First Time Loading...

Gold Road Resources Ltd
ASX:GOR

Watchlist Manager
Gold Road Resources Ltd Logo
Gold Road Resources Ltd
ASX:GOR
Watchlist
Price: 1.56 AUD -1.27% Market Closed
Updated: Mar 28, 2024

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%.

Key Points:
GOR Intrinsic Value
Base Case
1.92 AUD
Undervaluation 19%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Gold Road Resources Ltd

Backtest GOR Intrinsic Value
Dive into the past to invest in the future

Run backtest to discover the historical profit from buying and selling GOR stocks based on their intrinsic value.

Analyze the historical link between intrinsic value and market price to make more informed investment decisions.

Run Backtest
Settings
Valuation Methods
Buy/Sell Thresholds
Buy When:
%
Sell When:
%
B
S
Run Backtest
How does it work?

Fundamental Analysis

Gold Road's Quarterly Performance and Guidance
2023-Q4 Earnings Call

Gold Road's Quarterly Performance and Guidance

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

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.

Positive Free Cash Flow
Positive Gross Profit
Positive Operating Income
Positive 3-Years Revenue Growth
61/100
Profitability
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.

High Altman Z-Score
Long-Term Solvency
Low D/E
Short-Term Solvency
65/100
Solvency
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

Wall Street analysts forecast GOR stock price to rise over the next 12 months.

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.

Lowest
Price Target
1.31 AUD
16% Downside
Average
Price Target
1.78 AUD
14% Upside
Highest
Price Target
2.26 AUD
45% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

GOR Price
Gold Road Resources Ltd

1M 1M
+8%
6M 6M
-3%
1Y 1Y
-4%
3Y 3Y
+36%
5Y 5Y
+66%
10Y 10Y
+977%
Annual Price Range
1.56
52w Low
1.385
52w High
2.02
Price Metrics
Average Annual Return 17.22%
Standard Deviation of Annual Returns 16.82%
Max Drawdown -55%
Shares Statistics
Market Capitalization 1.7B AUD
Shares Outstanding 1 084 452 121
Percentage of Shares Shorted
N/A

GOR Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Gold Road Resources Ltd Logo
Gold Road Resources Ltd

Country

Australia

Industry

Metals & Mining

Market Cap

1.7B AUD

Dividend Yield

1.41%

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

WESTERN AUSTRALIA
Perth
Se 1 L 2, 26 Colin St
+61892001600.0
http://www.goldroad.com.au/

IPO

2006-07-04

Employees

73

Officers

MD, CEO & Director
Mr. Duncan Gibbs
Chief Financial Officer
Mr. John Mullumby
General Manager of Corporate Development & Investor Relations
Mr. Duncan Hughes
Joint Company Secretary & General Counsel
Ms. Julie Jones
General Manager of People & Culture
Ms. Jessica Logan
Principal Resource Geologist
Mr. John Donaldson
Show More
Joint Company Secretary
Ms. Keely Woodward
Show Less

See Also

Discover More
What is the Intrinsic Value of one GOR stock?

The intrinsic value of one GOR stock under the Base Case scenario is 1.92 AUD.

Is GOR stock undervalued or overvalued?

Compared to the current market price of 1.56 AUD, Gold Road Resources Ltd is Undervalued by 19%.