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Thunder Gold
(TGOL)
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Rating:53Neutral
Price Target:
C$0.18
▲(1.67% Upside)
Action:Reiterated
Date:08/24/26
The score is held back primarily by weak financial performance (no revenue, ongoing operating losses, and persistent negative free cash flow), despite the benefit of zero reported debt. Technicals are comparatively strong with price above key moving averages and positive MACD, while valuation remains unfavorable due to a negative P/E and no dividend support. A positive drilling milestone modestly improves the outlook but does not offset the underlying cash-burn profile.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet limits interest and refinancing risk, preserving financial flexibility as Thunder Gold advances exploration. This structure can help the company fund activity without the added constraints and potential covenant pressure associated with leverage.
Negative Factors
No operating revenue
The absence of revenue shows that Thunder Gold has not yet converted its exploration assets into an operating business. Until a resource is developed or a commercial project emerges, financial performance remains dependent on external funding and exploration success.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet limits interest and refinancing risk, preserving financial flexibility as Thunder Gold advances exploration. This structure can help the company fund activity without the added constraints and potential covenant pressure associated with leverage.
Read all positive factors
Thunder Gold (TGOL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$55.87M
Dividend YieldN/A
Average Volume (3M)928.93K
Price to Earnings (P/E)―
Beta (1Y)1.46
Revenue GrowthN/A
EPS Growth80.00%
CountryCA
Employees2
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding319,262,120
10 Day Avg. Volume580,608
30 Day Avg. Volume928,934
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...
Thunder Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -20.89K | -14.93K | -13.07K | -10.08K | -3.85K |
| EBITDA | -1.67M | -1.13M | -646.18K | -993.99K | -950.44K |
| Net Income | -409.16K | -1.15M | -690.75K | 455.57K | -1.07M |
Balance Sheet | |||||
| Total Assets | 14.90M | 8.91M | 7.61M | 9.78M | 7.39M |
| Cash, Cash Equivalents and Short-Term Investments | 4.72M | 1.19M | 828.39K | 1.83M | 1.67M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 411.55K | 36.08K | 47.83K | 884.67K | 183.73K |
| Stockholders Equity | 14.49M | 8.88M | 7.56M | 8.89M | 7.18M |
Cash Flow | |||||
| Free Cash Flow | -1.09M | -932.39K | -692.60K | -691.46K | -514.11K |
| Operating Cash Flow | -1.06M | -881.13K | -692.60K | -641.65K | -500.54K |
| Investing Cash Flow | -1.31M | -600.37K | -328.41K | -755.48K | -2.38M |
| Financing Cash Flow | 5.98M | 2.07M | 0.00 | 1.08M | 1.83M |
Thunder Gold Technical Analysis
Positive
0.18
Price Trends
0.14
Positive
0.13
Positive
0.11
Positive
Market Momentum
0.01
Positive
55.10
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TGOL, the sentiment is Positive. The current price of 0.18 is above the 20-day moving average (MA) of 0.18, above the 50-day MA of 0.14, and above the 200-day MA of 0.11, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 55.10 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
53 Neutral | C$55.87M | -154.17 | -3.46% | ― | ― | 80.00% | |
53 Neutral | C$34.14M | -37.28 | -2.04% | ― | ― | 18.98% | |
49 Neutral | C$10.22M | -5.05 | 1370.68% | ― | ― | -15.12% | |
46 Neutral | C$21.04M | -11.46 | -12.64% | ― | ― | 53.20% | |
45 Neutral | C$13.29M | -4.07 | -306.36% | ― | ― | -442.00% |
* General Sector Average
TSE:TGOL
Thunder Gold
0.19
0.11
164.29%
TSE:VCG
Callinex Mines
1.48
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TSE:ROX
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0.05
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-28.57%
TSE:STE
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0.36
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TSE:WLF
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0.07
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-56.13%
Thunder Gold Corporate Events
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.