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

$1.775

25 Jul
2024

-0.035

OPEN

$1.79

-1.93%

HIGH

$1.82

4,699,162

LOW

$1.76

TARGET
$2.063 16.2% 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 11.8 xxx
DPS (cps) xxx 2.2 2.9 xxx
EPS Growth xxx 65.3% 9.5% xxx
DPS Growth xxx 46.7% 31.8% xxx
PE Ratio xxx N/A 14.8 xxx
Dividend Yield xxx N/A 1.7% xxx
Div Pay Ratio(%) xxx 20.5% 24.7% xxx

Dividend yield today if purchased 3 years ago: 1.75%

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

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Ord Minnett

22/04/2024

1

Buy

$1.90

7.04%

Gold Road Resources had pre-released headline March Q metrics at the start of the month after significant rainfall impacted quarterly production from Gruyere. This limited access to the open pit, but also resulted in extended road closures.

This rainfall event will likely cause flow-on cost and production issues which Ord Minnett believes it has accounted for accordingly. As a result, the broker now sees Gold Road meeting the bottom end of 2024 production guidance but missing cost guidance.

Target falls to $1.90 from $1.95, Buy retained.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 2.00 cents and EPS of 13.40 cents.
Ord Minnett forecasts a full year FY25 dividend of 2.00 cents and EPS of 17.00 cents.

Bell Potter

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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Goldman Sachs

11/07/2024

1

Buy

$2.10

18.31%

Goldman Sachs still prefers near-term margins/returns over long-term ounces when selecting exposures in the Australian Gold sector. Assets with less execution risk and those best positioned to capture increases in gold pricing are also favoured.

The analysts remain wary on gold stocks continuing to underperform on higher costs/capex guidance for FY25 in upcoming quarterly results.

For Gold Road Resources, the target rises to $2.10 from $1.95. Buy.

FORECAST
Goldman Sachs forecasts a full year FY24 EPS of 27.00 cents.
Goldman Sachs forecasts a full year FY25 EPS of 37.00 cents.

Moelis

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

GOR STOCK CHART

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