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Gold Roads – Buy

Gold Road Resources is under Algo Engine buy conditions, although the medium term pivot point highlights the recent selling pressure.

On the positive side, 4QCY20 operational result was in line with forecasts and closing cash was also in line after a solid production rebound from the previous quarter.

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FY21 revenue forecast is for $300mil generating EBIT of $100mil which will help support an expected 4% yield.

Investor Signals Pty Ltd ABN 44 143 555 453 is a Corporate Authorised Representative CAR No. 439411 of Advisor Plus Pty Ltd AFSL 474520
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