Want to see TSE:GGD full AI Analyst Report?
Top Page
GoGold Resources
(TSX:GGD)
Select Model
Select Model
Rating:74Outperform
Price Target:
C$5.00
▲(11.86% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong financial performance (recent profitability and cash-flow improvement) backed by a very low-debt balance sheet. Technicals are supportive with a clear uptrend, though momentum indicators look somewhat extended. Valuation is the main constraint, with a ~25 P/E and no dividend yield provided.
Positive Factors
Revenue Growth
Strong reported revenue growth indicates expanding production or sales momentum and can improve operating leverage as fixed mining costs are spread across a larger revenue base. If sustained, this growth should support reinvestment in exploration, development and future production capacity.
Negative Factors
High Earnings Cyclicality
The company’s results remain highly sensitive to operating conditions and precious-metals economics, making current profitability less dependable across a full cycle. Historical swings reduce forecasting confidence and could constrain investment capacity if weaker conditions persist for several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong reported revenue growth indicates expanding production or sales momentum and can improve operating leverage as fixed mining costs are spread across a larger revenue base. If sustained, this growth should support reinvestment in exploration, development and future production capacity.
Read all positive factors
GoGold Resources (GGD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.89B
Dividend YieldN/A
Average Volume (3M)1.41M
Price to Earnings (P/E)28.8
Beta (1Y)2.65
Revenue Growth63.57%
EPS Growth227.78%
CountryCA
Employees205
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.11
Shares Outstanding433,515,960
10 Day Avg. Volume1,213,526
30 Day Avg. Volume1,408,011
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)1.93
Price to Sales (P/S)9.58
P/FCF Ratio19.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$5.50Price Target Upside23.04% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.11
Revenue Forecast (FY)C$112.35M
GoGold Resources Business Overview & Revenue Model
Company Description
GoGold Resources Inc. engages in the exploration, development, and production of silver, gold, and copper primarily in Mexico It owns the Los Ricos property, which includes Los Ricos South and Los Ricos North projects, that covers 45 concessions w...
How the Company Makes Money
GoGold makes money primarily by producing and selling precious metals. Its main revenue stream is the sale of silver and gold produced from its mining operations, typically sold as dore or concentrates to third-party metal purchasers/smelters/refi...
GoGold Resources Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 106.07M | 72.50M | 36.50M | 30.26M | 36.05M | 53.23M |
| Gross Profit | 63.97M | 28.54M | 12.19M | -3.95M | 5.32M | 24.63M |
| EBITDA | 70.94M | 40.41M | 10.70M | -6.24M | 6.77M | 13.79M |
| Net Income | 52.89M | 17.33M | 1.58M | -7.89M | 692.00K | 7.08M |
Balance Sheet | ||||||
| Total Assets | 555.26M | 397.69M | 312.43M | 302.42M | 264.68M | 225.32M |
| Cash, Cash Equivalents and Short-Term Investments | 283.55M | 141.11M | 72.03M | 95.23M | 73.34M | 66.84M |
| Total Debt | 957.44K | 797.00K | 788.00K | 775.00K | 1.02M | 959.00K |
| Total Liabilities | 64.42M | 37.42M | 27.93M | 20.87M | 24.35M | 19.06M |
| Stockholders Equity | 490.84M | 360.27M | 284.50M | 281.56M | 240.33M | 206.26M |
Cash Flow | ||||||
| Free Cash Flow | 60.50M | 35.74M | -11.88M | -8.46M | -1.18M | 12.10M |
| Operating Cash Flow | 63.73M | 35.87M | -10.68M | -7.42M | -976.00K | 12.38M |
| Investing Cash Flow | -15.81M | -18.74M | -11.20M | -14.90M | -24.70M | -19.70M |
| Financing Cash Flow | 96.30M | 79.98M | -976.00K | 44.40M | 32.43M | 20.45M |
GoGold Resources Technical Analysis
Positive
4.47
Price Trends
3.53
Positive
3.32
Positive
3.16
Positive
Market Momentum
0.27
Positive
62.11
Neutral
70.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GGD, the sentiment is Positive. The current price of 4.47 is above the 20-day moving average (MA) of 4.10, above the 50-day MA of 3.53, and above the 200-day MA of 3.16, indicating a bullish trend. The MACD of 0.27 indicates Positive momentum. The RSI at 62.11 is Neutral, neither overbought nor oversold. The STOCH value of 70.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GGD.
GoGold Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | C$1.72B | 26.87 | 18.43% | ― | 54.43% | 148.97% | |
74 Outperform | C$1.89B | 28.85 | 11.73% | ― | 63.57% | 227.78% | |
66 Neutral | C$791.20M | 70.83 | 4.79% | ― | 70.91% | -35.45% | |
63 Neutral | C$1.33B | -3,220.98 | -0.11% | 0.49% | 89.40% | 90.03% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | C$2.54B | -36.99 | -104.74% | ― | ― | -40.34% | |
47 Neutral | C$1.57B | -247.20 | -2.93% | ― | ― | -4.92% |
* Basic Materials Sector Average
TSE:GGD
GoGold Resources
4.37
1.80
70.04%
TSE:ASM
Avino Silver & Gold
10.14
4.21
70.99%
TSE:ITR
Integra Resources Corp
3.90
0.28
7.73%
TSE:MTA
Metalla Royalty & Streaming
14.26
6.54
84.72%
TSE:ABRA
AbraSilver Resource
15.80
9.72
159.87%
TSE:NUAG
New Pacific Metals
8.55
5.72
202.12%
GoGold Resources Corporate Events
Business Operations and StrategyFinancial Disclosures
GoGold Begins Fully Funded Construction at Los Ricos South Mine in Mexico
Positive
Aug 25, 2026
GoGold Resources has begun site construction at its Los Ricos South silver and gold mine in Jalisco, Mexico, following a completed feasibility study and government permitting earlier this year. The project is fully funded, supported by US$284 mill...
Business Operations and StrategyFinancial Disclosures
GoGold Posts Record Cash Flow and Builds War Chest for Los Ricos South
Positive
Aug 12, 2026
GoGold Resources reported record operating cash flow of $26.3 million in its third quarter ended June 30, 2026, on revenue of $27.8 million from the sale of 419,986 silver equivalent ounces. Net income rose to $10.9 million, while the Parral Taili...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.