Gold Road Resources Ltd
ASX:GOR
Intrinsic Value
Gold Road Resources Ltd. operates as a gold exploration company. [ Read More ]
The intrinsic value of one GOR stock under the Base Case scenario is 1.92 AUD. Compared to the current market price of 1.56 AUD, Gold Road Resources Ltd is Undervalued by 19%.
Valuation Backtest
Gold Road Resources Ltd
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Fundamental Analysis
Gold Road's Quarterly Performance and Guidance
2023-Q4 Earnings Call
In the December quarter, Gold Road Resources reported gold production of 74,659 ounces from the Gruyere mine, with an all-in sustaining cost (AISC) of AUD 1,973 per ounce—a quarter-on-quarter increase largely due to lower gold production attributed to mining underperformance and lower-than-planned ore mining. This resulted in meeting the lower end of CY 2023 guidance at 322,000 ounces at an AISC of AUD 1,662 per ounce, just AUD 2 outside the forecasted range. Free cash flow declined from AUD 52 million in the previous quarter to nearly AUD 14 million, though the company remains in a strong financial position with nearly AUD 150 million in cash and no debt. For 2024, Gold Road anticipates producing between 300,000 and 335,000 ounces at an AISC of AUD 1,900 to AUD 2,050 per ounce. The company also maintains significant exploration activities, focusing on resource definition drilling at Gilmour and shifting attention in Yamarna to 100% Gold Road Resources targeted properties, with drilling already underway.
Balance Sheet Decomposition
Gold Road Resources Ltd
Current Assets | 195.2m |
Cash & Short-Term Investments | 144.1m |
Receivables | 4.5m |
Other Current Assets | 46.6m |
Non-Current Assets | 983.1m |
Long-Term Investments | 465m |
PP&E | 505.8m |
Other Non-Current Assets | 12.3m |
Current Liabilities | 85.1m |
Accounts Payable | 15.8m |
Accrued Liabilities | 30.5m |
Other Current Liabilities | 38.8m |
Non-Current Liabilities | 150.7m |
Long-Term Debt | 114.8m |
Other Non-Current Liabilities | 35.9m |
Earnings Waterfall
Gold Road Resources Ltd
Revenue
|
472.1m
AUD
|
Cost of Revenue
|
-251.2m
AUD
|
Gross Profit
|
220.9m
AUD
|
Operating Expenses
|
-47.3m
AUD
|
Operating Income
|
173.6m
AUD
|
Other Expenses
|
-57.9m
AUD
|
Net Income
|
115.7m
AUD
|
Free Cash Flow Analysis
Gold Road Resources Ltd
What is Free Cash Flow?
GOR Profitability Score
Profitability Due Diligence
Gold Road Resources Ltd's profitability score is 61/100. The higher the profitability score, the more profitable the company is.
Score
Gold Road Resources Ltd's profitability score is 61/100. The higher the profitability score, the more profitable the company is.
GOR Solvency Score
Solvency Due Diligence
Gold Road Resources Ltd's solvency score is 65/100. The higher the solvency score, the more solvent the company is.
Score
Gold Road Resources Ltd's solvency score is 65/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
GOR Price Targets Summary
Gold Road Resources Ltd
According to Wall Street analysts, the average 1-year price target for GOR is 1.78 AUD with a low forecast of 1.31 AUD and a high forecast of 2.26 AUD.
Shareholder Return
GOR Price
Gold Road Resources Ltd
Average Annual Return | 17.22% |
Standard Deviation of Annual Returns | 16.82% |
Max Drawdown | -55% |
Market Capitalization | 1.7B AUD |
Shares Outstanding | 1 084 452 121 |
Percentage of Shares Shorted |
N/A
|
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Gold Road Resources Ltd. operates as a gold exploration company. The company is headquartered in Perth, Western Australia and currently employs 73 full-time employees. The company went IPO on 2006-07-04. The firm segment includes Development and Production, and Exploration. Its Development and Production segment consisting of the Gruyere joint operation with Gold Fields. Its Exploration segment includes the activities on all mineral exploration, including all joint venture tenements. The Company’s projects include Gruyere Gold Mine and the Golden Highway. Its discovery includes Yamarna Belt and Yandina Project. Its Gruyere Gold Mine is located approximately 1,200 kilometers north-east of Perth in Western Australia’s north-eastern Goldfields, is a 50:50 joint venture between Gold Road and Gruyere Mining Company Pty Ltd. Its Golden Highway is located approximately 25 kilometers west of the Gruyere Gold Mine on the western side of the Yamarna Greenstone Belt. Yamarna Belt is located approximately 200 kilometres east of Laverton in Western Australia.
Contact
IPO
Employees
Officers
The intrinsic value of one GOR stock under the Base Case scenario is 1.92 AUD.
Compared to the current market price of 1.56 AUD, Gold Road Resources Ltd is Undervalued by 19%.