GoGold Stock Today

GGD Stock  CAD 1.40  0.05  3.45%   

Market Performance

0 of 100


Odds Of Distress

Over 68

GoGold Resources is selling at 1.40 as of the 21st of September 2023; that is -3.45 percent decrease since the beginning of the trading day. The stock's open price was 1.45. GoGold Resources has more than 68 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for GoGold Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of August 2023 and ending today, the 21st of September 2023. Click here to learn more.
Business Domain
Basic Materials
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. The company has 326.38 M outstanding shares of which 880.37 K shares are currently shorted by private and institutional investors with about 3.46 days to cover all short positions. More on GoGold Resources

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GoGold Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. GoGold Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding GoGold Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President CEO, DirectorTerence Coughlan
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of GoGold Resources' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
GoGold Resources (GGD) is traded on Toronto Exchange in Canada and employs 204 people. GoGold Resources is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 473.25 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 Resources operates under Metals & Mining sector and is part of Materials industry. The entity has 326.38 M outstanding shares of which 880.37 K shares are currently shorted by private and institutional investors with about 3.46 days to cover all short positions. GoGold Resources has accumulated about 8.99 M in cash with (976 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05.
Check GoGold Resources Probability Of Bankruptcy
GoGold Resources secures a total of 326.38 Million outstanding shares. GoGold Resources retains 6.26 (percent) if its outstanding shares held by insiders and 6.26 (percent) owned by outside corporations . Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation

Check GoGold Ownership Details

GoGold Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of GoGold Resources jumping above the current price in 90 days from now is about 72.81%. The GoGold Resources probability density function shows the probability of GoGold Resources stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon GoGold Resources has a beta of -0.4234. This usually indicates as returns on benchmark increase, returns on holding GoGold Resources are expected to decrease at a much lower rate. During the bear market, however, GoGold Resources is likely to outperform the market. Additionally, the company has an alpha of 0.0487, implying that it can generate a 0.0487 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 1.4HorizonTargetOdds Above 1.4
26.98%90 days
Based on a normal probability distribution, the odds of GoGold Resources to move above the current price in 90 days from now is about 72.81 (This GoGold Resources probability density function shows the probability of GoGold Stock to fall within a particular range of prices over 90 days) .

GoGold Resources Historical Income Statement

GoGold Resources Income Statement is one of the three primary financial statements used for reporting GoGold's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of GoGold Resources revenue and expense. GoGold Resources Income Statement primarily focuses on the company's revenues and expenses during a particular period.
GoGold Resources Net Income is very stable at the moment as compared to the past year. GoGold Resources reported last year Net Income of 622,800. As of 21st of September 2023, Weighted Average Shares is likely to grow to about 279.5 M, while Direct Expenses is likely to drop about 25.5 M. View More Fundamentals

GoGold Stock Against Markets

Picking the right benchmark for GoGold Resources stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in GoGold Resources stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for GoGold Resources is critical whether you are bullish or bearish towards GoGold Resources at a given time. Please also check how GoGold Resources' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in GoGold Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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GoGold Resources Corporate Directors

GoGold Resources corporate directors refer to members of a GoGold Resources board of directors. The board of directors generally takes responsibility for the GoGold Resources' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of GoGold Resources' board members must vote for the resolution. The GoGold Resources board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Terrence CooperIndependent DirectorProfile
Phillip GaunceIndependent DirectorProfile
George WayeIndependent DirectorProfile
Dana HatfieldCFO, DirectorProfile

How to buy GoGold Stock?

Before investing in GoGold Resources, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in GoGold Resources. To buy GoGold Resources stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of GoGold Resources. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase GoGold Resources stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located GoGold Resources stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased GoGold Resources stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as GoGold Resources, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in GoGold Resources?

The danger of trading GoGold Resources is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of GoGold Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than GoGold Resources. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile GoGold Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 inflation. 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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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.