Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Shandong Gold Mining Co's average basic shares outstanding for the quarter that ended in Mar. 2026 was 4,985 Mil.
Shandong Gold Mining Co (HKSE:01787) Shares Outstanding (Basic Average) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Be Aware
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Shandong Gold Mining Co Shares Outstanding (Basic Average) Related Terms
Shandong Gold Mining Co Shares Outstanding (Basic Average) Historical Data
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The historical data trend for Shandong Gold Mining Co's Shares Outstanding (Basic Average) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Shandong Gold Mining Co Shares Outstanding (Basic Average) Chart
Shandong Gold Mining Co Shares Outstanding (Basic Average) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
What does a Shares Outstanding (Basic Average) of 4,985 Mil mean?
Shandong Gold Mining Co (HKSE:01787) has a Shares Outstanding (Basic Average) of 4,985 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Shandong Gold Mining Co and its competitors.
Is Shandong Gold Mining Co's Shares Outstanding (Basic Average) too high?
Shandong Gold Mining Co's current Shares Outstanding (Basic Average) is 4,985 Mil. Overall, Shandong Gold Mining Co has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shandong Gold Mining Co's Shares Outstanding (Basic Average) compare to NEM and AU?
Shandong Gold Mining Co's Shares Outstanding (Basic Average) of 4,985 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for a Metals & Mining company?
A good Shares Outstanding (Basic Average) depends on the Metals & Mining industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Shandong Gold Mining Co and its competitors. Shandong Gold Mining Co's current Shares Outstanding (Basic Average) is 4,985 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Gold Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Gold Mining Co (HKSE:01787) is currently considered Possible Value Trap. The stock's GF Value™ is HK$36.14, compared to a current price of HK$17.25 — trading 52.3% below its estimated fair value. The current Shares Outstanding (Basic Average) is 4,985 Mil. Shandong Gold Mining Co's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Shandong Gold Mining Co (HKSE:01787), the current Shares Outstanding (Basic Average) is 4,985 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Shandong Gold Mining Co (HKSE:01787) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Gold Mining Co stock appears to be undervalued.
The current stock price of HK$17.25 is trading 52.3% below its estimated GF Value™ of HK$36.14.
GuruFocus considers Shandong Gold Mining Co to be Possible Value Trap.
Key valuation signals for HKSE:01787:
Shares Outstanding (Basic Average): 4,985 Mil
GF Value™: HK$36.14 vs. price of HK$17.25 (52.3% below fair value)
No single metric tells the full story. See the HKSE:01787 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Gold Mining Co Ltd is a China-based company mainly engaged in the exploration, mining, beneficiation, and sales of gold and non-ferrous metals. Additionally, it is involved in the production, processing, and sales of specialized equipment for gold mines and construction and decoration materials. The company's main products include standard gold bullions, investment gold bars, alloy gold, and silver ingots. Its portfolio of gold mines comprises Sanshandao Gold Mine, Jiaojia Gold Mine, Xincheng Gold Mine, Veladero Gold Mine, and Qinghai Dachaidan Mining, among others. The company's reporting segments are: Gold, which derives maximum revenue, Silver metal, Copper metal, Iron ore concentrates, Lead metal, Zinc metal, Purchased gold, Small gold bars, and Others.
83GF Score
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