Gogold Resources Stock Current Valuation
| GGD Stock | CAD 1.59 0.06 3.92% |
Valuation analysis of GoGold Resources helps investors to measure GoGold Resources' intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. At this time, GoGold Resources' Enterprise Value Over EBITDA is very stable compared to the past year. As of the 18th of February 2025, Enterprise Value Multiple is likely to grow to 13.83, while Enterprise Value is likely to drop about 119 M. Fundamental drivers impacting GoGold Resources' valuation include:
Overvalued
Today
Please note that GoGold Resources' price fluctuation is dangerous at this time. Calculation of the real value of GoGold Resources is based on 3 months time horizon. Increasing GoGold Resources' time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since GoGold Resources is currently traded on the exchange, buyers and sellers on that exchange determine the market value of GoGold Stock. However, GoGold Resources' intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 1.59 | Real 1.22 | Hype 1.59 | Naive 1.65 |
The intrinsic value of GoGold Resources' stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence GoGold Resources' stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of GoGold Resources helps investors to forecast how GoGold stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of GoGold Resources more accurately as focusing exclusively on GoGold Resources' fundamentals will not take into account other important factors: GoGold Resources Company Current Valuation Analysis
GoGold Resources' Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current GoGold Resources Current Valuation | 419.05 M |
Most of GoGold Resources' fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, GoGold Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
GoGold Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for GoGold Resources is extremely important. It helps to project a fair market value of GoGold Stock properly, considering its historical fundamentals such as Current Valuation. Since GoGold Resources' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of GoGold Resources' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of GoGold Resources' interrelated accounts and indicators.
Click cells to compare fundamentals
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, GoGold Resources has a Current Valuation of 419.05 M. This is 96.33% lower than that of the Metals & Mining sector and 97.85% lower than that of the Materials industry. The current valuation for all Canada stocks is 97.48% higher than that of the company.
GoGold Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses GoGold Resources' direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of GoGold Resources could also be used in its relative valuation, which is a method of valuing GoGold Resources by comparing valuation metrics of similar companies.GoGold Resources is currently under evaluation in current valuation category among its peers.
GoGold Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of GoGold Resources from analyzing GoGold Resources' financial statements. These drivers represent accounts that assess GoGold Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of GoGold Resources' important valuation drivers and their relationship over time.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 589.7M | 328.6M | 280.8M | 228.6M | 205.7M | 132.8M | |
| Enterprise Value | 523.8M | 256.3M | 186.4M | 156.5M | 140.9M | 119.0M |
GoGold Fundamentals
| Return On Equity | -0.0121 | ||||
| Return On Asset | 4.0E-4 | ||||
| Profit Margin | (0.11) % | ||||
| Operating Margin | 0.35 % | ||||
| Current Valuation | 419.05 M | ||||
| Shares Outstanding | 329.53 M | ||||
| Shares Owned By Insiders | 6.40 % | ||||
| Shares Owned By Institutions | 28.80 % | ||||
| Number Of Shares Shorted | 2.83 M | ||||
| Price To Earning | 1.34 X | ||||
| Price To Book | 1.30 X | ||||
| Price To Sales | 10.78 X | ||||
| Revenue | 36.5 M | ||||
| Gross Profit | 9.48 M | ||||
| EBITDA | 3 M | ||||
| Net Income | 1.58 M | ||||
| Cash And Equivalents | 8.99 M | ||||
| Cash Per Share | 0.05 X | ||||
| Total Debt | 27.93 M | ||||
| Debt To Equity | 51.30 % | ||||
| Current Ratio | 5.16 X | ||||
| Book Value Per Share | 0.86 X | ||||
| Cash Flow From Operations | (10.68 M) | ||||
| Short Ratio | 2.24 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Target Price | 3.49 | ||||
| Number Of Employees | 229 | ||||
| Beta | 1.5 | ||||
| Market Capitalization | 402.02 M | ||||
| Total Asset | 312.43 M | ||||
| Retained Earnings | (32.82 M) | ||||
| Working Capital | 92.19 M | ||||
| Net Asset | 312.43 M |
About GoGold Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze GoGold Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of GoGold Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of GoGold Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with GoGold Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GoGold Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GoGold Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with GoGold Stock
Moving against GoGold Stock
The ability to find closely correlated positions to GoGold Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoGold Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GoGold Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GoGold Resources to buy it.
The correlation of GoGold Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GoGold Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoGold Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GoGold Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.