Gold Road Resources Stock Shares Owned By Institutions
| ELKMF Stock | USD 1.10 0.01 0.92% |
Gold Road Resources fundamentals help investors to digest information that contributes to Gold Road's financial success or failures. It also enables traders to predict the movement of Gold Pink Sheet. The fundamental analysis module provides a way to measure Gold Road's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Gold Road pink sheet.
Gold |
Gold Road Resources Company Shares Owned By Institutions Analysis
Gold Road's Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
More About Shares Owned By Institutions | All Equity Analysis
Shares Held by Institutions | = | Funds and Banks | + | Firms |
Current Gold Road Shares Owned By Institutions | 42.61 % |
Most of Gold Road's fundamental indicators, such as Shares Owned By Institutions, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Gold Road Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
| Competition |
Based on the latest financial disclosure, 42.61% of Gold Road Resources are shares owned by institutions. This is 54.22% higher than that of the Basic Materials sector and 94.83% higher than that of the Gold industry. The shares owned by institutions for all United States stocks is 8.67% lower than that of the firm.
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Gold Fundamentals
| Return On Equity | 0.1 | |||
| Return On Asset | 0.0674 | |||
| Profit Margin | 0.17 % | |||
| Operating Margin | 0.24 % | |||
| Current Valuation | 1.19 B | |||
| Shares Outstanding | 1.08 B | |||
| Shares Owned By Insiders | 4.00 % | |||
| Shares Owned By Institutions | 42.61 % | |||
| Price To Earning | 16.86 X | |||
| Price To Book | 2.73 X | |||
| Price To Sales | 3.87 X | |||
| Revenue | 274.76 M | |||
| Gross Profit | 99.39 M | |||
| EBITDA | 120.73 M | |||
| Net Income | 36.79 M | |||
| Cash And Equivalents | 160.27 M | |||
| Cash Per Share | 0.15 X | |||
| Total Debt | 115.43 M | |||
| Debt To Equity | 0.16 % | |||
| Current Ratio | 3.45 X | |||
| Book Value Per Share | 0.67 X | |||
| Cash Flow From Operations | 89.24 M | |||
| Earnings Per Share | 0.04 X | |||
| Number Of Employees | 73 | |||
| Beta | 0.68 | |||
| Market Capitalization | 1.11 B | |||
| Total Asset | 652.39 M | |||
| Retained Earnings | (51 M) | |||
| Working Capital | 87 M | |||
| Current Asset | 92 M | |||
| Current Liabilities | 5 M | |||
| Z Score | 5.4 | |||
| Annual Yield | 0.01 % | |||
| Net Asset | 652.39 M | |||
| Last Dividend Paid | 0.015 |
About Gold Road Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Gold Road Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Gold Road using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Gold Road Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Gold Road
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gold Road position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gold Road will appreciate offsetting losses from the drop in the long position's value.Moving together with Gold Pink Sheet
| 0.67 | NEM | Newmont Goldcorp Corp Aggressive Push | PairCorr |
| 0.71 | GOLD | Barrick Gold Corp Earnings Call This Week | PairCorr |
Moving against Gold Pink Sheet
| 0.43 | JNJ | Johnson Johnson Financial Report 18th of July 2024 | PairCorr |
The ability to find closely correlated positions to Gold Road could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gold Road when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gold Road - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gold Road Resources to buy it.
The correlation of Gold Road is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gold Road moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gold Road Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Gold Road can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Gold Pink Sheet analysis
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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