A Look At Thor Explorations (TSXV:THX) Valuation After Q4 Dividend News And 2026 Production Guidance
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Thor Explorations (TSXV:THX) has just combined a regular and bonus dividend for Q4 2025 with fresh 2026 production guidance and updated operating results, giving investors several new data points to assess the stock.
See our latest analysis for Thor Explorations.
At a share price of CA$1.38, Thor Explorations has seen short term share price momentum with a 7 day return of 4.55% and a 30 day return of 6.15%, while the 1 year total shareholder return of over 300% points to strong longer term compounding that recent dividend news and production guidance may be influencing.
If Thor’s recent move has you thinking about where else growth stories could emerge, this could be a good moment to broaden your search with fast growing stocks with high insider ownership.
With a combined regular and bonus dividend, fresh 2026 guidance and a share price that already reflects a very large 1 year return, the key question is simple: is Thor still cheap or is future growth already priced in?
With Thor Explorations last closing at CA$1.38 against a narrative fair value of CA$1.73, the current price sits below that central estimate, setting up a clear valuation debate around future earnings and production assumptions.
The ongoing exploration success and resource growth at Segilola, Douta, and Côte d’Ivoire, including robust drill results and expansion into new high-grade deposits, are likely to increase production volumes and extend mine life, supporting long-term revenue and earnings growth.
Curious what kind of revenue reset, margin path and future P/E level are baked into that CA$1.73 figure? The narrative leans heavily on shrinking top line, still strong profitability and a higher earnings multiple several years out, all tied together by one specific discount rate. If you want to see exactly how those levers interact, the full breakdown is where the real story sits.
Result: Fair Value of CA$1.73 (UNDERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, there is still a risk that heavy reliance on Segilola, along with any softening in gold prices, could pressure earnings and challenge the 20.2% undervaluation case.
Find out about the key risks to this Thor Explorations narrative.
If you see the assumptions differently or simply prefer to test the numbers yourself, you can rebuild the entire story in just a few minutes with Do it your way.
