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Tesoro Gold
(Sydney:TSO)
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Rating:51Neutral
Price Target:
AU$0.92
▼(-10.29% Downside)
Action:Reiterated
Date:08/21/26
The score is primarily constrained by weak financial performance—minimal/volatile revenue, persistent losses, and ongoing cash burn—despite a low-debt balance sheet. Technicals provide some support as the stock is above major moving averages with moderately positive momentum. Valuation is tempered by unprofitable earnings (negative P/E) and the absence of a dividend yield.
Positive Factors
Very low leverage
Very low leverage limits interest burden and reduces balance-sheet risk while the company advances its exploration assets. This gives management more financial flexibility than a highly indebted explorer, although it does not by itself establish profitability or eliminate future funding needs.
Negative Factors
Persistent unprofitability
The company is not yet covering operating costs, with immaterial or absent revenue and losses that have deepened over time. Persistent negative EBIT and EBITDA reduce financial self-sufficiency and mean future project progress remains dependent on funding before commercial returns emerge.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Very low leverage limits interest burden and reduces balance-sheet risk while the company advances its exploration assets. This gives management more financial flexibility than a highly indebted explorer, although it does not by itself establish profitability or eliminate future funding needs.
Read all positive factors
Tesoro Gold (TSO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$163.56M
Dividend Yield2571.81%
Average Volume (3M)163.97K
Price to Earnings (P/E)―
Beta (1Y)0.98
Revenue GrowthN/A
EPS Growth-29.82%
CountryAU
Employees10
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.04
Shares Outstanding179,736,160
10 Day Avg. Volume231,697
30 Day Avg. Volume163,970
Financial Highlights & Ratios
PEG Ratio-0.26
Price to Book (P/B)1.92
Price to Sales (P/S)0.00
P/FCF Ratio-54.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.42Price Target Upside137.25% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.06
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...
Tesoro Gold Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
63
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.84K | 0.00 | 165.15K | 165.15K | 36.87K | 826.00 |
| Gross Profit | -41.90K | -125.69K | 165.15K | -62.29K | -31.30K | -61.62K |
| EBITDA | -4.32M | -4.37M | -1.91M | -222.75K | -2.79M | -5.26M |
| Net Income | -4.98M | -4.98M | -1.86M | -340.64K | -3.15M | -5.06M |
Balance Sheet | ||||||
| Total Assets | 87.64M | 87.64M | 47.43M | 37.68M | 42.31M | 31.11M |
| Cash, Cash Equivalents and Short-Term Investments | 22.17M | 22.17M | 3.89M | 302.01K | 2.82M | 3.95M |
| Total Debt | 220.19K | 220.19K | 261.89K | 32.80K | 86.14K | 108.94K |
| Total Liabilities | 1.85M | 1.85M | 1.13M | 694.84K | 1.26M | 987.24K |
| Stockholders Equity | 83.82M | 83.82M | 44.24M | 35.14M | 38.92M | 28.27M |
Cash Flow | ||||||
| Free Cash Flow | -4.72M | -2.95M | -11.20M | -5.28M | -9.86M | -19.32M |
| Operating Cash Flow | -2.00M | -2.86M | -1.35M | 29.44K | -1.58M | -2.15M |
| Investing Cash Flow | -21.68M | -21.68M | -9.85M | -5.31M | -8.28M | -17.17M |
| Financing Cash Flow | 42.79M | 42.79M | 18.17M | 2.73M | 8.52M | 9.87M |
Tesoro Gold Technical Analysis
Negative
1.02
Price Trends
0.94
Negative
0.92
Negative
0.99
Negative
Market Momentum
>-0.01
Negative
48.02
Neutral
32.32
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 1.02 is above the 20-day moving average (MA) of 0.91, above the 50-day MA of 0.94, and above the 200-day MA of 0.99, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.02 is Neutral, neither overbought nor oversold. The STOCH value of 32.32 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | AU$219.59M | -102.75 | -3.46% | ― | ― | -75.76% | |
51 Neutral | AU$163.56M | -22.59 | -5.94% | 2571.81% | ― | -29.82% | |
48 Neutral | AU$229.76M | -9.05 | -80.60% | ― | -100.00% | -1011.90% | |
47 Neutral | AU$102.97M | -6.64 | -27.74% | ― | ― | 75.42% | |
46 Neutral | AU$172.51M | -32.83 | -20.08% | ― | ― | -21.85% | |
43 Neutral | AU$82.62M | -7.14 | -18.80% | ― | ― | -133.33% |
* General Sector Average
AU:TSO
Tesoro Gold
0.91
-0.07
-7.08%
AU:PGL
Pilbara Gold
0.41
-0.19
-31.55%
AU:BGD
Barton Gold Holdings Limited
0.83
-0.36
-30.25%
AU:VTM
Victory Goldfields Limited
1.26
0.06
5.46%
AU:FXG
Felix Gold Ltd.
0.14
-0.54
-79.26%
AU:HRN
Horizon Gold Ltd
1.07
0.31
39.87%
Tesoro Gold Corporate Events
Tesoro Gold Expands Ternera Drilling After New Mineralisation Hits
Oct 21, 2026
Tesoro Gold has reported initial assay results from growth drilling at the Ternera Gold Deposit, where holes at Ternera East have intersected multiple zones of gold mineralisation up to 300 metres beyond the current mineral resource and planned op...
Tesoro Gold Details Progress and Risks at El Zorro Project
Sep 21, 2026
Tesoro Gold has released a presentation on the El Zorro Gold Project, highlighting rapid progress towards development and the establishment of a maiden ore reserve at the Ternera deposit. The company underscores that recent mineral resource upgrad...
Tesoro Gold Director Adjusts Performance Rights Holding
Sep 18, 2026
Tesoro Gold has reported a change in the indirect interests of director Linton Putland, relating to securities held via the Putland Family Trust. The disclosure, lodged under ASX requirements, records the disposal of 360,000 Class E Performance Ri...
Tesoro Gold Locks In 1.28Moz Maiden Reserve at Chile’s Ternera Deposit
Sep 17, 2026
Tesoro Gold has announced a maiden Ore Reserve of 42.8 million tonnes at 0.93 grams per tonne gold, totaling 1.28 million ounces at its Ternera Gold Deposit within the El Zorro Project in Chile. The reserve sits entirely within a single open pit a...
Tesoro Gold Secures 1.28Moz Maiden Reserve to Anchor 13-Year Ternera Mine Plan
Sep 17, 2026
Tesoro Gold has announced a maiden Ore Reserve of 42.8Mt at 0.93g/t gold for 1.28Moz at the Ternera deposit within its El Zorro Gold Project in Chile, all contained in a single planned open pit. The reserve converts about 87% of the measured and i...
Tesoro Gold Issues Interim Financial Reports Aligned With 2025 Annual Filing
Sep 10, 2026
Tesoro Gold has released a set of interim financial documents, including directors’ reports, consolidated financial statements, and an independent auditor’s review report. The materials are intended to be read alongside the companyR...
Tesoro Gold Boosts Ternera Resource to 1.8Moz, Lifts Confidence Ahead of Maiden Ore Reserve
Aug 26, 2026
Tesoro Gold has delivered an upgraded mineral resource estimate for the Ternera Gold Deposit at its El Zorro Gold Project in Chile, now standing at 51.6 million tonnes at 1.10 grams per tonne gold for 1.82 million ounces, reported within a US$3,50...
Tesoro Gold Wraps Ternera Infill Drilling, Shifts Focus to Growth at El Zorro
Aug 19, 2026
Tesoro Gold has completed an 80-hole, more than 27,000m infill diamond drilling program at the Ternera Gold Deposit, reporting final assays that show multiple wide, high-grade gold intercepts. The data from these 17 remaining holes will support an...
Tesoro Gold Issues New Unquoted Performance Rights Under Incentive Plan
Jul 31, 2026
Tesoro Gold Ltd has notified the market of the issuance of 2,183,500 unquoted performance rights under its employee incentive scheme. The securities, identified by ASX code TSOAB, were issued on July 31, 2026, and are not intended to be quoted on ...
Tesoro Gold Maintains Strong Cash Position Amid Heavy Exploration Spend
Jul 31, 2026
Tesoro Gold reported a modest net operating cash outflow of A$109,000 for the June 2026 quarter, driven mainly by staff and corporate costs, with interest income and government grants cushioning the impact. The company remains non-revenue generati...
Tesoro Gold Advances El Zorro Project and Strengthens Chilean Platform
Jul 30, 2026
Tesoro Gold reported significant progress at its El Zorro Gold Project during the June quarter, advancing definitive feasibility study workstreams while completing metallurgical and geotechnical drilling. Infill drilling at the Ternera deposit nea...
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.