GoGold Resources (DB:GGD) - Stock Price, News & Analysis

GGD Stock Overview

Engages in the exploration, development, and production of gold and silver in Mexico. More details

GGD fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	6/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Earnings are forecast to grow 111.06% per year

Risk Analysis

Highly volatile share price over the past 3 months compared to the German market

GoGold Resources Inc. Competitors

Uzin Utz

XTRA:UZU

€244.1m

SIMONA

DB:SIM0

€354.0m

Salzgitter

XTRA:SZG

€926.0m

AlzChem Group

XTRA:ACT

€608.5m

Price History & Performance

Summary of all time highs, changes and price drops for GoGold Resources
Historical stock prices
Current Share Price	CA$0.86
52 Week High	CA$1.21
52 Week Low	CA$0.65
Beta	1.5
11 Month Change	-28.53%
3 Month Change	7.63%
1 Year Change	8.92%
33 Year Change	-65.16%
5 Year Change	95.57%
Change since IPO	-2.99%

Recent updates

Shareholder Returns

	GGD	DE Metals and Mining	DE Market
7D	2.9%	4.8%	-1.3%
1Y	8.9%	-27.0%	7.4%

Return vs Industry: GGD exceeded the German Metals and Mining industry which returned -25.3% over the past year.

Return vs Market: GGD exceeded the German Market which returned 7.1% over the past year.

Price Volatility

Is GGD's price volatile compared to industry and market?
GGD volatility
GGD Average Weekly Movement	11.3%
Metals and Mining Industry Average Movement	11.6%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.8%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: GGD's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: GGD's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
2008	204	Brad Langille	gogoldresources.com

GoGold Resources Inc. engages in the exploration, development, and production of gold and silver in Mexico. The company holds 100 % interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico. It also holds 100% interest in the Los Ricos properties, which includes Los Ricos South and Los Ricos North projects, that covers 42 concessions with an area of approximately 22,000 hectares situated in the Jalisco State, Mexico.

GoGold Resources Inc. Fundamentals Summary

How do GoGold Resources's earnings and revenue compare to its market cap?
GGD fundamental statistics
Market cap	€292.58m
Earnings (TTM)	-€3.28m
Revenue (TTM)	€30.32m

9.6x

P/S Ratio

-89.3x

P/E Ratio

Is GGD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GGD income statement (TTM)
Revenue	US$31.79m
Cost of Revenue	US$19.90m
Gross Profit	US$11.89m
Other Expenses	US$15.32m
Earnings	-US$3.43m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.01
Gross Margin	37.41%
Net Profit Margin	-10.80%
Debt/Equity Ratio	0%

How did GGD perform over the long term?

See historical performance and comparison

GGD Stock Overview

Rewards

Risk Analysis

GoGold Resources Inc. Competitors

XTRA:UZU

€244.1m

DB:SIM0

€354.0m

XTRA:SZG

€926.0m

XTRA:ACT

€608.5m

Price History & Performance

Recent News & Updates

New major risk - Financial position

New major risk - Share price stability

GoGold Resources Inc. Provides an Update on the Activities Related to Their Los Ricos South and Los Ricos North Projects

Third quarter 2024 earnings released: US$0.002 loss per share (vs US$0.008 profit in 3Q 2023)

New major risk - Financial position

GoGold Resources Inc. Announces Board Changes

Recent updates

New major risk - Financial position

New major risk - Share price stability

GoGold Resources Inc. Provides an Update on the Activities Related to Their Los Ricos South and Los Ricos North Projects

Third quarter 2024 earnings released: US$0.002 loss per share (vs US$0.008 profit in 3Q 2023)

New major risk - Financial position

GoGold Resources Inc. Announces Board Changes

Second quarter 2024 earnings released: EPS: US$0.004 (vs US$0.011 loss in 2Q 2023)

First quarter 2024 earnings released: EPS: US$0.001 (vs US$0.01 loss in 1Q 2023)

GoGold Resources Inc., Annual General Meeting, Mar 26, 2024

Full year 2023 earnings released: US$0.025 loss per share (vs US$0.002 profit in FY 2022)

GoGold Resources Inc. Updates on Parral Zinc Circuit and Reports Parral Production

Gogold Resources Inc. Releases Results of Its Updated Preliminary Economic Assessment and Mineral Resource Estimate At Its Los Ricos South Project Located in Jalisco State, Mexico

GoGold Reports Additional Excellent Drilling at Main Area of Los Ricos South

GoGold Resources Inc. Reports Additional Strong Drilling at Main Area of Los Ricos South

Third quarter 2023 earnings released: EPS: US$0.008 (vs US$0.004 in 3Q 2022)

GoGold Resources Inc. Provides Drilling Update At Main Area of Los Ricos South

Gogold Resources Inc. Intercepts High Grade at Los Ricos South

Second quarter 2023 earnings released: US$0.011 loss per share (vs US$0.004 loss in 2Q 2022)

Now 21% undervalued after recent price drop

Now 24% undervalued after recent price drop

Now 21% undervalued

First quarter 2023 earnings released: US$0.01 loss per share (vs US$0.002 loss in 1Q 2022)

GoGold Resources Inc., Annual General Meeting, Mar 23, 2023

GoGold Resources Inc. Announces Additional Drilling Results from Los Ricos South, Within the Eagle and Main Deposits

GoGold Resources Inc. Releases the Results of 8 Drill Holes from the El Favor East Deposit Within Los Ricos North Property

GoGold Resources Inc. Provides Outlook for 2023

Full year 2022 earnings released: EPS: US$0.002 (vs US$0.026 in FY 2021)

Gogold Announces Strong Drilling Results At El Favor

GoGold Resources Inc. Announces Additional Excellent Results At Los Ricos South Main and Eagle Areas

GoGold Resources Inc. Announces Strong Results from New Drilling Program At Los Ricos South Main Area and the Eagle Concession

Gogold Announces Additional Excellent Results At Newly Acquired Eagle Concession

GoGold Resources Inc. (TSX:GGD) acquired Eagle Concession Covering the Northern Strike Extension on the Los Ricos South Property for $2.1 million.

GoGold Resources Inc. Announces Results of Regional Exploration Drilling Program

GoGold Resources Inc. Announces Additional Positive Drilling At El Favor East

Third quarter 2022 earnings released: EPS: US$0.004 (vs US$0.002 in 3Q 2021)

GoGold Announces Additional Positive Drilling At El Favor East

GoGold Resources Inc. Announces Further Positive Results of the Metallurgical Testing of the Los Ricos South Deposit

Second quarter 2022 earnings released: US$0.004 loss per share (vs US$0.01 profit in 2Q 2021)

First quarter 2022 earnings: EPS in line with expectations, revenues disappoint

GoGold Resources Inc., Annual General Meeting, Mar 24, 2022

GoGold Resources Inc. Announces the Results of 6 Drill Holes at El Favor East Within Los Ricos North

GoGold Resources Inc. Announces More Excellent Drilling Results At Mololoa in Los Ricos North

GoGold Resources Inc Announces Strong Drilling Results at El Favor East in Los Ricos North

GoGold Resources Inc. Announces Strong Drilling Results At Mololoa in Los Ricos North

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

GoGold Resources Announces Initial Mineral Resource Estimate at Los Ricos North Project

Investor sentiment deteriorated over the past week

GoGold Receives Positive Initial Metallurgical Results for Los Ricos North

Investor sentiment improved over the past week

Investor sentiment improved over the past week

GoGold Drills 1,127 g/t AgEq over 8.1m Within 82.9m of 265 g/t AgEq at El Favor in Los Ricos North

GoGold Resources Inc. Release the Results of 6 Diamond Drill Holes from the El Orito Area in Its Los Ricos North Project

GoGold Drills 3,435 g/t AgEq over 1.0m within 41.6m of 312 g/t AgEq at Casados in Los Ricos North

Investor sentiment improved over the past week

GoGold Resources Inc. Drills 1,181 g/t AgEq over 1.7m within 38.1m of 186 g/t AgEq at El Orito in Los Ricos North

Gogold Resources Inc. Release Results of 11 New Drill Holes from the Casados Deposit in the Los Ricos North Project

GoGold Drills 5,071 g/t AgEq over 1.0m within 61.3m of 285 g/t AgEq at El Favor in Los Ricos North

GoGold Drills 1,213 G/T Ageq over 1.9M Within 33.6M of 164 G/T Ageq At Casados in Los Ricos North

GoGold Drills 1,007 g/t AgEq Over 4.2m Within 58.0m of 168 g/t AgEq at El Orito in Los Ricos North