Update shared on 31 Oct 2025
Fair value Increased 32%Analysts have raised their price target for Thor Explorations from $1.32 to $1.75. They cite improved profit margins and a more optimistic revenue outlook as the primary reasons for the upward revision.
What's in the News
- Thor Explorations reaffirmed its production guidance for fiscal year 2025, maintaining the range at 85,000 to 95,000 ounces of gold. (Corporate Guidance: New/Confirmed)
- The company reported third quarter 2025 production results, with gold recovered reaching 23,612 ounces, an increase from 18,496 ounces a year ago. (Announcement of Operating Results)
- Final drilling results from the maiden campaign at the Guitry Gold Project in Côte d'Ivoire showed notable gold intersections. Further exploration activities are planned to expand resource definition. (Product-Related Announcements)
- Thor Explorations signed an agreement to acquire the remaining 30% economic interest in the Douta Gold Project, moving its stake to 100%, pending regulatory approval. (Business Expansions)
- Advanced diamond drilling at the Segilola Gold Mine revealed high-grade gold mineralisation below the current open pit, supporting plans to extend the mine's life. (Product-Related Announcements)
Valuation Changes
- Consensus Analyst Price Target has increased from CA$1.32 to CA$1.75, reflecting heightened confidence in the company's outlook.
- Discount Rate has risen slightly from 6.64% to 6.68%.
- Revenue Growth Forecast is now -11.85%, which is an improvement from the previous estimate of -17.15%.
- Net Profit Margin has risen from 52.79% to 60.50%.
- Future Price-to-Earnings (P/E) ratio estimate has decreased modestly from 9.85x to 9.48x.
Disclaimer
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