GoGold Resources Inc.

TSX:GGD Stock Report

Market Cap: CA$431.7m

GoGold Resources Valuation

Is GGD 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate GGD's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate GGD's fair value for valuation analysis.

Key Valuation Metric

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

Key metric: As GGD is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for GGD. This is calculated by dividing GGD's market cap by their current revenue.
What is GGD's PS Ratio?
PS Ratio9.7x
SalesUS$31.79m
Market CapUS$309.14m

Price to Sales Ratio vs Peers

How does GGD's PS Ratio compare to its peers?

The above table shows the PS ratio for GGD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average10.3x
APM Andean Precious Metals
0.6x24.2%CA$188.2m
SVM Silvercorp Metals
3.7x19.9%CA$1.2b
AYA Aya Gold & Silver
31.6x76.6%CA$1.8b
EDR Endeavour Silver
5.4x20.5%CA$1.7b
GGD GoGold Resources
9.7x77.9%CA$431.7m

Price-To-Sales vs Peers: GGD is good value based on its Price-To-Sales Ratio (9.7x) compared to the peer average (10.3x).

Price to Sales Ratio vs Industry

How does GGD's PS Ratio compare vs other companies in the CA Metals and Mining Industry?

83 CompaniesPrice / SalesEstimated GrowthMarket Cap
LUN Lundin Mining
1.9x5.0%US$7.92b
BTO B2Gold
1.9x8.7%US$3.69b
HBM Hudbay Minerals
1.8x5.0%US$3.59b
STLC Stelco Holdings
1.3x-0.1%US$2.66b
GGD 9.7xIndustry Avg. 3.0xNo. of Companies83PS0816243240+
83 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: GGD is expensive based on its Price-To-Sales Ratio (9.7x) compared to the Canadian Metals and Mining industry average (3x).

Price to Sales Ratio vs Fair Ratio

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

GGD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio9.7x
Fair PS Ratio17x

Price-To-Sales vs Fair Ratio: GGD is good value based on its Price-To-Sales Ratio (9.7x) compared to the estimated Fair Price-To-Sales Ratio (17x).

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 GGD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$1.31
CA$3.49
+166.2%
21.0%CA$4.45CA$2.50n/a4
Nov ’25CA$1.52
CA$3.49
+129.4%
21.0%CA$4.45CA$2.50n/a4
Oct ’25CA$1.29
CA$3.44
+166.5%
22.1%CA$4.45CA$2.50n/a4
Sep ’25CA$1.19
CA$3.44
+188.9%
22.1%CA$4.45CA$2.50n/a4
Aug ’25CA$1.49
CA$3.48
+133.2%
23.3%CA$4.60CA$2.50n/a4
Jul ’25CA$1.34
CA$3.31
+147.2%
23.7%CA$4.60CA$2.50n/a4
Jun ’25CA$1.60
CA$3.14
+96.3%
13.9%CA$3.85CA$2.50n/a5
May ’25CA$1.39
CA$3.08
+121.8%
13.6%CA$3.85CA$2.50n/a6
Apr ’25CA$1.25
CA$3.03
+142.0%
15.7%CA$3.85CA$2.45n/a6
Mar ’25CA$1.09
CA$3.00
+175.2%
16.1%CA$3.85CA$2.45n/a6
Feb ’25CA$1.34
CA$3.06
+128.4%
16.5%CA$3.95CA$2.45n/a5
Jan ’25CA$1.35
CA$3.51
+160.0%
13.4%CA$3.95CA$2.80n/a5
Dec ’24CA$1.50
CA$3.51
+134.0%
13.4%CA$3.95CA$2.80n/a5
Nov ’24CA$1.25
CA$3.51
+180.8%
13.4%CA$3.95CA$2.80CA$1.525
Oct ’24CA$1.21
CA$3.77
+211.6%
11.3%CA$4.40CA$3.10CA$1.295
Sep ’24CA$1.42
CA$3.74
+163.4%
11.2%CA$4.40CA$3.10CA$1.195
Aug ’24CA$1.44
CA$3.74
+159.7%
11.2%CA$4.40CA$3.10CA$1.495
Jul ’24CA$1.52
CA$3.87
+154.6%
8.4%CA$4.50CA$3.60CA$1.345
Jun ’24CA$1.74
CA$3.87
+122.4%
8.4%CA$4.50CA$3.60CA$1.605
May ’24CA$1.80
CA$4.09
+127.2%
13.1%CA$5.00CA$3.60CA$1.395
Apr ’24CA$2.09
CA$4.13
+97.6%
12.1%CA$5.00CA$3.60CA$1.255
Mar ’24CA$2.13
CA$4.03
+89.0%
12.7%CA$5.00CA$3.50CA$1.096
Feb ’24CA$2.28
CA$4.14
+81.5%
14.5%CA$5.00CA$3.40CA$1.344
Jan ’24CA$2.17
CA$3.80
+75.1%
19.1%CA$5.00CA$2.70CA$1.356
Dec ’23CA$2.01
CA$3.77
+87.4%
19.9%CA$5.00CA$2.70CA$1.506
Nov ’23CA$1.55
CA$3.77
+143.0%
19.9%CA$5.00CA$2.70CA$1.256

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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