Gold Historical Cash Flow
| GORO Stock | USD 0.16 0.01 6.67% |
Analysis of Gold Resource cash flow over time is an excellent tool to project Gold Resource future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Capital Expenditures of 14 M or Total Cash From Financing Activities of 58.9 K as it is a great indicator of Gold Resource ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Gold Resource latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Gold Resource is a good buy for the upcoming year.
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About Gold Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Gold balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Gold's non-liquid assets can be easily converted into cash.
Gold Resource Cash Flow Chart
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Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Most accounts from Gold Resource's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Gold Resource current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gold Resource. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.At this time, Gold Resource's Capital Expenditures is very stable compared to the past year. As of the 24th of November 2024, Depreciation is likely to grow to about 27.5 M, though Change In Cash is likely to grow to (16.5 M).
Gold Resource cash flow statement Correlations
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Gold Resource Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gold Resource cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 3.3M | 15.2M | 8.3M | (10.0M) | (17.4M) | (16.5M) | |
| Free Cash Flow | (18.1M) | 22.6M | 14.2M | (4.1M) | (17.7M) | (16.8M) | |
| Change In Working Capital | (12.9M) | 4.6M | 9.2M | (5.3M) | (10.1M) | (9.6M) | |
| Begin Period Cash Flow | 7.8M | 10.2M | 25.4M | 33.7M | 23.7M | 20.3M | |
| Other Cashflows From Financing Activities | 98K | (28.2M) | 303K | (376K) | (23K) | (24.2K) | |
| Other Non Cash Items | 322K | 13.0M | 2.7M | 44K | 591K | 561.5K | |
| Capital Expenditures | 39.5M | 12.8M | 20.6M | 18.2M | 12.5M | 14.0M | |
| Total Cash From Operating Activities | 21.4M | 35.4M | 34.8M | 14.2M | (5.2M) | (5.0M) | |
| Net Income | 5.8M | (6.3M) | 8.0M | (6.3M) | (16.0M) | (15.2M) | |
| Total Cash From Financing Activities | 21.8M | (5.2M) | (3.1M) | (3.9M) | 62K | 58.9K | |
| End Period Cash Flow | 11.1M | 25.4M | 33.7M | 23.7M | 6.3M | 5.9M | |
| Depreciation | 23.3M | 17.6M | 16.1M | 27.4M | 26.2M | 27.5M | |
| Change To Liabilities | 3.7M | (162K) | 14.7M | (5.9M) | (6.8M) | (6.4M) | |
| Stock Based Compensation | 1.9M | 3.0M | 877K | 2.0M | 681K | 647.0K | |
| Change To Inventory | (7.8M) | 1.0M | (708K) | (2.6M) | 2.6M | 2.7M | |
| Total Cashflows From Investing Activities | (39.5M) | (8.0M) | (23.0M) | (19.4M) | (17.5M) | (18.4M) | |
| Dividends Paid | 1.5M | 2.8M | 3.4M | 3.5M | 885K | 840.8K | |
| Change To Account Receivables | (6.6M) | 4.1M | (4.4M) | 3.6M | 750K | 787.5K | |
| Other Cashflows From Investing Activities | 2K | (1.6M) | (2.4M) | 533K | 479.7K | 559.0K | |
| Sale Purchase Of Stock | 5.6M | 24.5M | 25.8M | 300K | 345K | 327.8K | |
| Investments | (39.5M) | (14.5M) | (23.0M) | (1.7M) | (13.9M) | (14.6M) | |
| Exchange Rate Changes | (266K) | (455K) | (528K) | (440K) | (396K) | (415.8K) | |
| Cash And Cash Equivalents Changes | 3.3M | 7.5M | 8.3M | (9.2M) | (10.6M) | (10.0M) | |
| Change To Netincome | 5.2M | 19.5M | 1.4M | (1.5M) | (1.8M) | (1.7M) | |
| Change Receivables | (6.6M) | 4.1M | (4.4M) | 3.6M | 3.2M | 3.4M | |
| Cash Flows Other Operating | (2.2M) | (6.7M) | 7.8M | (475K) | (546.3K) | (573.6K) | |
| Change To Operating Activities | (2.3M) | 25K | 8.5M | (6.7M) | (6.0M) | (5.7M) | |
| Issuance Of Capital Stock | 24.4M | 25.8M | 7.1M | 0.0 | 85K | 80.8K |
Pair Trading with Gold Resource
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gold Resource position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gold Resource will appreciate offsetting losses from the drop in the long position's value.Moving together with Gold Stock
Moving against Gold Stock
| 0.65 | RS | Reliance Steel Aluminum | PairCorr |
| 0.63 | CMC | Commercial Metals | PairCorr |
| 0.55 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.44 | MT | ArcelorMittal SA ADR | PairCorr |
| 0.39 | X | United States Steel | PairCorr |
The ability to find closely correlated positions to Gold Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gold Resource when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gold Resource - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gold Resource to buy it.
The correlation of Gold Resource is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gold Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gold Resource moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Gold Resource can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gold Resource. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gold Resource. If investors know Gold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gold Resource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.742 | Earnings Share (0.49) | Revenue Per Share 0.817 | Quarterly Revenue Growth (0.35) | Return On Assets (0.09) |
The market value of Gold Resource is measured differently than its book value, which is the value of Gold that is recorded on the company's balance sheet. Investors also form their own opinion of Gold Resource's value that differs from its market value or its book value, called intrinsic value, which is Gold Resource's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gold Resource's market value can be influenced by many factors that don't directly affect Gold Resource's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gold Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Resource's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.