TriStar Gold, Inc. (TSGZF) Stock Analysis
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.
TriStar Gold, Inc. (TSGZF) trades at $0.14. TriStar Gold, Inc. is a precious metal exploration company focused on its Castelo de Sonhos gold project in Brazil. Market cap: $49.3M, Sector: Basic materials.
Price as of Aug 21, 2026 · Last analyzed: Mar 17, 2026Analyst Coverage for TSGZF: TSGZF 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 TSGZF against Basic Materials peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
Not enough scored data yet to form a council read on TSGZF.
How is this calculated? →TriStar Gold, Inc. (TSGZF) Materials & Commodity Exposure
TriStar Gold, Inc. is a basic materials company focused on the acquisition, exploration, and development of precious metal prospects, primarily its Castelo de Sonhos gold project in Brazil, positioning it within the gold mining sector with a focus on resource expansion and project advancement.
What Is the Investment Thesis for TSGZF?
TriStar Gold, Inc. presents an investment opportunity centered on the development of its Castelo de Sonhos gold project. The company's strategy focuses on expanding the resource base through ongoing exploration and de-risking the project through technical studies. Key value drivers include successful drilling results that increase the gold resource estimate, positive feasibility study outcomes demonstrating economic viability, and securing necessary permits for mine development. A potential risk factor is the inherent uncertainty in exploration results and the time required to advance the project through feasibility and permitting stages. With a market capitalization of $49.3M, the company's valuation is sensitive to progress in these areas. The company's negative P/E ratio of -67.04 reflects its current lack of profitability as it invests in exploration and development.
Based on FMP financials and quantitative analysis
TSGZF Key Highlights
TriStar Gold's primary asset is the 100% owned Castelo de Sonhos gold project in Pará State, Brazil, comprising 17,177 hectares.
- The company is focused on exploration and development activities to expand the resource base and advance the Castelo de Sonhos project towards production.
- TriStar Gold operates in the precious metals sector, specifically gold, which is influenced by global economic conditions and gold prices.
- The company's market capitalization is $0.07 billion, reflecting its current stage of development as an exploration company.
- TriStar Gold has a beta of 1.17, indicating that its stock price is slightly more volatile than the overall market.
Who Are TSGZF's Competitors?
TSGZF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ENDGF Endurance Gold Corporation | $0.43 | -5.86% | $86.1M | 45 |
| GGLDF Getchell Gold Corp. | $0.19 | +3.04% | $38.2M | 45 |
| NSRPF Novo Resources Corp. | $0.05 | -4.62% | $21.8M | 44 |
| RCGCF Roscan Gold Corporation | $0.14 | +1.33% | $63.6M | 48 |
| LOMLF Lion One Metals Limited | $0.14 | +42.15% | $58.0M | 62 |
| YRBAF Yorbeau Resources Inc. | $0.04 | -4.67% | $16.7M | 57 |
| GGAZF Goldgroup Mining Inc. | $2.58 | -39.29% | $194M | 59 |
| WMWWF West Wits Mining Limited | $0.55 | +0.00% | $239M | 60 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are TSGZF's Key Strengths?
100% ownership of the Castelo de Sonhos gold project.
- Experienced management team with expertise in gold exploration.
- Potential for significant resource expansion at Castelo de Sonhos.
- Strategic location in Brazil, a region with favorable geology for gold deposits.
What Are TSGZF's Weaknesses?
Limited financial resources as an exploration-stage company.
- Dependence on successful exploration results to increase resource base.
- Exposure to political and economic risks in Brazil.
- Negative P/E ratio indicating lack of current profitability.
What Could Drive TSGZF Stock Higher?
Release of updated resource estimate for the Castelo de Sonhos project.
- Completion of feasibility study for the Castelo de Sonhos project.
- Securing necessary permits for mine development at Castelo de Sonhos.
- Exploration drilling programs aimed at expanding the resource base.
- Efforts to form strategic partnerships with established mining companies.
What Are the Key Risks for TSGZF?
Negative return on equity (-8.9%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 1/9 flags soft profitability, leverage or efficiency.
- Uncertainty in exploration results.
- Delays in permitting and project development.
- Fluctuations in gold prices.
- Competition from other gold exploration and mining companies.
- Political and economic risks in Brazil.
What Are the Growth Opportunities for TSGZF?
- Growth opportunity 1: Expanding the resource base at the Castelo de Sonhos project through ongoing exploration drilling programs. Successful drilling results could significantly increase the gold resource estimate, enhancing the project's economic viability and attracting potential investors. The company's focus on resource expansion aims to capitalize on the geological potential of the property and increase its attractiveness as a development project. The timeline for resource expansion depends on the pace and success of drilling programs, with potential for updated resource estimates within the next 1-2 years.
- Growth opportunity 2: Completing a positive feasibility study for the Castelo de Sonhos project. A feasibility study demonstrating the economic viability of the project is a critical step towards securing financing and advancing the project to production. The study would outline the project's capital costs, operating costs, and potential revenue streams, providing investors with a clear picture of the project's economic potential. The timeline for completing a feasibility study is typically 1-2 years, depending on the complexity of the project and the availability of funding.
- Growth opportunity 3: Securing necessary permits for mine development at the Castelo de Sonhos project. Obtaining environmental and operating permits is a crucial step towards advancing the project to production. The permitting process can be lengthy and complex, requiring extensive environmental assessments and consultations with local communities. Successful permitting would de-risk the project and pave the way for construction and operation of a gold mine. The timeline for securing permits can vary depending on the regulatory environment and the complexity of the project, but typically takes 1-3 years.
- Growth opportunity 4: Forming strategic partnerships with established mining companies. Partnering with a larger mining company could provide TriStar Gold with access to capital, technical expertise, and project development capabilities. A strategic partnership could accelerate the development of the Castelo de Sonhos project and enhance its chances of success. The timeline for forming a strategic partnership is uncertain, but could occur within the next 1-2 years as the project advances through feasibility and permitting stages.
- Growth opportunity 5: Benefiting from rising gold prices. Higher gold prices would increase the potential revenue and profitability of the Castelo de Sonhos project, making it more attractive to investors and potential partners. Gold prices are influenced by global economic conditions, inflation expectations, and geopolitical events. A sustained increase in gold prices could significantly enhance the value of TriStar Gold's assets and accelerate its development plans. The timeline for benefiting from rising gold prices is dependent on market conditions and is difficult to predict.
What Are TSGZF's Competitive Advantages?
- Ownership of the Castelo de Sonhos gold project, a potentially significant gold deposit.
- Expertise in gold exploration and project development in Brazil.
- Strategic location of the Castelo de Sonhos project in a region with favorable geology.
What Does TSGZF Do?
TriStar Gold, Inc., established in 2010 and headquartered in Scottsdale, Arizona, is a precious metal exploration and development company. The company's primary focus is the Castelo de Sonhos gold project, a 17,177-hectare property located in Pará State, Brazil. This project represents the company's flagship asset and is the core of its strategic vision. TriStar Gold is dedicated to advancing the Castelo de Sonhos project through exploration, resource definition, and feasibility studies, with the ultimate goal of establishing a significant gold mining operation. The company's activities involve geological surveys, drilling programs, metallurgical testing, and environmental assessments to evaluate the economic viability and optimize the development plan for the project. TriStar Gold aims to create shareholder value by increasing the resource base at Castelo de Sonhos and de-risking the project through technical studies and permitting activities. The company operates exclusively in the Americas, with a strong emphasis on Brazil, leveraging its expertise in gold exploration and project development to capitalize on the region's geological potential.
What Products and Services Does TSGZF Offer?
- Acquires precious metal prospects in the Americas.
- Explores acquired properties for gold and other precious metals.
- Develops precious metal prospects into potential mining operations.
- Conducts geological surveys and drilling programs.
- Performs metallurgical testing to determine ore processing methods.
- Undertakes environmental assessments for project development.
- Seeks permits for mining operations.
How Does TSGZF Make Money?
- Acquires mineral rights and explores for precious metals.
- Develops and advances projects through exploration and technical studies.
- Aims to increase resource base and de-risk projects to attract investment.
- Potentially generates revenue through future mining operations or sale of assets.
What Industry Does TSGZF Operate In?
TriStar Gold operates within the gold mining industry, a sector influenced by global economic trends, gold prices, and geopolitical factors. The industry is characterized by high capital costs, long lead times for project development, and stringent environmental regulations. Companies compete based on resource size, production costs, and project execution capabilities. The gold mining industry is subject to cyclical fluctuations in gold prices, which can significantly impact profitability and investment decisions. TriStar Gold is positioned as an exploration and development company aiming to bring its Castelo de Sonhos project into production, competing with established gold producers and other exploration companies for capital and resources.
Who Are TSGZF's Key Customers?
- Not applicable - TriStar Gold is an exploration and development company, not a producing mine.
- Potential future customers would be purchasers of gold produced from its mines.
- Investors seeking exposure to gold exploration and development.
Company Profile
TriStar Gold, Inc. operates in the Gold industry within the Basic Materials sector. It is headquartered in Scottsdale, US. The company is led by CEO Nicholas David Appleyard. TSGZF has traded publicly since 2011.
Financial Health
TriStar Gold, Inc.'s Piotroski F-Score is 1/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 6.31 places it in the safe zone, indicating low near-term bankruptcy risk.
Key Financial Metrics
Return on equity for TriStar Gold, Inc. stands at -8.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -8.2%, showing how much profit it generates from its asset base. Its free cash flow yield is -6.4%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.12 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -5.8%, the inverse of the P/E and a quick read on earnings relative to price.
TSGZF Valuation & Market Position
With a $49.3M market cap, TriStar Gold, Inc. sits in the micro-cap segment of the market.
TSGZF 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 TriStar Gold's future, indicating that key stakeholders believe in the company's potential.
- Community sentiment has shifted positively, with discussions focusing on the promising gold exploration projects that could enhance valuation.
- Market perception has been buoyed by favorable news regarding gold prices, which typically benefits gold-focused companies like TriStar.
- Recent partnerships and collaborations indicate a strategic direction that could lead to increased operational efficiency and resource acquisition.
Bear Case
- Some analysts express concern about the volatility in gold prices, which could impact TriStar Gold's financial stability in the short term.
- Recent social sentiment reflects skepticism about the company's ability to execute its exploration plans effectively, raising doubts among investors.
- Insider selling activity in the past has raised red flags, leading to questions about the long-term commitment of current management.
- The overall market environment for mining stocks remains cautious, with broader economic uncertainties potentially affecting investor confidence in the sector.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
TSGZF Latest News
No recent news available for TSGZF.
TSGZF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for TSGZF.
Price Targets
Wall Street price target analysis for TSGZF.
TSGZF MoonshotScore
What does this score mean?
The MoonshotScore rates TSGZF 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Nicholas David Appleyard
CEO
Nicholas David Appleyard serves as the CEO of TriStar Gold, Inc. His background includes extensive experience in the mining and exploration industry. He has held various leadership positions in junior mining companies, focusing on project development and resource expansion. Appleyard's expertise lies in identifying and evaluating mineral prospects, managing exploration programs, and advancing projects through feasibility studies and permitting processes. He has a proven track record of creating shareholder value through successful exploration and development activities.
Track Record: Under Nicholas David Appleyard's leadership, TriStar Gold has focused on advancing the Castelo de Sonhos gold project. Key achievements include expanding the resource base through successful drilling programs and completing preliminary economic assessments. Appleyard has also overseen the company's efforts to secure necessary permits for mine development and form strategic partnerships. His strategic decisions have been instrumental in positioning TriStar Gold as a promising gold exploration and development company.
TSGZF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that TriStar Gold may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies on this tier may have limited financial disclosure and may not be subject to the same level of regulatory oversight as companies listed on major exchanges like the NYSE or NASDAQ. Investing in companies on the OTC Other tier carries higher risks due to the potential for limited information and liquidity.
- OTC Tier: OTC Other
- Limited financial disclosure and regulatory oversight.
- Lower trading volumes and wider bid-ask spreads.
- Potential for price volatility and illiquidity.
- Higher risk of fraud or manipulation.
- Increased difficulty in obtaining accurate and timely information.
- Verify the company's financial statements and SEC filings (if any).
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Evaluate the company's legal and regulatory compliance.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor before making any investment decisions.
- The company has a website and actively communicates with investors.
- The company has a management team with experience in the mining industry.
- The company owns a potentially valuable asset (Castelo de Sonhos gold project).
- The company is working to advance the project through exploration and technical studies.
TSGZF Basic Materials Stock FAQ
What does TriStar Gold, Inc. do?
TriStar Gold, Inc. is a precious metal exploration company focused on acquiring, exploring, and developing gold prospects in the Americas. Its primary asset is the Castelo de Sonhos gold project in Brazil, where it conducts exploration activities to expand the resource base and advance the project towards potential mine development.
What are the main risks for TSGZF?
The main risks for TriStar Gold, Inc. include the inherent uncertainty in exploration results, which could impact the resource estimate and economic viability of the Castelo de Sonhos project. Delays in permitting and project development could also negatively affect the company's timeline and financial performance. Fluctuations in gold prices and competition from other gold exploration companies pose additional risks.
What are the key factors to evaluate for TSGZF?
Evaluate TSGZF on fundamentals, analyst consensus, and risk factors. TriStar Gold, Inc. presents an investment opportunity centered on the development of its Castelo de Sonhos gold project. Not financial advice.
How frequently does TSGZF data refresh on this page?
TSGZF's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven TSGZF's recent stock price performance?
TriStar Gold, Inc. (TSGZF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: 100% ownership of the Castelo de Sonhos gold project. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider TSGZF overvalued or undervalued right now?
TriStar Gold, Inc. (TSGZF) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research TSGZF before investing?
Before investing in TriStar Gold, Inc. (TSGZF), 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) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding TSGZF to a portfolio?
Key strength of TriStar Gold, Inc. (TSGZF): 100% ownership of the Castelo de Sonhos gold project. Weigh rewards against risks and diversify. Not financial advice.
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.
- AI analysis is pending and may provide additional insights.