(GGD) GoGold Resources - Ratings and Ratios
Exchange: TO • Country: Canada • Currency: CAD • Type: Common Stock • ISIN: CA38045Y1025
GGD: Silver, Gold, Copper
GoGold Resources Inc. (GGD) is a Canadian mining company with a primary focus on the exploration, development, and production of precious metals, including silver, gold, and copper, with a significant presence in Mexico. The companys flagship project, Los Ricos, is a substantial asset comprising 45 concessions across approximately 24,000 hectares in Jalisco State, Mexico. This project is divided into Los Ricos South and Los Ricos North, indicating a considerable potential for diversified mineral resources.
The companys operational footprint is rooted in Mexico, a jurisdiction known for its rich mining history and significant mineral endowment. With its headquarters in Halifax, Canada, GoGold Resources Inc. benefits from a strategic location that allows it to tap into both Canadian and Mexican mining expertise and capital markets. The companys incorporation in 2008 and its evolution from Absolute Gold Holdings Incorporated underscore its adaptive strategy in the dynamic mining sector.
From a technical analysis perspective, GGDs stock price is currently at $1.88, indicating a positive trend as it is above its SMA20 ($1.76) and SMA50 ($1.73), and significantly above its SMA200 ($1.44). The Average True Range (ATR) of 0.10, or 5.43%, suggests moderate volatility. Given the stocks 52-week range between $1.06 and $2.05, it is currently positioned near the upper end of its recent trading range, suggesting a relatively strong performance. A forecast based on technical data alone might suggest a potential for continued upward momentum, but caution is warranted due to the inherent volatility.
Fundamentally, GoGold Resources Inc. has a market capitalization of $639.44M CAD, with a P/E ratio of 169.00 and a forward P/E of 37.17. The high P/E ratio could indicate either overvaluation or high growth expectations. The Return on Equity (RoE) of 0.48 suggests that the company is generating returns, albeit modest, on its equity. Combining fundamental and technical analysis, a forecast for GGD could be cautiously optimistic, driven by its strong project portfolio and favorable technical indicators. However, the high P/E ratio and the inherent risks in the mining sector necessitate a cautious approach, suggesting that investors should closely monitor the companys progress, particularly in advancing its Los Ricos project, and be prepared for potential volatility.
Considering both the technical and fundamental data, a potential investment thesis for GGD could be built around its growth prospects, driven by the development of its Los Ricos project. If the company can successfully advance this project and translate its resource base into production, it could potentially drive shareholder value. However, investors should be aware of the risks associated with mining companies, including commodity price volatility, operational challenges, and regulatory risks. A detailed risk assessment and ongoing monitoring of the companys progress will be crucial.
Additional Sources for GGD Stock
GGD Stock Overview
Market Cap in USD | 464m |
Sector | Basic Materials |
Industry | Other Precious Metals & Mining |
GiC Sub-Industry | Diversified Metals & Mining |
IPO / Inception |
GGD Stock Ratings
Growth Rating | 19.5 |
Fundamental | -2.19 |
Dividend Rating | 0.0 |
Rel. Strength | 9.5 |
Analysts | - |
Fair Price Momentum | 1.49 CAD |
Fair Price DCF | 0.28 CAD |
GGD Dividends
No Dividends PaidGGD Growth Ratios
Growth Correlation 3m | 31.3% |
Growth Correlation 12m | 44.6% |
Growth Correlation 5y | -47.3% |
CAGR 5y | 16.60% |
CAGR/Max DD 5y | 0.22 |
Sharpe Ratio 12m | -0.07 |
Alpha | -3.27 |
Beta | 1.256 |
Volatility | 63.54% |
Current Volume | 696.7k |
Average Volume 20d | 426.2k |
As of May 22, 2025, the stock is trading at CAD 1.83 with a total of 696,739 shares traded.
Over the past week, the price has changed by +8.93%, over one month by +2.81%, over three months by +21.19% and over the past year by +3.98%.
Neither. Based on ValueRay Fundamental Analyses, GoGold Resources is currently (May 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of -2.19 and therefor a neutral outlook according to the companies health.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of GGD as of May 2025 is 1.49. This means that GGD is currently overvalued and has a potential downside of -18.58%.
GoGold Resources has no consensus analysts rating.
According to ValueRays Forecast Model, GGD GoGold Resources will be worth about 1.7 in May 2026. The stock is currently trading at 1.83. This means that the stock has a potential downside of -6.01%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | 3.4 | 84.7% |
Analysts Target Price | - | - |
ValueRay Target Price | 1.7 | -6% |