TURACO GOLD LIMITED (TCG)
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02/10/2025

1

Outperform

$0.80

48.15%

Macquarie has updated its forecasts for commodities. In the short-term, the broker is overweight gold, with its 2026 price forecast rising by 22% to US$3,475/oz.

No change to FY25-26 forecasts for Turaco Gold.

Outperform. Target unchanged at 80c.

FORECAST
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -1.40 cents.
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.60 cents.

01/10/2025

1

Speculative Buy

$1.15

112.96%

Canaccord Genuity has updated its long-term (from 2029) gold price forecast by 8.2% to US$4,173/oz, and the medium-term 2026/27/28 by 8.9%/8.5%/8.2%, respectively, in line with the forward curve.

For silver, the broker lifted the long-term price forecast by 14.5% to US$47.8/oz while long-term forex forecasts were left unchanged.

This has resulted in an average 13% rise in the broker's target price for senior producers, 12% for intermediate/junior producers, and 12% for explorers/developers.

Target price for Turaco Gold rises to $1.15 from $1.10. Speculative Buy retained.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -2.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.00 cents.