The price of Gold Resource Corp (AMEX:GORO) shares last traded on Wall Street fell -5.83% to $0.61.
GORO stock price is now 94.49% away from the 50-day moving average and 46.69% away from the 200-day moving average. The market capitalization of the company currently stands at $54.32M.
With the price target of $4.25, Alliance Global Partners recently initiated with Buy rating for Gold Resource Corp (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 0.67% of the company’s stock is owned by insiders.
During the past 12 months, Gold Resource Corp has had a low of $0.22 and a high of $1.19. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 2.34, and a quick ratio of 1.50. The fifty day moving average price for GORO is $0.3150 and a two-hundred day moving average price translates $0.4175 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 -$0.03, beating analysts’ expectations of -$0.09 by 0.06. This compares to -$0.04 EPS in the same period last year. The net profit margin was -16.38% and return on equity was -15.37% for GORO. The company reported revenue of $21.14 million for the quarter, compared to $32.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -34.7 percent. For the current quarter, analysts expect GORO to generate $15.95M 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.
