Gold Road Resources Stock Current Valuation
ELKMF Stock | USD 1.09 0.02 1.87% |
Valuation analysis of Gold Road Resources helps investors to measure Gold Road's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Overvalued
Today
Please note that Gold Road's price fluctuation is dangerous at this time. Calculation of the real value of Gold Road Resources is based on 3 months time horizon. Increasing Gold Road's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Our valuation method for Gold Road Resources is useful when determining the fair value of the Gold pink sheet, which is usually determined by what a typical buyer is willing to pay for full or partial control of Gold Road. Since Gold Road is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Gold Pink Sheet. However, Gold Road's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. Historical | Market 1.09 | Real 0.9 | Hype 1.09 | Naive 1.04 |
The real value of Gold Pink Sheet, also known as its intrinsic value, is the underlying worth of Gold Road Resources Company, which is reflected in its stock price. It is based on Gold Road's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Gold Road's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Gold Road's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Gold Road Resources helps investors to forecast how Gold pink sheet's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Gold Road more accurately as focusing exclusively on Gold Road's fundamentals will not take into account other important factors: Gold Road Resources Company Current Valuation Analysis
Gold Road's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Gold Road Current Valuation | 1.19 B |
Most of Gold Road's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Gold Road Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Competition |
In accordance with the recently published financial statements, Gold Road Resources has a Current Valuation of 1.19 B. This is 89.59% lower than that of the Basic Materials sector and 69.78% lower than that of the Gold industry. The current valuation for all United States stocks is 92.86% higher than that of the company.
Gold Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Gold Road's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Gold Road could also be used in its relative valuation, which is a method of valuing Gold Road by comparing valuation metrics of similar companies.Gold Road is currently under evaluation in current valuation category among related companies.
Gold Fundamentals
Return On Equity | 0.1 | |||
Return On Asset | 0.0674 | |||
Profit Margin | 0.17 % | |||
Operating Margin | 0.24 % | |||
Current Valuation | 1.19 B | |||
Shares Outstanding | 1.08 B | |||
Shares Owned By Insiders | 4.00 % | |||
Shares Owned By Institutions | 42.61 % | |||
Price To Earning | 16.86 X | |||
Price To Book | 2.73 X | |||
Price To Sales | 3.87 X | |||
Revenue | 274.76 M | |||
Gross Profit | 99.39 M | |||
EBITDA | 120.73 M | |||
Net Income | 36.79 M | |||
Cash And Equivalents | 160.27 M | |||
Cash Per Share | 0.15 X | |||
Total Debt | 115.43 M | |||
Debt To Equity | 0.16 % | |||
Current Ratio | 3.45 X | |||
Book Value Per Share | 0.67 X | |||
Cash Flow From Operations | 89.24 M | |||
Earnings Per Share | 0.04 X | |||
Number Of Employees | 73 | |||
Beta | 0.68 | |||
Market Capitalization | 1.11 B | |||
Total Asset | 652.39 M | |||
Retained Earnings | (51 M) | |||
Working Capital | 87 M | |||
Current Asset | 92 M | |||
Current Liabilities | 5 M | |||
Z Score | 5.4 | |||
Annual Yield | 0.01 % | |||
Net Asset | 652.39 M | |||
Last Dividend Paid | 0.015 |
About Gold Road Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Gold Road Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Gold Road using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Gold Road Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Gold Road
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gold Road position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gold Road will appreciate offsetting losses from the drop in the long position's value.Moving together with Gold Pink Sheet
0.64 | NEM | Newmont Goldcorp Corp Earnings Call Today | PairCorr |
0.64 | GOLD | Barrick Gold Corp Earnings Call This Week | PairCorr |
Moving against Gold Pink Sheet
0.73 | GLUC | Glucose Health Earnings Call This Week | PairCorr |
0.43 | MCAE | Mountain Crest Acqui | PairCorr |
The ability to find closely correlated positions to Gold Road could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gold Road when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gold Road - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gold Road Resources to buy it.
The correlation of Gold Road is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gold Road moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gold Road Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Gold Road can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Gold Road Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Gold Pink Sheet analysis
When running Gold Road's price analysis, check to measure Gold Road's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gold Road is operating at the current time. Most of Gold Road's value examination focuses on studying past and present price action to predict the probability of Gold Road's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Road's price. Additionally, you may evaluate how the addition of Gold Road to your portfolios can decrease your overall portfolio volatility.
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