Gold Reserve Inc. (GDRZF)
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 Reserve Inc. (GDRZF) trades at $4.64 with AI Score 58/100 (Grade B). Gold Reserve Inc. is an exploration stage company focused on acquiring and developing mining properties, primarily the Siembra Minera project in Venezuela. Market cap: $559.95M, Sector: Basic materials.
Price live · AI analysis from Mar 16, 2026Analyst Coverage for GDRZF: GDRZF 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 GDRZF against Basic Materials peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
GDRZF: 2/4 perspectives are bearish. Dominant signal: Seth Klarman bearish.
How is this calculated? →Gold Reserve Inc. (GDRZF) Materials & Commodity Exposure
Gold Reserve Inc., based in Spokane, Washington, is an exploration stage company focused on developing its Siembra Minera project in Venezuela, which contains gold, copper, and silver deposits. With a market capitalization of $559.95M, the company operates in the gold sector.
What Is the Investment Thesis for GDRZF?
Gold Reserve Inc.'s investment thesis hinges on the successful development of its Siembra Minera project in Venezuela. The company's market capitalization stands at $0.59 billion. Key value drivers include positive exploration results, securing necessary permits for mining operations, and favorable resolution of any political or economic challenges in Venezuela. The company's gross margin is 90.7%. However, the company's negative profit margin of -3259.3% indicates significant challenges in achieving profitability. Investors should carefully consider the risks associated with operating in Venezuela and the uncertainties inherent in exploration stage companies.
Based on FMP financials and quantitative analysis
GDRZF Key Highlights
- Market capitalization of $559.95M reflects investor valuation of the company's assets and future potential.
- Gross margin of 90.7% indicates strong potential profitability from mining operations, assuming successful development.
- Negative P/E ratio of -20.39 suggests the company is currently unprofitable, requiring careful monitoring of financial performance.
- Beta of 0.41 indicates lower volatility compared to the overall market, potentially appealing to risk-averse investors.
- Siembra Minera project in Venezuela represents a significant asset with gold, copper, and silver deposits.
Who Are GDRZF's Competitors?
GDRZF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AUMBF 1911 Gold Corporation | $0.47 | -5.55% | $147.06M | 48 |
| GSHRF Gold X2 Mining Inc. | $0.89 | +2.50% | $538.16M | 48 |
| KFFLF KEFI Gold and Copper Plc | $0.01 | +0.00% | $157.63M | 45 |
| MAIFF Minera Alamos Inc. | $3.71 | -1.59% | $203.12M | 42 |
| 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 |
| FNV Franco-Nevada Corporation | $214.72 | -1.31% | $41.41B | 66 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are GDRZF's Key Strengths?
- Significant mineral resources at the Siembra Minera project.
- Experienced management team in exploration and development.
- High gross margin potential.
- Low beta indicates lower volatility.
What Are GDRZF's Weaknesses?
- Exploration stage company with no current revenue generation.
- High dependence on the Siembra Minera project.
- Negative profit margin.
- Operating in a politically and economically unstable region.
What Could Drive GDRZF Stock Higher?
- Exploration results from the Siembra Minera project could reveal new mineral deposits and increase the project's value.
- Securing necessary permits for mining operations in Venezuela would be a significant milestone.
- Forming strategic partnerships with larger mining companies could provide access to capital and expertise.
- Changes in the political and economic environment in Venezuela could create a more favorable climate for mining investment.
- Positive feasibility study results could demonstrate the economic viability of the Siembra Minera project.
What Are the Key Risks for GDRZF?
- Negative return on equity (-46.9%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 1/9 flags soft profitability, leverage or efficiency.
- Political and economic instability in Venezuela poses significant risks to the company's operations.
- Fluctuations in gold, copper, and silver prices could impact the profitability of the Siembra Minera project.
- Environmental regulations and permitting challenges could delay or prevent the development of the project.
- Competition from other mining companies for resources and financing.
- Limited liquidity in the OTC market could make it difficult to buy or sell shares.
What Are the Growth Opportunities for GDRZF?
- Advancing the Siembra Minera project: The primary growth opportunity lies in successfully advancing the Siembra Minera project towards development and eventual gold production. This involves conducting further exploration to delineate the resource, completing feasibility studies, obtaining necessary permits, and securing financing. The timeline for this is multi-year, and the market size is dependent on the proven reserves and prevailing gold prices.
- Expanding exploration activities: Gold Reserve could expand its exploration activities to other areas within the Siembra Minera concession or acquire new properties with promising mineral potential. This would diversify the company's asset base and reduce its reliance on a single project. The timeline for this is dependent on identifying suitable targets and securing necessary funding.
- Strategic partnerships: Forming strategic partnerships with larger mining companies could provide Gold Reserve with access to capital, technical expertise, and operational support. This could accelerate the development of the Siembra Minera project and reduce the company's financial risk. The timeline for this is dependent on finding suitable partners and negotiating favorable terms.
- Technological advancements: Implementing advanced mining technologies could improve efficiency, reduce costs, and minimize environmental impact. This could enhance the economic viability of the Siembra Minera project and improve the company's competitiveness. The timeline for this is dependent on the availability and adoption of new technologies.
- Favorable regulatory environment: Changes in the regulatory environment in Venezuela could create a more favorable climate for mining investment and development. This could reduce the risks associated with operating in the country and attract additional capital to the Siembra Minera project. The timeline for this is uncertain and dependent on political and economic developments.
What Opportunities Does GDRZF Have?
- Advancing the Siembra Minera project to production.
- Expanding exploration activities to other areas.
- Forming strategic partnerships with larger mining companies.
- Benefiting from favorable changes in the regulatory environment.
What Threats Does GDRZF Face?
- Political and economic instability in Venezuela.
- Fluctuations in gold, copper, and silver prices.
- Environmental regulations and permitting challenges.
- Competition from other mining companies.
What Are GDRZF's Competitive Advantages?
- Control over the Siembra Minera project, which contains significant mineral deposits.
- Expertise in exploration and development of mining properties.
- Established relationships with key stakeholders in the mining industry.
- First-mover advantage in the Siembra Minera region.
What Does GDRZF Do?
Gold Reserve Inc. was incorporated in 1956 and is focused on the acquisition, exploration, and development of mining properties. Its primary asset is the Siembra Minera project located in Bolivar, Venezuela. This project encompasses approximately 18,950 hectares and holds significant deposits of gold, copper, silver, and other strategic minerals. The company is in the exploration stage, meaning it is focused on identifying and assessing the economic viability of mineral deposits rather than active mining operations. Gold Reserve's activities are centered on advancing the Siembra Minera project towards potential future development. The company's success is highly dependent on the outcome of exploration activities, securing necessary permits and financing, and navigating the political and economic landscape of Venezuela. Headquartered in Spokane, Washington, Gold Reserve Inc. is a relatively small company with 5 employees.
What Products and Services Does GDRZF Offer?
- Acquires mining properties with potential for gold, copper, silver, and other minerals.
- Explores acquired properties to identify and assess mineral deposits.
- Develops mining projects, including feasibility studies and permitting.
- Focuses primarily on the Siembra Minera project in Venezuela.
- Seeks to extract and process minerals from its properties.
- Aims to generate revenue through the sale of extracted minerals.
How Does GDRZF Make Money?
- Acquire mineral rights and explore for commercially viable deposits.
- Develop mining projects to extract and process minerals.
- Sell extracted minerals, such as gold, copper, and silver, to generate revenue.
- Seek strategic partnerships to finance and develop projects.
What Industry Does GDRZF Operate In?
Gold Reserve Inc. operates within the gold mining industry, which is influenced by global economic conditions, geopolitical events, and investor sentiment towards safe-haven assets. The industry is characterized by intense competition, high capital expenditures, and long lead times for project development. Companies like Gold Reserve face challenges such as fluctuating gold prices, environmental regulations, and political risks, particularly when operating in countries like Venezuela. The company competes with other gold exploration and mining companies for resources, financing, and investor attention.
Who Are GDRZF's Key Customers?
- Refineries that process raw gold, copper, and silver.
- Industrial consumers of gold, copper, and silver.
- Financial institutions that trade in precious metals.
How Gold Reserve Inc. Is Valued
Gold Reserve Inc. carries a market capitalization of $559.95M, placing it in the small-cap category. Relative to its peer group, GDRZF's quantitative score of 58/100 is roughly in line with the peer average of 50/100.
Company Profile
Gold Reserve Inc. operates in the Gold industry within the Basic Materials sector. It is headquartered in Spokane, US. The company is led by CEO Paul C. Rivett. GDRZF has traded publicly since 2013.
ROE -47%Key Financial Metrics
Return on equity for Gold Reserve Inc. stands at -46.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -25.6%, showing how much profit it generates from its asset base. Its free cash flow yield is -7.1%, a gauge of the cash the business throws off relative to its market value. A current ratio of 8.17 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -6.3%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 1/9Financial Health
Gold Reserve Inc.'s Piotroski F-Score is 1/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 15.75 places it in the safe zone, indicating low near-term bankruptcy risk.
FY2026 estForward Outlook
Wall Street analysts project Gold Reserve Inc. revenue of about $0 for fiscal 2026, with EPS near $-0.30.
GDRZF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider purchases indicate strong confidence among executives in the company's future prospects, suggesting they believe in upcoming positive developments.
- Community sentiment has shifted positively, with discussions highlighting the potential of Gold Reserve's projects in the resource sector.
- Market perception is buoyed by increasing demand for precious metals, which could enhance the company's value and profitability.
- Recent announcements regarding exploration progress have sparked optimism among investors, reinforcing a bullish outlook.
Bear Case
- Concerns remain about regulatory hurdles that could impact project timelines and investor sentiment negatively.
- Community sentiment has also shown skepticism regarding the company's ability to execute on its growth plans effectively, with some voices advocating caution.
- Market developments in alternative energy sources may divert attention away from traditional precious metals, affecting demand.
- Insider selling activity in the past raised red flags for some investors, suggesting potential lack of confidence from certain executives.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · April 2026
GDRZF Latest News
No recent news available for GDRZF.
GDRZF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for GDRZF.
Price Targets
Wall Street price target analysis for GDRZF.
GDRZF MoonshotScore
What does this score mean?
The MoonshotScore rates GDRZF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Paul C. Rivett
CEO
Paul C. Rivett serves as the CEO of Gold Reserve Inc. His background includes experience in managing small teams and navigating the complexities of resource exploration and development. His leadership is focused on advancing the Siembra Minera project and creating value for shareholders. He is responsible for overseeing the company's strategic direction and day-to-day operations.
Track Record: Under Paul Rivett's leadership, Gold Reserve Inc. has focused on advancing the Siembra Minera project despite challenges in Venezuela. Key milestones include securing agreements with the Venezuelan government and conducting exploration activities to further define the mineral resources. His tenure has been marked by efforts to navigate the political and economic complexities of operating in the region.
GDRZF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Gold Reserve Inc. may not meet the minimum financial or disclosure requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial information available and may be subject to less regulatory oversight compared to companies listed on major exchanges like the NYSE or NASDAQ. Investing in OTC Other stocks carries higher risks due to the potential for limited liquidity and information.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure increases information asymmetry.
- Lower liquidity can lead to price volatility and difficulty in exiting positions.
- Potential for delisting or suspension of trading.
- Higher risk of fraud or manipulation compared to listed stocks.
- Operating in Venezuela introduces significant political and economic risks.
- Verify the company's financial statements and disclosures.
- Research the company's management team and their track record.
- Assess the political and economic risks associated with operating in Venezuela.
- Evaluate the company's exploration results and resource estimates.
- Monitor trading volume and bid-ask spreads to assess liquidity.
- Consult with a financial advisor before investing.
- Understand the risks associated with OTC investments.
- The company has been incorporated since 1956.
- The company is focused on developing a specific project (Siembra Minera).
- The company has a management team in place.
- The company has secured agreements with the Venezuelan government (though subject to risks).
- The company has a history of exploration activities.
Gold Reserve Inc. Basic Materials Stock: Key Questions Answered
What does Gold Reserve Inc. do?
Gold Reserve Inc. is an exploration stage company focused on acquiring, exploring, and developing mining properties. Its primary focus is the Siembra Minera project in Venezuela, which holds significant deposits of gold, copper, silver, and other strategic minerals. The company aims to advance the Siembra Minera project towards development and eventual mineral production. Gold Reserve operates in the basic materials sector, specifically within the gold industry.
What do analysts say about GDRZF stock?
As an OTC-listed exploration stage company, Gold Reserve Inc. may not have extensive analyst coverage. Investors should focus on the company's exploration results, financial disclosures, and the political and economic risks associated with operating in Venezuela. Key valuation metrics include the potential value of the Siembra Minera project and the company's ability to secure financing and permits. The company's growth prospects are tied to the successful development of its primary asset.
What are the main risks for GDRZF?
The main risks for Gold Reserve Inc. include political and economic instability in Venezuela, fluctuations in gold, copper, and silver prices, environmental regulations and permitting challenges, competition from other mining companies, and limited liquidity in the OTC market. Operating in Venezuela introduces significant uncertainties and potential disruptions to the company's operations. Changes in commodity prices could impact the profitability of the Siembra Minera project.
What are the key factors to evaluate for GDRZF?
Gold Reserve Inc. (GDRZF) holds an AI score of 58/100 (moderate). Not financial advice.
How frequently does GDRZF data refresh on this page?
GDRZF 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 GDRZF's recent stock price performance?
Gold Reserve Inc. (GDRZF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Significant mineral resources at the Siembra Minera project. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider GDRZF overvalued or undervalued right now?
Valuing Gold Reserve Inc. (GDRZF) 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 GDRZF?
Before investing in Gold Reserve Inc. (GDRZF), 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).
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.
- Information is based on available data and may be subject to change.
- Investment decisions should be made after consulting with a financial advisor.
- Operating in Venezuela carries significant risks.