The price of Gold Resource Corp (AMEX:GORO) shares last traded on Wall Street fell -2.61% to $0.30.
Based on available information, 2 analysts follow Gold Resource Corp (AMEX:GORO). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1.75 and a low of $1.25, we find $1.50. Given the previous closing price of $0.31, this indicates a potential upside of 383.87 percent. GORO stock price is now -23.13% away from the 50-day moving average and -57.29% away from the 200-day moving average. The market capitalization of the company currently stands at $26.76M.
Among analysts, 0 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $1.50 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 Corp (AMEX: GORO).
A total of 0.68% of the company’s stock is owned by insiders.
A candlestick chart of Gold Resource Corp (AMEX: GORO) showed a price of $0.3098 on Wednesday morning. During the past 12 months, Gold Resource Corp has had a low of $0.26 and a high of $1.80. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 1.91, and a quick ratio of 1.19. The fifty day moving average price for GORO is $0.3930 and a two-hundred day moving average price translates $0.7067 for the stock.
The latest earnings results from Gold Resource Corp (AMEX: GORO) was released for Sep, 2023. According to the Gold Company, earnings per share came in at -$0.08, missing analysts’ expectations of -$0.04 by -0.04. This compares to -$0.11 EPS in the same period last year. The net profit margin was -15.03% and return on equity was -15.10% for GORO. The company reported revenue of $20.55 million for the quarter, compared to $23.87 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.9 percent. For the current quarter, analysts expect GORO to generate $18.95M in revenue.
Gold Resource Corp(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 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. Gold Resource Corporation was founded in 1998 and is headquartered in Denver, Colorado.
