Yahoo Finance GoGold Resources Full Year 2023 Earnings: Misses Expectations
GoGold Resources (TSE:GGD) Full Year 2023 Results
Key Financial Results
Revenue: US$30.3m (down 16% from FY 2022).
Net loss: US$7.89m (down from US$692.0k profit in FY 2022).
US$0.025 loss per share (down from US$0.002 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
GoGold Resources Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 148%.
Looking ahead, revenue is forecast to grow 55% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company's shares are down 3.1% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for GoGold Resources that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
