GoGold Resources: Top 10 Undervalued Small Cap Stocks on TSX (GGD)
GoGold Resources is now ranked among the top 10 small cap stocks on the Toronto Stock Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
- Small caps total market capitalization (300M-2B)
Stocks in this category are held primarily for capital appreciation. Nano, micro, and small cap stocks can be very volatile and may generate high returns or losses. Whereas mid and large cap stocks tend to be more stable.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| ORE | Orezone Gold | 0.88 | 1.64 | 0.76 (86.0%) | 102614 | 328.1 | 0.0 | 5.4 |
| III | Imperial Metals | 2.08 | 3.67 | 1.59 (76.4%) | 17934 | 327.0 | 0.0 | 0.0 |
| LAAC | Lithium Americas | 8.07 | 14.20 | 6.13 (76.0%) | 397058 | 1335.8 | 0.0 | 0.0 |
| CXB | Calibre Mining | 1.32 | 2.32 | 1.00 (75.9%) | 1406558 | 630.2 | 0.0 | 5.6 |
| ESI | Ensign Energy Services | 2.17 | 3.70 | 1.53 (70.5%) | 354582 | 400.6 | 0.0 | 18.9 |
| BLDP | Ballard Power Systems | 4.70 | 7.99 | 3.29 (70.0%) | 622022 | 1403.9 | 0.0 | 0.0 |
| SGR-U | Slate Grocery | 8.56 | 14.48 | 5.92 (69.2%) | 3183 | 517.6 | 10.1 | 20.6 |
| GGD | GoGold Resources | 1.22 | 2.06 | 0.84 (69.0%) | 406827 | 384.6 | 0.0 | 0.0 |
| IAU | i-80 Gold | 2.27 | 3.74 | 1.47 (65.0%) | 435820 | 651.8 | 0.0 | 0.0 |
| CRON | Cronos Group | 2.48 | 3.98 | 1.50 (60.6%) | 158182 | 945.1 | 0.0 | 0.0 |
All data provided as of December 23, 2023.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
GoGold Resources
GoGold Resources Inc is a Canadian-based company engaged in the business of exploration, development, and production of gold, copper and silver. It operates in two segments: Mexico, which accounts for the majority of revenue; and Canada. Its Mexico segment consists of the Parral project and the Los Ricos project and the Corporation's corporate offices as the Canadian segment.
GoGold Resources is listed under GGD on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
