GoGold Resources Future Growth

Future criteria checks 6/6

GoGold Resources is forecast to grow earnings and revenue by 135.3% and 77.9% per annum respectively. EPS is expected to grow by 92.8% per annum. Return on equity is forecast to be 20.4% in 3 years.

Key information

135.3%

Earnings growth rate

92.8%

EPS growth rate

Metals and Mining earnings growth	41.0%
Revenue growth rate	77.9%
Future return on equity	20.4%
Analyst coverage	Low
Last updated	15 Oct 2024

Recent future growth updates

Recent updates

Subdued Growth No Barrier To GoGold Resources Inc. (TSE:GGD) With Shares Advancing 32%

Oct 05

Investors Still Waiting For A Pull Back In GoGold Resources Inc. (TSE:GGD)

Aug 01

We're Hopeful That GoGold Resources (TSE:GGD) Will Use Its Cash Wisely

Jun 05

Why Investors Shouldn't Be Surprised By GoGold Resources Inc.'s (TSE:GGD) 26% Share Price Surge

Apr 27

Is There An Opportunity With GoGold Resources Inc.'s (TSE:GGD) 20% Undervaluation?

Mar 08

We Take A Look At Why GoGold Resources Inc.'s (TSE:GGD) CEO Has Earned Their Pay Packet

Mar 18

News Flash: Analysts Just Made An Upgrade To Their GoGold Resources Inc. (TSE:GGD) Forecasts

Mar 17

GoGold Resources Inc. Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next

Feb 12

What You Need To Know About The GoGold Resources Inc. (TSE:GGD) Analyst Downgrade Today

Feb 10

What Does The Future Hold For GoGold Resources Inc. (TSE:GGD)? These Analysts Have Been Cutting Their Estimates

Jan 07

GoGold Resources Inc.'s (TSE:GGD) Intrinsic Value Is Potentially 74% Above Its Share Price

Oct 14

Earnings and Revenue Growth Forecasts

TSX:GGD - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2026	163	105	-43	64	1
9/30/2025	47	18	-33	20	1
9/30/2024	38	6	-12	-6	1
6/30/2024	32	-3	-21	-10	N/A
3/31/2024	30	0	-19	-8	N/A
12/31/2023	29	-5	-18	-6	N/A
9/30/2023	30	-8	-22	-7	N/A
6/30/2023	31	-3	-18	-1	N/A
3/31/2023	33	-4	-25	-2	N/A
12/31/2022	36	-2	-25	-1	N/A
9/30/2022	36	1	-26	-1	N/A
6/30/2022	41	-1	-32	-7	N/A
3/31/2022	45	-1	-26	-3	N/A
12/31/2021	48	2	-21	2	N/A
9/30/2021	53	7	-7	12	N/A
6/30/2021	56	52	-2	15	N/A
3/31/2021	49	52	-1	12	N/A
12/31/2020	44	47	-1	11	N/A
9/30/2020	40	43	-5	6	N/A
6/30/2020	36	-1	-8	3	N/A
3/31/2020	34	-4	-11	-1	N/A
12/31/2019	32	0	-15	-8	N/A
9/30/2019	27	8	-11	-12	N/A
6/30/2019	21	-61	-11	-15	N/A
3/31/2019	21	-61	-8	-12	N/A
12/31/2018	19	-63	-4	-8	N/A
9/30/2018	21	-73	-20	-17	N/A
6/30/2018	22	-7	-20	-17	N/A
3/31/2018	20	-2	N/A	-15	N/A
12/31/2017	19	-2	N/A	-17	N/A
9/30/2017	17	-1	N/A	-8	N/A
6/30/2017	15	-1	N/A	-4	N/A
3/31/2017	16	-2	N/A	-5	N/A
12/31/2016	17	-19	N/A	-4	N/A
9/30/2016	16	-20	N/A	-3	N/A
6/30/2016	19	-22	N/A	-1	N/A
3/31/2016	21	-20	N/A	-1	N/A
12/31/2015	16	-6	N/A	-2	N/A
9/30/2015	13	-6	N/A	-4	N/A
6/30/2015	7	-6	N/A	-14	N/A
3/31/2015	0	-8	N/A	-15	N/A
12/31/2014	N/A	-6	N/A	-12	N/A
9/30/2014	N/A	-7	N/A	-11	N/A
6/30/2014	N/A	-5	N/A	-2	N/A
3/31/2014	N/A	-5	N/A	-2	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GGD is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: GGD is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: GGD is expected to become profitable in the next 3 years.

Revenue vs Market: GGD's revenue (77.9% per year) is forecast to grow faster than the Canadian market (7.1% per year).

High Growth Revenue: GGD's revenue (77.9% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GGD's Return on Equity is forecast to be high in 3 years time (20.4%)

GoGold Resources Future Growth

Future criteria checks 6/6

Key information

Recent future growth updates

Price target increased by 8.8% to CA$3.29

Price target decreased by 9.3% to CA$3.33

Price target decreased by 8.8% to CA$3.41

Consensus revenue estimates increase by 17%

Price target decreased by 9.4% to CA$3.74

Price target increased by 7.0% to CA$4.14

Recent updates

New major risk - Financial position

Subdued Growth No Barrier To GoGold Resources Inc. (TSE:GGD) With Shares Advancing 32%

New major risk - Revenue and earnings growth

GoGold Resources Inc. Provides an Update on the Activities Related to Their Los Ricos South and Los Ricos North Projects

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Investors Still Waiting For A Pull Back In GoGold Resources Inc. (TSE:GGD)

New major risk - Financial position

Price target increased by 8.8% to CA$3.29

We're Hopeful That GoGold Resources (TSE:GGD) Will Use Its Cash Wisely

Chairman exercised options to buy CA$255k worth of stock.

GoGold Resources Inc. Announces Board Changes

Second quarter 2024 earnings released: EPS: US$0.004 (vs US$0.011 loss in 2Q 2023)

Why Investors Shouldn't Be Surprised By GoGold Resources Inc.'s (TSE:GGD) 26% Share Price Surge

The Price Is Right For GoGold Resources Inc. (TSE:GGD) Even After Diving 31%

President recently bought CA$51k worth of stock

Analyst Forecasts Just Became More Bearish On GoGold Resources Inc. (TSE:GGD)

First quarter 2024 earnings released: EPS: US$0.001 (vs US$0.01 loss in 1Q 2023)

GoGold Resources Inc., Annual General Meeting, Mar 26, 2024

Price target decreased by 9.3% to CA$3.33

President exercised options to buy CA$797k worth of stock.

GoGold Resources Inc.'s (TSE:GGD) Popularity With Investors Is Clear

Full year 2023 earnings: EPS and revenues miss analyst expectations

GoGold Resources Inc. Updates on Parral Zinc Circuit and Reports Parral Production

Price target decreased by 8.8% to CA$3.41

President recently bought CA$64k worth of stock

Gogold Resources Inc. Releases Results of Its Updated Preliminary Economic Assessment and Mineral Resource Estimate At Its Los Ricos South Project Located in Jalisco State, Mexico

Consensus revenue estimates increase by 17%

GoGold Reports Additional Excellent Drilling at Main Area of Los Ricos South

GoGold Resources Inc. Reports Additional Strong Drilling at Main Area of Los Ricos South

Third quarter 2023 earnings released: EPS: US$0.008 (vs US$0.004 in 3Q 2022)

GoGold Resources Inc. Provides Drilling Update At Main Area of Los Ricos South

Price target decreased by 9.4% to CA$3.74

Gogold Resources Inc. Intercepts High Grade at Los Ricos South

GoGold Resources Inc.'s (TSE:GGD) P/S Still Appears To Be Reasonable

Second quarter 2023 earnings released: US$0.011 loss per share (vs US$0.004 loss in 2Q 2022)

Now 21% undervalued after recent price drop

President exercised options to buy CA$293k worth of stock.

President exercised options to buy CA$295k worth of stock.

Is There An Opportunity With GoGold Resources Inc.'s (TSE:GGD) 20% Undervaluation?

Now 20% undervalued after recent price drop

First quarter 2023 earnings released: US$0.01 loss per share (vs US$0.002 loss in 1Q 2022)

GoGold Resources Inc., Annual General Meeting, Mar 23, 2023

Price target increased by 7.0% to CA$4.14

GoGold Resources Inc. Announces Additional Drilling Results from Los Ricos South, Within the Eagle and Main Deposits

GoGold Resources Inc. Releases the Results of 8 Drill Holes from the El Favor East Deposit Within Los Ricos North Property

Consensus forecasts updated

GoGold Resources Inc. Provides Outlook for 2023

Full year 2022 earnings released: EPS: US$0.002 (vs US$0.026 in FY 2021)

Gogold Announces Strong Drilling Results At El Favor

GoGold Resources Inc. Announces Additional Excellent Results At Los Ricos South Main and Eagle Areas

GoGold Resources Inc. Announces Strong Results from New Drilling Program At Los Ricos South Main Area and the Eagle Concession

Gogold Announces Additional Excellent Results At Newly Acquired Eagle Concession

GoGold Resources Inc. (TSX:GGD) acquired Eagle Concession Covering the Northern Strike Extension on the Los Ricos South Property for $2.1 million.

GoGold Resources Inc. Announces Results of Regional Exploration Drilling Program

GoGold Resources Inc. Announces Additional Positive Drilling At El Favor East

Third quarter 2022 earnings released: EPS: US$0.004 (vs US$0.002 in 3Q 2021)

Price target decreased to CA$4.15

GoGold Announces Additional Positive Drilling At El Favor East

GoGold Resources Inc. Announces Further Positive Results of the Metallurgical Testing of the Los Ricos South Deposit

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Consensus forecasts updated

Consensus forecasts updated

Independent Director exercised options to buy CA$234k worth of stock.

We Take A Look At Why GoGold Resources Inc.'s (TSE:GGD) CEO Has Earned Their Pay Packet

News Flash: Analysts Just Made An Upgrade To Their GoGold Resources Inc. (TSE:GGD) Forecasts

Consensus forecasts updated

Now 21% undervalued

GoGold Resources Inc. Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next

First quarter 2022 earnings: EPS and revenues miss analyst expectations