Gogold Resources Stock Analysis

GGD Stock  CAD 1.00  0.01  1.01%   
GoGold Resources is overvalued with Real Value of 0.94 and Hype Value of 1.0. The main objective of GoGold Resources stock analysis is to determine its intrinsic value, which is an estimate of what GoGold Resources is worth, separate from its market price. There are two main types of GoGold Resources' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect GoGold Resources' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of GoGold Resources' stock to identify patterns and trends that may indicate its future price movements.
The GoGold Resources stock is traded in Canada on Toronto Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Canada. GoGold Resources is usually not traded on Labour Day, Christmas Day, Boxing Day, New Year 's Day, Family Day, Good Friday, Victoria Day, Canada Day, Civic Holiday. GoGold Stock trading window is adjusted to America/Toronto timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and GoGold Resources' ongoing operational relationships across important fundamental and technical indicators.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoGold 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 board of governors.

GoGold Stock Analysis Notes

About 28.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 0.85. Some equities with similar Price to Book (P/B) outperform the market in the long run. GoGold Resources recorded a loss per share of 0.02. 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

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. GoGold Resources' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding GoGold Resources or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
GoGold Resources generated a negative expected return over the last 90 days
GoGold Resources has some characteristics of a very speculative penny stock
GoGold Resources has high historical volatility and very poor performance
GoGold Resources has high likelihood to experience some financial distress in the next 2 years
The company reported the revenue of 30.26 M. Net Loss for the year was (7.89 M) with profit before overhead, payroll, taxes, and interest of 9.48 M.
GoGold Resources has accumulated about 8.99 M in cash with (7.42 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05.

GoGold Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 324.94 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

GoGold Resources' profitability indicators refer to fundamental financial ratios that showcase GoGold Resources' ability to generate income relative to its revenue or operating costs. If, let's say, GoGold Resources is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, GoGold Resources' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of GoGold Resources' profitability requires more research than a typical breakdown of GoGold Resources' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (0.17) %, 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 (0.24) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.24.
Last ReportedProjected for 2024
Return on Investment(1.24)(1.34)
Return on Average Assets 0.25  0.27 
Return on Average Equity 0.28  0.30 

Technical Drivers

As of the 27th of February, GoGold Resources retains the Risk Adjusted Performance of (0.05), coefficient of variation of (1,002), and Market Risk Adjusted Performance of (0.19). GoGold Resources technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down thirteen technical drivers for GoGold Resources, which can be compared to its competitors. Please check out GoGold Resources information ratio, as well as the relationship between the value at risk and kurtosis to decide if GoGold Resources is priced adequately, providing market reflects its last-minute price of 1.0 per share.

GoGold Resources Price Movement Analysis

The output start index for this execution was four with a total number of output elements of fifty-seven. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. GoGold Resources middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for GoGold Resources. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
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GoGold Resources Predictive Daily Indicators

GoGold Resources intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of GoGold Resources stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

GoGold Resources Forecast Models

GoGold Resources' time-series forecasting models are one of many GoGold Resources' stock analysis techniques aimed at predicting 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.

About GoGold Stock Analysis

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.
Last ReportedProjected for 2024
Operating Margin(7.69)(8.29)
EBITDA Margin 17.89  19.30 
Gross Margin 16.97  18.61 
Profit Margin 1.73  1.86 

Be your own money manager

As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding GoGold Resources to your portfolios without increasing risk or reducing expected return.

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoGold 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 board of governors.
Note that the GoGold Resources information on this page should be used as a complementary analysis to other GoGold Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.

Complementary Tools for GoGold Stock analysis

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 the 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.
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Please note, there is a significant difference between GoGold Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if GoGold Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoGold Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.