GoGold (TSE:GGD)
OTHER OTC:GGD
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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
Conservative Balance Sheet
An extremely low debt-to-equity ratio (~0.2%) and a sizable equity base provide durable financial flexibility. Low leverage reduces refinancing and solvency risk across commodity cycles, allowing the company to fund exploration or development with less dependence on dilutive financing or high-cost debt.
Negative Factors
Earnings & Cash Flow Volatility
The company has swung from losses and negative cash flow in prior years to TTM profitability, demonstrating structural cyclicality. Such volatility complicates capital planning, increases the likelihood of periodic financing needs, and makes sustained forecasting and credit assumptions less predictable over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
An extremely low debt-to-equity ratio (~0.2%) and a sizable equity base provide durable financial flexibility. Low leverage reduces refinancing and solvency risk across commodity cycles, allowing the company to fund exploration or development with less dependence on dilutive financing or high-cost debt.
Read all positive factors
GoGold Resources (GGD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.38B
Dividend YieldN/A
Average Volume (3M)1.21M
Price to Earnings (P/E)12.9
Beta (1Y)2.26
Revenue Growth67.33%
EPS Growth899.33%
CountryCA
Employees229
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.11
Shares Outstanding433,375,980
10 Day Avg. Volume1,724,843
30 Day Avg. Volume1,212,258
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$5.25Price Target Upside81.03% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.12
Revenue Forecast (FY)C$124.60M
GoGold Resources Business Overview & Revenue Model
Company Description
GoGold Resources Inc. engages in the exploration, development, and production of gold and silver primarily in Mexico. The company holds an interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihua...
How the Company Makes Money
GoGold makes money primarily through the sale of mineral products when it is in production, and through value creation from advancing exploration and development assets. Historically, at its Parral operation, revenue would be generated by producin...
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
Positive
2.90
Price Trends
2.81
Positive
3.06
Positive
2.81
Positive
Market Momentum
0.13
Negative
57.27
Neutral
39.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GGD, the sentiment is Positive. The current price of 2.9 is below the 20-day moving average (MA) of 2.96, above the 50-day MA of 2.81, and above the 200-day MA of 2.81, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 57.27 is Neutral, neither overbought nor oversold. The STOCH value of 39.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$1.38B | 12.95 | 12.12% | ― | 67.33% | 899.33% | |
78 Outperform | C$1.56B | 16.89 | 17.63% | ― | 57.17% | 130.46% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | C$689.36M | 14.74 | 5.06% | ― | 176.40% | ― | |
50 Neutral | C$2.73B | ― | -95.35% | ― | ― | -59.72% | |
50 Neutral | C$1.24B | ― | -3.07% | ― | ― | 9.12% | |
49 Neutral | C$863.41M | 1,910.26 | -1.29% | ― | 104.09% | 24.26% |
* Basic Materials Sector Average
TSE:GGD
GoGold Resources
3.18
1.33
71.89%
TSE:ASM
Avino Silver & Gold
9.17
5.02
120.96%
TSE:ITR
Integra Resources Corp
3.44
1.35
64.59%
TSE:MTA
Metalla Royalty & Streaming
9.28
5.27
131.42%
TSE:ABRA
AbraSilver Resource
16.72
12.86
333.16%
TSE:NUAG
New Pacific Metals
6.72
4.96
281.82%
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% ...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
GoGold Shareholders Back Board and Auditor at Annual Meeting
Positive
Mar 26, 2026
GoGold Resources Inc. reported that shareholders re-elected all seven incumbent directors at the company’s March 26 annual meeting, with each nominee receiving majority support despite some variation in backing among board members. Sharehold...
Business Operations and Strategy
GoGold Moves Los Ricos South Mine Into Execution Phase in Mexico
Positive
Feb 23, 2026
GoGold Resources has moved its Los Ricos South Project in Jalisco, Mexico into the execution phase, launching detailed design work and starting orders for long lead equipment. The company has advanced underground mine and plant designs, progressed...
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.