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Gold Reserve Ltd. (GDRZF) Stock Fundamental Analysis & AI Rating 2026

GDRZF OTC Gold and Silver Ores D0 CIK: 0001072725
Updated This Month • Analysis: Mar 25, 2026 • SEC Data: 2011-12-31
Combined AI Rating
STRONG SELL
86% Confidence
STRONG AGREEMENT
STRONG SELL
95% Conf
STRONG SELL
77% Conf

📊 GDRZF Key Takeaways

Revenue: N/A
Net Margin: N/A
Free Cash Flow: $-47.9M
Current Ratio: 25.63x
Debt/Equity: 0.00x
EPS: $0.00
AI Rating: STRONG SELL with 95% confidence
Gold Reserve Ltd. (GDRZF) receives a STRONG SELL rating with 86% confidence from our AI fundamental analysis based on SEC 10-K filings., and return on equity (ROE) of -18.5% Below is our complete GDRZF stock analysis for 2026.

Is Gold Reserve Ltd. (GDRZF) a Good Investment?

Claude

Gold Reserve Ltd is a non-revenue generating exploration-stage company with persistent operating losses (-$45.2M net loss), negative cash flows (-$38.3M operating, -$47.9M free cash flow), and a critical balance sheet imbalance where liabilities ($104.1M) exceed assets ($78.3M). The company is fundamentally insolvent on a balance sheet basis and burning cash rapidly with no demonstrated path to profitability or revenue generation.

ChatGPT

The fundamentals are very weak: the company shows no reported revenue, a large net loss of $45.25M, and deeply negative operating and free cash flow. While liquidity appears high due to a large cash balance and no long-term debt, the business lacks demonstrated earnings power and the financial data is very stale, which reduces visibility into current operating quality.

Why Buy Gold Reserve Ltd. Stock? GDRZF Key Strengths

Claude
  • + Strong liquidity position with $57.7M cash and 25.63x current ratio providing near-term operational runway
  • + Zero financial leverage with no long-term debt reducing refinancing risk
  • + Positive stockholders equity of $244.0M suggesting retained capital from prior periods
ChatGPT
  • + Strong reported liquidity with a 25.63x current and quick ratio
  • + Large cash balance of $57.68M relative to reported asset base
  • + No reported long-term debt, limiting balance-sheet financing risk

GDRZF Stock Risks: Gold Reserve Ltd. Investment Risks

Claude
  • ! Liabilities exceed total assets by $25.8M indicating negative working capital structure and technical insolvency
  • ! Severe ongoing operating losses with -$38.3M operating cash flow and -$47.9M free cash flow demonstrating unsustainable cash burn
  • ! No revenue generation as exploration-stage company with negative ROE (-18.5%) and ROA (-57.8%) showing value destruction
  • ! Data severely outdated (last filing 2011-12-31) making current financial position unknown and assessment highly speculative
ChatGPT
  • ! No reported revenue or gross profit, suggesting no proven operating engine in the period provided
  • ! Heavy losses and negative cash generation, including -$38.33M operating cash flow and -$47.88M free cash flow
  • ! Data freshness is extremely poor and some balance-sheet figures appear inconsistent, reducing confidence in trend analysis

Key Metrics to Watch

Claude
  • * Path to revenue generation and timeline for mine development or asset monetization
  • * Monthly cash burn rate and runway until capital depletion at current burn rates
  • * Balance sheet restructuring or refinancing to resolve technical insolvency and liability-asset inversion
ChatGPT
  • * Operating cash burn and free cash flow trend
  • * Any sustained revenue generation and improvement in net losses

Gold Reserve Ltd. (GDRZF) Financial Metrics & Key Ratios

Revenue
N/A
Net Income
$-45.2M
EPS (Diluted)
$0.00
Free Cash Flow
$-47.9M
Total Assets
$78.3M
Cash Position
$57.7M

💡 AI Analyst Insight

Strong liquidity with a 25.63x current ratio provides a solid financial cushion.

GDRZF Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin N/A
Net Margin N/A
ROE -18.5%
ROA -57.8%
FCF Margin N/A

GDRZF vs Market Sector: How Gold Reserve Ltd. Compares

How Gold Reserve Ltd. compares to Market sector averages

Net Margin
GDRZF 0.0%
vs
Sector Avg 12.0%
GDRZF Sector
ROE
GDRZF -18.5%
vs
Sector Avg 15.0%
GDRZF Sector
Current Ratio
GDRZF 25.6x
vs
Sector Avg 1.8x
GDRZF Sector
Debt/Equity
GDRZF 0.0x
vs
Sector Avg 0.7x
GDRZF Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Gold Reserve Ltd. Stock Overvalued? GDRZF Valuation Analysis 2026

Based on fundamental analysis, Gold Reserve Ltd. has mixed fundamental signals relative to the Market sector in 2026.

Return on Equity
-18.5%
Sector avg: 15%
Net Profit Margin
N/A
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Gold Reserve Ltd. Balance Sheet: GDRZF Debt, Cash & Liquidity

Current Ratio
25.63x
Quick Ratio
25.63x
Debt/Equity
0.00x
Debt/Assets
132.9%
Interest Coverage
N/A
Long-term Debt
N/A

GDRZF Revenue & Earnings Growth: 5-Year Financial Trend

GDRZF 5-year financial data:
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Gold Reserve Ltd.'s revenue has remained relatively flat over the 5-year period, with a 0% decline.

GDRZF Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
N/A
Free cash flow / Revenue

Gold Reserve Ltd. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$38.3M
Cash generated from operations
Capital Expenditures
$9.5M
Investment in assets
Dividends
None
No dividend program

GDRZF SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Gold Reserve Ltd. (CIK: 0001072725)

📋 Recent SEC Filings

Date Form Document Action
Apr 28, 2025 4 xslF345X05/ownership.xml View →
Apr 7, 2025 4 xslF345X05/ownership.xml View →
Mar 31, 2025 4 xslF345X05/ownership.xml View →
Mar 24, 2025 4 xslF345X05/ownership.xml View →
Mar 14, 2025 4 xslF345X05/ownership.xml View →

Frequently Asked Questions about GDRZF

What is the AI rating for GDRZF?

Gold Reserve Ltd. (GDRZF) has a Combined AI Rating of STRONG SELL from Claude (STRONG SELL) and ChatGPT (STRONG SELL) with 86% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are GDRZF's key strengths?

Claude: Strong liquidity position with $57.7M cash and 25.63x current ratio providing near-term operational runway. Zero financial leverage with no long-term debt reducing refinancing risk. ChatGPT: Strong reported liquidity with a 25.63x current and quick ratio. Large cash balance of $57.68M relative to reported asset base.

What are the risks of investing in GDRZF?

Claude: Liabilities exceed total assets by $25.8M indicating negative working capital structure and technical insolvency. Severe ongoing operating losses with -$38.3M operating cash flow and -$47.9M free cash flow demonstrating unsustainable cash burn. ChatGPT: No reported revenue or gross profit, suggesting no proven operating engine in the period provided. Heavy losses and negative cash generation, including -$38.33M operating cash flow and -$47.88M free cash flow.

What is GDRZF's revenue and growth?

Gold Reserve Ltd. reported revenue of N/A.

Does GDRZF pay dividends?

Gold Reserve Ltd. does not currently pay dividends.

Where can I find GDRZF SEC filings?

Official SEC filings for Gold Reserve Ltd. (CIK: 0001072725) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is GDRZF's EPS?

Gold Reserve Ltd. has a diluted EPS of $0.00.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is GDRZF a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Gold Reserve Ltd. has a STRONG SELL rating with 86% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is GDRZF stock overvalued or undervalued?

Valuation metrics for GDRZF: ROE of -18.5% (sector avg: 15%), net margin of N/A (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy GDRZF stock in 2026?

Our dual AI analysis gives Gold Reserve Ltd. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is GDRZF's free cash flow?

Gold Reserve Ltd.'s operating cash flow is $-38.3M, with capital expenditures of $9.5M.

How does GDRZF compare to other Market stocks?

Vs Default sector averages: Net margin N/A (avg: 12%), ROE -18.5% (avg: 15%), current ratio 25.63 (avg: 1.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 25, 2026 | Data as of: 2011-12-31 | Powered by Claude AI