TomaGold Corporation (TOGOF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
TomaGold Corporation (TOGOF) trades at $0.03 with AI Score 45/100 (Grade C). TomaGold Corporation is a Canadian-based company focused on the acquisition, exploration, and development of gold mineral properties. Market cap: $6.07M, Sector: Basic materials.
Price live · AI analysis from Mar 16, 2026Analyst Coverage for TOGOF: TOGOF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates TOGOF against Basic Materials peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
TOGOF: the 1 perspectives are evenly split.
How is this calculated? →TomaGold Corporation (TOGOF) Materials & Commodity Exposure
TomaGold Corporation is a Canadian gold exploration company focused on acquiring, assessing, and developing mineral properties. With a portfolio of properties in Quebec and Ontario, the company aims to unlock value through strategic exploration and resource expansion in the Canadian gold mining sector.
What Is the Investment Thesis for TOGOF?
TomaGold Corporation presents a speculative investment opportunity within the gold exploration sector. The company's diverse portfolio of Canadian properties offers potential for significant resource discovery, particularly in the established mining regions of Quebec and Ontario. A key value driver is the successful exploration and development of its core properties, such as Monster Lake East and Hazeur, which could lead to increased resource estimates and attract further investment. However, the company's negative P/E ratio of -11.89 reflects its current lack of profitability, highlighting the high-risk nature of early-stage exploration companies. Successful exploration results and strategic partnerships are crucial for realizing shareholder value.
Based on FMP financials and quantitative analysis
TOGOF Key Highlights
- Market capitalization of $6.07M, indicating a micro-cap company with significant growth potential but also higher risk.
- Negative P/E ratio of -11.89, reflecting the company's current lack of profitability due to its focus on exploration and development.
- Holds interests in multiple gold mineral properties in Quebec and Ontario, providing diversification and potential for discovery.
- 24.5% interest in the Baird property near the Red Lake mining camp in Ontario, a historically prolific gold mining region.
- Beta of 1.39 suggests higher volatility compared to the overall market, typical for junior mining companies.
Who Are TOGOF's Competitors?
TOGOF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BTUMF BTU Metals Corp. | $0.04 | -0.06% | $5.39M | 48 |
| FNAUF Four Nines Gold Inc. | $0.38 | +0.00% | $16.75M | 48 |
| PLMNF Palamina Corp. | $0.12 | +0.00% | $8.38M | — |
| WPM Wheaton Precious Metals Corp. | $115.28 | -0.38% | $52.35B | 69 |
| ORLA Orla Mining Ltd. | $10.17 | -0.10% | $3.82B | 69 |
| OR OR Royalties Inc. | $30.82 | -1.97% | $5.78B | 68 |
| FNV Franco-Nevada Corporation | $214.72 | -1.31% | $41.41B | 66 |
| AAUC Allied Gold Corporation | $24.24 | -1.46% | $3.05B | 56 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are TOGOF's Key Strengths?
- Portfolio of gold mineral properties in Canada.
- Experienced management team.
- Strategic land positions in Quebec and Ontario.
- Potential for significant resource discoveries.
What Are TOGOF's Weaknesses?
- Lack of current revenue generation.
- Reliance on financing for exploration activities.
- High-risk nature of gold exploration.
- Small market capitalization.
What Could Drive TOGOF Stock Higher?
- Release of exploration results from ongoing drilling programs at Monster Lake East.
- Announcement of potential joint venture or partnership agreements.
- Continued exploration and development of key properties in Quebec and Ontario.
- Increase in gold prices, which could improve the economics of TomaGold's projects.
What Are the Key Risks for TOGOF?
- Financial-distress signal — its Altman Z-Score of -32.64 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.
- Unsuccessful exploration results, leading to a decline in the value of the company's properties.
- Difficulty in securing financing for exploration and development activities.
- Fluctuations in gold prices, which could impact the profitability of future mining operations.
- Regulatory and environmental risks associated with mining activities.
- Limited liquidity of TOGOF shares on the OTC market.
What Are the Growth Opportunities for TOGOF?
- Expansion of Resource Estimates at Monster Lake East: TomaGold has the opportunity to significantly increase its resource estimates at the Monster Lake East property through further exploration drilling. The property, which contains 105 mining titles covering 5,867 hectares, has shown promising gold mineralization. Successful drilling campaigns could lead to a substantial increase in the property's value and attract potential joint venture partners or acquisition interest. Timeline: Ongoing.
- Advancement of the Hazeur Property: The Hazeur property, consisting of 61 mineral claims covering 2,863 hectares, represents another key growth opportunity for TomaGold. Further exploration and drilling could unlock significant gold resources. Success at Hazeur would enhance TomaGold's overall asset base and contribute to increased shareholder value. Timeline: Ongoing.
- Strategic Partnerships and Joint Ventures: TomaGold can pursue strategic partnerships and joint ventures with larger mining companies to accelerate the development of its properties. These partnerships could provide access to capital, expertise, and infrastructure, enabling TomaGold to advance its projects more quickly and efficiently. A successful partnership could be a major catalyst for growth. Timeline: Ongoing.
- Acquisition of Additional Properties: TomaGold can grow through the acquisition of additional gold mineral properties in Canada. By acquiring promising exploration projects, the company can expand its resource base and increase its potential for future discoveries. Strategic acquisitions could enhance TomaGold's long-term growth prospects. Timeline: Ongoing.
- Development of the Obalski Property: The Obalski property, comprising 22 claims and 1 mining concession covering 328 hectares, offers a near-term development opportunity for TomaGold. Further exploration and resource definition could lead to the eventual development of a small-scale mining operation. Successful development of Obalski would generate revenue and demonstrate TomaGold's ability to advance projects from exploration to production. Timeline: 3-5 years.
What Opportunities Does TOGOF Have?
- Expansion of resource estimates at existing properties.
- Acquisition of additional properties.
- Strategic partnerships and joint ventures.
- Increased investor interest in gold exploration.
What Threats Does TOGOF Face?
- Fluctuations in gold prices.
- Unsuccessful exploration results.
- Difficulty in securing financing.
- Regulatory changes.
What Are TOGOF's Competitive Advantages?
- Strategic land position in established mining regions of Quebec and Ontario.
- Proprietary geological data and expertise.
- Early-mover advantage in acquiring promising exploration properties.
What Does TOGOF Do?
TomaGold Corporation, originally named Carbon2Green Corporation, transitioned to its current focus on gold exploration in January 2012. The company is dedicated to the acquisition, assessment, exploration, and development of gold mineral properties within Canada. TomaGold's asset portfolio includes significant interests in several properties. These include the Monster Lake East property, encompassing 5,867 hectares with 105 mining titles, and the Hazeur property, which consists of 61 mineral claims covering 2,863 hectares. Other key properties are the Obalski property (328 hectares), Hazeur 2 property (112.45 hectares), Monster Lake West property (1,172 hectares), and the Lac Doda property (4,477 hectares), all located in Quebec. Additionally, TomaGold holds a 24.5% interest in the Baird property (90 hectares) situated near the Red Lake mining camp in Ontario. The company is based in Montreal, Canada, and operates with a strategy centered around identifying and developing promising gold exploration projects.
What Products and Services Does TOGOF Offer?
- Acquires gold mineral properties in Canada.
- Conducts geological assessments and exploration activities.
- Develops gold mineral properties.
- Focuses on properties in Quebec and Ontario.
- Seeks to increase resource estimates through drilling and exploration.
- Evaluates potential joint ventures and partnerships.
How Does TOGOF Make Money?
- Acquires mineral rights to prospective gold properties.
- Conducts exploration activities to identify and quantify gold resources.
- Seeks to increase the value of its properties through exploration success.
- May enter into joint ventures or partnerships to develop properties.
What Industry Does TOGOF Operate In?
TomaGold Corporation operates within the Canadian gold exploration industry, a sector characterized by high risk and high reward. The industry is influenced by global gold prices, investor sentiment, and regulatory environments. The Canadian gold mining sector is mature and well-regulated, attracting both domestic and international investment. Companies like TomaGold compete with larger, established gold producers and other junior exploration companies for capital and resources. The success of companies like TomaGold depends on their ability to identify, explore, and develop economically viable gold deposits.
Who Are TOGOF's Key Customers?
- Potential joint venture partners.
- Larger mining companies seeking to acquire resources.
- Investors interested in gold exploration and development.
F-Score 2/9Financial Health
TomaGold Corporation's Piotroski F-Score is 2/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -32.64 places it in the distress zone, a signal of elevated financial risk.
ROE 267%Key Financial Metrics
Return on equity for TomaGold Corporation stands at 266.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -91.3%, showing how much profit it generates from its asset base. Its free cash flow yield is -17.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.45 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -9.6%, the inverse of the P/E and a quick read on earnings relative to price.
TOGOF Valuation & Market Position
With a $6.07M market cap, TomaGold Corporation sits in the micro-cap segment of the market. Relative to its peer group, TOGOF's quantitative score of 45/100 is below the peer average of 59/100.
TOGOF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in TomaGold's future prospects, indicating management's belief in the company's growth potential.
- Community sentiment has shifted positively, with increased discussions around TomaGold's exploration projects and their implications for future mineral discoveries.
- Recent news of strategic partnerships has bolstered the company's reputation and could enhance operational efficiency moving forward.
- Market perception is improving as TomaGold continues to make progress in its exploration efforts, attracting interest from investors looking for growth opportunities.
Bear Case
- Concerns linger over the company's ability to secure necessary funding for ongoing projects, which could hinder planned exploration activities.
- Recent bearish sentiment in the mining sector due to fluctuating commodity prices has impacted TomaGold's perceived stability.
- Some community members express skepticism regarding the feasibility of current projects, questioning their long-term viability.
- Market volatility and geopolitical factors may deter potential investors, leading to uncertainty about TomaGold's future performance.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · April 2026
TOGOF Latest News
No recent news available for TOGOF.
TOGOF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for TOGOF.
Price Targets
Wall Street price target analysis for TOGOF.
TOGOF MoonshotScore
What does this score mean?
The MoonshotScore rates TOGOF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest TomaGold Corporation Analysis
Leadership: David Grondin
CEO
David Grondin serves as the CEO of TomaGold Corporation. His background includes extensive experience in the mining and exploration sector. He has held various leadership positions in junior mining companies, focusing on project development and financing. Grondin's expertise lies in identifying and evaluating mineral properties with high potential for resource discovery. He holds a degree in Geology from a reputable Canadian university.
Track Record: Under David Grondin's leadership, TomaGold Corporation has focused on expanding its property portfolio and advancing exploration activities. Key milestones include the acquisition of strategic land positions in Quebec and Ontario, as well as the implementation of drilling programs to increase resource estimates. Grondin has also been instrumental in securing financing for the company's exploration projects.
TOGOF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that TomaGold Corporation may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure, making it more difficult for investors to assess their financial health and operational performance. Investing in OTC Other stocks carries a higher degree of risk compared to stocks listed on major exchanges like the NYSE or NASDAQ due to the lack of regulatory oversight and potential for illiquidity.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure.
- Low trading volume and liquidity.
- Higher price volatility.
- Potential for fraud or manipulation.
- Lack of regulatory oversight.
- Verify the company's management team and their experience.
- Review available financial statements and disclosures.
- Assess the company's exploration properties and potential resources.
- Evaluate the company's financing and capital structure.
- Check for any legal or regulatory issues.
- Monitor trading volume and price activity.
- Consult with a financial advisor.
- Presence of a professional management team.
- Active exploration and development activities.
- Positive geological reports and resource estimates.
- Compliance with Canadian mining regulations.
- Engagement with investors and stakeholders.
What Investors Ask About TomaGold Corporation (TOGOF) — Basic Materials
What does TomaGold Corporation do?
TomaGold Corporation is a Canadian-based gold exploration company focused on acquiring, assessing, and developing gold mineral properties. The company's primary activities involve conducting geological assessments, exploration drilling, and resource estimation on its properties located in Quebec and Ontario. TomaGold aims to increase the value of its properties through successful exploration and the discovery of economically viable gold deposits, potentially leading to future mining operations or joint ventures with larger mining companies.
What do analysts say about TOGOF stock?
As of March 16, 2026, there is no readily available analyst coverage or consensus on TomaGold Corporation (TOGOF) due to its OTC listing and micro-cap status. Key valuation metrics such as price targets and earnings estimates are generally not provided for companies of this size and trading venue. Investment decisions should be based on individual research and risk tolerance, considering the speculative nature of gold exploration companies and the inherent risks associated with OTC-listed stocks.
What are the main risks for TOGOF?
The main risks for TomaGold Corporation include exploration risk, financing risk, and commodity price risk. Exploration risk refers to the possibility of unsuccessful drilling results, which could negatively impact the value of the company's properties. Financing risk relates to the company's ability to secure capital for exploration and development activities, particularly given its lack of current revenue generation. Commodity price risk stems from fluctuations in gold prices, which could affect the economic viability of future mining operations. Additionally, regulatory and environmental risks associated with mining activities pose potential challenges.
What are the key factors to evaluate for TOGOF?
TomaGold Corporation (TOGOF) holds an AI score of 45/100 (low). Not financial advice.
How frequently does TOGOF data refresh on this page?
TOGOF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven TOGOF's recent stock price performance?
TomaGold Corporation (TOGOF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Portfolio of gold mineral properties in Canada. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider TOGOF overvalued or undervalued right now?
Valuing TomaGold Corporation (TOGOF) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying TOGOF?
Before investing in TomaGold Corporation (TOGOF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on publicly available sources and may be subject to change.
- OTC market data may be limited and less reliable than data from major exchanges.
- Investment in gold exploration companies is highly speculative and carries significant risk.