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GoGold Resources

Market Cap

CA$693.8m

Last Updated

2021/04/20 22:27 UTC

Data Sources

Company Financials +

Executive Summary

GoGold Resources Inc. engages in the exploration, development, and production of gold and silver primarily in Mexico. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.

Share Price & News

How has GoGold Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GGD is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: GGD's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

0.8%

GGD

4.2%

CA Metals and Mining

-0.7%

CA Market


1 Year Return

272.5%

GGD

32.9%

CA Metals and Mining

42.1%

CA Market

Return vs Industry: GGD exceeded the Canadian Metals and Mining industry which returned 31.3% over the past year.

Return vs Market: GGD exceeded the Canadian Market which returned 39.1% over the past year.


Shareholder returns

GGDIndustryMarket
7 Day0.8%4.2%-0.7%
30 Day8.0%6.2%0.3%
90 Day-1.5%2.0%6.3%
1 Year272.5%272.5%34.3%32.9%46.8%42.1%
3 Year504.7%504.7%54.6%51.1%30.0%17.7%
5 Year83.6%83.6%66.2%61.1%56.0%32.6%

Long-Term Price Volatility Vs. Market

How volatile is GoGold Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is GoGold Resources undervalued compared to its fair value and its price relative to the market?

10x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GGD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GGD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: GGD is good value based on its PE Ratio (10x) compared to the CA Metals and Mining industry average (18.4x).

PE vs Market: GGD is good value based on its PE Ratio (10x) compared to the Canadian market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: GGD's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: GGD is overvalued based on its PB Ratio (3x) compared to the CA Metals and Mining industry average (2.9x).


Future Growth

How is GoGold Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-34.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GGD's earnings are forecast to decline over the next 3 years (-34.7% per year).

Earnings vs Market: GGD's earnings are forecast to decline over the next 3 years (-34.7% per year).

High Growth Earnings: GGD's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GGD's revenue (5% per year) is forecast to grow slower than the Canadian market (7.1% per year).

High Growth Revenue: GGD's revenue (5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GGD's Return on Equity is forecast to be low in 3 years time (6.7%).


Past Performance

How has GoGold Resources performed over the past 5 years?

22.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GGD has a high level of non-cash earnings.

Growing Profit Margin: GGD's current net profit margins are higher than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: GGD has become profitable over the past 5 years, growing earnings by 22.2% per year.

Accelerating Growth: GGD's earnings growth over the past year (10373.7%) exceeds its 5-year average (22.2% per year).

Earnings vs Industry: GGD earnings growth over the past year (10373.7%) exceeded the Metals and Mining industry 61.9%.


Return on Equity

High ROE: GGD's Return on Equity (26.2%) is considered high.


Financial Health

How is GoGold Resources's financial position?


Financial Position Analysis

Short Term Liabilities: GGD's short term assets ($77.4M) exceed its short term liabilities ($9.2M).

Long Term Liabilities: GGD's short term assets ($77.4M) exceed its long term liabilities ($4.5M).


Debt to Equity History and Analysis

Debt Level: GGD is debt free.

Reducing Debt: GGD has no debt compared to 5 years ago when its debt to equity ratio was 31%.

Debt Coverage: GGD has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GGD has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is GoGold Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GGD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GGD'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 GGD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GGD'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 GGD's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Brad Langille (59 yo)

5.25yrs

Tenure

US$633,384

Compensation

Mr. Bradley H. Langille, also known as Brad, has been the Chief Executive Officer and President of GoGold Resources Inc. since January 11, 2016 and has been its Director since December 11, 2019. He served ...


CEO Compensation Analysis

Compensation vs Market: Brad's total compensation ($USD633.38K) is about average for companies of similar size in the Canadian market ($USD744.63K).

Compensation vs Earnings: Brad's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: GGD's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: GGD's board of directors are considered experienced (8.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GGD insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.7%.


Top Shareholders

Company Information

GoGold Resources Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GoGold Resources Inc.
  • Ticker: GGD
  • Exchange: TSX
  • Founded: NaN
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Market Cap: CA$693.794m
  • Shares outstanding: 265.82m
  • Website: https://gogoldresources.com

Number of Employees


Location

  • GoGold Resources Inc.
  • Cogswell Tower
  • Suite 1301
  • Halifax
  • Nova Scotia
  • B3J 3K1
  • Canada

Listings


Biography

GoGold Resources Inc. engages in the exploration, development, and production of gold and silver primarily in Mexico. The company holds an interest in the Parral Tailings project, which covers an area of 1...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/20 22:27
End of Day Share Price2021/04/20 00:00
Earnings2020/12/31
Annual Earnings2020/09/30


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.