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Boom Or Bust: What Is Next For Gold Resource Corporation (AMEX: GORO) Stock?

Gold Resource Corporation (AMEX:GORO)’s traded shares stood at 1.37 million during the last session, with the company’s beta value hitting 1.71. At…



This article was originally published by The Marketing Sentinal

Gold Resource Corporation (AMEX:GORO)’s traded shares stood at 1.37 million during the last session, with the company’s beta value hitting 1.71. At the close of trading, the stock’s price was $2.01, to imply an increase of 6.35% or $0.12 in intraday trading. The GORO share’s 52-week high remains $2.99, putting it -48.76% down since that peak but still an impressive 25.37% since price per share fell to its 52-week low of $1.50. The company has a valuation of $177.60M, with an average of 1.13 million shares in intraday trading volume over the past 10 days and average of 1.50 million shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for Gold Resource Corporation (GORO), translating to a mean rating of 2.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give GORO a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.

Gold Resource Corporation (AMEX:GORO) trade information

After registering a 6.35% upside in the last session, Gold Resource Corporation (GORO) has traded red over the past five days. The stock hit a weekly high of 2.0100 this Wednesday, 05/04/22, jumping 6.35% in its intraday price action. The 5-day price performance for the stock is 11.05%, and -14.10% over 30 days. With these gigs, the year-to-date price performance is 28.85%. Short interest in Gold Resource Corporation (AMEX:GORO) saw shorts transact 1.9 million shares and set a 2.8 days time to cover.

Analysts on Wall Street suggest a consensus price target of $5.75, implying an increase of 65.04% to the stock’s current value. The extremes give us $5.75 and $5.75 for target low and target high price respectively. As such, GORO has been trading -186.07% off suggested target high and -186.07% from its likely low.

Gold Resource Corporation (GORO) estimates and forecasts

Looking at statistics comparing Gold Resource Corporation share performance against respective industry, we note that the company has underperformed competitors. Gold Resource Corporation (GORO) shares are 11.67% up over the last 6 months, with its year-to-date growth rate lower than industry average at -27.27% against 15.60%. The rating firms project that company’s revenue will shrink -33.00% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is $42.29 million. Meanwhile, for the quarter ending Dec 2020, a total of 1 analyst(s) estimate revenue growth to -$697k.Earnings reports from the last fiscal year show that sales brought in $40.07 million and $39.35 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 5.50% before dropping -101.80% in the following quarter.

GORO Dividends

Gold Resource Corporation has its next earnings report out between November 01 and November 05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Gold Resource Corporation has a forward dividend ratio of 0.04, with the share yield ticking at 1.99% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.86%.

Gold Resource Corporation (AMEX:GORO)’s Major holders

Gold Resource Corporation insiders hold 1.46% of total outstanding shares, with institutional holders owning 34.21% of the shares at 34.72% float percentage. In total, 34.21% institutions holds shares in the company, led by Van Eck Associates Corporation. As of Sep 29, 2021, the company held over 4.28 million shares (or 5.74% of shares), all amounting to roughly $6.72 million.

The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 3.38 million shares, or about 4.54% of shares outstanding. As of the market price on Sep 29, 2021, these shares were worth $5.31 million.

We also have VanEck Vectors ETF Tr-Junior Gold Miners ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Gold Resource Corporation (GORO) shares. Going by data provided on Sep 29, 2021, VanEck Vectors ETF Tr-Junior Gold Miners ETF holds roughly 3.87 million shares. This is just over 5.19% of the total shares, with a market valuation of $6.08 million. Data from the same date shows that the other fund manager holds a little less at 2.13 million, or 2.85% of the shares, all valued at about 3.34 million.

Author: Isaac Mitchell


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