Thor Explorations Future Growth

Future criteria checks 0/6

Thor Explorations's revenue and earnings are forecast to decline at 12% and 11.8% per annum respectively. EPS is expected to decline by 14.2% per annum. Return on equity is forecast to be 17% in 3 years.

Key information

-11.8%

Earnings growth rate

-14.17%

EPS growth rate

Metals and Mining earnings growth	23.4%
Revenue growth rate	-12.0%
Future return on equity	17.00%
Analyst coverage	Low
Last updated	22 Apr 2025

Recent future growth updates

Recent updates

There's No Escaping Thor Explorations Ltd.'s (CVE:THX) Muted Earnings Despite A 25% Share Price Rise

Apr 01

Advancing Gold Projects In Senegal And Côte d'Ivoire Will Strengthen Future Prospects

Mar 16 Strategic projects in Senegal and Nigeria could increase future revenues and profitability while diversifying revenue sources and driving growth.

Thor Explorations Ltd.'s (CVE:THX) Shares Leap 27% Yet They're Still Not Telling The Full Story

Feb 07

Thor Explorations' (CVE:THX) Conservative Accounting Might Explain Soft Earnings

Sep 05

Investors Still Aren't Entirely Convinced By Thor Explorations Ltd.'s (CVE:THX) Earnings Despite 27% Price Jump

Aug 27

Analyst Forecasts For Thor Explorations Ltd. (CVE:THX) Are Surging Higher

May 02

Here's Why We Think Thor Explorations (CVE:THX) Might Deserve Your Attention Today

Apr 02

Cautious Investors Not Rewarding Thor Explorations Ltd.'s (CVE:THX) Performance Completely

Feb 23

Thor Explorations (CVE:THX) Seems To Use Debt Quite Sensibly

Oct 23

Investors Should Be Encouraged By Thor Explorations' (CVE:THX) Returns On Capital

Oct 03

Thor Explorations Ltd. Just Beat Revenue By 5.6%: Here's What Analysts Think Will Happen Next

Aug 28

We Ran A Stock Scan For Earnings Growth And Thor Explorations (CVE:THX) Passed With Ease

Aug 06

Thor Explorations Ltd.'s (CVE:THX) Revenues Are Not Doing Enough For Some Investors

Jul 13

We Like These Underlying Return On Capital Trends At Thor Explorations (CVE:THX)

Nov 08

Thor Explorations' (CVE:THX) Profits Appear To Have Quality Issues

Sep 06

Earnings and Revenue Growth Forecasts

TSXV:THX - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	120	72	77	86	1
12/31/2026	187	78	91	93	2
12/31/2025	253	152	164	175	2
12/31/2024	193	91	49	62	N/A
9/30/2024	150	50	44	56	N/A
6/30/2024	147	33	36	50	N/A
3/31/2024	134	20	29	54	N/A
12/31/2023	141	11	26	64	N/A
9/30/2023	161	39	35	83	N/A
6/30/2023	181	46	42	93	N/A
3/31/2023	181	38	52	90	N/A
12/31/2022	165	39	50	84	N/A
9/30/2022	128	20	30	41	N/A
6/30/2022	72	13	8	22	N/A
3/31/2022	31	1	-41	-5	N/A
12/31/2021	6	-2	-54	-18	N/A
9/30/2021	N/A	-6	-34	19	N/A
6/30/2021	N/A	-8	-39	19	N/A
3/31/2021	N/A	-1	-17	24	N/A
12/31/2020	N/A	-3	-11	22	N/A
9/30/2020	N/A	-4	-29	-3	N/A
6/30/2020	N/A	-3	-15	-2	N/A
3/31/2020	N/A	-4	-9	-3	N/A
12/31/2019	N/A	-4	-6	-2	N/A
9/30/2019	N/A	-2	-5	-1	N/A
6/30/2019	N/A	-2	-5	-1	N/A
3/31/2019	N/A	-2	-5	-1	N/A
12/31/2018	N/A	-3	-6	-1	N/A
9/30/2018	N/A	-3	N/A	-1	N/A
6/30/2018	N/A	-3	N/A	-1	N/A
3/31/2018	N/A	-3	N/A	-1	N/A
12/31/2017	N/A	-2	N/A	-1	N/A
9/30/2017	N/A	-2	N/A	-1	N/A
6/30/2017	N/A	-2	N/A	-1	N/A
3/31/2017	N/A	-2	N/A	-1	N/A
12/31/2016	N/A	-1	N/A	-1	N/A
9/30/2016	N/A	0	N/A	0	N/A
6/30/2016	N/A	0	N/A	0	N/A
3/31/2016	N/A	0	N/A	0	N/A
12/31/2015	N/A	0	N/A	0	N/A
9/30/2015	N/A	0	N/A	0	N/A
6/30/2015	N/A	0	N/A	0	N/A
3/31/2015	N/A	0	N/A	0	N/A
12/31/2014	N/A	0	N/A	0	N/A
9/30/2014	N/A	-1	N/A	0	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: THX's earnings are forecast to decline over the next 3 years (-11.8% per year).

Earnings vs Market: THX's earnings are forecast to decline over the next 3 years (-11.8% per year).

High Growth Earnings: THX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: THX's revenue is expected to decline over the next 3 years (-12% per year).

High Growth Revenue: THX's revenue is forecast to decline over the next 3 years (-12% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: THX's Return on Equity is forecast to be low in 3 years time (17%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/12 11:08
End of Day Share Price	2025/05/09 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Thor Explorations Ltd. is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Samuel Catalano	Canaccord Genuity
Alexander Bedwany	Canaccord Genuity
Jonathan Guy	Hannam & Partners (Advisory) LLP

Thor Explorations Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 24%

Thor Explorations Ltd. Affirms Production Guidance for Financial Year 2025

Price target increased by 7.8% to CA$0.55

Thor Explorations Ltd. Provides Production Guidance for the 2025

Price target increased by 11% to CA$0.51

Consensus EPS estimates increase by 37%, revenue downgraded

Recent updates

Consensus EPS estimates increase by 24%

New minor risk - Dividend sustainability

Thor Explorations Ltd. Affirms Production Guidance for Financial Year 2025

Full year 2024 earnings: EPS exceeds analyst expectations

Thor Explorations Ltd. Announces Maiden Dividend, Payable on 16 May 2025

There's No Escaping Thor Explorations Ltd.'s (CVE:THX) Muted Earnings Despite A 25% Share Price Rise

Price target increased by 7.8% to CA$0.55

Thor Explorations Ltd. Announces Drilling Results and Update on the Douta-West Licence

Advancing Gold Projects In Senegal And Côte d'Ivoire Will Strengthen Future Prospects

Thor Explorations Ltd.'s (CVE:THX) Shares Leap 27% Yet They're Still Not Telling The Full Story

Thor Explorations Ltd. Announces Board Changes

Thor Explorations Ltd. Provides Production Guidance for the 2025

Thor Explorations Announces Further Positive Drilling Results from Segilola Gold Mine

Price target increased by 11% to CA$0.51

New major risk - Revenue and earnings growth

Thor Explorations Ltd. Announces Further Positive Diamond Drilling Results from Segilola Gold Mine

Third quarter 2024 earnings released: EPS: US$0.027 (vs US$0.003 in 3Q 2023)

Consensus EPS estimates increase by 37%, revenue downgraded

Thor Explorations Ltd. Updates Production Guidance for the Year 2024

Price target increased by 14% to CA$0.49

Thor Explorations Ltd Announces Initial Positive Diamond Drilling Results from Segilola Gold Mine

Thor Explorations' (CVE:THX) Conservative Accounting Might Explain Soft Earnings

Thor Explorations Ltd. Announces Latest Set of Drilling Results from Its 2024 Drilling Programme At the Douta Gold Project, Senegal

Price target decreased by 25% to CA$0.43

Investors Still Aren't Entirely Convinced By Thor Explorations Ltd.'s (CVE:THX) Earnings Despite 27% Price Jump

Second quarter 2024 earnings released: EPS: US$0.042 (vs US$0.012 in 2Q 2023)

Thor Explorations Ltd. Revises Production Guidance for the Fiscal Year 2024

Thor Explorations Ltd. Re-Affirms Production Guidance for Full Year 2024

Price target increased by 30% to CA$0.75

Thor Explorations Ltd. Announces Positive Exploration Results from the Douta Gold Project, Senegal

Price target increased by 7.3% to CA$0.59

Consensus EPS estimates increase by 19%, revenue downgraded

First quarter 2024 earnings released: EPS: US$0.019 (vs US$0.007 in 1Q 2023)

Analyst Forecasts For Thor Explorations Ltd. (CVE:THX) Are Surging Higher

Full year 2023 earnings: EPS and revenues miss analyst expectations

Thor Explorations Ltd. to Report Fiscal Year 2023 Results on Apr 29, 2024

Thor Explorations Ltd. Provides Production Guidance for Full Year 2024

Here's Why We Think Thor Explorations (CVE:THX) Might Deserve Your Attention Today

Price target decreased by 27% to CA$0.55

Cautious Investors Not Rewarding Thor Explorations Ltd.'s (CVE:THX) Performance Completely

New minor risk - Market cap size

Thor Explorations Ltd. Provides an Operational Update for the Segilola Gold Mine, Located in Nigeria and for Mineral Exploration Properties Located in Nigeria and Senegal, for the Three Months to December 31, 2023

Thor Explorations Ltd. Provides Production Guidance for the Fiscal Year 2023

Third quarter 2023 earnings released: EPS: US$0.003 (vs US$0.006 in 3Q 2022)

Price target increased by 12% to CA$0.71

Thor Explorations (CVE:THX) Seems To Use Debt Quite Sensibly

Thor Explorations Ltd. Provides Production Guidance for the Fiscal Year 2023

Thor Explorations Ltd., Annual General Meeting, Dec 15, 2023

Investors Should Be Encouraged By Thor Explorations' (CVE:THX) Returns On Capital

Independent Non-Executive Director exercised options to buy CA$214k worth of stock.

Thor Explorations Ltd. Announces Douta Gold Project Drilling Results

Thor Explorations Ltd. Just Beat Revenue By 5.6%: Here's What Analysts Think Will Happen Next

Second quarter 2023 earnings released: EPS: US$0.012 (vs US$0.01 in 2Q 2022)

Thor Explorations Ltd. Provides Production Guidance for the Fiscal Year Ending December 31, 2023

New minor risk - Shareholder dilution

Thor Explorations Ltd. Announces Drilling Results from Lithium Prospects

We Ran A Stock Scan For Earnings Growth And Thor Explorations (CVE:THX) Passed With Ease

Consensus EPS estimates fall by 32%

Thor Explorations Ltd.'s (CVE:THX) Revenues Are Not Doing Enough For Some Investors

Thor Explorations Ltd. Provides Production Guidance for the Fiscal Year 2023

President exercised options to buy CA$1.5m worth of stock.

Non-Executive Director exercised options to buy CA$435k worth of stock.

Consensus revenue estimates increase by 12%

Thor Explorations Ltd. Announces Expansion of Exploration Tenure to A Total Area of 1,542Km2 At the Segilola Gold Project in Nigeria

Thor Explorations Ltd. Provides Production Guidance for the Full Year of 2023

Thor Explorations Ltd. Announces Significant Gold Grades and Widths Returned from Latest Drilling Intersections At the Douta Gold Project, Senegal

Thor Explorations Ltd. Announces Further High Grade Intersections At Douta

Insufficient new directors

We Like These Underlying Return On Capital Trends At Thor Explorations (CVE:THX)