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GLGDF
Stock ticker: OTC
AS OF
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Capitalization
306.54M

GLGDF GoGold Resources, Inc. Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for GLGDF with price predictions
07:00 PM EST Dec 04, 2023

GLGDF's RSI Oscillator peaks and leaves overbought zone

The 10-day RSI Indicator for GLGDF moved out of overbought territory on December 04, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 instances where the indicator moved out of the overbought zone. In of the 31 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GLGDF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

GLGDF broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for GLGDF entered a downward trend on November 24, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 21, 2023. You may want to consider a long position or call options on GLGDF as a result. In of 105 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for GLGDF just turned positive on November 16, 2023. Looking at past instances where GLGDF's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

GLGDF moved above its 50-day moving average on November 27, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for GLGDF crossed bullishly above the 50-day moving average on November 29, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GLGDF advanced for three days, in of 247 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. GLGDF’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock slightly better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.154) is normal, around the industry mean (10.019). GLGDF's P/E Ratio (769.231) is considerably higher than the industry average of (72.573). GLGDF's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (5.008). Dividend Yield (0.000) settles around the average of (0.048) among similar stocks. P/S Ratio (10.384) is also within normal values, averaging (140.740).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Newmont Corp (NYSE:NEM), Barrick Gold Corp (NYSE:GOLD), Wheaton Precious Metals Corp (NYSE:WPM), Gold Fields Ltd (NYSE:GFI), Kinross Gold Corp (NYSE:KGC), Pan American Silver Corp (NYSE:PAAS), Hecla Mining Company (NYSE:HL), SSR Mining (NASDAQ:SSRM), FIRST MAJESTIC SILVER Corp (NYSE:AG).

Industry description

The Precious Metals industry is engaged in exploring/mining metals that are considered to be rare and/or have a high economic value. Popular precious metals include gold, platinum and silver - all three of which are largely used in jewelry, art and coinage alongwith having some industrial uses as well. Precious metals used in industrial processes include iridium, (used in specialty alloys), and palladium ( used in electronics and chemical applications). Historically, precious metals have traded at much higher prices than common industrial metals. Newmont Goldcorp Corp, Barrick Gold Corp and Freeport-McMoRan are few of the major precious metals producing companies in the U.S.

Market Cap

The average market capitalization across the Precious Metals Industry is 974.3M. The market cap for tickers in the group ranges from 575 to 47.49B. ZIJMY holds the highest valuation in this group at 47.49B. The lowest valued company is DRIFF at 575.

High and low price notable news

The average weekly price growth across all stocks in the Precious Metals Industry was 5%. For the same Industry, the average monthly price growth was 17%, and the average quarterly price growth was 9%. MAKAD experienced the highest price growth at 228%, while PDIV experienced the biggest fall at -44%.

Volume

The average weekly volume growth across all stocks in the Precious Metals Industry was -32%. For the same stocks of the Industry, the average monthly volume growth was -19% and the average quarterly volume growth was 52%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 75
Price Growth Rating: 50
SMR Rating: 89
Profit Risk Rating: 86
Seasonality Score: 31 (-100 ... +100)
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A.I. Advisor
published Earnings

GLGDF is expected to report earnings to fall 190.91% to 0 cents per share on February 08

GoGold Resources, Inc. GLGDF Stock Earnings Reports
Q4'23
Est.
$0.01
Q1'23
Missed
by $0.01
Q4'22
Missed
by $0.01
Q3'22
Beat
by $0.01
Q2'22
Est.
$0.00
The last earnings report on May 10 showed earnings per share of -1 cents, missing the estimate of 0 cents. With 79.62K shares outstanding, the current market capitalization sits at 306.54M.
A.I. Advisor
published General Information

General Information

Industry PreciousMetals

Profile
Fundamentals
Details
Industry
N/A
Address
2000 Barrington Street
Phone
+1 902 482-1998
Employees
185
Web
https://www.gogoldresources.com
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