TURACO GOLD LIMITED (TCG)
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TCG

TCG - TURACO GOLD LIMITED

FNArena Sector : Gold & Silver
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: -0
Index: ASX300 | ALL-ORDS

Turaco Gold is a West African gold exploration and development company focused on the Afema Gold Project in Côte d’Ivoire.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.59

30 Jul
2026

-0.025

OPEN

$0.61

-4.07%

HIGH

$0.62

1,704,200

LOW

$0.59

TARGET
$1.093 85.3% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
TCG: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 2.4 - 1.6 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-2.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx10.4
Net Operating Cash Flow xxxxxxxxxxxxxxx-28.4 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-28.07 %
Return on Invested Capital xxxxxxxxxxxxxxx-28.07 %
Return on Assets xxxxxxxxxxxxxxx-26.50 %
Return on Equity xxxxxxxxxxxxxxx-28.07 %
Return on Total Capital xxxxxxxxxxxxxxx-43.67 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-28.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx0 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx72 M
Price To Book Value xxxxxxxxxxxxxxx8.04

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx1.2 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx34 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

29/06/2026

1

Downgrade to Speculative Buy from Buy

$1.18

100.00%

Morgans transfers coverage of Turaco Gold to Flynn Tyson and downgrades the stock to Speculative Buy from Buy with a new target price of $1.18 from $2.19.

The definitive feasibility study for Afema has been announced with a circa 200kozpa open pit gold operation with a 10-year-plus mine life. The analyst points out the maiden ore reserve of 1.91Moz which is viewed as a significant 'de-risking' event for the miner.

The post-tax NPV5 of US$2.1bn includes an internal rate of return of 79% and a 13-month payback at US$43,500/oz. Initial capex is US$442m and life of mine AISC US$1,508/oz.

Morgans believes the current valuation ascribed to the stock doesn't discount the future long-term value of Afema, as well as exploration upside.

FORECAST
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.50 cents.
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -1.60 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

30/07/2026

1

Speculative Buy

$1.35

128.81%

Canaccord Genuity maintains a Speculative Buy rating for Turaco Gold with a $1.35 target price following deep drilling results beneath the Woulo Woulo deposit at the Afema project in Cote d'Ivoire.

Intersects extended mineralisation 250m vertically below previous drilling and beneath the current Pre-Feasibility Study pit shell, headlined by 100m at 1.06g/t gold from 495m.

Results follow a recent study outlining a maiden Ore Reserve of 1.9Moz supporting average production of 196kozpa over a 10-year mine life.

Higher-grade intervals within broad deep intercepts demonstrate potential for shoot development suitable for future underground evaluation.

The analyst considers ongoing resource growth across regional targets a key driver capable of enhancing mine life, grade scheduling, and overall project economics ahead of a Definitive Feasibility Study targeted for mid-2027.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents.
Access Extra Coverage Research History >

TCG STOCK CHART

FNArena News on TCG

1
Australian Broker Call *Extra* Edition – Jul 30, 2026

Jul 30 2026 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Jul 27, 2026

Jul 27 2026 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 03-07-26

Jul 06 2026 - Weekly Reports
4
Rudi’s View: The August Results Test Awaits

Jul 01 2026 - Rudi's View
5
Australian Broker Call *Extra* Edition – Jun 25, 2026

Jun 25 2026 - Daily Market Reports

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