Golconda Gold Ltd. (GG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Golconda Gold Ltd. stock C$3.63, price C$3.30, upside +10.0%, quality 80 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range C$0.0700 – C$4.10 · fair‑value band C$1.95 – C$4.57 · the C$3.30 price screens below the C$3.63 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties in Canada, the United States, and South Africa. It operates the Galaxy Property situated in the Republic of South Africa; and the Summit Property in the United States.
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The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd. in October 2022. Golconda Gold Ltd. is based in Toronto, Canada.
Stock analysis
Golconda Gold Ltd. (GG) currently trades at C$3.30, while our model-based Fair Value estimate is C$3.63, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of C$8.35 per share, and 6 of the 24 models we run sit above the C$3.30 price.
Bear case: the Asset-Based group reads lowest at C$0.5400, and 18 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: C$1.95 (bear) to C$4.57 (bull), the price of C$3.30 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 80/100 (high quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Golconda Gold Ltd. reported revenue of $33.7M in FY2025 versus $2.9M in FY2021, a compound +84.1%/yr. Reported net income was $9.8M in FY2025.
Key figures
Market cap C$236M (≈ $167M) Micro · P/E ratio 11.8 · P/S ratio 3.43 · EPS (TTM) C$0.2800 · Net margin 29.1% · Return on equity 36.3% · Return on assets (EBIT) −0.2% (5-year average) · Operating margin 41.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 83 out of 100 (medium confidence).
What moves the price
The share trades about 20% below its 52-week high and 100% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −10% fair-value upside, at 10%, GG screens cheaper than that median.
Fair Value models
BearC$1.95Fair Value C$3.63BullC$4.57
Price C$3.30 · Upside +10.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (C$0.2401 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+144.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+36.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−7.2%
Start year 2020 (pandemic). Over 10 years: +2.5% a year
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+66.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+8.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.8%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.8.8% vs 3.7%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.16% → 36%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 22.3%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+36.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +33.8% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gold · 205 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score80 · Top 25%
Fair Value upside+10.0% · Top 25%
Profitability
Return on equity (12 months)36.3% · Top 25%
Return on assets17.6% · Top 25%
Net margin (12 months)33.8% · Above median
Operating margin (12 months)41.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)56.4% · Above median
Balance sheet
Debt / equity0.04× · Above median
Valuation Multiplesvs Gold median · lower = cheaper
P/E (12 months)11.8× · Pricier than median
P/B4.13× · Priciest 25%
P/S (12 months)3.69× · Pricier than median
Price / free cash flow (fiscal year)28.6× · Pricier than median
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Is Golconda Gold Ltd. (GG) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of C$3.63 versus a price of C$3.30, about +10% upside (fairly valued).
What is the fair value of GG?
Our model-based fair value for Golconda Gold Ltd. is C$3.63 (as of Nov 9, 2026), built from audited fundamentals. The current price: C$3.30.
What is the quality score of GG?
Golconda Gold Ltd. has a Quality Score of 80/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Golconda Gold Ltd. (GG)?
Our model-based price target is the fair value of C$3.63 (as of Nov 9, 2026) from 24 valuation models. Cautious scenario C$1.95, optimistic scenario C$4.57. It is a calculation from audited fundamentals, not an analyst target.
What is the Golconda Gold Ltd. stock forecast for 2026?
Our models put fair value at C$3.63, about +10% upside versus a price of C$3.30 (fairly valued). Cautious scenario C$1.95, optimistic scenario C$4.57. The calculation is refreshed regularly with new filings.
What is the revenue of Golconda Gold Ltd. (GG)?
Golconda Gold Ltd. reported trailing-twelve-month revenue of about C$45.3M (latest available figure, as of Nov 9, 2026).
What growth is priced into Golconda Gold Ltd. (GG)?
For today's price to be fair in a discounted-cash-flow model, Golconda Gold Ltd. would have to grow free cash flow by +36.6 % per year for five years (discount rate 15.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -7.2 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of GG use?
Our models discount Golconda Gold Ltd. at 15.0 %: a base by market capitalisation (micro), damped by beta 3.29, country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Golconda Gold Ltd. that is +36.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (15.0 %) and the same formula as our fair value.
How much growth has Golconda Gold Ltd. (GG) delivered so far?
Over the past 5 years revenue at Golconda Gold Ltd. grew -7.2 % a year. The price currently implies free-cash-flow growth of +36.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Golconda Gold Ltd. (GG) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Golconda Gold Ltd. (+36.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Golconda Gold Ltd. (GG)?
The free-cash-flow yield on the price is 2.47 %: that much free cash flow Golconda Gold Ltd. produces per unit of market value. When it exceeds the discount rate of our models (15.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Golconda Gold Ltd. (GG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Golconda Gold Ltd. it is C$3.63 per share (as of Nov 9, 2026), against a price of C$3.30. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Golconda Gold Ltd. stock overvalued or undervalued in 2026?
As of Nov 9, 2026, GG trades below its calculated fair value: price C$3.30, fair value C$3.63, a gap of about +10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GG?
No. The price is what the market pays today (C$3.30); the fair value is what the company's own numbers justify (C$3.63). For Golconda Gold Ltd. the two are C$0.3300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Golconda Gold Ltd. worth?
The market values Golconda Gold Ltd. at about C$236M (market capitalisation, as of Nov 9, 2026). Per share that is C$3.30; our models calculate a fair value of C$3.63 per share.
What do the bullish and bearish scenarios say about GG?
Our models span a range for Golconda Gold Ltd.: cautious scenario C$1.95, base C$3.63, optimistic C$4.57 per share (as of Nov 9, 2026, price C$3.30). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GG?
Golconda Gold Ltd. trades at a price-to-earnings ratio of 11.8 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$3.63 is built from several models across several years. Other multiples: P/B 4.1, P/S 3.7, EV/EBITDA 8.2.
How solid is the balance sheet of Golconda Gold Ltd. (GG)?
Balance-sheet figures for Golconda Gold Ltd. (as of Nov 9, 2026): return on equity 36.3%, debt of 0.04 per unit of equity. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is GG from its 52-week high?
Golconda Gold Ltd. trades at C$3.30, about 20% below its 52-week high of C$4.10 and 100% above the low of C$1.65 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$3.63 is for.
Which stocks are comparable to Golconda Gold Ltd.?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Golconda Gold Ltd. stock attractive at the current price?
The data as of Nov 9, 2026: price C$3.30, calculated fair value C$3.63 (+10%), Quality Score 80/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GG calculated?
We run Golconda Gold Ltd. through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of C$3.63 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Golconda Gold Ltd. currently trades 9% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Golconda Gold Ltd. (GG)?
The closing price on Nov 6, 2026 was C$3.30. Our model-based fair value is C$3.63, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Golconda Gold Ltd. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (C$1.95 to C$4.57) leaves room in how you read the outcome.
Key figures of Golconda Gold Ltd.
How large is the market capitalisation of Golconda Gold Ltd. (GG)?
The market capitalisation of Golconda Gold Ltd. is C$236M (≈ $167M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Golconda Gold Ltd. (GG)?
The price-to-sales ratio of Golconda Gold Ltd. is 3.43 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Golconda Gold Ltd. (GG)?
Earnings per share at Golconda Gold Ltd. are C$0.2800 (price ÷ EPS = P/E 11.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Golconda Gold Ltd. (GG)?
The net margin of Golconda Gold Ltd. is 29.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Golconda Gold Ltd. (GG)?
The return on equity (ROE) of Golconda Gold Ltd. is 36.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Golconda Gold Ltd. (GG)?
On an EBIT basis the return on assets of Golconda Gold Ltd. is −0.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Golconda Gold Ltd. (GG)?
The operating margin of Golconda Gold Ltd. is 41.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Golconda Gold Ltd. (GG)?
Revenue at Golconda Gold Ltd. is growing +56.4% versus a year earlier (3y avg +36.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Golconda Gold Ltd. (GG)?
Earnings per share at Golconda Gold Ltd. are growing +66.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Golconda Gold Ltd. (GG) carry?
The net debt of Golconda Gold Ltd. is C$3.6M (fiscal year 2024, ≈ 0.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 9, 2026