In yesterday’s Wall Street session, Gold Resource Corporation (AMEX:GORO) shares traded at $1.56, up 0.65% from the previous session.
1 analysts cover Gold Resource Corporation (AMEX:GORO), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $5.00, we find $5.00. Given the previous closing price of $1.55, this indicates a potential upside of 222.58 percent. GORO stock price is now -3.66% away from the 50-day moving average and -13.60% away from the 200-day moving average. The market capitalization of the company currently stands at $139.70M.
The stock has received a hold rating from 0 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $5.00 as their price target over the next twelve months.
With the price target of $4.25, Alliance Global Partners recently initiated with Buy rating for Gold Resource Corporation (AMEX: GORO). On June 11, 2019, ROTH Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $6.50, while ‘H.C. Wainwright’ rates the stock as ‘Buy’.
A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GORO stock. A new stake in Gold Resource Corporation shares was purchased by U S GLOBAL INVESTORS INC during the first quarter worth $1,560,000. FIRST TRUST ADVISORS LP invested $363,000 in shares of GORO during the first quarter. In the first quarter, EXCHANGE TRADED CONCEPTS, LLC acquired a new stake in Gold Resource Corporation valued at approximately $361,000. XTX TOPCO LTD acquired a new stake in GORO for approximately $179,000. WOLVERINE TRADING, LLC purchased a new stake in GORO valued at around $64,000 in the second quarter. In total, there are 110 active investors with 30.30% ownership of the company’s stock.
On Tuesday morning Gold Resource Corporation (AMEX: GORO) stock kicked off with the opening price of $1.5500. During the past 12 months, Gold Resource Corporation has had a low of $1.50 and a high of $2.63. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.50, and a quick ratio of 1.80. The fifty day moving average price for GORO is $1.6192 and a two-hundred day moving average price translates $1.8055 for the stock.
The latest earnings results from Gold Resource Corporation (AMEX: GORO) was released for Jun, 2022. According to the Gold Company, earnings per share came in at $0.03, beating analysts’ expectations of $0.02 by 0.01. This compares to $0.02 EPS in the same period last year. The net profit margin was -0.20% and return on equity was -0.30% for GORO. The company reported revenue of $23.87 million for the quarter, compared to $29.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.78 percent. For the current quarter, analysts expect GORO to generate $27.24M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/30/2022. Investors who held shares on 12/15/2022 were paid a $0.01 dividend. On an annualized basis, this represents a $0.04 dividend and a 2.56% percent yield. There was an ex-dividend date of 12/14/2022 for this dividend.
Gold Resource Corporation(GORO) Company Profile
Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company also explores for copper, lead, and zinc deposits. Its principal asset is the 100% owned Back Forty project covering approximately 1,304 hectares located in Menominee county, Michigan. The company was founded in 1998 and is headquartered in Denver, Colorado.