Thor Explorations

Electrification Will Boost West African Gold Prospects Despite Risks

AN

AnalystHighTarget

Not Invested

Community Contributor

Published

02 Aug 25

Updated

22 Jan 26

Views

56

22 Jan

CA$1.05

AnalystHighTarget's Fair Value

CA$2.05

48.8% undervalued

1Y

43.8%

7D

-14.6%

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1Y

43.8%

7D

-14.6%

You can edit this narrative until Jan 23 4:30 AM. Then, changes will post as Updates.

Author's Valuation

CA$2.0548.8% undervalued

AnalystHighTarget Fair Value

Shared on 22 Jan 26

THX: Dividend Uplift And Stable Margins Will Support Future Gold Output

Analysts have maintained their fair value estimate for Thor Explorations at $2.05 per share. The latest price target update reflects slight tweaks to the discount rate, a less steep projected revenue decline of 19.63% compared with 25.59%, a broadly similar profit margin outlook at about 78%, and a lower assumed future P/E of 10.59 versus 13.35.

13 views

Shared on 07 Jan 26

Fair value Increased 71%

THX: Higher Margin Outlook Will Support Stronger Gold Production Profile

Analysts have raised their fair value estimate for Thor Explorations from US$1.20 to US$2.05, citing updated assumptions that include a profit margin figure of 78.24%, a revenue growth rate of 25.59% decline, a discount rate of 7.17% and a forward P/E of 13.35x. What's in the News Revised 2025 production guidance narrowed to 90,000 oz to 95,000 oz of gold, with all in sustaining cost guidance tightened to US$900 to US$1,000 per oz, compared with the previous US$800 to US$1,000 per oz range (Corporate Guidance).

13 views

Valuator

Company Info

Notes

AnalystHighTarget Fair Value

CA$2.05

48.8% undervalued

Future estimation in

Revenue

Profit Margin

Future PE

Growth p.a.

%

Decrease

Increase

Forecast revenue growth rate

5.53%

Historical revenue growth rate

41.85%

Metals and Mining revenue growth rate

56.90%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

7.68%

Calculation

US$114.48m

Earnings '29

x

10.59x

PE Ratio '29

=

US$1.21b

Market Cap '29

US$1.21b

Market Cap '29

/

693.78m

No. shares '29

=

US$1.75

Share Price '29

US$1.75 Share Price '29

Discounted to 2026 @ 7.16% p.a.

=

US$1.42

Fair Value '26

US$1.42 Fair Value '26

Converted to CAD @ 1.3831 USD/CAD Exchange Rate

=

CA$1.96

Fair Value '26