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: 0.68
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

$1.425

23 Feb
2024

0.025

OPEN

$1.42

1.79%

HIGH

$1.44

3,980,037

LOW

$1.41

TARGET
$1.863 30.7% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
GOR: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx 6.5 9.9 xxx
DPS (cps) xxx 1.5 2.1 xxx
EPS Growth xxx 55.3% 52.5% xxx
DPS Growth xxx 50.0% 37.8% xxx
PE Ratio xxx N/A 14.4 xxx
Dividend Yield xxx N/A 1.5% xxx
Div Pay Ratio(%) xxx 23.1% 20.9% xxx

Dividend yield today if purchased 3 years ago: 1.23%

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: 01/09 - ex-div 1.2c (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

0.8

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

30/01/2024

1

Buy, High Risk

$1.80

26.32%

Labour availability issues (with the mining contractor) in the 4Q delayed access to higher grade ore from the Gruyere open pit, explains Ord Minnett, which resulted in increased use of lower-grade stockpiles.

The above negative for Gold Road Resources, combined with inflationary pressures, will have a greater impact on 2024 than the broker originally anticipated. Management is guiding to 150-167.5koz at a cost (AISC) of between $1,900-2,050/oz.

The analyst's target falls to $1.80 from $2.10, though the Buy, Higher Risk rating is unchanged on high margin, long-mine-life appeal.

FORECAST
Ord Minnett forecasts a full year FY23 dividend of 3.20 cents and EPS of 11.30 cents.
Ord Minnett forecasts a full year FY24 dividend of 2.00 cents and EPS of 13.30 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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GOR STOCK CHART