GoGold Resources (GGD) AI Stock Analysis

• Market Cap: C$768.16M
• Dividend Yield: N/A
• Average Volume (3M): 1.27M
• Price to Earnings (P/E): 49.6
• Beta (1Y): 1.88
• Revenue Growth: 110.25%
• EPS Growth: N/A
• Country: CA
• Employees: 229
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): 0.03
• Shares Outstanding: 326,875,640
• 10 Day Avg. Volume: 826,709
• 30 Day Avg. Volume: 1,270,181
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: C$2.50 ▼(-15.82% Downside)

GoGold Resources' overall stock score is driven by a strong balance sheet, which provides stability, but is offset by volatility in financial performance and cash flow challenges. Technical analysis indicates mixed signals with a bearish short-term trend. The high P/E ratio suggests potential overvaluation, and the lack of a dividend yield reduces its attractiveness. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Balance Sheet Strength

A strong balance sheet with low leverage provides financial stability and reduces risk, enabling the company to withstand market fluctuations and invest in growth opportunities.

Revenue Growth

Significant revenue growth indicates strong market demand and successful project execution, enhancing the company's market position and potential for future profitability.

Operational Efficiency

High EBIT and EBITDA margins suggest effective cost management and operational efficiency, supporting sustainable profitability and competitive advantage in the mining sector.

Negative Factors

Cash Flow Challenges

Persistent negative free cash flow indicates potential liquidity issues, which could limit the company's ability to fund operations and invest in growth without external financing.

Profitability Volatility

Fluctuating profitability poses a risk to financial stability and investor confidence, potentially impacting the company's ability to maintain consistent earnings and shareholder returns.

Cash Generation Issues

Low cash generation relative to earnings suggests inefficiencies in converting profits into cash, which may affect the company's operational flexibility and financial health.

GoGold Resources Business Overview & Revenue Model

Company Description

GoGold Resources (GGD) is a Canadian mining company focused on the exploration and development of gold and silver projects in Mexico. The company operates primarily in the mining sector and is dedicated to advancing its flagship projects, which include the Los Ricos district, known for its high-grade mineral deposits. GoGold aims to enhance shareholder value through strategic acquisitions and efficient resource management while adhering to sustainable mining practices.

How the Company Makes Money

GoGold Resources generates revenue primarily through the mining and sale of gold and silver. The company monetizes its mineral resources by extracting ore from its mining operations, processing the ore to extract precious metals, and then selling the resultant gold and silver to the market. Key revenue streams include direct sales of mined minerals, as well as potential royalties from joint venture agreements or partnerships with other mining companies. The company may also benefit from strategic partnerships that enhance its operational capabilities or access to new markets, contributing to its overall earnings.

GoGold Resources Financial Statement Overview

Summary

GoGold Resources demonstrates a stable balance sheet with low leverage and strong equity, which is a significant positive. However, the income statement reflects volatility in revenue and profit margins, while cash flow challenges persist, impacting liquidity. The company shows resilience with recent improvements, but consistent cash flow management and sustained profitability are crucial for future growth and stability.

Income Statement

GoGold Resources shows a mixed performance in its income statement. The TTM data indicates a modest revenue growth from the previous year, with a Gross Profit Margin of 34.9% and an improved Net Profit Margin of 2.8%. However, the company has experienced fluctuating revenues over the past years, and there was a notable decline in profitability in 2023. The EBIT Margin of 17.4% and EBITDA Margin of 31.3% suggest reasonable operational efficiency, but past volatility in earnings remains a concern.

Balance Sheet

The balance sheet is strong, with a healthy equity position and low debt levels. The Debt-to-Equity Ratio is exceptionally low, indicating minimal leverage and financial risk. The Return on Equity (ROE) in the latest period is positive, showing recovery from previous negative earnings. An Equity Ratio of 89.7% reflects a solid asset base supported by equity, providing stability against market fluctuations.

Cash Flow

Cash flow analysis reveals challenges with consistent negative free cash flow over several periods, although TTM data shows a reduction in free cash flow deficit. The Operating Cash Flow to Net Income Ratio is low, indicating potential cash generation issues relative to earnings. Continued negative Free Cash Flow to Net Income Ratio highlights pressure on liquidity and cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	64.81M	36.50M	30.26M	36.05M	53.23M	39.55M
Gross Profit	22.91M	12.19M	-3.95M	5.32M	24.63M	8.95M
EBITDA	24.09M	10.70M	-6.24M	6.77M	13.79M	47.26M
Net Income	12.15M	1.58M	-7.89M	692.00K	7.08M	43.15M
Balance Sheet
Total Assets	387.78M	312.43M	302.42M	264.68M	225.32M	183.10M
Cash, Cash Equivalents and Short-Term Investments	139.03M	72.03M	95.23M	73.34M	66.84M	52.63M
Total Debt	942.00K	788.00K	775.00K	1.02M	959.00K	1.69M
Total Liabilities	33.69M	27.93M	20.87M	24.35M	19.06M	12.27M
Stockholders Equity	354.09M	284.50M	281.56M	240.33M	206.26M	170.83M
Cash Flow
Free Cash Flow	19.31M	-11.88M	-8.46M	-1.18M	12.10M	3.71M
Operating Cash Flow	19.40M	-10.68M	-7.42M	-976.00K	12.38M	5.95M
Investing Cash Flow	-13.05M	-11.20M	-14.90M	-24.70M	-19.70M	-5.88M
Financing Cash Flow	56.61M	-976.00K	44.40M	32.43M	20.45M	50.93M

GoGold Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.97
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GGD, the sentiment is Negative. The current price of 2.97 is above the 20-day moving average (MA) of 2.63, above the 50-day MA of 2.61, and above the 200-day MA of 2.07, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 37.55 is Neutral, neither overbought nor oversold. The STOCH value of 4.91 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GGD.

GoGold Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ASM	71 Outperform	C$879.72M	37.66	11.47%	―	58.97%	849.69%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GGD	57 Neutral	C$768.16M	49.57	3.81%	―	110.25%	―
ABRA	41 Neutral	$1.03B	-22.48	-79.33%	―	―	-193.85%
NUAG	39 Underperform	C$538.16M	―	-2.77%	―	―	37.50%
GOT	38 Underperform	$429.12M	-11.17	-162.94%	―	―	9.94%

GoGold Resources Corporate Events

GoGold Resources Reports 45% Increase in Annual Production

GoGold Resources has reported a significant 45% increase in annual production, reaching 2,150,192 silver equivalent ounces for the year ending September 30, 2025. This boost in production, primarily from the Parral Tailings mine, has resulted in improved cash flow and a strong balance sheet, positioning the company well for upcoming projects, including the development of Los Ricos North and South. The increase in production and robust financial position are expected to enhance GoGold’s operational capabilities and market positioning.

The most recent analyst rating on (TSE:GGD) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on GoGold Resources stock, see the TSE:GGD Stock Forecast page.

GoGold Resources Reports Promising Drilling Results at Los Ricos South

GoGold Resources has announced promising results from its 2025 exploration program at the Los Ricos South Project in Mexico, particularly in the Eagle and Abra Zones. The drilling program revealed significant mineralization, with highlights including high-grade silver and gold intersections, suggesting potential for resource expansion and new ore shoots, which could enhance the company’s market position and stakeholder value.

The most recent analyst rating on (TSE:GGD) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on GoGold Resources stock, see the TSE:GGD Stock Forecast page.

GoGold Reports Strong Q3 2025 Financial Results

GoGold Resources Inc. is a Canadian-based silver and gold producer focused on operating, developing, exploring, and acquiring high-quality projects in Mexico, with a particular emphasis on low-cost, high-margin operations.

GoGold Resources Reports Robust Q3 2025 Financial Results

GoGold Resources reported strong financial results for Q3 2025, with a net income of $8.2 million and revenue of $17.7 million from the sale of silver equivalent ounces. The Parral tailings reprocessing project significantly contributed to the company’s cash flow, generating $7 million in operating cash flow, which exceeded spending at Los Ricos and corporate costs. The company’s cash position increased to $139 million, bolstered by a $57 million financing, positioning GoGold well for future developments, including the anticipated permit for the Los Ricos South project.

The most recent analyst rating on (TSE:GGD) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on GoGold Resources stock, see the TSE:GGD Stock Forecast page.