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GoGold Resources
(OTC:GGD)
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Rating:79Outperform
Price Target:
C$4.00
▲(37.93% Upside)
Action:Reiterated
Date:05/09/26
Score is driven primarily by strong financial performance: sharp improvement in profitability and free cash flow alongside an exceptionally low-leverage balance sheet. Technicals are mixed with only moderate momentum and elevated volatility (high beta), while valuation is supportive with a reasonable P/E but no dividend yield data.
Positive Factors
High Margins & Profitability
Sustained TTM gross (~57%) and net (~52%) margins reflect structurally profitable mining operations and favorable recoveries. High margins improve internal funding capacity for sustaining and growth capex, increase resilience to moderate cost pressure, and support durable cash earnings generation.
Negative Factors
Historical Earnings & Cashflow Volatility
Past multi-year swings to losses and negative cash flow demonstrate the company's earnings cyclicality; this makes multi-period planning and consistent reinvestment uncertain. Even with recent strength, the track record indicates outcomes remain sensitive to operational and commodity shifts.
Read all positive and negative factors
Positive Factors
Negative Factors
High Margins & Profitability
Sustained TTM gross (~57%) and net (~52%) margins reflect structurally profitable mining operations and favorable recoveries. High margins improve internal funding capacity for sustaining and growth capex, increase resilience to moderate cost pressure, and support durable cash earnings generation.
Read all positive factors
GoGold Resources (GGD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.37B
Dividend YieldN/A
Average Volume (3M)1.92M
Price to Earnings (P/E)20.5
Beta (1Y)2.30
Revenue Growth67.33%
EPS Growth899.33%
CountryCA
Employees205
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.11
Shares Outstanding433,450,960
10 Day Avg. Volume2,740,677
30 Day Avg. Volume1,918,446
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)1.93
Price to Sales (P/S)9.58
P/FCF Ratio19.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$5.42Price Target Upside86.78% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.12
Revenue Forecast (FY)C$125.43M
GoGold Resources Business Overview & Revenue Model
Company Description
GoGold Resources Inc. engages in the exploration, development, and production of silver, gold, and copper primarily in Mexico It owns the Los Ricos property, which includes Los Ricos South and Los Ricos North projects, that covers 45 concessions w...
How the Company Makes Money
GoGold makes money primarily by producing and selling precious metals. Its main revenue stream is the sale of silver and gold produced from its mining operations, typically sold as dore or concentrates to third-party metal purchasers/smelters/refi...
GoGold Resources Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
80
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 96.74M | 72.50M | 36.50M | 30.26M | 36.05M | 53.23M |
| Gross Profit | 55.43M | 28.54M | 12.19M | -3.95M | 5.32M | 24.63M |
| EBITDA | 68.36M | 40.41M | 10.70M | -6.24M | 6.77M | 13.79M |
| Net Income | 50.49M | 17.33M | 1.58M | -7.89M | 692.00K | 7.08M |
Balance Sheet | ||||||
| Total Assets | 533.86M | 397.69M | 312.43M | 302.42M | 264.68M | 225.32M |
| Cash, Cash Equivalents and Short-Term Investments | 262.35M | 141.11M | 72.03M | 95.23M | 73.34M | 66.84M |
| Total Debt | 956.67K | 797.00K | 788.00K | 775.00K | 1.02M | 959.00K |
| Total Liabilities | 52.95M | 37.42M | 27.93M | 20.87M | 24.35M | 19.06M |
| Stockholders Equity | 480.91M | 360.27M | 284.50M | 281.56M | 240.33M | 206.26M |
Cash Flow | ||||||
| Free Cash Flow | 44.50M | 35.74M | -11.88M | -8.46M | -1.18M | 12.10M |
| Operating Cash Flow | 45.36M | 35.87M | -10.68M | -7.42M | -976.00K | 12.38M |
| Investing Cash Flow | -15.31M | -18.74M | -11.20M | -14.90M | -24.70M | -19.70M |
| Financing Cash Flow | 153.44M | 79.98M | -976.00K | 44.40M | 32.43M | 20.45M |
GoGold Resources Technical Analysis
Neutral
2.90
Price Trends
3.23
Negative
3.06
Positive
2.97
Positive
Market Momentum
-0.03
Positive
45.69
Neutral
19.66
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GGD, the sentiment is Neutral. The current price of 2.9 is below the 20-day moving average (MA) of 3.22, below the 50-day MA of 3.23, and below the 200-day MA of 2.97, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 45.69 is Neutral, neither overbought nor oversold. The STOCH value of 19.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:GGD.
GoGold Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | C$1.37B | 20.46 | 12.12% | ― | 67.33% | 899.33% | |
78 Outperform | C$1.43B | 25.48 | 17.63% | ― | 57.17% | 130.46% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | C$629.00M | 46.66 | 5.06% | ― | 176.40% | ― | |
60 Neutral | C$961.53M | -176.77 | -1.29% | ― | 104.09% | 24.26% | |
50 Neutral | C$2.38B | -58.96 | -95.35% | ― | ― | -59.72% | |
50 Neutral | C$1.04B | -156.52 | -2.99% | ― | ― | 9.12% |
* Basic Materials Sector Average
TSE:GGD
GoGold Resources
3.07
0.92
42.79%
TSE:ASM
Avino Silver & Gold
8.30
2.94
54.85%
TSE:ITR
Integra Resources Corp
3.00
1.01
50.75%
TSE:MTA
Metalla Royalty & Streaming
10.40
4.88
88.41%
TSE:ABRA
AbraSilver Resource
14.57
8.80
152.51%
TSE:NUAG
New Pacific Metals
5.45
3.09
130.93%
GoGold Resources Corporate Events
Business Operations and StrategyFinancial Disclosures
GoGold Uses Strong Parral Cash Flow to Fully Fund Los Ricos South Build
Positive
Apr 15, 2026
GoGold Resources reported second-quarter 2026 production from its Parral tailings mine of 230,680 ounces of silver, 2,549 ounces of gold, 84 tonnes of copper and 93 tonnes of zinc, totaling 394,605 silver equivalent ounces. Silver output rose 13% ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.