Executive Summary
Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Western Australia.
Rewards
Risk Analysis
No risks detected for GOR from our risk checks.
Snowflake Analysis
High growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has Gold Road Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GOR has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
6.2%
GOR
3.6%
AU Metals and Mining
3.6%
AU Market
1 Year Return
46.6%
GOR
-3.2%
AU Metals and Mining
-10.7%
AU Market
Return vs Industry: GOR exceeded the Australian Metals and Mining industry which returned -3.2% over the past year.
Return vs Market: GOR exceeded the Australian Market which returned -10.7% over the past year.
Shareholder returns
| GOR | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.2% | 3.6% | 3.6% |
| 30 Day | 0.6% | 1.5% | 3.1% |
| 90 Day | 31.9% | 27.3% | 21.3% |
| 1 Year | 46.6%46.6% | 1.9%-3.2% | -7.1%-10.7% |
| 3 Year | 152.2%152.2% | 67.4%44.1% | 17.6%2.0% |
| 5 Year | 339.0%334.2% | 118.6%74.7% | 36.1%6.6% |
Price Volatility Vs. Market
How volatile is Gold Road Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Independent Non-Executive Director Sharon Warburton Just Bought 125% More Shares In Gold Road Resources Limited (ASX:GOR)1 month ago | Simply Wall St
Shareholders Are Raving About How The Gold Road Resources (ASX:GOR) Share Price Increased 359%2 months ago | Simply Wall St
Is Gold Road Resources (ASX:GOR) Using Debt Sensibly?Valuation
Is Gold Road Resources undervalued compared to its fair value and its price relative to the market?
17.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GOR (A$1.72) is trading below our estimate of fair value (A$2.07)
Significantly Below Fair Value: GOR is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: GOR is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: GOR is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GOR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GOR is overvalued based on its PB Ratio (4.5x) compared to the AU Metals and Mining industry average (1.7x).
Next Steps
Future Growth
How is Gold Road Resources forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
32.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GOR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).
Earnings vs Market: GOR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: GOR's is expected to become profitable in the next 3 years.
Revenue vs Market: GOR's revenue (24.7% per year) is forecast to grow faster than the Australian market (4.2% per year).
High Growth Revenue: GOR's revenue (24.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GOR's Return on Equity is forecast to be low in 3 years time (16.7%).
Next Steps
Past Performance
How has Gold Road Resources performed over the past 5 years?
-11.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GOR is currently unprofitable.
Growing Profit Margin: GOR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GOR is unprofitable, and losses have increased over the past 5 years at a rate of -11.7% per year.
Accelerating Growth: Unable to compare GOR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GOR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-8.4%).
Return on Equity
High ROE: GOR has a negative Return on Equity (-1.38%), as it is currently unprofitable.
Next Steps
Financial Health
How is Gold Road Resources's financial position?
Financial Position Analysis
Short Term Liabilities: GOR's short term assets (A$122.7M) exceed its short term liabilities (A$97.8M).
Long Term Liabilities: GOR's short term assets (A$122.7M) do not cover its long term liabilities (A$173.1M).
Debt to Equity History and Analysis
Debt Level: GOR's debt to equity ratio (23.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if GOR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: GOR's debt is well covered by operating cash flow (43.4%).
Interest Coverage: Insufficient data to determine if GOR's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Gold Road Resources's current dividend yield, its reliability and sustainability?
0.97%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GOR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GOR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GOR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GOR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GOR's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Duncan Gibbs
1.83yrs
Tenure
AU$1,206,891
Compensation
Mr. Duncan Gibbs has been Managing Director & CEO at Gold Road Resources Ltd. since September 17, 2018 and has been its Director since September 2018. Mr. Gibbs has been Sunrise Dam General Manager of Angl ...
CEO Compensation Analysis
Compensation vs Market: Duncan's total compensation ($USD834.76K) is about average for companies of similar size in the Australian market ($USD978.24K).
Compensation vs Earnings: Duncan's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 1.83yrs | AU$1.21m | 0.055% A$837.8k | |
| General Manager of Finance | 2.5yrs | no data | no data | |
| Manager of Corporate Development & Investor Relations | 2.08yrs | no data | no data | |
| Joint Company Secretary and GM of Corporate Development & Legal | 3.42yrs | no data | no data |
2.3yrs
Average Tenure
Experienced Management: GOR's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 1.83yrs | AU$1.21m | 0.055% A$837.8k | |
| Independent Non-Executive Chairman | 4yrs | AU$158.00k | 0.089% A$1.3m | |
| Independent Non-Executive Director | 4.17yrs | AU$100.00k | 0.010% A$154.3k | |
| Independent Non-Executive Director | 2.92yrs | AU$100.00k | 0.025% A$377.3k | |
| Independent Non-Executive Director | 0.083yr | no data | 0.0015% A$22.3k | |
| Exploration Director of Discovery & Growth and Director | 5.5yrs | AU$824.87k | 0.36% A$5.5m |
3.5yrs
Average Tenure
55yo
Average Age
Experienced Board: GOR's board of directors are considered experienced (3.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GOR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Gold Road Resources Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Gold Road Resources Limited
- Ticker: GOR
- Exchange: ASX
- Founded: 2004
- Industry: Gold
- Sector: Materials
- Market Cap: AU$1.510b
- Shares outstanding: 880.35m
- Website: https://www.goldroad.com.au
Location
- Gold Road Resources Limited
- 26 Colin Street
- Level 2
- West Perth
- Western Australia
- 6005
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GOR | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jul 2006 |
| E6Q | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jul 2006 |
| ELKM.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jul 2006 |
| GOR | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jul 2006 |
Biography
Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Western Australia. The company primarily explores for gold deposits. The company owns 50% of the Gruyere gold mine, which was developed in joint venture (JV) with Gold Fields Ltd. The Gruyere JV has mineral resources of 6.6 million ounces, including an ore reserve of 3.7 million ounces. It also controls 100% of tenements covering 4,500 km² across Yamarna with a mineral resource of 0.3 million ounces. The company was formerly known as Eleckra Mines Limited and changed its name to Gold Road Resources Limited in November 2010. Gold Road Resources Limited was founded in 2004 and is based in West Perth, Australia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/03 10:34 |
| End of Day Share Price | 2020/07/03 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.