Analysts led by Paul Hissey said "exciting times lay ahead" for the company as its Gruyere project headed toward the final stages of feasibility.
"Gold Road Resources' place within the local market makes it an attractive proposition, as it sits as one of the only pure play gold developers with high quality asset on the cusp of development," they said in a note to clients.
RBC, which has an "outperform" rating on the stock, views Gold Road as a "potential target" for M&A.
Hopefully more exciting times ahead are not far away for holders and a resumption for the share price to push back towards new 12 month highs, another discovery may be the catalyst needed.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)