GoGold Resources (GGD) AI Stock Analysis

• Market Cap: $1.12B
• Dividend Yield: N/A
• Average Volume (3M): 2.13M
• Price to Earnings (P/E): 43.3
• Beta (1Y): 1.88
• Revenue Growth: 104.08%
• EPS Growth: 832.86%
• Country: CA
• Employees: 229
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): 0.02
• Shares Outstanding: 381,195,100
• 10 Day Avg. Volume: 2,033,841
• 30 Day Avg. Volume: 2,131,234
• PEG Ratio: 0.03
• Price to Book (P/B): 1.93
• Price to Sales (P/S): 6.85
• P/FCF Ratio: 19.44
• Enterprise Value/Market Cap: 0.53
• Enterprise Value/Revenue: 5.86
• Enterprise Value/Gross Profit: 18.61
• Enterprise Value/Ebitda: 14.69
• 1Y Price Target: $4.00
• Price Target Upside: 43.29% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.1
• Revenue Forecast (FY): $108.85M

• Rating: 74 Outperform
• Price Target: C$3.00 ▲(7.53% Upside)

GoGold Resources scores well due to its strong financial performance, characterized by robust revenue growth and profitability. Technical analysis supports a positive outlook with bullish momentum. However, the high P/E ratio suggests the stock may be overvalued, which slightly tempers the overall score.

Positive Factors

Revenue Growth

The significant revenue growth indicates robust sales performance and market demand, supporting long-term business expansion and stability.

Cash Generation

Strong cash generation enhances liquidity and operational stability, providing the company with resources to reinvest in growth and manage financial obligations.

Balance Sheet Health

A strong balance sheet with minimal leverage reduces financial risk and enhances the company's ability to withstand economic fluctuations.

Negative Factors

High Valuation

High valuation may limit future stock price appreciation and could indicate over-optimism, potentially impacting investor sentiment and capital raising.

Market Dependency

Dependency on volatile commodity prices can lead to unpredictable revenue and profit margins, challenging long-term financial planning and stability.

No Dividend Yield

Lack of dividend payments may deter income-focused investors, potentially limiting the investor base and affecting stock attractiveness.

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 Chihuahua, Mexico. It also holds an option to acquire 100% concessions of the Los Ricos project, which covers 42 concessions with an area of approximately 22,000 hectares situated in the Jalisco State, Mexico. The company is headquartered in Halifax, Canada.

How the Company Makes Money

GoGold Resources generates revenue primarily through the extraction and sale of gold and silver from its mining operations. The company employs a business model that focuses on developing and operating mining projects, which involves significant investment in exploration, resource development, and production. Key revenue streams include the sale of refined precious metals on the open market, and the company may also benefit from strategic partnerships with other mining firms or financial institutions which can provide additional funding or resources. The fluctuating prices of gold and silver in global markets directly impact the company's earnings, making effective resource management and operational efficiency crucial for maximizing profitability.

GoGold Resources Financial Statement Overview

Summary

GoGold Resources exhibits strong financial health with substantial revenue growth and high profitability margins. The balance sheet is robust with minimal leverage, and cash flow metrics are strong, reflecting excellent cash generation and liquidity.

Income Statement

GoGold Resources has demonstrated strong revenue growth with a 56.42% increase in the latest year, indicating robust sales performance. The company maintains a healthy gross profit margin of 39.37% and a net profit margin of 23.90%, reflecting efficient cost management and profitability. The EBIT and EBITDA margins are also strong at 33.51% and 39.85%, respectively, showcasing operational efficiency.

Balance Sheet

The balance sheet is solid with a very low debt-to-equity ratio of 0.0034, indicating minimal leverage and financial risk. Return on equity is moderate at 6.73%, suggesting reasonable profitability relative to shareholder equity. The equity ratio of 90.61% highlights a strong capital structure with significant equity financing.

Cash Flow

Cash flow performance is impressive with a significant free cash flow growth rate of 85.10%, indicating strong cash generation capabilities. The operating cash flow to net income ratio of 1.14 and free cash flow to net income ratio of 0.996 suggest efficient conversion of income into cash, supporting liquidity and operational stability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	101.38M	101.38M	36.50M	30.26M	36.05M	53.23M
Gross Profit	31.90M	39.91M	12.19M	-3.95M	5.32M	24.63M
EBITDA	40.41M	40.41M	10.70M	-6.24M	6.77M	13.79M
Net Income	24.23M	24.23M	1.58M	-7.89M	692.00K	7.08M
Balance Sheet
Total Assets	397.69M	397.69M	312.43M	302.42M	264.68M	225.32M
Cash, Cash Equivalents and Short-Term Investments	141.11M	141.11M	72.03M	95.23M	73.34M	66.84M
Total Debt	1.21M	1.21M	788.00K	775.00K	1.02M	959.00K
Total Liabilities	37.42M	37.42M	27.93M	20.87M	24.35M	19.06M
Stockholders Equity	360.27M	360.27M	284.50M	281.56M	240.33M	206.26M
Cash Flow
Free Cash Flow	27.65M	35.74M	-11.88M	-8.46M	-1.18M	12.10M
Operating Cash Flow	27.75M	35.87M	-10.68M	-7.42M	-976.00K	12.38M
Investing Cash Flow	-14.66M	-18.74M	-11.20M	-14.90M	-24.70M	-19.70M
Financing Cash Flow	57.06M	79.98M	-976.00K	44.40M	32.43M	20.45M

GoGold Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.79
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 2.79 is above the 20-day moving average (MA) of 2.70, above the 50-day MA of 2.63, and above the 200-day MA of 2.24, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 54.59 is Neutral, neither overbought nor oversold. The STOCH value of 50.57 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ASM	78 Outperform	C$1.33B	40.08	14.35%	―	65.77%	458.38%
GGD	74 Outperform	$1.12B	43.34	5.38%	―	104.08%	832.86%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ABRA	41 Neutral	C$1.60B	―	-122.96%	―	―	-171.41%
NUAG	39 Underperform	C$920.74M	-182.95	-2.40%	―	―	40.00%
GOT	38 Underperform	$407.06M	-13.17	-160.00%	―	―	26.29%

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.