Gogold Resources Stock Analysis
| GGD Stock | CAD 1.33 0.03 2.31% |
GoGold Resources is overvalued with Real Value of 1.15 and Hype Value of 1.33. The main objective of GoGold Resources stock analysis is to determine its intrinsic value, which is an estimate of what GoGold Resources is worth, separate from its market price. There are two main types of GoGold Resources' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect GoGold Resources' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of GoGold Resources' stock to identify patterns and trends that may indicate its future price movements.
The GoGold Resources stock is traded in Canada on Toronto Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Canada. GoGold Resources is usually not traded on Canada Day, Civic Holiday, Labour Day, Thanksgiving Day, Christmas Day, Boxing Day, New Year 's Day, Family Day, Good Friday, Victoria Day. GoGold Stock trading window is adjusted to America/Toronto timezone.
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GoGold Stock Analysis Notes
About 29.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.08. Some equities with similar Price to Book (P/B) outperform the market in the long run. GoGold Resources recorded a loss per share of 0.01. The entity had not issued any dividends in recent years. GoGold Resources Inc. engages in the exploration, development, and production of mineral properties in Mexico. The company was incorporated in 2008 and is headquartered in Halifax, Canada. GOGOLD RESOURCES operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange. It employs 185 people. To learn more about GoGold Resources call Bradley Langille at 902 482 1998 or check out https://gogoldresources.com.GoGold Resources Investment Alerts
| GoGold Resources may become a speculative penny stock | |
| GoGold Resources had very high historical volatility over the last 90 days | |
| GoGold Resources has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 30.26 M. Net Loss for the year was (7.89 M) with profit before overhead, payroll, taxes, and interest of 9.48 M. | |
| GoGold Resources has accumulated about 8.99 M in cash with (7.42 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Latest headline from news.google.com: GoGold Resources And 2 Promising Penny Stocks On The TSX - Yahoo Finance Australia |
GoGold Largest EPS Surprises
Earnings surprises can significantly impact GoGold Resources' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2021-05-12 | 2021-03-31 | 0.02 | 0.01 | -0.01 | 50 | ||
2024-02-07 | 2023-12-31 | -0.01 | 8.0E-4 | 0.0108 | 108 | ||
2021-12-16 | 2021-09-30 | 0.01 | -0.0015 | -0.0115 | 115 |
GoGold Market Capitalization
The company currently falls under 'Small-Cap' category with a current market capitalization of 438.27 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate GoGold Resources's market, we take the total number of its shares issued and multiply it by GoGold Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.GoGold Profitablity
GoGold Resources' profitability indicators refer to fundamental financial ratios that showcase GoGold Resources' ability to generate income relative to its revenue or operating costs. If, let's say, GoGold Resources is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, GoGold Resources' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of GoGold Resources' profitability requires more research than a typical breakdown of GoGold Resources' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (0.11) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of 0.35 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.35. | Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.02) | (0.02) | |
| Return On Capital Employed | (0.04) | (0.04) | |
| Return On Assets | (0.02) | (0.02) | |
| Return On Equity | (0.03) | (0.03) |
Management Efficiency
As of the 23rd of November 2024, Return On Tangible Assets is likely to drop to -0.02. In addition to that, Return On Capital Employed is likely to drop to -0.04. At this time, GoGold Resources' Fixed Asset Turnover is very stable compared to the past year. As of the 23rd of November 2024, Asset Turnover is likely to grow to 0.14, while Other Current Assets are likely to drop about 435.9 K. GoGold Resources' management efficiency ratios could be used to measure how well GoGold Resources manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.80 | 0.50 | |
| Net Current Asset Value | 366 K | 325.3 K | |
| Tangible Asset Value | 389.8 K | 346.5 K | |
| Tangible Book Value Per Share | 0.80 | 0.50 | |
| Enterprise Value Over EBITDA | (26.90) | (28.24) | |
| Price Book Value Ratio | 1.15 | 1.78 | |
| Enterprise Value Multiple | (26.90) | (28.24) | |
| Price Fair Value | 1.15 | 1.78 | |
| Enterprise Value | 167.7 M | 118.6 M |
Leadership effectiveness at GoGold Resources is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Operating Margin 0.3476 | Profit Margin (0.11) | Beta 1.502 | Return On Assets 0.0004 | Return On Equity (0.01) |
Technical Drivers
As of the 23rd of November, GoGold Resources retains the Semi Deviation of 3.34, risk adjusted performance of 0.034, and Market Risk Adjusted Performance of (0.20). GoGold Resources technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.GoGold Resources Price Movement Analysis
The output start index for this execution was two with a total number of output elements of fifty-nine. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. GoGold Resources middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for GoGold Resources. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
GoGold Resources Outstanding Bonds
GoGold Resources issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. GoGold Resources uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most GoGold bonds can be classified according to their maturity, which is the date when GoGold Resources has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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GoGold Resources Predictive Daily Indicators
GoGold Resources intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of GoGold Resources stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
GoGold Resources Forecast Models
GoGold Resources' time-series forecasting models are one of many GoGold Resources' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary GoGold Resources' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About GoGold Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how GoGold Resources prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling GoGold shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as GoGold Resources. By using and applying GoGold Stock analysis, traders can create a robust methodology for identifying GoGold entry and exit points for their positions.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | (0.30) | (0.31) | |
| Operating Profit Margin | (0.35) | (0.33) | |
| Net Loss | (0.23) | (0.25) | |
| Gross Profit Margin | (0.15) | (0.14) |
Be your own money manager
As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding GoGold Resources to your portfolios without increasing risk or reducing expected return.Did you try this?
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Other Information on Investing in GoGold Stock
GoGold Resources financial ratios help investors to determine whether GoGold Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GoGold with respect to the benefits of owning GoGold Resources security.