Gold Resource Corporation (GORO) vs Comstock Inc. (LODE)

Gold Resource Corporation and Comstock Inc. are both Other Precious Metals & Mining companies. Gold Resource Corporation is the larger, with a market value of $477.5M against $194.5M — 2.5× the size. Comstock Inc. has negative trailing earnings, so its P/E is not meaningful; Gold Resource Corporation trades at 70.0×. Gold Resource Corporation grew revenue faster over the last twelve months: 121.2% against −69.1%. Gold Resource Corporation has the higher net margin (5.02% vs −6,011.8%) and the higher return on invested capital (130.7% vs −30.9%). Across the 18 metrics below, Gold Resource Corporation leads on 16 and Comstock Inc. on 2.

Valuation

Metric GORO LODE Other Precious Metals & Mining median
P/E 70.00 n/m 18.01
P/S 4.31 191.25 7.00
P/B 11.61 1.38 2.46
Price to free cash flow 58.16 n/m 58.16
EV/EBITDA 10.72 n/m 12.47
EV/Sales 4.13 172.80 5.74
Earnings yield 1.43% (40.23%) 2.75%
Free cash flow yield 1.72% (19.33%) 0.51%

Profitability

Metric GORO LODE Other Precious Metals & Mining median
Gross margin 35.99% (165.57%) 39.51%
Operating margin 28.32% (5,845.64%) 25.20%
Net margin 5.02% (6,011.76%) 5.02%
Free cash flow margin 7.42% (3,667.19%) 2.55%
Return on equity 17.98% (52.47%) 13.37%
Return on assets 3.84% (35.70%) 3.84%
Return on invested capital 130.68% (30.85%) 5.28%

Growth

Metric GORO LODE Other Precious Metals & Mining median
Revenue growth (TTM) 121.21% (69.07%) 54.39%
EPS growth (last fiscal year) 91.80% 63.55% —
Revenue growth, 5-year CAGR 1.92% 50.43% 20.68%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GORO LODE Other Precious Metals & Mining median
Debt to equity 0.00 0.08 0.00
Current ratio 3.33 3.20 5.20
Net debt to EBITDA (0.81) 0.15 0.28

Dividend

Metric GORO LODE Other Precious Metals & Mining median
Dividend yield 12.05% — 1.64%
Payout ratio 4.00 0.00 0.00

Size

Metric GORO LODE Other Precious Metals & Mining median
Market cap 477.49m 194.54m 1.03b

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