GoGold Stock Analysis

GoGold Stock Analysis Notes

About 24.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.78. Some equities with similar Price to Book (P/B) outperform the market in the long run. GoGold Resources recorded a loss per share of 0.01. The entity had not issued any dividends in recent years. GoGold Resources Inc. engages in the exploration, development, and production of mineral properties in Mexico. The company was incorporated in 2008 and is headquartered in Halifax, Canada. GOGOLD RESOURCES operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange. It employs 185 people. To learn more about GoGold Resources call Terence Coughlan at 902-482-1998 or check out https://gogoldresources.com.

GoGold Resources Investment Alerts

GoGold Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 704.2 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate GoGold Resources's market, we take the total number of its shares issued and multiply it by GoGold Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

GoGold Profitablity

The company has Profit Margin (PM) of (0.05) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.17) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.17.

Management Efficiency

The entity has return on total asset (ROA) of (0.015) % which means that it has lost $0.015 on every $100 spent on asset. This is way below average. GoGold Resources management efficiency ratios could be used to measure how well gogold resources manages its routine affairs as well as how well it operates its assets and liabilities. GoGold Resources Return on Average Assets are very stable at the moment as compared to the past year. GoGold Resources reported last year Return on Average Assets of 0.25. As of 1st of April 2023, Return on Average Equity is likely to grow to 0.30, while Return on Investment is likely to drop (1.34) . GoGold Resources Total Assets are very stable at the moment as compared to the past year. GoGold Resources reported last year Total Assets of 238.21 Million. As of 1st of April 2023, Current Assets is likely to grow to about 86.6 M, while Total Assets Per Share are likely to drop 0.72.

Technical Drivers

GoGold Resources Price Movement Analysis

GoGold Resources Technical and Predictive Indicators

GoGold Resources Forecast Models

GoGold Resources time-series forecasting models is one of many GoGold Resources' stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary GoGold Resources' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how GoGold Resources prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling GoGold shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual Stock such as GoGold Resources. By using and applying GoGold Stock analysis, traders can create a robust methodology for identifying GoGold entry and exit points for their positions.

Check out Risk vs Return Analysis. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

When running GoGold Resources price analysis, check to measure GoGold Resources' 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 GoGold Resources is operating at the current time. Most of GoGold Resources' value examination focuses on studying past and present price action to predict the probability of GoGold Resources' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move GoGold Resources' price. Additionally, you may evaluate how the addition of GoGold Resources to your portfolios can decrease your overall portfolio volatility.