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Tanzanian Gold Corp
TSX:TNX

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Tanzanian Gold Corp Logo
Tanzanian Gold Corp
TSX:TNX
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Price: 0.52 CAD Market Closed
Updated: Mar 29, 2024

Intrinsic Value

TNX doesn't have a meaningful market cap.

Tanzanian Gold Corp. along with its joint venture partner, State Mining Corporation of Tanzania (STAMICO), is building a gold project at Buckreef in Tanzania. [ Read More ]

The intrinsic value of one TNX stock under the Base Case scenario is 0.67 CAD. Compared to the current market price of 0.52 CAD, Tanzanian Gold Corp is Undervalued by 23%.

Key Points:
TNX Intrinsic Value
Base Case
0.67 CAD
Undervaluation 23%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Tanzanian Gold Corp

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Fundamental Analysis

Company Progresses with Strong Quarter, Mill Expansion
2024-Q1 Earnings Call

Company Progresses with Strong Quarter, Mill Expansion

The company's quarter showed financial strength, selling nearly 4,900 ounces of gold, resulting in over $9 million in revenues and a high operating margin with gross profit just under $4 million. While the reported cash cost of over $1,000 an ounce exceeded the annual guidance range of $800 to $900, the balance sheet remained robust with over $8 million in cash. The new crushing circuit, crucial for milling process efficiency and set to increase recovery rates, is 65% complete. Looking ahead, they reiterate production guidance of 25,000-30,000 ounces with the mill expansion and cash cost guidance of $800 to $900 per ounce. The company is now self-funded and maintains a stock price that holds well against peers.

Financials

Balance Sheet Decomposition
Tanzanian Gold Corp

Current Assets 17.2m
Cash & Short-Term Investments 8.3m
Receivables 2.1m
Other Current Assets 6.8m
Non-Current Assets 69.9m
PP&E 66.6m
Other Non-Current Assets 3.2m
Current Liabilities 19.1m
Accounts Payable 13m
Other Current Liabilities 6.2m
Non-Current Liabilities 14.5m
Long-Term Debt 27k
Other Non-Current Liabilities 14.4m
Efficiency

Earnings Waterfall
Tanzanian Gold Corp

Revenue
38m CAD
Cost of Revenue
-21.4m CAD
Gross Profit
16.6m CAD
Operating Expenses
-8m CAD
Operating Income
8.6m CAD
Other Expenses
-6.7m CAD
Net Income
1.9m CAD

Free Cash Flow Analysis
Tanzanian Gold Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Fundamental Scores

TNX Profitability Score
Profitability Due Diligence

Tanzanian Gold Corp's profitability score is 37/100. The higher the profitability score, the more profitable the company is.

ROE is Increasing
ROIC is Increasing
Positive Gross Profit
Exceptional 1-Year Revenue Growth
37/100
Profitability
Score

Tanzanian Gold Corp's profitability score is 37/100. The higher the profitability score, the more profitable the company is.

TNX Solvency Score
Solvency Due Diligence

Tanzanian Gold Corp's solvency score is 62/100. The higher the solvency score, the more solvent the company is.

Negative Net Debt
Low D/E
Long-Term Solvency
Short-Term Solvency
62/100
Solvency
Score

Tanzanian Gold Corp's solvency score is 62/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

TNX Price Targets Summary
Tanzanian Gold Corp

Wall Street analysts forecast TNX stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for TNX is 1.97 CAD .

Lowest
Price Target
Not Available
Average
Price Target
1.97 CAD
279% Upside
Highest
Price Target
Not Available
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

TNX Price
Tanzanian Gold Corp

1M 1M
+0%
6M 6M
+4%
1Y 1Y
-22%
3Y 3Y
-30%
5Y 5Y
-52%
10Y 10Y
-81%
Annual Price Range
0.52
52w Low
0.425
52w High
47.97
Price Metrics
Average Annual Return -17.19%
Standard Deviation of Annual Returns 20.86%
Max Drawdown -99%
Shares Statistics
Market Capitalization 145.1m CAD
Shares Outstanding 279 091 008
Percentage of Shares Shorted 0.01%

TNX Return Decomposition
Main factors of price return

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Company Profile

Tanzanian Gold Corp Logo
Tanzanian Gold Corp

Country

Canada

Industry

Metals & Mining

Market Cap

145.1m CAD

Dividend Yield

0%

Description

Tanzanian Gold Corp. along with its joint venture partner, State Mining Corporation of Tanzania (STAMICO), is building a gold project at Buckreef in Tanzania. The company is headquartered in Toronto, Ontario and currently employs 88 full-time employees. The company went IPO on 2001-10-29. The Company’s Buckreef Project is located in the Geita District of the Geita Region south of Lake Victoria, approximately 110 kilometers southwest of the city of Mwanza, Tanzania. The Buckreef Project comprises over five prospects, namely Buckreef, Bingwa, Tembo, Eastern Porphyry and Buziba. The Buckreef Project itself encompasses over three mineralized zones, including Buckreef South, Buckreef Main and Buckreef North.

Contact

ONTARIO
TORONTO
Bay Adelaide Centre, East Tower, 22 Adelaide Street West, Suite 3400
+16046964236.0
https://www.tangoldcorp.com/

IPO

2001-10-29

Employees

88

Officers

CEO & Director
Mr. Stephen Mullowney B.B.A., C.A., C.F.A., CPA
Chief Financial Officer
Mr. Michael P. Leonard C.A., CPA
COO & Director
Mr. Andrew Mark Cheatle B.Sc., M.B.A., P.Geo.
Senior Vice President of Tanzania
Mr. Khalaf Rashid
Vice President of Investor Relations
Ms. Christina Lalli

See Also

Discover More
What is the Intrinsic Value of one TNX stock?

The intrinsic value of one TNX stock under the Base Case scenario is 0.67 CAD.

Is TNX stock undervalued or overvalued?

Compared to the current market price of 0.52 CAD, Tanzanian Gold Corp is Undervalued by 23%.