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Golconda Gold Ltd (GGGOF) Fair Value & Analysis

Basic Materials · US · Market cap $124M

GG Golconda Gold Ltd logo Golconda Gold Ltd GGGOF · US
Price$1.85
Fair Value$1.73
Upside-6.5%
Quality80/100
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Weak Growth
Highly profitable · 33.8% net margin
Low debt · generates free cash flow
Ranks above peers (9/13)
Wide moat 85/100
Evidence: High Range $0.9800 – $2.35 Share as image

Fair value as of: Jul 16, 2026

From 24 valuation models · updated 25 days ago

Share price +22.2% over the past month.

A strong business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range ($0.9800 to $2.35) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$2.99 $0.0729 Fair Value $1.73 Aug 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range $0.0729 – $2.99 · fair‑value band $0.9800 – $2.35 · the $1.85 price screens above the $1.73 fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Golconda Gold Ltd (GGGOF) currently trades at $1.85, while our model-based Fair Value estimate is $1.73, implying the stock looks roughly 6.5% fairly valued today. The Quality Score stands at 80/100 (high quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Golconda Gold Ltd generated revenue of $41.0M at a net margin of 33.8%. Revenue grew 108.8% year over year. It earns a return on equity of 35.5%. Net debt stands at $3.6M. Fundamentals as of Jul 16, 2026

Our scenario range runs from $0.9800 (bear case) to $2.35 (bull case); at $1.85, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 39% below its 52-week high and 330% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 16% fair-value upside, at -6%, GGGOF screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF $0.9400 $1.45 $2.37 80
Residual Income $0.7100 $0.9500 $3.47 76
Rev-Margin DCF $0.7200 $1.28 $2.33 74
All 24 models by family
DCF Models
FCF DCF $1.00 $1.39 $2.52 38
Owner Earnings $0.9700 $1.87 $3.45 31
5Y Revenue Exit $0.7200 $1.13 $1.98 39
5Y EBITDA Exit $1.24 $2.18 $4.02 41
5Y P/E Exit $1.50 $3.39 $5.97 38
10Y Revenue Exit $0.8000 $1.49 $1.87 36
10Y EBITDA Exit $1.14 $2.44 $4.72 37
10Y P/E Exit $1.31 $2.93 $5.64 35
Earnings-Based
Graham-Dodd $0.9300 $6.52 $9.15 54
Lynch FV $2.39 $3.42 $4.45 50
PEG = 1.0 $2.39 $3.42 $4.45 46
EPV $1.11 $1.24 $1.34 59
Multiples
P/E Multiple $1.75 $2.34 $2.92 63
P/S Multiple $0.5300 $0.7100 $0.8900 58
P/B Multiple $1.28 $1.70 $2.13 55
EV/EBIT $1.79 $2.38 $2.97 53
EV/EBITDA $1.37 $1.82 $2.26 54
EV/Revenue $0.5300 $0.7400 $0.9500 43
Asset-Based
NCAV (Graham) $0.2800 $0.3800 $0.5700 50
Growth DCF
Growth DCF $0.9400 $1.45 $2.37 80
Rev-Margin DCF $0.7200 $1.28 $2.33 74
Economic Profit
Residual Income $0.7100 $0.9500 $3.47 76
ROIC Compounder $1.33 $1.78 $2.33 72
Growth Earnings
Growth-Adj P/E $2.85 $4.07 $5.29 68

Widest divergence: Growth Earnings ($4.07) versus Asset-Based ($0.3800). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $41.0M
Revenue growth (YoY) +109%
Net margin 33.8%
Return on equity 35.5%
Free cash flow $5.8M FY2025
P/E ratio 9.7
More key figures
Operating margin 44.0%
EPS (TTM) $0.1800
EPS growth (YoY) +250%
Net debt $3.6M FY2024

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 80/100

Of which business quality 76 · Market factors (momentum, volatility) 43

Profitability 74
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 77
Distance to the 52-week high (market factor)
Net Issuance 84
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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. The company was formerly known as Galane Gold Ltd.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$33.7M
Latest YoY
+144.0%
Avg. growth/yr (3Y) 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.
+36.8%
Avg. growth/yr (5Y) 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.
−7.2%
Avg. growth/yr (14Y) 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.
+1.2%
Revenue +84.1%/yr
FY21 $2.9M
FY22 $13.2M
FY23 $9.4M
FY24 $13.8M
FY25 $33.7M
Net income
FY21 −$4.0M
FY22 −$970K
FY23 −$2.1M
FY24 −$1.2M
FY25 $9.8M

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Cite: Fair Value Calculator (2026). "Golconda Gold Ltd Fair Value". https://www.fairvalue-calculator.com/stock/GGGOF

Peer Group

Gold · 259 stocks

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.

Quality Score 80 · Top 25%
Fair Value upside −7% · Above median
Return on equity (TTM) 35% · Top 25%
Return on assets 18% · Top 25%
Net margin (TTM) 34% · Top 25%
Operating margin (TTM) 44% · Above median
Revenue growth 109% · Above median
Debt / equity 0.04× · Higher than median

Valuation Multiples vs Gold median · lower = cheaper

P/E (TTM) 9.7× · Cheaper than median
P/B 3.07× · Pricier than median
P/S (TTM) 3.03× · Cheaper than median
P/FCF 21.3× · Pricier than median
EV/EBITDA 6.8× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 25 · sector 0
FUTURE 100 · sector 100
PAST 100 · sector 0
HEALTH 98 · sector 98
DIVIDEND 0 · sector 24

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Gold stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $112.00 $132.73 +19%
Zijin Mining Group 601899 ¥28.36 ¥30.58 +8%
Agnico Eagle Mines Limited AEM C$191.93 C$154.33 -20%
Barrick Mining Corporation B $34.93 $50.66 +45%
Wheaton Precious Metals Corp WPM C$152.57 C$52.47 -66%
Franco-Nevada Corporation FNV C$284.75 C$97.76 -66%
AngloGold Ashanti plc AU $76.35 $88.63 +16%
Gold Fields Limited GFI $33.33 $59.06 +77%
Kinross Gold Corporation KGC $22.57 $34.62 +53%
Northern Star Resources Limited NST A$20.48 A$15.98 -22%

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Frequently asked questions

Is Golconda Gold Ltd (GGGOF) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of $1.73 versus a price of $1.85, about −6% (fairly valued).
What is the fair value of GGGOF?
Our model-based fair value for Golconda Gold Ltd is $1.73 (as of Jul 16, 2026), built from audited fundamentals. The current price is $1.85.
What is the quality score of GGGOF?
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 revenue of Golconda Gold Ltd (GGGOF)?
Golconda Gold Ltd reported trailing-twelve-month revenue of about $41.0M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of GGGOF?
The net profit margin of Golconda Gold Ltd is about 33.8%, meaning it keeps roughly 33.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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