Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Australia.
High growth potential with imperfect balance sheet.
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: E6Q's share price has been volatile over the past 3 months.
7 Day Return
DE Metals and Mining
1 Year Return
DE Metals and Mining
Return vs Industry: E6Q exceeded the German Metals and Mining industry which returned -22% over the past year.
Return vs Market: E6Q exceeded the German Market which returned 12.8% over the past year.
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
No news available
Is Gold Road Resources undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: E6Q (€1.03) is trading above our estimate of fair value (€0.47)
Significantly Below Fair Value: E6Q is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: E6Q is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: E6Q is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate E6Q's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: E6Q is overvalued based on its PB Ratio (4.6x) compared to the DE Metals and Mining industry average (4.2x).
How is Gold Road Resources forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: E6Q is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).
Earnings vs Market: E6Q is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: E6Q's is expected to become profitable in the next 3 years.
Revenue vs Market: E6Q's revenue (43.5% per year) is forecast to grow faster than the German market (5.2% per year).
High Growth Revenue: E6Q's revenue (43.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: E6Q's Return on Equity is forecast to be low in 3 years time (19.1%).
How has Gold Road Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: E6Q is currently unprofitable.
Growing Profit Margin: E6Q is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: E6Q is unprofitable, but has reduced losses over the past 5 years at a rate of 8.2% per year.
Accelerating Growth: Unable to compare E6Q's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: E6Q 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: E6Q has a negative Return on Equity (-10.24%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Gold Road Resources's financial position?
Financial Position Analysis
Short Term Liabilities: E6Q's short term assets (A$78.0M) exceed its short term liabilities (A$40.8M).
Long Term Liabilities: E6Q's short term assets (A$78.0M) do not cover its long term liabilities (A$207.9M).
Debt to Equity History and Analysis
Debt Level: E6Q's debt to equity ratio (19.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if E6Q's debt to equity ratio has reduced over the past 5 years.
Inventory Level: E6Q has a high level of physical assets or inventory.
Debt Coverage by Assets: E6Q's debt is covered by short term assets (assets are 1.2x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: E6Q has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: E6Q has been profitable on average in the past, therefore cash runway is not a concern.
What is Gold Road Resources's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate E6Q's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate E6Q's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if E6Q's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if E6Q'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 E6Q's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Duncan Gibbs 0
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 ($USD326.42K) is below average for companies of similar size in the German market ($USD1.20M).
Compensation vs Earnings: Insufficient data to compare Duncan's compensation with company performance.
|MD, CEO & Director||1.4yrs||AU$491.95k||0.0046% A$41.6k|
|General Manager of Finance||2.1yrs||no data||no data|
|Manager of Business Development & Investor Relations||1.7yrs||no data||no data|
|Joint Company Secretary||3yrs||no data||no data|
|Joint Company Secretary||2.8yrs||no data||no data|
|General Manager of Capability & Culture||1.9yrs||no data||no data|
Experienced Management: E6Q's management team is considered experienced (2 years average tenure).
|MD, CEO & Director||1.4yrs||AU$491.95k||0.0046% A$41.6k|
|Non-Executive Chairman||3.6yrs||AU$158.00k||0.087% A$796.7k|
|Independent Non-Executive Director||3.8yrs||AU$100.00k||0.0046% A$41.6k|
|Independent Non-Executive Director||2.5yrs||AU$100.00k||0.015% A$135.4k|
|Exploration Director – Discovery & Growth and Director||5.1yrs||AU$775.52k||0.34% A$3.1m|
Experienced Board: E6Q's board of directors are considered experienced (3.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Gold Road Resources Limited's company bio, employee growth, exchange listings and data sources
- Name: Gold Road Resources Limited
- Ticker: E6Q
- Exchange: DB
- Founded: 2004
- Industry: Gold
- Sector: Materials
- Market Cap: AU$1.499b
- Listing Market Cap: AU$915.364m
- Shares outstanding: 878.90m
- Website: https://www.goldroad.com.au
- Gold Road Resources Limited
- 26 Colin Street
- Level 2
- West Perth
- Western Australia
|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|
Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Australia. The company primarily explores for gold deposits. It focuses on developing the Yamarna Belt, which covers an area of 6,000 square kilometers located to the east of Laverton in Western Australia. 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||2020/02/22 22:11|
|End of Day Share Price||2020/02/21 00:00|
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.