GoGold Resources Inc. (GGD) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of GoGold Resources Inc. stock C$2.69, price C$3.50, that is 23.3% below the price, quality 65 out of 100. Rating: overvalued. 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 5, 2026.
How to read this chart
60‑month range C$0.9700 – C$4.60 · fair‑value band C$1.89 – C$3.49 · the C$3.50 price screens above the C$2.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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GoGold Resources Inc. engages in the exploration, development, and production of silver, gold, and copper primarily in Mexico It owns the Los Ricos property, which includes Los Ricos South and Los Ricos North projects, that covers 45 concessions with an area of approximately 24,000 hectares situated in the Jalisco State, Mexico; and the Parral Tailings project located in the city of Parral.
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The company was formerly known as Absolute Gold Holdings Incorporated. GoGold Resources Inc. was incorporated in 2008 and is headquartered in Halifax, Canada.
Stock analysis
GoGold Resources Inc. (GGD) currently trades at C$3.50, while our model-based Fair Value estimate is C$2.69, 23% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of C$2.02 per share, and 0 of the 24 models we run sit above the C$3.50 price.
Bear case: the Asset-Based group reads lowest at C$0.4400, and 24 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: C$1.89 (bear) to C$3.49 (bull), the price of C$3.50 sits above 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 65/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
GoGold Resources Inc. reported revenue of $72.5M in FY2025 versus $53.2M in FY2021, a compound +8.0%/yr. Reported net income was $17.3M in FY2025, compounding +25.1%/yr from FY2021.
Key figures
Market cap C$1.5B (≈ $1.1B) Small · P/E ratio 23.3 · P/S ratio 5.58 · EPS (TTM) C$0.1500 · Net margin 23.9% · Return on equity 11.0% · Return on assets (EBIT) 1.2% (5-year average) · Operating margin 38.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 55% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −17% fair-value upside, at −23%, GGD screens richer than that median.
Fair Value models
BearC$1.89Fair Value C$2.69BullC$3.49
Price C$3.50 · Downside -23.3%
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 12 months old). Earnings retained since then (C$0.1500 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.
Best data coverage
FCF DCFC$1.79C$2.31C$3.8080
Growth DCFC$1.71C$2.39C$3.5878
Owner EarningsC$1.19C$1.88C$3.0675
All 24 models by family
DCF Models
FCF DCFC$1.79C$2.31C$3.8080
Owner EarningsC$1.19C$1.88C$3.0675
5Y Revenue ExitC$1.10C$1.37C$1.8874
5Y EBITDA ExitC$1.27C$1.71C$2.5575
5Y P/E ExitC$1.38C$2.21C$3.2870
10Y Revenue ExitC$1.34C$1.87C$2.1568
10Y EBITDA ExitC$1.45C$2.16C$3.3368
10Y P/E ExitC$1.52C$2.35C$3.7163
Earnings-Based
Graham-DoddC$0.3800C$2.68C$3.7663
Lynch FVC$0.9300C$1.32C$1.7261
PEG = 1.0C$0.9300C$1.32C$1.7257
EPVC$0.7000C$0.7300C$0.750074
Multiples
P/E MultipleC$0.7200C$0.9600C$1.2063
P/S MultipleC$0.2700C$0.3500C$0.440058
P/B MultipleC$1.09C$1.45C$1.8255
EV/EBITC$1.05C$1.25C$1.4566
EV/EBITDAC$0.9900C$1.17C$1.3567
EV/RevenueC$0.7100C$0.8100C$0.920054
Asset-Based
NCAV (Graham)C$0.2900C$0.4400C$0.550054
Growth DCF
Growth DCFC$1.71C$2.39C$3.5878
Rev-Margin DCFC$1.10C$1.50C$2.1073
Economic Profit
Residual IncomeC$0.7700C$0.7600C$0.790071
ROIC CompounderC$0.7000C$0.7300C$0.750072
Growth Earnings
Growth-Adj P/EC$1.12C$1.60C$2.0867
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+98.6%
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.
+26.2%
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.
+12.9%
Start year 2020 (pandemic). Over 10 years: +19.2% a year
Revenue growth 10 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.
+19.2%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−34.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−34.1%
Dividend (yield on the price)0.0%
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.10% → 24%
2025 sits 1,254% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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).
+23.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +20.1% 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.Other Precious Metals & Mining · 101 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−23.3% · Above median
Profitability
Return on equity (12 months)11.0% · Above median
Return on assets4.4% · Above median
Net margin (12 months)43.4% · Top 25%
Operating margin (12 months)38.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)56.8% · Above median
Balance sheet
Debt / equity0.00× · Below median
Valuation Multiplesvs Other Precious Metals & Mining median · lower = cheaper
P/E (12 months)23.3× · Priciest 25%
P/B3.03× · Pricier than median
P/S (12 months)10.18× · Pricier than median
Price / free cash flow (fiscal year)30.6× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "GoGold Resources Inc. Fair Value". https://www.fairvalue-calculator.com/stock/GGD
Frequently asked questions
Is GoGold Resources Inc. (GGD) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of C$2.69 versus a price of C$3.50, about 23% lower (overvalued).
What is the fair value of GGD?
Our model-based fair value for GoGold Resources Inc. is C$2.69 (as of Nov 5, 2026), built from audited fundamentals. The current price: C$3.50.
What is the quality score of GGD?
GoGold Resources Inc. has a Quality Score of 65/100. 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 GoGold Resources Inc. (GGD)?
Our model-based price target is the fair value of C$2.69 (as of Nov 5, 2026) from 24 valuation models. Cautious scenario C$1.89, optimistic scenario C$3.49. It is a calculation from audited fundamentals, not an analyst target.
What is the GoGold Resources Inc. stock forecast for 2026?
Our models put fair value at C$2.69, about 23% lower versus a price of C$3.50 (overvalued). Cautious scenario C$1.89, optimistic scenario C$3.49. The calculation is refreshed regularly with new filings.
What is the revenue of GoGold Resources Inc. (GGD)?
GoGold Resources Inc. reported trailing-twelve-month revenue of about $107M (latest available figure, as of Nov 5, 2026).
What growth is priced into GoGold Resources Inc. (GGD)?
For today's price to be fair in a discounted-cash-flow model, GoGold Resources Inc. would have to grow free cash flow by +23.0 % per year for five years (discount rate 13.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.9 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of GGD use?
Our models discount GoGold Resources Inc. at 13.0 %: a base by market capitalisation (small), damped by beta 1.73, 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 GoGold Resources Inc. that is +23.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.0 %) and the same formula as our fair value.
How much growth has GoGold Resources Inc. (GGD) delivered so far?
Over the past 5 years revenue at GoGold Resources Inc. grew +12.9 % a year. The price currently implies free-cash-flow growth of +23.0 % 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 GoGold Resources Inc. (GGD) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into GoGold Resources Inc. (+23.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of GoGold Resources Inc. (GGD)?
The free-cash-flow yield on the price is 3.27 %: that much free cash flow GoGold Resources Inc. produces per unit of market value. When it exceeds the discount rate of our models (13.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of GoGold Resources Inc. (GGD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GoGold Resources Inc. it is C$2.69 per share (as of Nov 5, 2026), against a price of C$3.50. 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 GoGold Resources Inc. stock overvalued or undervalued in 2026?
As of Nov 5, 2026, GGD trades above its calculated fair value: price C$3.50, fair value C$2.69, a gap of about −23% (overvalued). 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 GGD?
No. The price is what the market pays today (C$3.50); the fair value is what the company's own numbers justify (C$2.69). For GoGold Resources Inc. the two are C$0.8140 per share apart. That gap is exactly why we show both numbers side by side.
How much is GoGold Resources Inc. worth?
The market values GoGold Resources Inc. at about C$1.5B (market capitalisation, as of Nov 5, 2026). Per share that is C$3.50; our models calculate a fair value of C$2.69 per share.
What do the bullish and bearish scenarios say about GGD?
Our models span a range for GoGold Resources Inc.: cautious scenario C$1.89, base C$2.69, optimistic C$3.49 per share (as of Nov 5, 2026, price C$3.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GGD?
GoGold Resources Inc. trades at a price-to-earnings ratio of 23.3 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$2.69 is built from several models across several years. Other multiples: P/B 3.0, P/S 10.2, EV/EBITDA 17.1.
How solid is the balance sheet of GoGold Resources Inc. (GGD)?
Balance-sheet figures for GoGold Resources Inc. (as of Nov 5, 2026): return on equity 11.0%, debt of 0.00 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is GGD from its 52-week high?
GoGold Resources Inc. trades at C$3.50, about 24% below its 52-week high of C$4.60 and 55% above the low of C$2.26 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$2.69 is for.
Which stocks are comparable to GoGold Resources Inc.?
From the same area (Basic Materials) we also value PT Amman Mineral Internasional Tbk, Hecla Mining Company, China Gold International Resources Corp, Compañía de Minas Buenaventura S.A., 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 GoGold Resources Inc. stock attractive at the current price?
The data as of Nov 5, 2026: price C$3.50, calculated fair value C$2.69 (−23%), Quality Score 65/100, 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 GGD calculated?
We run GoGold Resources Inc. 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$2.69 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 13.0% above its aggregate fair value. GoGold Resources Inc. itself currently trades above fair value. 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 GoGold Resources Inc. (GGD)?
The closing price on Nov 6, 2026 was C$3.50. Our model-based fair value is C$2.69, about 23% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GoGold Resources Inc. right now?
Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (C$1.89 to C$3.49) leaves room in how you read the outcome.
Key figures of GoGold Resources Inc.
How large is the market capitalisation of GoGold Resources Inc. (GGD)?
The market capitalisation of GoGold Resources Inc. is C$1.5B (≈ $1.1B). 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 GoGold Resources Inc. (GGD)?
The price-to-sales ratio of GoGold Resources Inc. is 5.58 (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 GoGold Resources Inc. (GGD)?
Earnings per share at GoGold Resources Inc. are C$0.1500 (price ÷ EPS = P/E 23.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of GoGold Resources Inc. (GGD)?
The net margin of GoGold Resources Inc. is 23.9% (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 GoGold Resources Inc. (GGD)?
The return on equity (ROE) of GoGold Resources Inc. is 11.0% (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 GoGold Resources Inc. (GGD)?
On an EBIT basis the return on assets of GoGold Resources Inc. is 1.2% (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 GoGold Resources Inc. (GGD)?
The operating margin of GoGold Resources Inc. is 38.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GoGold Resources Inc. (GGD)?
Revenue at GoGold Resources Inc. is growing +56.8% versus a year earlier (3y avg +26.2%). 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 GoGold Resources Inc. (GGD)?
Earnings per share at GoGold Resources Inc. are growing +18.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does GoGold Resources Inc. (GGD) hold?
GoGold Resources Inc. holds more cash than debt, $140M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 5, 2026