Gold Resource Corp [GORO] stock prices are up 6.22% to $0.28 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GORO shares have gain 9.38% over the last week, with a monthly amount glided 12.04%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 30, January 2024, Gold Resource Corporation Announces Preliminary Fourth Quarter and Year-End Results. In a post published today on Yahoo Finance, Gold Resource Corporation (NYSE American: GORO) (the “Company”) announces its preliminary fourth quarter results that includes the sale of 3,757 ounces of gold and 258,252 ounces of silver resulting in total gold equivalent (AuEq) ounces of 6,768. Additionally, the company sold 2,182 tonnes of zinc, 327 tonnes of copper, and 820 tonnes of lead. During the year ending December 31, 2023, the company sold 31,085 AuEq ounces, 10,954 tonnes of zinc, 1,231 tonnes of copper, and 4,501 tonnes of lead.
From an analyst’s perspective:
Gold Resource Corp [AMEX: GORO] stock has seen the most recent analyst activity on July 21, 2022, when Alliance Global Partners initiated its Buy rating and assigned the stock a price target of $4.25. Previously, ROTH Capital started tracking the stock with Buy rating on June 11, 2019, and set its price target to $6.50. On March 25, 2019, H.C. Wainwright initiated with a Buy rating and assigned a price target of $7.75 on the stock. Global Hunter Securities downgraded its rating to a Reduce and decreased its price target to $8 on May 09, 2013. Global Hunter Securities downgraded its rating to a Neutral and reduced its price target to $17.50 on October 18, 2012. Global Hunter Securities started tracking with a Accumulate rating for this stock on August 02, 2012, and assigned it a price target of $22. In a note dated January 05, 2011, Jefferies initiated an Buy rating and provided a target price of $45 on this stock.
The stock price of Gold Resource Corp [GORO] has been fluctuating between $0.22 and $1.19 over the past year. Gold Resource Corp [AMEX: GORO] shares were valued at $0.28 at the most recent close of the market.
Analyzing the GORO fundamentals
The Gold Resource Corp [AMEX:GORO] reported sales of 108.06M for trailing twelve months, representing a drop of -15.77%. Gross Profit Margin for this corporation currently stands at 0.02% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.2%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -0.15 and Total Capital is -0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.14.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.2681 points at the first support level, and at 0.2561 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.2860, and for the 2nd resistance point, it is at 0.2919.
Gold Resource Corp [GORO] reported earnings per share of -$0.08 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.04/share, meaning a difference of -$0.04 and a surprise factor of -100.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.05 per share as compared to estimates of -$0.02 per share, a difference of -$0.03 representing a surprise of -150.00%.
Ratios To Look Out For
It’s worth pointing out that Gold Resource Corp [AMEX:GORO]’s Current Ratio is 1.91. In addition, the Quick Ratio stands at 1.19 and the Cash Ratio stands at 0.44. Considering the valuation of this stock, the price to sales ratio is 0.23, the price to book ratio is 0.25.
