Gold Financial Statements From 2010 to 2024

ELKMF Stock  USD 1.05  0.04  3.96%   
Gold Road financial statements provide useful quarterly and yearly information to potential Gold Road Resources investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Gold Road financial statements helps investors assess Gold Road's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Gold Road's valuation are summarized below:
Gold Road Resources does not presently have any fundamental trends for analysis.
Check Gold Road financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Gold main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Gold financial statements analysis is a perfect complement when working with Gold Road Valuation or Volatility modules.
  
This module can also supplement various Gold Road Technical models . Check out the analysis of Gold Road Correlation against competitors.

Gold Shares Outstanding Analysis

Gold Road's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Shares Outstanding

 = 

Public Shares

-

Repurchased

More About Shares Outstanding | All Equity Analysis

Current Gold Road Shares Outstanding

    
  1.08 B  
Most of Gold Road's fundamental indicators, such as Shares Outstanding, 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.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Competition

Based on the latest financial disclosure, Gold Road Resources has 1.08 B of shares currently outstending. This is 75.18% higher than that of the Basic Materials sector and 198.75% higher than that of the Gold industry. The shares outstanding for all United States stocks is 88.19% lower than that of the firm.

Gold Road Resources Fundamental Drivers 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 market capitalization category among related companies. It is one of the top stocks in retained earnings category among related companies . . 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.

About Gold Road Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Gold Road income statement, its balance sheet, and the statement of cash flows. Gold Road investors use historical funamental indicators, such as Gold Road's revenue or net income, 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. We offer a historical overview of the basic patterns found on Gold Road Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Gold Road. Please read more on our technical analysis and fundamental analysis pages.
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Gold Road in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Gold Road's short interest history, or implied volatility extrapolated from Gold Road options trading.

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

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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.
Pair CorrelationCorrelation Matching
Check out the analysis of Gold Road Correlation against competitors.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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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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.