Gold Road Financials

ELKMF Stock  USD 1.04  0.01  0.95%   
We have collected data for thirty-six available reported financial drivers for Gold Road Resources, which can be compared to its competitors. To ensure the equity is not overpriced, please check out all Gold Road financials, including its price to earning, cash per share, beta, as well as the relationship between the gross profit and book value per share . Given that Gold Road Resources is a hitting penny stock territory we urge to closely look at its price to earning. The stock experiences a moderate downward daily trend which may be unreasonably hyped up. Check odds of Gold Road to be traded at $1.0192 in 90 days.
With this module, you can analyze Gold financials for your investing period. You should be able to track the changes in Gold Road individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Gold Road Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Gold Road's financial statements are interrelated, with each one affecting the others. For example, an increase in Gold Road's assets may result in an increase in income on the income statement.
Evaluating Gold Road's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Gold Road's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Gold Road's relative financial performance

Chance Of Distress

Less than 9

 
100  
 
Zero
Low
Gold Road Resources has less than 9 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Gold Road pink sheet is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Gold Road's odds of distress score SHOULD NOT be confused with the real chance of Gold Road Resources filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Gold is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Gold Road's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
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The data published in Gold Road's official financial statements usually reflect Gold Road's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Gold Road Resources. For example, before you start analyzing numbers published by Gold accountants, it's critical to develop an understanding of what Gold Road's liquidity, profitability, and earnings quality are in the context of the Basic Materials space in which it operates.
Please note, the presentation of Gold Road's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Gold Road's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Gold Road's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Gold Road Resources. Please utilize our Beneish M Score to check the likelihood of Gold Road's management manipulating its earnings.

Gold Road Company Summary

Gold Road competes with Newmont Goldcorp, Barrick Gold, Agnico Eagle, Wheaton Precious, and Gold Fields. Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Western Australia. Gold Road Resources Limited was incorporated in 2004 and is based in West Perth, Australia. Gold Road operates under Gold classification in the United States and is traded on OTC Exchange. It employs 73 people.
InstrumentUSA Pink Sheet View All
ExchangePINK Exchange
Business Address26 Colin Street,
SectorBasic Materials
IndustryGold
BenchmarkNYSE Composite
Websitewww.goldroad.com.au
Phone61 8 9200 1600
CurrencyUSD - US Dollar
You should never invest in Gold Road without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Gold Pink Sheet, because this is throwing your money away. Analyzing the key information contained in Gold Road's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Gold Road Key Financial Ratios

Generally speaking, Gold Road's financial ratios allow both analysts and investors to convert raw data from Gold Road's financial statements into concise, actionable information that can be used to evaluate the performance of Gold Road over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Gold Road Resources reports annually and quarterly.

Gold Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Gold Road's current stock value. Our valuation model uses many indicators to compare Gold Road value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Gold Road competition to find correlations between indicators driving Gold Road's intrinsic value. More Info.
Gold Road Resources is one of the top stocks in shares outstanding category among related companies. It is one of the top stocks in current asset category among related companies fabricating about  0.09  of Current Asset per Shares Outstanding. The ratio of Shares Outstanding to Current Asset for Gold Road Resources is roughly  11.70 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Gold Road by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Gold Road's Pink Sheet . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Gold Road's earnings, one of the primary drivers of an investment's value.

Gold Road Resources Systematic Risk

Gold Road's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Gold Road volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Gold Road Resources correlated with the market. If Beta is less than 0 Gold Road generally moves in the opposite direction as compared to the market. If Gold Road Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Gold Road Resources is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Gold Road is generally in the same direction as the market. If Beta > 1 Gold Road moves generally in the same direction as, but more than the movement of the benchmark.

About Gold Road Financials

What exactly are Gold Road Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Gold Road's income statement, its balance sheet, and the statement of cash flows. Potential Gold Road investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Gold Road investors may use each financial statement separately, they are all related. The changes in Gold Road's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Gold Road's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Gold Road Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Gold Road is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Gold has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Gold Road's financials are consistent with your investment objective using the following steps:
  • Review Gold Road's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Gold Road's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Gold Road's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Gold Road's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Gold Road Thematic Clasifications

Gold Road Resources is part of Gold and Gold Mining investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Stocks, funds, and ETFs that are involved in producing or trading gold across different geographical areas. Large and mid-size companies, ETFs and funds that are either investing, exploring or producing, gold or indirectly involved in trading or making gold products
Gold and Gold MiningView
This theme covers Stocks, funds, and ETFs that are involved in producing or trading gold across different geographical areas. Large and mid-size companies, ETFs and funds that are either investing, exploring or producing, gold or indirectly involved in trading or making gold products. Get More Thematic Ideas

Gold Road March 29, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Gold Road help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Gold Road Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Gold Road Resources based on widely used predictive technical indicators. In general, we focus on analyzing Gold Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Gold Road's daily price indicators and compare them against related drivers.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Gold Road Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running Gold Road's price analysis, check to measure Gold Road's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gold Road is operating at the current time. Most of Gold Road's value examination focuses on studying past and present price action to predict the probability of Gold Road's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Road's price. Additionally, you may evaluate how the addition of Gold Road to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Gold Road's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Road is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Road's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.