Gold Road Resources Limited

ASX:GOR Stock Report

Market Cap: AU$2.2b

Gold Road Resources Valuation

Is GOR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of GOR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GOR (A$2.03) is trading below our estimate of fair value (A$4.17)

Significantly Below Fair Value: GOR is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GOR?

Key metric: As GOR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GOR. This is calculated by dividing GOR's market cap by their current earnings.
What is GOR's PE Ratio?
PE Ratio21.3x
EarningsAU$103.08m
Market CapAU$2.20b

Price to Earnings Ratio vs Peers

How does GOR's PE Ratio compare to its peers?

The above table shows the PE ratio for GOR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.5x
RMS Ramelius Resources
11.5x-4.2%AU$2.5b
WGX Westgold Resources
28.8x35.3%AU$2.7b
PRU Perseus Mining
6.9x-9.3%AU$3.6b
WAF West African Resources
10.9x28.6%AU$1.7b
GOR Gold Road Resources
21.3x21.5%AU$2.2b

Price-To-Earnings vs Peers: GOR is expensive based on its Price-To-Earnings Ratio (21.3x) compared to the peer average (14.5x).

Price to Earnings Ratio vs Industry

How does GOR's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KCN Kingsgate Consolidated
1.7x-13.3%US$206.23m
RHI Red Hill Minerals
1.7xn/aUS$164.51m
GRR Grange Resources
2.4xn/aUS$158.54m
PTN Patronus Resources
1.8xn/aUS$49.96m
GOR 21.3xIndustry Avg. 12.8xNo. of Companies10PE01020304050+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GOR is expensive based on its Price-To-Earnings Ratio (21.3x) compared to the Australian Metals and Mining industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is GOR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GOR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.3x
Fair PE Ratio21.1x

Price-To-Earnings vs Fair Ratio: GOR is expensive based on its Price-To-Earnings Ratio (21.3x) compared to the estimated Fair Price-To-Earnings Ratio (21.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GOR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$2.03
AU$2.28
+12.2%
9.4%AU$2.55AU$1.75n/a11
Dec ’25AU$1.87
AU$2.21
+18.4%
10.4%AU$2.50AU$1.75n/a11
Nov ’25AU$1.98
AU$2.20
+11.2%
10.0%AU$2.50AU$1.75n/a12
Oct ’25AU$1.69
AU$1.98
+17.7%
9.6%AU$2.20AU$1.60n/a12
Sep ’25AU$1.63
AU$1.92
+18.1%
11.5%AU$2.20AU$1.50n/a13
Aug ’25AU$1.72
AU$1.93
+12.2%
13.1%AU$2.35AU$1.50n/a13
Jul ’25AU$1.75
AU$1.94
+11.3%
13.4%AU$2.55AU$1.50n/a13
Jun ’25AU$1.65
AU$1.90
+15.2%
11.2%AU$2.20AU$1.50n/a13
May ’25AU$1.60
AU$1.86
+16.7%
15.2%AU$2.30AU$1.30n/a13
Apr ’25AU$1.58
AU$1.73
+9.7%
13.9%AU$2.15AU$1.30n/a13
Mar ’25AU$1.49
AU$1.73
+16.2%
14.1%AU$2.15AU$1.30n/a13
Feb ’25AU$1.47
AU$1.72
+17.1%
13.4%AU$2.00AU$1.30n/a12
Jan ’25AU$1.97
AU$1.98
+0.9%
9.1%AU$2.25AU$1.65n/a12
Dec ’24AU$1.92
AU$1.98
+3.1%
9.5%AU$2.25AU$1.60AU$1.8712
Nov ’24AU$1.89
AU$1.97
+4.7%
10.0%AU$2.25AU$1.60AU$1.9811
Oct ’24AU$1.62
AU$1.89
+16.4%
11.8%AU$2.20AU$1.50AU$1.6911
Sep ’24AU$1.76
AU$1.89
+7.7%
11.8%AU$2.20AU$1.50AU$1.6310
Aug ’24AU$1.71
AU$1.89
+10.2%
12.1%AU$2.25AU$1.50AU$1.7210
Jul ’24AU$1.49
AU$1.86
+25.3%
13.8%AU$2.25AU$1.40AU$1.759
Jun ’24AU$1.83
AU$1.95
+6.6%
12.6%AU$2.35AU$1.50AU$1.659
May ’24AU$1.83
AU$1.95
+6.6%
12.6%AU$2.35AU$1.50AU$1.609
Apr ’24AU$1.70
AU$1.81
+6.3%
9.7%AU$2.05AU$1.50AU$1.588
Mar ’24AU$1.51
AU$1.79
+18.8%
11.0%AU$2.05AU$1.50AU$1.498
Feb ’24AU$1.60
AU$1.80
+12.5%
10.6%AU$2.05AU$1.50AU$1.478
Jan ’24AU$1.69
AU$1.78
+5.0%
6.9%AU$2.05AU$1.60AU$1.978
Dec ’23AU$1.80
AU$1.74
-3.2%
7.4%AU$1.95AU$1.50AU$1.928

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 02:20
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

Gold Road Resources Limited is covered by 22 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightBarclay Pearce Capital Pty Limited
Daniel MorganBarrenjoey Markets Pty Limited
Mollie UrquhartBarrenjoey Markets Pty Limited