GOLD ROAD RESOURCES LIMITED (GOR)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

GOR

GOR - GOLD ROAD RESOURCES LIMITED

FNArena Sector : Gold & Silver
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: 0.51
Index: ASX200 | ASX300 | ALL-ORDS

Gold Road is an Australian gold producer and explorer with interests in the Yamarna Greenstone Belt in Western Australia. It listed in 2006 under the name Eleckra Mines and changed name in 2010.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.61

20 Feb
2025

-0.020

OPEN

$2.65

-0.76%

HIGH

$2.65

4,090,177

LOW

$2.59

TARGET
$2.683 2.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . ADT . ALK . AMI . ASL . BC8 . BEZ . BGL . BTR . CEL . CMM . CNB . CVV . CYL . DEG . EMR . EVN . EVR . FFM . FFM . FND . GMD . GPR . HGO . IGO . KCN . KGL . MAU . MEI . MEK . MML . NEM . NST . NVA . OBM . PDI . PNR . PRU . RMS . RRL . RSG . RXL . SBM . SMI . SPR . SSR . STM . STN . SVL . TBR . TCG . TRE . TTM . VAU . WAF . WGX .
FNARENA'S MARKET CONSENSUS FORECASTS
GOR: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 10.7 14.1 xxx
DPS (cps) xxx 2.2 1.7 xxx
EPS Growth xxx 65.3% 31.4% xxx
DPS Growth xxx 46.7% - 22.7% xxx
PE Ratio xxx N/A 18.2 xxx
Dividend Yield xxx N/A 0.7% xxx
Div Pay Ratio(%) xxx 20.5% 12.1% xxx

Dividend yield today if purchased 3 years ago: 1.49%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.86

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/02 - ex-div 1c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx10.7
DPS All xxxxxxxxxxxxxxx2.2
Sales/Revenue xxxxxxxxxxxxxxx472.1 M
Book Value Per Share xxxxxxxxxxxxxxx87.2
Net Operating Cash Flow xxxxxxxxxxxxxxx233.6 M
Net Profit Margin xxxxxxxxxxxxxxx24.51 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx13.04 %
Return on Invested Capital xxxxxxxxxxxxxxx11.57 %
Return on Assets xxxxxxxxxxxxxxx10.32 %
Return on Equity xxxxxxxxxxxxxxx13.04 %
Return on Total Capital xxxxxxxxxxxxxxx16.97 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx139.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx14 M
Long Term Debt xxxxxxxxxxxxxxx115 M
Total Debt xxxxxxxxxxxxxxx129 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx144 M
Price To Book Value xxxxxxxxxxxxxxx2.25

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx81.0 M
Capex % of Sales xxxxxxxxxxxxxxx17.15 %
Cost of Goods Sold xxxxxxxxxxxxxxx293 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx8 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx465 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

30/01/2025

-1

No Rating

-

Macquarie notes Gold Road Resources' 4Q 2024 production met expectations, with all-in-sustaining costs lower than the analyst's forecast by -6% and below the consensus estimate by -14%.

The broker believes the company ended 2024 on a "solid" note, including an improvement in mining productivity. Production and costs were below guidance ranges, but the analyst highlights production was flagged by the company.

At quarter end, Gold Road Resources had cash and bullion of $174m and investments of $741m, including a 17.3% stake in De Grey Mining ((DEG)).

The broker remains on research restriction.

FORECAST
Macquarie forecasts a full year FY24 dividend of 2.10 cents and EPS of 14.40 cents.
Macquarie forecasts a full year FY25 dividend of 3.90 cents and EPS of 19.30 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Moelis

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Goldman Sachs

30/01/2025

1

Buy

$2.75

5.36%

Gold Road Resources' net sales of 48koz in 4Q24 was in line with Goldman Sachs' estimate and cash costs of $867/oz was -12% lower on lower-than-expected administrative costs and favourable inventory movement.

The broker's FY25-26 EPS rose by 1% and 5% respectively after incorporating lower cash costs, offset by higher capitalised costs.

Target price increases to $2.75 from $2.65 on the above and a modest increase in nominal value for exploration/growth following the Gilmour pre-feasibility study. Buy rating maintained.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 2.30 cents and EPS of 15.00 cents.
Goldman Sachs forecasts a full year FY25 dividend of 4.10 cents and EPS of 25.90 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Extra Coverage Research History >

GOR STOCK CHART

FNArena News on GOR

1
Rudi’s View: Best Ideas & Conviction Calls

Feb 20 2025 - Rudi's View
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 07-02-25

Feb 07 2025 - Weekly Reports
3
Rudi’s View: AGL Energy, Bega Cheese, BRG, Harvey Norman, Imdex & Superloop

Feb 06 2025 - Rudi's View
4
Australian Broker Call *Extra* Edition – Feb 03, 2025

Feb 03 2025 - Daily Market Reports
5
Rudi’s View: Cochlear, Guzman y Gomez, SiteMinder, Wesfarmers & Xero

Jan 30 2025 - Rudi's View

Latest Gold & Silver News

1
Unlocking Vault’s Golden Potential

Nov 14 2024 - Commodities
2
What Went Wrong With Newmont?

Nov 05 2024 - Australia
3
In Brief: Aurum, Hillgrove & Little Green Pharma

Oct 25 2024 - Weekly Reports
4
Perseus Mining Shares Ready To Run

Oct 22 2024 - Technicals
5
Gold & Dividends Shine For Northern Star

Sep 12 2024 - Australia
6
Cup And Handle For Capricorn Metals

Aug 06 2024 - Technicals
7
Bellevue Gold For Better Grades & Margins

Jul 08 2024 - Commodities
8
Is Gold Overvalued Or Is Silver Undervalued?

Jul 02 2024 - Commodities
9
Evolution Mining’s Spending Spree

Jun 28 2024 - Australia
10
Break-Out For Resolute Mining

Jun 04 2024 - Technicals