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Gold Reserve
(GRZ)
Gold Reserve (GRZ) vs. iShares MSCI Canada ETF (EWC)
Gold Reserve Business Overview & Revenue Model
Gold Reserve Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.01M | 3.17M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 2.01M | 3.17M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -16.17M | -8.80M | -6.22M | -6.70M | -7.99M | -6.27M |
| Net Income | -28.43M | -15.19M | -23.12M | -8.60M | -10.60M | -11.52M |
Balance Sheet | ||||||
| Total Assets | 92.62M | 79.04M | 39.74M | 52.94M | 60.64M | 69.44M |
| Cash, Cash Equivalents and Short-Term Investments | 91.70M | 78.42M | 39.07M | 42.98M | 49.22M | 57.50M |
| Total Debt | 234.67K | 0.00 | 0.00 | 0.00 | 77.09K | 169.91K |
| Total Liabilities | 20.23M | 13.94M | 11.16M | 1.35M | 610.56K | 1.01M |
| Stockholders Equity | 72.39M | 65.10M | 28.58M | 51.59M | 60.03M | 68.42M |
Cash Flow | ||||||
| Free Cash Flow | -20.59M | -12.05M | -7.43M | -6.36M | -8.61M | -4.61M |
| Operating Cash Flow | -20.48M | -12.05M | -7.43M | -6.36M | -8.61M | -4.56M |
| Investing Cash Flow | 26.53M | -3.50M | 576.09K | -27.37M | 313.01K | 152.02K |
| Financing Cash Flow | 28.75M | 49.84M | 1.08K | 0.00 | 0.00 | 0.00 |
Gold Reserve Technical Analysis
Gold Reserve Risk Analysis
Gold Reserve Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | C$243.19M | -34.92 | -19.45% | ― | ― | 80.28% | |
57 Neutral | C$325.51M | -111.11 | -2.02% | ― | ― | -40.00% | |
54 Neutral | C$364.05M | -34.49 | -22.27% | ― | ― | 50.13% | |
52 Neutral | C$338.96M | -30.60 | -47.58% | ― | ― | 32.22% | |
52 Neutral | C$386.51M | -78.74 | -1.98% | ― | ― | 62.97% | |
49 Neutral | C$660.21M | -15.57 | -39.84% | ― | ― | -141.86% |
Gold Reserve Corporate Events
Gold Reserve has filed an appeal with the U.S. Court of Appeals for the Third Circuit challenging the judicially approved sale of shares in PDV Holdings, Inc. to Elliott/Amber Energy, arguing that the winning bid was roughly $2 billion lower than its own and contravenes Delaware law requiring sale to the highest bidder, while also alleging conflicts of interest involving the court-appointed Special Master and advisors. As it presses its legal case and prepares for a possible resumption of activities in Venezuela, the company has reached a settlement with its lending banks over commitment fees related to its PDVH bid, agreeing to pay about $5 million from cash on hand and to fund any additional amounts only from proceeds it may receive if the Elliott transaction ultimately closes, thereby managing short-term obligations while preserving liquidity and banking relationships.
The most recent analyst rating on (TSE:GRZ) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Gold Reserve stock, see the TSE:GRZ Stock Forecast page.
Gold Reserve Ltd. has granted 1,525,000 stock options to its directors, officers, employees and key consultants, exercisable over five years at US$3.64 per share under the company’s equity incentive plan, aligning management and staff compensation with shareholder interests. The company also strengthened its executive bench by appointing Sai Ahmed as Chief Operating Officer and Mackenzie Clark as Chief Legal Officer, moves that underscore a focus on operational execution and legal and regulatory oversight as it advances its strategic plans.
The most recent analyst rating on (TSE:GRZ) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Gold Reserve stock, see the TSE:GRZ Stock Forecast page.
Gold Reserve has publicly endorsed recent U.S. actions aimed at bringing Venezuelan leader Nicolás Maduro to justice, tying its support to the regime’s alleged human rights abuses, including the imprisonment and mistreatment of company colleague Jose Ignacio Moreno Suarez. The company highlights its long-running disputes with Venezuela over the expropriation of its Brisas project and Siembra Minera joint venture, denounces the alleged illegal mining of those assets under Maduro’s control, and says that while it cannot predict if or when it can resume operations in the country, it remains financially and operationally prepared to return and participate in a post-Maduro transition and recovery once conditions permit.
The most recent analyst rating on (TSE:GRZ) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Gold Reserve stock, see the TSE:GRZ Stock Forecast page.
Gold Reserve Ltd. has filed a statement with the U.S. Court of Appeals for the Third Circuit to support a stay pending appeal concerning the judicial sale of PDVH Shares. The company argues that the sale process was flawed and seeks to maintain the current situation while the appeals are reviewed. This legal maneuver is part of ongoing litigation involving various parties, including the Venezuelan government and other stakeholders, highlighting the complex legal landscape surrounding the sale and its implications for creditors and shareholders.
Gold Reserve Ltd., a company involved in the legal proceedings concerning the sale of PDVH shares, has filed an appeal against a U.S. District Court decision that approved a bid from Elliott/Amber Energy over their own higher bid. This appeal, along with similar actions by the Venezuela Parties, seeks to challenge the court’s decision and potentially alter the outcome of the sale process, which has significant implications for the company’s financial interests and its position in ongoing legal disputes.
Gold Reserve Ltd. has announced that the U.S. District Court for the District of Delaware has authorized the sale of PDVH Shares to Elliott/Amber Energy. However, the completion of the sale is contingent upon receiving necessary regulatory approvals. This development is significant as it could impact Gold Reserve’s financial recovery efforts related to its arbitral award and U.S. judgment against Venezuela. The outcome of this sale process holds implications for the company’s operations and its ability to satisfy outstanding claims, as well as its positioning in ongoing legal and financial disputes.
Gold Reserve Ltd. announced that the U.S. District Court for the District of Delaware has decided to accept a $5.9 billion bid from Elliott/Amber Energy for the sale of PDVH shares, despite Gold Reserve’s higher bid of $7.9 billion. The decision, which Gold Reserve opposes, highlights concerns over conflicts of interest and significant fees collected by advisors involved in the sale process. Gold Reserve plans to explore appellate remedies to protect its interests. The court’s decision is pending final regulatory approvals, including a license from the Office of Foreign Assets Control.
Gold Reserve Ltd. announced a favorable outcome in its arbitration against Banco De Desarrollo Economico Y Social De Venezuela (BANDES), securing a final award of nearly $29 million. This decision marks a significant step for Gold Reserve in its efforts to recover funds held by BANDES, with ongoing proceedings in Portugal aimed at enforcing the award. The outcome could impact the company’s financial position and its ability to pursue further legal actions, while also highlighting the complexities involved in international arbitration and enforcement.
Gold Reserve Ltd. announced that the Canada Revenue Agency (CRA) has completed its audit of the company’s international transactions, resulting in no net adjustments to its Canadian tax filings for the reviewed years. This conclusion removes any proposed reassessments by the CRA, potentially stabilizing the company’s financial standing and alleviating concerns among stakeholders about future tax liabilities.
Gold Reserve Ltd., a company involved in legal proceedings related to the sale of assets connected to Venezuela, announced that its Petition for Writ of Mandamus was denied by the U.S. Court of Appeals for the Third Circuit. The denial impacts the company’s ongoing legal strategy and may affect its financial recovery efforts related to its claims against Venezuela. The company is exploring other legal options to pursue its interests.
Gold Reserve Ltd. has appointed Michael Johnston as the new Chair of the Board, succeeding Robert Cohen. Johnston, a seasoned board member, is expected to leverage his extensive experience to guide the company in achieving its strategic goals, marking a significant leadership transition aimed at strengthening the company’s operations and market position.
Gold Reserve Ltd. has announced updates on its legal proceedings related to the Citgo sale process. The U.S. District Court for the District of Delaware denied Gold Reserve’s motion to disqualify the Special Master and his advisors overseeing the sale, citing conflicts of interest. The company disagrees with the ruling and plans to pursue appellate remedies. Additionally, the Delaware Court of Chancery has decided not to expedite Gold Reserve’s motion for a preliminary injunction against Rusoro Mining Ltd., opting to wait for developments in the Citgo sale process.
Gold Reserve Ltd. has initiated legal action against Rusoro Mining Ltd. in the Delaware Court of Chancery, alleging that Rusoro breached its contractual obligations related to a consortium agreement concerning the Citgo sale process. The company is seeking injunctive relief to prevent Rusoro from participating in the sale process, which could have significant implications for Gold Reserve’s strategic operations and its positioning within the industry.
Gold Reserve Ltd. has filed a Petition for Writ of Mandamus with the U.S. Court of Appeals for the Third Circuit, seeking to halt further proceedings in the Citgo Sale Process until a decision is made on their motion to disqualify certain judicial figures involved. This legal maneuver is part of the company’s ongoing efforts to influence the outcome of the Citgo Sale Process, which could have significant implications for its financial recovery and strategic positioning within the industry.
Gold Reserve Ltd. has provided an update on the ongoing legal proceedings related to the sale of Citgo, as per the schedule set by the U.S. District Court for the District of Delaware. The company and other parties have filed their Post-Trial Answering Briefs, and several key hearings are scheduled to take place in the coming days. This process is crucial for Gold Reserve as it may impact the company’s strategic positioning and financial interests, particularly concerning its bid for the purchase of PDVH shares. The outcome of these proceedings could have significant implications for stakeholders, influencing the company’s operational and financial trajectory.