Goliath Resources Ltd Stock Analysis:
Analysts rate Goliath Resources Ltd with a consensus Strong Buy rating and a 12-month average target price of $1.65 per share.
Based on the Goliath Resources Ltd stock forecasts from 1 analysts, the average analyst target price for Goliath Resources Ltd is CAD 1.65 over the next 12 months. Goliath Resources Ltd’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Goliath Resources Ltd is Slightly Bearish, which is based on 2 positive signals and 4 negative signals. At the last closing, Goliath Resources Ltd’s stock price was CAD 1.08. Goliath Resources Ltd’s stock price has changed by -14.29% over the past week, -14.29% over the past month and +44.00% over the last year.
About Goliath Resources Ltd (GOT:CA:TSV)
Goliath Resources Limited, a junior resource exploration company, engages in the exploration of mineral properties in British Columbia, Canada. The company explores for gold, silver, copper, and molybdenum. It has an option to acquire 100% interests in the Luckystrike property, which covers 31,511 hectares located in Terrace, British Columbia; and the Golddigger property, which covers 23,858.51 hectares located to the southeast of Stewart. The company also holds interests in the Nelligan Project consisting of 391 mineral claims covering an area of 340 square kilometers situated in Quebec, Canada. Goliath Resources Limited is headquartered in Toronto, Canada.
What we like:
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
What we don’t like:
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
The company had negative total cash flow in the most recent four quarters.
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector.