Gogold Resources Stock Buy Hold or Sell Recommendation

GGD Stock  CAD 1.93  0.06  3.21%   
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding GoGold Resources is 'Strong Hold'. The recommendation algorithm takes into account all of GoGold Resources' available fundamental, technical, and predictive indicators you will find on this site.
  
Check out GoGold Resources Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
In addition, we conduct extensive research on individual companies such as GoGold and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards GoGold Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Execute GoGold Resources Buy or Sell Advice

The GoGold recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on GoGold Resources. Macroaxis does not own or have any residual interests in GoGold Resources or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute GoGold Resources' advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell GoGold ResourcesBuy GoGold Resources
Strong Hold

Market Performance

SolidDetails

Volatility

Very riskyDetails

Hype Condition

Under hypedDetails

Current Valuation

OvervaluedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Slowly supersedes the marketDetails

Analyst Consensus

Not AvailableDetails

Reporting Quality (M-Score)

InapplicableDetails
For the selected time horizon GoGold Resources has a Risk Adjusted Performance of 0.2013, Jensen Alpha of 0.7877, Total Risk Alpha of 1.17, Sortino Ratio of 0.2638 and Treynor Ratio of 1.82
We provide advice to complement the regular expert consensus on GoGold Resources. Our dynamic recommendation engine utilizes a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at this particular time. To make sure GoGold Resources is not overpriced, please check out all GoGold Resources fundamentals, including its shares owned by insiders, revenue, total debt, as well as the relationship between the price to earning and net income .

GoGold Resources Trading Alerts and Improvement Suggestions

GoGold Resources may become a speculative penny stock
GoGold Resources appears to be risky and price may revert if volatility continues
GoGold Resources has accumulated about 8.99 M in cash with (10.68 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05.
Latest headline from news.google.com: GoGold Resources Files Feasibility Study for Los Ricos South Project - TipRanks

GoGold Resources Returns Distribution Density

The distribution of GoGold Resources' historical returns is an attempt to chart the uncertainty of GoGold Resources' future price movements. The chart of the probability distribution of GoGold Resources daily returns describes the distribution of returns around its average expected value. We use GoGold Resources price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of GoGold Resources returns is essential to provide solid investment advice for GoGold Resources.
Mean Return
0.75
Value At Risk
-4.46
Potential Upside
7.10
Standard Deviation
3.38
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of GoGold Resources historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

GoGold Resources Cash Flow Accounts

202020212022202320242025 (projected)
Investments(19.7M)(24.7M)(14.9M)(11.2M)(10.1M)(9.6M)
Change In Cash14.2M6.5M21.9M(23.2M)(26.7M)(25.3M)
Depreciation(31.5M)8.4M4.2M5.2M6.0M6.3M
Capital Expenditures280K208K1.0M1.2M1.1M1.0M
Net Income7.1M692K(7.9M)1.6M1.8M1.9M
End Period Cash Flow66.8M73.3M95.2M72.0M82.8M87.0M
Change To Netincome(8.9M)(3.3M)4.5M3.0M2.7M2.8M
Free Cash Flow12.1M(1.2M)(8.5M)(11.9M)(13.7M)(14.3M)
Change To Inventory(5.6M)(14.1M)(11.4M)(16.5M)(14.8M)(15.6M)

GoGold Resources Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to GoGold Resources or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that GoGold Resources' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a GoGold stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
0.79
β
Beta against Dow Jones0.41
σ
Overall volatility
3.37
Ir
Information ratio 0.25

GoGold Resources Volatility Alert

GoGold Resources shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure GoGold Resources' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact GoGold Resources' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

GoGold Resources Fundamentals Vs Peers

Comparing GoGold Resources' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze GoGold Resources' direct or indirect competition across all of the common fundamentals between GoGold Resources and the related equities. This way, we can detect undervalued stocks with similar characteristics as GoGold Resources or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of GoGold Resources' fundamental indicators could also be used in its relative valuation, which is a method of valuing GoGold Resources by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare GoGold Resources to competition
FundamentalsGoGold ResourcesPeer Average
Return On Equity-0.0121-0.31
Return On Asset4.0E-4-0.14
Profit Margin(0.11) %(1.27) %
Operating Margin0.35 %(5.51) %
Current Valuation529.82 M16.62 B
Shares Outstanding329.53 M571.82 M
Shares Owned By Insiders6.40 %10.09 %
Shares Owned By Institutions28.80 %39.21 %
Number Of Shares Shorted2.83 M4.71 M
Price To Earning1.34 X28.72 X
Price To Book1.56 X9.51 X
Price To Sales13.09 X11.42 X
Revenue36.5 M9.43 B
Gross Profit9.48 M27.38 B
EBITDA3 M3.9 B
Net Income1.58 M570.98 M
Cash And Equivalents8.99 M2.7 B
Cash Per Share0.05 X5.01 X
Total Debt27.93 M5.32 B
Debt To Equity51.30 %48.70 %
Current Ratio5.16 X2.16 X
Book Value Per Share0.86 X1.93 K
Cash Flow From Operations(10.68 M)971.22 M
Short Ratio2.24 X4.00 X
Earnings Per Share(0.01) X3.12 X
Target Price3.49
Number Of Employees22918.84 K
Beta1.5-0.15
Market Capitalization402.02 M19.03 B
Total Asset312.43 M29.47 B
Retained Earnings(32.82 M)9.33 B
Working Capital92.19 M1.48 B
Net Asset312.43 M

GoGold Resources Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as GoGold . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About GoGold Resources Buy or Sell Advice

When is the right time to buy or sell GoGold Resources? Buying financial instruments such as GoGold Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2024 2025 (projected)
Working Capital366.0K325.3K
Market Cap205.7M132.8M

Use Investing Ideas to Build Portfolios

In addition to having GoGold Resources in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Other Information on Investing in GoGold Stock

GoGold Resources financial ratios help investors to determine whether GoGold Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GoGold with respect to the benefits of owning GoGold Resources security.