 diamond drill holes at the Ternera Gold Deposit in Chile, part of an ongoing infill program exceeding 20,000 metres. The campaign, now about 85% complete, continues to deliver multiple thick, high-gra...
Tesoro Gold lodges updated corporate governance statement and Appendix 4G
Mar 26, 2026
Tesoro Gold has lodged its updated corporate governance statement for the year ended 31 December 2025, confirming that the document is available on its website and has been approved by the board as of 25 March 2026. The accompanying Appendix 4G se...
Tesoro Gold Details Governance Framework and Explains Committee Approach
Mar 26, 2026
Tesoro Gold has published its latest Corporate Governance Statement, confirming broad alignment with the ASX Corporate Governance Council’s fourth edition principles and recommendations for the 2025 financial year. The statement outlines whe...
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.