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

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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

$2.12

17 Dec
2024

0.040

OPEN

$2.07

1.92%

HIGH

$2.13

3,927,994

LOW

$2.06

TARGET
$2.333 10.1% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
GOR: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 10.7 12.5 xxx
DPS (cps) xxx 2.2 1.7 xxx
EPS Growth xxx 65.3% 16.7% xxx
DPS Growth xxx 46.7% - 22.7% xxx
PE Ratio xxx N/A 16.8 xxx
Dividend Yield xxx N/A 0.8% xxx
Div Pay Ratio(%) xxx 20.5% 13.6% xxx

Dividend yield today if purchased 3 years ago: 1.45%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.05

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 © 2024 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

Macquarie

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

31/10/2024

1

Buy

$2.15

1.42%

Third quarter production for Gold Road Resources was in line with Ord Minnett's forecast, while higher-than-expected capex offset lower mining costs to arrive at the expected cash number.

Production missed the consensus estimate by -10%, notes the analyst.

Over the next year, Ord Minnett believes Gold Road Resources could potentially trade at a valuation premium. In a positive pricing
environment, investors look favourably upon simple, long-life, low(er) cost, tier 1-type assets, explains the broker.

Buy rating unchanged. Target price lifts to $2.15 from $2.10.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 1.50 cents and EPS of 12.90 cents.
Ord Minnett forecasts a full year FY25 dividend of 2.00 cents and EPS of 21.70 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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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

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Canaccord Genuity

04/11/2024

1

Buy

$2.45

15.57%

Canaccord Genuity maintains a Buy rating on Gold Road Resources, raising the target price to $2.45 from $2.35, following a positive September quarter.

The company reported 3Q2024 production of 34koz at all-in-sustaining-costs of $2,551/oz, above forecasts due to higher material movement costs.

Management retained production guidance for 2024 at 145-152.5koz, with costs expected to decrease as mine grade ore becomes more accessible in 4Q2024.

The broker notes the balance sheet shows net cash of $109m, supporting ongoing operations.

FORECAST
Canaccord Genuity forecasts a full year FY24 dividend of 2.00 cents and EPS of 13.00 cents.
Canaccord Genuity forecasts a full year FY25 dividend of 5.00 cents and EPS of 22.00 cents.

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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GOR STOCK CHART

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