GDRZ.F Stock Overview
Gold Reserve Inc., an exploration stage company, acquires, explores, and develops mining properties.
Gold Reserve Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$0.98|
|52 Week High||US$1.79|
|52 Week Low||US$0.61|
|1 Month Change||-18.25%|
|3 Month Change||32.57%|
|1 Year Change||-39.44%|
|3 Year Change||-43.94%|
|5 Year Change||-76.07%|
|Change since IPO||-1.90%|
Recent News & Updates
|GDRZ.F||US Metals and Mining||US Market|
Return vs Industry: GDRZ.F underperformed the US Metals and Mining industry which returned -16.6% over the past year.
Return vs Market: GDRZ.F underperformed the US Market which returned -23% over the past year.
|GDRZ.F Average Weekly Movement||16.3%|
|Metals and Mining Industry Average Movement||8.7%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.8%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: GDRZ.F is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 16% a week.
Volatility Over Time: GDRZ.F's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
Gold Reserve Inc., an exploration stage company, acquires, explores, and develops mining properties. It primarily focuses on the Siembra Minera project that holds gold, copper, silver, and other strategic mineral rights comprising an area of approximately 18,950 hectares located in Bolivar, Venezuela. The company was incorporated in 1956 and is based in Spokane, Washington.
Gold Reserve Fundamentals Summary
|GDRZ.F fundamental statistics|
Is GDRZ.F overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GDRZ.F income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.11|
|Net Profit Margin||0.00%|
How did GDRZ.F perform over the long term?See historical performance and comparison
Is GDRZ.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for GDRZ.F?
Other financial metrics that can be useful for relative valuation.
|What is GDRZ.F's n/a Ratio?|
Price to Book Ratio vs Peers
How does GDRZ.F's PB Ratio compare to its peers?
|GDRZ.F PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
VRDR Verde Resources
NSRP.F Novo Resources
HYMC Hycroft Mining Holding
GORO Gold Resource
GDRZ.F Gold Reserve
Price-To-Book vs Peers: GDRZ.F is good value based on its Price-To-Book Ratio (1.7x) compared to the peer average (2.5x).
Price to Earnings Ratio vs Industry
How does GDRZ.F's PE Ratio compare vs other companies in the US Metals and Mining Industry?
Price-To-Book vs Industry: GDRZ.F is expensive based on its Price-To-Book Ratio (1.7x) compared to the US Metals and Mining industry average (1.5x)
Price to Book Ratio vs Fair Ratio
What is GDRZ.F's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||1.7x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate GDRZ.F's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of GDRZ.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate GDRZ.F's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate GDRZ.F's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Gold Reserve forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Gold Reserve has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine Gold Reserve's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Gold Reserve's filings and announcements here.
How has Gold Reserve performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GDRZ.F is currently unprofitable.
Growing Profit Margin: GDRZ.F is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GDRZ.F is unprofitable, and losses have increased over the past 5 years at a rate of 62% per year.
Accelerating Growth: Unable to compare GDRZ.F's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GDRZ.F is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (82.4%).
Return on Equity
High ROE: GDRZ.F has a negative Return on Equity (-19.14%), as it is currently unprofitable.
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How is Gold Reserve's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: GDRZ.F's short term assets ($55.4M) exceed its short term liabilities ($1.2M).
Long Term Liabilities: GDRZ.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GDRZ.F is debt free.
Reducing Debt: GDRZ.F has no debt compared to 5 years ago when its debt to equity ratio was 105.9%.
Debt Coverage: GDRZ.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GDRZ.F has no debt, therefore coverage of interest payments is not a concern.
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What is Gold Reserve current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GDRZ.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GDRZ.F'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 GDRZ.F's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GDRZ.F's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as GDRZ.F has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rockne Timm (76 yo)
Mr. Rockne J. Timm has been the Chief Executive Officer at Gold Reserve Inc. since 1988. Mr. Timm serves as the President of Great Basin since 1981 and MGC Ventures, a subsidiary of Gold Reserve Inc since...
CEO Compensation Analysis
Compensation vs Market: Insufficient data to establish whether Rockne's total compensation is reasonable compared to companies of similar size in the US market.
Compensation vs Earnings: Rockne's compensation has increased whilst the company is unprofitable.
Experienced Management: GDRZ.F's management team is seasoned and experienced (18.7 years average tenure).
Experienced Board: GDRZ.F's board of directors are seasoned and experienced ( 25.3 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
|15 Sep 22||BuyUS$955||Camac Partners, LLC||Company||1,000||US$0.95|
|13 Sep 22||BuyUS$85,489||Camac Partners, LLC||Company||89,600||US$0.97|
|02 Sep 22||BuyUS$36,792||Camac Partners, LLC||Company||39,500||US$0.93|
|30 Aug 22||BuyUS$1,596||Camac Partners, LLC||Company||1,800||US$0.89|
|26 Aug 22||BuyUS$6,181||Camac Partners, LLC||Company||7,000||US$0.88|
|22 Aug 22||BuyUS$11||Camac Partners, LLC||Company||12||US$0.89|
|19 Aug 22||BuyUS$25,711||Camac Partners, LLC||Company||29,727||US$0.89|
|18 Aug 22||BuyUS$44,500||Camac Partners, LLC||Company||50,000||US$0.89|
|16 Aug 22||BuyUS$1,009,574||Camac Partners, LLC||Company||1,124,122||US$0.90|
|16 Aug 22||BuyUS$256,515||Camac Partners, LLC||Company||288,349||US$0.89|
|12 Aug 22||BuyUS$17,436||Camac Partners, LLC||Company||19,400||US$0.90|
|03 Aug 22||BuyUS$7,000||Camac Partners, LLC||Company||8,000||US$0.88|
|29 Jul 22||BuyUS$36,831||Camac Partners, LLC||Company||42,100||US$0.88|
|28 Jul 22||BuyUS$21,684||Camac Partners, LLC||Company||24,700||US$0.88|
|27 Jul 22||BuyUS$137,854||Camac Partners, LLC||Company||163,800||US$0.88|
|15 Jul 22||BuyUS$40,044||Camac Partners, LLC||Company||45,878||US$0.90|
|10 Jun 22||BuyUS$388,091||Camac Partners, LLC||Company||533,000||US$0.79|
|20 May 22||SellUS$288,000||Steelhead Partners, LLC||Company||400,000||US$0.72|
|26 Nov 21||BuyUS$299,706||Camac Partners, LLC||Company||204,155||US$1.62|
|01 Oct 21||SellUS$32,347||Jean-Charles Potvin||Individual||20,000||US$1.62|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Gold Reserve Inc.'s employee growth, exchange listings and data sources
- Name: Gold Reserve Inc.
- Ticker: GDRZ.F
- Exchange: OTCPK
- Founded: 1956
- Industry: Gold
- Sector: Materials
- Implied Market Cap: US$97.656m
- Shares outstanding: 99.55m
- Website: https://www.goldreserveinc.com
Number of Employees
- Gold Reserve Inc.
- 999 West Riverside Avenue
- Suite 401
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GRZ||TSXV (TSX Venture Exchange)||Yes||Class A Common Shares||CA||CAD||Oct 1981|
|GDRZ.F||OTCPK (Pink Sheets LLC)||Yes||Class A Common Shares||US||USD||Oct 1981|
|GODA||DB (Deutsche Boerse AG)||Yes||Class A Common Shares||DE||EUR||Oct 1981|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/25 00:00|
|End of Day Share Price||2022/09/23 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.