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Thunder Gold
(TGOL)
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Rating:55Neutral
Price Target:
C$0.14
▼(-20.00% Downside)
Action:Reiterated
Date:09/18/26
The score is primarily constrained by pre-revenue fundamentals with ongoing losses and cash burn (raising dilution/financing risk), partially offset by a debt-free, well-capitalized balance sheet. Technicals provide moderate support with a generally improving longer-term trend and neutral momentum, while valuation is penalized by negative earnings and the absence of dividend yield.
Positive Factors
Debt-Free Balance Sheet
The absence of reported debt limits interest obligations and reduces financial risk while the company funds exploration. This gives management greater flexibility in allocating available capital and avoids the added refinancing pressure that leveraged issuers may face during prolonged pre-revenue development.
Negative Factors
Pre-Revenue Business Model
With no reported revenue, Thunder Gold has not established an operating income stream from its exploration assets. Its financial outlook therefore depends on discovering and monetizing projects in the future, leaving results highly dependent on exploration progress rather than established commercial demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
The absence of reported debt limits interest obligations and reduces financial risk while the company funds exploration. This gives management greater flexibility in allocating available capital and avoids the added refinancing pressure that leveraged issuers may face during prolonged pre-revenue development.
Read all positive factors
Thunder Gold (TGOL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$45.73M
Dividend YieldN/A
Average Volume (3M)310.76K
Price to Earnings (P/E)―
Beta (1Y)1.17
Revenue GrowthN/A
EPS Growth56.25%
CountryCA
Employees2
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding326,631,300
10 Day Avg. Volume305,516
30 Day Avg. Volume310,765
Financial Highlights & Ratios
PEG Ratio0.91
Price to Book (P/B)1.90
Price to Sales (P/S)0.00
P/FCF Ratio-25.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$0.60Price Target Upside233.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Thunder Gold Business Overview & Revenue Model
Company Description
Thunder Gold Corp., a junior exploration company, engages in the acquisition, exploration, and development of mining properties in Canada. The company’s flagship property includes the Tower Mountain gold project that consists of 189 single cell mi...
How the Company Makes Money
Thunder Gold Corp. does not typically generate operating revenue in the way product or service companies do; as an exploration-stage issuer, its economic model generally depends on raising capital to fund exploration and corporate overhead until a...
Thunder Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -22.27K | -20.89K | -14.93K | -13.07K | -10.08K | -3.85K |
| EBITDA | -1.33M | -1.67M | -1.13M | -646.18K | -993.99K | -950.44K |
| Net Income | -637.32K | -409.16K | -1.15M | -690.75K | 455.57K | -1.07M |
Balance Sheet | ||||||
| Total Assets | 16.01M | 14.90M | 8.91M | 7.61M | 9.78M | 7.39M |
| Cash, Cash Equivalents and Short-Term Investments | 3.64M | 4.72M | 1.19M | 828.39K | 1.83M | 1.67M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 276.18K | 411.55K | 36.08K | 47.83K | 884.67K | 183.73K |
| Stockholders Equity | 15.74M | 14.49M | 8.88M | 7.56M | 8.89M | 7.18M |
Cash Flow | ||||||
| Free Cash Flow | -1.70M | -1.09M | -932.39K | -692.60K | -691.46K | -514.11K |
| Operating Cash Flow | -1.65M | -1.06M | -881.13K | -692.60K | -641.65K | -500.54K |
| Investing Cash Flow | -2.53M | -1.31M | -600.37K | -328.41K | -755.48K | -2.38M |
| Financing Cash Flow | 5.66M | 5.98M | 2.07M | 0.00 | 1.08M | 1.83M |
Thunder Gold Technical Analysis
Neutral
0.18
Price Trends
0.16
Negative
0.14
Negative
0.13
Positive
Market Momentum
>-0.01
Positive
46.49
Neutral
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TGOL, the sentiment is Neutral. The current price of 0.18 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.16, and above the 200-day MA of 0.13, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.49 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:TGOL.
Thunder 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% | |
55 Neutral | C$45.73M | -63.64 | -4.84% | ― | ― | 56.25% | |
48 Neutral | C$25.15M | -28.21 | -2.04% | ― | ― | 18.98% | |
46 Neutral | C$17.44M | -9.24 | -12.64% | ― | ― | 53.20% | |
43 Neutral | C$10.44M | -3.20 | -306.36% | ― | ― | -442.00% | |
40 Underperform | C$7.43M | -2.35 | 780.13% | ― | ― | -53.64% |
* General Sector Average
TSE:TGOL
Thunder Gold
0.14
0.08
115.38%
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Thunder Gold Corporate Events
Business Operations and Strategy
Thunder Gold Extends Continuous Gold Mineralization at Tower Mountain
Positive
Oct 26, 2026
Thunder Gold reported infill diamond drill results from the Bench Target at Tower Mountain that show long intervals of continuous gold mineralization, including 0.527 g/t gold over 290.1 metres and 0.407 g/t gold over 336.0 metres. The company sai...
Business Operations and Strategy
Thunder Gold Extends Tower Mountain Mineralization and Launches Deep MT Survey
Positive
Oct 13, 2026
Thunder Gold reported infill diamond drilling at the Bench Target on its Tower Mountain property, with hole TM25-186/186X delivering a 411.0‑metre intersection averaging 0.514 g/t gold and continuous mineralization from near surface to 501.0...
Business Operations and StrategyFinancial Disclosures
Thunder Gold’s New Drill Hits at Tower Mountain Hint at Lower Strip Ratios and Resource Upside
Positive
Sep 17, 2026
Thunder Gold Corp., a junior gold exploration company listed on the TSXV, FSE and OTCQB, is advancing its flagship Tower Mountain Property west of Thunder Bay, Ontario. The project targets bulk-tonnage gold mineralization within the Tower Mountain...
Business Operations and Strategy
Thunder Gold Extends Tower Mountain Gold Zone With Long Mineralized Interval
Positive
Aug 17, 2026
Thunder Gold reported new diamond drill results from the Bench Target at its Tower Mountain Property, where extension hole TM21-107X intersected 228.5 metres of continuous gold mineralization averaging 0.557 g/t, contributing to a combined 340.4-m...
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.