Gold Road Resources Limited (ELKMF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Gold Road Resources Limited (ELKMF) trades at $2.55 with AI Score 50/100 (Grade B). Gold Road Resources Limited is an Australian gold exploration and development company. Market cap: $2.76B, Sector: Basic materials.
Price live · AI analysis from Mar 16, 2026Analyst Coverage for ELKMF: ELKMF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates ELKMF against Basic Materials peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
ELKMF: the 1 perspectives are evenly split.
How is this calculated? →Gold Road Resources Limited (ELKMF) Materials & Commodity Exposure
Gold Road Resources Limited, based in Western Australia, focuses on gold exploration and development, primarily through its 50% ownership in the Gruyere gold mine, a joint venture with Gold Fields Ltd. The company also holds significant tenements across the Yamarna region, positioning it as a key player in the Australian gold sector.
What Is the Investment Thesis for ELKMF?
Gold Road Resources presents an investment opportunity centered on its 50% ownership of the Gruyere gold mine, a producing asset with substantial reserves. The company's profitability is reflected in its 31.0% profit margin and 52.9% gross margin. With a dividend yield of 11.92%, the company provides a substantial return to shareholders. Key catalysts include ongoing exploration success at Yamarna and potential expansions at Gruyere. Potential risks include fluctuations in gold prices and operational challenges at the mine. The company's beta of 0.65 suggests lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
ELKMF Key Highlights
- Market capitalization of $2.76B, reflecting investor confidence in the company's assets and operations.
- P/E ratio of 18.35, indicating a reasonable valuation relative to earnings.
- Profit margin of 31.0%, demonstrating efficient operations and cost management.
- Gross margin of 52.9%, showcasing the value-added nature of the company's gold production.
- Dividend yield of 11.92%, providing a significant return to shareholders.
Who Are ELKMF's Competitors?
ELKMF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CLZNY Clariant AG | $9.09 | -7.81% | $2.99B | 41 |
| DRDGF DRDGOLD Limited | $2.07 | -17.53% | $1.79B | 59 |
| HCHDF Hochschild Mining plc | $6.55 | +3.23% | $3.37B | 55 |
| HXPLF HEXPOL AB (publ) | $7.70 | +3.22% | $2.54B | 44 |
| KNTNF K92 Mining Inc. | $16.05 | -3.11% | $3.93B | 51 |
| WPM Wheaton Precious Metals Corp. | $115.28 | -0.38% | $52.35B | 69 |
| ORLA Orla Mining Ltd. | $10.17 | -0.10% | $3.82B | 69 |
| OR OR Royalties Inc. | $30.82 | -1.97% | $5.78B | 68 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ELKMF's Key Strengths?
- Ownership stake in the Gruyere gold mine.
- Large landholding in the Yamarna region.
- Strong financial performance with high profit and gross margins.
- Experienced management team.
What Are ELKMF's Weaknesses?
- Reliance on a single producing asset (Gruyere).
- Exposure to fluctuations in gold prices.
- Dependence on joint venture partner (Gold Fields Ltd.).
- Limited diversification of operations.
What Could Drive ELKMF Stock Higher?
- Exploration results from the Yamarna tenements could reveal new gold deposits and increase the company's resource base.
- Production optimization at the Gruyere gold mine could lead to increased gold output and lower operating costs.
- Feasibility studies for potential expansions at Gruyere may demonstrate the economic viability of increasing production capacity.
- Potential acquisitions of other gold projects or companies could expand the company's operations and resource base.
- Favorable gold price movements could increase the profitability of the company's operations.
What Are the Key Risks for ELKMF?
- Fluctuations in gold prices could impact the company's revenue and profitability.
- Operational challenges at the Gruyere mine, such as equipment failures or geological issues, could disrupt production.
- Environmental regulations and permitting requirements could delay project timelines and increase costs.
- Competition from other gold miners could impact the company's ability to acquire new projects or resources.
- Dependence on joint venture partner (Gold Fields Ltd.) for the operation of the Gruyere mine.
What Are the Growth Opportunities for ELKMF?
- Exploration Success at Yamarna: Gold Road controls 100% of tenements covering 4,000 square kilometers across the Yamarna region, which contains a mineral resource of 0.51 million ounces. Continued exploration success at Yamarna could lead to the discovery of new gold deposits, increasing the company's resource base and extending its mine life. The timeline for exploration and development is ongoing, with the potential for new discoveries in the near term. The market size for gold exploration in the region is significant, with numerous companies actively exploring for gold deposits.
- Expansion of Gruyere Gold Mine: The Gruyere gold mine has mineral resources of 7.38 million ounces, including an ore reserve of 4.45 million ounces. Expansion of the Gruyere mine could increase production and extend its mine life. The timeline for expansion is dependent on feasibility studies and permitting, but could occur within the next 3-5 years. The market size for gold production in Australia is substantial, with Gruyere contributing significantly to the country's output.
- Strategic Acquisitions: Gold Road could pursue strategic acquisitions of other gold projects or companies in the region. Acquisitions could provide access to new resources, expand the company's production base, and create synergies. The timeline for acquisitions is uncertain, but could occur at any time. The market size for gold mining mergers and acquisitions is significant, with numerous transactions occurring each year.
- Increased Gold Prices: A sustained increase in gold prices would increase the profitability of Gold Road's operations and enhance its financial performance. The timeline for gold price increases is uncertain, but is influenced by macroeconomic factors, geopolitical events, and investor sentiment. The market size for gold is global, with prices determined by supply and demand dynamics.
- Technological Advancements: Implementing new technologies in mining and processing could improve efficiency, reduce costs, and increase production. The timeline for technological advancements is ongoing, with new technologies being developed and implemented continuously. The market size for mining technology is significant, with numerous companies developing and selling innovative solutions.
What Opportunities Does ELKMF Have?
- Exploration success at Yamarna.
- Expansion of the Gruyere gold mine.
- Strategic acquisitions of other gold projects.
- Increased gold prices.
What Threats Does ELKMF Face?
- Operational challenges at the Gruyere mine.
- Environmental regulations and permitting requirements.
- Competition from other gold miners.
- Geopolitical risks.
What Are ELKMF's Competitive Advantages?
- Significant ownership stake in a large-scale, producing gold mine (Gruyere).
- Extensive landholding in a prospective gold region (Yamarna).
- Joint venture partnership with a major gold producer (Gold Fields Ltd.).
What Does ELKMF Do?
Gold Road Resources Limited, established in 2004 and formerly known as Eleckra Mines Limited until 2010, is an Australian company engaged in the exploration and development of mineral properties, with a primary focus on gold deposits. The company's flagship asset is its 50% interest in the Gruyere gold mine, a joint venture with Gold Fields Ltd. The Gruyere mine is a significant operation with mineral resources of 7.38 million ounces, including an ore reserve of 4.45 million ounces. Gold Road actively participates in the management and operation of the Gruyere JV, contributing to its production and expansion. In addition to its interest in Gruyere, Gold Road controls 100% of tenements covering 4,000 square kilometers across the Yamarna region, which contains a mineral resource of 0.51 million ounces. This extensive landholding provides the company with significant exploration potential and the opportunity to discover and develop new gold deposits. Gold Road is based in West Perth, Australia, and operates with a team of 73 employees.
What Products and Services Does ELKMF Offer?
- Explores for gold deposits in Western Australia.
- Owns 50% interest in the Gruyere gold mine.
- Manages and operates the Gruyere joint venture with Gold Fields Ltd.
- Controls 100% of tenements covering 4,000 square kilometers across Yamarna.
- Develops mineral properties.
- Seeks to increase gold production and reserves.
How Does ELKMF Make Money?
- Generates revenue from the sale of gold produced at the Gruyere gold mine.
- Shares profits from the Gruyere joint venture with Gold Fields Ltd.
- Explores and develops mineral properties to increase gold reserves.
- Potentially generates revenue from the sale of mineral properties or royalties.
What Industry Does ELKMF Operate In?
Gold Road Resources operates within the Australian gold mining industry, a sector characterized by significant exploration and production activity. The industry is influenced by global gold prices, geopolitical factors, and macroeconomic trends. Gold Road's Gruyere mine contributes to Australia's position as a leading gold producer. The company competes with other gold miners in the region for resources, talent, and investment capital. The industry is subject to environmental regulations and permitting requirements, which can impact project timelines and costs.
Who Are ELKMF's Key Customers?
- Gold buyers and refineries.
- Investors in Gold Road Resources Limited.
- Shareholders of Gold Road Resources Limited.
ROE 15%Key Financial Metrics
Return on equity for Gold Road Resources Limited stands at 15.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 11.2%, showing how much profit it generates from its asset base. ELKMF trades at a trailing price-to-earnings ratio of 18.35, below the Basic Materials sector average of ~22x. Its free cash flow yield is 5.1%, a gauge of the cash the business throws off relative to its market value. A current ratio of 3.28 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 5.4%, the inverse of the P/E and a quick read on earnings relative to price.
Gold Road Resources Limited (ELKMF) Valuation Context
Valued at $2.76B, ELKMF is classified as a mid-cap stock. Relative to its peer group, ELKMF's quantitative score of 50/100 is roughly in line with the peer average of 50/100.
Company Profile
Gold Road Resources Limited operates in the Gold industry within the Basic Materials sector. It is headquartered in West Perth, AU. The company is led by CEO Duncan Gibbs. ELKMF has traded publicly since 2011.
F-Score 6/9Financial Health
Gold Road Resources Limited's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 8.29 places it in the safe zone, indicating low near-term bankruptcy risk.
FY2026 estForward Outlook
Wall Street analysts project Gold Road Resources Limited revenue of about $930.7M for fiscal 2026, with EPS near $0.37. The estimate reflects 7 contributing analysts.
ELKMF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Ownership stake in the Gruyere gold mine.
- Large landholding in the Yamarna region.
- Strong financial performance with high profit and gross margins.
- Experienced management team.
Bear Case
- Reliance on a single producing asset (Gruyere).
- Exposure to fluctuations in gold prices.
- Dependence on joint venture partner (Gold Fields Ltd.).
- Limited diversification of operations.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
ELKMF Latest News
No recent news available for ELKMF.
ELKMF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ELKMF.
Price Targets
Wall Street price target analysis for ELKMF.
ELKMF MoonshotScore
What does this score mean?
The MoonshotScore rates ELKMF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Duncan Gibbs
Managing Director & CEO
Duncan Gibbs serves as the Managing Director and CEO of Gold Road Resources Limited, leading a team of 73 employees. His background includes extensive experience in the mining industry, with a focus on gold exploration and development. He has held various leadership positions in mining companies, contributing to project development and operational efficiency. Gibbs' expertise encompasses strategic planning, resource management, and stakeholder engagement.
Track Record: Under Duncan Gibbs' leadership, Gold Road Resources has focused on optimizing production at the Gruyere gold mine and advancing exploration efforts at Yamarna. Key achievements include maintaining consistent production levels at Gruyere and expanding the company's resource base through exploration. Gibbs has also overseen the implementation of cost-saving measures and the strengthening of relationships with key stakeholders.
ELKMF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Gold Road Resources Limited (ELKMF) may not meet the minimum financial standards or disclosure requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial reporting, making it more difficult for investors to assess their financial health and operational performance compared to companies listed on major exchanges like the NYSE or NASDAQ. Investing in OTC Other stocks carries higher risks due to the lack of regulatory oversight and potential for fraud or manipulation.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited liquidity compared to major exchanges.
- Lack of regulatory oversight and financial reporting requirements.
- Potential for price manipulation and fraud.
- Higher volatility due to lower trading volume.
- Information scarcity and difficulty in conducting due diligence.
- Verify the company's registration and legal status.
- Review available financial statements and disclosures.
- Assess the company's management team and track record.
- Research the company's industry and competitive landscape.
- Evaluate the company's risk factors and potential liabilities.
- Consult with a financial advisor before investing.
- Understand the risks associated with OTC investments.
- Established operations in Western Australia.
- Ownership stake in the Gruyere gold mine.
- Joint venture partnership with Gold Fields Ltd.
- History of gold exploration and development.
- Presence of a CEO and management team.
What Investors Ask About Gold Road Resources Limited (ELKMF) — Basic Materials
What does Gold Road Resources Limited do?
Gold Road Resources Limited is an Australian gold exploration and development company focused on discovering and developing gold deposits in Western Australia. Its primary asset is a 50% interest in the Gruyere gold mine, a joint venture with Gold Fields Ltd, which is a significant gold-producing operation. Additionally, Gold Road controls 100% of tenements across the Yamarna region, representing a substantial exploration portfolio with the potential for new discoveries and resource expansion. The company aims to create value through exploration success, efficient mine operations, and strategic acquisitions.
What are the main risks for ELKMF?
The main risks for Gold Road Resources Limited include fluctuations in gold prices, which can impact revenue and profitability. Operational challenges at the Gruyere gold mine, such as equipment failures or geological issues, could disrupt production. Environmental regulations and permitting requirements could delay project timelines and increase costs. The company is also dependent on its joint venture partner, Gold Fields Ltd, for the operation of the Gruyere mine. Limited liquidity due to trading on the OTC market also presents a risk.
What are the key factors to evaluate for ELKMF?
Gold Road Resources Limited (ELKMF) holds an AI score of 50/100 (moderate). Not financial advice.
How frequently does ELKMF data refresh on this page?
ELKMF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven ELKMF's recent stock price performance?
Gold Road Resources Limited (ELKMF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Ownership stake in the Gruyere gold mine. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider ELKMF overvalued or undervalued right now?
Valuing Gold Road Resources Limited (ELKMF) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying ELKMF?
Before investing in Gold Road Resources Limited (ELKMF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding ELKMF to a portfolio?
Key strength of Gold Road Resources Limited (ELKMF): Ownership stake in the Gruyere gold mine. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for ELKMF, limiting comprehensive insights.