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Gold Road Resources Ltd
(Sydney:GOR)
Gold Road Resources Ltd (GOR) vs. iShares MSCI Australia ETF (EWA)
Gold Road Resources Ltd Business Overview & Revenue Model
Gold Road Resources Ltd Earnings Call Summary
Gold Road Resources Ltd Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 527.96M | 472.13M | 382.94M | 274.76M | 294.65M | Gross Profit |
| 350.14M | 220.95M | 148.40M | 99.39M | 138.66M | EBIT |
| 208.72M | 171.81M | 97.33M | 47.37M | 100.69M | EBITDA |
| 281.47M | 250.44M | 182.09M | 116.58M | 171.05M | Net Income Common Stockholders |
| 142.70M | 115.72M | 63.70M | 36.79M | 80.82M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 166.28M | 143.85M | 74.42M | 131.51M | 126.39M | Total Assets |
| 1.54B | 1.18B | 1.06B | 652.39M | 641.85M | Total Debt |
| 119.49M | 128.62M | 122.53M | 115.62M | 115.98M | Net Debt |
| -46.79M | -15.22M | 48.11M | -15.90M | -10.40M | Total Liabilities |
| 307.92M | 235.81M | 232.59M | 210.91M | 222.38M | Stockholders Equity |
| 1.23B | 942.45M | 831.83M | 441.48M | 419.47M |
| Cash Flow | Free Cash Flow | |||
| 109.35M | 152.61M | 80.98M | 28.50M | 97.62M | Operating Cash Flow |
| 250.59M | 233.57M | 132.17M | 89.24M | 142.69M | Investing Cash Flow |
| -197.08M | -135.85M | -157.00M | -57.10M | -26.98M | Financing Cash Flow |
| -31.08M | -28.30M | -32.27M | -27.02M | -90.65M |
Gold Road Resources Ltd Technical Analysis
Gold Road Resources Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $3.08B | 8.72 | 26.42% | 2.25% | 54.37% | 310.22% | |
76 Outperform | $3.63B | 25.34 | 13.42% | 0.90% | 11.93% | 22.74% | |
76 Outperform | $3.05B | 31.17 | 18.72% | ― | 25.93% | -2.18% | |
73 Outperform | AU$4.53B | 51.49 | 18.02% | ― | 6.31% | 301.01% | |
71 Outperform | $2.47B | 10.67 | 21.73% | ― | 9.95% | 44.59% | |
64 Neutral | AU$3.55B | ― | -0.38% | ― | 29.83% | 93.23% | |
44 Neutral | C$973.16M | -6.67 | -13.31% | 2.72% | 17.60% | -31.88% |
Gold Road Resources Ltd Corporate Events
Gold Road Resources Ltd has announced a change in the interests of a substantial holder, with State Street Bank and Trust Company and its subsidiaries holding significant voting power in the company. This change reflects a strategic shift in the voting interests and control over securities, which could impact the company’s governance and decision-making processes.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
Gold Road Resources Ltd has announced that The Goldman Sachs Group, Inc. has become a substantial shareholder in the company. Goldman Sachs now holds a 5.26% voting power in Gold Road Resources, with a total of 57,110,334 fully paid ordinary shares. This development signifies a notable investment from a major financial entity, which could influence Gold Road Resources’ market position and potentially impact its strategic decisions moving forward.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
Gold Road Resources Ltd has experienced a change in the interests of a substantial holder, Mitsubishi UFJ Financial Group, Inc., which now holds a greater voting power in the company. The increase in voting power from 5.22% to 6.34% indicates a significant shift in shareholder influence, potentially impacting the company’s governance and strategic decisions.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
Gold Road Resources Ltd has reported a change in the interests of a substantial holder, State Street Corporation and its subsidiaries, in the company’s voting securities. The notice details the current and previous voting power held by State Street and its associates, as well as changes in relevant interests and associations. This announcement may impact the company’s shareholder dynamics and influence decision-making processes, reflecting the strategic movements of major institutional investors in the market.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in Gold Road Resources Limited, acquiring a significant voting power of 5.22% through various relevant interests in fully paid ordinary shares. This development highlights Mitsubishi UFJ Financial Group’s strategic positioning and influence within Gold Road Resources, potentially impacting the company’s governance and decision-making processes.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
Gold Road Resources Ltd announced a change in the director’s interest notice involving Timothy Carl Netscher. The change involved an off-market transfer of 180,000 fully paid ordinary shares from the Netscher Super Pty Ltd ATF the Netscher Family Superannuation Fund to Mr. Netscher directly, valued at $608,400. This adjustment increases Mr. Netscher’s direct holdings to 697,940 shares while reducing his indirect holdings to 153,328 shares. This transfer reflects a strategic reallocation of Mr. Netscher’s investment portfolio within the company.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
Gold Road Resources Ltd has announced a change in the interests of a substantial holder, State Street Corporation and its subsidiaries, in the company’s voting securities. This change reflects the substantial holder’s updated voting power and relevant interests, which may influence the company’s governance and decision-making processes.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
Gold Road Resources Ltd has announced that First Sentier Investors Holdings Pty Limited, a subsidiary of Mitsubishi UFJ Financial Group, has become a substantial holder in the company as of May 26, 2025. This development indicates a significant investment and potential influence on the company’s voting power, reflecting a strategic interest by a major financial group in Gold Road Resources Ltd, which may impact its market positioning and stakeholder dynamics.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
Gold Road Resources Ltd has announced a change in the substantial holding of its voting shares. State Street Bank and Trust Company, along with its subsidiaries, has adjusted its relevant interest in the company’s voting securities. This change reflects the dynamic nature of shareholding and control within the company, potentially impacting its governance and decision-making processes.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
UBS Group AG and its related bodies corporate have become a substantial holder in Gold Road Resources Ltd, with a 5.10% voting power as of May 21, 2025. This development indicates a significant investment by UBS, potentially impacting Gold Road Resources’ market positioning and signaling confidence in the company’s operations and future prospects.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
Gold Road Resources Ltd has announced a change in the director’s interest notice, specifically concerning Duncan Gibbs. The notice details the acquisition of 206,915 Short Term Incentive Performance Rights and 357,029 Long Term Incentive Performance Rights by Stockbridge Holdings Pty Ltd, a trust for which Mr. Gibbs is the sole director and shareholder. This change reflects an adjustment in the director’s indirect interest in the company’s securities, potentially impacting the company’s governance and stakeholder interests.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
Gold Road Resources Ltd announced the issuance of 563,944 performance rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to incentivize and retain key personnel, potentially impacting its operational efficiency and stakeholder engagement positively.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
UBS Group AG and its related bodies corporate have ceased to be substantial shareholders in Gold Road Resources Ltd as of May 20, 2025. This change in shareholding may impact the company’s market dynamics and investor relations, as substantial holders often play a significant role in corporate governance and strategic decision-making.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
Gold Road Resources Ltd has experienced a change in the interests of a substantial holder, with State Street Corporation and its subsidiaries holding a significant number of voting securities. This change in voting power reflects the company’s ongoing engagement with major financial institutions, potentially impacting its governance and decision-making processes.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
Gold Road Resources Ltd has announced that it has received approval from the Foreign Investment Review Board (FIRB) for its acquisition by Gold Fields Limited through a scheme of arrangement. This approval satisfies a key condition for the acquisition, which still requires shareholder and court approval. The board of Gold Road unanimously recommends shareholders vote in favor of the scheme, highlighting its strategic importance for the company’s future growth and positioning within the gold mining sector.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
Gold Road Resources Ltd announced that all resolutions presented at its 2025 Annual General Meeting were passed, indicating strong shareholder support for the company’s strategic decisions. The resolutions included the adoption of the remuneration report, re-election of directors, and approval of incentive performance rights, which are expected to positively impact the company’s governance and operational strategies.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
Gold Road Resources Ltd has released the CEO’s presentation for the 2025 Annual General Meeting, in line with its Continuous Disclosure Policy. This announcement is part of the company’s efforts to maintain transparency with stakeholders and provide insights into its operational strategies and future outlook.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
Gold Road Resources Ltd has announced a significant development regarding its future operations. The company has entered into a binding Scheme Implementation Deed with its Gruyere JV partner, Gold Fields, which plans to acquire 100% of Gold Road’s issued share capital through a scheme of arrangement. The offer includes a fixed cash consideration of $2.52 per share, with an additional variable cash component linked to the value of Gold Road’s shareholding in Northern Star. This proposal values Gold Road at approximately $3.5 billion, or $3.35 per share, as of May 14. The board of Gold Road unanimously recommends shareholders vote in favor of the Scheme, pending no superior proposals and a favorable independent expert’s report.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
Gold Road Resources Ltd has announced a change in the interests of a substantial holder, with State Street Bank and Trust Company and its subsidiaries holding significant voting power in the company. This change in voting power could impact the company’s governance and decision-making processes, potentially influencing its strategic direction and stakeholder interests.
The most recent analyst rating on (AU:GOR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
UBS Group AG and its related bodies corporate have become substantial holders in Gold Road Resources Ltd, acquiring a 5.27% voting power through various shares and securities. This development indicates a significant investment by UBS, potentially impacting Gold Road Resources’ market positioning and signaling confidence in the company’s future prospects.
Gold Road Resources Ltd has entered into a Scheme Implementation Deed with Gold Fields, where Gold Fields will acquire 100% of Gold Road’s issued share capital through a scheme of arrangement. Shareholders will receive a total cash consideration of A$3.40 per share, which includes a fixed cash consideration and a variable component linked to Northern Star’s share value. This offer represents a significant premium over Gold Road’s previous share prices and is deemed the ‘best and final’ price by Gold Fields. The scheme is subject to shareholder approval, and the Gold Road Board recommends voting in favor unless a superior proposal emerges.
Gold Road Resources Ltd has requested a trading halt on its securities due to media speculation about a potential change of control transaction. The halt is expected to be lifted by May 6, 2025, pending an official announcement, which could have significant implications for the company’s future operations and market positioning.
Gold Road Resources Ltd has announced the release of its March 2025 quarterly report, scheduled for April 28, 2025. The company will host an investor and analyst conference call to discuss the results, with participation by invitation only. A live webcast will be available on the company’s website, allowing participants to submit questions during the presentation. This announcement highlights the company’s commitment to transparency and engagement with its stakeholders, potentially impacting investor confidence and market positioning.
Gold Road Resources Ltd has initiated a A$10.4 million drilling program at its Gilmour project, aiming to convert the existing Gilmour Underground Inferred Mineral Resource into the Indicated Mineral Resource category. The program includes both infill and extensional drilling to increase the Gilmour Mineral Resource and Ore Reserve. This initiative is part of a larger A$34 million annual discovery budget for 2025, and it is expected to enhance the project’s value and extend its mine life. The drilling is anticipated to be completed by the September 2025 quarter, with the potential to significantly impact the company’s resource estimates and financial performance.
Gold Road Resources Ltd has announced a change in the interests of a substantial holder, with State Street Corporation and its subsidiaries holding significant voting power in the company. This change in substantial holding could impact the company’s governance and decision-making processes, potentially affecting its strategic direction and market positioning.
Gold Road Resources Ltd has issued a clarification regarding its recent announcement on the Gruyere Underground Exploration Target. The company emphasizes that the mineral resource and ore reserve estimates remain consistent with its 2024 Annual Mineral Resource and Ore Reserve Statement. However, it retracts certain information from the original announcement and advises investors not to rely on this retracted data for investment decisions. The company is continuing its efforts to enhance the potential of the Gruyere underground operation, with plans to complete ongoing drilling and support a Pre-feasibility Study in 2026.
Gold Road Resources Ltd has reviewed the Gruyere Underground Scoping Study, which outlines a sub-level cave underground mining option at the Gruyere Gold Mine. The study confirms the technical and economic viability of underground mining, with a potential to significantly increase the resource base through ongoing exploration. The company has committed $26.4 million to a drill program to confirm the orebody’s depth, aiming to transform Gruyere into a multi-decade life mine, adding material value to the joint venture and stakeholders.
Gold Road Resources Ltd announced corrections to its Australian Roadshow Investor Presentation, specifically regarding the Underground Inferred resource and a footnote reference. The company has a strong financial position with significant cash reserves, no debt, and substantial investments. The Gruyere Joint Venture and other projects are expected to contribute significantly to production and shareholder value, with ongoing exploration and development activities aimed at extending resources and improving operational efficiency.
Gold Road Resources Ltd has released its April 2025 Investor Presentation to the ASX Market Announcements Platform, in line with its Continuous Disclosure Policy. This presentation is part of an Australian roadshow aimed at providing stakeholders with insights into the company’s strategic initiatives and operational updates, potentially impacting its market positioning and investor relations.
Gold Road Resources Ltd announced a change in the director’s interest, specifically concerning Denise Patricia McComish. The change involved the acquisition of 302 fully paid ordinary shares through a Dividend Reinvestment Plan, increasing her indirect holding to 51,026 shares. This update reflects the company’s ongoing commitment to transparent reporting and shareholder engagement, potentially impacting stakeholder perceptions positively.
Gold Road Resources Ltd announced a change in the director’s interest, specifically for Maree Naomi Arnason, with an acquisition of 351 fully paid ordinary shares through a Dividend Reinvestment Plan. This change reflects a minor adjustment in the director’s indirect interest holdings, increasing the total to 59,385 shares, and may indicate a continued confidence in the company’s growth prospects.
Gold Road Resources Ltd announced a change in the director’s interest, specifically for Timothy Carl Netscher, who acquired 5,041 fully paid ordinary shares through the company’s Dividend Reinvestment Plan. This change reflects an increase in Netscher’s direct and indirect holdings, indicating confidence in the company’s financial strategies and potential growth, which could positively influence stakeholder perceptions and market positioning.
Gold Road Resources Ltd has announced the application for the quotation of 1,238,955 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a dividend or distribution plan and is expected to enhance the company’s market presence and provide additional value to its stakeholders.
Gold Road Resources Ltd has announced initial results from its Gruyere underground drilling program, which aims to confirm the extension of the ore body at depth. The results from 13 infill drillholes indicate the quality and continuity of the ore body, suggesting potential for profitable underground mining. This development could extend the life of the Gruyere gold mine beyond 2032, potentially adding significant value for shareholders.
Gold Road Resources Ltd has appointed Brian Massey as General Manager of Investor Relations and Corporate Development. With extensive experience in capital markets and the resources sector, Massey’s appointment is expected to enhance Gold Road’s strategic growth and investor engagement, particularly as the company remains debt-free and focused on delivering shareholder value through disciplined investment and consistent dividends.
Van Eck Associates Corporation has reduced its substantial holding in Gold Road Resources Ltd, decreasing its voting power from 9.24% to 8.11%. This change reflects a shift in investment strategy or portfolio adjustment by Van Eck, which could impact Gold Road Resources’ shareholder dynamics and influence future corporate decisions.
Gold Road Resources Ltd has announced that BlackRock Group, including BlackRock Inc. and its subsidiaries, has ceased to be a substantial holder of the company’s voting securities as of March 21, 2025. This change in substantial holding could impact the company’s shareholder structure and influence, potentially affecting its market positioning and stakeholder interests.