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

$1.725

07 Oct
2024

0.030

OPEN

$1.71

1.77%

HIGH

$1.74

3,307,114

LOW

$1.69

TARGET
$2.013 16.7% 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 11.2 xxx
DPS (cps) xxx 2.2 1.7 xxx
EPS Growth xxx 65.3% 4.6% xxx
DPS Growth xxx 46.7% - 22.7% xxx
PE Ratio xxx N/A 15.5 xxx
Dividend Yield xxx N/A 1.0% xxx
Div Pay Ratio(%) xxx 20.5% 15.1% xxx

Dividend yield today if purchased 3 years ago: 1.67%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.27

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

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

27/08/2024

1

Buy

$1.85

7.25%

Gold Road Resources posted a first half result that was softer than Ord Minnett expected. Regardless, the broker believes investors will continue to favour its simplicity and exposure to two tier-1 assets in a rising gold price environment.

Delivery over the next six months is expected to mean the stock will trade closer to peers as investors look for simple gold exposure with genuine M&A appeal. Buy rating retained. Target is reduced to $1.85 from $1.90.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 1.50 cents and EPS of 11.80 cents.
Ord Minnett forecasts a full year FY25 dividend of 2.00 cents and EPS of 16.30 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

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

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Goldman Sachs

28/08/2024

1

Buy

$2.05

18.84%

Wet weather impacted on 1H24 EBITDA for Gold Road Resources which declined -23% year-on-year, observes Goldman Sachs.

This was slightly below consensus and the analyst's forecasts because of higher corporate/exploration costs and margin pressure.

The company had around $79m in cash at the end of the half year and FY24 guidance is unchanged.

Buy rating with $2.05 target price unchanged.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 2.00 cents and EPS of 12.00 cents.
Goldman Sachs forecasts a full year FY25 dividend of 3.00 cents and EPS of 16.00 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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GOR STOCK CHART